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6600.0
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2019-03-11 00:00:00 UTC
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Retail Sales Improve in January
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AAL
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https://www.nasdaq.com/articles/retail-sales-improve-in-january-2019-03-11
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nan
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nan
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Pre-market futures on the Nasdaq and S&P 500 this morning are up slightly to start a new week, though the Dow is expected to open 150 points below its Friday close. The reason, at least initially, is that heavily weighted component The Boeing Company BA has taken an 11% sell-off as of this hour, following the second crash of its 737 MAX in the past 6 months.
Over the weekend, all 157 people died aboard a Boeing 737 MAX plane that crashed in Addis Ababa, Ethiopia. This tragedy was chillingly familiar to a similar type crash in Indonesia last October, when 189 people perished. Following the Indonesian crash, there were no augmentations in Boeing's 10-K filing relating to the Boeing 737 MAX model.
Boeing's 737 is the world's most successful aircraft in terms of sales. The MAX version was a more recent update that made the planes more fuel efficient. Besides Boeing, airline companies that have recently invested in the plane are all down in today's pre-market, including Southwest LUV , American AAL and United Continental UAL . In fact, all Chinese, Indonesian and Cayman Islands 737 MAX planes have now been grounded until further notice.
For Boeing's part, today's pre-market drop has given back all the 9.3% gains the stock has made since Christmas Eve 2018. The aircraft giant had been helping the Dow reach higher highs thus far in 2019, and shares had carried a Zacks Rank #1 (Strong Buy) as of Friday's close. We expect analysts to revise estimates in the coming week.
January Retail Sales (Delayed)
A new headline on Retail Sales for the month of January (delayed by the long U.S. government shutdown) outperformed expectations: +0.2% from the +0.1% estimate. This is also much better than December's downwardly revised -1.6% headline.
Stripping out ex-auto sales, we see this figure rise to +0.9%, ex-autos & gas +1.2%. The control figure was 1.1%, and this is significant because the December control number - that which strips away near-term volatility - was revised down from the original -1.7% to -2.3% in today's read. This constitutes the worst monthly control number since the year 2000.
Basically, the "wealth effect" - how an individual's or a household's investment performance causes them to spend - hit the Retail Sales figures in December hard, as a tumbling stock market dampened consumer sentiment during the holiday shopping season. Now the the market has regained some of its footing (with help from a more dovish stance thus far from the Fed regarding interest rates), we are seeing Retail Sales numbers responding in kind.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Southwest Airlines Co. (LUV): Free Stock Analysis Report
American Airlines Group Inc. (AAL): Free Stock Analysis Report
United Continental Holdings, Inc. (UAL): Free Stock Analysis Report
The Boeing Company (BA): Free Stock Analysis Report
To read this article on Zacks.com click here.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Besides Boeing, airline companies that have recently invested in the plane are all down in today's pre-market, including Southwest LUV , American AAL and United Continental UAL . Click to get this free report Southwest Airlines Co. (LUV): Free Stock Analysis Report American Airlines Group Inc. (AAL): Free Stock Analysis Report United Continental Holdings, Inc. (UAL): Free Stock Analysis Report The Boeing Company (BA): Free Stock Analysis Report To read this article on Zacks.com click here. The aircraft giant had been helping the Dow reach higher highs thus far in 2019, and shares had carried a Zacks Rank #1 (Strong Buy) as of Friday's close.
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Besides Boeing, airline companies that have recently invested in the plane are all down in today's pre-market, including Southwest LUV , American AAL and United Continental UAL . Click to get this free report Southwest Airlines Co. (LUV): Free Stock Analysis Report American Airlines Group Inc. (AAL): Free Stock Analysis Report United Continental Holdings, Inc. (UAL): Free Stock Analysis Report The Boeing Company (BA): Free Stock Analysis Report To read this article on Zacks.com click here. January Retail Sales (Delayed) A new headline on Retail Sales for the month of January (delayed by the long U.S. government shutdown) outperformed expectations: +0.2% from the +0.1% estimate.
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Besides Boeing, airline companies that have recently invested in the plane are all down in today's pre-market, including Southwest LUV , American AAL and United Continental UAL . Click to get this free report Southwest Airlines Co. (LUV): Free Stock Analysis Report American Airlines Group Inc. (AAL): Free Stock Analysis Report United Continental Holdings, Inc. (UAL): Free Stock Analysis Report The Boeing Company (BA): Free Stock Analysis Report To read this article on Zacks.com click here. January Retail Sales (Delayed) A new headline on Retail Sales for the month of January (delayed by the long U.S. government shutdown) outperformed expectations: +0.2% from the +0.1% estimate.
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Besides Boeing, airline companies that have recently invested in the plane are all down in today's pre-market, including Southwest LUV , American AAL and United Continental UAL . Click to get this free report Southwest Airlines Co. (LUV): Free Stock Analysis Report American Airlines Group Inc. (AAL): Free Stock Analysis Report United Continental Holdings, Inc. (UAL): Free Stock Analysis Report The Boeing Company (BA): Free Stock Analysis Report To read this article on Zacks.com click here. Over the weekend, all 157 people died aboard a Boeing 737 MAX plane that crashed in Addis Ababa, Ethiopia.
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cced8155-3734-4ead-973e-68b5899c74d5
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6601.0
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2019-03-11 00:00:00 UTC
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Dow to open sharply lower as heavyweight Boeing slides after plane crash
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AAL
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https://www.nasdaq.com/articles/dow-open-sharply-lower-heavyweight-boeing-slides-after-plane-crash-2019-03-11
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nan
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nan
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By Amy Caren Daniel
March 11 () - A plunge in the shares of the world's largest planemaker after a fatal crash in Ethiopia set the Dow Jones Industrial index for a sharp fall at the open on Monday and capped gains in the broader markets.
Boeing Co, the best performing Dow component this year by a wide margin, tumbled 11.5 percent in premarket trading, and appeared on track for its worst day in nearly two decades after many airlines grounded the company's new 737 MAX 8 passenger jet following the second deadly crash in just five months.
"Boeing without any question is going to be the theme for the Dow index today, given its enormous weighting, but I don't see a spillover to any other indexes except airlines," said Randy Frederick, vice president of trading and derivatives for Charles Schwab in Austin, Texas.
Markets shrugged off data which showed U.S. retail sales unexpectedly rose in January, lifted by an increase in purchases of building materials and discretionary spending, but receipts in December were much weaker than initially thought.
This comes on the heels of data from last week that showed U.S. employment growth almost stalled in February, which added to global growth fears fanned by a sharp fall in China's exports and as the European Central Bank slashed growth forecasts for the region.
The S&P 500 index ended the week 2.2 percent lower, its biggest weekly decline since the market tumbled at the end of 2018, weighed by concerns of a slowing economy. The benchmark index is now nearly 7 percent away from its record high hit on Sept. 20.
"There are lingering economic concerns from last week," Frederick added.
"When you go into a downtrend like you had in the last 5 sessions, sometime you get pauses and this is a pause, but to get the momentum to shift to the other direction you need a positive catalyst and I don't see one on the horizon."
At 8:56 a.m. ET, Dow e-minis were down 0.76 percent. S&P 500 e-minis were up 0.25 percent and Nasdaq 100 e-minis were up 0.46 percent.
China and the United States are still working day and night to achieve a trade deal that matches the interests of both sides, including eliminating tit-for-tat tariffs, a senior Chinese official said on Saturday.
Apple Inc rose 1.8 percent after Bank of America Merrill Lynch upgraded the iPhone maker's shares to "buy" from "neutral" saying the pull back in its stock presented a buying opportunity.
In other news, President Donald Trump on Monday will ask lawmakers to hike spending for the military and the wall he wants to build on the U.S.-Mexico border and slash other programs in his 2020 budget.
The Republican president's proposal, slated for release at 11:30 a.m. (1530 GMT), is expected to be rejected by Congress.
The views and 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 Amy Caren Daniel March 11 () - A plunge in the shares of the world's largest planemaker after a fatal crash in Ethiopia set the Dow Jones Industrial index for a sharp fall at the open on Monday and capped gains in the broader markets. Boeing Co, the best performing Dow component this year by a wide margin, tumbled 11.5 percent in premarket trading, and appeared on track for its worst day in nearly two decades after many airlines grounded the company's new 737 MAX 8 passenger jet following the second deadly crash in just five months. Markets shrugged off data which showed U.S. retail sales unexpectedly rose in January, lifted by an increase in purchases of building materials and discretionary spending, but receipts in December were much weaker than initially thought.
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This comes on the heels of data from last week that showed U.S. employment growth almost stalled in February, which added to global growth fears fanned by a sharp fall in China's exports and as the European Central Bank slashed growth forecasts for the region. The S&P 500 index ended the week 2.2 percent lower, its biggest weekly decline since the market tumbled at the end of 2018, weighed by concerns of a slowing economy. "There are lingering economic concerns from last week," Frederick added.
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"Boeing without any question is going to be the theme for the Dow index today, given its enormous weighting, but I don't see a spillover to any other indexes except airlines," said Randy Frederick, vice president of trading and derivatives for Charles Schwab in Austin, Texas. This comes on the heels of data from last week that showed U.S. employment growth almost stalled in February, which added to global growth fears fanned by a sharp fall in China's exports and as the European Central Bank slashed growth forecasts for the region. The S&P 500 index ended the week 2.2 percent lower, its biggest weekly decline since the market tumbled at the end of 2018, weighed by concerns of a slowing economy.
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Boeing Co, the best performing Dow component this year by a wide margin, tumbled 11.5 percent in premarket trading, and appeared on track for its worst day in nearly two decades after many airlines grounded the company's new 737 MAX 8 passenger jet following the second deadly crash in just five months. "There are lingering economic concerns from last week," Frederick added. ET, Dow e-minis were down 0.76 percent.
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7be9aabd-55e1-440c-84ec-2fdb770f2456
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6602.0
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2019-03-11 00:00:00 UTC
|
After Ethiopia crash horror, some nations ground Boeing 737 MAX 8s
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AAL
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https://www.nasdaq.com/articles/after-ethiopia-crash-horror-some-nations-ground-boeing-737-max-8s-2019-03-11
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nan
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nan
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By Aaron Maasho and Duncan Miriri
GARA-BOKKA, Ethiopia, March 11 () - Investigators in Ethiopia found two black box recorders on Monday that will help piece together the final moments of an Ethiopian Airlines plane before it plunged, trailing smoke and debris, and crashed killing 157 people.
China and Indonesia grounded their fleets of Boeing's 737 MAX 8 aircraft on Monday, although most major airlines continued to fly the plane.
The Ethiopian Airlines 737 MAX 8 plunged into farmland minutes after take-off from Addis Ababa for Nairobi on Sunday.
"The plane was very close to the ground and it made a turn. We looked and saw papers falling off the plane," Malka Galato, the farmer whose land the plane crashed on, told .
"Cows that were grazing in the fields ran in panic ... There was smoke and sparks coming from the back of the plane."
The plane tried to climb but failed, then swerved sharply trailing white smoke and objects including clothes before crashing, said farmer Tamirat Abera.
The victims came from more than 30 countries, and the United Nations said they included 21 members of its staff. The UN had earlier said 22 of its staff were on board.
Investigators seeking to find the cause of the crash discovered the black box with both the cockpit voice recorder and digital flight data on Monday, Ethiopian state TV said.
Boeing's share price dropped 10 percent in early trading on Monday at the prospect that two such crashes in such a short time could reveal flaws in its new plane.
The 737 line, which has flown for more than 50 years, is the world's best selling modern passenger aircraft and viewed as one of the industry's most reliable.
The new MAX 8 variant, with bigger engines designed to use less fuel, entered service in 2017. By the end of January this year, Boeing had delivered 350 of the new jets to customers, with another 4,661 on order, and they could become the workhorses for airlines around the globe for decades.
Boeing's stock price fall, if maintained through normal trading hours, would be its biggest in nearly two decades, halting a surge that has seen it triple in value in just over three years to a record high of $446 last week.
INTERNATIONAL ALERT
Various worried nations took swift action after the crash.
Ethiopian Airlines, which has four other 737 MAX 8 jets, said it was grounding them as a precaution. China also ordered its airlines to suspend their 737 MAX 8 jets by 6 p.m.
Noting that the accidents involving newly delivered planes had both taken place shortly after take-off, the Civil Aviation Administration of China (CAAC) said it would notify airlines when they could resume flying the jets, after contacting Boeing and the U.S. Federal Aviation Administration (FAA).
China has been asserting its independence as a safety regulator as it negotiates mutual safety standard recognition with regulators in the United States and Europe, Western industry sources say.
The crash may scupper a potential commitment by China to buy more Boeing-made aircraft as part of a deal being negotiated to end a months-long trade war between China and the United States.
Indonesia, where a Lion Air 737 MAX 8 went down in October, said it would temporarily ground the model for inspection.
Cayman Airways grounded both of its new 737 MAX 8 jets temporarily, while India announced a safety review. South Africa'sComair also grounded its 737 MAX 8.
MOURNING
At the crash site, local villagers watched men in Red Cross jackets and masks picked through a large crater, stacking clothes in a heap and wrapping corpses in white body bags.
The smell of jet fuel mixed with burned flesh hung in the air. Another heap contained twisted green-and-yellow metal from the fuselage. A lone engine with dents around the edges and several damaged tyres lay nearby.
The dead included aid workers, doctors, professors of literature and botany, a law student, a newly wed woman, a father soon expecting a child, and a couple who just had a baby.
In Nairobi, a major hub for aid workers and diplomats, a summit opened with a moment of silence and tears for the U.N. members killed. In New York, the 15-member U.N. Security Council also stood to remember the dead.
"Our colleagues were women and men - junior professionals and seasoned officials - hailing from all corners of the globe," U.N. Secretary-General Antonio Guterres said. "They all had one thing in common - a spirit to serve the people of the world."
Ethiopian Airlines said its pilot Yared Getachew, a dual Ethiopian-Kenyan national, had a "commendable record" and more than 8,000 hours of flying experience.
The airplane, received in November 2018, had flown more than 1,200 hours, and it had returned from Johannesburg earlier on Sunday, Chief Executive Tewolde GebreMariam said.
The flight had unstable vertical speed after take-off, the flight tracking website Flightradar24 tweeted. The Sweden-based service said the jet climbed almost 1,000 feet after taking off from Addis Ababa, a hot and high-altitude airport whose thinner air requires extra effort from an aircraft's engines.
It dipped about 450 feet before rapidly climbing another 900 feet until the point where satellite tracking data was lost.
Graphic showing flight of Ethiopia Airlines flight 302
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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At the crash site, local villagers watched men in Red Cross jackets and masks picked through a large crater, stacking clothes in a heap and wrapping corpses in white body bags. The dead included aid workers, doctors, professors of literature and botany, a law student, a newly wed woman, a father soon expecting a child, and a couple who just had a baby. The Sweden-based service said the jet climbed almost 1,000 feet after taking off from Addis Ababa, a hot and high-altitude airport whose thinner air requires extra effort from an aircraft's engines.
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By Aaron Maasho and Duncan Miriri GARA-BOKKA, Ethiopia, March 11 () - Investigators in Ethiopia found two black box recorders on Monday that will help piece together the final moments of an Ethiopian Airlines plane before it plunged, trailing smoke and debris, and crashed killing 157 people. China and Indonesia grounded their fleets of Boeing's 737 MAX 8 aircraft on Monday, although most major airlines continued to fly the plane. The plane tried to climb but failed, then swerved sharply trailing white smoke and objects including clothes before crashing, said farmer Tamirat Abera.
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By Aaron Maasho and Duncan Miriri GARA-BOKKA, Ethiopia, March 11 () - Investigators in Ethiopia found two black box recorders on Monday that will help piece together the final moments of an Ethiopian Airlines plane before it plunged, trailing smoke and debris, and crashed killing 157 people. China and Indonesia grounded their fleets of Boeing's 737 MAX 8 aircraft on Monday, although most major airlines continued to fly the plane. Noting that the accidents involving newly delivered planes had both taken place shortly after take-off, the Civil Aviation Administration of China (CAAC) said it would notify airlines when they could resume flying the jets, after contacting Boeing and the U.S. Federal Aviation Administration (FAA).
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China and Indonesia grounded their fleets of Boeing's 737 MAX 8 aircraft on Monday, although most major airlines continued to fly the plane. The plane tried to climb but failed, then swerved sharply trailing white smoke and objects including clothes before crashing, said farmer Tamirat Abera. Ethiopian Airlines, which has four other 737 MAX 8 jets, said it was grounding them as a precaution.
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cab6434e-4e31-4e49-bb0e-f798127e6016
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6603.0
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2019-03-11 00:00:00 UTC
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Boeing shares down 10 pct after second 737 MAX crash
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AAL
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https://www.nasdaq.com/articles/boeing-shares-down-10-pct-after-second-737-max-crash-2019-03-11
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nan
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nan
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By Sanjana Shivdas
March 11 () - Boeing Co shares tumbled more than 5 percent on Monday after China, Indonesia and Ethiopia ordered airlines to ground the aircraft maker's best-selling line of jets after the second deadly crash of one of the planes in just five months.
While the slide lopped off $12.7 billion in the market value of one of the 10-year bull market's powerhouse stocks, the one-day loss was far more limited by the closing bell than earlier in the session as some investors bet long-term risks were limited.
"Despite the immense tragedy we think the company will fix what we believe is largely a software and training issue," said Nancy Tengler, chief investment strategist at Tengler Wealth Management, which counts Boeing among its largest holdings.
The volatility followed Sunday's crash of a Nairobi-bound Boeing 737 MAX 8 operated by Ethiopian Airlines just minutes after takeoff from the country's capital Addis Ababa, killing all 157 on board. The same model, flown by Lion Air, crashed off the coast of Indonesia in October, killing all 189 on board.
The single-aisle 737, the world's most-sold commercial aircraft, is central to Boeing's future. The MAX line is the fastest-selling jetliner in the company's history with more than 5,000 orders booked and a backlog valued at nearly $500 billion at list prices.
The 5.3 percent drop in share price on Monday wiped nearly $13 billion off Boeing's market value - an abrupt reversal for a stock that had been the runaway top performer so far this year on the Dow Jones Industrial Average.
With a stock price of about $400 a share, it was by far the largest drag on the price-weighted, blue-chip index on Monday, shaving more than 150 points off the Dow's advance.
It was unclear whether the accident would pose a long-term risk to a stock that has delivered the richest total return among the 30 stocks in the Dow over the 10 years of the current bull market.
Since U.S. stocks began rebounding from the 2007-09 financial crisis in March 2009, Boeing shares have delivered a total return - including reinvested dividends - of nearly 1,600 percent, or four times the performance of the full index.
Boeing's shares shed 12 percent in the weeks following the Lion Air crash last year, but have since more than recouped those declines.
In an email seen by , Boeing's chief executive told employees on Monday he was confident in the safety of the U.S. manufacturer's 737 MAX aircraft in the wake of two deadly crashes since October.
Wall Street has been overwhelmingly bullish on Boeing - 19 of the 24 brokerages covering the stock rate it "buy" or higher, while five have a "hold" rating. No brokerage has had a sell rating on the stock since July 2017.
Even with Monday's drop, it remained the Dow's best performer so far this year with a gain of 24 percent compared with 10 percent for the full index.
BUYING OPPORTUNITY
Morgan Stanley analyst Rajeev Lalwani said there would be concerns about safety, production, groundings and costs, but that those should all be manageable longer term.
He said the bank's positive "overweight" recommendation on Boeing shares was not changing, and that any corrective action the jetmaker has to take on its best-selling passenger plane will likely prove a longer-term buying opportunity.
Investigators have found the black box from the fatal crash with both the cockpit voice recorder and digital flight data, Ethiopian state TV reported on Monday, which should shed light on the cause of the crash.
Earlier in the day, China's aviation regulator grounded nearly 100 Boeing 737 MAX 8 aircraft operated by its airlines after the crash.
Shares of Dallas-based Southwest Airlines Co - the biggest operator of the MAX 8 - fell 0.3 percent, while American Airlines Group Inc, which has 24 MAX 8 jets, gained 0.4 percent.
Southwest and American said overnight they remained fully confident in the aircraft and were closely monitoring the investigation.
The 737 MAX 8 uses LEAP-1B engines made by CFM International, a joint venture of General Electric Co and Safran SA. Safran shares fell 1.7 percent on Monday, but GE rose 3.3 percent.
Boeing delivered 806 aircraft last year, missing its target by four jets, but still retaining the title of the world's biggest planemaker for the seventh straight year. European rival Airbus SE delivered 800 planes in 2018.
Shares of Boeing's European rival Airbus rose 1.3 percent in Paris.
writing by Dan Burns; editing by Saumyadeb Chakrabarty and Patrick Graham)
The views and 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 Sanjana Shivdas March 11 () - Boeing Co shares tumbled more than 5 percent on Monday after China, Indonesia and Ethiopia ordered airlines to ground the aircraft maker's best-selling line of jets after the second deadly crash of one of the planes in just five months. The 5.3 percent drop in share price on Monday wiped nearly $13 billion off Boeing's market value - an abrupt reversal for a stock that had been the runaway top performer so far this year on the Dow Jones Industrial Average. Since U.S. stocks began rebounding from the 2007-09 financial crisis in March 2009, Boeing shares have delivered a total return - including reinvested dividends - of nearly 1,600 percent, or four times the performance of the full index.
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By Sanjana Shivdas March 11 () - Boeing Co shares tumbled more than 5 percent on Monday after China, Indonesia and Ethiopia ordered airlines to ground the aircraft maker's best-selling line of jets after the second deadly crash of one of the planes in just five months. Shares of Dallas-based Southwest Airlines Co - the biggest operator of the MAX 8 - fell 0.3 percent, while American Airlines Group Inc, which has 24 MAX 8 jets, gained 0.4 percent. Shares of Boeing's European rival Airbus rose 1.3 percent in Paris.
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By Sanjana Shivdas March 11 () - Boeing Co shares tumbled more than 5 percent on Monday after China, Indonesia and Ethiopia ordered airlines to ground the aircraft maker's best-selling line of jets after the second deadly crash of one of the planes in just five months. The 5.3 percent drop in share price on Monday wiped nearly $13 billion off Boeing's market value - an abrupt reversal for a stock that had been the runaway top performer so far this year on the Dow Jones Industrial Average. Shares of Dallas-based Southwest Airlines Co - the biggest operator of the MAX 8 - fell 0.3 percent, while American Airlines Group Inc, which has 24 MAX 8 jets, gained 0.4 percent.
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By Sanjana Shivdas March 11 () - Boeing Co shares tumbled more than 5 percent on Monday after China, Indonesia and Ethiopia ordered airlines to ground the aircraft maker's best-selling line of jets after the second deadly crash of one of the planes in just five months. Even with Monday's drop, it remained the Dow's best performer so far this year with a gain of 24 percent compared with 10 percent for the full index. Shares of Dallas-based Southwest Airlines Co - the biggest operator of the MAX 8 - fell 0.3 percent, while American Airlines Group Inc, which has 24 MAX 8 jets, gained 0.4 percent.
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159e35e6-37e8-45fb-952a-56e5a8a712fe
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6604.0
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2019-03-11 00:00:00 UTC
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U.S. says 737 MAX safe to fly after Ethiopia crash; Boeing shares dip
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AAL
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https://www.nasdaq.com/articles/us-says-737-max-safe-fly-after-ethiopia-crash-boeing-shares-dip-2019-03-11
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nan
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nan
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By Aaron Maasho, Duncan Miriri and David Shepardson
GARA-BOKKA, Ethiopia/WASHINGTON, March 11 () - The United States told airlines it was safe to fly 737 MAX 8 planes on Monday as investigators found two black box recorders that will help piece together the final moments of an Ethiopian Airlines jet before it plunged to the ground on Sunday.
China and Indonesia grounded their fleets of 737 MAX 8 aircraft earlier on Monday, citing safety concerns, contributing to a drop in Boeing Co shares that wiped billions of dollars off the market value of the world's biggest plane maker.
Late on Monday, the U.S. Federal Aviation Administration (FAA) issued a "continued airworthiness notification" to assure operators of the plane that it was safe to fly. It said it was collecting data on the crash and keeping in contact with international civil aviation authorities and would take immediate action if it identified any safety issues.
The FAA also publicly detailed for the first time a series of design changes and training requirements mandated from Boeing on the MAX fleet after a jet of the same model came down in Indonesia in October and killed 189 people.
"This is welcome information on the enhancements to address shortfalls that our pilots noted after Lion Air, which is a silver lining," said Dennis Tajer, a spokesman for the American Airlines pilot union and a 737 pilot.
Major airlines from North America to the Middle East kept flying the MAX on Monday, though Gol in Brazil joined other smaller carriers in temporarily suspending MAX 8 flights and Argentina'sAssociation of Airline Pilots ordered its members not to fly the MAX series.
Democratic U.S. Senator Dianne Feinstein urged the FAA to ground Boeing's 737 MAX 8 fleet.
"Until the cause of the crash is known and it's clear that similar risks aren't present in the domestic fleet, I believe all Boeing 737 Max 8 series aircraft operating in the United States should be temporarily grounded," Feinstein wrote.
Southwest Airlines Co, which operates the largest fleet of 737 MAX 8s, said it remained confident in the safety of all its Boeing planes even as it received a rush of queries from customers wanting to know if they were booked to fly on a 737 MAX 8.
"Our customer relations team is responding to these customers individually, emphasizing our friendly, no-change fee policy," the No. 4 U.S. airline said in a statement.
BIG CLAIMS
The discovery of black box recorders means the cause of the crash may be quickly understood, as long as recordings are not damaged, although it typically takes a year for a full detailed investigation to be completed.
Boeing Chief Executive Dennis Muilenburg said he was confident in the safety of the 737 MAX in an email to employees which was seen by .
The planemaker, the airline and its insurers face big claims after the crash, industry sources said. The insured value of the plane itself was likely around $50 million.
On top of that, Boeing may face lawsuits from victims' families in the United States, where legal compensation payments for people killed in plane crashes could run around $2 million to $3 million per person, depending on the law applied, compared to about $200,000 in Ethiopia, according to Justin Green, a New York-based aviation lawyer who has represented families in cases against Boeing.
Boeing declined to comment on its insurance cover.
The company's share price briefly had its biggest one-day drop since the attacks of Sep. 11, 2001, falling as much as 13.5 percent early on Monday on fears that two crashes in such a short time could reveal flaws in the new plane.
Some investors saw that dip as an opportunity to buy Boeing shares, which have tripled in value over the past three years, sparking a recovery. The shares closed down 5.3 percent at $400.01.
'SMOKE AND SPARKS'
The Ethiopian Airlines 737 MAX 8 plunged into farmland minutes after take-off from Addis Ababa for Nairobi.
"The plane was very close to the ground and it made a turn. We looked and saw papers falling off the plane," Malka Galato, the farmer whose land the plane crashed on, told .
"Cows that were grazing in the fields ran in panic ... There was smoke and sparks coming from the back of the plane."
The plane tried to climb but failed, then swerved sharply trailing white smoke and objects including clothes before crashing, said farmer Tamirat Abera.
The victims came from more than 30 countries, and the United Nations said they included 21 members of its staff. The world body had earlier said 22 of its staff were on board.
The 737 line, which has flown for more than 50 years, is the world's best-selling modern passenger aircraft and viewed as one of the industry's most reliable.
The new MAX 8 variant, with bigger engines designed to use less fuel, entered service in 2017. By the end of January this year, Boeing had delivered 350 of the new jets to customers, with another 4,661 on order, and they could become the workhorses for airlines around the globe for decades.
Various worried nations took swift action after the crash.
Ethiopian Airlines, which has four other 737 MAX 8 jets, said it was grounding them as a precaution. China also ordered its airlines to suspend their 737 MAX 8 jets.
Noting that the accidents involving newly delivered planes had both taken place shortly after take-off, the Civil Aviation Administration of China said it would notify airlines when they could resume flying the jets, after contacting Boeing and the FAA.
China has been asserting its independence as a safety regulator as it negotiates mutual safety standard recognition with regulators in the United States and Europe, Western industry sources say.
The crash may scupper a potential commitment by China to buy more Boeing-made aircraft as part of a deal being negotiated to end a months-long trade war between China and the United States.
Indonesia, where a Lion Air 737 MAX 8 went down in October, said it would temporarily ground the model for inspection.
MOURNING
At the crash site, villagers watched men in Red Cross jackets and masks picked through a large crater, stacking clothes in a heap and wrapping corpses in white body bags.
The smell of jet fuel mixed with burned flesh hung in the air. Another heap contained twisted green-and-yellow metal from the fuselage. A lone engine with dents around the edges and several damaged tyres lay nearby.
The dead included aid workers, doctors, professors of literature and botany, a law student, a newly wed woman, a father soon expecting a child, and a couple who just had a baby.
In Nairobi, a major hub for aid workers and diplomats, a summit opened with a moment of silence and tears for the U.N. members killed. In New York, the 15-member U.N. Security Council also stood to remember the dead.
Ethiopian Airlines said its pilot Yared Getachew, a dual Ethiopian-Kenyan national, had a "commendable record" and more than 8,000 hours of flying experience.
The airplane, received in November 2018, had flown more than 1,200 hours, and it had returned from Johannesburg earlier on Sunday, Chief Executive Tewolde GebreMariam said.
The flight had unstable vertical speed after take-off, the flight tracking website Flightradar24 tweeted. The Sweden-based service said the jet climbed almost 1,000 feet (305 m) after taking off from Addis Ababa, a hot and high-altitude airport whose thinner air requires extra effort from an aircraft's engines.
It dipped about 450 feet before rapidly climbing another 900 feet until the point where satellite tracking data was lost.
GRAPHIC-Flight path of Ethiopian Airlines flight 302
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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China and Indonesia grounded their fleets of 737 MAX 8 aircraft earlier on Monday, citing safety concerns, contributing to a drop in Boeing Co shares that wiped billions of dollars off the market value of the world's biggest plane maker. Noting that the accidents involving newly delivered planes had both taken place shortly after take-off, the Civil Aviation Administration of China said it would notify airlines when they could resume flying the jets, after contacting Boeing and the FAA. At the crash site, villagers watched men in Red Cross jackets and masks picked through a large crater, stacking clothes in a heap and wrapping corpses in white body bags.
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By Aaron Maasho, Duncan Miriri and David Shepardson GARA-BOKKA, Ethiopia/WASHINGTON, March 11 () - The United States told airlines it was safe to fly 737 MAX 8 planes on Monday as investigators found two black box recorders that will help piece together the final moments of an Ethiopian Airlines jet before it plunged to the ground on Sunday. Major airlines from North America to the Middle East kept flying the MAX on Monday, though Gol in Brazil joined other smaller carriers in temporarily suspending MAX 8 flights and Argentina'sAssociation of Airline Pilots ordered its members not to fly the MAX series. "Until the cause of the crash is known and it's clear that similar risks aren't present in the domestic fleet, I believe all Boeing 737 Max 8 series aircraft operating in the United States should be temporarily grounded," Feinstein wrote.
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By Aaron Maasho, Duncan Miriri and David Shepardson GARA-BOKKA, Ethiopia/WASHINGTON, March 11 () - The United States told airlines it was safe to fly 737 MAX 8 planes on Monday as investigators found two black box recorders that will help piece together the final moments of an Ethiopian Airlines jet before it plunged to the ground on Sunday. Major airlines from North America to the Middle East kept flying the MAX on Monday, though Gol in Brazil joined other smaller carriers in temporarily suspending MAX 8 flights and Argentina'sAssociation of Airline Pilots ordered its members not to fly the MAX series. Southwest Airlines Co, which operates the largest fleet of 737 MAX 8s, said it remained confident in the safety of all its Boeing planes even as it received a rush of queries from customers wanting to know if they were booked to fly on a 737 MAX 8.
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Southwest Airlines Co, which operates the largest fleet of 737 MAX 8s, said it remained confident in the safety of all its Boeing planes even as it received a rush of queries from customers wanting to know if they were booked to fly on a 737 MAX 8. The insured value of the plane itself was likely around $50 million. Ethiopian Airlines, which has four other 737 MAX 8 jets, said it was grounding them as a precaution.
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9362172d-2980-4949-bca4-4c422643a6c4
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6605.0
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2019-03-11 00:00:00 UTC
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Boeing shares, vanguard of the Dow, hit hard after second 737 MAX crash
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AAL
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https://www.nasdaq.com/articles/boeing-shares-vanguard-dow-hit-hard-after-second-737-max-crash-2019-03-11
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nan
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nan
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By Sanjana Shivdas
March 11 () - Boeing Co shares tumbled more than 5 percent on Monday after China, Indonesia and Ethiopia ordered airlines to ground the aircraft maker's best-selling line of jets after the second deadly crash of one of the planes in just five months.
While the slide lopped off $12.7 billion in the market value of one of the 10-year bull market's powerhouse stocks, the one-day loss was far more limited by the closing bell than earlier in the session as some investors bet long-term risks were limited.
"Despite the immense tragedy we think the company will fix what we believe is largely a software and training issue," said Nancy Tengler, chief investment strategist at Tengler Wealth Management, which counts Boeing among its largest holdings.
The volatility followed Sunday's crash of a Nairobi-bound Boeing 737 MAX 8 operated by Ethiopian Airlines just minutes after takeoff from the country's capital Addis Ababa, killing all 157 on board. The same model, flown by Lion Air, crashed off the coast of Indonesia in October, killing all 189 on board.
The single-aisle 737, the world's most-sold commercial aircraft, is central to Boeing's future. The MAX line is the fastest-selling jetliner in the company's history with more than 5,000 orders booked and a backlog valued at nearly $500 billion at list prices.
The 5.3 percent drop in share price on Monday wiped nearly $13 billion off Boeing's market value - an abrupt reversal for a stock that had been the runaway top performer so far this year on the Dow Jones Industrial Average.
With a stock price of about $400 a share, it was by far the largest drag on the price-weighted, blue-chip index on Monday, shaving more than 150 points off the Dow's advance.
It was unclear whether the accident would pose a long-term risk to a stock that has delivered the richest total return among the 30 stocks in the Dow over the 10 years of the current bull market.
Since U.S. stocks began rebounding from the 2007-09 financial crisis in March 2009, Boeing shares have delivered a total return - including reinvested dividends - of nearly 1,600 percent, or four times the performance of the full index.
Boeing's shares shed 12 percent in the weeks following the Lion Air crash last year, but have since more than recouped those declines.
In an email seen by , Boeing's chief executive told employees on Monday he was confident in the safety of the U.S. manufacturer's 737 MAX aircraft in the wake of two deadly crashes since October.
Wall Street has been overwhelmingly bullish on Boeing - 19 of the 24 brokerages covering the stock rate it "buy" or higher, while five have a "hold" rating. No brokerage has had a sell rating on the stock since July 2017.
Even with Monday's drop, it remained the Dow's best performer so far this year with a gain of 24 percent compared with 10 percent for the full index.
BUYING OPPORTUNITY
Morgan Stanley analyst Rajeev Lalwani said there would be concerns about safety, production, groundings and costs, but that those should all be manageable longer term.
He said the bank's positive "overweight" recommendation on Boeing shares was not changing, and that any corrective action the jetmaker has to take on its best-selling passenger plane will likely prove a longer-term buying opportunity.
Investigators have found the black box from the fatal crash with both the cockpit voice recorder and digital flight data, Ethiopian state TV reported on Monday, which should shed light on the cause of the crash.
Earlier in the day, China's aviation regulator grounded nearly 100 Boeing 737 MAX 8 aircraft operated by its airlines after the crash.
Shares of Dallas-based Southwest Airlines Co - the biggest operator of the MAX 8 - fell 0.3 percent, while American Airlines Group Inc, which has 24 MAX 8 jets, gained 0.4 percent.
Southwest and American said overnight they remained fully confident in the aircraft and were closely monitoring the investigation.
The 737 MAX 8 uses LEAP-1B engines made by CFM International, a joint venture of General Electric Co and Safran SA. Safran shares fell 1.7 percent on Monday, but GE rose 3.3 percent.
Boeing delivered 806 aircraft last year, missing its target by four jets, but still retaining the title of the world's biggest planemaker for the seventh straight year. European rival Airbus SE delivered 800 planes in 2018.
Shares of Boeing's European rival Airbus rose 1.3 percent in Paris.
writing by Dan Burns; editing by Saumyadeb Chakrabarty and Patrick Graham)
The views and 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 Sanjana Shivdas March 11 () - Boeing Co shares tumbled more than 5 percent on Monday after China, Indonesia and Ethiopia ordered airlines to ground the aircraft maker's best-selling line of jets after the second deadly crash of one of the planes in just five months. The 5.3 percent drop in share price on Monday wiped nearly $13 billion off Boeing's market value - an abrupt reversal for a stock that had been the runaway top performer so far this year on the Dow Jones Industrial Average. Since U.S. stocks began rebounding from the 2007-09 financial crisis in March 2009, Boeing shares have delivered a total return - including reinvested dividends - of nearly 1,600 percent, or four times the performance of the full index.
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By Sanjana Shivdas March 11 () - Boeing Co shares tumbled more than 5 percent on Monday after China, Indonesia and Ethiopia ordered airlines to ground the aircraft maker's best-selling line of jets after the second deadly crash of one of the planes in just five months. Shares of Dallas-based Southwest Airlines Co - the biggest operator of the MAX 8 - fell 0.3 percent, while American Airlines Group Inc, which has 24 MAX 8 jets, gained 0.4 percent. Shares of Boeing's European rival Airbus rose 1.3 percent in Paris.
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By Sanjana Shivdas March 11 () - Boeing Co shares tumbled more than 5 percent on Monday after China, Indonesia and Ethiopia ordered airlines to ground the aircraft maker's best-selling line of jets after the second deadly crash of one of the planes in just five months. The 5.3 percent drop in share price on Monday wiped nearly $13 billion off Boeing's market value - an abrupt reversal for a stock that had been the runaway top performer so far this year on the Dow Jones Industrial Average. Shares of Dallas-based Southwest Airlines Co - the biggest operator of the MAX 8 - fell 0.3 percent, while American Airlines Group Inc, which has 24 MAX 8 jets, gained 0.4 percent.
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By Sanjana Shivdas March 11 () - Boeing Co shares tumbled more than 5 percent on Monday after China, Indonesia and Ethiopia ordered airlines to ground the aircraft maker's best-selling line of jets after the second deadly crash of one of the planes in just five months. Even with Monday's drop, it remained the Dow's best performer so far this year with a gain of 24 percent compared with 10 percent for the full index. Shares of Dallas-based Southwest Airlines Co - the biggest operator of the MAX 8 - fell 0.3 percent, while American Airlines Group Inc, which has 24 MAX 8 jets, gained 0.4 percent.
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84683290-eba5-46e6-9975-6be9fbe6f577
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6606.0
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2019-03-11 00:00:00 UTC
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China, Indonesia ground Boeing 737 MAX 8 fleets after Ethiopia crash
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AAL
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https://www.nasdaq.com/articles/china-indonesia-ground-boeing-737-max-8-fleets-after-ethiopia-crash-2019-03-11
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nan
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nan
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By Aaron Maasho and Duncan Miriri
GARA-BOKKA, Ethiopia, March 11 () - Investigators in Ethiopia found two black box recorders on Monday that will help piece together the final moments of an Ethiopian Airlines plane before it plunged, trailing smoke and debris, and crashed killing 157 people.
China and Indonesia grounded their fleets of Boeing's 737 MAX 8 aircraft on Monday, although most major airlines continued to fly the plane.
The Ethiopian Airlines 737 MAX 8 plunged into farmland minutes after take-off from Addis Ababa for Nairobi on Sunday.
"The plane was very close to the ground and it made a turn. We looked and saw papers falling off the plane," Malka Galato, the farmer whose land the plane crashed on, told .
"Cows that were grazing in the fields ran in panic ... There was smoke and sparks coming from the back of the plane."
The plane tried to climb but failed, then swerved sharply trailing white smoke and objects including clothes before crashing, said farmer Tamirat Abera.
The victims came from more than 30 countries, and the United Nations said they included 21 members of its staff. The UN had earlier said 22 of its staff were on board.
Investigators seeking to find the cause of the crash discovered the black box with both the cockpit voice recorder and digital flight data on Monday, Ethiopian state TV said.
Boeing's share price dropped 10 percent in early trading on Monday at the prospect that two such crashes in such a short time could reveal flaws in its new plane.
The 737 line, which has flown for more than 50 years, is the world's best selling modern passenger aircraft and viewed as one of the industry's most reliable.
The new MAX 8 variant, with bigger engines designed to use less fuel, entered service in 2017. By the end of January this year, Boeing had delivered 350 of the new jets to customers, with another 4,661 on order, and they could become the workhorses for airlines around the globe for decades.
Boeing's stock price fall, if maintained through normal trading hours, would be its biggest in nearly two decades, halting a surge that has seen it triple in value in just over three years to a record high of $446 last week.
INTERNATIONAL ALERT
Various worried nations took swift action after the crash.
Ethiopian Airlines, which has four other 737 MAX 8 jets, said it was grounding them as a precaution. China also ordered its airlines to suspend their 737 MAX 8 jets by 6 p.m.
Noting that the accidents involving newly delivered planes had both taken place shortly after take-off, the Civil Aviation Administration of China (CAAC) said it would notify airlines when they could resume flying the jets, after contacting Boeing and the U.S. Federal Aviation Administration (FAA).
China has been asserting its independence as a safety regulator as it negotiates mutual safety standard recognition with regulators in the United States and Europe, Western industry sources say.
The crash may scupper a potential commitment by China to buy more Boeing-made aircraft as part of a deal being negotiated to end a months-long trade war between China and the United States.
Indonesia, where a Lion Air 737 MAX 8 went down in October, said it would temporarily ground the model for inspection.
Cayman Airways grounded both of its new 737 MAX 8 jets temporarily, while India announced a safety review. South Africa'sComair also grounded its 737 MAX 8.
MOURNING
At the crash site, local villagers watched men in Red Cross jackets and masks picked through a large crater, stacking clothes in a heap and wrapping corpses in white body bags.
The smell of jet fuel mixed with burned flesh hung in the air. Another heap contained twisted green-and-yellow metal from the fuselage. A lone engine with dents around the edges and several damaged tyres lay nearby.
The dead included aid workers, doctors, professors of literature and botany, a law student, a newly wed woman, a father soon expecting a child, and a couple who just had a baby.
In Nairobi, a major hub for aid workers and diplomats, a summit opened with a moment of silence and tears for the U.N. members killed. In New York, the 15-member U.N. Security Council also stood to remember the dead.
"Our colleagues were women and men - junior professionals and seasoned officials - hailing from all corners of the globe," U.N. Secretary-General Antonio Guterres said. "They all had one thing in common - a spirit to serve the people of the world."
Ethiopian Airlines said its pilot Yared Getachew, a dual Ethiopian-Kenyan national, had a "commendable record" and more than 8,000 hours of flying experience.
The airplane, received in November 2018, had flown more than 1,200 hours, and it had returned from Johannesburg earlier on Sunday, Chief Executive Tewolde GebreMariam said.
The flight had unstable vertical speed after take-off, the flight tracking website Flightradar24 tweeted. The Sweden-based service said the jet climbed almost 1,000 feet after taking off from Addis Ababa, a hot and high-altitude airport whose thinner air requires extra effort from an aircraft's engines.
It dipped about 450 feet before rapidly climbing another 900 feet until the point where satellite tracking data was lost.
Graphic showing flight of Ethiopia Airlines flight 302
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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At the crash site, local villagers watched men in Red Cross jackets and masks picked through a large crater, stacking clothes in a heap and wrapping corpses in white body bags. The dead included aid workers, doctors, professors of literature and botany, a law student, a newly wed woman, a father soon expecting a child, and a couple who just had a baby. The Sweden-based service said the jet climbed almost 1,000 feet after taking off from Addis Ababa, a hot and high-altitude airport whose thinner air requires extra effort from an aircraft's engines.
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By Aaron Maasho and Duncan Miriri GARA-BOKKA, Ethiopia, March 11 () - Investigators in Ethiopia found two black box recorders on Monday that will help piece together the final moments of an Ethiopian Airlines plane before it plunged, trailing smoke and debris, and crashed killing 157 people. China and Indonesia grounded their fleets of Boeing's 737 MAX 8 aircraft on Monday, although most major airlines continued to fly the plane. The plane tried to climb but failed, then swerved sharply trailing white smoke and objects including clothes before crashing, said farmer Tamirat Abera.
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By Aaron Maasho and Duncan Miriri GARA-BOKKA, Ethiopia, March 11 () - Investigators in Ethiopia found two black box recorders on Monday that will help piece together the final moments of an Ethiopian Airlines plane before it plunged, trailing smoke and debris, and crashed killing 157 people. China and Indonesia grounded their fleets of Boeing's 737 MAX 8 aircraft on Monday, although most major airlines continued to fly the plane. Noting that the accidents involving newly delivered planes had both taken place shortly after take-off, the Civil Aviation Administration of China (CAAC) said it would notify airlines when they could resume flying the jets, after contacting Boeing and the U.S. Federal Aviation Administration (FAA).
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China and Indonesia grounded their fleets of Boeing's 737 MAX 8 aircraft on Monday, although most major airlines continued to fly the plane. The plane tried to climb but failed, then swerved sharply trailing white smoke and objects including clothes before crashing, said farmer Tamirat Abera. Ethiopian Airlines, which has four other 737 MAX 8 jets, said it was grounding them as a precaution.
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bb13c418-9e3b-470a-8ca2-7b7c788a2b49
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6607.0
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2019-03-11 00:00:00 UTC
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Boeing shares, vanguard of the Dow, crushed after second 737 MAX crash
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AAL
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https://www.nasdaq.com/articles/boeing-shares-vanguard-dow-crushed-after-second-737-max-crash-2019-03-11
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By Sanjana Shivdas
March 11 () - Boeing Co shares tumbled more than 5 percent on Monday after China, Indonesia and Ethiopia ordered airlines to ground the aircraft maker's best-selling line of jets after the second deadly crash of one of the planes in just five months.
While the slide lopped off $12.7 billion in the market value of one of the 10-year bull market's powerhouse stocks, the one-day loss was far more limited by the closing bell than earlier in the session as some investors bet long-term risks were limited.
"Despite the immense tragedy we think the company will fix what we believe is largely a software and training issue," said Nancy Tengler, chief investment strategist at Tengler Wealth Management, which counts Boeing among its largest holdings.
The volatility followed Sunday's crash of a Nairobi-bound Boeing 737 MAX 8 operated by Ethiopian Airlines just minutes after takeoff from the country's capital Addis Ababa, killing all 157 on board. The same model, flown by Lion Air, crashed off the coast of Indonesia in October, killing all 189 on board.
The single-aisle 737, the world's most-sold commercial aircraft, is central to Boeing's future. The MAX line is the fastest-selling jetliner in the company's history with more than 5,000 orders booked and a backlog valued at nearly $500 billion at list prices.
The 5.3 percent drop in share price on Monday wiped nearly $13 billion off Boeing's market value - an abrupt reversal for a stock that had been the runaway top performer so far this year on the Dow Jones Industrial Average.
With a stock price of about $400 a share, it was by far the largest drag on the price-weighted, blue-chip index on Monday, shaving more than 150 points off the Dow's advance.
It was unclear whether the accident would pose a long-term risk to a stock that has delivered the richest total return among the 30 stocks in the Dow over the 10 years of the current bull market.
Since U.S. stocks began rebounding from the 2007-09 financial crisis in March 2009, Boeing shares have delivered a total return - including reinvested dividends - of nearly 1,600 percent, or four times the performance of the full index.
Boeing's shares shed 12 percent in the weeks following the Lion Air crash last year, but have since more than recouped those declines.
In an email seen by , Boeing's chief executive told employees on Monday he was confident in the safety of the U.S. manufacturer's 737 MAX aircraft in the wake of two deadly crashes since October.
Wall Street has been overwhelmingly bullish on Boeing - 19 of the 24 brokerages covering the stock rate it "buy" or higher, while five have a "hold" rating. No brokerage has had a sell rating on the stock since July 2017.
Even with Monday's drop, it remained the Dow's best performer so far this year with a gain of 24 percent compared with 10 percent for the full index.
BUYING OPPORTUNITY
Morgan Stanley analyst Rajeev Lalwani said there would be concerns about safety, production, groundings and costs, but that those should all be manageable longer term.
He said the bank's positive "overweight" recommendation on Boeing shares was not changing, and that any corrective action the jetmaker has to take on its best-selling passenger plane will likely prove a longer-term buying opportunity.
Investigators have found the black box from the fatal crash with both the cockpit voice recorder and digital flight data, Ethiopian state TV reported on Monday, which should shed light on the cause of the crash.
Earlier in the day, China's aviation regulator grounded nearly 100 Boeing 737 MAX 8 aircraft operated by its airlines after the crash.
Shares of Dallas-based Southwest Airlines Co - the biggest operator of the MAX 8 - fell 0.3 percent, while American Airlines Group Inc, which has 24 MAX 8 jets, gained 0.4 percent.
Southwest and American said overnight they remained fully confident in the aircraft and were closely monitoring the investigation.
The 737 MAX 8 uses LEAP-1B engines made by CFM International, a joint venture of General Electric Co and Safran SA. Safran shares fell 1.7 percent on Monday, but GE rose 3.3 percent.
Boeing delivered 806 aircraft last year, missing its target by four jets, but still retaining the title of the world's biggest planemaker for the seventh straight year. European rival Airbus SE delivered 800 planes in 2018.
Shares of Boeing's European rival Airbus rose 1.3 percent in Paris.
writing by Dan Burns; editing by Saumyadeb Chakrabarty and Patrick Graham)
The views and 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 Sanjana Shivdas March 11 () - Boeing Co shares tumbled more than 5 percent on Monday after China, Indonesia and Ethiopia ordered airlines to ground the aircraft maker's best-selling line of jets after the second deadly crash of one of the planes in just five months. The 5.3 percent drop in share price on Monday wiped nearly $13 billion off Boeing's market value - an abrupt reversal for a stock that had been the runaway top performer so far this year on the Dow Jones Industrial Average. Since U.S. stocks began rebounding from the 2007-09 financial crisis in March 2009, Boeing shares have delivered a total return - including reinvested dividends - of nearly 1,600 percent, or four times the performance of the full index.
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By Sanjana Shivdas March 11 () - Boeing Co shares tumbled more than 5 percent on Monday after China, Indonesia and Ethiopia ordered airlines to ground the aircraft maker's best-selling line of jets after the second deadly crash of one of the planes in just five months. Shares of Dallas-based Southwest Airlines Co - the biggest operator of the MAX 8 - fell 0.3 percent, while American Airlines Group Inc, which has 24 MAX 8 jets, gained 0.4 percent. Shares of Boeing's European rival Airbus rose 1.3 percent in Paris.
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By Sanjana Shivdas March 11 () - Boeing Co shares tumbled more than 5 percent on Monday after China, Indonesia and Ethiopia ordered airlines to ground the aircraft maker's best-selling line of jets after the second deadly crash of one of the planes in just five months. The 5.3 percent drop in share price on Monday wiped nearly $13 billion off Boeing's market value - an abrupt reversal for a stock that had been the runaway top performer so far this year on the Dow Jones Industrial Average. Shares of Dallas-based Southwest Airlines Co - the biggest operator of the MAX 8 - fell 0.3 percent, while American Airlines Group Inc, which has 24 MAX 8 jets, gained 0.4 percent.
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By Sanjana Shivdas March 11 () - Boeing Co shares tumbled more than 5 percent on Monday after China, Indonesia and Ethiopia ordered airlines to ground the aircraft maker's best-selling line of jets after the second deadly crash of one of the planes in just five months. Even with Monday's drop, it remained the Dow's best performer so far this year with a gain of 24 percent compared with 10 percent for the full index. Shares of Dallas-based Southwest Airlines Co - the biggest operator of the MAX 8 - fell 0.3 percent, while American Airlines Group Inc, which has 24 MAX 8 jets, gained 0.4 percent.
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7e820597-afdb-406b-b43f-b726ef9aa4d7
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6608.0
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2019-03-11 00:00:00 UTC
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U.S. says 737 MAX safe to fly after Ethiopia crash, Boeing shares dip
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AAL
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https://www.nasdaq.com/articles/us-says-737-max-safe-fly-after-ethiopia-crash-boeing-shares-dip-2019-03-11-0
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By Aaron Maasho, Duncan Miriri and David Shepardson
GARA-BOKKA, Ethiopia/WASHINGTON, March 11 () - The United States told airlines it was safe to fly 737 MAX 8 planes on Monday as investigators found two black box recorders that will help piece together the final moments of an Ethiopian Airlines jet before it plunged to the ground on Sunday.
China and Indonesia grounded their fleets of 737 MAX 8 aircraft earlier on Monday, citing safety concerns, contributing to a drop in Boeing Co shares that wiped billions of dollars off the market value of the world's biggest plane maker.
Late on Monday, the U.S. Federal Aviation Administration (FAA) issued a "continued airworthiness notification" to assure operators of the plane that it was safe to fly. It said it was collecting data on the crash and keeping in contact with international civil aviation authorities and would take immediate action if it identified any safety issues.
The FAA also publicly detailed for the first time a series of design changes and training requirements mandated from Boeing on the MAX fleet after a jet of the same model came down in Indonesia in October and killed 189 people.
"This is welcome information on the enhancements to address shortfalls that our pilots noted after Lion Air, which is a silver lining," said Dennis Tajer, a spokesman for the American Airlines pilot union and a 737 pilot.
Major airlines from North America to the Middle East kept flying the MAX on Monday, though Gol in Brazil joined other smaller carriers in temporarily suspending MAX 8 flights and Argentina'sAssociation of Airline Pilots ordered its members not to fly the MAX series.
Democratic U.S. Senator Dianne Feinstein urged the FAA to ground Boeing's 737 MAX 8 fleet.
"Until the cause of the crash is known and it's clear that similar risks aren't present in the domestic fleet, I believe all Boeing 737 Max 8 series aircraft operating in the United States should be temporarily grounded," Feinstein wrote.
Southwest Airlines Co, which operates the largest fleet of 737 MAX 8s, said it remained confident in the safety of all its Boeing planes even as it received a rush of queries from customers wanting to know if they were booked to fly on a 737 MAX 8.
"Our customer relations team is responding to these customers individually, emphasizing our friendly, no-change fee policy," the No. 4 U.S. airline said in a statement.
BIG CLAIMS
The discovery of black box recorders means the cause of the crash may be quickly understood, as long as recordings are not damaged, although it typically takes a year for a full detailed investigation to be completed.
Boeing Chief Executive Dennis Muilenburg said he was confident in the safety of the 737 MAX in an email to employees which was seen by .
The planemaker, the airline and its insurers face big claims after the crash, industry sources said. The insured value of the plane itself was likely around $50 million.
On top of that, Boeing may face lawsuits from victims' families in the United States, where legal compensation payments for people killed in plane crashes could run around $2 million to $3 million per person, depending on the law applied, compared to about $200,000 in Ethiopia, according to Justin Green, a New York-based aviation lawyer who has represented families in cases against Boeing.
Boeing declined to comment on its insurance cover.
The company's share price briefly had its biggest one-day drop since the attacks of Sep. 11, 2001, falling as much as 13.5 percent early on Monday on fears that two crashes in such a short time could reveal flaws in the new plane.
Some investors saw that dip as an opportunity to buy Boeing shares, which have tripled in value over the past three years, sparking a recovery. The shares closed down 5.3 percent at $400.01.
'SMOKE AND SPARKS'
The Ethiopian Airlines 737 MAX 8 plunged into farmland minutes after take-off from Addis Ababa for Nairobi.
"The plane was very close to the ground and it made a turn. We looked and saw papers falling off the plane," Malka Galato, the farmer whose land the plane crashed on, told .
"Cows that were grazing in the fields ran in panic ... There was smoke and sparks coming from the back of the plane."
The plane tried to climb but failed, then swerved sharply trailing white smoke and objects including clothes before crashing, said farmer Tamirat Abera.
The victims came from more than 30 countries, and the United Nations said they included 21 members of its staff. The world body had earlier said 22 of its staff were on board.
The 737 line, which has flown for more than 50 years, is the world's best-selling modern passenger aircraft and viewed as one of the industry's most reliable.
The new MAX 8 variant, with bigger engines designed to use less fuel, entered service in 2017. By the end of January this year, Boeing had delivered 350 of the new jets to customers, with another 4,661 on order, and they could become the workhorses for airlines around the globe for decades.
Various worried nations took swift action after the crash.
Ethiopian Airlines, which has four other 737 MAX 8 jets, said it was grounding them as a precaution. China also ordered its airlines to suspend their 737 MAX 8 jets.
Noting that the accidents involving newly delivered planes had both taken place shortly after take-off, the Civil Aviation Administration of China said it would notify airlines when they could resume flying the jets, after contacting Boeing and the FAA.
China has been asserting its independence as a safety regulator as it negotiates mutual safety standard recognition with regulators in the United States and Europe, Western industry sources say.
The crash may scupper a potential commitment by China to buy more Boeing-made aircraft as part of a deal being negotiated to end a months-long trade war between China and the United States.
Indonesia, where a Lion Air 737 MAX 8 went down in October, said it would temporarily ground the model for inspection.
MOURNING
At the crash site, villagers watched men in Red Cross jackets and masks picked through a large crater, stacking clothes in a heap and wrapping corpses in white body bags.
The smell of jet fuel mixed with burned flesh hung in the air. Another heap contained twisted green-and-yellow metal from the fuselage. A lone engine with dents around the edges and several damaged tyres lay nearby.
The dead included aid workers, doctors, professors of literature and botany, a law student, a newly wed woman, a father soon expecting a child, and a couple who just had a baby.
In Nairobi, a major hub for aid workers and diplomats, a summit opened with a moment of silence and tears for the U.N. members killed. In New York, the 15-member U.N. Security Council also stood to remember the dead.
Ethiopian Airlines said its pilot Yared Getachew, a dual Ethiopian-Kenyan national, had a "commendable record" and more than 8,000 hours of flying experience.
The airplane, received in November 2018, had flown more than 1,200 hours, and it had returned from Johannesburg earlier on Sunday, Chief Executive Tewolde GebreMariam said.
The flight had unstable vertical speed after take-off, the flight tracking website Flightradar24 tweeted. The Sweden-based service said the jet climbed almost 1,000 feet (305 m) after taking off from Addis Ababa, a hot and high-altitude airport whose thinner air requires extra effort from an aircraft's engines.
It dipped about 450 feet before rapidly climbing another 900 feet until the point where satellite tracking data was lost.
GRAPHIC-Flight path of Ethiopian Airlines flight 302
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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China and Indonesia grounded their fleets of 737 MAX 8 aircraft earlier on Monday, citing safety concerns, contributing to a drop in Boeing Co shares that wiped billions of dollars off the market value of the world's biggest plane maker. Noting that the accidents involving newly delivered planes had both taken place shortly after take-off, the Civil Aviation Administration of China said it would notify airlines when they could resume flying the jets, after contacting Boeing and the FAA. At the crash site, villagers watched men in Red Cross jackets and masks picked through a large crater, stacking clothes in a heap and wrapping corpses in white body bags.
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By Aaron Maasho, Duncan Miriri and David Shepardson GARA-BOKKA, Ethiopia/WASHINGTON, March 11 () - The United States told airlines it was safe to fly 737 MAX 8 planes on Monday as investigators found two black box recorders that will help piece together the final moments of an Ethiopian Airlines jet before it plunged to the ground on Sunday. Major airlines from North America to the Middle East kept flying the MAX on Monday, though Gol in Brazil joined other smaller carriers in temporarily suspending MAX 8 flights and Argentina'sAssociation of Airline Pilots ordered its members not to fly the MAX series. "Until the cause of the crash is known and it's clear that similar risks aren't present in the domestic fleet, I believe all Boeing 737 Max 8 series aircraft operating in the United States should be temporarily grounded," Feinstein wrote.
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By Aaron Maasho, Duncan Miriri and David Shepardson GARA-BOKKA, Ethiopia/WASHINGTON, March 11 () - The United States told airlines it was safe to fly 737 MAX 8 planes on Monday as investigators found two black box recorders that will help piece together the final moments of an Ethiopian Airlines jet before it plunged to the ground on Sunday. Major airlines from North America to the Middle East kept flying the MAX on Monday, though Gol in Brazil joined other smaller carriers in temporarily suspending MAX 8 flights and Argentina'sAssociation of Airline Pilots ordered its members not to fly the MAX series. Southwest Airlines Co, which operates the largest fleet of 737 MAX 8s, said it remained confident in the safety of all its Boeing planes even as it received a rush of queries from customers wanting to know if they were booked to fly on a 737 MAX 8.
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Southwest Airlines Co, which operates the largest fleet of 737 MAX 8s, said it remained confident in the safety of all its Boeing planes even as it received a rush of queries from customers wanting to know if they were booked to fly on a 737 MAX 8. The insured value of the plane itself was likely around $50 million. Ethiopian Airlines, which has four other 737 MAX 8 jets, said it was grounding them as a precaution.
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c081f2cf-2737-4ba8-bf71-1b0e7bf3eb16
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6609.0
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2019-03-11 00:00:00 UTC
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Boeing shares down 11 pct after second 737 MAX crash
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AAL
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https://www.nasdaq.com/articles/boeing-shares-down-11-pct-after-second-737-max-crash-2019-03-11
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By Sanjana Shivdas
March 11 () - Boeing Co shares tumbled more than 5 percent on Monday after China, Indonesia and Ethiopia ordered airlines to ground the aircraft maker's best-selling line of jets after the second deadly crash of one of the planes in just five months.
While the slide lopped off $12.7 billion in the market value of one of the 10-year bull market's powerhouse stocks, the one-day loss was far more limited by the closing bell than earlier in the session as some investors bet long-term risks were limited.
"Despite the immense tragedy we think the company will fix what we believe is largely a software and training issue," said Nancy Tengler, chief investment strategist at Tengler Wealth Management, which counts Boeing among its largest holdings.
The volatility followed Sunday's crash of a Nairobi-bound Boeing 737 MAX 8 operated by Ethiopian Airlines just minutes after takeoff from the country's capital Addis Ababa, killing all 157 on board. The same model, flown by Lion Air, crashed off the coast of Indonesia in October, killing all 189 on board.
The single-aisle 737, the world's most-sold commercial aircraft, is central to Boeing's future. The MAX line is the fastest-selling jetliner in the company's history with more than 5,000 orders booked and a backlog valued at nearly $500 billion at list prices.
The 5.3 percent drop in share price on Monday wiped nearly $13 billion off Boeing's market value - an abrupt reversal for a stock that had been the runaway top performer so far this year on the Dow Jones Industrial Average.
With a stock price of about $400 a share, it was by far the largest drag on the price-weighted, blue-chip index on Monday, shaving more than 150 points off the Dow's advance.
It was unclear whether the accident would pose a long-term risk to a stock that has delivered the richest total return among the 30 stocks in the Dow over the 10 years of the current bull market.
Since U.S. stocks began rebounding from the 2007-09 financial crisis in March 2009, Boeing shares have delivered a total return - including reinvested dividends - of nearly 1,600 percent, or four times the performance of the full index.
Boeing's shares shed 12 percent in the weeks following the Lion Air crash last year, but have since more than recouped those declines.
In an email seen by , Boeing's chief executive told employees on Monday he was confident in the safety of the U.S. manufacturer's 737 MAX aircraft in the wake of two deadly crashes since October.
Wall Street has been overwhelmingly bullish on Boeing - 19 of the 24 brokerages covering the stock rate it "buy" or higher, while five have a "hold" rating. No brokerage has had a sell rating on the stock since July 2017.
Even with Monday's drop, it remained the Dow's best performer so far this year with a gain of 24 percent compared with 10 percent for the full index.
BUYING OPPORTUNITY
Morgan Stanley analyst Rajeev Lalwani said there would be concerns about safety, production, groundings and costs, but that those should all be manageable longer term.
He said the bank's positive "overweight" recommendation on Boeing shares was not changing, and that any corrective action the jetmaker has to take on its best-selling passenger plane will likely prove a longer-term buying opportunity.
Investigators have found the black box from the fatal crash with both the cockpit voice recorder and digital flight data, Ethiopian state TV reported on Monday, which should shed light on the cause of the crash.
Earlier in the day, China's aviation regulator grounded nearly 100 Boeing 737 MAX 8 aircraft operated by its airlines after the crash.
Shares of Dallas-based Southwest Airlines Co - the biggest operator of the MAX 8 - fell 0.3 percent, while American Airlines Group Inc, which has 24 MAX 8 jets, gained 0.4 percent.
Southwest and American said overnight they remained fully confident in the aircraft and were closely monitoring the investigation.
The 737 MAX 8 uses LEAP-1B engines made by CFM International, a joint venture of General Electric Co and Safran SA. Safran shares fell 1.7 percent on Monday, but GE rose 3.3 percent.
Boeing delivered 806 aircraft last year, missing its target by four jets, but still retaining the title of the world's biggest planemaker for the seventh straight year. European rival Airbus SE delivered 800 planes in 2018.
Shares of Boeing's European rival Airbus rose 1.3 percent in Paris.
writing by Dan Burns; editing by Saumyadeb Chakrabarty and Patrick Graham)
The views and 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 Sanjana Shivdas March 11 () - Boeing Co shares tumbled more than 5 percent on Monday after China, Indonesia and Ethiopia ordered airlines to ground the aircraft maker's best-selling line of jets after the second deadly crash of one of the planes in just five months. The 5.3 percent drop in share price on Monday wiped nearly $13 billion off Boeing's market value - an abrupt reversal for a stock that had been the runaway top performer so far this year on the Dow Jones Industrial Average. Since U.S. stocks began rebounding from the 2007-09 financial crisis in March 2009, Boeing shares have delivered a total return - including reinvested dividends - of nearly 1,600 percent, or four times the performance of the full index.
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By Sanjana Shivdas March 11 () - Boeing Co shares tumbled more than 5 percent on Monday after China, Indonesia and Ethiopia ordered airlines to ground the aircraft maker's best-selling line of jets after the second deadly crash of one of the planes in just five months. Shares of Dallas-based Southwest Airlines Co - the biggest operator of the MAX 8 - fell 0.3 percent, while American Airlines Group Inc, which has 24 MAX 8 jets, gained 0.4 percent. Shares of Boeing's European rival Airbus rose 1.3 percent in Paris.
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By Sanjana Shivdas March 11 () - Boeing Co shares tumbled more than 5 percent on Monday after China, Indonesia and Ethiopia ordered airlines to ground the aircraft maker's best-selling line of jets after the second deadly crash of one of the planes in just five months. The 5.3 percent drop in share price on Monday wiped nearly $13 billion off Boeing's market value - an abrupt reversal for a stock that had been the runaway top performer so far this year on the Dow Jones Industrial Average. Shares of Dallas-based Southwest Airlines Co - the biggest operator of the MAX 8 - fell 0.3 percent, while American Airlines Group Inc, which has 24 MAX 8 jets, gained 0.4 percent.
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By Sanjana Shivdas March 11 () - Boeing Co shares tumbled more than 5 percent on Monday after China, Indonesia and Ethiopia ordered airlines to ground the aircraft maker's best-selling line of jets after the second deadly crash of one of the planes in just five months. Even with Monday's drop, it remained the Dow's best performer so far this year with a gain of 24 percent compared with 10 percent for the full index. Shares of Dallas-based Southwest Airlines Co - the biggest operator of the MAX 8 - fell 0.3 percent, while American Airlines Group Inc, which has 24 MAX 8 jets, gained 0.4 percent.
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2d1bc2f9-59da-46db-87e1-31c085dcc1fc
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6610.0
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2019-03-10 00:00:00 UTC
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Boeing's 737 MAX back in spotlight after second fatal crash
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https://www.nasdaq.com/articles/boeings-737-max-back-spotlight-after-second-fatal-crash-2019-03-10
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By Tracy Rucinski and David Shepardson
CHICAGO/WASHINGTONMarch 10 () - The latest version of Boeing Co's best-selling 737 family - a global industry workhorse - has again been thrust into the spotlight after a fatal crash in Ethiopia, months after a deadly crash involving an identical brand-new jet in Indonesia.
A Nairobi-bound Boeing 737 MAX 8 operated by Ethiopian Airlines crashed minutes after takeoff from Addis Adaba, killing all 157 on board. The same model flown by Lion Air crashed off the coast of Indonesia in October, killing all 189 on board.
Boeing did not respond to questions about the 737 MAX 8 on Sunday but said in a statement it would send a technical team to the crash site to provide assistance.
Boeing's shares lost 12 percent in the weeks following the Lion Air crash, but have more than recouped those declines, closing on Friday at $422.54, 18 percent higher than before the Oct. 29 incident in Indonesia.
Boeing's 737 MAX is the newest version of a jet that has been a fixture of passenger travel for decades and the cash cow of the world's largest aircraft maker, competing against Airbus SE's A320neo family of single-aisle jetliners.
The decades-old 737 family is considered one of the industry's most reliable aircraft.
Boeing rolled out the fuel-efficient MAX 8 in 2017 as an update to the already redesigned 50-year-old 737, and had delivered 350 MAX jets out of the total order tally of 5,011 aircraft by the end of January.
Former NTSB Chairman Mark Rosenker said the catastrophic crashes of two new airplanes soon after the 737 MAX 8 was introduced were "highly unusual" and both had broad similarities in that they went down soon after takeoff.
While it is unclear if there is a direct link, "this is now an extraordinary issue" for aviation safety officials to grapple with and will prompt a sweeping investigation to determine if there are common issues, Rosenker said.
Dallas-based Southwest Airlines Co is the biggest operator of the MAX 8, with 31 aircraft, followed by American Airlines Group Inc and Air Canada with 24 each.
Southwest and American said on Sunday they remained fully confident in the aircraft and were closely monitoring the investigation.
Aviation analyst Scott Hamilton cautioned against drawing comparisons between the two crashes, especially before the black box recorders are recovered. Ethiopian has a strong reputation and good safety record, he said in a blog post.
Still, the crash puts fresh pressure on Boeing just days before it had planned an event to debut another aircraft.
Late Sunday, Boeing said it would postpone the planned ceremonial debut of its 777x widebody aircraft that had been set for Wednesday in Seattle and was to be livestreamed.
The company said it is focused on "supporting" Ethiopian Airlines and "will look for an opportunity to mark the new plane with the world in the near future."
INVESTIGATION AND LITIGATION
Following the Lion Air crash, Boeing faced criticism from some U.S. pilot unions for not having detailed in its flight manual a change in the way that software on the MAX reacts in a stall compared with a previous version.
Boeing has insisted that cockpit procedures were already in place to deal with problems that the Lion Air jet experienced.
A preliminary report into the Lion Air crash focused on airline maintenance and training, as well as the technical response of the anti-stall system to a recently replaced sensor, but did not give a reason for the crash. Since then, the cockpit voice recorder was recovered and a final report is due later this year.
Boeing was expected to introduce a software patch to help address the scenario faced by the Lion Air crew in late March or April, government and industry officials told in recent weeks.
Boeing is already facing a string of lawsuits in the United States by families of the Lion Air crash victims, including five cases in U.S. federal court in Illinois where Boeing has its Chicago headquarters.
The 737 MAX 8 uses LEAP-1B engines made by CFM International, a joint venture of General Electric Co and Safran SA.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Boeing's 737 MAX is the newest version of a jet that has been a fixture of passenger travel for decades and the cash cow of the world's largest aircraft maker, competing against Airbus SE's A320neo family of single-aisle jetliners. Following the Lion Air crash, Boeing faced criticism from some U.S. pilot unions for not having detailed in its flight manual a change in the way that software on the MAX reacts in a stall compared with a previous version. Boeing was expected to introduce a software patch to help address the scenario faced by the Lion Air crew in late March or April, government and industry officials told in recent weeks.
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A Nairobi-bound Boeing 737 MAX 8 operated by Ethiopian Airlines crashed minutes after takeoff from Addis Adaba, killing all 157 on board. Following the Lion Air crash, Boeing faced criticism from some U.S. pilot unions for not having detailed in its flight manual a change in the way that software on the MAX reacts in a stall compared with a previous version. A preliminary report into the Lion Air crash focused on airline maintenance and training, as well as the technical response of the anti-stall system to a recently replaced sensor, but did not give a reason for the crash.
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By Tracy Rucinski and David Shepardson CHICAGO/WASHINGTONMarch 10 () - The latest version of Boeing Co's best-selling 737 family - a global industry workhorse - has again been thrust into the spotlight after a fatal crash in Ethiopia, months after a deadly crash involving an identical brand-new jet in Indonesia. Following the Lion Air crash, Boeing faced criticism from some U.S. pilot unions for not having detailed in its flight manual a change in the way that software on the MAX reacts in a stall compared with a previous version. Boeing is already facing a string of lawsuits in the United States by families of the Lion Air crash victims, including five cases in U.S. federal court in Illinois where Boeing has its Chicago headquarters.
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A Nairobi-bound Boeing 737 MAX 8 operated by Ethiopian Airlines crashed minutes after takeoff from Addis Adaba, killing all 157 on board. The same model flown by Lion Air crashed off the coast of Indonesia in October, killing all 189 on board. Dallas-based Southwest Airlines Co is the biggest operator of the MAX 8, with 31 aircraft, followed by American Airlines Group Inc and Air Canada with 24 each.
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3b1399b8-63d9-4206-a87c-c098050d3634
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6611.0
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2019-03-10 00:00:00 UTC
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Delta Air Lines stock could fly higher -Barron's
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https://www.nasdaq.com/articles/delta-air-lines-stock-could-fly-higher-barrons-2019-03-10
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March 10 () - Delta Air Lines Inc stock could jump into the mid-$60s per share from around $50 now if it can hit its earnings target of $6 to $7 a share this year, up from $5.65 in 2018, according to an analyst in a Barron's article on Sunday.
Atlanta-based Delta is "the leader in fare segmentation, international alliances, and technology, as well as maintenance and repair," Ross Margolies, who heads Stelliam Investment Management, said in the article.
The article noted rumors that Warren Buffett'sBerkshire Hathaway Inc could be interested in buying an airline, noting Berkshire already owned about 10 percent of each of the four major U.S. carriers: Delta, Southwest Airlines Co, United Continental Holdings inc, and American Airlines Group Inc.
Officials at Delta said the company did not have any comment on the Barron's article beyond Delta Chief Executive Ed Bastian's quotes in the story.
Bastian told Barron's that "investors want to see our margins expand." Delta aims to boost margins this year and increase earnings per share by 15 percent, he said.
As for the potential Berkshire Hathaway interest, Bastian said: "We're open for sale every day of the year. We think the future is bright and our valuation is cheap."
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Atlanta-based Delta is "the leader in fare segmentation, international alliances, and technology, as well as maintenance and repair," Ross Margolies, who heads Stelliam Investment Management, said in the article. The article noted rumors that Warren Buffett'sBerkshire Hathaway Inc could be interested in buying an airline, noting Berkshire already owned about 10 percent of each of the four major U.S. carriers: Delta, Southwest Airlines Co, United Continental Holdings inc, and American Airlines Group Inc. Officials at Delta said the company did not have any comment on the Barron's article beyond Delta Chief Executive Ed Bastian's quotes in the story. As for the potential Berkshire Hathaway interest, Bastian said: "We're open for sale every day of the year.
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The article noted rumors that Warren Buffett'sBerkshire Hathaway Inc could be interested in buying an airline, noting Berkshire already owned about 10 percent of each of the four major U.S. carriers: Delta, Southwest Airlines Co, United Continental Holdings inc, and American Airlines Group Inc. Officials at Delta said the company did not have any comment on the Barron's article beyond Delta Chief Executive Ed Bastian's quotes in the story. Delta aims to boost margins this year and increase earnings per share by 15 percent, he said. As for the potential Berkshire Hathaway interest, Bastian said: "We're open for sale every day of the year.
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March 10 () - Delta Air Lines Inc stock could jump into the mid-$60s per share from around $50 now if it can hit its earnings target of $6 to $7 a share this year, up from $5.65 in 2018, according to an analyst in a Barron's article on Sunday. The article noted rumors that Warren Buffett'sBerkshire Hathaway Inc could be interested in buying an airline, noting Berkshire already owned about 10 percent of each of the four major U.S. carriers: Delta, Southwest Airlines Co, United Continental Holdings inc, and American Airlines Group Inc. Officials at Delta said the company did not have any comment on the Barron's article beyond Delta Chief Executive Ed Bastian's quotes in the story. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Atlanta-based Delta is "the leader in fare segmentation, international alliances, and technology, as well as maintenance and repair," Ross Margolies, who heads Stelliam Investment Management, said in the article. The article noted rumors that Warren Buffett'sBerkshire Hathaway Inc could be interested in buying an airline, noting Berkshire already owned about 10 percent of each of the four major U.S. carriers: Delta, Southwest Airlines Co, United Continental Holdings inc, and American Airlines Group Inc. Officials at Delta said the company did not have any comment on the Barron's article beyond Delta Chief Executive Ed Bastian's quotes in the story. Delta aims to boost margins this year and increase earnings per share by 15 percent, he said.
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e974d979-688a-47b3-9ed1-e86a14388842
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6612.0
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2019-03-10 00:00:00 UTC
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Ethiopian Airlines flight crashes, killing 157
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https://www.nasdaq.com/articles/ethiopian-airlines-flight-crashes-killing-157-2019-03-10
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By Duncan Miriri, Maggie Fick and Aaron Maasho
NAIROBI/ADDIS ABABA, March 10 () - An Ethiopian Airlines passenger jet bound for Nairobi crashed minutes after take-off on Sunday, killing all 157 people on board and raising questions about the safety of the Boeing 737 MAX 8, a new model that also crashed in Indonesia in October.
Sunday's flight left Bole airport in Addis Ababa at 8:38 a.m. (0538 GMT), before losing contact with the control tower just a few minutes later at 8:44 a.m.
"The pilot mentioned that he had difficulties and that he wanted to return," Tewolde told a news conference.
Passengers from 33 countries were aboard, said Tewolde.
The dead included Kenyan, Ethiopian, American, Canadian, French, Chinese, Egyptian, Swedish, British, Dutch, Indian, Slovakian, Austrian, Swedish, Russian, Moroccan, Spanish, Polish, and Israeli citizens.
At least four worked for the United Nations, the airline said, and the U.N.'s World Food Program director confirmed his organisation had lost staff in the accident.
Weeping relatives begged for information at airports in Nairobi and Addis Ababa.
"We're just waiting for my mum. We're just hoping she took a different flight or was delayed. She's not picking up her phone," said Wendy Otieno, clutching her phone and weeping.
The aircraft, a 737 MAX 8, is the same model that crashed into the Java Sea shortly after take-off from Jakarta on Oct 29, killing all 189 people on board the Lion Air flight.
The cause of that crash is still under investigation.
A senior U.S. government official said it was too early to tell if there was any direct connection between the two accidents, but that reviewing the issue would be among the top priorities for investigators.
The 737 is the world's best selling modern passenger aircraft and is seen as one of the industry's most reliable.
A preliminary report into the October crash focused on airline maintenance and training and technical questions about the response of a Boeing anti-stall system to a recently replaced sensor.
Boeing is working on a software patch on the system, while insisting cockpit procedures were already in place to deal safely with problems the Lion Air crew experienced.
Ethiopian's new aircraft had no recorded technical problems and the pilot had an "excellent" flying record, Tewolde said.
"We received the airplane on November 15, 2018. It has flown more than 1,200 hours. It had flown from Johannesburg earlier this morning," he said.
"UNSTABLE SPEED"
Flight ET 302, registration number ET-AVJ, crashed near the town of Bishoftu, 62 km (38 miles) southeast of the capital Addis Ababa, with 149 passengers and eight crew aboard, the airline said.
The flight had unstable vertical speed after take off, the flight tracking website Flightradar24 tweeted.
Data released by the Sweden-based service suggested the aircraft had climbed almost 1,000 feet after taking off from Addis Ababa, a hot and high-altitude airport whose thinner air requires extra effort from an aircraft's engines.
It dipped about 450 feet before rapidly climbing another 900 feet until the point where satellite tracking data was lost.
The aircraft had shattered into many pieces and was severely burnt, a reporter at the scene of the crash said. Clothing and personal effects were scattered widely over the field where the plane came down.
There was no immediate indication of what caused the crash and safety experts said it was too early to speculate, adding most accidents are caused by a cocktail of factors.
They said investigators would examine the wreckage and bodies for any signs of burns or unusual forces and study the shape and size of the wreckage field. An urgent priority will be to find the two crash-protected cockpit recorders - one for data and the other for pilots' voice recordings.
Boeing said it was sending a technical team to help with the Ethiopian-led investigation.
ANGUISHED RELATIVES
At Nairobi airport, many relatives were left waiting at the gate for hours, with no information from airport authorities. Some learned of the crash from journalists.
Robert Mutanda, 46, was waiting for his brother-in-law, a Canadian citizen.
"No, we haven't seen anyone from the airline or the airport," he told at 1pm, more than three hours after the flight was lost. "Nobody has told us anything, we are just standing here hoping for the best."
Kenyan officials did not arrive at the airport until 1:30 p.m.
James Macharia, the cabinet secretary for transport, said he heard about the crash via Twitter.
Nineteen staff from at least five U.N. and affiliated organisations died, including the World Food Program, the U.N. refugee agency UNHCR, the International Telecommunications Union, the U.N. Environment Program, the World Bank and the International Organisation on Migration, the IOM said.
ETHIOPIAN AIRLINES
Under international rules, responsibility for leading the crash investigation lies with Ethiopia but the U.S. National Transportation Safety Board (NTSB) will also participate because the plane was designed and built in the United States.
Representatives of Boeing and Cincinnati-based engine-maker CFM International, a joint venture between General Electric and General Electric Co and France'sSafran SA, were expected to advise the NTSB.
Ethiopian is one of the biggest carriers on the continent by fleet size. The plane was among six of 30 Boeing 737 MAX 8 jets the rapidly expanding carrier has ordered.
The fleet will continue flying since the cause of the crash is not clear, the CEO said.
Its last major crash was in January 2010, when a flight from Beirut went down shortly after take-off, killing all 90 people onboard. The Lebanese blamed pilot error, which was disputed by the airline.
North American airlines that operate the 737 MAX 8 said they were monitoring the investigation. Southwest Airlines flies 31 MAX 8 jets while American Airlines and Air Canada each have 24 in their fleet. Southwest said it remained confident in the safety of its more than 750 Boeing jets.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Sunday's flight left Bole airport in Addis Ababa at 8:38 a.m. (0538 GMT), before losing contact with the control tower just a few minutes later at 8:44 a.m. "The pilot mentioned that he had difficulties and that he wanted to return," Tewolde told a news conference. Flight ET 302, registration number ET-AVJ, crashed near the town of Bishoftu, 62 km (38 miles) southeast of the capital Addis Ababa, with 149 passengers and eight crew aboard, the airline said. Under international rules, responsibility for leading the crash investigation lies with Ethiopia but the U.S. National Transportation Safety Board (NTSB) will also participate because the plane was designed and built in the United States.
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By Duncan Miriri, Maggie Fick and Aaron Maasho NAIROBI/ADDIS ABABA, March 10 () - An Ethiopian Airlines passenger jet bound for Nairobi crashed minutes after take-off on Sunday, killing all 157 people on board and raising questions about the safety of the Boeing 737 MAX 8, a new model that also crashed in Indonesia in October. At least four worked for the United Nations, the airline said, and the U.N.'s World Food Program director confirmed his organisation had lost staff in the accident. Southwest Airlines flies 31 MAX 8 jets while American Airlines and Air Canada each have 24 in their fleet.
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By Duncan Miriri, Maggie Fick and Aaron Maasho NAIROBI/ADDIS ABABA, March 10 () - An Ethiopian Airlines passenger jet bound for Nairobi crashed minutes after take-off on Sunday, killing all 157 people on board and raising questions about the safety of the Boeing 737 MAX 8, a new model that also crashed in Indonesia in October. The aircraft, a 737 MAX 8, is the same model that crashed into the Java Sea shortly after take-off from Jakarta on Oct 29, killing all 189 people on board the Lion Air flight. Flight ET 302, registration number ET-AVJ, crashed near the town of Bishoftu, 62 km (38 miles) southeast of the capital Addis Ababa, with 149 passengers and eight crew aboard, the airline said.
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The cause of that crash is still under investigation. "No, we haven't seen anyone from the airline or the airport," he told at 1pm, more than three hours after the flight was lost. Southwest Airlines flies 31 MAX 8 jets while American Airlines and Air Canada each have 24 in their fleet.
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2019-03-06 00:00:00 UTC
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Undercover Down Under: Miners study gum leaves, groundwater for new finds
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https://www.nasdaq.com/articles/undercover-down-under-miners-study-gum-leaves-groundwater-new-finds-2019-03-06
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By Melanie Burton
MELBOURNE, March 7 () - Australian mining magnate Lang Hancock famously discovered the world's biggest iron ore deposit when he noticed the red-stained cliffs of a canyon while flying over the Outback in the 1950s.
Now, the days when massive mineral deposits could be simply spotted by plane are gone, so miners are adopting new lab techniques and machine-led mapping to detect metal traces in everything from sand to gum tree leaves and groundwater.
They are using a mix of new techniques and established methods in new ways, backed by greater computing heft, including a new generation of multi-layered maps produced by Australian government agencies.
"There has been a perception that Australia is a mature destination and all the big finds have been found," said Will Robinson, managing director at Encounter Resources, which is exploring for gold using a new type of soil sampling developed by the CSIRO, Australia's peak science body.
"You're seeing more success as companies go out there and supply new technologies and new thinking into areas to find new big deposits," he said. "It has reset the maturity clock."
Having repaired their balance sheets on the back of a commodities price recovery, miners large and small are rushing to peg out prospective land in undercover areas.
Anglo American told it has recently been granted or is seeking permits over almost 11,000 square km of land in Queensland state, while iron ore miner Fortescue Metals Group raised its exploration tenements by a third last year.
Rio Tinto also sharply increased its exploration holdings under the remote Great Sandy Desert, where it announced a large copper find last week.
Encounter Resources last month reported a gold find under shallow sand using CSIRO's Ultrafine Soil technique, sending the explorer's shares up 30 percent.
"These ancient landscapes have buried deposits," said Ryan Noble, a CSIRO scientist leading the development of the process.
The analysis relies on separating out large particles of sand, which in remote Australia can account for as much as 95 percent of a sample, from much smaller clays and iron oxides, which attract gold, copper and zinc.
Developments in analysis mean smaller particles of 2 microns can now be detected, about one-50th the size of a grain of salt, revealing signs of mineralisation as deep as 10-20 metres (30-65 feet) under soil or sand.
"We think there is huge value for Australia and other places to reprocess the samples they have collected and generate new targets and open up new areas," CSIRO's Noble said.
Other new techniques are also starting to show results.
In South Australia, ASX-listed Marmota is using a biogeochemical leaf analysis which helped guide it to a high-grade gold strike at its Gawler Craton project in September.
Gum trees siphon up minute traces of gold from their roots to their leaves, which are then analysed in a lab.
"The gums were able to pick up moderate mineralisation down to about 60 metres (200 feet)," geologist Aaron Brown told .
The technology was developed during the boom years of 2012-2013 but has taken time to be used commercially as miners and investors look to reinvest in exploration after several lean years.
GOVERNMENT SUPPORT
Australian government bodies are also getting on board.
The Australian government is part way through a four-year, A$100 million ($70.75 million) exploration program under the oversight of GeoScience Australia. It includes projects to collate soil geochemistry data with groundwater data sets into predictive maps for highly prospective mineral regions.
Geoscience Australia is also working with other international bodies such as the Geological Survey of India to help uncover hidden deposits on the subcontinent, underscoring the competition among global mining zones to attract capital in the new wave of exploration.
"The release of excellent pre-competitive geoscientific data by Geosciences Australia and the Geological Survey of Queensland has enabled us to evaluate previously under-explored parts of Australia, including undercover areas of interest," Anglo American told .
Meanwhile, IBM, which launched a resources platform developed in Canada that uses machine learning to better predict where mineralisation lies, is drawing interest from Australian miners.
IBM's Watson for the natural resources industry uses artificial intelligence to combine data such as government drill results and aeromagnetic surveys with historical visual data including hand drawn maps in a way that has not been done before.
Geologists can ask technically specific questions of Watson about a resource and get an answer back.
"Traditionally geologists would spend 80 percent of their time sorting through data, trying to find it, correlate it, then organise it, and then running their models," IBM partner David Dickson told .
"Now it's flipped and 20 percent of the time is spent doing that, and geologists can spend more time on getting insights from the information and making better decisions on where the prospective regions are."
Australia has a long tradition in mining and a significant potential of still unexplored reserves, he said.
"Gold for example, generally is very low-grade so you can spend a lot of money on exploration. The more we remove the uncertainty and variability from the exploration programme, the more viable the programme is."
($1 = 1.4134 Australian dollars)
The views and 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 Melanie Burton MELBOURNE, March 7 () - Australian mining magnate Lang Hancock famously discovered the world's biggest iron ore deposit when he noticed the red-stained cliffs of a canyon while flying over the Outback in the 1950s. Anglo American told it has recently been granted or is seeking permits over almost 11,000 square km of land in Queensland state, while iron ore miner Fortescue Metals Group raised its exploration tenements by a third last year. Geoscience Australia is also working with other international bodies such as the Geological Survey of India to help uncover hidden deposits on the subcontinent, underscoring the competition among global mining zones to attract capital in the new wave of exploration.
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Now, the days when massive mineral deposits could be simply spotted by plane are gone, so miners are adopting new lab techniques and machine-led mapping to detect metal traces in everything from sand to gum tree leaves and groundwater. It includes projects to collate soil geochemistry data with groundwater data sets into predictive maps for highly prospective mineral regions. "The release of excellent pre-competitive geoscientific data by Geosciences Australia and the Geological Survey of Queensland has enabled us to evaluate previously under-explored parts of Australia, including undercover areas of interest," Anglo American told .
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"There has been a perception that Australia is a mature destination and all the big finds have been found," said Will Robinson, managing director at Encounter Resources, which is exploring for gold using a new type of soil sampling developed by the CSIRO, Australia's peak science body. Encounter Resources last month reported a gold find under shallow sand using CSIRO's Ultrafine Soil technique, sending the explorer's shares up 30 percent. "The release of excellent pre-competitive geoscientific data by Geosciences Australia and the Geological Survey of Queensland has enabled us to evaluate previously under-explored parts of Australia, including undercover areas of interest," Anglo American told .
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"There has been a perception that Australia is a mature destination and all the big finds have been found," said Will Robinson, managing director at Encounter Resources, which is exploring for gold using a new type of soil sampling developed by the CSIRO, Australia's peak science body. "The release of excellent pre-competitive geoscientific data by Geosciences Australia and the Geological Survey of Queensland has enabled us to evaluate previously under-explored parts of Australia, including undercover areas of interest," Anglo American told . IBM's Watson for the natural resources industry uses artificial intelligence to combine data such as government drill results and aeromagnetic surveys with historical visual data including hand drawn maps in a way that has not been done before.
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0d98de8f-0d41-431f-9395-87f2e3bd8bd7
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6614.0
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2019-03-05 00:00:00 UTC
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How to Invest Like Warren Buffet With ETFs
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AAL
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https://www.nasdaq.com/articles/how-invest-warren-buffet-etfs-2019-03-05
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nan
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nan
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The U.S. bull market is getting stronger and will turn 10 at the end of this week. After a bumpy ride last year, the optimism over the U.S.-China trade deal, the Fed's patient stance toward rate hikes, oil price rebound and higher consumer confidence bode well for the stock market (read: S&P 500 Back to Above 2,800: SPY ETF Versus IVV ).
As a result, investors will continue to pour money into riskier assets such as equities. While there are a number of choices available in the space across various asset classes, sectors and companies, it is always difficult to choose the best ones that would provide higher returns. Fortunately, with the release of fourth-quarter 13F filings, investors have started mulling over the top bets of the legendary billionaire and philanthropist - Warren Buffett.
Warren Buffett's equity stock portfolio rose to $172.75 billion at the end of 2018 from $170.54 billion at the end of 2017 despite the fact that the S&P 500 and Dow Jones logged in their biggest annual losses last year since 2008.
Below we have highlighted four such areas and their related ETFs that could be worthwhile for investors this year (see: all the ETF Categories here ):
Apple ETFs
The "Oracle of Ohama" has the largest holding in the tech giant Apple AAPL , which has been dealing with challenges in recent quarters due to slowing iPhone sales, with investments of more than $43 billion at the end of 2018. The most popular technology ETFs - Select Sector SPDR Technology ETF XLK , iShares Dow Jones US Technology ETF IYW , Vanguard Information Technology ETF VGT and MSCI Information Technology Index ETF FTEC - have Apple as their top or the second-highest holding with a double-digit allocation. All these funds have a Zacks ETF Rank #1 (Strong Buy) (read: Apple Rallies on Earnings Beat: Top-Ranked Tech ETFs to Buy ).
Bank ETFs
The latest 13F filing reveals that the Warren Buffett increased his bet on banking stocks once again after doing so in the third quarter of 2018, suggesting that he is bullish on the prospects of most banks than ever. Though the billionaire trimmed his stake in Wells Fargo WFC , he added stakes in Bank of America BAC , U.S. Bancorp USB , JPMorgan Chase JPM and super-regional PNC Financial PNC . The move has made the billionaire a major shareholder in four of the five largest U.S. banks. In order to capitalize this move, investors could consider bank ETFs like SPDR S&P Regional Banking ETF KRE , Invesco KBW Regional Banking ETF KBWR , SPDR S&P Bank ETF KBE and Invesco KBW Bank ETF ( KBWB ) . KBWR has a Zacks ETF Rank #2 (Buy) while the other three have a Zacks ETF Rank #3 (Hold) (read: Invest Like Warren Buffet With These Bank ETFs ).
Consumer ETFs
Warren Buffett also has a portfolio in a bunch of consumer stocks like Kraft Heinz KHC , The Coca-Cola KO , Mondelez International MDLZ and Procter & Gamble PG . However, the billionaire investor felt the pain of the slump in the two of these stocks last month as Coca-Cola shares slumped amid a downbeat profit forecast, while Kraft Heinz fell to a record low after announcing a $15.4 billion write-down of the goodwill value of assets including the Kraft and Oscar Mayer trademarks. The beaten down prices seems to be an attractive point for those seeking to follow Warren Buffett but with lower risk.
For them, Consumer Staples Select Sector SPDR Fund XLP , Vanguard Consumer Staples ETF VDC and iShares Evolved U.S. Consumer Staples ETF IECS could be good picks. All these funds have substantial exposure in the four consumer stocks. XLP and VDC have a Zacks ETF Rank #3.
Airline ETFs
Warren Buffett also owns some major airline stocks like American Airlines Group AAL , Delta Air Lines DAL , United Continental Holdings UAL and Southwest Airlines LUV . The bunch of these stocks could be found in the only pure paly airline ETF - U.S. Global Jets ETF JETS . The product has a Zacks ETF Rank #3 (read: Airlines ETF Riding High on Q4 Earnings ).
Want key ETF info delivered straight to your inbox?
Zacks' free Fund Newsletter will brief you on top news and analysis, as well as top-performing ETFs, each week. Get it free >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
United Continental Holdings, Inc. (UAL): Free Stock Analysis Report
Delta Air Lines, Inc. (DAL): Free Stock Analysis Report
American Airlines Group Inc. (AAL): Free Stock Analysis Report
Southwest Airlines Co. (LUV): Free Stock Analysis Report
JPMorgan Chase & Co. (JPM): Free Stock Analysis Report
The PNC Financial Services Group, Inc (PNC): Free Stock Analysis Report
Bank of America Corporation (BAC): Free Stock Analysis Report
U.S. Bancorp (USB): Free Stock Analysis Report
Wells Fargo & Company (WFC): Free Stock Analysis Report
Coca-Cola Company (The) (KO): Free Stock Analysis Report
Apple Inc. (AAPL): Free Stock Analysis Report
iShares U.S. Technology ETF (IYW): ETF Research Reports
U.S. Global Jets ETF (JETS): ETF Research Reports
Vanguard Information Technology ETF (VGT): ETF Research Reports
Invesco KBW Regional Banking ETF (KBWR): ETF Research Reports
The Kroger Co. (KR): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Airline ETFs Warren Buffett also owns some major airline stocks like American Airlines Group AAL , Delta Air Lines DAL , United Continental Holdings UAL and Southwest Airlines LUV . Click to get this free report United Continental Holdings, Inc. (UAL): Free Stock Analysis Report Delta Air Lines, Inc. (DAL): Free Stock Analysis Report American Airlines Group Inc. (AAL): Free Stock Analysis Report Southwest Airlines Co. (LUV): Free Stock Analysis Report JPMorgan Chase & Co. (JPM): Free Stock Analysis Report The PNC Financial Services Group, Inc (PNC): Free Stock Analysis Report Bank of America Corporation (BAC): Free Stock Analysis Report U.S. Bancorp (USB): Free Stock Analysis Report Wells Fargo & Company (WFC): Free Stock Analysis Report Coca-Cola Company (The) (KO): Free Stock Analysis Report Apple Inc. (AAPL): Free Stock Analysis Report iShares U.S. Technology ETF (IYW): ETF Research Reports U.S. After a bumpy ride last year, the optimism over the U.S.-China trade deal, the Fed's patient stance toward rate hikes, oil price rebound and higher consumer confidence bode well for the stock market (read: S&P 500 Back to Above 2,800: SPY ETF Versus IVV ).
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Airline ETFs Warren Buffett also owns some major airline stocks like American Airlines Group AAL , Delta Air Lines DAL , United Continental Holdings UAL and Southwest Airlines LUV . Click to get this free report United Continental Holdings, Inc. (UAL): Free Stock Analysis Report Delta Air Lines, Inc. (DAL): Free Stock Analysis Report American Airlines Group Inc. (AAL): Free Stock Analysis Report Southwest Airlines Co. (LUV): Free Stock Analysis Report JPMorgan Chase & Co. (JPM): Free Stock Analysis Report The PNC Financial Services Group, Inc (PNC): Free Stock Analysis Report Bank of America Corporation (BAC): Free Stock Analysis Report U.S. Bancorp (USB): Free Stock Analysis Report Wells Fargo & Company (WFC): Free Stock Analysis Report Coca-Cola Company (The) (KO): Free Stock Analysis Report Apple Inc. (AAPL): Free Stock Analysis Report iShares U.S. Technology ETF (IYW): ETF Research Reports U.S. Global Jets ETF (JETS): ETF Research Reports Vanguard Information Technology ETF (VGT): ETF Research Reports Invesco KBW Regional Banking ETF (KBWR): ETF Research Reports The Kroger Co. (KR): Free Stock Analysis Report To read this article on Zacks.com click here.
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Click to get this free report United Continental Holdings, Inc. (UAL): Free Stock Analysis Report Delta Air Lines, Inc. (DAL): Free Stock Analysis Report American Airlines Group Inc. (AAL): Free Stock Analysis Report Southwest Airlines Co. (LUV): Free Stock Analysis Report JPMorgan Chase & Co. (JPM): Free Stock Analysis Report The PNC Financial Services Group, Inc (PNC): Free Stock Analysis Report Bank of America Corporation (BAC): Free Stock Analysis Report U.S. Bancorp (USB): Free Stock Analysis Report Wells Fargo & Company (WFC): Free Stock Analysis Report Coca-Cola Company (The) (KO): Free Stock Analysis Report Apple Inc. (AAPL): Free Stock Analysis Report iShares U.S. Technology ETF (IYW): ETF Research Reports U.S. Airline ETFs Warren Buffett also owns some major airline stocks like American Airlines Group AAL , Delta Air Lines DAL , United Continental Holdings UAL and Southwest Airlines LUV . In order to capitalize this move, investors could consider bank ETFs like SPDR S&P Regional Banking ETF KRE , Invesco KBW Regional Banking ETF KBWR , SPDR S&P Bank ETF KBE and Invesco KBW Bank ETF ( KBWB ) .
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Click to get this free report United Continental Holdings, Inc. (UAL): Free Stock Analysis Report Delta Air Lines, Inc. (DAL): Free Stock Analysis Report American Airlines Group Inc. (AAL): Free Stock Analysis Report Southwest Airlines Co. (LUV): Free Stock Analysis Report JPMorgan Chase & Co. (JPM): Free Stock Analysis Report The PNC Financial Services Group, Inc (PNC): Free Stock Analysis Report Bank of America Corporation (BAC): Free Stock Analysis Report U.S. Bancorp (USB): Free Stock Analysis Report Wells Fargo & Company (WFC): Free Stock Analysis Report Coca-Cola Company (The) (KO): Free Stock Analysis Report Apple Inc. (AAPL): Free Stock Analysis Report iShares U.S. Technology ETF (IYW): ETF Research Reports U.S. Airline ETFs Warren Buffett also owns some major airline stocks like American Airlines Group AAL , Delta Air Lines DAL , United Continental Holdings UAL and Southwest Airlines LUV . The product has a Zacks ETF Rank #3 (read: Airlines ETF Riding High on Q4 Earnings ).
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f2a54597-c544-4331-84b0-f1d6f0211fc4
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6615.0
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2019-03-04 00:00:00 UTC
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Noteworthy Monday Option Activity: UPS, AAL, MEET
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AAL
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https://www.nasdaq.com/articles/noteworthy-monday-option-activity-ups-aal-meet-2019-03-04
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nan
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Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in United Parcel Service Inc (Symbol: UPS), where a total volume of 20,568 contracts has been traded thus far today, a contract volume which is representative of approximately 2.1 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 64.3% of UPS's average daily trading volume over the past month, of 3.2 million shares. Particularly high volume was seen for the $111 strike call option expiring March 08, 2019 , with 4,651 contracts trading so far today, representing approximately 465,100 underlying shares of UPS. Below is a chart showing UPS's trailing twelve month trading history, with the $111 strike highlighted in orange:
American Airlines Group Inc (Symbol: AAL) options are showing a volume of 41,038 contracts thus far today. That number of contracts represents approximately 4.1 million underlying shares, working out to a sizeable 60% of AAL's average daily trading volume over the past month, of 6.8 million shares. Especially high volume was seen for the $38.50 strike call option expiring March 22, 2019 , with 3,483 contracts trading so far today, representing approximately 348,300 underlying shares of AAL. Below is a chart showing AAL's trailing twelve month trading history, with the $38.50 strike highlighted in orange:
And Meet Group Inc (Symbol: MEET) options are showing a volume of 6,772 contracts thus far today. That number of contracts represents approximately 677,200 underlying shares, working out to a sizeable 59.7% of MEET's average daily trading volume over the past month, of 1.1 million shares. Especially high volume was seen for the $6 strike put option expiring March 15, 2019 , with 4,174 contracts trading so far today, representing approximately 417,400 underlying shares of MEET. Below is a chart showing MEET's trailing twelve month trading history, with the $6 strike highlighted in orange:
For the various different available expirations for UPS options , AAL options , or MEET options , visit StockOptionsChannel.com.
Today's Most Active Call & Put Options of the S&P 500 »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Especially high volume was seen for the $38.50 strike call option expiring March 22, 2019 , with 3,483 contracts trading so far today, representing approximately 348,300 underlying shares of AAL. Below is a chart showing UPS's trailing twelve month trading history, with the $111 strike highlighted in orange: American Airlines Group Inc (Symbol: AAL) options are showing a volume of 41,038 contracts thus far today. That number of contracts represents approximately 4.1 million underlying shares, working out to a sizeable 60% of AAL's average daily trading volume over the past month, of 6.8 million shares.
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Below is a chart showing UPS's trailing twelve month trading history, with the $111 strike highlighted in orange: American Airlines Group Inc (Symbol: AAL) options are showing a volume of 41,038 contracts thus far today. That number of contracts represents approximately 4.1 million underlying shares, working out to a sizeable 60% of AAL's average daily trading volume over the past month, of 6.8 million shares. Below is a chart showing AAL's trailing twelve month trading history, with the $38.50 strike highlighted in orange: And Meet Group Inc (Symbol: MEET) options are showing a volume of 6,772 contracts thus far today.
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That number of contracts represents approximately 4.1 million underlying shares, working out to a sizeable 60% of AAL's average daily trading volume over the past month, of 6.8 million shares. Below is a chart showing AAL's trailing twelve month trading history, with the $38.50 strike highlighted in orange: And Meet Group Inc (Symbol: MEET) options are showing a volume of 6,772 contracts thus far today. Below is a chart showing UPS's trailing twelve month trading history, with the $111 strike highlighted in orange: American Airlines Group Inc (Symbol: AAL) options are showing a volume of 41,038 contracts thus far today.
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Especially high volume was seen for the $38.50 strike call option expiring March 22, 2019 , with 3,483 contracts trading so far today, representing approximately 348,300 underlying shares of AAL. Below is a chart showing UPS's trailing twelve month trading history, with the $111 strike highlighted in orange: American Airlines Group Inc (Symbol: AAL) options are showing a volume of 41,038 contracts thus far today. That number of contracts represents approximately 4.1 million underlying shares, working out to a sizeable 60% of AAL's average daily trading volume over the past month, of 6.8 million shares.
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7a6a4e1e-e405-4ce8-b773-6d9c2f01072c
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6616.0
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2019-03-01 00:00:00 UTC
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The Zacks Analyst Blog Highlights: Southwest Airlines, United Continental, Delta Air Lines, American Airlines and JetBlue Airways
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AAL
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https://www.nasdaq.com/articles/the-zacks-analyst-blog-highlights%3A-southwest-airlines-united-continental-delta-air-lines
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For Immediate Release
Chicago, IL - March 1, 2019 - Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: Southwest Airlines LUV , United Continental Holdings UAL , Delta Air Lines DAL , American Airlines AAL and JetBlue Airways JBLU .
Here are highlights from Thursday's Analyst Blog:
Airline Stock Roundup: LUV, UAL, DAL & More
In the past week, Southwest Airlines trimmed its first-quarter projection for operating revenue per available seat mile (RASM: a key measure of unit revenues) due to the 35-day partial U.S. government shutdown. On an encouraging note, the carrier finally gained approval to fly to Hawaii. The government shutdown had delayed the approval process.
With the Olympics to be held in Tokyo next year, leading U.S. carriers like United Airlines - the wholly owned subsidiary of United Continental Holdings, Delta Air Lines and American Airlines are seeking approval from the U.S. Department of Transportation (DOT) to fly to Tokyo's Haneda Airport. An update pertaining to JetBlue Airways' efforts to strengthen its Boston footprint was also available in the past week.
(Read the last Airline Stock Roundup for Feb 20, 2019 )
Recap of the Past Week's Most Important Stories
1. Southwest Airlines anticipates first-quarter 2019 revenues to be adversely impacted to the tune of $60 million due to the government shutdown. Previously, the airline predicted revenues to decline by $10-$15 million. As a result of weak bookings, the airline now forecasts RASM to increase in the range of 3-4% compared with a rise of 4-5% expected earlier. (Read more: Southwest Shares Decline on Dull Q1 Unit Revenue View ).
Furthermore, Southwest Airlines took a major step toward fulfilling its 2019 growth plans when it received approval from the Federal Aviation Administration (FAA) to fly to the Hawaiian Islands. Tickets on the routes will be shortly available. Once the company commences operations to the islands, competition will heat up.
Southwest Airlines carries a Zacks Rank #2 (Buy). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here .
2. United Airlines filed an application with the DOT to operate daily non-stop flights to Tokyo's Haneda Airport from six U.S. international airports. In the summer of 2020, United Airlines plans to commence operations to Haneda after the slots are awarded from its hubs at Newark Liberty, Chicago O'Hare, Washington Dulles, Los Angeles International, Houston George Bush and Guam (read more: United Airlines Looking to Expand Operations to Haneda Airport ).
3. In a bid to strengthen its presence in Boston, JetBlue announced that it will add more flights connecting Logan International Airport to its 12 existing routes, extending along the eastern half of the United States. Notably, JetBlue will start adding the flights that will operate on a daily basis from this summer.
Additionally, this low-cost carrier aims to start offering hourly service to two key northeast markets - Washington, D.C. and the New York Metro Area - from Boston in order to meet its target of 200 daily departures.
4. According to International Air Transport Association's (IATA) 2018 safety-related data in the aviation space, rate for all accidents (accidents per 1 million flights) increased on a year-over-year basis. The rate for such accidents was 1.35 (one accident for every 740,000 flights) compared with 2017 figure of 1.11. The comparable figure for 2013-2017 period was 1.79. Moreover, the rate for major jet accidents (jet hull losses per 1 million flights) in 2018 was 0.19 (one major accident for every 5.4 million flights). The figure compared favorably with 0.29 recorded in the 2013-2017 period. The comparable figure was 0.12.
Additionally, in 2018 there were 11 fatal accidents with 523 fatalities related to passengers/ crew. In the 2013-2017 period, there was an average of 8.8 fatal accidents, with approximately 234 fatalities per year. In 2017, the industry experienced a record low of 6 fatal accidents, with 19 fatalities. Moreover, one accident in 2017 resulted in the deaths of 35 persons on the ground.
Media Contact
Zacks Investment Research
800-767-3771 ext. 9339
support@zacks.com
http://www.zacks.com
Past performance is no guarantee of future results. Inherent in any investment is the potential for loss . This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit http://www.zacks.com/performance for information about the performance numbers displayed in this press release.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Delta Air Lines, Inc. (DAL): Free Stock Analysis Report
United Continental Holdings, Inc. (UAL): Free Stock Analysis Report
JetBlue Airways Corporation (JBLU): Free Stock Analysis Report
American Airlines Group Inc. (AAL): Free Stock Analysis Report
Southwest Airlines Co. (LUV): Free Stock Analysis Report
To read this article on Zacks.com click here.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Stocks recently featured in the blog include: Southwest Airlines LUV , United Continental Holdings UAL , Delta Air Lines DAL , American Airlines AAL and JetBlue Airways JBLU . Click to get this free report Delta Air Lines, Inc. (DAL): Free Stock Analysis Report United Continental Holdings, Inc. (UAL): Free Stock Analysis Report JetBlue Airways Corporation (JBLU): Free Stock Analysis Report American Airlines Group Inc. (AAL): Free Stock Analysis Report Southwest Airlines Co. (LUV): Free Stock Analysis Report To read this article on Zacks.com click here. Furthermore, Southwest Airlines took a major step toward fulfilling its 2019 growth plans when it received approval from the Federal Aviation Administration (FAA) to fly to the Hawaiian Islands.
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Stocks recently featured in the blog include: Southwest Airlines LUV , United Continental Holdings UAL , Delta Air Lines DAL , American Airlines AAL and JetBlue Airways JBLU . Click to get this free report Delta Air Lines, Inc. (DAL): Free Stock Analysis Report United Continental Holdings, Inc. (UAL): Free Stock Analysis Report JetBlue Airways Corporation (JBLU): Free Stock Analysis Report American Airlines Group Inc. (AAL): Free Stock Analysis Report Southwest Airlines Co. (LUV): Free Stock Analysis Report To read this article on Zacks.com click here. Here are highlights from Thursday's Analyst Blog: Airline Stock Roundup: LUV, UAL, DAL & More In the past week, Southwest Airlines trimmed its first-quarter projection for operating revenue per available seat mile (RASM: a key measure of unit revenues) due to the 35-day partial U.S. government shutdown.
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Stocks recently featured in the blog include: Southwest Airlines LUV , United Continental Holdings UAL , Delta Air Lines DAL , American Airlines AAL and JetBlue Airways JBLU . Click to get this free report Delta Air Lines, Inc. (DAL): Free Stock Analysis Report United Continental Holdings, Inc. (UAL): Free Stock Analysis Report JetBlue Airways Corporation (JBLU): Free Stock Analysis Report American Airlines Group Inc. (AAL): Free Stock Analysis Report Southwest Airlines Co. (LUV): Free Stock Analysis Report To read this article on Zacks.com click here. Here are highlights from Thursday's Analyst Blog: Airline Stock Roundup: LUV, UAL, DAL & More In the past week, Southwest Airlines trimmed its first-quarter projection for operating revenue per available seat mile (RASM: a key measure of unit revenues) due to the 35-day partial U.S. government shutdown.
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Stocks recently featured in the blog include: Southwest Airlines LUV , United Continental Holdings UAL , Delta Air Lines DAL , American Airlines AAL and JetBlue Airways JBLU . Click to get this free report Delta Air Lines, Inc. (DAL): Free Stock Analysis Report United Continental Holdings, Inc. (UAL): Free Stock Analysis Report JetBlue Airways Corporation (JBLU): Free Stock Analysis Report American Airlines Group Inc. (AAL): Free Stock Analysis Report Southwest Airlines Co. (LUV): Free Stock Analysis Report To read this article on Zacks.com click here. (Read more: Southwest Shares Decline on Dull Q1 Unit Revenue View ).
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f48fad31-f0a5-4537-ad5a-8fb96de0aa38
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6617.0
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2019-03-01 00:00:00 UTC
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U.S. STOCKS ON THE MOVE-Gap, Walgreen Boots, ImmunoGen, PG&E Corp
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AAL
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https://www.nasdaq.com/articles/us-stocks-move-gap-walgreen-boots-immunogen-pge-corp-2019-03-01
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nan
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nan
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The Day Ahead newsletter:
The Morning News Call newsletter:
Wall Street's main indexes climbed on Friday, after a quiet week, as strong economic data from China fed into optimism around trade but muted U.S. economic data kept a lid on gains.
The top three S&P 500 percentage gainers:
** Gap Inc, up 19.1 pct
** Dentsply Sirona, up 15.8 pct
** L Brands Inc, up 7 pct
The top three S&P 500 percentage losers:
** Nektar Therapeutics, down 8.2 pct
** Walgreen Boots, down 5.6 pct
** Simon Property Group Inc, down 3.5 pct
The top three NYSE percentage gainers:
** Globalscape Inc, up 31.3 pct
** Castlight Health, up 21.9 pct
** Farfetch Ltd, up 21.7 pct
The top three NYSE percentage losers:
** Maxar Technologies Inc, down 21.1 pct
** Universal Holdings, down 20.5 pct
** 3D Systems Corp, down 13.8 pct
The top three Nasdaq percentage gainers:
** Biopath Holdings, up 175 pct
** Puma Biotechnlgy, up 39.3 pct
** Sequential Brand, up 27.3 pct
The top three Nasdaq percentage losers:
** Immunogen Inc, down 46 pct
** Intrexon Corporation, down 34.4 pct
** Nutanix Inc, down 32.2 pct
** PG&E Corp: up 6.8 pct
PG&E up after BlueMountain nominates 13 board members
** ImmunoGen Inc: down 46.0 pct
Falls after experimental ovarian cancer drug fails trial
** Foot Locker Inc: up 5.8 pct
Jumps after big same store sales beat
** Nutanix Inc: down 32.2 pct
Set to give up 2019 gains after downbeat forecast
** Mersana Therapeutics Inc: down 21.5 pct
Dives on 21.2 mln stock offering, double current shr count
** Puma Biotechnology Inc: up 39.3 pct
Surges 20 pct on cancer drug's Q4 sales beat
** VMware Inc: up 3.0 pct
Eyes record high after 4 brokerages raise PTs on Q4 beat
** Habit Restaurants Inc: up 15.4 pct
Jumps after Q4 comp sales beat
** Capri Holdings Ltd: up 1.9 pct
Jefferies says stock could double
** Benefitfocus Inc: down 6.7 pct
Set for 5-day losing streak as top holders sell
** Intrexon Corporation: down 34.4 pct
Sinks on going concern doubts, misses profit by wide margin
** Farfetch Ltd: up 21.7 pct
Rises on lower-than-expected Q4 loss
** Solaris Oilfield Infrastructure Inc: up 0.2 pct
Brokerages see lower capex driving strong cash flow
** Tegna Inc: up 14.3 pct
Investors cheer Q4 beat
** Masco Corp: up 6.7 pct
Jumps on strategic review plan for two units
** Independence Contract Drilling Inc: up 12.9 pct
Up on surprise profit
** Kratos Defense & Security: down 1.7 pct
Falls as govt. shutdown hurts
** Maxar Technologies: down 21.3 pct
Plunges on weak Q4, dividend cut
** Exxon Mobil: up 0.6 pct
Exxon Mobil to build polypropylene plant in Baton Rouge
** Jagged Peak Energy: up 3.2 pct
Gains on Q4 output beat, 2019 forecast
** Acadia Healthcare: up 13.1 pct
Set for best day since 2014 after results
** Imv Inc: down 16.6 pct
Plunges after C$26.7 mln stock deal
** American Airlines Group Inc: down 3.4 pct
** Delta Air Lines Inc: down 2.7 pct
American Airlines, Delta hit turbulence after DB downgrades
** VMware Inc: up 3.0 pct
** Workday Inc: down 4.7 pct
** Autodesk Inc: down 1.4 pct
Full steam ahead for cloud sellers after upbeat reports
** Dell Technologies Inc: up 1.3 pct
Resumes rally on strong Q4 report, VMWare record high
** The Gap Inc: up 19.1 pct
'Santa didn't bring sales but brought Old Navy spin instead'
** Nordstrom Inc: down 1.5 pct
Nordstrom shares jump as earnings beat expectations
** Workday Inc: down 4.7 pct
Workday: Shares work up to record high after Q4 beat
** Tesla Inc: down 7.6 pct
Falls after co offers $35K version of Model 3, says will close many stores
Wall St split: Telsa a "game changer" or losing "halo of exclusivity"
** Devon Energy: up 1.7 pct
RBC downgrades to 'sector perform'
** CMS Energy Corp:: down 0.9 pct
RBC raises price target by $3
** Jianpu Technology Inc: up 1.4 pct
Up after JPM raises to 'overweight'
** The Michaels Companies Inc: down 7.6 pct
JPM cuts to 'neutral' on CEO departure
** 3D Systems Corp: down 13.8 pct
3D Systems set to touch 4-month high after Q4 profit tops estimates
** TG Therapeutics Inc: up 2.1 pct
Drops on proposed public offering
** Pattern Energy Group Inc: down 7.8 pct
Falls on Q4 revenue miss
** Splunk Inc: down 1.6 pct
Rises after strong results, analysts raise price targets
** Funko Inc: up 4.3 pct
Rises on Q4 beat, strong FY forecast and PT hikes
** Autodesk Inc: down 1.4 pct
Autodesk touches record high on PT hikes after Q4 beat
** Southwestern Energy Co: up 4.7 pct
Shares up on revenue beat, higher profit
** EBay Inc: up 0.3 pct
Rises as co tries to avert proxy fight
** Caesars Entertainment Corp: up 2.0 pct
Up after nominating three Icahn-backed directors to board
** Dentsply Sirona Inc: up 15.8 pct
Eyes best day in 30 years on Q4 beat, job cuts plan
** Town Sports International Holdings Inc: up 5.9 pct
Rises on higher Q4 revenue
** Portola Pharmaceuticals Inc: up 14.7 pct
Up on positive European panel opinion on bleeding antidote
** AMC Entertainment: up 13.9 pct
Rises on strong Q4
** Pure Storage Inc: down 0.8 pct
Falls on Q4 revenue, profit miss
The 11 major S&P 500 sectors:
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The Day Ahead newsletter: The Morning News Call newsletter: Wall Street's main indexes climbed on Friday, after a quiet week, as strong economic data from China fed into optimism around trade but muted U.S. economic data kept a lid on gains. The top three S&P 500 percentage gainers: ** Gap Inc, up 19.1 pct ** Dentsply Sirona, up 15.8 pct ** L Brands Inc, up 7 pct The top three S&P 500 percentage losers: ** Nektar Therapeutics, down 8.2 pct ** Walgreen Boots, down 5.6 pct ** Simon Property Group Inc, down 3.5 pct The top three NYSE percentage gainers: ** Globalscape Inc, up 31.3 pct ** Castlight Health, up 21.9 pct ** Farfetch Ltd, up 21.7 pct The top three NYSE percentage losers: ** Maxar Technologies Inc, down 21.1 pct ** Universal Holdings, down 20.5 pct ** 3D Systems Corp, down 13.8 pct The top three Nasdaq percentage gainers: ** Biopath Holdings, up 175 pct ** Puma Biotechnlgy, up 39.3 pct ** Sequential Brand, up 27.3 pct The top three Nasdaq percentage losers: ** Immunogen Inc, down 46 pct ** Intrexon Corporation, down 34.4 pct ** Nutanix Inc, down 32.2 pct ** PG&E Corp: up 6.8 pct PG&E up after BlueMountain nominates 13 board members ** ImmunoGen Inc: down 46.0 pct Falls after experimental ovarian cancer drug fails trial ** Foot Locker Inc: up 5.8 pct Jumps after big same store sales beat ** Nutanix Inc: down 32.2 pct Set to give up 2019 gains after downbeat forecast ** Mersana Therapeutics Inc: down 21.5 pct Dives on 21.2 mln stock offering, double current shr count ** Puma Biotechnology Inc: up 39.3 pct Surges 20 pct on cancer drug's Q4 sales beat ** VMware Inc: up 3.0 pct Eyes record high after 4 brokerages raise PTs on Q4 beat ** Habit Restaurants Inc: up 15.4 pct Jumps after Q4 comp sales beat ** Capri Holdings Ltd: up 1.9 pct Jefferies says stock could double ** Benefitfocus Inc: down 6.7 pct Set for 5-day losing streak as top holders sell ** Intrexon Corporation: down 34.4 pct Sinks on going concern doubts, misses profit by wide margin ** Farfetch Ltd: up 21.7 pct Rises on lower-than-expected Q4 loss ** Solaris Oilfield Infrastructure Inc: up 0.2 pct Brokerages see lower capex driving strong cash flow ** Tegna Inc: up 14.3 pct Investors cheer Q4 beat ** Masco Corp: up 6.7 pct Jumps on strategic review plan for two units ** Independence Contract Drilling Inc: up 12.9 pct Up on surprise profit ** Kratos Defense & Security: down 1.7 pct Falls as govt. shutdown hurts ** Maxar Technologies: down 21.3 pct Plunges on weak Q4, dividend cut ** Exxon Mobil: up 0.6 pct Exxon Mobil to build polypropylene plant in Baton Rouge ** Jagged Peak Energy: up 3.2 pct Gains on Q4 output beat, 2019 forecast ** Acadia Healthcare: up 13.1 pct Set for best day since 2014 after results ** Imv Inc: down 16.6 pct Plunges after C$26.7 mln stock deal ** American Airlines Group Inc: down 3.4 pct ** Delta Air Lines Inc: down 2.7 pct American Airlines, Delta hit turbulence after DB downgrades ** VMware Inc: up 3.0 pct ** Workday Inc: down 4.7 pct ** Autodesk Inc: down 1.4 pct Full steam ahead for cloud sellers after upbeat reports ** Dell Technologies Inc: up 1.3 pct Resumes rally on strong Q4 report, VMWare record high ** The Gap Inc: up 19.1 pct 'Santa didn't bring sales but brought Old Navy spin instead' ** Nordstrom Inc: down 1.5 pct Nordstrom shares jump as earnings beat expectations ** Workday Inc: down 4.7 pct Workday: Shares work up to record high after Q4 beat ** Tesla Inc: down 7.6 pct Falls after co offers $35K version of Model 3, says will close many stores Wall St split: Telsa a "game changer" or losing "halo of exclusivity" ** Devon Energy: up 1.7 pct RBC downgrades to 'sector perform' ** CMS Energy Corp:: down 0.9 pct RBC raises price target by $3 ** Jianpu Technology Inc: up 1.4 pct Up after JPM raises to 'overweight' ** The Michaels Companies Inc: down 7.6 pct JPM cuts to 'neutral' on CEO departure ** 3D Systems Corp: down 13.8 pct 3D Systems set to touch 4-month high after Q4 profit tops estimates ** TG Therapeutics Inc: up 2.1 pct Drops on proposed public offering ** Pattern Energy Group Inc: down 7.8 pct Falls on Q4 revenue miss ** Splunk Inc: down 1.6 pct Rises after strong results, analysts raise price targets ** Funko Inc: up 4.3 pct Rises on Q4 beat, strong FY forecast and PT hikes ** Autodesk Inc: down 1.4 pct Autodesk touches record high on PT hikes after Q4 beat ** Southwestern Energy Co: up 4.7 pct Shares up on revenue beat, higher profit ** EBay Inc: up 0.3 pct Rises as co tries to avert proxy fight ** Caesars Entertainment Corp: up 2.0 pct Up after nominating three Icahn-backed directors to board ** Dentsply Sirona Inc: up 15.8 pct Eyes best day in 30 years on Q4 beat, job cuts plan ** Town Sports International Holdings Inc: up 5.9 pct Rises on higher Q4 revenue ** Portola Pharmaceuticals Inc: up 14.7 pct Up on positive European panel opinion on bleeding antidote ** AMC Entertainment: up 13.9 pct Rises on strong Q4 ** Pure Storage Inc: down 0.8 pct Falls on Q4 revenue, profit miss The 11 major S&P 500 sectors: The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The Day Ahead newsletter: The Morning News Call newsletter: Wall Street's main indexes climbed on Friday, after a quiet week, as strong economic data from China fed into optimism around trade but muted U.S. economic data kept a lid on gains. The top three S&P 500 percentage gainers: ** Gap Inc, up 19.1 pct ** Dentsply Sirona, up 15.8 pct ** L Brands Inc, up 7 pct The top three S&P 500 percentage losers: ** Nektar Therapeutics, down 8.2 pct ** Walgreen Boots, down 5.6 pct ** Simon Property Group Inc, down 3.5 pct The top three NYSE percentage gainers: ** Globalscape Inc, up 31.3 pct ** Castlight Health, up 21.9 pct ** Farfetch Ltd, up 21.7 pct The top three NYSE percentage losers: ** Maxar Technologies Inc, down 21.1 pct ** Universal Holdings, down 20.5 pct ** 3D Systems Corp, down 13.8 pct The top three Nasdaq percentage gainers: ** Biopath Holdings, up 175 pct ** Puma Biotechnlgy, up 39.3 pct ** Sequential Brand, up 27.3 pct The top three Nasdaq percentage losers: ** Immunogen Inc, down 46 pct ** Intrexon Corporation, down 34.4 pct ** Nutanix Inc, down 32.2 pct ** PG&E Corp: up 6.8 pct PG&E up after BlueMountain nominates 13 board members ** ImmunoGen Inc: down 46.0 pct Falls after experimental ovarian cancer drug fails trial ** Foot Locker Inc: up 5.8 pct Jumps after big same store sales beat ** Nutanix Inc: down 32.2 pct Set to give up 2019 gains after downbeat forecast ** Mersana Therapeutics Inc: down 21.5 pct Dives on 21.2 mln stock offering, double current shr count ** Puma Biotechnology Inc: up 39.3 pct Surges 20 pct on cancer drug's Q4 sales beat ** VMware Inc: up 3.0 pct Eyes record high after 4 brokerages raise PTs on Q4 beat ** Habit Restaurants Inc: up 15.4 pct Jumps after Q4 comp sales beat ** Capri Holdings Ltd: up 1.9 pct Jefferies says stock could double ** Benefitfocus Inc: down 6.7 pct Set for 5-day losing streak as top holders sell ** Intrexon Corporation: down 34.4 pct Sinks on going concern doubts, misses profit by wide margin ** Farfetch Ltd: up 21.7 pct Rises on lower-than-expected Q4 loss ** Solaris Oilfield Infrastructure Inc: up 0.2 pct Brokerages see lower capex driving strong cash flow ** Tegna Inc: up 14.3 pct Investors cheer Q4 beat ** Masco Corp: up 6.7 pct Jumps on strategic review plan for two units ** Independence Contract Drilling Inc: up 12.9 pct Up on surprise profit ** Kratos Defense & Security: down 1.7 pct Falls as govt. shutdown hurts ** Maxar Technologies: down 21.3 pct Plunges on weak Q4, dividend cut ** Exxon Mobil: up 0.6 pct Exxon Mobil to build polypropylene plant in Baton Rouge ** Jagged Peak Energy: up 3.2 pct Gains on Q4 output beat, 2019 forecast ** Acadia Healthcare: up 13.1 pct Set for best day since 2014 after results ** Imv Inc: down 16.6 pct Plunges after C$26.7 mln stock deal ** American Airlines Group Inc: down 3.4 pct ** Delta Air Lines Inc: down 2.7 pct American Airlines, Delta hit turbulence after DB downgrades ** VMware Inc: up 3.0 pct ** Workday Inc: down 4.7 pct ** Autodesk Inc: down 1.4 pct Full steam ahead for cloud sellers after upbeat reports ** Dell Technologies Inc: up 1.3 pct Resumes rally on strong Q4 report, VMWare record high ** The Gap Inc: up 19.1 pct 'Santa didn't bring sales but brought Old Navy spin instead' ** Nordstrom Inc: down 1.5 pct Nordstrom shares jump as earnings beat expectations ** Workday Inc: down 4.7 pct Workday: Shares work up to record high after Q4 beat ** Tesla Inc: down 7.6 pct Falls after co offers $35K version of Model 3, says will close many stores Wall St split: Telsa a "game changer" or losing "halo of exclusivity" ** Devon Energy: up 1.7 pct RBC downgrades to 'sector perform' ** CMS Energy Corp:: down 0.9 pct RBC raises price target by $3 ** Jianpu Technology Inc: up 1.4 pct Up after JPM raises to 'overweight' ** The Michaels Companies Inc: down 7.6 pct JPM cuts to 'neutral' on CEO departure ** 3D Systems Corp: down 13.8 pct 3D Systems set to touch 4-month high after Q4 profit tops estimates ** TG Therapeutics Inc: up 2.1 pct Drops on proposed public offering ** Pattern Energy Group Inc: down 7.8 pct Falls on Q4 revenue miss ** Splunk Inc: down 1.6 pct Rises after strong results, analysts raise price targets ** Funko Inc: up 4.3 pct Rises on Q4 beat, strong FY forecast and PT hikes ** Autodesk Inc: down 1.4 pct Autodesk touches record high on PT hikes after Q4 beat ** Southwestern Energy Co: up 4.7 pct Shares up on revenue beat, higher profit ** EBay Inc: up 0.3 pct Rises as co tries to avert proxy fight ** Caesars Entertainment Corp: up 2.0 pct Up after nominating three Icahn-backed directors to board ** Dentsply Sirona Inc: up 15.8 pct Eyes best day in 30 years on Q4 beat, job cuts plan ** Town Sports International Holdings Inc: up 5.9 pct Rises on higher Q4 revenue ** Portola Pharmaceuticals Inc: up 14.7 pct Up on positive European panel opinion on bleeding antidote ** AMC Entertainment: up 13.9 pct Rises on strong Q4 ** Pure Storage Inc: down 0.8 pct Falls on Q4 revenue, profit miss The 11 major S&P 500 sectors: The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The Day Ahead newsletter: The Morning News Call newsletter: Wall Street's main indexes climbed on Friday, after a quiet week, as strong economic data from China fed into optimism around trade but muted U.S. economic data kept a lid on gains. The top three S&P 500 percentage gainers: ** Gap Inc, up 19.1 pct ** Dentsply Sirona, up 15.8 pct ** L Brands Inc, up 7 pct The top three S&P 500 percentage losers: ** Nektar Therapeutics, down 8.2 pct ** Walgreen Boots, down 5.6 pct ** Simon Property Group Inc, down 3.5 pct The top three NYSE percentage gainers: ** Globalscape Inc, up 31.3 pct ** Castlight Health, up 21.9 pct ** Farfetch Ltd, up 21.7 pct The top three NYSE percentage losers: ** Maxar Technologies Inc, down 21.1 pct ** Universal Holdings, down 20.5 pct ** 3D Systems Corp, down 13.8 pct The top three Nasdaq percentage gainers: ** Biopath Holdings, up 175 pct ** Puma Biotechnlgy, up 39.3 pct ** Sequential Brand, up 27.3 pct The top three Nasdaq percentage losers: ** Immunogen Inc, down 46 pct ** Intrexon Corporation, down 34.4 pct ** Nutanix Inc, down 32.2 pct ** PG&E Corp: up 6.8 pct PG&E up after BlueMountain nominates 13 board members ** ImmunoGen Inc: down 46.0 pct Falls after experimental ovarian cancer drug fails trial ** Foot Locker Inc: up 5.8 pct Jumps after big same store sales beat ** Nutanix Inc: down 32.2 pct Set to give up 2019 gains after downbeat forecast ** Mersana Therapeutics Inc: down 21.5 pct Dives on 21.2 mln stock offering, double current shr count ** Puma Biotechnology Inc: up 39.3 pct Surges 20 pct on cancer drug's Q4 sales beat ** VMware Inc: up 3.0 pct Eyes record high after 4 brokerages raise PTs on Q4 beat ** Habit Restaurants Inc: up 15.4 pct Jumps after Q4 comp sales beat ** Capri Holdings Ltd: up 1.9 pct Jefferies says stock could double ** Benefitfocus Inc: down 6.7 pct Set for 5-day losing streak as top holders sell ** Intrexon Corporation: down 34.4 pct Sinks on going concern doubts, misses profit by wide margin ** Farfetch Ltd: up 21.7 pct Rises on lower-than-expected Q4 loss ** Solaris Oilfield Infrastructure Inc: up 0.2 pct Brokerages see lower capex driving strong cash flow ** Tegna Inc: up 14.3 pct Investors cheer Q4 beat ** Masco Corp: up 6.7 pct Jumps on strategic review plan for two units ** Independence Contract Drilling Inc: up 12.9 pct Up on surprise profit ** Kratos Defense & Security: down 1.7 pct Falls as govt. shutdown hurts ** Maxar Technologies: down 21.3 pct Plunges on weak Q4, dividend cut ** Exxon Mobil: up 0.6 pct Exxon Mobil to build polypropylene plant in Baton Rouge ** Jagged Peak Energy: up 3.2 pct Gains on Q4 output beat, 2019 forecast ** Acadia Healthcare: up 13.1 pct Set for best day since 2014 after results ** Imv Inc: down 16.6 pct Plunges after C$26.7 mln stock deal ** American Airlines Group Inc: down 3.4 pct ** Delta Air Lines Inc: down 2.7 pct American Airlines, Delta hit turbulence after DB downgrades ** VMware Inc: up 3.0 pct ** Workday Inc: down 4.7 pct ** Autodesk Inc: down 1.4 pct Full steam ahead for cloud sellers after upbeat reports ** Dell Technologies Inc: up 1.3 pct Resumes rally on strong Q4 report, VMWare record high ** The Gap Inc: up 19.1 pct 'Santa didn't bring sales but brought Old Navy spin instead' ** Nordstrom Inc: down 1.5 pct Nordstrom shares jump as earnings beat expectations ** Workday Inc: down 4.7 pct Workday: Shares work up to record high after Q4 beat ** Tesla Inc: down 7.6 pct Falls after co offers $35K version of Model 3, says will close many stores Wall St split: Telsa a "game changer" or losing "halo of exclusivity" ** Devon Energy: up 1.7 pct RBC downgrades to 'sector perform' ** CMS Energy Corp:: down 0.9 pct RBC raises price target by $3 ** Jianpu Technology Inc: up 1.4 pct Up after JPM raises to 'overweight' ** The Michaels Companies Inc: down 7.6 pct JPM cuts to 'neutral' on CEO departure ** 3D Systems Corp: down 13.8 pct 3D Systems set to touch 4-month high after Q4 profit tops estimates ** TG Therapeutics Inc: up 2.1 pct Drops on proposed public offering ** Pattern Energy Group Inc: down 7.8 pct Falls on Q4 revenue miss ** Splunk Inc: down 1.6 pct Rises after strong results, analysts raise price targets ** Funko Inc: up 4.3 pct Rises on Q4 beat, strong FY forecast and PT hikes ** Autodesk Inc: down 1.4 pct Autodesk touches record high on PT hikes after Q4 beat ** Southwestern Energy Co: up 4.7 pct Shares up on revenue beat, higher profit ** EBay Inc: up 0.3 pct Rises as co tries to avert proxy fight ** Caesars Entertainment Corp: up 2.0 pct Up after nominating three Icahn-backed directors to board ** Dentsply Sirona Inc: up 15.8 pct Eyes best day in 30 years on Q4 beat, job cuts plan ** Town Sports International Holdings Inc: up 5.9 pct Rises on higher Q4 revenue ** Portola Pharmaceuticals Inc: up 14.7 pct Up on positive European panel opinion on bleeding antidote ** AMC Entertainment: up 13.9 pct Rises on strong Q4 ** Pure Storage Inc: down 0.8 pct Falls on Q4 revenue, profit miss The 11 major S&P 500 sectors: The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The Day Ahead newsletter: The Morning News Call newsletter: Wall Street's main indexes climbed on Friday, after a quiet week, as strong economic data from China fed into optimism around trade but muted U.S. economic data kept a lid on gains. The top three S&P 500 percentage gainers: ** Gap Inc, up 19.1 pct ** Dentsply Sirona, up 15.8 pct ** L Brands Inc, up 7 pct The top three S&P 500 percentage losers: ** Nektar Therapeutics, down 8.2 pct ** Walgreen Boots, down 5.6 pct ** Simon Property Group Inc, down 3.5 pct The top three NYSE percentage gainers: ** Globalscape Inc, up 31.3 pct ** Castlight Health, up 21.9 pct ** Farfetch Ltd, up 21.7 pct The top three NYSE percentage losers: ** Maxar Technologies Inc, down 21.1 pct ** Universal Holdings, down 20.5 pct ** 3D Systems Corp, down 13.8 pct The top three Nasdaq percentage gainers: ** Biopath Holdings, up 175 pct ** Puma Biotechnlgy, up 39.3 pct ** Sequential Brand, up 27.3 pct The top three Nasdaq percentage losers: ** Immunogen Inc, down 46 pct ** Intrexon Corporation, down 34.4 pct ** Nutanix Inc, down 32.2 pct ** PG&E Corp: up 6.8 pct PG&E up after BlueMountain nominates 13 board members ** ImmunoGen Inc: down 46.0 pct Falls after experimental ovarian cancer drug fails trial ** Foot Locker Inc: up 5.8 pct Jumps after big same store sales beat ** Nutanix Inc: down 32.2 pct Set to give up 2019 gains after downbeat forecast ** Mersana Therapeutics Inc: down 21.5 pct Dives on 21.2 mln stock offering, double current shr count ** Puma Biotechnology Inc: up 39.3 pct Surges 20 pct on cancer drug's Q4 sales beat ** VMware Inc: up 3.0 pct Eyes record high after 4 brokerages raise PTs on Q4 beat ** Habit Restaurants Inc: up 15.4 pct Jumps after Q4 comp sales beat ** Capri Holdings Ltd: up 1.9 pct Jefferies says stock could double ** Benefitfocus Inc: down 6.7 pct Set for 5-day losing streak as top holders sell ** Intrexon Corporation: down 34.4 pct Sinks on going concern doubts, misses profit by wide margin ** Farfetch Ltd: up 21.7 pct Rises on lower-than-expected Q4 loss ** Solaris Oilfield Infrastructure Inc: up 0.2 pct Brokerages see lower capex driving strong cash flow ** Tegna Inc: up 14.3 pct Investors cheer Q4 beat ** Masco Corp: up 6.7 pct Jumps on strategic review plan for two units ** Independence Contract Drilling Inc: up 12.9 pct Up on surprise profit ** Kratos Defense & Security: down 1.7 pct Falls as govt. shutdown hurts ** Maxar Technologies: down 21.3 pct Plunges on weak Q4, dividend cut ** Exxon Mobil: up 0.6 pct Exxon Mobil to build polypropylene plant in Baton Rouge ** Jagged Peak Energy: up 3.2 pct Gains on Q4 output beat, 2019 forecast ** Acadia Healthcare: up 13.1 pct Set for best day since 2014 after results ** Imv Inc: down 16.6 pct Plunges after C$26.7 mln stock deal ** American Airlines Group Inc: down 3.4 pct ** Delta Air Lines Inc: down 2.7 pct American Airlines, Delta hit turbulence after DB downgrades ** VMware Inc: up 3.0 pct ** Workday Inc: down 4.7 pct ** Autodesk Inc: down 1.4 pct Full steam ahead for cloud sellers after upbeat reports ** Dell Technologies Inc: up 1.3 pct Resumes rally on strong Q4 report, VMWare record high ** The Gap Inc: up 19.1 pct 'Santa didn't bring sales but brought Old Navy spin instead' ** Nordstrom Inc: down 1.5 pct Nordstrom shares jump as earnings beat expectations ** Workday Inc: down 4.7 pct Workday: Shares work up to record high after Q4 beat ** Tesla Inc: down 7.6 pct Falls after co offers $35K version of Model 3, says will close many stores Wall St split: Telsa a "game changer" or losing "halo of exclusivity" ** Devon Energy: up 1.7 pct RBC downgrades to 'sector perform' ** CMS Energy Corp:: down 0.9 pct RBC raises price target by $3 ** Jianpu Technology Inc: up 1.4 pct Up after JPM raises to 'overweight' ** The Michaels Companies Inc: down 7.6 pct JPM cuts to 'neutral' on CEO departure ** 3D Systems Corp: down 13.8 pct 3D Systems set to touch 4-month high after Q4 profit tops estimates ** TG Therapeutics Inc: up 2.1 pct Drops on proposed public offering ** Pattern Energy Group Inc: down 7.8 pct Falls on Q4 revenue miss ** Splunk Inc: down 1.6 pct Rises after strong results, analysts raise price targets ** Funko Inc: up 4.3 pct Rises on Q4 beat, strong FY forecast and PT hikes ** Autodesk Inc: down 1.4 pct Autodesk touches record high on PT hikes after Q4 beat ** Southwestern Energy Co: up 4.7 pct Shares up on revenue beat, higher profit ** EBay Inc: up 0.3 pct Rises as co tries to avert proxy fight ** Caesars Entertainment Corp: up 2.0 pct Up after nominating three Icahn-backed directors to board ** Dentsply Sirona Inc: up 15.8 pct Eyes best day in 30 years on Q4 beat, job cuts plan ** Town Sports International Holdings Inc: up 5.9 pct Rises on higher Q4 revenue ** Portola Pharmaceuticals Inc: up 14.7 pct Up on positive European panel opinion on bleeding antidote ** AMC Entertainment: up 13.9 pct Rises on strong Q4 ** Pure Storage Inc: down 0.8 pct Falls on Q4 revenue, profit miss The 11 major S&P 500 sectors: The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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94599d9e-3ecb-4ee1-ab36-676d17dffa7d
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6618.0
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2019-03-01 00:00:00 UTC
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Southwest (LUV) Stock Up 4% in Yesterday's Trading: Here's Why
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AAL
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https://www.nasdaq.com/articles/southwest-luv-stock-up-4-in-yesterdays-trading%3A-heres-why-2019-03-01
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nan
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nan
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Shares of Southwest AirlinesLUV increased on Feb 28, closing the trading session at $56.04, up 4.1% over Feb 27's closing price. Notably, resurfaced speculation that billionaire investor Warren Buffett's Berkshire Hathaway was planning to buy this Dallas-based low-cost carrier triggered an uptick in the carrier's stock price.
According to the Omaha, NE-based company's latest 13-F filing, it had more than 9.5% stake in Southwest. This made the iconic investor's company the second-biggest shareholder in Southwest, after Primecap Management Company's nearly 13% stake. Reportedly , a post on Twitter by an online trading portal, StockTraders.Net, hinted at "unconfirmed talk" that Berkshire was looking to buy the rest of Southwest shares for $75 a piece. The figure is much higher than Southwest's current trading price.
Southwest Airlines Co. Price
Southwest Airlines Co. Price | Southwest Airlines Co. Quote
Buffett, the founder and CEO of Berkshire Hathaway, is commonly regarded as one of the greatest (if not the greatest) investors of all time. Therefore, even rumors surrounding a takeover by his company pleased investors.
In response to the rumors, Southwest said that "As a policy, we do not comment on speculation, but appreciate Berkshire's continued support of Southwest Airlines." However, this is not the first time such speculations have risen.
We remind investors that Berkshire Hathaway bought stakes in Delta Air Lines DAL , American Airlines AAL , United Continental Holdings UAL apart from Southwest in 2016, after having shunned the sector for more than three decades. In fact, in 2013, Buffett had termed airlines as a death trap for investors.
Speculations had emanated that the Oracle of Omaha's cash-rich company might acquire an airline player, ever since the iconic investor reversed his opinion regarding the industry. Subsequently, Southwest, which carries a Zacks Rank #2 (Buy), has been viewed as the most likely takeover candidate by most market watchers. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here .
We expect investors to remain focused on updates on this burning issue moving ahead.
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American Airlines Group Inc. (AAL): Free Stock Analysis Report
United Continental Holdings, Inc. (UAL): Free Stock Analysis Report
Delta Air Lines, Inc. (DAL): Free Stock Analysis Report
Southwest Airlines Co. (LUV): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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We remind investors that Berkshire Hathaway bought stakes in Delta Air Lines DAL , American Airlines AAL , United Continental Holdings UAL apart from Southwest in 2016, after having shunned the sector for more than three decades. Click to get this free report American Airlines Group Inc. (AAL): Free Stock Analysis Report United Continental Holdings, Inc. (UAL): Free Stock Analysis Report Delta Air Lines, Inc. (DAL): Free Stock Analysis Report Southwest Airlines Co. (LUV): Free Stock Analysis Report To read this article on Zacks.com click here. Reportedly , a post on Twitter by an online trading portal, StockTraders.Net, hinted at "unconfirmed talk" that Berkshire was looking to buy the rest of Southwest shares for $75 a piece.
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We remind investors that Berkshire Hathaway bought stakes in Delta Air Lines DAL , American Airlines AAL , United Continental Holdings UAL apart from Southwest in 2016, after having shunned the sector for more than three decades. Click to get this free report American Airlines Group Inc. (AAL): Free Stock Analysis Report United Continental Holdings, Inc. (UAL): Free Stock Analysis Report Delta Air Lines, Inc. (DAL): Free Stock Analysis Report Southwest Airlines Co. (LUV): Free Stock Analysis Report To read this article on Zacks.com click here. Southwest Airlines Co. Price Southwest Airlines Co. Price | Southwest Airlines Co. Quote Buffett, the founder and CEO of Berkshire Hathaway, is commonly regarded as one of the greatest (if not the greatest) investors of all time.
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We remind investors that Berkshire Hathaway bought stakes in Delta Air Lines DAL , American Airlines AAL , United Continental Holdings UAL apart from Southwest in 2016, after having shunned the sector for more than three decades. Click to get this free report American Airlines Group Inc. (AAL): Free Stock Analysis Report United Continental Holdings, Inc. (UAL): Free Stock Analysis Report Delta Air Lines, Inc. (DAL): Free Stock Analysis Report Southwest Airlines Co. (LUV): Free Stock Analysis Report To read this article on Zacks.com click here. Southwest Airlines Co. Price Southwest Airlines Co. Price | Southwest Airlines Co. Quote Buffett, the founder and CEO of Berkshire Hathaway, is commonly regarded as one of the greatest (if not the greatest) investors of all time.
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We remind investors that Berkshire Hathaway bought stakes in Delta Air Lines DAL , American Airlines AAL , United Continental Holdings UAL apart from Southwest in 2016, after having shunned the sector for more than three decades. Click to get this free report American Airlines Group Inc. (AAL): Free Stock Analysis Report United Continental Holdings, Inc. (UAL): Free Stock Analysis Report Delta Air Lines, Inc. (DAL): Free Stock Analysis Report Southwest Airlines Co. (LUV): Free Stock Analysis Report To read this article on Zacks.com click here. Southwest Airlines Co. Price Southwest Airlines Co. Price | Southwest Airlines Co. Quote Buffett, the founder and CEO of Berkshire Hathaway, is commonly regarded as one of the greatest (if not the greatest) investors of all time.
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ae507d8d-007b-4503-a615-d8e876acc8a9
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6619.0
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2019-03-01 00:00:00 UTC
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Vedanta's daily losses since smelter shutdown total nearly $200 mln
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AAL
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https://www.nasdaq.com/articles/vedantas-daily-losses-smelter-shutdown-total-nearly-200-mln-2019-03-01
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nan
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nan
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By Sudarshan Varadhan
NEW DELHI, March 1 () - Vedanta Ltd told an Indian court it has been losing 50 million rupees($706,000) a day ever since the closure of one of its copper smelters in May, after police fired on protesters against the plant and killed 13 people.
The government of Tamil Nadu state ordered the smelter shut permanently on May 28 last year after bloody protests at the plant in the city of Thoothukudi culminated in police opening fire on demonstrators.
That translates to a loss of about 13.8 billion rupees ($195 million) since the plant was shut nine months ago. Vedanta Group Chairman Anil Agarwal had said in July the company could lose $100 million if the plant was shut for a year.
A Vedanta spokesman did not respond to a request for comment. The case, in which the company is seeking to reopen the smelter, is due to open in the Madras High Court on Friday.
Vedanta won a favourable judgment in December from India'sNatural Green Tribunal (NGT), clearing the way to reopen the smelter, but India'sSupreme Court ruled in February that the NGT did not have the jurisdiction to grant relief.
In addition to a potentially long legal battle, reopening the smelter could face further complications with federal elections due in May. The two main political parties in Tamil Nadu are against reopening the smelter, increasing the likelihood that the shutdown will continue.
Vedanta is also seeking to gain access to its plant, which has been maintained by the government since the shutdown, and said it would need tens of millions of rupees to restore it.
The company "would be subjected to irreparable harm and hardship, not capable of being compensated in monetary terms if the interim reliefs (for access) ... are not granted," Vedanta said in its petition.
Chairman Agarwal is betting big on India despite the troubles over its Tamil Nadu smelter, and plans to invest $8.4 billion in the country over the next three years.
Vedanta's shares have lost about half their value over the last 12 months. They had their largest one-day fall in over a decade in February due to concerns over an investment in South African miner Anglo American Plc.
($1 = 70.8560 Indian rupees)
The views and 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 Sudarshan Varadhan NEW DELHI, March 1 () - Vedanta Ltd told an Indian court it has been losing 50 million rupees($706,000) a day ever since the closure of one of its copper smelters in May, after police fired on protesters against the plant and killed 13 people. The government of Tamil Nadu state ordered the smelter shut permanently on May 28 last year after bloody protests at the plant in the city of Thoothukudi culminated in police opening fire on demonstrators. The company "would be subjected to irreparable harm and hardship, not capable of being compensated in monetary terms if the interim reliefs (for access) ... are not granted," Vedanta said in its petition.
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That translates to a loss of about 13.8 billion rupees ($195 million) since the plant was shut nine months ago. The case, in which the company is seeking to reopen the smelter, is due to open in the Madras High Court on Friday. Chairman Agarwal is betting big on India despite the troubles over its Tamil Nadu smelter, and plans to invest $8.4 billion in the country over the next three years.
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By Sudarshan Varadhan NEW DELHI, March 1 () - Vedanta Ltd told an Indian court it has been losing 50 million rupees($706,000) a day ever since the closure of one of its copper smelters in May, after police fired on protesters against the plant and killed 13 people. The government of Tamil Nadu state ordered the smelter shut permanently on May 28 last year after bloody protests at the plant in the city of Thoothukudi culminated in police opening fire on demonstrators. Vedanta won a favourable judgment in December from India'sNatural Green Tribunal (NGT), clearing the way to reopen the smelter, but India'sSupreme Court ruled in February that the NGT did not have the jurisdiction to grant relief.
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That translates to a loss of about 13.8 billion rupees ($195 million) since the plant was shut nine months ago. Vedanta Group Chairman Anil Agarwal had said in July the company could lose $100 million if the plant was shut for a year. Chairman Agarwal is betting big on India despite the troubles over its Tamil Nadu smelter, and plans to invest $8.4 billion in the country over the next three years.
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d95735c2-7a3f-419c-87a0-b1154fc38d8e
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6620.0
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2019-03-01 00:00:00 UTC
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U.S. STOCKS ON THE MOVE-Gap, Walgreens Boots, Tesla, PG&E
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AAL
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https://www.nasdaq.com/articles/us-stocks-move-gap-walgreens-boots-tesla-pge-2019-03-01
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nan
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nan
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The Day Ahead newsletter:
The Morning News Call newsletter:
The S&P 500 and the Dow Jones Industrial Average rose on Friday after three days of losses, lifted by optimism on trade and upbeat economic data from China, but gains were capped by downbeat U.S. manufacturing and consumer reports.
At 13:28 ET, the Dow Jones Industrial Average was up 0.28 percent at 25,987.54. The S&P 500 was up 0.42 percent at 2,796.25 and the Nasdaq Composite was up 0.58 percent at 7,576.291.
The top three S&P 500 percentage gainers:
** Gap Inc, up 18.1 pct
** Dentsply Sirona Inc, up 17.5 pct
** Masco Corp, up 6.8 pct
The top three S&P 500 percentage losers:
** Nektar Therapeutics, down 6.8 pct
** Walgreens Boots Alliance Inc, down 6.4 pct
** Southwest Airlines Co, down 3.5 pct
The top three NYSE percentage gainers:
** Globalscape Inc, up 30 pct
** Farfetch Ltd, up 22.6 pct
** Castlight Health Inc, up 21.9 pct
The top three NYSE percentage losers:
** Maxar Technologies Inc, down 20.3 pct
** Universal Insurance Holdings Inc, down 17.5 pct
** 3D Systems Corp, down 14.2 pct
The top three Nasdaq percentage gainers:
** Biopath Holdings, up 114.6 pct
** Puma Biotechnology Inc, up 43.6 pct
** Lexicon Pharmaceuticals Inc, up 28 pct
The top three Nasdaq percentage losers:
** ImmunoGen Inc, down 46 pct
** Intrexon Corp, down 37.1 pct
** Nutanix Inc, down 31 pct
** Gap Inc: up 18.2 pct
'Santa didn't bring sales but brought Old Navy spin instead'
** Walgreens Boots Alliance Inc: down 6.4 pct
Falls after Baird cuts PT, cites industry risks
** Tesla Inc: down 8.6 pct
Falls after co offers $35K version of Model 3, says will close many stores
Wall St split: Telsa a "game changer" or losing "halo of exclusivity"
** PG&E Corp: up 4.8 pct
PG&E up after BlueMountain nominates 13 board member
** American Airlines Group Inc: down 2.8 pct
** Delta Air Lines Inc: down 2.4 pct
American Airlines, Delta hit turbulence after DB downgrades
** AppFolio Inc: down 5.7 pct
Shares fall on Q4 profit miss
** Amerisourcebergen Corp: down 0.5 pct
** McKesson Corp: down 1.8 pct
** Cardinal Health Inc: down 1.9 pct
A 'string of perils' ahead for drug distributors - Baird
** Core-Mark Holding Company Inc: up 13.3 pct
Core-Mark rings up gains after quarterly results
** L Brands Inc: up 5.5 pct
L Brands tax-refund hit forecast a warning for apparel stocks
** Stericycle Inc: up 15.6 pct
Stericycle soars on results, several leadership changes
** AMC Entertainment: up 11.7 pct
Encore! Wall St gives AMC Entertainment a standing ovation
** Radius Health Inc: up 4.1 pct
Radius Health shares look strong after results
** Live Nation Entertainment Inc: up 7.1 pct
Rise on Q4 revenue beat
** Blue Apron Holdings Inc: up 0.7 pct
Crawls higher after VC firm cuts stake
** Castlight Health Inc: up 22.3 pct
Jumps 22 pct as investors bullish on 2020 growth
** Kirkland's Inc: down 17.2 pct
Falls on holiday weakness, poor outlook
** Bio-Rad Labs: up 19.0 pct
Gains on Q4 profit beat, strong forecast
** Comscore Inc: up 7.4 pct
Shares up on Q4 revenue beat
** Universal Insurance Holdings Inc: down 17.5 pct
Universal Holdings shares tumble after reporting loss
** American Airlines Group Inc: down 2.8 pct
** Delta Air Lines Inc: down 2.4 pct
American Airlines, Delta hit turbulence after DB downgrades
** Imv Inc: down 18.5 pct
Plunges after C$26.7 mln stock deal
** Acadia Healthcare Co Inc: up 15.5 pct
Set for best day since 2014 after results
** Jagged Peak Energy Inc: up 5.0 pct
Gains on Q4 output beat, 2019 forecast
** PG&E Corp: up 4.9 pct
Up after BlueMountain nominates 13 board members
** Altice USA Inc: down 1.9 pct
Falls as BC Partners, Canada Pension Plan cut some cord
** Pure Storage Inc: down 0.3 pct
Falls on Q4 revenue, profit miss
** VMware Inc: up 3.5 pct
Eyes record high after 4 brokerages raise PTs on Q4 beat
** Habit Restaurants Inc: up 15.2 pct
Jumps after Q4 comp sales beat
** Capri Holdings Ltd: up 2.4 pct
Jefferies says stock could double
** Benefitfocus Inc: down 5.1 pct
Set for 5-day losing streak as top holders sell
** Intrexon Corporation: down 37.1 pct
Sinks on going concern doubts, misses profit by wide margin
** Farfetch Ltd: up 22.6 pct
Rises on lower-than-expected Q4 loss
** Solaris Oilfield Infrastructure Inc: up 0.6 pct
Brokerages see lower capex driving strong cash flow
** Tegna Inc: up 14.8 pct
Investors cheer Q4 beat
** Masco Corp: up 6.8 pct
Jumps on strategic review plan for two units
** Entegris Inc: up 0.9 pct
Seaport says Entegris offer "makes significantly more sense"
** Independence Contract Drilling Inc: up 13.9 pct
Up on surprise profit
** Kratos Defense & Security: down 2.9 pct
Falls as govt. shutdown hurts
** Maxar Technologies: down 20.5 pct
Plunges on weak Q4, dividend cut
** Exxon Mobil: up 0.4 pct
Exxon Mobil to build polypropylene plant in Baton Rouge
** Jagged Peak Energy: up 5.0 pct
Gains on Q4 output beat, 2019 forecast
** Acadia Healthcare: up 15.5 pct
Set for best day since 2014 after results
** Imv Inc: down 18.5 pct
Plunges after C$26.7 mln stock deal
** VMware Inc: up 3.5 pct
** Workday Inc: down 4.2 pct
** Autodesk Inc: down 1.5 pct
Full steam ahead for cloud sellers after upbeat reports
** Dell Technologies Inc: up 2.2 pct
Resumes rally on strong Q4 report, VMWare record high
** Nordstrom Inc: down 0.1 pct
Nordstrom shares jump as earnings beat expectations
** Workday Inc: down 4.2 pct
Workday: Shares work up to record high after Q4 beat
** Devon Energy: up 1.4 pct
RBC downgrades to 'sector perform'
** CMS Energy Corp:: down 0.8 pct
RBC raises price target by $3
** Jianpu Technology Inc: up 0.7 pct
Up after JPM raises to 'overweight'
** The Michaels Companies Inc: down 5.9 pct
JPM cuts to 'neutral' on CEO departure
** 3D Systems Corp: down 14.2 pct
3D Systems set to touch 4-month high after Q4 profit tops estimates
** TG Therapeutics Inc: up 1.5 pct
Drops on proposed public offering
** ImmunoGen Inc: down 46.0 pct
Falls after experimental ovarian cancer drug fails trial
** Foot Locker Inc: up 5.8 pct
Jumps after big same store sales beat
** Nutanix Inc: down 31.0 pct
Set to give up 2019 gains after downbeat forecast
** Mersana Therapeutics Inc: down 19.1 pct
Dives on 21.2 mln stock offering, double current shr count
** Puma Biotechnology Inc: up 43.6 pct
Surges 20 pct on cancer drug's Q4 sales beat
** Pattern Energy Group Inc: down 8.0 pct
Falls on Q4 revenue miss
** Splunk Inc: down 0.8 pct
Rises after strong results, analysts raise price targets
** Funko Inc: up 9.5 pct
Rises on Q4 beat, strong FY forecast and PT hikes
** Autodesk Inc: down 1.5 pct
Autodesk touches record high on PT hikes after Q4 beat
** Southwestern Energy Co: up 5.7 pct
Shares up on revenue beat, higher profit
** EBay Inc: up 1.0 pct
Rises as co tries to avert proxy fight
** Caesars Entertainment Corp: up 3.4 pct
Up after nominating three Icahn-backed directors to board
** Dentsply Sirona Inc: up 17.5 pct
Eyes best day in 30 years on Q4 beat, job cuts plan
** Town Sports International Holdings Inc: up 5.9 pct
Rises on higher Q4 revenue
** Portola Pharmaceuticals Inc: up 13.4 pct
Up on positive European panel opinion on bleeding antidote
** AMC Entertainment: up 11.8 pct
Rises on strong Q4
The 11 major S&P 500 sectors:
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The Day Ahead newsletter: The Morning News Call newsletter: The S&P 500 and the Dow Jones Industrial Average rose on Friday after three days of losses, lifted by optimism on trade and upbeat economic data from China, but gains were capped by downbeat U.S. manufacturing and consumer reports. At 13:28 ET, the Dow Jones Industrial Average was up 0.28 percent at 25,987.54. shutdown hurts ** Maxar Technologies: down 20.5 pct Plunges on weak Q4, dividend cut ** Exxon Mobil: up 0.4 pct Exxon Mobil to build polypropylene plant in Baton Rouge ** Jagged Peak Energy: up 5.0 pct Gains on Q4 output beat, 2019 forecast ** Acadia Healthcare: up 15.5 pct Set for best day since 2014 after results ** Imv Inc: down 18.5 pct Plunges after C$26.7 mln stock deal ** VMware Inc: up 3.5 pct ** Workday Inc: down 4.2 pct ** Autodesk Inc: down 1.5 pct Full steam ahead for cloud sellers after upbeat reports ** Dell Technologies Inc: up 2.2 pct Resumes rally on strong Q4 report, VMWare record high ** Nordstrom Inc: down 0.1 pct Nordstrom shares jump as earnings beat expectations ** Workday Inc: down 4.2 pct Workday: Shares work up to record high after Q4 beat ** Devon Energy: up 1.4 pct RBC downgrades to 'sector perform' ** CMS Energy Corp:: down 0.8 pct RBC raises price target by $3 ** Jianpu Technology Inc: up 0.7 pct Up after JPM raises to 'overweight' ** The Michaels Companies Inc: down 5.9 pct JPM cuts to 'neutral' on CEO departure ** 3D Systems Corp: down 14.2 pct 3D Systems set to touch 4-month high after Q4 profit tops estimates ** TG Therapeutics Inc: up 1.5 pct Drops on proposed public offering ** ImmunoGen Inc: down 46.0 pct Falls after experimental ovarian cancer drug fails trial ** Foot Locker Inc: up 5.8 pct Jumps after big same store sales beat ** Nutanix Inc: down 31.0 pct Set to give up 2019 gains after downbeat forecast ** Mersana Therapeutics Inc: down 19.1 pct Dives on 21.2 mln stock offering, double current shr count ** Puma Biotechnology Inc: up 43.6 pct Surges 20 pct on cancer drug's Q4 sales beat ** Pattern Energy Group Inc: down 8.0 pct Falls on Q4 revenue miss ** Splunk Inc: down 0.8 pct Rises after strong results, analysts raise price targets ** Funko Inc: up 9.5 pct Rises on Q4 beat, strong FY forecast and PT hikes ** Autodesk Inc: down 1.5 pct Autodesk touches record high on PT hikes after Q4 beat ** Southwestern Energy Co: up 5.7 pct Shares up on revenue beat, higher profit ** EBay Inc: up 1.0 pct Rises as co tries to avert proxy fight ** Caesars Entertainment Corp: up 3.4 pct Up after nominating three Icahn-backed directors to board ** Dentsply Sirona Inc: up 17.5 pct Eyes best day in 30 years on Q4 beat, job cuts plan ** Town Sports International Holdings Inc: up 5.9 pct Rises on higher Q4 revenue ** Portola Pharmaceuticals Inc: up 13.4 pct Up on positive European panel opinion on bleeding antidote ** AMC Entertainment: up 11.8 pct Rises on strong Q4 The 11 major S&P 500 sectors: The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The top three S&P 500 percentage gainers: ** Gap Inc, up 18.1 pct ** Dentsply Sirona Inc, up 17.5 pct ** Masco Corp, up 6.8 pct The top three S&P 500 percentage losers: ** Nektar Therapeutics, down 6.8 pct ** Walgreens Boots Alliance Inc, down 6.4 pct ** Southwest Airlines Co, down 3.5 pct The top three NYSE percentage gainers: ** Globalscape Inc, up 30 pct ** Farfetch Ltd, up 22.6 pct ** Castlight Health Inc, up 21.9 pct The top three NYSE percentage losers: ** Maxar Technologies Inc, down 20.3 pct ** Universal Insurance Holdings Inc, down 17.5 pct ** 3D Systems Corp, down 14.2 pct The top three Nasdaq percentage gainers: ** Biopath Holdings, up 114.6 pct ** Puma Biotechnology Inc, up 43.6 pct ** Lexicon Pharmaceuticals Inc, up 28 pct The top three Nasdaq percentage losers: ** ImmunoGen Inc, down 46 pct ** Intrexon Corp, down 37.1 pct ** Nutanix Inc, down 31 pct ** Gap Inc: up 18.2 pct 'Santa didn't bring sales but brought Old Navy spin instead' ** Walgreens Boots Alliance Inc: down 6.4 pct Falls after Baird cuts PT, cites industry risks ** Tesla Inc: down 8.6 pct Falls after co offers $35K version of Model 3, says will close many stores Wall St split: Telsa a "game changer" or losing "halo of exclusivity" ** PG&E Corp: up 4.8 pct PG&E up after BlueMountain nominates 13 board member ** American Airlines Group Inc: down 2.8 pct ** Delta Air Lines Inc: down 2.4 pct American Airlines, Delta hit turbulence after DB downgrades ** AppFolio Inc: down 5.7 pct Shares fall on Q4 profit miss ** Amerisourcebergen Corp: down 0.5 pct ** McKesson Corp: down 1.8 pct ** Cardinal Health Inc: down 1.9 pct A 'string of perils' ahead for drug distributors - Baird ** Core-Mark Holding Company Inc: up 13.3 pct Core-Mark rings up gains after quarterly results ** L Brands Inc: up 5.5 pct L Brands tax-refund hit forecast a warning for apparel stocks ** Stericycle Inc: up 15.6 pct Stericycle soars on results, several leadership changes ** AMC Entertainment: up 11.7 pct Encore! Wall St gives AMC Entertainment a standing ovation ** Radius Health Inc: up 4.1 pct Radius Health shares look strong after results ** Live Nation Entertainment Inc: up 7.1 pct Rise on Q4 revenue beat ** Blue Apron Holdings Inc: up 0.7 pct Crawls higher after VC firm cuts stake ** Castlight Health Inc: up 22.3 pct Jumps 22 pct as investors bullish on 2020 growth ** Kirkland's Inc: down 17.2 pct Falls on holiday weakness, poor outlook ** Bio-Rad Labs: up 19.0 pct Gains on Q4 profit beat, strong forecast ** Comscore Inc: up 7.4 pct Shares up on Q4 revenue beat ** Universal Insurance Holdings Inc: down 17.5 pct Universal Holdings shares tumble after reporting loss ** American Airlines Group Inc: down 2.8 pct ** Delta Air Lines Inc: down 2.4 pct American Airlines, Delta hit turbulence after DB downgrades ** Imv Inc: down 18.5 pct Plunges after C$26.7 mln stock deal ** Acadia Healthcare Co Inc: up 15.5 pct Set for best day since 2014 after results ** Jagged Peak Energy Inc: up 5.0 pct Gains on Q4 output beat, 2019 forecast ** PG&E Corp: up 4.9 pct Up after BlueMountain nominates 13 board members ** Altice USA Inc: down 1.9 pct Falls as BC Partners, Canada Pension Plan cut some cord ** Pure Storage Inc: down 0.3 pct Falls on Q4 revenue, profit miss ** VMware Inc: up 3.5 pct Eyes record high after 4 brokerages raise PTs on Q4 beat ** Habit Restaurants Inc: up 15.2 pct Jumps after Q4 comp sales beat ** Capri Holdings Ltd: up 2.4 pct Jefferies says stock could double ** Benefitfocus Inc: down 5.1 pct Set for 5-day losing streak as top holders sell ** Intrexon Corporation: down 37.1 pct Sinks on going concern doubts, misses profit by wide margin ** Farfetch Ltd: up 22.6 pct Rises on lower-than-expected Q4 loss ** Solaris Oilfield Infrastructure Inc: up 0.6 pct Brokerages see lower capex driving strong cash flow ** Tegna Inc: up 14.8 pct Investors cheer Q4 beat ** Masco Corp: up 6.8 pct Jumps on strategic review plan for two units ** Entegris Inc: up 0.9 pct Seaport says Entegris offer "makes significantly more sense" ** Independence Contract Drilling Inc: up 13.9 pct Up on surprise profit ** Kratos Defense & Security: down 2.9 pct Falls as govt. shutdown hurts ** Maxar Technologies: down 20.5 pct Plunges on weak Q4, dividend cut ** Exxon Mobil: up 0.4 pct Exxon Mobil to build polypropylene plant in Baton Rouge ** Jagged Peak Energy: up 5.0 pct Gains on Q4 output beat, 2019 forecast ** Acadia Healthcare: up 15.5 pct Set for best day since 2014 after results ** Imv Inc: down 18.5 pct Plunges after C$26.7 mln stock deal ** VMware Inc: up 3.5 pct ** Workday Inc: down 4.2 pct ** Autodesk Inc: down 1.5 pct Full steam ahead for cloud sellers after upbeat reports ** Dell Technologies Inc: up 2.2 pct Resumes rally on strong Q4 report, VMWare record high ** Nordstrom Inc: down 0.1 pct Nordstrom shares jump as earnings beat expectations ** Workday Inc: down 4.2 pct Workday: Shares work up to record high after Q4 beat ** Devon Energy: up 1.4 pct RBC downgrades to 'sector perform' ** CMS Energy Corp:: down 0.8 pct RBC raises price target by $3 ** Jianpu Technology Inc: up 0.7 pct Up after JPM raises to 'overweight' ** The Michaels Companies Inc: down 5.9 pct JPM cuts to 'neutral' on CEO departure ** 3D Systems Corp: down 14.2 pct 3D Systems set to touch 4-month high after Q4 profit tops estimates ** TG Therapeutics Inc: up 1.5 pct Drops on proposed public offering ** ImmunoGen Inc: down 46.0 pct Falls after experimental ovarian cancer drug fails trial ** Foot Locker Inc: up 5.8 pct Jumps after big same store sales beat ** Nutanix Inc: down 31.0 pct Set to give up 2019 gains after downbeat forecast ** Mersana Therapeutics Inc: down 19.1 pct Dives on 21.2 mln stock offering, double current shr count ** Puma Biotechnology Inc: up 43.6 pct Surges 20 pct on cancer drug's Q4 sales beat ** Pattern Energy Group Inc: down 8.0 pct Falls on Q4 revenue miss ** Splunk Inc: down 0.8 pct Rises after strong results, analysts raise price targets ** Funko Inc: up 9.5 pct Rises on Q4 beat, strong FY forecast and PT hikes ** Autodesk Inc: down 1.5 pct Autodesk touches record high on PT hikes after Q4 beat ** Southwestern Energy Co: up 5.7 pct Shares up on revenue beat, higher profit ** EBay Inc: up 1.0 pct Rises as co tries to avert proxy fight ** Caesars Entertainment Corp: up 3.4 pct Up after nominating three Icahn-backed directors to board ** Dentsply Sirona Inc: up 17.5 pct Eyes best day in 30 years on Q4 beat, job cuts plan ** Town Sports International Holdings Inc: up 5.9 pct Rises on higher Q4 revenue ** Portola Pharmaceuticals Inc: up 13.4 pct Up on positive European panel opinion on bleeding antidote ** AMC Entertainment: up 11.8 pct Rises on strong Q4 The 11 major S&P 500 sectors: The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The top three S&P 500 percentage gainers: ** Gap Inc, up 18.1 pct ** Dentsply Sirona Inc, up 17.5 pct ** Masco Corp, up 6.8 pct The top three S&P 500 percentage losers: ** Nektar Therapeutics, down 6.8 pct ** Walgreens Boots Alliance Inc, down 6.4 pct ** Southwest Airlines Co, down 3.5 pct The top three NYSE percentage gainers: ** Globalscape Inc, up 30 pct ** Farfetch Ltd, up 22.6 pct ** Castlight Health Inc, up 21.9 pct The top three NYSE percentage losers: ** Maxar Technologies Inc, down 20.3 pct ** Universal Insurance Holdings Inc, down 17.5 pct ** 3D Systems Corp, down 14.2 pct The top three Nasdaq percentage gainers: ** Biopath Holdings, up 114.6 pct ** Puma Biotechnology Inc, up 43.6 pct ** Lexicon Pharmaceuticals Inc, up 28 pct The top three Nasdaq percentage losers: ** ImmunoGen Inc, down 46 pct ** Intrexon Corp, down 37.1 pct ** Nutanix Inc, down 31 pct ** Gap Inc: up 18.2 pct 'Santa didn't bring sales but brought Old Navy spin instead' ** Walgreens Boots Alliance Inc: down 6.4 pct Falls after Baird cuts PT, cites industry risks ** Tesla Inc: down 8.6 pct Falls after co offers $35K version of Model 3, says will close many stores Wall St split: Telsa a "game changer" or losing "halo of exclusivity" ** PG&E Corp: up 4.8 pct PG&E up after BlueMountain nominates 13 board member ** American Airlines Group Inc: down 2.8 pct ** Delta Air Lines Inc: down 2.4 pct American Airlines, Delta hit turbulence after DB downgrades ** AppFolio Inc: down 5.7 pct Shares fall on Q4 profit miss ** Amerisourcebergen Corp: down 0.5 pct ** McKesson Corp: down 1.8 pct ** Cardinal Health Inc: down 1.9 pct A 'string of perils' ahead for drug distributors - Baird ** Core-Mark Holding Company Inc: up 13.3 pct Core-Mark rings up gains after quarterly results ** L Brands Inc: up 5.5 pct L Brands tax-refund hit forecast a warning for apparel stocks ** Stericycle Inc: up 15.6 pct Stericycle soars on results, several leadership changes ** AMC Entertainment: up 11.7 pct Encore! Wall St gives AMC Entertainment a standing ovation ** Radius Health Inc: up 4.1 pct Radius Health shares look strong after results ** Live Nation Entertainment Inc: up 7.1 pct Rise on Q4 revenue beat ** Blue Apron Holdings Inc: up 0.7 pct Crawls higher after VC firm cuts stake ** Castlight Health Inc: up 22.3 pct Jumps 22 pct as investors bullish on 2020 growth ** Kirkland's Inc: down 17.2 pct Falls on holiday weakness, poor outlook ** Bio-Rad Labs: up 19.0 pct Gains on Q4 profit beat, strong forecast ** Comscore Inc: up 7.4 pct Shares up on Q4 revenue beat ** Universal Insurance Holdings Inc: down 17.5 pct Universal Holdings shares tumble after reporting loss ** American Airlines Group Inc: down 2.8 pct ** Delta Air Lines Inc: down 2.4 pct American Airlines, Delta hit turbulence after DB downgrades ** Imv Inc: down 18.5 pct Plunges after C$26.7 mln stock deal ** Acadia Healthcare Co Inc: up 15.5 pct Set for best day since 2014 after results ** Jagged Peak Energy Inc: up 5.0 pct Gains on Q4 output beat, 2019 forecast ** PG&E Corp: up 4.9 pct Up after BlueMountain nominates 13 board members ** Altice USA Inc: down 1.9 pct Falls as BC Partners, Canada Pension Plan cut some cord ** Pure Storage Inc: down 0.3 pct Falls on Q4 revenue, profit miss ** VMware Inc: up 3.5 pct Eyes record high after 4 brokerages raise PTs on Q4 beat ** Habit Restaurants Inc: up 15.2 pct Jumps after Q4 comp sales beat ** Capri Holdings Ltd: up 2.4 pct Jefferies says stock could double ** Benefitfocus Inc: down 5.1 pct Set for 5-day losing streak as top holders sell ** Intrexon Corporation: down 37.1 pct Sinks on going concern doubts, misses profit by wide margin ** Farfetch Ltd: up 22.6 pct Rises on lower-than-expected Q4 loss ** Solaris Oilfield Infrastructure Inc: up 0.6 pct Brokerages see lower capex driving strong cash flow ** Tegna Inc: up 14.8 pct Investors cheer Q4 beat ** Masco Corp: up 6.8 pct Jumps on strategic review plan for two units ** Entegris Inc: up 0.9 pct Seaport says Entegris offer "makes significantly more sense" ** Independence Contract Drilling Inc: up 13.9 pct Up on surprise profit ** Kratos Defense & Security: down 2.9 pct Falls as govt. shutdown hurts ** Maxar Technologies: down 20.5 pct Plunges on weak Q4, dividend cut ** Exxon Mobil: up 0.4 pct Exxon Mobil to build polypropylene plant in Baton Rouge ** Jagged Peak Energy: up 5.0 pct Gains on Q4 output beat, 2019 forecast ** Acadia Healthcare: up 15.5 pct Set for best day since 2014 after results ** Imv Inc: down 18.5 pct Plunges after C$26.7 mln stock deal ** VMware Inc: up 3.5 pct ** Workday Inc: down 4.2 pct ** Autodesk Inc: down 1.5 pct Full steam ahead for cloud sellers after upbeat reports ** Dell Technologies Inc: up 2.2 pct Resumes rally on strong Q4 report, VMWare record high ** Nordstrom Inc: down 0.1 pct Nordstrom shares jump as earnings beat expectations ** Workday Inc: down 4.2 pct Workday: Shares work up to record high after Q4 beat ** Devon Energy: up 1.4 pct RBC downgrades to 'sector perform' ** CMS Energy Corp:: down 0.8 pct RBC raises price target by $3 ** Jianpu Technology Inc: up 0.7 pct Up after JPM raises to 'overweight' ** The Michaels Companies Inc: down 5.9 pct JPM cuts to 'neutral' on CEO departure ** 3D Systems Corp: down 14.2 pct 3D Systems set to touch 4-month high after Q4 profit tops estimates ** TG Therapeutics Inc: up 1.5 pct Drops on proposed public offering ** ImmunoGen Inc: down 46.0 pct Falls after experimental ovarian cancer drug fails trial ** Foot Locker Inc: up 5.8 pct Jumps after big same store sales beat ** Nutanix Inc: down 31.0 pct Set to give up 2019 gains after downbeat forecast ** Mersana Therapeutics Inc: down 19.1 pct Dives on 21.2 mln stock offering, double current shr count ** Puma Biotechnology Inc: up 43.6 pct Surges 20 pct on cancer drug's Q4 sales beat ** Pattern Energy Group Inc: down 8.0 pct Falls on Q4 revenue miss ** Splunk Inc: down 0.8 pct Rises after strong results, analysts raise price targets ** Funko Inc: up 9.5 pct Rises on Q4 beat, strong FY forecast and PT hikes ** Autodesk Inc: down 1.5 pct Autodesk touches record high on PT hikes after Q4 beat ** Southwestern Energy Co: up 5.7 pct Shares up on revenue beat, higher profit ** EBay Inc: up 1.0 pct Rises as co tries to avert proxy fight ** Caesars Entertainment Corp: up 3.4 pct Up after nominating three Icahn-backed directors to board ** Dentsply Sirona Inc: up 17.5 pct Eyes best day in 30 years on Q4 beat, job cuts plan ** Town Sports International Holdings Inc: up 5.9 pct Rises on higher Q4 revenue ** Portola Pharmaceuticals Inc: up 13.4 pct Up on positive European panel opinion on bleeding antidote ** AMC Entertainment: up 11.8 pct Rises on strong Q4 The 11 major S&P 500 sectors: The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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At 13:28 ET, the Dow Jones Industrial Average was up 0.28 percent at 25,987.54. The top three S&P 500 percentage gainers: ** Gap Inc, up 18.1 pct ** Dentsply Sirona Inc, up 17.5 pct ** Masco Corp, up 6.8 pct The top three S&P 500 percentage losers: ** Nektar Therapeutics, down 6.8 pct ** Walgreens Boots Alliance Inc, down 6.4 pct ** Southwest Airlines Co, down 3.5 pct The top three NYSE percentage gainers: ** Globalscape Inc, up 30 pct ** Farfetch Ltd, up 22.6 pct ** Castlight Health Inc, up 21.9 pct The top three NYSE percentage losers: ** Maxar Technologies Inc, down 20.3 pct ** Universal Insurance Holdings Inc, down 17.5 pct ** 3D Systems Corp, down 14.2 pct The top three Nasdaq percentage gainers: ** Biopath Holdings, up 114.6 pct ** Puma Biotechnology Inc, up 43.6 pct ** Lexicon Pharmaceuticals Inc, up 28 pct The top three Nasdaq percentage losers: ** ImmunoGen Inc, down 46 pct ** Intrexon Corp, down 37.1 pct ** Nutanix Inc, down 31 pct ** Gap Inc: up 18.2 pct 'Santa didn't bring sales but brought Old Navy spin instead' ** Walgreens Boots Alliance Inc: down 6.4 pct Falls after Baird cuts PT, cites industry risks ** Tesla Inc: down 8.6 pct Falls after co offers $35K version of Model 3, says will close many stores Wall St split: Telsa a "game changer" or losing "halo of exclusivity" ** PG&E Corp: up 4.8 pct PG&E up after BlueMountain nominates 13 board member ** American Airlines Group Inc: down 2.8 pct ** Delta Air Lines Inc: down 2.4 pct American Airlines, Delta hit turbulence after DB downgrades ** AppFolio Inc: down 5.7 pct Shares fall on Q4 profit miss ** Amerisourcebergen Corp: down 0.5 pct ** McKesson Corp: down 1.8 pct ** Cardinal Health Inc: down 1.9 pct A 'string of perils' ahead for drug distributors - Baird ** Core-Mark Holding Company Inc: up 13.3 pct Core-Mark rings up gains after quarterly results ** L Brands Inc: up 5.5 pct L Brands tax-refund hit forecast a warning for apparel stocks ** Stericycle Inc: up 15.6 pct Stericycle soars on results, several leadership changes ** AMC Entertainment: up 11.7 pct Encore! Wall St gives AMC Entertainment a standing ovation ** Radius Health Inc: up 4.1 pct Radius Health shares look strong after results ** Live Nation Entertainment Inc: up 7.1 pct Rise on Q4 revenue beat ** Blue Apron Holdings Inc: up 0.7 pct Crawls higher after VC firm cuts stake ** Castlight Health Inc: up 22.3 pct Jumps 22 pct as investors bullish on 2020 growth ** Kirkland's Inc: down 17.2 pct Falls on holiday weakness, poor outlook ** Bio-Rad Labs: up 19.0 pct Gains on Q4 profit beat, strong forecast ** Comscore Inc: up 7.4 pct Shares up on Q4 revenue beat ** Universal Insurance Holdings Inc: down 17.5 pct Universal Holdings shares tumble after reporting loss ** American Airlines Group Inc: down 2.8 pct ** Delta Air Lines Inc: down 2.4 pct American Airlines, Delta hit turbulence after DB downgrades ** Imv Inc: down 18.5 pct Plunges after C$26.7 mln stock deal ** Acadia Healthcare Co Inc: up 15.5 pct Set for best day since 2014 after results ** Jagged Peak Energy Inc: up 5.0 pct Gains on Q4 output beat, 2019 forecast ** PG&E Corp: up 4.9 pct Up after BlueMountain nominates 13 board members ** Altice USA Inc: down 1.9 pct Falls as BC Partners, Canada Pension Plan cut some cord ** Pure Storage Inc: down 0.3 pct Falls on Q4 revenue, profit miss ** VMware Inc: up 3.5 pct Eyes record high after 4 brokerages raise PTs on Q4 beat ** Habit Restaurants Inc: up 15.2 pct Jumps after Q4 comp sales beat ** Capri Holdings Ltd: up 2.4 pct Jefferies says stock could double ** Benefitfocus Inc: down 5.1 pct Set for 5-day losing streak as top holders sell ** Intrexon Corporation: down 37.1 pct Sinks on going concern doubts, misses profit by wide margin ** Farfetch Ltd: up 22.6 pct Rises on lower-than-expected Q4 loss ** Solaris Oilfield Infrastructure Inc: up 0.6 pct Brokerages see lower capex driving strong cash flow ** Tegna Inc: up 14.8 pct Investors cheer Q4 beat ** Masco Corp: up 6.8 pct Jumps on strategic review plan for two units ** Entegris Inc: up 0.9 pct Seaport says Entegris offer "makes significantly more sense" ** Independence Contract Drilling Inc: up 13.9 pct Up on surprise profit ** Kratos Defense & Security: down 2.9 pct Falls as govt.
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655bad31-4a5c-4b37-920e-bebd285a2bae
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6621.0
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2019-02-28 00:00:00 UTC
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Airline Stock Roundup: LUV Hawaii-Bound, U.S. Carriers Eye Haneda Airport Slots
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AAL
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https://www.nasdaq.com/articles/airline-stock-roundup%3A-luv-hawaii-bound-u.s.-carriers-eye-haneda-airport-slots-2019-02-28
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nan
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In the past week, Southwest Airlines LUV trimmed its first-quarter projection for operating revenue per available seat mile (RASM: a key measure of unit revenues) due to the 35-day partial U.S. government shutdown. On an encouraging note, the carrier finally gained approval to fly to Hawaii. The government shutdown had delayed the approval process.
With the Olympics to be held in Tokyo next year, leading U.S. carriers like United Airlines - the wholly owned subsidiary of United Continental Holdings UAL , Delta Air Lines DAL and American Airlines AAL are seeking approval from the U.S. Department of Transportation (DOT) to fly to Tokyo's Haneda Airport. An update pertaining to JetBlue Airways' JBLU efforts to strengthen its Boston footprint was also available in the past week.
(Read the last Airline Stock Roundup for Feb 20, 2019 )
Recap of the Past Week's Most Important Stories
1. Southwest Airlines anticipates first-quarter 2019 revenues to be adversely impacted to the tune of $60 million due to the government shutdown. Previously, the airline predicted revenues to decline by $10-$15 million. As a result of weak bookings, the airline now forecasts RASM to increase in the range of 3-4% compared with a rise of 4-5% expected earlier. (Read more: Southwest Shares Decline on Dull Q1 Unit Revenue View ).
Furthermore, Southwest Airlines took a major step toward fulfilling its 2019 growth plans when it received approval from the Federal Aviation Administration (FAA) to fly to the Hawaiian Islands. Tickets on the routes will be shortly available. Once the company commences operations to the islands, competition will heat up particularly for Hawaiian Airlines - the subsidiary of Hawaiian Holdings HA . This is because it is dependent on the Hawaii market for generation of most of its revenues.
Southwest Airlines carries a Zacks Rank #2 (Buy). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here .
2. United Airlines filed an application with the DOT to operate daily non-stop flights to Tokyo's Haneda Airport from six U.S. international airports. In the summer of 2020, United Airlines plans to commence operations to Haneda after the slots are awarded from its hubs at Newark Liberty, Chicago O'Hare, Washington Dulles, Los Angeles International, Houston George Bush and Guam (read more: United Airlines Looking to Expand Operations to Haneda Airport ).
3. In a bid to strengthen its presence in Boston, JetBlue announced that it will add more flights connecting Logan International Airport to its 12 existing routes, extending along the eastern half of the United States. Notably, JetBlue will start adding the flights that will operate on a daily basis from this summer.
Additionally, this low-cost carrier aims to start offering hourly service to two key northeast markets - Washington, D.C. and the New York Metro Area - from Boston in order to meet its target of 200 daily departures.
4. In a customer-friendly move, Alaska Airlines - the wholly owned subsidiary of Alaska Air Group ALK - has decided to upgrade and expand facilities at the San Francisco International Airport (SFO) lounge. To this end, the carrier aims to build a new 8,500-square-foot top floor lounge at the airport. The new lounge is anticipated to start functioning next year and will be the first in terminal 2. The above decision is part of the carrier's multi-year commitment to improve the lounge experience of travelers at SFO.
5. According to International Air Transport Association's (IATA) 2018 safety-related data in the aviation space, rate for all accidents (accidents per 1 million flights) increased on a year-over-year basis. The rate for such accidents was 1.35 (one accident for every 740,000 flights) compared with 2017 figure of 1.11. The comparable figure for 2013-2017 period was 1.79. Moreover, the rate for major jet accidents (jet hull losses per 1 million flights) in 2018 was 0.19 (one major accident for every 5.4 million flights). The figure compared favorably with 0.29 recorded in the 2013-2017 period. The comparable figure was 0.12.
Additionally, in 2018 there were 11 fatal accidents with 523 fatalities related to passengers/ crew. In the 2013-2017 period, there was an average of 8.8 fatal accidents, with approximately 234 fatalities per year. In 2017, the industry experienced a record low of 6 fatal accidents, with 19 fatalities. Moreover, one accident in 2017 resulted in the deaths of 35 persons on the ground.
Price Performance
The following table shows the price movement of the major airline players over the past week and during the last six months.
The table above shows that almost all airline stocks traded in the red over the past week leading to the NYSE ARCA Airline Index decreasing 2%. Over the course of six months, the sector tracker decreased 4.1%.
What's Next in the Airline Space?
With leading carriers scheduled to present at the 2019 J.P. Morgan Aviation, Transportation & Industrials Conference on Mar 5, investors will await updates from the same.
Zacks' Top 10 Stocks for 2019
In addition to the stocks discussed above, would you like to know about our 10 finest buy-and-holds for the year?
Who wouldn't? Our annual Top 10s have beaten the market with amazing regularity. In 2018, while the market dropped -5.2%, the portfolio scored well into double-digits overall with individual stocks rising as high as +61.5%. And from 2012-2017, while the market boomed +126.3, Zacks' Top 10s reached an even more sensational +181.9%.
See Latest Stocks Today >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Southwest Airlines Co. (LUV): Free Stock Analysis Report
Delta Air Lines, Inc. (DAL): Free Stock Analysis Report
American Airlines Group Inc. (AAL): Free Stock Analysis Report
Alaska Air Group, Inc. (ALK): Free Stock Analysis Report
JetBlue Airways Corporation (JBLU): Free Stock Analysis Report
United Continental Holdings, Inc. (UAL): Free Stock Analysis Report
Hawaiian Holdings, Inc. (HA): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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With the Olympics to be held in Tokyo next year, leading U.S. carriers like United Airlines - the wholly owned subsidiary of United Continental Holdings UAL , Delta Air Lines DAL and American Airlines AAL are seeking approval from the U.S. Department of Transportation (DOT) to fly to Tokyo's Haneda Airport. Click to get this free report Southwest Airlines Co. (LUV): Free Stock Analysis Report Delta Air Lines, Inc. (DAL): Free Stock Analysis Report American Airlines Group Inc. (AAL): Free Stock Analysis Report Alaska Air Group, Inc. (ALK): Free Stock Analysis Report JetBlue Airways Corporation (JBLU): Free Stock Analysis Report United Continental Holdings, Inc. (UAL): Free Stock Analysis Report Hawaiian Holdings, Inc. (HA): Free Stock Analysis Report To read this article on Zacks.com click here. Furthermore, Southwest Airlines took a major step toward fulfilling its 2019 growth plans when it received approval from the Federal Aviation Administration (FAA) to fly to the Hawaiian Islands.
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With the Olympics to be held in Tokyo next year, leading U.S. carriers like United Airlines - the wholly owned subsidiary of United Continental Holdings UAL , Delta Air Lines DAL and American Airlines AAL are seeking approval from the U.S. Department of Transportation (DOT) to fly to Tokyo's Haneda Airport. Click to get this free report Southwest Airlines Co. (LUV): Free Stock Analysis Report Delta Air Lines, Inc. (DAL): Free Stock Analysis Report American Airlines Group Inc. (AAL): Free Stock Analysis Report Alaska Air Group, Inc. (ALK): Free Stock Analysis Report JetBlue Airways Corporation (JBLU): Free Stock Analysis Report United Continental Holdings, Inc. (UAL): Free Stock Analysis Report Hawaiian Holdings, Inc. (HA): Free Stock Analysis Report To read this article on Zacks.com click here. In a customer-friendly move, Alaska Airlines - the wholly owned subsidiary of Alaska Air Group ALK - has decided to upgrade and expand facilities at the San Francisco International Airport (SFO) lounge.
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With the Olympics to be held in Tokyo next year, leading U.S. carriers like United Airlines - the wholly owned subsidiary of United Continental Holdings UAL , Delta Air Lines DAL and American Airlines AAL are seeking approval from the U.S. Department of Transportation (DOT) to fly to Tokyo's Haneda Airport. Click to get this free report Southwest Airlines Co. (LUV): Free Stock Analysis Report Delta Air Lines, Inc. (DAL): Free Stock Analysis Report American Airlines Group Inc. (AAL): Free Stock Analysis Report Alaska Air Group, Inc. (ALK): Free Stock Analysis Report JetBlue Airways Corporation (JBLU): Free Stock Analysis Report United Continental Holdings, Inc. (UAL): Free Stock Analysis Report Hawaiian Holdings, Inc. (HA): Free Stock Analysis Report To read this article on Zacks.com click here. In the summer of 2020, United Airlines plans to commence operations to Haneda after the slots are awarded from its hubs at Newark Liberty, Chicago O'Hare, Washington Dulles, Los Angeles International, Houston George Bush and Guam (read more: United Airlines Looking to Expand Operations to Haneda Airport ).
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With the Olympics to be held in Tokyo next year, leading U.S. carriers like United Airlines - the wholly owned subsidiary of United Continental Holdings UAL , Delta Air Lines DAL and American Airlines AAL are seeking approval from the U.S. Department of Transportation (DOT) to fly to Tokyo's Haneda Airport. Click to get this free report Southwest Airlines Co. (LUV): Free Stock Analysis Report Delta Air Lines, Inc. (DAL): Free Stock Analysis Report American Airlines Group Inc. (AAL): Free Stock Analysis Report Alaska Air Group, Inc. (ALK): Free Stock Analysis Report JetBlue Airways Corporation (JBLU): Free Stock Analysis Report United Continental Holdings, Inc. (UAL): Free Stock Analysis Report Hawaiian Holdings, Inc. (HA): Free Stock Analysis Report To read this article on Zacks.com click here. The rate for such accidents was 1.35 (one accident for every 740,000 flights) compared with 2017 figure of 1.11.
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cb439738-56a7-4f95-9727-7d94cf600110
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6622.0
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2019-02-28 00:00:00 UTC
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FAA fines American Airlines, Delta for long tarmac delays
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AAL
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https://www.nasdaq.com/articles/faa-fines-american-airlines-delta-long-tarmac-delays-2019-02-28
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nan
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By David Shepardson and Tracy Rucinski
WASHINGTON, Feb 28 () - American Airlines was fined $1 million and Delta Air Lines Inc$750,000 for violating federal rules barring lengthy tarmac delays at U.S. airports, the U.S. Transportation Department said on Thursday.
Under most circumstances, airlines are prohibited from allowing domestic flights to remain on the tarmac for longer than three hours, and international flights for more than four hours, without giving passengers an opportunity to deplane.
Delta was credited with $450,000 for compensating customers and establishing a backup data center and an automated aircraft-parking guidance and jet-bridge positioning system, the department said.
The airlines agreed to pay the resulting fines as part of consent orders.
Delta said it provided customers with substantial compensation for the delays, including cash reimbursements, SkyMiles and future travel vouchers.
"Delta has spent millions to invest in new technologies to increase efficiency of aircraft movement during irregular operations and additional deicing capacity at its Hartsfield-Jackson Atlanta International Airport hub," the company added.
American Airlines spokeswoman Shannon Gilson said the delays were the result of "exceptional weather events dating as far back as 2015." The company disputed that gate mismanagement was to blame for two delays.
She said the airline had "put procedures in place to help better accommodate our customers when inclement weather occurs."
American Airlines told the department it has invested more than $5 million in additional capital investments like vans, air stairs and lavatory trucks to address tarmac delays.
The Transportation Department cited about a dozen tarmac delays at Delta since 2017 and said passengers on seven flights at Atlanta were not allowed to deplane for hours even though there was "no safety, security or Air Traffic Control reason for not doing so."
Delta said the "delays were the direct result of an extraordinary, unanticipated, and unpredictable system outage in the data center at Delta's Atlanta hub."
Delta has invested more than $250 million to set up a new data center to back up essential applications in case of problems at the primary data center, the company said.
Delta has also spent $12.4 million on an automated aircraft-parking guidance and jet-bridge positioning system and is purchasing 20 additional deicing trucks and planning additional deicing pads at Atlanta.
The views and 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, Feb 28 () - American Airlines was fined $1 million and Delta Air Lines Inc$750,000 for violating federal rules barring lengthy tarmac delays at U.S. airports, the U.S. Transportation Department said on Thursday. "Delta has spent millions to invest in new technologies to increase efficiency of aircraft movement during irregular operations and additional deicing capacity at its Hartsfield-Jackson Atlanta International Airport hub," the company added. The Transportation Department cited about a dozen tarmac delays at Delta since 2017 and said passengers on seven flights at Atlanta were not allowed to deplane for hours even though there was "no safety, security or Air Traffic Control reason for not doing so."
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Delta was credited with $450,000 for compensating customers and establishing a backup data center and an automated aircraft-parking guidance and jet-bridge positioning system, the department said. American Airlines told the department it has invested more than $5 million in additional capital investments like vans, air stairs and lavatory trucks to address tarmac delays. Delta has also spent $12.4 million on an automated aircraft-parking guidance and jet-bridge positioning system and is purchasing 20 additional deicing trucks and planning additional deicing pads at Atlanta.
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By David Shepardson and Tracy Rucinski WASHINGTON, Feb 28 () - American Airlines was fined $1 million and Delta Air Lines Inc$750,000 for violating federal rules barring lengthy tarmac delays at U.S. airports, the U.S. Transportation Department said on Thursday. American Airlines told the department it has invested more than $5 million in additional capital investments like vans, air stairs and lavatory trucks to address tarmac delays. Delta said the "delays were the direct result of an extraordinary, unanticipated, and unpredictable system outage in the data center at Delta's Atlanta hub."
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Delta was credited with $450,000 for compensating customers and establishing a backup data center and an automated aircraft-parking guidance and jet-bridge positioning system, the department said. American Airlines told the department it has invested more than $5 million in additional capital investments like vans, air stairs and lavatory trucks to address tarmac delays. The Transportation Department cited about a dozen tarmac delays at Delta since 2017 and said passengers on seven flights at Atlanta were not allowed to deplane for hours even though there was "no safety, security or Air Traffic Control reason for not doing so."
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0ae7b23b-1a23-42cb-bc89-d2b54b783e71
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6623.0
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2019-02-28 00:00:00 UTC
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Mondi, miners weigh on UK main index; Aston Martin skids
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AAL
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https://www.nasdaq.com/articles/mondi-miners-weigh-uk-main-index-aston-martin-skids-2019-02-28
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nan
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nan
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* FTSE 100 down 0.5 pct
* FTSE 250 up 0.1 pct
* Mondi among top blue-chip fallers
* Aston Martin slips after results
* Telford Homes sinks after profit view cut (Adds company news items, updates share)
By Shashwat Awasthi and Muvija M
Feb 28 (Reuters) - London's blue-chip bourse bagged lossesfor a third straight day as results hurt packaging firm Mondi,miners fell on weak Chinese factory data and Rolls-Royce slippedafter dropping out of the race to supply engines for Boeing'smid-market aircraft.
The FTSE 100 .FTSE ended 0.5 percent lower while the moredomestically focused FTSE 250 .FTMC handed back the day'slosses to be up 0.1 percent as Inmarsat jumped on M&A chatter.
Although both indexes recorded a second monthly gain, theystill underperformed their European peers as Brexituncertainties weighted.
Investor sentiment was grim as the White House said U.S.President Donald Trump and North Korean leader Kim Jong Un didnot reach an agreement at the end of two days of meetings. Datameanwhile showed factory activity in China shrank to athree-year low in February. urn:newsml:reuters.com:*:nT9N1QS017urn:newsml:reuters.com:*:nL3N20M1YJ
"... with hopes of a deal with China on trade not exactlyfading, but certainly not rising, it's 0 from 2 for Trump thisweek and risk sentiment is suffering as a result," saidMarkets.com analyst Neil Wilson.
Miners .FTNMX1770 put the brake on the main index,suffering their biggest intra-day dip in two months, along withpackaging and paper group Mondi MNDI.L , which slipped 6.3percent after a cautious 2019 forecast.
Engine maker Rolls-RoyceRR.L lost 3 percent after itwithdrew from a competition to power Boeing'sBA.N plannedmid-market aircraft. urn:newsml:reuters.com:*:nL5N20N28I
General insurer RSA RSA.L also fell 3 percent as highweather-related losses and weakness in commercial underwritinghit its annual operating profit. urn:newsml:reuters.com:*:nL9N203004
Outshining the main index was pest control firm Rentokil RTO.L , which advanced 7 percent on its best day in nearly sixyears after higher annual profit. urn:newsml:reuters.com:*:nL3N20N3L0
On the midcaps, InmarsatISA.L swiftly rose in afternoontrade following a media report that U.S. satellite groupEchoStar SATS.O was expected to renew its interest in thesatellite communications company "very soon". urn:newsml:reuters.com:*:nL5N20N7U3
But readings from earnings reports were overall poor anddrew some big moves.
Aston Martin AML.L marked the worst day in its short timeas a publicly listed company as its annual adjusted earningsdropped. The downbeat results wiped more than a fifth off theluxury car-maker's market value.
Chief Executive Andy Palmer said a delay to Brexit would bea "further annoyance", which would prolong uncertainty. urn:newsml:reuters.com:*:nL5N20N2SFurn:newsml:reuters.com:*:nL9N203004
Ready meals supplier BakkavorBAKK.L slumped 10.3 percenton its worst day since its November 2017 listing after itflagged that subdued consumer confidence and inflationarypressures have continued into 2019.
In other moves, EasyJetEZJ.L , BarclaysBARC.L and MicroFocus MCRO.L all fell as the stocks traded ex-dividend.
Builder Telford HomesTELF.L tumbled 20 percent aftercutting its full-year forecast while mid-cap kitchen supplierHowden Joinery HWDN.L lost 7 percent -- its biggest drop inover 2-1/2 years -- after flagging higher costs and marginpressures. urn:newsml:reuters.com:*:nL3N20N3RJurn:newsml:reuters.com:*:nL3N20N3YA (Reporting by Shashwat Awasthi and Muvija M in Bengaluru;Editing by Catherine Evans) ((Shashwat.Awasthi@thomsonreuters.com; within U.S.+1 646 2233403; outside U.S. +91 80 6749 3403; Reuters Messaging:shashwat.awasthi.thomsonreuters.com@reuters.net))
(( For related prices, Reuters users may click on - * UK stock report .L FTSE index: 0#.FTS6 techMARK 100 index: .FTT1X FTSE futures: 0#FFI: Gilt futures: 0#FLG: Smallcap index: .FTSC FTSE 250 index: .FTMC FTSE 350 index: .FTLC Market digest: .AD.L Top 10 by vol: .AV.L Top price gainers: .NG.L Top % gainers: .PG.L Top price losers: .NL.L Top % losers: .PL.L
* For related news, click on - * UK hot stocks: [HOT and GB] Wall Street: .N Gilts report: GB/ Euro bond report GVD/EUR Pan European stock report: .EUTokyo stocks: .T HK stocks: .HK Sterling report: GBP/ Dollar report: USD/
* For company prices, click on - * Company directory: UKEQ By sector: FTAX
* For pan-European market data, click on - * European Equities speed guide................ EUR/EQUITY FTSE Eurotop 300 index........................... .FTEU3 DJ STOXX index................................... .STOXX Top 10 STOXX sectors........................ .PGL.STOXXS Top 10 EUROSTOXX sectors................... .PGL.STOXXES Top 10 Eurotop 300 sectors.................. .PGL.FTEU3S Top 25 European pct gainers.................... .PG.PEUR Top 25 European pct losers..................... .PL.PEUR ))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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* FTSE 100 down 0.5 pct * FTSE 250 up 0.1 pct * Mondi among top blue-chip fallers * Aston Martin slips after results * Telford Homes sinks after profit view cut (Adds company news items, updates share) By Shashwat Awasthi and Muvija M Feb 28 (Reuters) - London's blue-chip bourse bagged lossesfor a third straight day as results hurt packaging firm Mondi,miners fell on weak Chinese factory data and Rolls-Royce slippedafter dropping out of the race to supply engines for Boeing'smid-market aircraft. Investor sentiment was grim as the White House said U.S.President Donald Trump and North Korean leader Kim Jong Un didnot reach an agreement at the end of two days of meetings. Miners .FTNMX1770 put the brake on the main index,suffering their biggest intra-day dip in two months, along withpackaging and paper group Mondi MNDI.L , which slipped 6.3percent after a cautious 2019 forecast.
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* FTSE 100 down 0.5 pct * FTSE 250 up 0.1 pct * Mondi among top blue-chip fallers * Aston Martin slips after results * Telford Homes sinks after profit view cut (Adds company news items, updates share) By Shashwat Awasthi and Muvija M Feb 28 (Reuters) - London's blue-chip bourse bagged lossesfor a third straight day as results hurt packaging firm Mondi,miners fell on weak Chinese factory data and Rolls-Royce slippedafter dropping out of the race to supply engines for Boeing'smid-market aircraft. Miners .FTNMX1770 put the brake on the main index,suffering their biggest intra-day dip in two months, along withpackaging and paper group Mondi MNDI.L , which slipped 6.3percent after a cautious 2019 forecast. urn:newsml:reuters.com:*:nL3N20N3RJurn:newsml:reuters.com:*:nL3N20N3YA (Reporting by Shashwat Awasthi and Muvija M in Bengaluru;Editing by Catherine Evans) ((Shashwat.Awasthi@thomsonreuters.com; within U.S.+1 646 2233403; outside U.S. +91 80 6749 3403; Reuters Messaging:shashwat.awasthi.thomsonreuters.com@reuters.net)) (( For related prices, Reuters users may click on - * UK stock report .L FTSE index: 0#.FTS6 techMARK 100 index: .FTT1X FTSE futures: 0#FFI: Gilt futures: 0#FLG: Smallcap index: .FTSC FTSE 250 index: .FTMC FTSE 350 index: .FTLC Market digest: .AD.L Top 10 by vol: .AV.L Top price gainers: .NG.L Top % gainers: .PG.L Top price losers: .NL.L Top % losers: .PL.L * For related news, click on - * UK hot stocks: [HOT and GB] Wall Street: .N Gilts report: GB/ Euro bond report GVD/EUR Pan European stock report: .EUTokyo stocks: .T HK stocks: .HK Sterling report: GBP/ Dollar report: USD/ * For company prices, click on - * Company directory: UKEQ By sector: FTAX * For pan-European market data, click on - * European Equities speed guide................ EUR/EQUITY FTSE Eurotop 300 index........................... .FTEU3 DJ STOXX index................................... .STOXX Top 10 STOXX sectors........................ .PGL.STOXXS Top 10 EUROSTOXX sectors................... .PGL.STOXXES Top 10 Eurotop 300 sectors.................. .PGL.FTEU3S Top 25 European pct gainers.................... .PG.PEUR Top 25 European pct losers..................... .PL.PEUR )) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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* FTSE 100 down 0.5 pct * FTSE 250 up 0.1 pct * Mondi among top blue-chip fallers * Aston Martin slips after results * Telford Homes sinks after profit view cut (Adds company news items, updates share) By Shashwat Awasthi and Muvija M Feb 28 (Reuters) - London's blue-chip bourse bagged lossesfor a third straight day as results hurt packaging firm Mondi,miners fell on weak Chinese factory data and Rolls-Royce slippedafter dropping out of the race to supply engines for Boeing'smid-market aircraft. urn:newsml:reuters.com:*:nL9N203004 Outshining the main index was pest control firm Rentokil RTO.L , which advanced 7 percent on its best day in nearly sixyears after higher annual profit. urn:newsml:reuters.com:*:nL3N20N3RJurn:newsml:reuters.com:*:nL3N20N3YA (Reporting by Shashwat Awasthi and Muvija M in Bengaluru;Editing by Catherine Evans) ((Shashwat.Awasthi@thomsonreuters.com; within U.S.+1 646 2233403; outside U.S. +91 80 6749 3403; Reuters Messaging:shashwat.awasthi.thomsonreuters.com@reuters.net)) (( For related prices, Reuters users may click on - * UK stock report .L FTSE index: 0#.FTS6 techMARK 100 index: .FTT1X FTSE futures: 0#FFI: Gilt futures: 0#FLG: Smallcap index: .FTSC FTSE 250 index: .FTMC FTSE 350 index: .FTLC Market digest: .AD.L Top 10 by vol: .AV.L Top price gainers: .NG.L Top % gainers: .PG.L Top price losers: .NL.L Top % losers: .PL.L * For related news, click on - * UK hot stocks: [HOT and GB] Wall Street: .N Gilts report: GB/ Euro bond report GVD/EUR Pan European stock report: .EUTokyo stocks: .T HK stocks: .HK Sterling report: GBP/ Dollar report: USD/ * For company prices, click on - * Company directory: UKEQ By sector: FTAX * For pan-European market data, click on - * European Equities speed guide................ EUR/EQUITY FTSE Eurotop 300 index........................... .FTEU3 DJ STOXX index................................... .STOXX Top 10 STOXX sectors........................ .PGL.STOXXS Top 10 EUROSTOXX sectors................... .PGL.STOXXES Top 10 Eurotop 300 sectors.................. .PGL.FTEU3S Top 25 European pct gainers.................... .PG.PEUR Top 25 European pct losers..................... .PL.PEUR )) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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* FTSE 100 down 0.5 pct * FTSE 250 up 0.1 pct * Mondi among top blue-chip fallers * Aston Martin slips after results * Telford Homes sinks after profit view cut (Adds company news items, updates share) By Shashwat Awasthi and Muvija M Feb 28 (Reuters) - London's blue-chip bourse bagged lossesfor a third straight day as results hurt packaging firm Mondi,miners fell on weak Chinese factory data and Rolls-Royce slippedafter dropping out of the race to supply engines for Boeing'smid-market aircraft. The FTSE 100 .FTSE ended 0.5 percent lower while the moredomestically focused FTSE 250 .FTMC handed back the day'slosses to be up 0.1 percent as Inmarsat jumped on M&A chatter. urn:newsml:reuters.com:*:nL3N20N3RJurn:newsml:reuters.com:*:nL3N20N3YA (Reporting by Shashwat Awasthi and Muvija M in Bengaluru;Editing by Catherine Evans) ((Shashwat.Awasthi@thomsonreuters.com; within U.S.+1 646 2233403; outside U.S. +91 80 6749 3403; Reuters Messaging:shashwat.awasthi.thomsonreuters.com@reuters.net)) (( For related prices, Reuters users may click on - * UK stock report .L FTSE index: 0#.FTS6 techMARK 100 index: .FTT1X FTSE futures: 0#FFI: Gilt futures: 0#FLG: Smallcap index: .FTSC FTSE 250 index: .FTMC FTSE 350 index: .FTLC Market digest: .AD.L Top 10 by vol: .AV.L Top price gainers: .NG.L Top % gainers: .PG.L Top price losers: .NL.L Top % losers: .PL.L * For related news, click on - * UK hot stocks: [HOT and GB] Wall Street: .N Gilts report: GB/ Euro bond report GVD/EUR Pan European stock report: .EUTokyo stocks: .T HK stocks: .HK Sterling report: GBP/ Dollar report: USD/ * For company prices, click on - * Company directory: UKEQ By sector: FTAX * For pan-European market data, click on - * European Equities speed guide................ EUR/EQUITY FTSE Eurotop 300 index........................... .FTEU3 DJ STOXX index................................... .STOXX Top 10 STOXX sectors........................ .PGL.STOXXS Top 10 EUROSTOXX sectors................... .PGL.STOXXES Top 10 Eurotop 300 sectors.................. .PGL.FTEU3S Top 25 European pct gainers.................... .PG.PEUR Top 25 European pct losers..................... .PL.PEUR )) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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eafc557b-d871-4093-8652-fc467801d6af
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6624.0
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2019-02-28 00:00:00 UTC
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Packaging firm Mondi posts 19 pct rise in annual profit
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AAL
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https://www.nasdaq.com/articles/packaging-firm-mondi-posts-19-pct-rise-annual-profit-2019-02-28
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nan
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nan
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Feb 28 (Reuters) - Packaging and paper group Mondi, on Thursday reported a 19 percent rise in full-year underlying core profit, driven by robust demand for its products and higher average selling prices.
The group, which is listed in London and Johannesburg, said underlying earnings before interest, tax, depreciation and amortisation (EBITDA) rose to 1.76 billion euros ($2.00 billion)in the year ended Dec. 31, up from 1.48 billion euros a year earlier.
The 52-year-old firm — like its peers Smurfit Kappa Group Plc, Sappi Ltd and DS Smith Plc — has been plagued by pricing pressures from higher costs for raw materials and said on Thursday it had implemented "strong" cost control across the group.
The company, which makes office paper and corrugated cardboard boxes, expanded over the years from being predominantly a producer of printing paper into a packaging manufacturer for consumer goods, with a market capitalisation of about 8.99 billion pounds.
"Pricing is mixed going into 2019, with recent price reductions in containerboard grades and market pulp and stronger pricing in our kraft paper markets," Oswald said.
($1 = 0.8795 euros)
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Feb 28 (Reuters) - Packaging and paper group Mondi, on Thursday reported a 19 percent rise in full-year underlying core profit, driven by robust demand for its products and higher average selling prices. The 52-year-old firm — like its peers Smurfit Kappa Group Plc, Sappi Ltd and DS Smith Plc — has been plagued by pricing pressures from higher costs for raw materials and said on Thursday it had implemented "strong" cost control across the group. The company, which makes office paper and corrugated cardboard boxes, expanded over the years from being predominantly a producer of printing paper into a packaging manufacturer for consumer goods, with a market capitalisation of about 8.99 billion pounds.
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Feb 28 (Reuters) - Packaging and paper group Mondi, on Thursday reported a 19 percent rise in full-year underlying core profit, driven by robust demand for its products and higher average selling prices. The group, which is listed in London and Johannesburg, said underlying earnings before interest, tax, depreciation and amortisation (EBITDA) rose to 1.76 billion euros ($2.00 billion)in the year ended Dec. 31, up from 1.48 billion euros a year earlier. The 52-year-old firm — like its peers Smurfit Kappa Group Plc, Sappi Ltd and DS Smith Plc — has been plagued by pricing pressures from higher costs for raw materials and said on Thursday it had implemented "strong" cost control across the group.
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The group, which is listed in London and Johannesburg, said underlying earnings before interest, tax, depreciation and amortisation (EBITDA) rose to 1.76 billion euros ($2.00 billion)in the year ended Dec. 31, up from 1.48 billion euros a year earlier. The 52-year-old firm — like its peers Smurfit Kappa Group Plc, Sappi Ltd and DS Smith Plc — has been plagued by pricing pressures from higher costs for raw materials and said on Thursday it had implemented "strong" cost control across the group. "Pricing is mixed going into 2019, with recent price reductions in containerboard grades and market pulp and stronger pricing in our kraft paper markets," Oswald said.
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Feb 28 (Reuters) - Packaging and paper group Mondi, on Thursday reported a 19 percent rise in full-year underlying core profit, driven by robust demand for its products and higher average selling prices. The group, which is listed in London and Johannesburg, said underlying earnings before interest, tax, depreciation and amortisation (EBITDA) rose to 1.76 billion euros ($2.00 billion)in the year ended Dec. 31, up from 1.48 billion euros a year earlier. The 52-year-old firm — like its peers Smurfit Kappa Group Plc, Sappi Ltd and DS Smith Plc — has been plagued by pricing pressures from higher costs for raw materials and said on Thursday it had implemented "strong" cost control across the group.
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085edcb6-3bea-4101-8487-0eb42f707e6c
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6625.0
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2019-02-27 00:00:00 UTC
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Rattled by Vale disaster, mining CEOs move to change industry
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AAL
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https://www.nasdaq.com/articles/rattled-vale-disaster-mining-ceos-move-change-industry-2019-02-27
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nan
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nan
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By Ernest Scheyder
HOLLYWOOD, Fla., Feb 26 () - After last month's deadly tailings dam disaster at a Vale SA facility in Brazil, Freeport-McMoRan Inc Chief Executive Richard Adkerson sent a memo to his 29,000 employees telling them to immediately report any safety concerns about the scores of dams his company operates.
The disaster, which killed more than 300, has sparked a push to set global standards for the construction and inspection of tailings dams, which store the muddy detritus of the mining process, as well as emergency preparations. The move reflects a radical departure from the way the facilities have operated for more than a century.
"I told my people, 'If you know of a problem, don't try to solve it yourself,'" Adkerson told . "Report it."
On Tuesday, Adkerson and 26 other CEOs, including leaders from BHP Group Ltd, Vale SA and Glencore Plc, agreed as their first step since the Vale disaster to form a panel that will set international design and maintenance standards for dams and study ways to reduce the volume of water stored behind the dams in waste rock.
"We recognize our responsibility to offer more than just words," said Donald Lindsey, CEO of Canadian miner Teck Resources Ltd and chair of the International Council on Mining and Metals, the industry trade group that set the standards.
"We owe it to the families impacted (by the Vale disaster) and to our stakeholders to take meaningful action," he said.
In the weeks after the accident, Brazil's government banned new upstream mining dams - the type of dam involved in the Vale disaster - and ordered the decommissioning of all such dams by 2021.
But Brazil and the broader mining industry have grappled with how best to codify uniform tailings dam standards, conscious of not only the safety implications but of growing public resentment over the use of tailings dams.
Right now for instance, there are no global mining industry standards defining what a tailings dam is, how to build one and how to care for it after it is decommissioned.
"I'm paranoid about tailings dams," said Mark Bristow, CEO of Barrick Gold Corp, the world's largest gold miner, which has assigned full-time engineers to each tailings dam.
In addition to setting global standards for the construction and inspection of tailings dams, the ICMM panel will also study ways to require so-called dry-stack tailings, where water is removed before tailings are stored, thus bolstering a dam's safety. That likely can happen relatively soon, the ICMM said.
Longer term, ICMM said that in situ mining - in which an acid is pumped underground to leach out copper and other minerals - could become the industry standard, thus eliminating the need for tailings dams entirely.
"We absolutely agree that a fundamental change is required in the industry's collective approach to safe tailings management," said BHP CEO Andrew Mackenzie at the BMO Metals & Mining Conference in Florida, where the ICMM approved the panel's formation.
The new standards to be set by ICMM will apply to all members, regardless of location. Past practices favored a more tailored approach.
The Vale disaster "led us to reconsider how we look at tailings dams and acknowledge we need a step-change," said Tom Butler, ICMM's CEO.
Tailings dams in wet locations, for instance, had been held to a higher standard because they were more prone to erosion. But the new standards will favor a uniform approach that industry CEOs hope will greatly reduce the potential for another disaster.
"We cannot have a sense of complacency about this," Freeport's Adkerson said.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The disaster, which killed more than 300, has sparked a push to set global standards for the construction and inspection of tailings dams, which store the muddy detritus of the mining process, as well as emergency preparations. "We recognize our responsibility to offer more than just words," said Donald Lindsey, CEO of Canadian miner Teck Resources Ltd and chair of the International Council on Mining and Metals, the industry trade group that set the standards. "We absolutely agree that a fundamental change is required in the industry's collective approach to safe tailings management," said BHP CEO Andrew Mackenzie at the BMO Metals & Mining Conference in Florida, where the ICMM approved the panel's formation.
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The disaster, which killed more than 300, has sparked a push to set global standards for the construction and inspection of tailings dams, which store the muddy detritus of the mining process, as well as emergency preparations. On Tuesday, Adkerson and 26 other CEOs, including leaders from BHP Group Ltd, Vale SA and Glencore Plc, agreed as their first step since the Vale disaster to form a panel that will set international design and maintenance standards for dams and study ways to reduce the volume of water stored behind the dams in waste rock. In addition to setting global standards for the construction and inspection of tailings dams, the ICMM panel will also study ways to require so-called dry-stack tailings, where water is removed before tailings are stored, thus bolstering a dam's safety.
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By Ernest Scheyder HOLLYWOOD, Fla., Feb 26 () - After last month's deadly tailings dam disaster at a Vale SA facility in Brazil, Freeport-McMoRan Inc Chief Executive Richard Adkerson sent a memo to his 29,000 employees telling them to immediately report any safety concerns about the scores of dams his company operates. On Tuesday, Adkerson and 26 other CEOs, including leaders from BHP Group Ltd, Vale SA and Glencore Plc, agreed as their first step since the Vale disaster to form a panel that will set international design and maintenance standards for dams and study ways to reduce the volume of water stored behind the dams in waste rock. In addition to setting global standards for the construction and inspection of tailings dams, the ICMM panel will also study ways to require so-called dry-stack tailings, where water is removed before tailings are stored, thus bolstering a dam's safety.
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On Tuesday, Adkerson and 26 other CEOs, including leaders from BHP Group Ltd, Vale SA and Glencore Plc, agreed as their first step since the Vale disaster to form a panel that will set international design and maintenance standards for dams and study ways to reduce the volume of water stored behind the dams in waste rock. Right now for instance, there are no global mining industry standards defining what a tailings dam is, how to build one and how to care for it after it is decommissioned. In addition to setting global standards for the construction and inspection of tailings dams, the ICMM panel will also study ways to require so-called dry-stack tailings, where water is removed before tailings are stored, thus bolstering a dam's safety.
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cf248da9-163e-4570-ad37-3d013ceb3016
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6626.0
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2019-02-27 00:00:00 UTC
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Southwest Airlines wins U.S. approval for Hawaii service
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AAL
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https://www.nasdaq.com/articles/southwest-airlines-wins-us-approval-hawaii-service-2019-02-27
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nan
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nan
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By Tracy Rucinski
CHICAGO, Feb 27 () - Southwest Airlines Co said on Wednesday it won approval from the U.S. Federal Aviation Administration to begin flying to Hawaii from California, clearing the way for the low-cost carrier to move forward with a key part of its 2019 growth plan.
Dallas-based Southwest, one of the largest U.S. domestic airlines, said it would publicly announce the timing for selling tickets and inaugurating flights to the Hawaiian Islands in the coming days.
It will compete with American Airlines , Delta Air Lines, United Airlines, Alaska Airlines , and Hawaiian Airlines on the new routes, though analysts said it remained to be seen whether Southwest's entrance would drive down other carriers' fares.
Southwest, which first unveiled plans for the new service in 2017, had hoped to begin selling tickets in January. But those plans were delayed due to a 35-day partial U.S. government shutdown, which halted a lengthy federal certification process for jets that fly over water for an extended period.
The FAA said that, as standard practice, it will increase its surveillance of Southwest's operations for six months as service begins.
The Hawaii approval comes as the carrier continues to clash with its mechanics over a doubling of out-of-service aircraft that has forced it to cancel hundreds of flights since Feb. 15.
Southwest and its mechanics union have been in contract talks for more than six years.
Flights canceled by Southwest continued to account for more than a third of the total across the United States on Wednesday, according to FlightAware.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 Tracy Rucinski CHICAGO, Feb 27 () - Southwest Airlines Co said on Wednesday it won approval from the U.S. Federal Aviation Administration to begin flying to Hawaii from California, clearing the way for the low-cost carrier to move forward with a key part of its 2019 growth plan. Dallas-based Southwest, one of the largest U.S. domestic airlines, said it would publicly announce the timing for selling tickets and inaugurating flights to the Hawaiian Islands in the coming days. But those plans were delayed due to a 35-day partial U.S. government shutdown, which halted a lengthy federal certification process for jets that fly over water for an extended period.
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By Tracy Rucinski CHICAGO, Feb 27 () - Southwest Airlines Co said on Wednesday it won approval from the U.S. Federal Aviation Administration to begin flying to Hawaii from California, clearing the way for the low-cost carrier to move forward with a key part of its 2019 growth plan. It will compete with American Airlines , Delta Air Lines, United Airlines, Alaska Airlines , and Hawaiian Airlines on the new routes, though analysts said it remained to be seen whether Southwest's entrance would drive down other carriers' fares. Flights canceled by Southwest continued to account for more than a third of the total across the United States on Wednesday, according to FlightAware.com.
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By Tracy Rucinski CHICAGO, Feb 27 () - Southwest Airlines Co said on Wednesday it won approval from the U.S. Federal Aviation Administration to begin flying to Hawaii from California, clearing the way for the low-cost carrier to move forward with a key part of its 2019 growth plan. Dallas-based Southwest, one of the largest U.S. domestic airlines, said it would publicly announce the timing for selling tickets and inaugurating flights to the Hawaiian Islands in the coming days. It will compete with American Airlines , Delta Air Lines, United Airlines, Alaska Airlines , and Hawaiian Airlines on the new routes, though analysts said it remained to be seen whether Southwest's entrance would drive down other carriers' fares.
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Dallas-based Southwest, one of the largest U.S. domestic airlines, said it would publicly announce the timing for selling tickets and inaugurating flights to the Hawaiian Islands in the coming days. Southwest, which first unveiled plans for the new service in 2017, had hoped to begin selling tickets in January. The Hawaii approval comes as the carrier continues to clash with its mechanics over a doubling of out-of-service aircraft that has forced it to cancel hundreds of flights since Feb. 15.
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594981ee-d220-4856-87ba-b9619c2c9b04
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6627.0
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2019-02-26 00:00:00 UTC
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United Airlines Looking to Expand Operations to Haneda Airport
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AAL
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https://www.nasdaq.com/articles/united-airlines-looking-to-expand-operations-to-haneda-airport-2019-02-26
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nan
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nan
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United Airlines - the wholly owned subsidiary of United Continental HoldingsUAL - filed an application with the U.S. Department of Transportation (DOT) in a bid to expand its footprint in Japan and attract additional traffic. Notably, this Chicago-based carrier has sought permission to operate daily non-stop flights to Tokyo's Haneda Airport from six U.S. international airports.
In the summer of 2020, United Airlines plans to commence operations to Haneda after the slots are awarded from its hubs at Newark Liberty, Chicago O'Hare, Washington Dulles, Los Angeles International, Houston George Bush and Guam. The aviation agreement between the United States and Japan is expected to be completed later this year.
Per United Airlines' application, the flights to Haneda from Newark, Los Angeles and Guam would be in addition to the daily flights between the above three hubs and Tokyo's other international airport - Narita. However, the non-stop flights to Haneda from its hubs at Chicago O'Hare, Washington Dulles and Houston George Bush would be shifted from Narita.
With the Olympics to be held in Tokyo next year, the routes are likely to invite substantial traffic. Accordingly, other U.S. carriers - Delta Air Lines DAL and American Airlines AAL - have also applied for slots at Tokyo's Haneda Airport.
While Delta is bidding for five slots, American Airlines has sought permission for four. With leading carriers interested to fly to Haneda, investors would keenly look forward to DOT's decision on the applications.
Zacks Rank & Key Pick
United Continental carries a Zacks Rank #2 (Buy). Investors interested in the airline space may consider Azul S.A. AZUL sporting a Zacks Rank #1 (Strong Buy). You can see the complete list of today's Zacks #1 Rank stocks here.
Azul has an impressive history with respect to earnings per share, having trumped the Zacks Consensus Estimate in each of the trailing four quarters, the average being 97.9%.
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American Airlines Group Inc. (AAL): Free Stock Analysis Report
United Continental Holdings, Inc. (UAL): Free Stock Analysis Report
Delta Air Lines, Inc. (DAL): Free Stock Analysis Report
AZUL SA (AZUL): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Accordingly, other U.S. carriers - Delta Air Lines DAL and American Airlines AAL - have also applied for slots at Tokyo's Haneda Airport. Click to get this free report American Airlines Group Inc. (AAL): Free Stock Analysis Report United Continental Holdings, Inc. (UAL): Free Stock Analysis Report Delta Air Lines, Inc. (DAL): Free Stock Analysis Report AZUL SA (AZUL): Free Stock Analysis Report To read this article on Zacks.com click here. In the summer of 2020, United Airlines plans to commence operations to Haneda after the slots are awarded from its hubs at Newark Liberty, Chicago O'Hare, Washington Dulles, Los Angeles International, Houston George Bush and Guam.
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Click to get this free report American Airlines Group Inc. (AAL): Free Stock Analysis Report United Continental Holdings, Inc. (UAL): Free Stock Analysis Report Delta Air Lines, Inc. (DAL): Free Stock Analysis Report AZUL SA (AZUL): Free Stock Analysis Report To read this article on Zacks.com click here. Accordingly, other U.S. carriers - Delta Air Lines DAL and American Airlines AAL - have also applied for slots at Tokyo's Haneda Airport. Notably, this Chicago-based carrier has sought permission to operate daily non-stop flights to Tokyo's Haneda Airport from six U.S. international airports.
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Click to get this free report American Airlines Group Inc. (AAL): Free Stock Analysis Report United Continental Holdings, Inc. (UAL): Free Stock Analysis Report Delta Air Lines, Inc. (DAL): Free Stock Analysis Report AZUL SA (AZUL): Free Stock Analysis Report To read this article on Zacks.com click here. Accordingly, other U.S. carriers - Delta Air Lines DAL and American Airlines AAL - have also applied for slots at Tokyo's Haneda Airport. Per United Airlines' application, the flights to Haneda from Newark, Los Angeles and Guam would be in addition to the daily flights between the above three hubs and Tokyo's other international airport - Narita.
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Accordingly, other U.S. carriers - Delta Air Lines DAL and American Airlines AAL - have also applied for slots at Tokyo's Haneda Airport. Click to get this free report American Airlines Group Inc. (AAL): Free Stock Analysis Report United Continental Holdings, Inc. (UAL): Free Stock Analysis Report Delta Air Lines, Inc. (DAL): Free Stock Analysis Report AZUL SA (AZUL): Free Stock Analysis Report To read this article on Zacks.com click here. Notably, this Chicago-based carrier has sought permission to operate daily non-stop flights to Tokyo's Haneda Airport from six U.S. international airports.
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4c2f469b-797f-4f22-8d93-f191aabf6dbb
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6628.0
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2019-02-25 00:00:00 UTC
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U.S. Airlines Are Competing Again for Slots at Tokyo's Haneda Airport
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AAL
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https://www.nasdaq.com/articles/us-airlines-are-competing-again-slots-tokyos-haneda-airport-2019-02-25
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nan
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nan
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Earlier this year, the governments of the U.S. and Japan struck a deal to permit new flight paths near a Tokyo-area Air Force base. This modification will increase the capacity of nearby Haneda International Airport: the airport closest to Central Tokyo.
As part of the agreement, U.S. airlines will be able to add 12 new daytime international flights from Haneda Airport beginning in the spring of 2020. American Airlines (NASDAQ: AAL) , Delta Air Lines (NYSE: DAL) , Hawaiian Holdings (NASDAQ: HA) , and United Continental (NASDAQ: UAL) all want to get in on the action.
The airlines finally get what they want
In late 2010, U.S. carriers gained access to Haneda Airport for the first time in more than three decades. The same four airlines fought vigorously over the four available slot pairs (permitting a total of four roundtrip flights). However, they were limited to overnight takeoff and departure slots at Haneda -- between 10 p.m. and 7 a.m. -- which made most of the routes commercially unsuccessful . The only real exception was Hawaiian Airlines' flight to Honolulu.
In late 2016, U.S. airlines finally got an opportunity to begin serving Haneda Airport during the day. There are currently five slot pairs for daytime flights by U.S. airlines. American Airlines flies to Los Angeles, Delta flies to Los Angeles and Minneapolis-St. Paul, Hawaiian flies to Honolulu, and United flies to San Francisco. There is also one remaining nighttime slot pair, which Hawaiian Airlines uses for additional flights to Hawaii.
All of these daytime routes have been successful. Not surprisingly, the airlines are eager for more daytime flights at Haneda Airport -- and under the new agreement between the U.S. and Japan, they will collectively have 17 daytime slot pairs there, up from just five today.
Looking at the airlines' requests
The 12 new daytime slot pairs at Haneda Airport will be distributed by the U.S. Department of Transportation (DOT) based on an analysis of the public benefits of each proposed flight. That includes an analysis of which proposed flights would best serve the traveling public, and which ones will foster increased competition. The four airlines requested a combined total of 19 round-trip frequencies, so the DOT will have to pick and choose which flights to permit.
Delta Air Lines and United Airlines each requested six daily frequencies. Delta proposed daily flights to Atlanta, Detroit, Portland, and Seattle, as well as twice-daily service to Honolulu. Meanwhile, United proposed daily flights to Chicago, Guam, Houston, Los Angeles, Newark, and Washington, D.C.
American Airlines had a more modest proposal. It requested four frequencies to permit twice-daily service to Dallas-Fort Worth, a second daily flight to Los Angeles, and a new route to Las Vegas. Lastly, Hawaiian Airlines would like to add three additional daily flights to Honolulu.
What will the DOT decide?
Hawaiian Airlines says additional flight times would help it inject new competition into the Japan-Hawaii travel market by enabling more connections at Haneda Airport. As a result, the DOT will likely award it an extra daily flight to Honolulu. But with the carrier currently seeking a joint venture with No. 2 Japanese carrier JAL that would dominate Japan-Hawaii travel, the DOT probably won't want to give any more slots to Hawaiian.
Delta argues that all six of its requests should be granted, because American and United have joint ventures with the two big Japanese airlines, giving their customers ample access to Haneda Airport already. There's a pretty strong case for the four mainland routes it has requested. The first Honolulu flight also has a decent chance of approval, as it would boost competition in the massive Tokyo-Honolulu market. The second flight to Honolulu seems like a stretch, though.
That leaves perhaps six frequencies to divide between American and United. United's top three choices of Newark, Chicago, and Washington are all likely to be approved. American's top priority of Dallas-Fort Worth also seems like a lock.
For the last two slot pairs, the DOT would have to weigh some difficult trade-offs. United is the only U.S. carrier that doesn't fly from Los Angeles to Haneda today. Additionally, its proposed Houston and Guam routes would be the only flights from those cities to Haneda. On the other hand, including its partner ANA, it already has the most Haneda-U.S. slots.
Awarding American Airlines at least three slot pairs would help maintain the overall competitive balance. But American's second- and third-priority routes are simply additional frequencies to Los Angeles and Dallas, respectively. The DOT might prefer to spread the flights around by choosing American's lowest-priority route (Haneda-Las Vegas) and one of United's other proposals, either Guam or Houston.
It will take a good chunk of the year for the DOT to sort through all of the airlines' arguments and make a final decision. But in the end, American Airlines, Delta Air Lines, Hawaiian Holdings, and United Continental should all be winners.
10 stocks we like better than United Continental Holdings
When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor , has quadrupled the market.*
David and Tom just revealed what they believe are the 10 best stocks for investors to buy right now... and United Continental Holdings wasn't one of them! That's right -- they think these 10 stocks are even better buys.
See the 10 stocks
*Stock Advisor returns as of January 31, 2019
Adam Levine-Weinberg owns shares of Delta Air Lines and Hawaiian Holdings and is long January 2020 $20 calls on American Airlines Group. The Motley Fool owns shares of Delta Air Lines. The Motley Fool recommends Hawaiian Holdings. The Motley Fool has a disclosure policy .
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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American Airlines (NASDAQ: AAL) , Delta Air Lines (NYSE: DAL) , Hawaiian Holdings (NASDAQ: HA) , and United Continental (NASDAQ: UAL) all want to get in on the action. Looking at the airlines' requests The 12 new daytime slot pairs at Haneda Airport will be distributed by the U.S. Department of Transportation (DOT) based on an analysis of the public benefits of each proposed flight. It requested four frequencies to permit twice-daily service to Dallas-Fort Worth, a second daily flight to Los Angeles, and a new route to Las Vegas.
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American Airlines (NASDAQ: AAL) , Delta Air Lines (NYSE: DAL) , Hawaiian Holdings (NASDAQ: HA) , and United Continental (NASDAQ: UAL) all want to get in on the action. American Airlines flies to Los Angeles, Delta flies to Los Angeles and Minneapolis-St. Paul, Hawaiian flies to Honolulu, and United flies to San Francisco. Meanwhile, United proposed daily flights to Chicago, Guam, Houston, Los Angeles, Newark, and Washington, D.C. American Airlines had a more modest proposal.
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American Airlines (NASDAQ: AAL) , Delta Air Lines (NYSE: DAL) , Hawaiian Holdings (NASDAQ: HA) , and United Continental (NASDAQ: UAL) all want to get in on the action. American Airlines flies to Los Angeles, Delta flies to Los Angeles and Minneapolis-St. Paul, Hawaiian flies to Honolulu, and United flies to San Francisco. Looking at the airlines' requests The 12 new daytime slot pairs at Haneda Airport will be distributed by the U.S. Department of Transportation (DOT) based on an analysis of the public benefits of each proposed flight.
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American Airlines (NASDAQ: AAL) , Delta Air Lines (NYSE: DAL) , Hawaiian Holdings (NASDAQ: HA) , and United Continental (NASDAQ: UAL) all want to get in on the action. Delta Air Lines and United Airlines each requested six daily frequencies. Meanwhile, United proposed daily flights to Chicago, Guam, Houston, Los Angeles, Newark, and Washington, D.C. American Airlines had a more modest proposal.
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3c12f1ef-09aa-434b-baf8-75b7fcce5b69
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6629.0
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2019-02-24 00:00:00 UTC
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Anglo American restarts Australian coal operations after worker fatality
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AAL
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https://www.nasdaq.com/articles/anglo-american-restarts-australian-coal-operations-after-worker-fatality-2019-02-24
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nan
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nan
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MELBOURNE, Feb 25 (Reuters) - Anglo American has restarted operations at its Moranbah North coal facility in Australia'sQueensland state, it said on Monday, after one worker died and several were injured in a collision underground last week.
The London-listed miner said in a statement it was still investigating the incident, as was the state's mines safety inspector, which involved a personnel carrier and a grading vehicle last Wednesday.
The driver of the grader, Bradley Hardwick, was taken by ambulance to hospital and later died.
"This is a difficult time for our people, their families and the Moranbah community as we come to terms with the tragic loss," he added.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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MELBOURNE, Feb 25 (Reuters) - Anglo American has restarted operations at its Moranbah North coal facility in Australia'sQueensland state, it said on Monday, after one worker died and several were injured in a collision underground last week. The London-listed miner said in a statement it was still investigating the incident, as was the state's mines safety inspector, which involved a personnel carrier and a grading vehicle last Wednesday. "This is a difficult time for our people, their families and the Moranbah community as we come to terms with the tragic loss," he added.
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MELBOURNE, Feb 25 (Reuters) - Anglo American has restarted operations at its Moranbah North coal facility in Australia'sQueensland state, it said on Monday, after one worker died and several were injured in a collision underground last week. The London-listed miner said in a statement it was still investigating the incident, as was the state's mines safety inspector, which involved a personnel carrier and a grading vehicle last Wednesday. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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MELBOURNE, Feb 25 (Reuters) - Anglo American has restarted operations at its Moranbah North coal facility in Australia'sQueensland state, it said on Monday, after one worker died and several were injured in a collision underground last week. The London-listed miner said in a statement it was still investigating the incident, as was the state's mines safety inspector, which involved a personnel carrier and a grading vehicle last Wednesday. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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MELBOURNE, Feb 25 (Reuters) - Anglo American has restarted operations at its Moranbah North coal facility in Australia'sQueensland state, it said on Monday, after one worker died and several were injured in a collision underground last week. The London-listed miner said in a statement it was still investigating the incident, as was the state's mines safety inspector, which involved a personnel carrier and a grading vehicle last Wednesday. The driver of the grader, Bradley Hardwick, was taken by ambulance to hospital and later died.
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6ade4e69-6fc4-44ba-9300-fe93522919d5
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6630.0
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2019-02-23 00:00:00 UTC
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American Airlines (AAL) Up 5.4% Since Last Earnings Report: Can It Continue?
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AAL
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https://www.nasdaq.com/articles/american-airlines-aal-up-5.4-since-last-earnings-report%3A-can-it-continue-2019-02-23
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nan
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nan
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It has been about a month since the las t earnings report for American Airlines (AAL). Shares have added about 5.4% in that time frame, underperforming the S&P 500.
Will the recent positive trend continue leading up to its next earnings release, or is American Airlines due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recen t earnings report in order to get a better handle on the important catalysts.
Earnings Beat at American Airlines in Q4
American Airlines' fourth-quarter 2018 earnings (excluding 35 cents from non-recurring items) of $1.04 per share surpassed the Zacks Consensus Estimate of $1.02. Moreover, the bottom line increased on a year-over-year basis.
Revenues of $10,938 million missed the Zacks Consensus Estimate of $11,006.7 million. However, the top line improved on a year-over-year basis. Strong demand for air travel led to this year-over-year improvement in the top line.
Total revenue per available seat miles (TRASM: a key measure of unit revenues) increased 1.7% to 16.02 cents in the reported quarter. Consolidated yield rose 2.4%. Passenger revenue per available seat miles (PRASM) inched up 1.4%.
While traffic (measured by revenue passenger miles) was up 0.4%, capacity (measured by average seat miles) expanded 1.4%. Consolidated load factor (percentage of seats filled by passengers) contracted 70 basis points to 81.4% as traffic growth was outpaced by capacity expansion.
Total operating expenses (on a reported basis) climbed 4.2% year over year to $10,389 million due to the 19.6% surge in consolidated fuel costs. Expenses pertaining to salaries and benefits were down 0.5%. Consolidated operating costs per available seat miles (CASM: excluding fuel and special items) declined 0.2%.
During 2018, the company returned $986 million to shareholders through dividends. Furthermore, the carrier also declared a dividend of 10 cents per share. The dividend will be paid on Feb 20 to the shareholders of record on Feb 6.
American Airlines is constantly looking to modernize its fleet. To this end, the carrier ordered 47 new Boeing 787 jets in 2018 in a bid to maintain a young fleet. It is constantly removing outdated planes from its fleet.
Q1 Outlook
TRASM is expected to either remain flat or increase up to 2% during the first quarter of 2019. Pre-tax margin excluding special items is projected in the range of 2.5-4.5% in the first quarter. Additionally, fuel costs are estimated between $1.97 and $2.02 per gallon in the first quarter. The company predicts first-quarter CASM to increase 4% year over year. Capacity is expected to grow approximately 1% in the first quarter of 2019.
2019 View
Adjusted earnings per share in 2019 are anticipated between $5.50 and $7.5. CASM (excluding fuel, new labor deals and special items) is expected to be at the upper end of the previously guided 1-2% range. The company's capex projection for the current year is pegged at $4.7 billion. Capacity is anticipated to expand approximately 3%.
How Have Estimates Been Moving Since Then?
It turns out, fresh estimates flatlined during the past month. The consensus estimate has shifted -13.26% due to these changes.
VGM Scores
At this time, American Airlines has a subpar Growth Score of D, however its Momentum Score is doing a lot better with an A. Following the exact same course, the stock was allocated a grade of A on the value side, putting it in the top 20% for this investment strategy.
Overall, the stock has an aggregate VGM Score of A. If you aren't focused on one strategy, this score is the one you should be interested in.
Outlook
American Airlines has a Zacks Rank #3 (Hold). We expect an in-line return from the stock in the next few months.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
American Airlines Group Inc. (AAL): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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It has been about a month since the las t earnings report for American Airlines (AAL). Click to get this free report American Airlines Group Inc. (AAL): Free Stock Analysis Report To read this article on Zacks.com click here. Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recen t earnings report in order to get a better handle on the important catalysts.
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It has been about a month since the las t earnings report for American Airlines (AAL). Click to get this free report American Airlines Group Inc. (AAL): Free Stock Analysis Report To read this article on Zacks.com click here. Earnings Beat at American Airlines in Q4 American Airlines' fourth-quarter 2018 earnings (excluding 35 cents from non-recurring items) of $1.04 per share surpassed the Zacks Consensus Estimate of $1.02.
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It has been about a month since the las t earnings report for American Airlines (AAL). Click to get this free report American Airlines Group Inc. (AAL): Free Stock Analysis Report To read this article on Zacks.com click here. Earnings Beat at American Airlines in Q4 American Airlines' fourth-quarter 2018 earnings (excluding 35 cents from non-recurring items) of $1.04 per share surpassed the Zacks Consensus Estimate of $1.02.
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It has been about a month since the las t earnings report for American Airlines (AAL). Click to get this free report American Airlines Group Inc. (AAL): Free Stock Analysis Report To read this article on Zacks.com click here. Total operating expenses (on a reported basis) climbed 4.2% year over year to $10,389 million due to the 19.6% surge in consolidated fuel costs.
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51b422eb-af19-4254-b818-3ae77e0e4954
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6631.0
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2019-02-21 00:00:00 UTC
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UK Stocks-Factors to watch on Feb 21
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AAL
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https://www.nasdaq.com/articles/uk-stocks-factors-watch-feb-21-2019-02-21
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nan
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nan
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Feb 21 () - Britain's FTSE 100 index is seen opening up 7 points on Thursday, according to financial bookmakers, while FTSE 100 futures were up 0.15 percent ahead of the cash market open.
* BARCLAYS: Barclays reported a lower-than-forecast attributable profit of 3.5 billion pounds ($4.56 billion) for 2018, as it took a 150 million pound provision against Brexit losses and its trading business weathered a difficult fourth quarter.
* SHELL: Royal Dutch Shell and PetroChina are at loggerheads over gas sales pricing at their Arrow Energy joint venture, holding up development of Australia's biggest coal seam gas resource, three industry sources said.
* ANGLO AMERICAN: Anglo American Plc on Thursday posted a better than expected 4 percent rise in underlying core earnings, driven by higher prices, volumes and lower costs.
* RELX: European information and analytics provider Relx said business trends in the beginning of 2019 had continued in line with its 2018 performance as it reported an as-expected 4 percent rise in underlying revenue growth.
* SERCO: British outsourcing firm Serco raised its 2019 profit and revenue forecasts on Thursday buoyed by a run of recent contract wins despite what CEO Rupert Soames called "the fog of Brexit".
* CENTRICA: Britain's largest energy supplier Centrica Plc on Thursday reported higher 2018 profit, but lost consumers during the year and warned that a national price cap on energy bills would hit its 2019 financial performance.
* PLAYTECH: Gambling software developer Playtech announced a 40 million euro ($45.34 million) share buyback and forecast higher core earnings for 2019 on the strength of its gambling business.
* TBC BANK: Georgia's biggest retail bank TBC Bank Group Plc reported a 21.5 percent jump in full-year earnings, as lending remained strong on the back of a strong macroeconomic performance in the former Soviet republic.
* MCBRIDE: McBride Plc warned on Thursday that Britain's disorderly exit from the European Union could raise costs on imported raw materials and goods, bring on more regulatory requirements and prevent seamless travels for its employees.
* RATHBONE BROTHERS: Wealth manager Rathbone Brothers Plc reported higher full-year profit on Thursday, mainly on the purchase of Scottish peer Speirs & Jeffrey, but warned Britain's impending divorce from the European Union could affect the value of its funds under management and administration.
* GLENCORE: Glencore on Wednesday said it would "vigorously contest" a $680 million tax demand from the British authorities linked to transfer pricing.
* STANDARD CHARTERED: Standard Chartered Plc said on Wednesday Britain's financial watchdog had imposed a fine of 102.2 million pounds ($133.34 million) in relation to its investigation into the bank's historical financial crime controls.
* ANGLO AMERICAN: Anglo American said on Thursday it has suspended operations at its Moranbah North coking coal mine in Australia after one worker died and several were injured on Wednesday.
* EX-DIVS: Carnival, GlaxoSmithKline and Imperial Brands will trade without entitlement to their latest dividend pay-out on Thursday, trimming 7.16 points off the FTSE 100 according to calculations.
* The UK blue chip index closed 0.7 percent higher at 7,228.62 points on Wednesday, as Lloyds gained after promising to return cash to shareholders and optimism prevailed over China-U.S. trade talks.
* For more on the factors affecting European stocks, please click on:
TODAY'S UK PAPERS
> Financial Times
> Other business headlines
Multimedia versions of Top News are now available for:
* 3000 Xtra : visit
* For Top News :
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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* RATHBONE BROTHERS: Wealth manager Rathbone Brothers Plc reported higher full-year profit on Thursday, mainly on the purchase of Scottish peer Speirs & Jeffrey, but warned Britain's impending divorce from the European Union could affect the value of its funds under management and administration. * EX-DIVS: Carnival, GlaxoSmithKline and Imperial Brands will trade without entitlement to their latest dividend pay-out on Thursday, trimming 7.16 points off the FTSE 100 according to calculations. * The UK blue chip index closed 0.7 percent higher at 7,228.62 points on Wednesday, as Lloyds gained after promising to return cash to shareholders and optimism prevailed over China-U.S. trade talks.
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* CENTRICA: Britain's largest energy supplier Centrica Plc on Thursday reported higher 2018 profit, but lost consumers during the year and warned that a national price cap on energy bills would hit its 2019 financial performance. * TBC BANK: Georgia's biggest retail bank TBC Bank Group Plc reported a 21.5 percent jump in full-year earnings, as lending remained strong on the back of a strong macroeconomic performance in the former Soviet republic. * RATHBONE BROTHERS: Wealth manager Rathbone Brothers Plc reported higher full-year profit on Thursday, mainly on the purchase of Scottish peer Speirs & Jeffrey, but warned Britain's impending divorce from the European Union could affect the value of its funds under management and administration.
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* ANGLO AMERICAN: Anglo American Plc on Thursday posted a better than expected 4 percent rise in underlying core earnings, driven by higher prices, volumes and lower costs. * CENTRICA: Britain's largest energy supplier Centrica Plc on Thursday reported higher 2018 profit, but lost consumers during the year and warned that a national price cap on energy bills would hit its 2019 financial performance. * RATHBONE BROTHERS: Wealth manager Rathbone Brothers Plc reported higher full-year profit on Thursday, mainly on the purchase of Scottish peer Speirs & Jeffrey, but warned Britain's impending divorce from the European Union could affect the value of its funds under management and administration.
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Feb 21 () - Britain's FTSE 100 index is seen opening up 7 points on Thursday, according to financial bookmakers, while FTSE 100 futures were up 0.15 percent ahead of the cash market open. * BARCLAYS: Barclays reported a lower-than-forecast attributable profit of 3.5 billion pounds ($4.56 billion) for 2018, as it took a 150 million pound provision against Brexit losses and its trading business weathered a difficult fourth quarter. * ANGLO AMERICAN: Anglo American Plc on Thursday posted a better than expected 4 percent rise in underlying core earnings, driven by higher prices, volumes and lower costs.
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8e4d8d3b-87f5-4b88-b3c3-b7cc9741273d
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6632.0
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2019-02-21 00:00:00 UTC
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Spirit Airlines Isn't Avoiding the Competition Anymore
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AAL
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https://www.nasdaq.com/articles/spirit-airlines-isnt-avoiding-competition-anymore-2019-02-21
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nan
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nan
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In the first few years after its 2011 IPO, Spirit Airlines (NYSE: SAVE) seemed practically invincible. The carrier used its rock-bottom cost structure to undercut traditional airlines' fares, enabling it to quickly gain market share while producing industry-leading margins.
That changed quickly beginning in 2015. The legacy carriers, led by American Airlines (NASDAQ: AAL) , began matching Spirit's fares, driving sharp unit revenue declines. Spirit Airlines eventually responded by shifting most of its growth into small and midsize cities, as well as big leisure markets like Florida , rather than fighting for market share in the biggest hubs.
However, Spirit Airlines recently started targeting legacy carriers' biggest hubs for growth once again. Is the budget airline risking another devastating competitive response?
Price matching crushed Spirit's profitability
When Spirit Airlines was just a tiny upstart, larger rivals most ignored it. That encouraged Spirit to grow rapidly in big markets such as Dallas and Chicago, both of which are major hubs for American Airlines.
As Spirit grew, competitors became more fearful of its expansion. In 2015, American Airlines executives noted that 87% of the airline's unique customers fly with American once a year or less, and those passengers account for more than half of its revenue . Management concluded that the company could not risk losing those customers by being underpriced, and so it launched an aggressive campaign to match the rock-bottom fares from the likes of Spirit Airlines. United Continental eventually followed suit, as did Delta Air Lines , to a lesser extent.
This sharp shift in the industry's competitive dynamics caused Spirit's revenue per available seat mile (RASM) to plummet 14.7% in 2015. RASM fell another 9.6% in 2016.
Initially, plunging fuel prices offset the unit revenue declines. Spirit Airlines generated a record adjusted pre-tax margin of 23.4% in 2015. However, as soon as fuel prices began to recover, the company's profitability receded rapidly. Spirit's adjusted pre-tax margin fell from 21.3% in the first half of 2016 to just 8.9% in the first half of 2018.
Fortunately, Spirit Airlines executives realized a strategy shift was necessary long before the carrier's profitability bottomed out. As a result, Spirit has pared its route network in Dallas and Chicago, while growing rapidly in big leisure markets like Orlando, Fort Lauderdale, Las Vegas, and New Orleans. Importantly, none of those four airports host a legacy carrier hub.
Creeping back into the big hubs
2019 is still young, but Spirit Airlines has already announced that it will start service in four new markets this year: Austin, Indianapolis, Raleigh-Durham, and Charlotte. The airline's expansion plans indicate that it is looking to add flights in some of the legacy carriers' biggest hubs again.
From Austin, Spirit is flying to the big leisure markets of Fort Lauderdale, Las Vegas, Orlando, and New Orleans. However, by the end of May, it will be serving five big legacy carrier hubs from Austin as well: Atlanta, Chicago, Denver, Detroit, and Los Angeles. In addition, Spirit Airlines now flies from Austin to Baltimore-Washington International Airport (BWI), which competes with nearby American Airlines and United Airlines hubs in the Washington, D.C. area.
Spirit Airlines will also serve a mix of leisure destinations (Fort Lauderdale, Orlando, and New Orleans) and hub markets (Boston, BWI, Detroit, and Chicago) from Raleigh-Durham. Even more surprisingly, at the time that it announced the new Raleigh flights, Spirit Airlines also unveiled a summer seasonal route between Atlanta and Denver, two busy legacy carrier hubs.
The boldest move of all came earlier this month, when Spirit Airlines decided to launch flights from Charlotte to BWI, Fort Lauderdale, Orlando, and Newark. Spirit had deliberately avoided Charlotte for many years, as it is a fortress hub for American Airlines and has a comparatively small local market.
Still, Spirit hasn't completely abandoned its leisure market strategy. In Indianapolis, it plans to serve just three cities, all of which are important leisure markets: Orlando, Las Vegas, and Myrtle Beach, South Carolina.
Testing and learning
Most of Spirit Airlines' leisure market routes from Austin, Indianapolis, Raleigh-Durham, and Charlotte should thrive. On the other hand, it's not clear how Spirit will do on the routes it is adding to other airlines' hubs. A lot depends on how aggressively the legacy carriers respond.
However, cities such as Atlanta, Chicago, Denver, and Detroit are big markets, and Spirit Airlines has already had some success there. It can't avoid growing in these places forever. The carrier's 2019 plan entails relatively modest growth at these legacy carrier hubs, and Spirit can wait to see how the new routes perform before deciding on its next move.
It's possible that Spirit Airlines will face another wave of aggressive price-matching behavior, in which case it may choose to cut some of these routes and redeploy the capacity elsewhere. But it's equally possible that the incumbents will be more careful about protecting their own margins this time around, since fuel prices have risen since the 2015-2016 period. If that's the case, 2019 is likely to be an incredible year for Spirit Airlines.
10 stocks we like better than Spirit 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 quadrupled the market.*
David and Tom just revealed what they believe are the 10 best stocks for investors to buy right now... and Spirit 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 January 31, 2019
Adam Levine-Weinberg owns shares of Delta Air Lines and Spirit Airlines and is long January 2020 $20 calls on American Airlines Group. The Motley Fool owns shares of Delta Air Lines and Spirit Airlines. The Motley Fool has a disclosure policy .
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The legacy carriers, led by American Airlines (NASDAQ: AAL) , began matching Spirit's fares, driving sharp unit revenue declines. As a result, Spirit has pared its route network in Dallas and Chicago, while growing rapidly in big leisure markets like Orlando, Fort Lauderdale, Las Vegas, and New Orleans. Spirit Airlines will also serve a mix of leisure destinations (Fort Lauderdale, Orlando, and New Orleans) and hub markets (Boston, BWI, Detroit, and Chicago) from Raleigh-Durham.
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The legacy carriers, led by American Airlines (NASDAQ: AAL) , began matching Spirit's fares, driving sharp unit revenue declines. As a result, Spirit has pared its route network in Dallas and Chicago, while growing rapidly in big leisure markets like Orlando, Fort Lauderdale, Las Vegas, and New Orleans. See the 10 stocks *Stock Advisor returns as of January 31, 2019 Adam Levine-Weinberg owns shares of Delta Air Lines and Spirit Airlines and is long January 2020 $20 calls on American Airlines Group.
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The legacy carriers, led by American Airlines (NASDAQ: AAL) , began matching Spirit's fares, driving sharp unit revenue declines. Spirit Airlines eventually responded by shifting most of its growth into small and midsize cities, as well as big leisure markets like Florida , rather than fighting for market share in the biggest hubs. In addition, Spirit Airlines now flies from Austin to Baltimore-Washington International Airport (BWI), which competes with nearby American Airlines and United Airlines hubs in the Washington, D.C. area.
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The legacy carriers, led by American Airlines (NASDAQ: AAL) , began matching Spirit's fares, driving sharp unit revenue declines. The airline's expansion plans indicate that it is looking to add flights in some of the legacy carriers' biggest hubs again. The carrier's 2019 plan entails relatively modest growth at these legacy carrier hubs, and Spirit can wait to see how the new routes perform before deciding on its next move.
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56314309-23ad-48fb-8077-63da1512df78
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6633.0
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2019-02-21 00:00:00 UTC
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AMCU plans to extend Sibanye gold strike to other S.African miners
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AAL
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https://www.nasdaq.com/articles/amcu-plans-extend-sibanye-gold-strike-other-safrican-miners-2019-02-21
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nan
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nan
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By Tanisha Heiberg and Zandi Shabalala
JOHANNESBURG/LONDONFeb 21 (Reuters) - Workers led by South Africa'sAssociation of Mineworkers and Construction Union (AMCU) plan to down tools at gold and platinum mines next week in support of colleagues at Sibanye-Stillwater who are striking over wages and job cuts.
AngloGold Ashanti, Harmony Gold, Anglo American Platinum Lonmin, Village Main Reef and DRDGold have received notices of the strike action, which is expected to begin on Feb. 28 and last until March 7, industry body, the Minerals Council, said on Thursday.
AMCU reached wage agreements with AngloGold, Harmony Gold and Village Main Reef last year.
South Africa is home to the world's biggest platinum group metals deposits and accounts for just over 90 percent of global production.
Lonmin's South African listed shares fell 8.29 percent, while its London-listed shares slipped 6 percent by 1215 GMT after it said it had received a strike notice.
The miner said it was in the process of obtaining legal advice on AMCU's notice.
Lonmin, which is in the process of being bought by Sibanye, has been crippled by soaring costs and subdued platinum prices.
The firm has been cutting spending to conserve cash and retain a positive cash balance, one of the conditions upon which Sibanye's takeover is contingent.
"Any disruption is obviously bad news. The deal with Sibanye hasn't been finalised yet and Sibanye wants Lonmin to be in a cash positive position so obviously if there is a prolonged strike this could affect things," said Yuen Low, mining analyst at Shore Capital.
Workers led by the AMCU also plan to extend their strike at Sibanye-Stillwater's gold shafts to its platinum mines next week, the company said on Thursday.
"We have strike plans. It's not going to change our view," said Sibanye chief executive Neal Froneman.
AMCU said in a strike notice document seen by Reuters that it intends to strike at Sibanye's platinum operations for the duration of the protected strike at its gold mines and until the dispute is resolved.
Sibanye's full-year loss, hit by multiple disruptions at its South African gold operations and a deferred tax charge, was limited by the strong performance of the company's U.S. and South African platinum group metals (PGM) operations, the firm said during its results on Thursday.
The views and 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 Tanisha Heiberg and Zandi Shabalala JOHANNESBURG/LONDONFeb 21 (Reuters) - Workers led by South Africa'sAssociation of Mineworkers and Construction Union (AMCU) plan to down tools at gold and platinum mines next week in support of colleagues at Sibanye-Stillwater who are striking over wages and job cuts. AngloGold Ashanti, Harmony Gold, Anglo American Platinum Lonmin, Village Main Reef and DRDGold have received notices of the strike action, which is expected to begin on Feb. 28 and last until March 7, industry body, the Minerals Council, said on Thursday. Workers led by the AMCU also plan to extend their strike at Sibanye-Stillwater's gold shafts to its platinum mines next week, the company said on Thursday.
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AngloGold Ashanti, Harmony Gold, Anglo American Platinum Lonmin, Village Main Reef and DRDGold have received notices of the strike action, which is expected to begin on Feb. 28 and last until March 7, industry body, the Minerals Council, said on Thursday. Workers led by the AMCU also plan to extend their strike at Sibanye-Stillwater's gold shafts to its platinum mines next week, the company said on Thursday. Sibanye's full-year loss, hit by multiple disruptions at its South African gold operations and a deferred tax charge, was limited by the strong performance of the company's U.S. and South African platinum group metals (PGM) operations, the firm said during its results on Thursday.
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By Tanisha Heiberg and Zandi Shabalala JOHANNESBURG/LONDONFeb 21 (Reuters) - Workers led by South Africa'sAssociation of Mineworkers and Construction Union (AMCU) plan to down tools at gold and platinum mines next week in support of colleagues at Sibanye-Stillwater who are striking over wages and job cuts. AMCU said in a strike notice document seen by Reuters that it intends to strike at Sibanye's platinum operations for the duration of the protected strike at its gold mines and until the dispute is resolved. Sibanye's full-year loss, hit by multiple disruptions at its South African gold operations and a deferred tax charge, was limited by the strong performance of the company's U.S. and South African platinum group metals (PGM) operations, the firm said during its results on Thursday.
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AngloGold Ashanti, Harmony Gold, Anglo American Platinum Lonmin, Village Main Reef and DRDGold have received notices of the strike action, which is expected to begin on Feb. 28 and last until March 7, industry body, the Minerals Council, said on Thursday. The miner said it was in the process of obtaining legal advice on AMCU's notice. Sibanye's full-year loss, hit by multiple disruptions at its South African gold operations and a deferred tax charge, was limited by the strong performance of the company's U.S. and South African platinum group metals (PGM) operations, the firm said during its results on Thursday.
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772de231-fbeb-4331-a5dc-fd995c08c769
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6634.0
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2019-02-21 00:00:00 UTC
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Southwest (LUV) Shares Decline on Dull Q1 Unit Revenue View
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AAL
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https://www.nasdaq.com/articles/southwest-luv-shares-decline-on-dull-q1-unit-revenue-view-2019-02-21
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nan
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nan
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Southwest Airlines Co . LUV has provided a bearish outlook on revenues and operating revenue per available seat mile (RASM: a key measure of unit revenues) for the first quarter of 2019 following the recent U.S. government shutdown. The company also stated that the loss of revenues due to the 35-day shutdown would be beyond what was earlier expected. Post this downbeat guidance, shares of the company declined more than 5% at the close of business on Feb 20.
The damage was not just limited to Southwest. Other notable industry players like Delta Air Lines DAL , American Airlines AAL and Spirit Airlines SAVE also saw their shares take a hit.
The carrier now anticipates first-quarter revenues to suffer an adverse impact of $60 million. Previously, the airline predicted revenues to reduce by $10-$15 million pertaining to government shutdown. Although the government shutdown ended on Jan 25, the company continues to struggles with softness in bookings and passenger demand. There is also speculation of a second government shutdown, which is hurting demand. As a result of weak bookings, the airline now forecasts RASM to increase in the range of 3-4% compared with a rise of 4-5% expected earlier.
Apart from hampering sales, the shutdown has delayed the carrier's plans to launch its Hawaii flights. The operations are now anticipated to begin next month . Previously, the carrier hoped to begin selling tickets for its new service by the end of 2018.
Southwest Airlines Co. Price
Southwest Airlines Co. Price | Southwest Airlines Co. Quote
Operational Delays
This Zacks Rank # 2 (Buy) company has lately been going through turbulent times due to mechanical issues, which have rendered a large number of its aircraft unfit for flying. The disturbance has been causing large-scale flight cancellations since Feb 15, the day the carrier called for an ''operational emergency''. Meanwhile, management stated that it would investigate the mechanical problems to check whether the ongoing negotiations with Aircraft Mechanics Fraternal Association (AMFA) are sparking the trouble. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here .
Notably, the AMFA currently represents approximately 2,400 mechanics at Southwest. The airline has been negotiating with the union, mainly on pay-related issues for more than six years.
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Spirit Airlines, Inc. (SAVE): Free Stock Analysis Report
American Airlines Group Inc. (AAL): Free Stock Analysis Report
Delta Air Lines, Inc. (DAL): Free Stock Analysis Report
Southwest Airlines Co. (LUV): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Other notable industry players like Delta Air Lines DAL , American Airlines AAL and Spirit Airlines SAVE also saw their shares take a hit. Click to get this free report Spirit Airlines, Inc. (SAVE): Free Stock Analysis Report American Airlines Group Inc. (AAL): Free Stock Analysis Report Delta Air Lines, Inc. (DAL): Free Stock Analysis Report Southwest Airlines Co. (LUV): Free Stock Analysis Report To read this article on Zacks.com click here. Although the government shutdown ended on Jan 25, the company continues to struggles with softness in bookings and passenger demand.
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Other notable industry players like Delta Air Lines DAL , American Airlines AAL and Spirit Airlines SAVE also saw their shares take a hit. Click to get this free report Spirit Airlines, Inc. (SAVE): Free Stock Analysis Report American Airlines Group Inc. (AAL): Free Stock Analysis Report Delta Air Lines, Inc. (DAL): Free Stock Analysis Report Southwest Airlines Co. (LUV): Free Stock Analysis Report To read this article on Zacks.com click here. Southwest Airlines Co. Price Southwest Airlines Co. Price | Southwest Airlines Co. Quote Operational Delays This Zacks Rank # 2 (Buy) company has lately been going through turbulent times due to mechanical issues, which have rendered a large number of its aircraft unfit for flying.
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Click to get this free report Spirit Airlines, Inc. (SAVE): Free Stock Analysis Report American Airlines Group Inc. (AAL): Free Stock Analysis Report Delta Air Lines, Inc. (DAL): Free Stock Analysis Report Southwest Airlines Co. (LUV): Free Stock Analysis Report To read this article on Zacks.com click here. Other notable industry players like Delta Air Lines DAL , American Airlines AAL and Spirit Airlines SAVE also saw their shares take a hit. LUV has provided a bearish outlook on revenues and operating revenue per available seat mile (RASM: a key measure of unit revenues) for the first quarter of 2019 following the recent U.S. government shutdown.
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Other notable industry players like Delta Air Lines DAL , American Airlines AAL and Spirit Airlines SAVE also saw their shares take a hit. Click to get this free report Spirit Airlines, Inc. (SAVE): Free Stock Analysis Report American Airlines Group Inc. (AAL): Free Stock Analysis Report Delta Air Lines, Inc. (DAL): Free Stock Analysis Report Southwest Airlines Co. (LUV): Free Stock Analysis Report To read this article on Zacks.com click here. Southwest Airlines Co .
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f33ceed1-6af5-4fe4-ab32-4d5a406df193
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6635.0
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2019-02-21 00:00:00 UTC
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U.S. carriers compete for new slots at Tokyo's Haneda airport
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AAL
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https://www.nasdaq.com/articles/us-carriers-compete-new-slots-tokyos-haneda-airport-2019-02-21
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nan
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By Tracy Rucinski
CHICAGO, Feb 21 () - The top three U.S. carriers announced bids for new slots at Tokyo'sHaneda International Airport on Thursday as part of a push to increase daily nonstop flights to the Japanese capital ahead of the 2020 Olympic Games and beyond.
The extra slots for U.S. airlines were unlocked after Japan reached an agreement with the U.S. Air Force to open up new flight paths around a nearby U.S. air base, a move needed to boost Haneda movements in the run-up to the 2020 Olympics in Tokyo.
United Continental Holdings Inc and Delta Air Lines Inc are each bidding for six slots while American Airlines Group Inc is bidding for four.
Thursday is the deadline for applications to the U.S. Department of Transportation.
Completion of an aviation agreement between the United States and Japan is expected later this year, United said. The new routes would launch for the 2020 summer flying schedule, once the U.S. Department of Transportation awards the slots.
United wants to fly to Haneda from its hubs at Newark Liberty, Chicago O'Hare, Washington Dulles, Los Angeles International, Houston George Bush and Guam. The flights from Newark, Los Angeles and Guam would be new routes operated by Boeing 777 and 787 models, while the flights from the other three hubs would be shifted from Narita.
Under the proposal, United said it would connect to 37 destinations in Japan from Haneda with its joint venture partner All Nippon Airways (ANA).
Industry analysts say a recent sale of Boeing 737 MAX aircraft to ANA may have weighed in the decision to grant more flying rights for U.S. airlines into Haneda, which airlines compete for aggressively due to the airport's proximity to the Japanese capital, a major center for global commerce.
Delta is proposing daily flights from Seattle, Detroit, Atlanta and Portland, Oregon, and twice-daily service between Haneda and Honolulu. American has requested a daily flight from Las Vegas and Los Angeles and twice-daily from its hub in Dallas.
Delta would fly the Airbus A330-900neo from Seattle, the A350-900 from Detroit, the A330-200 from Portland, the Boeing 777-200ER from Atlanta and the 767-300ER from Honolulu.
American, like United, would use 777 and 787 models by Boeing.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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By Tracy Rucinski CHICAGO, Feb 21 () - The top three U.S. carriers announced bids for new slots at Tokyo'sHaneda International Airport on Thursday as part of a push to increase daily nonstop flights to the Japanese capital ahead of the 2020 Olympic Games and beyond. United wants to fly to Haneda from its hubs at Newark Liberty, Chicago O'Hare, Washington Dulles, Los Angeles International, Houston George Bush and Guam. Delta is proposing daily flights from Seattle, Detroit, Atlanta and Portland, Oregon, and twice-daily service between Haneda and Honolulu.
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United wants to fly to Haneda from its hubs at Newark Liberty, Chicago O'Hare, Washington Dulles, Los Angeles International, Houston George Bush and Guam. The flights from Newark, Los Angeles and Guam would be new routes operated by Boeing 777 and 787 models, while the flights from the other three hubs would be shifted from Narita. Delta is proposing daily flights from Seattle, Detroit, Atlanta and Portland, Oregon, and twice-daily service between Haneda and Honolulu.
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The extra slots for U.S. airlines were unlocked after Japan reached an agreement with the U.S. Air Force to open up new flight paths around a nearby U.S. air base, a move needed to boost Haneda movements in the run-up to the 2020 Olympics in Tokyo. United wants to fly to Haneda from its hubs at Newark Liberty, Chicago O'Hare, Washington Dulles, Los Angeles International, Houston George Bush and Guam. Industry analysts say a recent sale of Boeing 737 MAX aircraft to ANA may have weighed in the decision to grant more flying rights for U.S. airlines into Haneda, which airlines compete for aggressively due to the airport's proximity to the Japanese capital, a major center for global commerce.
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United Continental Holdings Inc and Delta Air Lines Inc are each bidding for six slots while American Airlines Group Inc is bidding for four. American has requested a daily flight from Las Vegas and Los Angeles and twice-daily from its hub in Dallas. American, like United, would use 777 and 787 models by Boeing.
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5cda8b71-c2e8-4001-9893-660765c117ac
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6636.0
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2019-02-21 00:00:00 UTC
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United bids for six new slots at Tokyo's Haneda airport
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AAL
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https://www.nasdaq.com/articles/united-bids-six-new-slots-tokyos-haneda-airport-2019-02-21
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nan
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nan
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By Tracy Rucinski
CHICAGO, Feb 21 () - United Continental Holdings is applying for six of 12 new slots open to U.S. carriers at Tokyo'sHaneda International Airport in a push to increase daily nonstop flights to the Japanese capital ahead of the 2020 Olympic Games and beyond.
Haneda is located closer to downtown Tokyo than the capital's other international airport Narita, and flies to more destinations throughout Japan, making it attractive for both business travelers and tourists.
The extra slots for U.S. airlines were unlocked after Japan reached an agreement with the U.S. Air Force to open up new flight paths around a nearby U.S. air base, a move needed to boost Haneda movements in the run-up to the 2020 Olympics in Tokyo.
Completion of an aviation agreement between the U.S. and Japanese governments is expected later this year, United said. Flights are expected to begin service by the summer of 2020, once the U.S. Department of Transportation awards the slots.
U.S. carriers American Airlines Group, Delta Air Lines and Hawaiian Airlines are also expected to bid.
United wants to fly to Haneda from its hubs at Newark Liberty, Chicago O'Hare, Washington Dulles, Los Angeles International, Houston George Bush and Guam. The flights from Newark, Los Angeles and Guam would be new routes operated by Boeing 777 and 787 aircraft, while the flights from the other three hubs would be shifted from Narita.
Under the proposal, United said it would connect to 37 destinations in Japan from Haneda with its joint venture partner All Nippon Airways (ANA).
Industry analysts say a recent sale of Boeing 737 MAX aircraft to ANA may have weighed in the decision to grant more flying rights for U.S. airlines into Haneda, which airlines compete for aggressively due to the airport's proximity to the Japanese capital, a major center for global commerce.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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By Tracy Rucinski CHICAGO, Feb 21 () - United Continental Holdings is applying for six of 12 new slots open to U.S. carriers at Tokyo'sHaneda International Airport in a push to increase daily nonstop flights to the Japanese capital ahead of the 2020 Olympic Games and beyond. Haneda is located closer to downtown Tokyo than the capital's other international airport Narita, and flies to more destinations throughout Japan, making it attractive for both business travelers and tourists. United wants to fly to Haneda from its hubs at Newark Liberty, Chicago O'Hare, Washington Dulles, Los Angeles International, Houston George Bush and Guam.
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Haneda is located closer to downtown Tokyo than the capital's other international airport Narita, and flies to more destinations throughout Japan, making it attractive for both business travelers and tourists. United wants to fly to Haneda from its hubs at Newark Liberty, Chicago O'Hare, Washington Dulles, Los Angeles International, Houston George Bush and Guam. The flights from Newark, Los Angeles and Guam would be new routes operated by Boeing 777 and 787 aircraft, while the flights from the other three hubs would be shifted from Narita.
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By Tracy Rucinski CHICAGO, Feb 21 () - United Continental Holdings is applying for six of 12 new slots open to U.S. carriers at Tokyo'sHaneda International Airport in a push to increase daily nonstop flights to the Japanese capital ahead of the 2020 Olympic Games and beyond. The extra slots for U.S. airlines were unlocked after Japan reached an agreement with the U.S. Air Force to open up new flight paths around a nearby U.S. air base, a move needed to boost Haneda movements in the run-up to the 2020 Olympics in Tokyo. Industry analysts say a recent sale of Boeing 737 MAX aircraft to ANA may have weighed in the decision to grant more flying rights for U.S. airlines into Haneda, which airlines compete for aggressively due to the airport's proximity to the Japanese capital, a major center for global commerce.
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By Tracy Rucinski CHICAGO, Feb 21 () - United Continental Holdings is applying for six of 12 new slots open to U.S. carriers at Tokyo'sHaneda International Airport in a push to increase daily nonstop flights to the Japanese capital ahead of the 2020 Olympic Games and beyond. Haneda is located closer to downtown Tokyo than the capital's other international airport Narita, and flies to more destinations throughout Japan, making it attractive for both business travelers and tourists. U.S. carriers American Airlines Group, Delta Air Lines and Hawaiian Airlines are also expected to bid.
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d1c9df49-b20c-4615-a758-93ff57df5537
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6637.0
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2019-02-20 00:00:00 UTC
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Wall St set to open slightly lower with focus on trade talks
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AAL
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https://www.nasdaq.com/articles/wall-st-set-open-slightly-lower-focus-trade-talks-2019-02-20
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nan
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nan
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By Shreyashi Sanyal
Feb 20 () - U.S. stock index futures were slightly lower on Wednesday after a handful of downbeat earnings reports, while investors weighed the latest developments in trade talks between the United States and China.
President Donald Trump said on Tuesday that trade discussions with China were going well and suggested he was open to extending the deadline to complete negotiations, saying March 1 was not a "magical" date.
"A market-friendly outcome this week will be for both sides to agree on extending the March 1 deadline, which should provide more time for finding a middle ground on trade policy," FXTM analyst Lukman Otunuga wrote in a client note.
"Trump stating that the talks are 'very complex' and the current March deadline is not a 'magical date', a breakthrough deal is still some distance away."
The benchmark S&P 500 index has climbed 18 percent from its December lows, fueled by optimism on trade, a largely upbeat fourth-quarter earnings season and a dovish Federal Reserve.
Investors will be looking for more clues on monetary policy, as the Federal Open Market Committee (FOMC) is slated to release minutes from its January meeting at 2 pm ET (1900 GMT).
The minutes are expected to reaffirm the Federal Reserve's statement last month that it would be "patient" with further rate hikes after markets swooned late in December on fears of an economic slowdown.
"Investors expect more details regarding the shrinking of the Fed's balance sheet and obviously more clues on the Fed pause," said Peter Cardillo, chief market economist at Spartan Capital Securities in a client note.
At 8:19 a.m. ET, Dow e-minis were down 35 points, or 0.14 percent. S&P 500 e-minis were down 2.75 points, or 0.1 percent and Nasdaq 100 e-minis were down 1.25 points, or 0.02 percent.
CVS Health Corp fell 7.6 percent after the drugstore chain operator missed full-year profit forecast due to weakness in its long-term healthcare services business.
Southwest Airlines Co slipped 4.3 percent after the carrier cut its forecast for first-quarter revenue per seat mile on weak passenger demand and a $60 million hit from the partial U.S. government shutdown.
Shares of Delta Air Lines Inc dropped 1.2 percent and American Airlines Group 1.4 percent.
LendingClub Corp shares tumbled 8 percent after the online lender forecast a bigger-than-expected quarterly loss on seasonal weakness and economic uncertainty in the United States and overseas.
Garmin Ltd climbed 6.1 percent after forecasting full-year results above expectations and reporting strong quarterly earnings on higher demand for its smartwatches and navigation systems.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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By Shreyashi Sanyal Feb 20 () - U.S. stock index futures were slightly lower on Wednesday after a handful of downbeat earnings reports, while investors weighed the latest developments in trade talks between the United States and China. "A market-friendly outcome this week will be for both sides to agree on extending the March 1 deadline, which should provide more time for finding a middle ground on trade policy," FXTM analyst Lukman Otunuga wrote in a client note. Southwest Airlines Co slipped 4.3 percent after the carrier cut its forecast for first-quarter revenue per seat mile on weak passenger demand and a $60 million hit from the partial U.S. government shutdown.
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S&P 500 e-minis were down 2.75 points, or 0.1 percent and Nasdaq 100 e-minis were down 1.25 points, or 0.02 percent. LendingClub Corp shares tumbled 8 percent after the online lender forecast a bigger-than-expected quarterly loss on seasonal weakness and economic uncertainty in the United States and overseas. Garmin Ltd climbed 6.1 percent after forecasting full-year results above expectations and reporting strong quarterly earnings on higher demand for its smartwatches and navigation systems.
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The benchmark S&P 500 index has climbed 18 percent from its December lows, fueled by optimism on trade, a largely upbeat fourth-quarter earnings season and a dovish Federal Reserve. S&P 500 e-minis were down 2.75 points, or 0.1 percent and Nasdaq 100 e-minis were down 1.25 points, or 0.02 percent. LendingClub Corp shares tumbled 8 percent after the online lender forecast a bigger-than-expected quarterly loss on seasonal weakness and economic uncertainty in the United States and overseas.
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By Shreyashi Sanyal Feb 20 () - U.S. stock index futures were slightly lower on Wednesday after a handful of downbeat earnings reports, while investors weighed the latest developments in trade talks between the United States and China. President Donald Trump said on Tuesday that trade discussions with China were going well and suggested he was open to extending the deadline to complete negotiations, saying March 1 was not a "magical" date. The minutes are expected to reaffirm the Federal Reserve's statement last month that it would be "patient" with further rate hikes after markets swooned late in December on fears of an economic slowdown.
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efcd3122-828b-4dad-98c8-16f4163fa54d
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6638.0
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2019-02-20 00:00:00 UTC
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U.S. STOCKS ON THE MOVE-Southwest Airlines, Tesla, CVS Health, Garmin, Wix.com
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AAL
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https://www.nasdaq.com/articles/us-stocks-move-southwest-airlines-tesla-cvs-health-garmin-wixcom-2019-02-20
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nan
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nan
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The Day Ahead newsletter:
The Morning News Call newsletter:
U.S. stocks rose sluggishly on Wednesday, as investors awaited the Federal Reserve's minutes from its latest meeting, while assessing the latest developments in the U.S.-China trade talks.
The top three S&P 500 percentage gainers:
** Garmin Ltd, up 14.7 pct
** Devon Energy Corp, up 9.5 pct
** Host Hotels & Resorts Inc, up 6 pct
The top three S&P 500 percentage losers:
** CVS Health Corp, down 7.1 pct
** Henry Schein Inc, down 6.4 pct
** Concho Resources Inc, down 5.8 pct
The top three NYSE percentage gainers:
** Xtant Medical Holdings Inc, up 22.9 pct
** Harte Hanks Inc, up 17.7 pct
** LSC Communications Inc, up 15.6 pct
The top three NYSE percentage losers:
** Owens & Minor Inc, down 16.5 pct
** Ocwen Financial Corp, down 12 pct
** IDT Corp, down 10.1 pct
The top three Nasdaq percentage gainers:
** Kandi Technologies Group Inc, up 38.6 pct
** AzurRx BioPharma Inc, up 26.5 pct
** LeMaitre Vascular Inc, up 25.6 pct
The top three Nasdaq percentage losers:
** PHI Inc, down 21.7 pct
** Sienna Biopharmaceuticals Inc, down 21.1 pct
** IntriCon Corp, down 16.9 pct
** Southwest Airlines Co: down 5.1 pct
Drifts lower on weak forecasts, from carrier and GS
Southwest probes cancellations, says shutdown cost $60 mln
** CVS Health Corp: down 7.1 pct
Shares slide on weak 2019 profit forecast
Street View: CVS Health headwinds not unknown, just worse than expected
** Garmin Ltd: up 14.7 pct
Surges to new 11-yr high on results, div hike plan
Garmin forecasts full-year revenue, profit above estimates, shares rise
** Tesla Inc: down 1.3 pct
Slips after top lawyer's exit
Tesla's top lawyer leaves two months into the job
** Wix.com Ltd: down 12.3 pct
Israel'sWix.com Q4 profit up, sees 25 percent revenue growth in 2019
** New Residential Investment Corp: down 3.3 pct
Falls on $665 mln stock offering
** CenturyLink Inc: down 0.2 pct
"Don't fear the reaper," says top-rated analyst
** Armour Residential REIT Inc: down 3.3 pct
Drops on upsized stock deal
** Owens & Minor Inc: down 16.5 pct
Set to open at 6-wk low on weak results, forecast
** Henry Schein Inc: down 6.4 pct
Falls on Q4 revenue miss; profit forecast disappoints
** LendingClub Corp: down 3.6 pct
Falls on disappointing forecast; Morgan Stanley, BTIG cut PT
** Clearside Biomedical Inc: up 15.9 pct
Jumps after FDA sets action date for co's vision loss drug
** ARCA Biopharma Inc: up 66.4 pct
Surges on agreement with FDA on heart therapy pathway
** Sienna Biopharmaceuticals Inc: down 21.1 pct
Drops on $20 mln stock deal to fund psoriasis drug
** Teva Pharmaceutical Industries Ltd: down 2.6 pct
Mizuho sees delay in return to growth, downgrades
** Bausch Health Companies Inc: down 8.2 pct
Climbs on Q4 beat, promising forecast
** Compass Diversified Holdings: up 2.6 pct
Rises on sale of hemp foods unit to Tilray
** Pure Storage Inc: down 0.9 pct
Raymond James downgrades Pure Storage on Nvidia, NetApp indicators
** Arlington Asset Investment Corp: down 6.0 pct
Falls amid mortgage REIT offering hat trick
** Devon Energy Corp: up 9.5 pct
Up on plan to sell assets, Q4 production beat
** Lantheus Holdings Inc: up 9.6 pct
Hits new 52-wk high on strong Q4 report
** Ovid Therapeutics Inc: down 29.2 pct
Plunges to record low on $30 mln equity raise
** Kandi Technologies Group Inc: up 38.6 pct
Tesla rival Kandi Technologies soars after EVs approved for U.S. highways
** LeMaitre Vascular Inc: up 25.6 pct
Poised for best day in 9-1/2 yrs on Q4 beat, strong forecast
** Southwest Airlines Co: down 5.1 pct
** American Airlines Group Inc: down 1.4 pct
** Delta Air Lines Inc: down 1.3 pct
** United Continental Holdings Inc: down 1.4 pct
** Alaska Air Group Inc: down 1.2 pct
** Hawaiian Holdings Inc: down 3.8 pct
Dow Transports: Snaps 6-day winning run as airlines descend
** Wolverine World Wide Inc: down 7.5 pct
Drops on revenue miss, weak FY forecast
** Charles Schwab Corp: down 2.3 pct
UBS gives rare 'sell' rating, says bull case 'shaky'
** Cadence Design Systems Inc: up 5.4 pct
Record high on stellar Q4 results, FY guidance; analysts lift PT
The 11 major S&P 500 sectors:
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The Day Ahead newsletter: The Morning News Call newsletter: U.S. stocks rose sluggishly on Wednesday, as investors awaited the Federal Reserve's minutes from its latest meeting, while assessing the latest developments in the U.S.-China trade talks. The top three S&P 500 percentage gainers: ** Garmin Ltd, up 14.7 pct ** Devon Energy Corp, up 9.5 pct ** Host Hotels & Resorts Inc, up 6 pct The top three S&P 500 percentage losers: ** CVS Health Corp, down 7.1 pct ** Henry Schein Inc, down 6.4 pct ** Concho Resources Inc, down 5.8 pct The top three NYSE percentage gainers: ** Xtant Medical Holdings Inc, up 22.9 pct ** Harte Hanks Inc, up 17.7 pct ** LSC Communications Inc, up 15.6 pct The top three NYSE percentage losers: ** Owens & Minor Inc, down 16.5 pct ** Ocwen Financial Corp, down 12 pct ** IDT Corp, down 10.1 pct The top three Nasdaq percentage gainers: ** Kandi Technologies Group Inc, up 38.6 pct ** AzurRx BioPharma Inc, up 26.5 pct ** LeMaitre Vascular Inc, up 25.6 pct The top three Nasdaq percentage losers: ** PHI Inc, down 21.7 pct ** Sienna Biopharmaceuticals Inc, down 21.1 pct ** IntriCon Corp, down 16.9 pct ** Southwest Airlines Co: down 5.1 pct Drifts lower on weak forecasts, from carrier and GS Southwest probes cancellations, says shutdown cost $60 mln ** CVS Health Corp: down 7.1 pct Shares slide on weak 2019 profit forecast Street View: CVS Health headwinds not unknown, just worse than expected ** Garmin Ltd: up 14.7 pct Surges to new 11-yr high on results, div hike plan Garmin forecasts full-year revenue, profit above estimates, shares rise ** Tesla Inc: down 1.3 pct Slips after top lawyer's exit Tesla's top lawyer leaves two months into the job ** Wix.com Ltd: down 12.3 pct Israel'sWix.com Q4 profit up, sees 25 percent revenue growth in 2019 ** New Residential Investment Corp: down 3.3 pct Falls on $665 mln stock offering ** CenturyLink Inc: down 0.2 pct "Don't fear the reaper," says top-rated analyst ** Armour Residential REIT Inc: down 3.3 pct Drops on upsized stock deal ** Owens & Minor Inc: down 16.5 pct Set to open at 6-wk low on weak results, forecast ** Henry Schein Inc: down 6.4 pct Falls on Q4 revenue miss; profit forecast disappoints ** LendingClub Corp: down 3.6 pct Falls on disappointing forecast; Morgan Stanley, BTIG cut PT ** Clearside Biomedical Inc: up 15.9 pct Jumps after FDA sets action date for co's vision loss drug ** ARCA Biopharma Inc: up 66.4 pct Surges on agreement with FDA on heart therapy pathway ** Sienna Biopharmaceuticals Inc: down 21.1 pct Drops on $20 mln stock deal to fund psoriasis drug ** Teva Pharmaceutical Industries Ltd: down 2.6 pct Mizuho sees delay in return to growth, downgrades ** Bausch Health Companies Inc: down 8.2 pct Climbs on Q4 beat, promising forecast ** Compass Diversified Holdings: up 2.6 pct Rises on sale of hemp foods unit to Tilray ** Pure Storage Inc: down 0.9 pct Raymond James downgrades Pure Storage on Nvidia, NetApp indicators ** Arlington Asset Investment Corp: down 6.0 pct Falls amid mortgage REIT offering hat trick ** Devon Energy Corp: up 9.5 pct Up on plan to sell assets, Q4 production beat ** Lantheus Holdings Inc: up 9.6 pct Hits new 52-wk high on strong Q4 report ** Ovid Therapeutics Inc: down 29.2 pct Plunges to record low on $30 mln equity raise ** Kandi Technologies Group Inc: up 38.6 pct Tesla rival Kandi Technologies soars after EVs approved for U.S. highways ** LeMaitre Vascular Inc: up 25.6 pct Poised for best day in 9-1/2 yrs on Q4 beat, strong forecast ** Southwest Airlines Co: down 5.1 pct ** American Airlines Group Inc: down 1.4 pct ** Delta Air Lines Inc: down 1.3 pct ** United Continental Holdings Inc: down 1.4 pct ** Alaska Air Group Inc: down 1.2 pct ** Hawaiian Holdings Inc: down 3.8 pct Dow Transports: Snaps 6-day winning run as airlines descend ** Wolverine World Wide Inc: down 7.5 pct Drops on revenue miss, weak FY forecast ** Charles Schwab Corp: down 2.3 pct UBS gives rare 'sell' rating, says bull case 'shaky' ** Cadence Design Systems Inc: up 5.4 pct Record high on stellar Q4 results, FY guidance; analysts lift PT The 11 major S&P 500 sectors: The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The Day Ahead newsletter: The Morning News Call newsletter: U.S. stocks rose sluggishly on Wednesday, as investors awaited the Federal Reserve's minutes from its latest meeting, while assessing the latest developments in the U.S.-China trade talks. The top three S&P 500 percentage gainers: ** Garmin Ltd, up 14.7 pct ** Devon Energy Corp, up 9.5 pct ** Host Hotels & Resorts Inc, up 6 pct The top three S&P 500 percentage losers: ** CVS Health Corp, down 7.1 pct ** Henry Schein Inc, down 6.4 pct ** Concho Resources Inc, down 5.8 pct The top three NYSE percentage gainers: ** Xtant Medical Holdings Inc, up 22.9 pct ** Harte Hanks Inc, up 17.7 pct ** LSC Communications Inc, up 15.6 pct The top three NYSE percentage losers: ** Owens & Minor Inc, down 16.5 pct ** Ocwen Financial Corp, down 12 pct ** IDT Corp, down 10.1 pct The top three Nasdaq percentage gainers: ** Kandi Technologies Group Inc, up 38.6 pct ** AzurRx BioPharma Inc, up 26.5 pct ** LeMaitre Vascular Inc, up 25.6 pct The top three Nasdaq percentage losers: ** PHI Inc, down 21.7 pct ** Sienna Biopharmaceuticals Inc, down 21.1 pct ** IntriCon Corp, down 16.9 pct ** Southwest Airlines Co: down 5.1 pct Drifts lower on weak forecasts, from carrier and GS Southwest probes cancellations, says shutdown cost $60 mln ** CVS Health Corp: down 7.1 pct Shares slide on weak 2019 profit forecast Street View: CVS Health headwinds not unknown, just worse than expected ** Garmin Ltd: up 14.7 pct Surges to new 11-yr high on results, div hike plan Garmin forecasts full-year revenue, profit above estimates, shares rise ** Tesla Inc: down 1.3 pct Slips after top lawyer's exit Tesla's top lawyer leaves two months into the job ** Wix.com Ltd: down 12.3 pct Israel'sWix.com Q4 profit up, sees 25 percent revenue growth in 2019 ** New Residential Investment Corp: down 3.3 pct Falls on $665 mln stock offering ** CenturyLink Inc: down 0.2 pct "Don't fear the reaper," says top-rated analyst ** Armour Residential REIT Inc: down 3.3 pct Drops on upsized stock deal ** Owens & Minor Inc: down 16.5 pct Set to open at 6-wk low on weak results, forecast ** Henry Schein Inc: down 6.4 pct Falls on Q4 revenue miss; profit forecast disappoints ** LendingClub Corp: down 3.6 pct Falls on disappointing forecast; Morgan Stanley, BTIG cut PT ** Clearside Biomedical Inc: up 15.9 pct Jumps after FDA sets action date for co's vision loss drug ** ARCA Biopharma Inc: up 66.4 pct Surges on agreement with FDA on heart therapy pathway ** Sienna Biopharmaceuticals Inc: down 21.1 pct Drops on $20 mln stock deal to fund psoriasis drug ** Teva Pharmaceutical Industries Ltd: down 2.6 pct Mizuho sees delay in return to growth, downgrades ** Bausch Health Companies Inc: down 8.2 pct Climbs on Q4 beat, promising forecast ** Compass Diversified Holdings: up 2.6 pct Rises on sale of hemp foods unit to Tilray ** Pure Storage Inc: down 0.9 pct Raymond James downgrades Pure Storage on Nvidia, NetApp indicators ** Arlington Asset Investment Corp: down 6.0 pct Falls amid mortgage REIT offering hat trick ** Devon Energy Corp: up 9.5 pct Up on plan to sell assets, Q4 production beat ** Lantheus Holdings Inc: up 9.6 pct Hits new 52-wk high on strong Q4 report ** Ovid Therapeutics Inc: down 29.2 pct Plunges to record low on $30 mln equity raise ** Kandi Technologies Group Inc: up 38.6 pct Tesla rival Kandi Technologies soars after EVs approved for U.S. highways ** LeMaitre Vascular Inc: up 25.6 pct Poised for best day in 9-1/2 yrs on Q4 beat, strong forecast ** Southwest Airlines Co: down 5.1 pct ** American Airlines Group Inc: down 1.4 pct ** Delta Air Lines Inc: down 1.3 pct ** United Continental Holdings Inc: down 1.4 pct ** Alaska Air Group Inc: down 1.2 pct ** Hawaiian Holdings Inc: down 3.8 pct Dow Transports: Snaps 6-day winning run as airlines descend ** Wolverine World Wide Inc: down 7.5 pct Drops on revenue miss, weak FY forecast ** Charles Schwab Corp: down 2.3 pct UBS gives rare 'sell' rating, says bull case 'shaky' ** Cadence Design Systems Inc: up 5.4 pct Record high on stellar Q4 results, FY guidance; analysts lift PT The 11 major S&P 500 sectors: The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The Day Ahead newsletter: The Morning News Call newsletter: U.S. stocks rose sluggishly on Wednesday, as investors awaited the Federal Reserve's minutes from its latest meeting, while assessing the latest developments in the U.S.-China trade talks. The top three S&P 500 percentage gainers: ** Garmin Ltd, up 14.7 pct ** Devon Energy Corp, up 9.5 pct ** Host Hotels & Resorts Inc, up 6 pct The top three S&P 500 percentage losers: ** CVS Health Corp, down 7.1 pct ** Henry Schein Inc, down 6.4 pct ** Concho Resources Inc, down 5.8 pct The top three NYSE percentage gainers: ** Xtant Medical Holdings Inc, up 22.9 pct ** Harte Hanks Inc, up 17.7 pct ** LSC Communications Inc, up 15.6 pct The top three NYSE percentage losers: ** Owens & Minor Inc, down 16.5 pct ** Ocwen Financial Corp, down 12 pct ** IDT Corp, down 10.1 pct The top three Nasdaq percentage gainers: ** Kandi Technologies Group Inc, up 38.6 pct ** AzurRx BioPharma Inc, up 26.5 pct ** LeMaitre Vascular Inc, up 25.6 pct The top three Nasdaq percentage losers: ** PHI Inc, down 21.7 pct ** Sienna Biopharmaceuticals Inc, down 21.1 pct ** IntriCon Corp, down 16.9 pct ** Southwest Airlines Co: down 5.1 pct Drifts lower on weak forecasts, from carrier and GS Southwest probes cancellations, says shutdown cost $60 mln ** CVS Health Corp: down 7.1 pct Shares slide on weak 2019 profit forecast Street View: CVS Health headwinds not unknown, just worse than expected ** Garmin Ltd: up 14.7 pct Surges to new 11-yr high on results, div hike plan Garmin forecasts full-year revenue, profit above estimates, shares rise ** Tesla Inc: down 1.3 pct Slips after top lawyer's exit Tesla's top lawyer leaves two months into the job ** Wix.com Ltd: down 12.3 pct Israel'sWix.com Q4 profit up, sees 25 percent revenue growth in 2019 ** New Residential Investment Corp: down 3.3 pct Falls on $665 mln stock offering ** CenturyLink Inc: down 0.2 pct "Don't fear the reaper," says top-rated analyst ** Armour Residential REIT Inc: down 3.3 pct Drops on upsized stock deal ** Owens & Minor Inc: down 16.5 pct Set to open at 6-wk low on weak results, forecast ** Henry Schein Inc: down 6.4 pct Falls on Q4 revenue miss; profit forecast disappoints ** LendingClub Corp: down 3.6 pct Falls on disappointing forecast; Morgan Stanley, BTIG cut PT ** Clearside Biomedical Inc: up 15.9 pct Jumps after FDA sets action date for co's vision loss drug ** ARCA Biopharma Inc: up 66.4 pct Surges on agreement with FDA on heart therapy pathway ** Sienna Biopharmaceuticals Inc: down 21.1 pct Drops on $20 mln stock deal to fund psoriasis drug ** Teva Pharmaceutical Industries Ltd: down 2.6 pct Mizuho sees delay in return to growth, downgrades ** Bausch Health Companies Inc: down 8.2 pct Climbs on Q4 beat, promising forecast ** Compass Diversified Holdings: up 2.6 pct Rises on sale of hemp foods unit to Tilray ** Pure Storage Inc: down 0.9 pct Raymond James downgrades Pure Storage on Nvidia, NetApp indicators ** Arlington Asset Investment Corp: down 6.0 pct Falls amid mortgage REIT offering hat trick ** Devon Energy Corp: up 9.5 pct Up on plan to sell assets, Q4 production beat ** Lantheus Holdings Inc: up 9.6 pct Hits new 52-wk high on strong Q4 report ** Ovid Therapeutics Inc: down 29.2 pct Plunges to record low on $30 mln equity raise ** Kandi Technologies Group Inc: up 38.6 pct Tesla rival Kandi Technologies soars after EVs approved for U.S. highways ** LeMaitre Vascular Inc: up 25.6 pct Poised for best day in 9-1/2 yrs on Q4 beat, strong forecast ** Southwest Airlines Co: down 5.1 pct ** American Airlines Group Inc: down 1.4 pct ** Delta Air Lines Inc: down 1.3 pct ** United Continental Holdings Inc: down 1.4 pct ** Alaska Air Group Inc: down 1.2 pct ** Hawaiian Holdings Inc: down 3.8 pct Dow Transports: Snaps 6-day winning run as airlines descend ** Wolverine World Wide Inc: down 7.5 pct Drops on revenue miss, weak FY forecast ** Charles Schwab Corp: down 2.3 pct UBS gives rare 'sell' rating, says bull case 'shaky' ** Cadence Design Systems Inc: up 5.4 pct Record high on stellar Q4 results, FY guidance; analysts lift PT The 11 major S&P 500 sectors: The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The Day Ahead newsletter: The Morning News Call newsletter: U.S. stocks rose sluggishly on Wednesday, as investors awaited the Federal Reserve's minutes from its latest meeting, while assessing the latest developments in the U.S.-China trade talks. The top three S&P 500 percentage gainers: ** Garmin Ltd, up 14.7 pct ** Devon Energy Corp, up 9.5 pct ** Host Hotels & Resorts Inc, up 6 pct The top three S&P 500 percentage losers: ** CVS Health Corp, down 7.1 pct ** Henry Schein Inc, down 6.4 pct ** Concho Resources Inc, down 5.8 pct The top three NYSE percentage gainers: ** Xtant Medical Holdings Inc, up 22.9 pct ** Harte Hanks Inc, up 17.7 pct ** LSC Communications Inc, up 15.6 pct The top three NYSE percentage losers: ** Owens & Minor Inc, down 16.5 pct ** Ocwen Financial Corp, down 12 pct ** IDT Corp, down 10.1 pct The top three Nasdaq percentage gainers: ** Kandi Technologies Group Inc, up 38.6 pct ** AzurRx BioPharma Inc, up 26.5 pct ** LeMaitre Vascular Inc, up 25.6 pct The top three Nasdaq percentage losers: ** PHI Inc, down 21.7 pct ** Sienna Biopharmaceuticals Inc, down 21.1 pct ** IntriCon Corp, down 16.9 pct ** Southwest Airlines Co: down 5.1 pct Drifts lower on weak forecasts, from carrier and GS Southwest probes cancellations, says shutdown cost $60 mln ** CVS Health Corp: down 7.1 pct Shares slide on weak 2019 profit forecast Street View: CVS Health headwinds not unknown, just worse than expected ** Garmin Ltd: up 14.7 pct Surges to new 11-yr high on results, div hike plan Garmin forecasts full-year revenue, profit above estimates, shares rise ** Tesla Inc: down 1.3 pct Slips after top lawyer's exit Tesla's top lawyer leaves two months into the job ** Wix.com Ltd: down 12.3 pct Israel'sWix.com Q4 profit up, sees 25 percent revenue growth in 2019 ** New Residential Investment Corp: down 3.3 pct Falls on $665 mln stock offering ** CenturyLink Inc: down 0.2 pct "Don't fear the reaper," says top-rated analyst ** Armour Residential REIT Inc: down 3.3 pct Drops on upsized stock deal ** Owens & Minor Inc: down 16.5 pct Set to open at 6-wk low on weak results, forecast ** Henry Schein Inc: down 6.4 pct Falls on Q4 revenue miss; profit forecast disappoints ** LendingClub Corp: down 3.6 pct Falls on disappointing forecast; Morgan Stanley, BTIG cut PT ** Clearside Biomedical Inc: up 15.9 pct Jumps after FDA sets action date for co's vision loss drug ** ARCA Biopharma Inc: up 66.4 pct Surges on agreement with FDA on heart therapy pathway ** Sienna Biopharmaceuticals Inc: down 21.1 pct Drops on $20 mln stock deal to fund psoriasis drug ** Teva Pharmaceutical Industries Ltd: down 2.6 pct Mizuho sees delay in return to growth, downgrades ** Bausch Health Companies Inc: down 8.2 pct Climbs on Q4 beat, promising forecast ** Compass Diversified Holdings: up 2.6 pct Rises on sale of hemp foods unit to Tilray ** Pure Storage Inc: down 0.9 pct Raymond James downgrades Pure Storage on Nvidia, NetApp indicators ** Arlington Asset Investment Corp: down 6.0 pct Falls amid mortgage REIT offering hat trick ** Devon Energy Corp: up 9.5 pct Up on plan to sell assets, Q4 production beat ** Lantheus Holdings Inc: up 9.6 pct Hits new 52-wk high on strong Q4 report ** Ovid Therapeutics Inc: down 29.2 pct Plunges to record low on $30 mln equity raise ** Kandi Technologies Group Inc: up 38.6 pct Tesla rival Kandi Technologies soars after EVs approved for U.S. highways ** LeMaitre Vascular Inc: up 25.6 pct Poised for best day in 9-1/2 yrs on Q4 beat, strong forecast ** Southwest Airlines Co: down 5.1 pct ** American Airlines Group Inc: down 1.4 pct ** Delta Air Lines Inc: down 1.3 pct ** United Continental Holdings Inc: down 1.4 pct ** Alaska Air Group Inc: down 1.2 pct ** Hawaiian Holdings Inc: down 3.8 pct Dow Transports: Snaps 6-day winning run as airlines descend ** Wolverine World Wide Inc: down 7.5 pct Drops on revenue miss, weak FY forecast ** Charles Schwab Corp: down 2.3 pct UBS gives rare 'sell' rating, says bull case 'shaky' ** Cadence Design Systems Inc: up 5.4 pct Record high on stellar Q4 results, FY guidance; analysts lift PT The 11 major S&P 500 sectors: The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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96bf896d-d484-40f8-ba89-fd9c83f53cce
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6639.0
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2019-02-20 00:00:00 UTC
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US STOCKS-Wall St set to open slightly lower with focus on trade talks
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AAL
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https://www.nasdaq.com/articles/us-stocks-wall-st-set-open-slightly-lower-focus-trade-talks-2019-02-20
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nan
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nan
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(For a live blog on the U.S. stock market, click LIVE/ ortype LIVE/ in a news window.)
* U.S.-China trade talks continue in Washington
* CVS falls on weak profit forecast
* Investors eye FOMC minutes at 2 pm ET
* Futures off: Dow 0.14 pct, S&P 0.10 pct, Nasdaq 0.02 pct (Updates prices, adds details)
By Shreyashi Sanyal
Feb 20 (Reuters) - U.S. stock index futures were slightlylower on Wednesday after a handful of downbeat earnings reports,while investors weighed the latest developments in trade talksbetween the United States and China.
President Donald Trump said on Tuesday that tradediscussions with China were going well and suggested he was opento extending the deadline to complete negotiations, saying March1 was not a "magical" date.
Up to now, it was assumed U.S. tariffs on $200 billion worthof Chinese imports would rise to 25 percent from 10 percent ifno trade deal was reached by then.
"A market-friendly outcome this week will be for both sidesto agree on extending the March 1 deadline, which should providemore time for finding a middle ground on trade policy," FXTManalyst Lukman Otunuga wrote in a client note.
"Trump stating that the talks are 'very complex' and thecurrent March deadline is not a 'magical date', a breakthroughdeal is still some distance away."
The benchmark S&P 500 index .SPX has climbed 18 percentfrom its December lows, fueled by optimism on trade, a largelyupbeat fourth-quarter earnings season and a dovish FederalReserve.
Investors will be looking for more clues on monetary policy,as the Federal Open Market Committee (FOMC) is slated to releaseminutes from its January meeting at 2 pm ET (1900 GMT).
The minutes are expected to reaffirm the Federal Reserve'sstatement last month that it would be "patient" with furtherrate hikes after markets swooned late in December on fears of aneconomic slowdown.
"Investors expect more details regarding the shrinking ofthe Fed's balance sheet and obviously more clues on the Fedpause," said Peter Cardillo, chief market economist at SpartanCapital Securities in a client note.
At 8:19 a.m. ET, Dow e-minis 1YMc1 were down 35 points,or 0.14 percent. S&P 500 e-minis ESc1 were down 2.75 points,or 0.1 percent and Nasdaq 100 e-minis NQc1 were down 1.25points, or 0.02 percent.
CVS Health CorpCVS.N fell 7.6 percent after the drugstorechain operator missed full-year profit forecast due to weaknessin its long-term healthcare services business.
Southwest Airlines CoLUV.N slipped 4.3 percent after thecarrier cut its forecast for first-quarter revenue per seat mileon weak passenger demand and a $60 million hit from the partialU.S. government shutdown.
Shares of Delta Air Lines IncDAL.N dropped 1.2 percentand American Airlines GroupAAL.O 1.4 percent.
LendingClub CorpLC.N shares tumbled 8 percent after theonline lender forecast a bigger-than-expected quarterly loss onseasonal weakness and economic uncertainty in the United Statesand overseas.
Garmin LtdGRMN.O climbed 6.1 percent after forecastingfull-year results above expectations and reporting strongquarterly earnings on higher demand for its smartwatches andnavigation systems.
The views and 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 Delta Air Lines IncDAL.N dropped 1.2 percentand American Airlines GroupAAL.O 1.4 percent. "A market-friendly outcome this week will be for both sidesto agree on extending the March 1 deadline, which should providemore time for finding a middle ground on trade policy," FXTManalyst Lukman Otunuga wrote in a client note. "Investors expect more details regarding the shrinking ofthe Fed's balance sheet and obviously more clues on the Fedpause," said Peter Cardillo, chief market economist at SpartanCapital Securities in a client note.
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Shares of Delta Air Lines IncDAL.N dropped 1.2 percentand American Airlines GroupAAL.O 1.4 percent. * U.S.-China trade talks continue in Washington * CVS falls on weak profit forecast * Investors eye FOMC minutes at 2 pm ET * Futures off: Dow 0.14 pct, S&P 0.10 pct, Nasdaq 0.02 pct (Updates prices, adds details) By Shreyashi Sanyal Feb 20 (Reuters) - U.S. stock index futures were slightlylower on Wednesday after a handful of downbeat earnings reports,while investors weighed the latest developments in trade talksbetween the United States and China. ET, Dow e-minis 1YMc1 were down 35 points,or 0.14 percent.
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Shares of Delta Air Lines IncDAL.N dropped 1.2 percentand American Airlines GroupAAL.O 1.4 percent. * U.S.-China trade talks continue in Washington * CVS falls on weak profit forecast * Investors eye FOMC minutes at 2 pm ET * Futures off: Dow 0.14 pct, S&P 0.10 pct, Nasdaq 0.02 pct (Updates prices, adds details) By Shreyashi Sanyal Feb 20 (Reuters) - U.S. stock index futures were slightlylower on Wednesday after a handful of downbeat earnings reports,while investors weighed the latest developments in trade talksbetween the United States and China. Up to now, it was assumed U.S. tariffs on $200 billion worthof Chinese imports would rise to 25 percent from 10 percent ifno trade deal was reached by then.
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Shares of Delta Air Lines IncDAL.N dropped 1.2 percentand American Airlines GroupAAL.O 1.4 percent. (For a live blog on the U.S. stock market, click LIVE/ ortype LIVE/ in a news window.) * U.S.-China trade talks continue in Washington * CVS falls on weak profit forecast * Investors eye FOMC minutes at 2 pm ET * Futures off: Dow 0.14 pct, S&P 0.10 pct, Nasdaq 0.02 pct (Updates prices, adds details) By Shreyashi Sanyal Feb 20 (Reuters) - U.S. stock index futures were slightlylower on Wednesday after a handful of downbeat earnings reports,while investors weighed the latest developments in trade talksbetween the United States and China.
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a2cdd498-4106-4b74-b414-c1a6a8063ab3
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6640.0
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2019-02-20 00:00:00 UTC
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Southwest shares drop as mechanics dispute escalates
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AAL
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https://www.nasdaq.com/articles/southwest-shares-drop-mechanics-dispute-escalates-2019-02-20
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nan
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nan
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By Tracy Rucinski and Ankit Ajmera
Feb 20 () - Southwest Airlines Co's shares fell more than 5 percent on Wednesday after the low-cost U.S. carrier said it was investigating whether a conflict with its mechanics union was leading to a spike in flight cancellations.
The escalating labor dispute, one of the biggest to hit a top-four U.S. airline in more than a decade, comes amid a series of recent corporate headaches for the carrier.
That followed news on Monday that the Federal Aviation Administration initiated a probe against the carrier in 2018 regarding weight and balance performance data.
Shares of Southwest fell 5.7 percent to close at $54.41 on the New York Stock Exchange on Wednesday.
The airline has canceled hundreds of flights since Feb. 15 due to a mixture of inclement weather and unscheduled maintenance issues that have put what it called an unprecedented number of aircraft out of service.
Southwest said there was no common theme among the maintenance issues, which followed the latest round of negotiations with the Aircraft Mechanics Fraternal Association (AMFA). The union represents about 2,400 Southwest mechanics and has been in contract talks with management since 2012.
Southwest Chief Operating Officer Mike Van de Ven said on Tuesday that the carrier would investigate why the number of aircraft unable to fly due to mechanical issues had doubled and said the airline remained committed to operating a safe fleet.
Last week the company declared an operational "emergency" and demanded all mechanics turn up for work.
AMFA disputed the carrier's characterization of the maintenance issues on its website and said Southwest has the lowest mechanic-to-aircraft ratio of any major carrier.
"Negotiations and the degradation of safety culture are two entirely different items," Bret Oestreich, AMFA's national director, told .
The dispute comes at time when aviation deaths around the world have been falling. 2018 was the third-safest year ever in terms of the number of fatal accidents worldwide, according to the Aviation Safety Network.
Eric Schiffer, CEO of Reputation Management Consultants, said Southwest's handling of the aircraft disruption had likely "highlighted a safety concern when there didn't need to be one."
"And whenever an airline is associated with risk, it impacts shares and sales," Schiffer said in an interview on Wednesday.
American Airlines Group Inc is also in contract talks with its mechanics unions and asked for a federal mediator to facilitate negotiations last September. American's mechanic contracts have not been updated since it merged with US Airways in 2013.
Southwest canceled 444 flights on Wednesday, about 20 percent of total cancellations across the United States, according to flight-tracking service FlightAware.com. It was not clear how many of the cancellations were due to weather.
The next round of mediated contract talks with the mechanics union is scheduled for March 12, Southwest spokeswoman Brandy King said.
Southwest said it had already enhanced a contract offer that the union walked away from last fall.
SHUTDOWN HIT
Earlier on Wednesday, Southwest said it expected a $60 million sales hit from the recent U.S. government partial shutdown, four times its previous estimate.
While the 35-day U.S. shutdown ended on Jan. 25, King said passenger demand and bookings continued to suffer due to uncertainty over a potential second shutdown before a government deal was reached on Feb. 14.
As a result, Southwest trimmed its first-quarter growth forecast for revenue per available seat mile to a range of 3 to 4 percent from a previous range of 4 to 5 percent.
Southwest, which flies more domestic flights than legacy peers like American, said it is hopeful that first-quarter demand softness is temporary.
However, the more than month-long hiatus in U.S. government decision-making has delayed the federal authorization process for Southwest's plans to launch service to Hawaii, which it had hoped to begin early this year.
That process is currently under way, though the carrier has as yet been unable to announce a launch date.
Goldman Sachs said this means the airline will have a shorter window to sell tickets to Hawaii, forcing it to discount heavily at a time when most rivals expect an improvement in ticket prices. It issued a "sell" recommendation on the stock.
Editing by Patrick Graham and Matthew Lewis)
+1 312 408-8575))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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By Tracy Rucinski and Ankit Ajmera Feb 20 () - Southwest Airlines Co's shares fell more than 5 percent on Wednesday after the low-cost U.S. carrier said it was investigating whether a conflict with its mechanics union was leading to a spike in flight cancellations. The airline has canceled hundreds of flights since Feb. 15 due to a mixture of inclement weather and unscheduled maintenance issues that have put what it called an unprecedented number of aircraft out of service. However, the more than month-long hiatus in U.S. government decision-making has delayed the federal authorization process for Southwest's plans to launch service to Hawaii, which it had hoped to begin early this year.
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Southwest Chief Operating Officer Mike Van de Ven said on Tuesday that the carrier would investigate why the number of aircraft unable to fly due to mechanical issues had doubled and said the airline remained committed to operating a safe fleet. Earlier on Wednesday, Southwest said it expected a $60 million sales hit from the recent U.S. government partial shutdown, four times its previous estimate. However, the more than month-long hiatus in U.S. government decision-making has delayed the federal authorization process for Southwest's plans to launch service to Hawaii, which it had hoped to begin early this year.
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By Tracy Rucinski and Ankit Ajmera Feb 20 () - Southwest Airlines Co's shares fell more than 5 percent on Wednesday after the low-cost U.S. carrier said it was investigating whether a conflict with its mechanics union was leading to a spike in flight cancellations. Southwest Chief Operating Officer Mike Van de Ven said on Tuesday that the carrier would investigate why the number of aircraft unable to fly due to mechanical issues had doubled and said the airline remained committed to operating a safe fleet. AMFA disputed the carrier's characterization of the maintenance issues on its website and said Southwest has the lowest mechanic-to-aircraft ratio of any major carrier.
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Shares of Southwest fell 5.7 percent to close at $54.41 on the New York Stock Exchange on Wednesday. Southwest said there was no common theme among the maintenance issues, which followed the latest round of negotiations with the Aircraft Mechanics Fraternal Association (AMFA). The union represents about 2,400 Southwest mechanics and has been in contract talks with management since 2012.
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12d21665-f9a1-47be-a9e8-a685af81339d
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6641.0
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2019-02-20 00:00:00 UTC
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Colombia's 2018 coal output falls 7.4 pct vs year before
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AAL
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https://www.nasdaq.com/articles/colombias-2018-coal-output-falls-74-pct-vs-year-2019-02-20
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nan
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nan
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BOGOTA, Feb 20 (Reuters) - Colombia, the world's fifth-largest exporter of coal, produced 84.3 million tonnes in 2018, down 7.4 percent from the previous year as heavy rains disrupted operations at major mines, government figures showed on Wednesday.
Coal production in the South American country during 2017 had surpassed 91 million tons, one of the highest figures historically.
The biggest players in Colombia's coal industry are Drummond Co Inc, Glencore Plc and Murray Energy Corp's Colombia Natural Resources. There is also Cerrejon, owned by BHP Group Ltd, Anglo American Plc and Glencore.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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BOGOTA, Feb 20 (Reuters) - Colombia, the world's fifth-largest exporter of coal, produced 84.3 million tonnes in 2018, down 7.4 percent from the previous year as heavy rains disrupted operations at major mines, government figures showed on Wednesday. Coal production in the South American country during 2017 had surpassed 91 million tons, one of the highest figures historically. There is also Cerrejon, owned by BHP Group Ltd, Anglo American Plc and Glencore.
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BOGOTA, Feb 20 (Reuters) - Colombia, the world's fifth-largest exporter of coal, produced 84.3 million tonnes in 2018, down 7.4 percent from the previous year as heavy rains disrupted operations at major mines, government figures showed on Wednesday. The biggest players in Colombia's coal industry are Drummond Co Inc, Glencore Plc and Murray Energy Corp's Colombia Natural Resources. There is also Cerrejon, owned by BHP Group Ltd, Anglo American Plc and Glencore.
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BOGOTA, Feb 20 (Reuters) - Colombia, the world's fifth-largest exporter of coal, produced 84.3 million tonnes in 2018, down 7.4 percent from the previous year as heavy rains disrupted operations at major mines, government figures showed on Wednesday. The biggest players in Colombia's coal industry are Drummond Co Inc, Glencore Plc and Murray Energy Corp's Colombia Natural Resources. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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BOGOTA, Feb 20 (Reuters) - Colombia, the world's fifth-largest exporter of coal, produced 84.3 million tonnes in 2018, down 7.4 percent from the previous year as heavy rains disrupted operations at major mines, government figures showed on Wednesday. Coal production in the South American country during 2017 had surpassed 91 million tons, one of the highest figures historically. The biggest players in Colombia's coal industry are Drummond Co Inc, Glencore Plc and Murray Energy Corp's Colombia Natural Resources.
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a254fb7d-b17b-44ea-908c-4534a0e9fa30
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6642.0
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2019-02-20 00:00:00 UTC
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Southwest shares drop as mechanics labor dispute escalates
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AAL
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https://www.nasdaq.com/articles/southwest-shares-drop-mechanics-labor-dispute-escalates-2019-02-20
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nan
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nan
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By Tracy Rucinski and Ankit Ajmera
Feb 20 () - Southwest Airlines Co's shares fell more than 5 percent on Wednesday after the low-cost U.S. carrier said it was investigating whether a conflict with its mechanics union was leading to a spike in flight cancellations.
The escalating labor dispute, one of the biggest to hit a top-four U.S. airline in more than a decade, comes amid a series of recent corporate headaches for the carrier.
That followed news on Monday that the Federal Aviation Administration initiated a probe against the carrier in 2018 regarding weight and balance performance data.
Shares of Southwest fell 5.7 percent to close at $54.41 on the New York Stock Exchange on Wednesday.
The airline has canceled hundreds of flights since Feb. 15 due to a mixture of inclement weather and unscheduled maintenance issues that have put what it called an unprecedented number of aircraft out of service.
Southwest said there was no common theme among the maintenance issues, which followed the latest round of negotiations with the Aircraft Mechanics Fraternal Association (AMFA). The union represents about 2,400 Southwest mechanics and has been in contract talks with management since 2012.
Southwest Chief Operating Officer Mike Van de Ven said on Tuesday that the carrier would investigate why the number of aircraft unable to fly due to mechanical issues had doubled and said the airline remained committed to operating a safe fleet.
Last week the company declared an operational "emergency" and demanded all mechanics turn up for work.
AMFA disputed the carrier's characterization of the maintenance issues on its website and said Southwest has the lowest mechanic-to-aircraft ratio of any major carrier.
"Negotiations and the degradation of safety culture are two entirely different items," Bret Oestreich, AMFA's national director, told .
The dispute comes at time when aviation deaths around the world have been falling. 2018 was the third-safest year ever in terms of the number of fatal accidents worldwide, according to the Aviation Safety Network.
Eric Schiffer, CEO of Reputation Management Consultants, said Southwest's handling of the aircraft disruption had likely "highlighted a safety concern when there didn't need to be one."
"And whenever an airline is associated with risk, it impacts shares and sales," Schiffer said in an interview on Wednesday.
American Airlines Group Inc is also in contract talks with its mechanics unions and asked for a federal mediator to facilitate negotiations last September. American's mechanic contracts have not been updated since it merged with US Airways in 2013.
Southwest canceled 444 flights on Wednesday, about 20 percent of total cancellations across the United States, according to flight-tracking service FlightAware.com. It was not clear how many of the cancellations were due to weather.
The next round of mediated contract talks with the mechanics union is scheduled for March 12, Southwest spokeswoman Brandy King said.
Southwest said it had already enhanced a contract offer that the union walked away from last fall.
SHUTDOWN HIT
Earlier on Wednesday, Southwest said it expected a $60 million sales hit from the recent U.S. government partial shutdown, four times its previous estimate.
While the 35-day U.S. shutdown ended on Jan. 25, King said passenger demand and bookings continued to suffer due to uncertainty over a potential second shutdown before a government deal was reached on Feb. 14.
As a result, Southwest trimmed its first-quarter growth forecast for revenue per available seat mile to a range of 3 to 4 percent from a previous range of 4 to 5 percent.
Southwest, which flies more domestic flights than legacy peers like American, said it is hopeful that first-quarter demand softness is temporary.
However, the more than month-long hiatus in U.S. government decision-making has delayed the federal authorization process for Southwest's plans to launch service to Hawaii, which it had hoped to begin early this year.
That process is currently under way, though the carrier has as yet been unable to announce a launch date.
Goldman Sachs said this means the airline will have a shorter window to sell tickets to Hawaii, forcing it to discount heavily at a time when most rivals expect an improvement in ticket prices. It issued a "sell" recommendation on the stock.
Editing by Patrick Graham and Matthew Lewis)
+1 312 408-8575))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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By Tracy Rucinski and Ankit Ajmera Feb 20 () - Southwest Airlines Co's shares fell more than 5 percent on Wednesday after the low-cost U.S. carrier said it was investigating whether a conflict with its mechanics union was leading to a spike in flight cancellations. The airline has canceled hundreds of flights since Feb. 15 due to a mixture of inclement weather and unscheduled maintenance issues that have put what it called an unprecedented number of aircraft out of service. However, the more than month-long hiatus in U.S. government decision-making has delayed the federal authorization process for Southwest's plans to launch service to Hawaii, which it had hoped to begin early this year.
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Southwest Chief Operating Officer Mike Van de Ven said on Tuesday that the carrier would investigate why the number of aircraft unable to fly due to mechanical issues had doubled and said the airline remained committed to operating a safe fleet. Earlier on Wednesday, Southwest said it expected a $60 million sales hit from the recent U.S. government partial shutdown, four times its previous estimate. However, the more than month-long hiatus in U.S. government decision-making has delayed the federal authorization process for Southwest's plans to launch service to Hawaii, which it had hoped to begin early this year.
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By Tracy Rucinski and Ankit Ajmera Feb 20 () - Southwest Airlines Co's shares fell more than 5 percent on Wednesday after the low-cost U.S. carrier said it was investigating whether a conflict with its mechanics union was leading to a spike in flight cancellations. Southwest Chief Operating Officer Mike Van de Ven said on Tuesday that the carrier would investigate why the number of aircraft unable to fly due to mechanical issues had doubled and said the airline remained committed to operating a safe fleet. AMFA disputed the carrier's characterization of the maintenance issues on its website and said Southwest has the lowest mechanic-to-aircraft ratio of any major carrier.
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Shares of Southwest fell 5.7 percent to close at $54.41 on the New York Stock Exchange on Wednesday. Southwest said there was no common theme among the maintenance issues, which followed the latest round of negotiations with the Aircraft Mechanics Fraternal Association (AMFA). The union represents about 2,400 Southwest mechanics and has been in contract talks with management since 2012.
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3a5e4433-d72e-4538-8d27-b7599af3e051
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6643.0
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2019-02-19 00:00:00 UTC
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South Africa's Kumba Iron Ore FY headline earnings fall
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AAL
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https://www.nasdaq.com/articles/south-africas-kumba-iron-ore-fy-headline-earnings-fall-2019-02-19
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nan
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nan
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JOHANNESBURG, Feb 19 (Reuters) - South Africa'sKumba Iron Ore Ltd on Tuesday reported lower full-year headline earnings compared to 2017, when the firm had benefited from the positive impact of an impairment reversal.
The company, a unit of Anglo American, said headline earnings came in at 30.28 rand per share in the year ended Dec. 31, 2018, compared to 30.47 rand a year ago.
Headline EPS is the primary profit measure in South Africa, and strips out certain one-off items.
($1 = 14.1286 rand)
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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JOHANNESBURG, Feb 19 (Reuters) - South Africa'sKumba Iron Ore Ltd on Tuesday reported lower full-year headline earnings compared to 2017, when the firm had benefited from the positive impact of an impairment reversal. The company, a unit of Anglo American, said headline earnings came in at 30.28 rand per share in the year ended Dec. 31, 2018, compared to 30.47 rand a year ago. Headline EPS is the primary profit measure in South Africa, and strips out certain one-off items.
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JOHANNESBURG, Feb 19 (Reuters) - South Africa'sKumba Iron Ore Ltd on Tuesday reported lower full-year headline earnings compared to 2017, when the firm had benefited from the positive impact of an impairment reversal. The company, a unit of Anglo American, said headline earnings came in at 30.28 rand per share in the year ended Dec. 31, 2018, compared to 30.47 rand a year ago. ($1 = 14.1286 rand) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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JOHANNESBURG, Feb 19 (Reuters) - South Africa'sKumba Iron Ore Ltd on Tuesday reported lower full-year headline earnings compared to 2017, when the firm had benefited from the positive impact of an impairment reversal. The company, a unit of Anglo American, said headline earnings came in at 30.28 rand per share in the year ended Dec. 31, 2018, compared to 30.47 rand a year ago. ($1 = 14.1286 rand) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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JOHANNESBURG, Feb 19 (Reuters) - South Africa'sKumba Iron Ore Ltd on Tuesday reported lower full-year headline earnings compared to 2017, when the firm had benefited from the positive impact of an impairment reversal. The company, a unit of Anglo American, said headline earnings came in at 30.28 rand per share in the year ended Dec. 31, 2018, compared to 30.47 rand a year ago. Headline EPS is the primary profit measure in South Africa, and strips out certain one-off items.
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d9845c94-9775-4de9-9b93-ce8f0911ac9d
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6644.0
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2019-02-19 00:00:00 UTC
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Insiders Bullish on Certain Holdings of JKI
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AAL
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https://www.nasdaq.com/articles/insiders-bullish-certain-holdings-jki-2019-02-19
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nan
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nan
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A look at the weighted underlying holdings of the iShares Morningstar Mid-Cap Value ETF ( JKI ) shows an impressive 11.5% of holdings on a weighted basis have experienced insider buying within the past six months.
American Airlines Group Inc (Symbol: AAL), which makes up 0.83% of the iShares Morningstar Mid-Cap Value ETF ( JKI ), has seen 2 directors and officers purchase shares in the past six months, according to the recent Form 4 data. The ETF holds a total of $3,819,328 worth of AAL, making it the #34 largest holding. The table below details the recent insider buying activity observed at AAL:
AAL - last trade: $35.05 - Recent Insider Buys:
And Apache Corp (Symbol: APA), the #44 largest holding among components of the iShares Morningstar Mid-Cap Value ETF ( JKI ), shows 2 directors and officers as recently filing Form 4's indicating purchases. The ETF holds $3,360,103 worth of APA, which represents approximately 0.73% of the ETF's total assets at last check. The recent insider buying activity observed at APA is detailed in the table below:
APA - last trade: $33.30 - Recent Insider Buys:
10 ETFs With Stocks That Insiders Are Buying »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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American Airlines Group Inc (Symbol: AAL), which makes up 0.83% of the iShares Morningstar Mid-Cap Value ETF ( JKI ), has seen 2 directors and officers purchase shares in the past six months, according to the recent Form 4 data. The table below details the recent insider buying activity observed at AAL: AAL - last trade: $35.05 - Recent Insider Buys: And Apache Corp (Symbol: APA), the #44 largest holding among components of the iShares Morningstar Mid-Cap Value ETF ( JKI ), shows 2 directors and officers as recently filing Form 4's indicating purchases. The ETF holds a total of $3,819,328 worth of AAL, making it the #34 largest holding.
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American Airlines Group Inc (Symbol: AAL), which makes up 0.83% of the iShares Morningstar Mid-Cap Value ETF ( JKI ), has seen 2 directors and officers purchase shares in the past six months, according to the recent Form 4 data. The table below details the recent insider buying activity observed at AAL: AAL - last trade: $35.05 - Recent Insider Buys: And Apache Corp (Symbol: APA), the #44 largest holding among components of the iShares Morningstar Mid-Cap Value ETF ( JKI ), shows 2 directors and officers as recently filing Form 4's indicating purchases. The ETF holds a total of $3,819,328 worth of AAL, making it the #34 largest holding.
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The table below details the recent insider buying activity observed at AAL: AAL - last trade: $35.05 - Recent Insider Buys: And Apache Corp (Symbol: APA), the #44 largest holding among components of the iShares Morningstar Mid-Cap Value ETF ( JKI ), shows 2 directors and officers as recently filing Form 4's indicating purchases. American Airlines Group Inc (Symbol: AAL), which makes up 0.83% of the iShares Morningstar Mid-Cap Value ETF ( JKI ), has seen 2 directors and officers purchase shares in the past six months, according to the recent Form 4 data. The ETF holds a total of $3,819,328 worth of AAL, making it the #34 largest holding.
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American Airlines Group Inc (Symbol: AAL), which makes up 0.83% of the iShares Morningstar Mid-Cap Value ETF ( JKI ), has seen 2 directors and officers purchase shares in the past six months, according to the recent Form 4 data. The ETF holds a total of $3,819,328 worth of AAL, making it the #34 largest holding. The table below details the recent insider buying activity observed at AAL: AAL - last trade: $35.05 - Recent Insider Buys: And Apache Corp (Symbol: APA), the #44 largest holding among components of the iShares Morningstar Mid-Cap Value ETF ( JKI ), shows 2 directors and officers as recently filing Form 4's indicating purchases.
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d8fbd978-fa26-4039-a21a-e7b97ec51ceb
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6645.0
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2019-02-19 00:00:00 UTC
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S.Africa's Kumba Iron Ore 2018 headline earnings edge lower
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AAL
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https://www.nasdaq.com/articles/safricas-kumba-iron-ore-2018-headline-earnings-edge-lower-2019-02-19
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nan
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nan
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JOHANNESBURG, Feb 19 (Reuters) - South Africa'sKumba Iron Ore Ltd on Tuesday reported slightly lower full-year headline earnings for 2018, due to a dip in revenue and lower sales volumes.
The company, a unit of Anglo American, said headline earnings came in at 30.28 rand($2.14) per share in the year ended Dec. 31, 2018, compared to 30.47 rand a year ago.
Headline EPS is the primary profit measure in South Africa, and strips out certain one-off items.
The firm had reached a number of milestones in 2018, and achieved cost savings of 1 billion rand ($70.72 million) verses a target of 800 million rand, Kumba Chief Executive Officer Themba Mkhwanazi said in a statement.
"Alongside the solid performance achieved, Kumba has significant value to unlock," he said.
"While challenges are part of the uncertain environment that we operate in... we have the right strategy and teams in place to create sustainable shareholder value."
One such challenge facing the firm over 2018 was problems at state-run rail, port and pipeline firm Transnet, allegedly linked to state corruption and struggling financially.
Alongside seven train derailments, Kumba said it was affected by the closure of an iron ore export line after a truck collided with a bridge, prompting a 3.3 percent decline in the volumes of ore Kumba railed to port and a 4 percent decline in export sales volumes. The line has since reopened.
Kumba said it had improved engagement with Transnet, and continued to work with the company to increase efficiency and achieve maximum rail capacity.
The firm had already announced total production volumes would be four percent lower than 2017, at 43.1 million tonnes.
($1 = 14.1393 rand)
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
"While challenges are part of the uncertain environment that we operate in... we have the right strategy and teams in place to create sustainable shareholder value." Alongside seven train derailments, Kumba said it was affected by the closure of an iron ore export line after a truck collided with a bridge, prompting a 3.3 percent decline in the volumes of ore Kumba railed to port and a 4 percent decline in export sales volumes. Kumba said it had improved engagement with Transnet, and continued to work with the company to increase efficiency and achieve maximum rail capacity.
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JOHANNESBURG, Feb 19 (Reuters) - South Africa'sKumba Iron Ore Ltd on Tuesday reported slightly lower full-year headline earnings for 2018, due to a dip in revenue and lower sales volumes. The firm had reached a number of milestones in 2018, and achieved cost savings of 1 billion rand ($70.72 million) verses a target of 800 million rand, Kumba Chief Executive Officer Themba Mkhwanazi said in a statement. Alongside seven train derailments, Kumba said it was affected by the closure of an iron ore export line after a truck collided with a bridge, prompting a 3.3 percent decline in the volumes of ore Kumba railed to port and a 4 percent decline in export sales volumes.
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JOHANNESBURG, Feb 19 (Reuters) - South Africa'sKumba Iron Ore Ltd on Tuesday reported slightly lower full-year headline earnings for 2018, due to a dip in revenue and lower sales volumes. The firm had reached a number of milestones in 2018, and achieved cost savings of 1 billion rand ($70.72 million) verses a target of 800 million rand, Kumba Chief Executive Officer Themba Mkhwanazi said in a statement. Alongside seven train derailments, Kumba said it was affected by the closure of an iron ore export line after a truck collided with a bridge, prompting a 3.3 percent decline in the volumes of ore Kumba railed to port and a 4 percent decline in export sales volumes.
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The company, a unit of Anglo American, said headline earnings came in at 30.28 rand($2.14) per share in the year ended Dec. 31, 2018, compared to 30.47 rand a year ago. Headline EPS is the primary profit measure in South Africa, and strips out certain one-off items. The firm had already announced total production volumes would be four percent lower than 2017, at 43.1 million tonnes.
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0076b519-6302-4c1d-bb1d-61149531c8c4
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6646.0
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2019-02-18 00:00:00 UTC
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EXPLAINER-How South African mines cope with power cuts
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AAL
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https://www.nasdaq.com/articles/explainer-how-south-african-mines-cope-power-cuts-2019-02-18
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nan
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nan
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By Tanisha Heiberg and Zandi Shabalala
JOHANNESBURG/LONDON, Feb 18 () - South African utility Eskom imposed the worst power cuts in several years on homes and businesses last week, conjuring up memories of the 2008 crisis when the grid nearly collapsed and cost the mining industry billions in lost output.
Although Eskom - which supplies around 90 percent of power in Africa's most industrialised economy - paused the blackouts on Friday for the first time in five days, it warned that its creaking infrastructure could buckle at any time.
It is not clear how much the industry, which consumes about 15 percent of Eskom's annual output, lost in production but the crisis sent prices of both gold and platinum to record levels and pummelled the rand.
But mining companies now appear to be better prepared to cope with the scheduled blackouts thanks largely to an agreement struck in 2010 between Eskom and the industry that allows it to continue operating on reduced power.
"The South African mines are probably a little bit better prepared for electricity cuts than they were 10 years ago," said Peter Major, an analyst and director of mining at Mergence Corporate Solutions.
Anglo American Platinum Ltd (Amplats), the world's top producer of the metal, said it lost 14,000 ounces or less than 1 percent of annual output - based on 2018 production - last week.
Diversified miners Exxaro and Anglo American said their operations were affected to varying degrees while AngloGold Ashanti said safety and production were untouched.
An industry group, the Mineral Council, did not give specific details about the impact of last week's power cuts on production but said the effect on output for the sector had been minimal.
Miners including Impala Platinum, Harmony and Sibanye-Stillwater have also been working on reducing their reliance on Eskom by setting up their own power generators. However, it has been difficult to get that off the ground because of red tape and prohibitive costs, they say.
WHAT IS AT STAKE?
South Africa is home to the world's biggest platinum group metals deposits, accounting for just over 90 percent of global production. Any disruption in output could directly affect prices of the white metal.
The mining industry directly contributes more than 7 percent to the economy which has been struggling with anaemic growth over the last 10 years.
Miners, among the biggest consumers of electricity in the country, are already grappling with weak profits that could be exacerbated by the potential loss of output if Eskom imposes deeper power cuts.
"With all these power cuts through Eskom there will be consequences ... People will lose their work for less time put in for work and we are very, very concerned about this," said Stanford Mazhindu, spokesperson of trade union UASA.
WHAT ARE MINERS DOING TO COPE?
The 2010 agreement between Eskom and the mining industry has partly shielded miners from the massive disruption caused by the 2008 power cuts, when the sector was forced to shut for five days to allow the grid to recover.
Under the scheme, Eskom gives the industry notice to reduce their power consumption by between 15 and 20 percent when the national grid is at its tightest and unable to meet demand.
"If it's a 15 or 20 percent reduction in demand and it goes on for an extended period, it can have quite a big impact," said Sibanye spokesman James Wellsted.
For instance, concentrators are switched off and water pumps that would prevent underground dams from flooding are only turned on during low usage hours at night, he said.
Impala Platinum reduces its usage of power-intensive equipment, including furnaces, during national peak usage times when residential consumers are just waking up or have just returned from work, spokesman Johan Theron said.
ARE THESE MEASURES ENOUGH?
Despite these measures, business leaders and the Mineral Council are still concerned about the risks Eskom poses to the industry.
Impala's Theron said shifting energy-intensive work to an off-peak demand period in the middle of the night to catch up on lost production "is not ideal or sustainable, as it will impact the business over time in that wear on furnaces are accelerated under these operating conditions".
While the industry was coping, extended rolling blackouts would have affected the commercial viability of mines, particularly deep-level mining and platinum mines, Mineral Council spokeswoman Charmane Russell said.
WHY CAN'T MINERS GENERATE THEIR OWN POWER?
Attempts by miners to produce their own power are expensive, as Eskom requires them to connect to the grid for a fee.
The variety of legal codes found at the energy regulator and energy ministry are additional hurdles to independent power generation, they say.
The volume of electricity consumed by the industry is also too much to rely solely on self-generation.
"We need to fix Eskom, to think that underground gold mining can survive without Eskom is going to be difficult," said Peter Steenkamp, the chief executive of gold miner Harmony.
However, a few companies have succeeded in cutting dependency on the grid. Petrochemicals firm Sasol produces 70 percent of its electricity needs to power its sprawling plants.
Power generation, from steam turbines commissioned in 2010 and contracted with Eskom via a medium-term power purchase programme, helped to alleviate Eskom's shortages at the time, Sasol said.
But companies such as Sibanye are struggling to do the same.
The precious metals producer has pushed back plans, unveiled in 2014, to build a solar plant because of difficulty in getting finance for the project and bureaucracy related to connecting to the national power grid.
Harmony Gold has also been trying to build a 30 megawatt solar plant.
Amplats said it was also considering building a 100 megawatt solar power plant at the group's Mogalakwena mine.
The views and 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 Tanisha Heiberg and Zandi Shabalala JOHANNESBURG/LONDON, Feb 18 () - South African utility Eskom imposed the worst power cuts in several years on homes and businesses last week, conjuring up memories of the 2008 crisis when the grid nearly collapsed and cost the mining industry billions in lost output. Impala's Theron said shifting energy-intensive work to an off-peak demand period in the middle of the night to catch up on lost production "is not ideal or sustainable, as it will impact the business over time in that wear on furnaces are accelerated under these operating conditions". The precious metals producer has pushed back plans, unveiled in 2014, to build a solar plant because of difficulty in getting finance for the project and bureaucracy related to connecting to the national power grid.
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By Tanisha Heiberg and Zandi Shabalala JOHANNESBURG/LONDON, Feb 18 () - South African utility Eskom imposed the worst power cuts in several years on homes and businesses last week, conjuring up memories of the 2008 crisis when the grid nearly collapsed and cost the mining industry billions in lost output. It is not clear how much the industry, which consumes about 15 percent of Eskom's annual output, lost in production but the crisis sent prices of both gold and platinum to record levels and pummelled the rand. South Africa is home to the world's biggest platinum group metals deposits, accounting for just over 90 percent of global production.
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By Tanisha Heiberg and Zandi Shabalala JOHANNESBURG/LONDON, Feb 18 () - South African utility Eskom imposed the worst power cuts in several years on homes and businesses last week, conjuring up memories of the 2008 crisis when the grid nearly collapsed and cost the mining industry billions in lost output. The 2010 agreement between Eskom and the mining industry has partly shielded miners from the massive disruption caused by the 2008 power cuts, when the sector was forced to shut for five days to allow the grid to recover. Power generation, from steam turbines commissioned in 2010 and contracted with Eskom via a medium-term power purchase programme, helped to alleviate Eskom's shortages at the time, Sasol said.
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But mining companies now appear to be better prepared to cope with the scheduled blackouts thanks largely to an agreement struck in 2010 between Eskom and the industry that allows it to continue operating on reduced power. Anglo American Platinum Ltd (Amplats), the world's top producer of the metal, said it lost 14,000 ounces or less than 1 percent of annual output - based on 2018 production - last week. Miners including Impala Platinum, Harmony and Sibanye-Stillwater have also been working on reducing their reliance on Eskom by setting up their own power generators.
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e6dc46ac-3c95-4e91-a8f5-f423e0d4ebf3
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6647.0
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2019-02-18 00:00:00 UTC
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Petra Diamonds appoints new CEO, share price rises
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AAL
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https://www.nasdaq.com/articles/petra-diamonds-appoints-new-ceo-share-price-rises-2019-02-18
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nan
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nan
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By Samantha Machado and Barbara Lewis
Feb 18 () - African miner Petra Diamonds named a new chief executive on Monday as it works to cut debt and generate free cash flow after first-half core earnings were hit by lower diamond prices.
The news helped lift its shares more than 8 percent by 1010 GMT. The broader mining market was little changed.
Petra's stock had fallen about 30 percent this year as the company sought to cut borrowing after heavy capital investment in infrastructure and opening up a new section of ore at its flagship Cullinan mine in South Africa. Diamond prices meanwhile have dropped below historical annual averages.
The company said on Monday adjusted earnings before interest, tax, depreciation and amortisation (EBITDA) fell 6.4 percent to $75.6 million in the six months to Dec. 31, from $80.8 million in the same period a year earlier.
The company stuck to its production forecast of 3.8 million to 4.0 million carats for fiscal 2019.
"The focus to generate free cash flow remains paramount for the company," said outgoing CEO Johan Dippenaar, whose departure was announced in September.
Duffy takes over on April 1.
Dippenaar said the company had delivered "solid production" but recognised the impact lower value diamonds had in the six months to the end of December and said the company was working to boost production from a new section of ore.
The aim was to lower the net debt to EBITDA ratio to 2 by the middle of 2020 from 3.3, he said.
A low ratio is seen as an indicator of financial health in the capital-intensive mining industry.
Petra Diamond's chief financial officer and chief operating officer are expected to stay in place. But Dippenaar said the company was "committed to further changes in the board during this calendar year".
RBC Capital Markets, which rates the stock "sector perform," welcomed the appointment of Duffy and noted "positive pricing improvements" as provisional results from a February diamond sale showed a 1 percent rise on the previous six months.
Analyst Tyler Broda said Duffy was "a very solid hire" with experience including in finance roles. Broda said Duffy's experience "should be an asset as PDL (Petra) delivers on its investments and begins to de-lever the balance sheet".
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Petra's stock had fallen about 30 percent this year as the company sought to cut borrowing after heavy capital investment in infrastructure and opening up a new section of ore at its flagship Cullinan mine in South Africa. "The focus to generate free cash flow remains paramount for the company," said outgoing CEO Johan Dippenaar, whose departure was announced in September. RBC Capital Markets, which rates the stock "sector perform," welcomed the appointment of Duffy and noted "positive pricing improvements" as provisional results from a February diamond sale showed a 1 percent rise on the previous six months.
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By Samantha Machado and Barbara Lewis Feb 18 () - African miner Petra Diamonds named a new chief executive on Monday as it works to cut debt and generate free cash flow after first-half core earnings were hit by lower diamond prices. "The focus to generate free cash flow remains paramount for the company," said outgoing CEO Johan Dippenaar, whose departure was announced in September. Petra Diamond's chief financial officer and chief operating officer are expected to stay in place.
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By Samantha Machado and Barbara Lewis Feb 18 () - African miner Petra Diamonds named a new chief executive on Monday as it works to cut debt and generate free cash flow after first-half core earnings were hit by lower diamond prices. Petra's stock had fallen about 30 percent this year as the company sought to cut borrowing after heavy capital investment in infrastructure and opening up a new section of ore at its flagship Cullinan mine in South Africa. Dippenaar said the company had delivered "solid production" but recognised the impact lower value diamonds had in the six months to the end of December and said the company was working to boost production from a new section of ore.
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By Samantha Machado and Barbara Lewis Feb 18 () - African miner Petra Diamonds named a new chief executive on Monday as it works to cut debt and generate free cash flow after first-half core earnings were hit by lower diamond prices. Dippenaar said the company had delivered "solid production" but recognised the impact lower value diamonds had in the six months to the end of December and said the company was working to boost production from a new section of ore. A low ratio is seen as an indicator of financial health in the capital-intensive mining industry.
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842874d0-9dc7-46a2-b250-0196e9fee8ba
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6648.0
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2019-02-18 00:00:00 UTC
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South Africa's Amplats profit nearly doubles on higher prices, improved operations
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AAL
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https://www.nasdaq.com/articles/south-africas-amplats-profit-nearly-doubles-higher-prices-improved-operations-2019-02-18
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nan
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nan
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JOHANNESBURG, Feb 18 () - South Africa'sAnglo American Platinum Ltd (Amplats) on Monday reported a 95 percent surge in full-year profit, boosted by higher metals prices and an improved operational performance.
Headline earnings per share (HEPS) - the main profit measure in South Africa that strips out certain one-off items- rose to 28.93 rand($2.06) for the year ended Dec. 31, 2018, compared with 14.82 rand a year before.
Shares in Amplats rose more than 2 percent in early trade and were up 1.9 percent at 704.00 rand by 0722 GMT.
Amplats said it had lost 14,000 ounces of platinum production last week when struggling state power firm Eskom implemented five straight days of power cuts.
"We lost about 14,000 platinum ounces so PGM's (total lost output) is probably a bit more than double that," Griffith said on a conference call, adding it should be able to make up the loss within the year.
The group also said it would increase its dividend payout ratio policy to 40 percent from 30 percent of headline earnings, reaffirming its confidence in the future of the business and commitment to disciplined and balanced capital allocation.
Amplats said it would pay a second-half dividend of 7.51 rand per share, bringing the total dividend for the year to 11.25 rand compared with 3.49 a year ago.
Griffith said he was considering building a 100 megawatt solar power plant at the group's Mogalakwena site as part of a strategy to supply some of its own power.
($1 = 14.0483 rand)
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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JOHANNESBURG, Feb 18 () - South Africa'sAnglo American Platinum Ltd (Amplats) on Monday reported a 95 percent surge in full-year profit, boosted by higher metals prices and an improved operational performance. Headline earnings per share (HEPS) - the main profit measure in South Africa that strips out certain one-off items- rose to 28.93 rand($2.06) for the year ended Dec. 31, 2018, compared with 14.82 rand a year before. The group also said it would increase its dividend payout ratio policy to 40 percent from 30 percent of headline earnings, reaffirming its confidence in the future of the business and commitment to disciplined and balanced capital allocation.
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Headline earnings per share (HEPS) - the main profit measure in South Africa that strips out certain one-off items- rose to 28.93 rand($2.06) for the year ended Dec. 31, 2018, compared with 14.82 rand a year before. "We lost about 14,000 platinum ounces so PGM's (total lost output) is probably a bit more than double that," Griffith said on a conference call, adding it should be able to make up the loss within the year. Amplats said it would pay a second-half dividend of 7.51 rand per share, bringing the total dividend for the year to 11.25 rand compared with 3.49 a year ago.
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Headline earnings per share (HEPS) - the main profit measure in South Africa that strips out certain one-off items- rose to 28.93 rand($2.06) for the year ended Dec. 31, 2018, compared with 14.82 rand a year before. Amplats said it had lost 14,000 ounces of platinum production last week when struggling state power firm Eskom implemented five straight days of power cuts. Amplats said it would pay a second-half dividend of 7.51 rand per share, bringing the total dividend for the year to 11.25 rand compared with 3.49 a year ago.
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JOHANNESBURG, Feb 18 () - South Africa'sAnglo American Platinum Ltd (Amplats) on Monday reported a 95 percent surge in full-year profit, boosted by higher metals prices and an improved operational performance. Shares in Amplats rose more than 2 percent in early trade and were up 1.9 percent at 704.00 rand by 0722 GMT. Amplats said it had lost 14,000 ounces of platinum production last week when struggling state power firm Eskom implemented five straight days of power cuts.
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26ab12e7-26cc-4f7b-a006-4e6770bac545
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6649.0
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2019-02-17 00:00:00 UTC
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5 Hot Airline Stocks Ready for Takeoff
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AAL
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https://www.nasdaq.com/articles/5-hot-airline-stocks-ready-takeoff-2019-02-17
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nan
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nan
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The airline industry would probably rather forget 2018. Most airline companies ended the year in the red as investors worried about high oil prices cutting into profits.
The same can't be said for 2019. Oil prices are now down to just over $55 from their peak above $75 back in October 2018. And airline stocks have started the year on a strong note with a solid round o f earnings .
As a result, shares are now beginning to gain momentum again. That's despite the partial government shutdown, which Delta Air Lines ( DAL ) CEO Ed Bastian estimated cost the company $25 million in revenue for January .
"The industry continues to benefit from strong demand as Airline stocks across the board have reported better-than-expected results in their most recent quarter," top Tigress Financial analyst Ivan Feinseth writes. He says a strong economy, low unemployment and increases in consumer spending are driving record levels of airline travel. Not to mention these companies are sharpening their operations to squeeze out maximum gains when the going gets good.
Which stocks should you be watching? Here, we use TipRanks market data to pinpoint analysts' favorite airline stocks now:
SEE ALSO: 17 Stocks That Warren Buffett Just Bought, Trimmed or Dumped
Market value: $2.9 billion
TipRanks consensus price target: $66.50 (19% upside potential)
TipRanks consensus rating: Moderate Buy
SkyWest ( SKYW , $55.68) is the holding company for large regional aircraft operator SkyWest Airlines. It boasts a fleet of nearly 500 aircraft connecting millions of passengers each month to more than 250 destinations throughout the U.S.
The airline operates under various names: Alaska SkyWest for Alaska Air Group's ( ALK ) Alaska Airlines, American Eagle for American Airlines ( AAL ), Delta Connection for Delta and United Express for United Continental's ( UAL ) United Airlines.
After losing 15% in 2018, shares have rebounded 25% year-to-date and have a host of tailwinds.
Notably, SkyWest has announced several significant fleet changes that will occur over the next few years. The company will purchase nine new Embraer E175s (five in 2019 and four in 2020) and will operate them for Delta. The E175s will replace CRJ900s that will be removed from service.
Five-star Cowen & Co. analyst Helane Becker - who holds a top-25 ranking among the 5,000 analysts tracked by TipRanks - approves of SKYW's fleet transition strategy. "The outlook for SkyWest remains favorable as the company continues to shed under-performing assets and focuses on its larger regional jets," writes Becker, who recently boosted her price target on the stock from $61 to $64 - 15% upside from current prices.
As a result of selling its ExpressJet division, the company will see some revenue contraction, but the quality of revenue and earnings will continue to improve, writes Becker, who rates SKYW at "Outperform" (equivalent of "Buy"). Plus, "The changes announced by the company mean that 80% of their fleet is committed through 2020." For more information on SkyWest's shares, get a free SKYW Research Report from TipRanks .
SEE ALSO: 57 Dividend Stocks You Can Count On in 2019
Market value: $8.2 billion
TipRanks consensus price target: $80.60 (22% upside potential)
TipRanks consensus rating: Strong Buy
Washington-based Alaska Air Group ( ALK , $66.32) is the fifth-largest airline in the U.S. Shares have recovered 9% year-to-date after losing 31% across 2017 and 2018.
Is the turnaround set to last?
Analyst Michael Derchin of Imperial Capital is confident that ALK has a long growth trajectory ahead. He called the stock one of his top ideas, "considering strong unit revenue growth likely through FY20, resulting in margins among the top-tier in the industry."
Derchin estimates unit revenue growth of 3.5% in fiscal 2019 and 1.5% in FY20, versus roughly 1.5% and 1% for the industry, respectively, resulting in margins reaching the upper tier of the industry by 2020. That informs his bullish price target of $90 (for 36% upside potential).
Macquarie's Susan Donofrio also struck a confident note on ALK with a rating upgrade (from "Hold" to "Buy") and a $76 price target (15% upside). She has "more confidence in our revenue forecast for Alaska as revenue momentum is kicking in nicely in the Company's established markets (longer than a year), with revenue drag contained within its newly launched service that represents only 3% of its markets."
Bottom line: Donofrio expects 2019 will be a better year for Alaska thanks to lower crude oil prices and an upbeat revenue outlook. For further stock insights, turn to TipRanks' ALK Research Report .
SEE ALSO: 2019's Most Surprisingly Hot Stocks
Market value: $4.2 billion
TipRanks consensus price target: $76.17 (24% upside potential)
TipRanks consensus rating: Strong Buy
Ultra-low-cost airline Spirit Airlines ( SAVE , $61.67) has seen shares surge by 55% over the last year, and Raymond James analyst Savanthi Syth thinks SAVE can reach higher altitudes.
"We continue to believe impressive cost discipline, ancillary revenue initiatives, and tactical network adjustments will continue to suppor t earnings recovery at Spirit," writes Syth, who has a "Strong Buy" rating on SAVE with an $80 price target (30% upside).
Derchin recently hiked his price target on SAVE from $90 to $92 (50% upside) after the company raised its first-quarter total revenue per available seat mile (TRASM, an important airline operating metric) forecast to 5% year-over-year growth. That feat would be particularly impressive given the initial drag of new international markets, as well as Easter shifting from Q1 in 2018 to Q2 in 2019.
Overall, Derchin gives six key reasons in support of SAVE stock: 1.) annual capacity growth of 15% to 16% through FY20; 2.) expected increase in non-ticket revenue per passenger to $56 to $57 in FY19; 3.) new growth initiatives including a new website and frequent flier program; 4.) improved IT capabilities; 5.) stronger cost controls; 6.) and increased operational efficiency and reliability.
It's little surprise, then, that Spirit boasts a consensus "Strong Buy" rating from Wall Street right now. Find out what other analysts think of this airline stock in TipRanks' SAVE Research Report .
SEE ALSO: The 25 Best S&P 500 Stocks of the Past 50 Years
Market value: $31.9 billion
TipRanks consensus price target: $63.20 (28% upside potential)
TipRanks consensus rating: Strong Buy
The world's largest low-cost carrier is looking like an attractive investing opportunity right now. Unlike Spirit Airlines, Southwest Airlines ( LUV , $57.50) focuses on offering all-inclusive fares, which means passengers don't have to shell out for extras like luggage and entertainment.
"We reiterate our Buy rating on LUV as its unique value proposition along with strong industry trends continue to drive accelerating Business Performance," cheers Tigress' Feinseth. The analyst has a 100% success rate on LUV alongside a 7.2% profit per rating.
Feinseth is looking for another record year in 2019 driven by Southwest's upcoming Hawaiian route additions, then more growth initiatives coming online in 2020. Meanwhile LUV's ability to manage costs and improve operating efficiency gives it a competitive cost advantage.
"LUV's forty-five-year history of profitability together with its strong balance sheet, disciplined capital deployment, and commitment will continue to drive higher Returns on Capital," the analyst writes.
Feinseth doesn't offer a price target but says, "We believe further upside exists from current levels and continue to recommend purchase." Find out more from TipRanks in its LUV Research Report .
SEE ALSO: 11 Great Stocks to Buy and Hold for the Next Decade
Market value: $16.7 billion
TipRanks consensus price target: $46.89 (28% upside potential)
TipRanks consensus rating: Strong Buy
Major carrier American Airlines ( AAL , $35.05) suffered an abysmal 2018, with shares plunging 38% across the year. But with prices so low, has this airline stock - a current favorite of Oakmark Fund ( OAKMX ) manager Bill Nygren - become an attractive opportunity?
The company made a strong argument in its own favor with its Q4 earnings report. Adjusted earnings of $1.04 per share beat the analyst consensus expectation for $1.01. Guidance for 2019 profits, at $5.50 to $7.50 per share, also came in higher than the Street anticipated. That has prompted a 9% bump in shares so far this year.
Following the earnings report, Cowen & Co.'s Becker reiterated her "Outperform" rating on AAL and her $43 price target, which translates into another 23% in potential gains ahead.
She believes that "2019 is setting up to be a good year." Becker says that the company's upbeat revenue guidance puts American ahead of rival giants Delta and United for the year ahead, and indicates a key reversal from the company's 2018 underperformance.
Also noteworthy: Imperial Capital's Derchin ramped up his price target on AAL from $42 to $46 (31% upside) following the report. Like Becker, Derchin cited American's strong earnings outlook. He sees upside potential for earnings and unit revenues, and thinks AAL's valuation suggests that expectations are low (and thus easily achievable).
Check out other analyst targets for American in TipRanks' AAL Research Report .
Harriet Lefton is head of content at TipRanks, a comprehensive investing tool that tracks more than 5,000 Wall Street analysts as well as hedge funds and insiders. You can find more of their stock insights here .
SEE ALSO: 19 Best Stocks to Buy for 2019 (And 5 to Sell)
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The airline operates under various names: Alaska SkyWest for Alaska Air Group's ( ALK ) Alaska Airlines, American Eagle for American Airlines ( AAL ), Delta Connection for Delta and United Express for United Continental's ( UAL ) United Airlines. SEE ALSO: 11 Great Stocks to Buy and Hold for the Next Decade Market value: $16.7 billion TipRanks consensus price target: $46.89 (28% upside potential) TipRanks consensus rating: Strong Buy Major carrier American Airlines ( AAL , $35.05) suffered an abysmal 2018, with shares plunging 38% across the year. Following the earnings report, Cowen & Co.'s Becker reiterated her "Outperform" rating on AAL and her $43 price target, which translates into another 23% in potential gains ahead.
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SEE ALSO: 11 Great Stocks to Buy and Hold for the Next Decade Market value: $16.7 billion TipRanks consensus price target: $46.89 (28% upside potential) TipRanks consensus rating: Strong Buy Major carrier American Airlines ( AAL , $35.05) suffered an abysmal 2018, with shares plunging 38% across the year. The airline operates under various names: Alaska SkyWest for Alaska Air Group's ( ALK ) Alaska Airlines, American Eagle for American Airlines ( AAL ), Delta Connection for Delta and United Express for United Continental's ( UAL ) United Airlines. Following the earnings report, Cowen & Co.'s Becker reiterated her "Outperform" rating on AAL and her $43 price target, which translates into another 23% in potential gains ahead.
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SEE ALSO: 11 Great Stocks to Buy and Hold for the Next Decade Market value: $16.7 billion TipRanks consensus price target: $46.89 (28% upside potential) TipRanks consensus rating: Strong Buy Major carrier American Airlines ( AAL , $35.05) suffered an abysmal 2018, with shares plunging 38% across the year. The airline operates under various names: Alaska SkyWest for Alaska Air Group's ( ALK ) Alaska Airlines, American Eagle for American Airlines ( AAL ), Delta Connection for Delta and United Express for United Continental's ( UAL ) United Airlines. Following the earnings report, Cowen & Co.'s Becker reiterated her "Outperform" rating on AAL and her $43 price target, which translates into another 23% in potential gains ahead.
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The airline operates under various names: Alaska SkyWest for Alaska Air Group's ( ALK ) Alaska Airlines, American Eagle for American Airlines ( AAL ), Delta Connection for Delta and United Express for United Continental's ( UAL ) United Airlines. SEE ALSO: 11 Great Stocks to Buy and Hold for the Next Decade Market value: $16.7 billion TipRanks consensus price target: $46.89 (28% upside potential) TipRanks consensus rating: Strong Buy Major carrier American Airlines ( AAL , $35.05) suffered an abysmal 2018, with shares plunging 38% across the year. Following the earnings report, Cowen & Co.'s Becker reiterated her "Outperform" rating on AAL and her $43 price target, which translates into another 23% in potential gains ahead.
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989c0e6a-dec4-4c9e-bd39-d6362cf77142
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6650.0
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2019-02-16 00:00:00 UTC
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Warren Buffett Just Sold These Stocks
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AAL
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https://www.nasdaq.com/articles/warren-buffett-just-sold-these-stocks-2019-02-16
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nan
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nan
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Warren Buffett just tipped his hand. Berkshire Hathaway (NYSE: BRK-A) (NYSE: BRK-B) reveals what stocks it's recently sold in a filing with the Securities and Exchange Commission every quarter, and that filing was released on Thursday. The list includes an airline stock, an energy stock, and a surprising change of heart on a top technology stock. Here's what you should know about the stocks Buffett was selling in the fourth quarter.
Airlines got a haircut
Investing in airlines has lost Buffett a lot of money in the past. In fact, he's called airlines terrible investments. Yet, Buffett still added a slate of the country's biggest airlines to Berkshire Hathaway's portfolio in 2017, and over the past few quarters, he's been fine-tuning his exposure to the industry.
In the third quarter, he added shares of Delta Air (NYSE: DAL) , but sold 1 million shares of American Airlines (NASDAQ: AAL) , 700,000 shares of United Continental (NASDAQ: UAL) , and 500,000 shares of Southwest (NYSE: LUV) .
The trimming continued in Q4. Buffett sold 15% of his stake in United Continental last quarter, bringing Berkshire's position to 21.9 million shares; and he sold 1.2 million shares in Southwest, reducing his stake to 54.8 million shares. Berkshire's American Air and Delta Air positions were unchanged in the period, at 43.7 million shares and 65.5 million shares, respectively.
United Continental shares hit 52-week highs in December, so Buffett's selling may have simply been profit-taking. Q4 was tougher sledding for Southwest, but shares rallied about 10% in November, so profit-taking could've played a role there, too.
It's anyone's guess what Buffett will do with airline stocks next. But the ongoing tweaking of his positions suggests these might not be core long-term holdings, particularly since he didn't increase exposure to any airline stocks last quarter.
This energy stock's on its way out
Perhaps Phillips 66 (NYSE: PSX) was the least surprising stock Buffett sold last quarter.
Berkshire Hathaway's Phillips 66 position has been shrinking for a year, and in Q3, Buffett sold more than half of its remaining shares, leaving it with 15.4 million shares. In Q4, he sold another 3.5 million shares, reducing the stake to just 11.9 million exiting December.
Buffett's been selling at a good time. Shares were hitting 10-year highs in 2018 as refining capacity utilization was peaking thanks to a rally in crude oil prices that stalled in October.
Although crude prices tumbled in Q4, Phillips 66 was still able to deliver remarkable results last quarter. Its realized refining margin grew 84% to $16.53 per barrel as refining utilization remained essentially maxed out at 99%. I t report ed quarterly records for pre-tax income in both its midstream and marketing businesses during the quarter.
Nevertheless, that wasn't enough to convince investors to stick around. Phillips 66's share price tumbled 29% in the quarter. The drubbing doesn't seem to have enticed Buffett to begin buying again, so it could be that his attention has turned elsewhere. That thinking is backed up by his decision to start a brand-new 10.8 million-share position in Suncor Energy (NYSE: SU) in the fourth quarter even as he sold more Phillips 66 shares.
Is Apple on the outs?
A lot of industry pundits were banking on Buffett being a big buyer of Apple (NASDAQ: AAPL) in the fourth quarter. Worries over slowing sales in China and pent-up demand from consumers holding onto their devices longer were what prompted Buffett to initially buy Apple in 2016, so when similar worries emerged last quarter, some thought he'd use the nearly big drop in Apple's shares as another opportunity to buy.
Nope.
Instead, Berkshire Hathaway's stake fell by 2.8 million shares, or roughly 1%. Should you be worried he's souring on Apple? Probably not. At 250 million shares worth $40 billion, Apple remains Berkshire Hathaway's single largest holding. More importantly, it wasn't Buffett who sold the shares last quarter anyway. One of Berkshire Hathaway's other managers sold some shares under their control to buy shares in another stock, according to an email to Reuters.
The most surprising sell of all
Buffett is legendary for his long-term focus, but that won't stop him from admitting mistakes and selling shares if his thesis is no longer intact.
Nevertheless, it is surprising to see Buffett acquire a massive stake in a company, only to turn around and sell it the next quarter. Yet, that's precisely what happened with software Goliath Oracle (NYSE: ORCL) .
Buffett acquired 41.4 million shares of Oracle in the third quarter, and then he sold that entire position in the fourth quarter. That meant that in three months he went from owning nothing, to becoming Oracle's fourth-largest investor, to owning nothing again. That's very uncharacteristic of Buffett.
Once upon a time, Oracle was a top technology stock because it dominated the market for solutions that help enterprises run and manage their business using on-premise technology. It's lost its luster over the past few years, however, as more companies have shifted to cloud-based services, and as a result, its growth has slowed.
Oracle's responded by creating its own suite of cloud solutions, but it's been playing catch-up and it still trails others in that space. Nevertheless, the company's still a cash flow machine and that's allowed it to return big money to investors via buybacks. It went into the fourth quarter with plans to spend $12 billion on repurchases and that was after it had already bought back $10 billion in the second quarter alone.
Buffett hasn't said publicly why he changed his mind, and there's always the possibility that he's thinking of repurchasing Oracle shares given that they were trading in January at the same lows he ostensibly paid to buy Oracle last summer.
10 stocks we like better than Apple
When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor , has quadrupled the market.*
David and Tom just revealed what they believe are the 10 best stocks for investors to buy right now... and Apple wasn't one of them! That's right -- they think these 10 stocks are even better buys.
See the 10 stocks
*Stock Advisor returns as of January 31, 2019
Todd Campbell owns shares of Apple. His clients may have positions in the companies mentioned. The Motley Fool owns shares of and recommends Apple, Berkshire Hathaway (B shares), and Southwest Airlines. The Motley Fool owns shares of Delta Air Lines and Oracle and has the following options: long January 2020 $150 calls on Apple, short January 2020 $155 calls on Apple, and long January 2020 $30 calls on Oracle. The Motley Fool has a disclosure policy .
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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In the third quarter, he added shares of Delta Air (NYSE: DAL) , but sold 1 million shares of American Airlines (NASDAQ: AAL) , 700,000 shares of United Continental (NASDAQ: UAL) , and 500,000 shares of Southwest (NYSE: LUV) . Yet, Buffett still added a slate of the country's biggest airlines to Berkshire Hathaway's portfolio in 2017, and over the past few quarters, he's been fine-tuning his exposure to the industry. But the ongoing tweaking of his positions suggests these might not be core long-term holdings, particularly since he didn't increase exposure to any airline stocks last quarter.
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In the third quarter, he added shares of Delta Air (NYSE: DAL) , but sold 1 million shares of American Airlines (NASDAQ: AAL) , 700,000 shares of United Continental (NASDAQ: UAL) , and 500,000 shares of Southwest (NYSE: LUV) . Buffett sold 15% of his stake in United Continental last quarter, bringing Berkshire's position to 21.9 million shares; and he sold 1.2 million shares in Southwest, reducing his stake to 54.8 million shares. The Motley Fool owns shares of Delta Air Lines and Oracle and has the following options: long January 2020 $150 calls on Apple, short January 2020 $155 calls on Apple, and long January 2020 $30 calls on Oracle.
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In the third quarter, he added shares of Delta Air (NYSE: DAL) , but sold 1 million shares of American Airlines (NASDAQ: AAL) , 700,000 shares of United Continental (NASDAQ: UAL) , and 500,000 shares of Southwest (NYSE: LUV) . Buffett sold 15% of his stake in United Continental last quarter, bringing Berkshire's position to 21.9 million shares; and he sold 1.2 million shares in Southwest, reducing his stake to 54.8 million shares. Buffett acquired 41.4 million shares of Oracle in the third quarter, and then he sold that entire position in the fourth quarter.
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In the third quarter, he added shares of Delta Air (NYSE: DAL) , but sold 1 million shares of American Airlines (NASDAQ: AAL) , 700,000 shares of United Continental (NASDAQ: UAL) , and 500,000 shares of Southwest (NYSE: LUV) . Buffett acquired 41.4 million shares of Oracle in the third quarter, and then he sold that entire position in the fourth quarter. * David and Tom just revealed what they believe are the 10 best stocks for investors to buy right now... and Apple wasn't one of them!
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512852ac-c89a-4e10-ba18-46d20a677154
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6651.0
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2019-02-14 00:00:00 UTC
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The Zacks Analyst Blog Highlights: American Airlines, JetBlue, Spirit, United Continental and Southwest
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AAL
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https://www.nasdaq.com/articles/the-zacks-analyst-blog-highlights%3A-american-airlines-jetblue-spirit-united-continental-and
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nan
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nan
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For Immediate Release
Chicago, IL -February 14, 2019 - Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: American Airlines Group Inc.AAL , JetBlue Airways Corp.JBLU , Spirit Airlines Inc.SAVE , United Continental Holdings Inc.UAL and Southwest Airlines Co.LUV .
Here are highlights from Wednesday's Analyst Blog:
Fly Higher in 2019 with These Terrific Airline Stocks
The airlines industry had a disappointing 2018 owing to stiff rise in crude oil prices which reached record levels in October. However, decline in oil prices and strong U.S. economy has helped the airline carriers to rebound in 2019. Year to date, the airline industry is up 10.5%, higher than the benchmark S&P 500's growth of 9.5%.
The International Air Transport Association ("IATA") provided a lower fuel cost projection for 2019. Moreover, a dovish monetary stance of the Fed will help the airline industry in a big way. At this stage, it will be prudent to invest in airline stocks with a favorable Zacks Rank.
Bullish IATA Forecast for 2019
In December 2018, the International Air Transport Association provided an encouraging outlook for the global airline industry for 2019. IATA predicts global net profit of $35.5 billion for the industry in 2019. This is much higher than the profitability forecast of $32.3 billion for 2018. This bright projection can be attributed to strong demand for air travel.
Global net profit margin is expected to improve marginally to 4% in 2019 from 3.9% estimated in 2018. The overall industry revenues are expected to reach $885 billion in 2019 compared with $821 billion anticipated in 2018.
Passenger numbers are expected to reach 4.59 billion compared with 4.34 billion in 2018. Moreover, 65.9 million cargo tonnes are likely to be carried in 2019 compared with 63.7 million in 2018. Average net profit per departing passenger is expected to go up $7.75 from $7.45 in 2018.
The IATA has forecasted that the average fuel cost in 2019 will be around $65 per barrel (Brent crude price) compared with average fuel cost of $73 per barrel in 2018. Average cost of jet fuel price is pegged at $81.3 per barrel in 2019 compared with $87.6 per barrel in 2018.
Moody's Maintains Stable 2019 Outlook
In December 2018, Moody's Investors Services maintains 2019 outlook for the global airline industry as stable. This stable outlook is driven by projections for around 8% operating margins for Moody's-rated airlines through 2019, with U.S. carriers remaining the most profitable. Moody's projects industry revenues to grow about 4%, offsetting higher labor and fuel costs. Steady global economic growth will support rising demand for air travel over the next 12 to 18 months.
US to Gain Most
The U.S. economy remains strong despite severe stock market volatility and geopolitical disturbances in 2018. The IATA has projected that the strongest financial result for airline industry in 2019 will come from North America, especially from the United States. Net profit is likely to grow up to $16.6 billion from $14.7 billion in 2018. Net margin is expected to reach 6% in 2019 compared with 5.7% in 2018.
Additionally, airlines industry is highly sensitive to interest rate risk. In January, the Fed refrained from raising rate after hiking it four times in 2018. Moreover, the central bank indicated that it will pursue a dovish monetary stance in 2019. Several airlines carry substantial debt and lease burdens. Consequently, a soft monetary policy will bode well with them.
Our Picks
A thriving and improving economy also supports the overall bullishness of the airline industry, as it implies that more passengers and cargos are being transported across the United States and internationally. Given this scenario, we suggest investors add these five airline stocks to their portfolios, each of which carries a Zacks Rank #2 (Buy). You can see the complete list of today's Zacks #1 (Strong Buy) Rank stocks here .
The chart below shows price performance of our five picks in the last three months.
American Airlines Group Inc. operates as a network air carrier. It provides scheduled air transportation services for passengers and cargo. The company has expected earnings growth of 30.6% for current year. The Zacks Consensus Estimate for the current year has improved by 10.6% over the last 60 days.
JetBlue Airways Corp. is a passenger carrier company providing air transportation services. The company has expected earnings growth of 34.2% for current year. The Zacks Consensus Estimate for the current year has improved by 23.1% over the last 60 days.
Spirit Airlines Inc. operates as low-fare airline services. The company has expected earnings growth of 51.4% for current year. The Zacks Consensus Estimate for the current year has improved by 21.8% over the last 60 days.
United Continental Holdings Inc. provides air transportation services in North America, the Asia-Pacific, Europe, the Middle East, Africa, and Latin America. The company has expected earnings growth of 25% for current year. The Zacks Consensus Estimate for the current year has improved by 12.4% over the last 60 days.
Southwest Airlines Co. operates a passenger airline that provides scheduled air transportation services in the United States and near-international markets. The company has expected earnings growth of 21.2% for current year. The Zacks Consensus Estimate for the current year has improved by 8.4% over the last 60 days.
3 Medical Stocks to Buy Now
The greatest discovery in this century of biology is now at the flashpoint between theory and realization. Billions of dollars in research have poured into it. Companies are already generating revenue, and cures for a variety of deadly diseases are in the pipeline.
So are big potential profits for early investors. Zacks has released an updated Special Report that explains this breakthrough and names the best 3 stocks to ride it.
See them today for free >>
Media Contact
Zacks Investment Research
800-767-3771 ext. 9339
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Past performance is no guarantee of future results. Inherent in any investment is the potential for loss . This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit http://www.zacks.com/performance for information about the performance numbers displayed in this press release.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
United Continental Holdings, Inc. (UAL): Free Stock Analysis Report
Spirit Airlines, Inc. (SAVE): Free Stock Analysis Report
Southwest Airlines Co. (LUV): Free Stock Analysis Report
JetBlue Airways Corporation (JBLU): Free Stock Analysis Report
American Airlines Group Inc. (AAL): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Stocks recently featured in the blog include: American Airlines Group Inc.AAL , JetBlue Airways Corp.JBLU , Spirit Airlines Inc.SAVE , United Continental Holdings Inc.UAL and Southwest Airlines Co.LUV . Click to get this free report United Continental Holdings, Inc. (UAL): Free Stock Analysis Report Spirit Airlines, Inc. (SAVE): Free Stock Analysis Report Southwest Airlines Co. (LUV): Free Stock Analysis Report JetBlue Airways Corporation (JBLU): Free Stock Analysis Report American Airlines Group Inc. (AAL): Free Stock Analysis Report To read this article on Zacks.com click here. Bullish IATA Forecast for 2019 In December 2018, the International Air Transport Association provided an encouraging outlook for the global airline industry for 2019.
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Stocks recently featured in the blog include: American Airlines Group Inc.AAL , JetBlue Airways Corp.JBLU , Spirit Airlines Inc.SAVE , United Continental Holdings Inc.UAL and Southwest Airlines Co.LUV . Click to get this free report United Continental Holdings, Inc. (UAL): Free Stock Analysis Report Spirit Airlines, Inc. (SAVE): Free Stock Analysis Report Southwest Airlines Co. (LUV): Free Stock Analysis Report JetBlue Airways Corporation (JBLU): Free Stock Analysis Report American Airlines Group Inc. (AAL): Free Stock Analysis Report To read this article on Zacks.com click here. Moody's Maintains Stable 2019 Outlook In December 2018, Moody's Investors Services maintains 2019 outlook for the global airline industry as stable.
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Stocks recently featured in the blog include: American Airlines Group Inc.AAL , JetBlue Airways Corp.JBLU , Spirit Airlines Inc.SAVE , United Continental Holdings Inc.UAL and Southwest Airlines Co.LUV . Click to get this free report United Continental Holdings, Inc. (UAL): Free Stock Analysis Report Spirit Airlines, Inc. (SAVE): Free Stock Analysis Report Southwest Airlines Co. (LUV): Free Stock Analysis Report JetBlue Airways Corporation (JBLU): Free Stock Analysis Report American Airlines Group Inc. (AAL): Free Stock Analysis Report To read this article on Zacks.com click here. Here are highlights from Wednesday's Analyst Blog: Fly Higher in 2019 with These Terrific Airline Stocks The airlines industry had a disappointing 2018 owing to stiff rise in crude oil prices which reached record levels in October.
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Stocks recently featured in the blog include: American Airlines Group Inc.AAL , JetBlue Airways Corp.JBLU , Spirit Airlines Inc.SAVE , United Continental Holdings Inc.UAL and Southwest Airlines Co.LUV . Click to get this free report United Continental Holdings, Inc. (UAL): Free Stock Analysis Report Spirit Airlines, Inc. (SAVE): Free Stock Analysis Report Southwest Airlines Co. (LUV): Free Stock Analysis Report JetBlue Airways Corporation (JBLU): Free Stock Analysis Report American Airlines Group Inc. (AAL): Free Stock Analysis Report To read this article on Zacks.com click here. Given this scenario, we suggest investors add these five airline stocks to their portfolios, each of which carries a Zacks Rank #2 (Buy).
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6652.0
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2019-02-14 00:00:00 UTC
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Alaska Air's (ALK) Traffic & Load Factor Increase in January
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AAL
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https://www.nasdaq.com/articles/alaska-airs-alk-traffic-load-factor-increase-in-january-2019-02-14
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Alaska Air GroupALK reported impressive traffic figures for January 2019. Load factor (percentage of seats filled with passengers) improved as traffic growth exceeded capacity expansion. Consolidated traffic, measured in revenue passenger miles (RPMs), also increased 2.5% year over year to 4 billion.
On a year-over-year basis, consolidated capacity (or available seat miles/ASMs) inched up 0.9% to 5.28 billion. As a result, consolidated load factor increased130 basis points year over year to 77.1%
Notably, the impressive traffic report comes close on the heels of Alaska Air Group's outperformance in the fourth quarter of 2018. Results were disclosed on Jan 24. Similar to the January report, the carrier's fourth-quarter results were aided by high passenger revenues owing to strong demand for air travel. Passenger revenues, accounting for a bulk (92.4%) of the top line, were up 6% on a year-over-year basis in the final quarter of 2018.
The earnings report apart, Alaska Air Group raised its quarterly dividend by 9% to 35 cents per share (annualized $1.40 per share). The first installment of the new dividend will be paid on Mar 7, 2019, to its shareholders of record as of Feb 19. This marks the company's sixth dividend hike since its initiation of quarterly dividends in 2013.
Following the upbea t earnings report and the dividend hike, shares of Alaska Air Group have gained 3.8% in the past 30 days.
One-Month Price Performance
Zacks Rank & Other Key Picks
Alaska Air currently carries a Zacks Rank #2 (Buy). A few other top-ranked airline stocks are SkyWest SKYW , Spirit Airlines SAVE and American Airlines AAL . While SkyWest sports a Zacks Rank #1 (Strong Buy), Spirit and American Airlines carry a Zacks Rank #2. You can see the complete list of today's Zacks #1 Rank stocks here .
Shares of SkyWest, Spirit and American Airlines have gained 17.4%, 4.1% and 12.9%, respectively, in a month's time.
Will You Make a Fortune on the Shift to Electric Cars?
Here's another stock idea to consider. Much like petroleum 150 years ago, lithium power may soon shake the world, creating millionaires and reshaping geo-politics. Soon electric vehicles (EVs) may be cheaper than gas guzzlers. Some are already reaching 265 miles on a single charge.
With battery prices plummeting and charging stations set to multiply, one company stands out as the #1 stock to buy according to Zacks research.
It's not the one you think.
See This Ticker Free >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Spirit Airlines, Inc. (SAVE): Free Stock Analysis Report
Alaska Air Group, Inc. (ALK): Free Stock Analysis Report
American Airlines Group Inc. (AAL): Free Stock Analysis Report
SkyWest, Inc. (SKYW): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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A few other top-ranked airline stocks are SkyWest SKYW , Spirit Airlines SAVE and American Airlines AAL . Click to get this free report Spirit Airlines, Inc. (SAVE): Free Stock Analysis Report Alaska Air Group, Inc. (ALK): Free Stock Analysis Report American Airlines Group Inc. (AAL): Free Stock Analysis Report SkyWest, Inc. (SKYW): Free Stock Analysis Report To read this article on Zacks.com click here. Similar to the January report, the carrier's fourth-quarter results were aided by high passenger revenues owing to strong demand for air travel.
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A few other top-ranked airline stocks are SkyWest SKYW , Spirit Airlines SAVE and American Airlines AAL . Click to get this free report Spirit Airlines, Inc. (SAVE): Free Stock Analysis Report Alaska Air Group, Inc. (ALK): Free Stock Analysis Report American Airlines Group Inc. (AAL): Free Stock Analysis Report SkyWest, Inc. (SKYW): Free Stock Analysis Report To read this article on Zacks.com click here. While SkyWest sports a Zacks Rank #1 (Strong Buy), Spirit and American Airlines carry a Zacks Rank #2.
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Click to get this free report Spirit Airlines, Inc. (SAVE): Free Stock Analysis Report Alaska Air Group, Inc. (ALK): Free Stock Analysis Report American Airlines Group Inc. (AAL): Free Stock Analysis Report SkyWest, Inc. (SKYW): Free Stock Analysis Report To read this article on Zacks.com click here. A few other top-ranked airline stocks are SkyWest SKYW , Spirit Airlines SAVE and American Airlines AAL . As a result, consolidated load factor increased130 basis points year over year to 77.1% Notably, the impressive traffic report comes close on the heels of Alaska Air Group's outperformance in the fourth quarter of 2018.
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Click to get this free report Spirit Airlines, Inc. (SAVE): Free Stock Analysis Report Alaska Air Group, Inc. (ALK): Free Stock Analysis Report American Airlines Group Inc. (AAL): Free Stock Analysis Report SkyWest, Inc. (SKYW): Free Stock Analysis Report To read this article on Zacks.com click here. A few other top-ranked airline stocks are SkyWest SKYW , Spirit Airlines SAVE and American Airlines AAL . Consolidated traffic, measured in revenue passenger miles (RPMs), also increased 2.5% year over year to 4 billion.
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a6fef028-b5b0-48dd-90fb-4f9878b5531a
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6653.0
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2019-02-14 00:00:00 UTC
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Vast Resources set to mine Zimbabwe diamond territory
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AAL
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https://www.nasdaq.com/articles/vast-resources-set-mine-zimbabwe-diamond-territory-2019-02-14
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HARARE/LONDON, Feb 14 (Reuters) - London-listed miner Vast Resources is to be allowed into Zimbabwe's diamond fields, Mining Minister Winston Chitando said on Thursday, joining other new entrants including Russia'sAlrosa.
Zimbabwe is stepping up efforts to exploit its mineral resources to revive a moribund economy sapped by high inflation and unemployment, with President Emmerson Mnangagwa looking to woo investors after a soft coup in 2017 that usurped former president Robert Mugabe.
"In principle it is agreed," Chitando told Reuters, referring to Vast Resources being allowed the right to mine the diamond fields.
The company signed a memorandum of understanding with Botswana Diamonds in May to form a special purpose vehicle to develop resources in Zimbabwe.
Few miners doubt the potential of Zimbabwe's mineral resources and it is among the world's leading diamond-producing countries. But investors are concerned about how much money companies can take out because of dollar shortages. Many big miners are taking a cautious approach.
Mugabe accused Anglo American unit De Beers of looting the largest diamond fields in Marange, eastern Zimbabwe, where production is dominated by state-owned Zimbabwe Consolidated Diamond Company. De Beers denied the charge.
In early 2016 Mugabe's government evicted all diamond miners from Marange, saying their licences had expired after they declined to merge under the state-owned mining company.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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HARARE/LONDON, Feb 14 (Reuters) - London-listed miner Vast Resources is to be allowed into Zimbabwe's diamond fields, Mining Minister Winston Chitando said on Thursday, joining other new entrants including Russia'sAlrosa. The company signed a memorandum of understanding with Botswana Diamonds in May to form a special purpose vehicle to develop resources in Zimbabwe. In early 2016 Mugabe's government evicted all diamond miners from Marange, saying their licences had expired after they declined to merge under the state-owned mining company.
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HARARE/LONDON, Feb 14 (Reuters) - London-listed miner Vast Resources is to be allowed into Zimbabwe's diamond fields, Mining Minister Winston Chitando said on Thursday, joining other new entrants including Russia'sAlrosa. "In principle it is agreed," Chitando told Reuters, referring to Vast Resources being allowed the right to mine the diamond fields. Mugabe accused Anglo American unit De Beers of looting the largest diamond fields in Marange, eastern Zimbabwe, where production is dominated by state-owned Zimbabwe Consolidated Diamond Company.
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HARARE/LONDON, Feb 14 (Reuters) - London-listed miner Vast Resources is to be allowed into Zimbabwe's diamond fields, Mining Minister Winston Chitando said on Thursday, joining other new entrants including Russia'sAlrosa. Zimbabwe is stepping up efforts to exploit its mineral resources to revive a moribund economy sapped by high inflation and unemployment, with President Emmerson Mnangagwa looking to woo investors after a soft coup in 2017 that usurped former president Robert Mugabe. Mugabe accused Anglo American unit De Beers of looting the largest diamond fields in Marange, eastern Zimbabwe, where production is dominated by state-owned Zimbabwe Consolidated Diamond Company.
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HARARE/LONDON, Feb 14 (Reuters) - London-listed miner Vast Resources is to be allowed into Zimbabwe's diamond fields, Mining Minister Winston Chitando said on Thursday, joining other new entrants including Russia'sAlrosa. Zimbabwe is stepping up efforts to exploit its mineral resources to revive a moribund economy sapped by high inflation and unemployment, with President Emmerson Mnangagwa looking to woo investors after a soft coup in 2017 that usurped former president Robert Mugabe. Mugabe accused Anglo American unit De Beers of looting the largest diamond fields in Marange, eastern Zimbabwe, where production is dominated by state-owned Zimbabwe Consolidated Diamond Company.
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c45b82d0-6c92-4abe-988e-2f2de155bc7d
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6654.0
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2019-02-14 00:00:00 UTC
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FOCUS-Famed Cullinan mine banks on big diamonds to drive down debt
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AAL
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https://www.nasdaq.com/articles/focus-famed-cullinan-mine-banks-big-diamonds-drive-down-debt-2019-02-14
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By Emma Rumney and Barbara Lewis
CULLINAN, South Africa, Feb 14 () - The owner of one of the world's most famous diamond mines could be about a decade away from clearing its multi-million-dollar debts, in a sign of the struggles facing an industry assailed by synthetic rivals and uncertain demand.
Petra Diamonds bought Cullinan in 2008, aiming to breathe new life into the South African mine renowned for yielding the largest rough gem diamond ever found - 3,106 carats - and being the world's main source of rare blue diamonds.
Petra told its debts from the mine stood at around 65 percent of its overall $650 million in borrowing, which would represent about $420 million.
Cullinan's general manager Juan Kemp added that it could take "between five and 10 years" from the opening of the new section to clear the debts related to the mine. That goes beyond the 2022 maturity of Petra's bond notes.
The company says it expects to generate free cash flow this year - a target it had hoped to reach in 2017 before being derailed by strikes and construction delays - and start reducing its debts.
Kemp said one thought kept him awake at night: "When will we get that next big stone?"
Ben Davis, mining analyst at Liberum, said the diamond prices Petra had achieved were below market expectations.
"Everyone is very much hoping, for the sake of the equity holders and debt holders, it will deliver more higher-quality stones," he added.
The miner's difficulties reflect in part the problems facing the industry - which often takes years to recover huge investments - including new competition from synthetic diamonds and sluggish demand, especially for small stones.
In a sign of the times, De Beers, owned by Anglo American, last year abandoned its decades-old policy of refusing to sell man-made diamonds as jewellery.
DIAMOND PRICES
Man-made diamonds require less investment than mining natural stones and can offer more attractive margins.
Synthetic producers spend around $300-500 per carat produced, according to a 2018 report by Bain & Company. De Beers' lab-grown diamonds sell for $800 per carat.
Petra, by contrast, has to shift 20,000 tonnes of earth at Cullinan to yield one cup of diamonds, at an average cost in the first half of their financial year of $55 per carat, leaving it with a margin of $41 per carat.
Industry experts say synthetic production accounts for a small percentage of the market, but is growing fast. De Beers is investing $94 million over four years to build a U.S. factory that will churn out 500,000 carats a year, for example, while Chinese producers are stepping up output.
Prices are also under pressure. Diamond miners say sales are seasonal and fall off after the Christmas rush, but the industry's giants have nonetheless reported weaker prices.
Alrosa, the world's biggest diamond seller by volume, said in January sales were down 44 percent year on year, while De Beers, the biggest seller by value, said the first 2019 sales cycle was 25 percent lower than in 2018.
"Diamond prices have come under pressure from a toxic combination of deteriorating consumer confidence in China, growth in synthetic jewellery capacity, working capital finance withdrawal ... and jewellery recycling," Davis said.
The tougher landscape is widening the disparities within the diamond mining industry itself.
Big players, led by De Beers and Alrosa, have the money and technology to expand in places such as Namibia and Russia, while mid-tier miners like Petra, and smaller players look to eke out the resources from older mines.
Petra gained control of Cullinan, east of Pretoria, for $80 million. Previous owner De Beers had dismissed the 116-year-old mine as not profitable enough. For Petra, it is its flagship project and its most capital-heavy, and thus central to shareholder confidence.
DIRTY COLOUR
A single large, valuable stone could bring in millions of dollars and lighten Petra's debt load. So far, however, the only large stones recovered from the new mining section have been a dirty colour, and low quality.
Kemp said the new section, which analysis suggests should be rich, had yet to show what it can produce.
"We expect a large stone at some point," he said.
In the absence of rarer gems and weak prices for small diamonds, averages for Cullinan stones have slipped from $140 per carat in the first half of its 2018 financial year to an expected $96 for the first half of this year - the lowest since 2010.
That helped prompt a 30-percent fall in Petra's share price since it published prices in January, extending a steep decline over the previous two years. The miner has bought and developed four other African mines.
Jacques Breytenbach, Petra's finance director, said pricing at Cullinan was variable from one period to the next, and that the market tended to be weaker at the end of the calendar year due to destocking. An increase in diamond tenders in the second half of Petra's financial year would make a big difference to cash generation, he added.
Small miners are more vulnerable to adverse industry trends than the bigger players, whose volumes improve the probability of success, according to Bernstein analyst Paul Gait.
"Their size allows the laws of large numbers to work on their side," he said. "You're not just reliant on the belief that in a few years' time you will find a stone of 1,000 carats."
($1 = 13.7679 rand)
GRAPHIC-Average prices of Cullinan mine diamonds
The views and 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 Emma Rumney and Barbara Lewis CULLINAN, South Africa, Feb 14 () - The owner of one of the world's most famous diamond mines could be about a decade away from clearing its multi-million-dollar debts, in a sign of the struggles facing an industry assailed by synthetic rivals and uncertain demand. The company says it expects to generate free cash flow this year - a target it had hoped to reach in 2017 before being derailed by strikes and construction delays - and start reducing its debts. The miner's difficulties reflect in part the problems facing the industry - which often takes years to recover huge investments - including new competition from synthetic diamonds and sluggish demand, especially for small stones.
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Alrosa, the world's biggest diamond seller by volume, said in January sales were down 44 percent year on year, while De Beers, the biggest seller by value, said the first 2019 sales cycle was 25 percent lower than in 2018. In the absence of rarer gems and weak prices for small diamonds, averages for Cullinan stones have slipped from $140 per carat in the first half of its 2018 financial year to an expected $96 for the first half of this year - the lowest since 2010. An increase in diamond tenders in the second half of Petra's financial year would make a big difference to cash generation, he added.
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Petra Diamonds bought Cullinan in 2008, aiming to breathe new life into the South African mine renowned for yielding the largest rough gem diamond ever found - 3,106 carats - and being the world's main source of rare blue diamonds. Petra, by contrast, has to shift 20,000 tonnes of earth at Cullinan to yield one cup of diamonds, at an average cost in the first half of their financial year of $55 per carat, leaving it with a margin of $41 per carat. In the absence of rarer gems and weak prices for small diamonds, averages for Cullinan stones have slipped from $140 per carat in the first half of its 2018 financial year to an expected $96 for the first half of this year - the lowest since 2010.
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Petra Diamonds bought Cullinan in 2008, aiming to breathe new life into the South African mine renowned for yielding the largest rough gem diamond ever found - 3,106 carats - and being the world's main source of rare blue diamonds. Cullinan's general manager Juan Kemp added that it could take "between five and 10 years" from the opening of the new section to clear the debts related to the mine. "We expect a large stone at some point," he said.
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6655.0
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2019-02-13 00:00:00 UTC
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Colombia coal output likely to hold steady in 2019, companies say
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AAL
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https://www.nasdaq.com/articles/colombia-coal-output-likely-hold-steady-2019-companies-say-2019-02-13
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nan
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BOGOTA, Feb 13 () - Colombia's coal production and exports are likely to remain steady this year, companies said on Wednesday, amid predictions international prices for the fuel will fall in 2019.
The Andean nation is the world's fifth-largest exporter of coal.
Overall Colombia production figures for last year are expected to be released sometime after Friday. Annual output in 2017 was down 1.2 percent from the year before, to 89.4 million tonnes.
Analyst Fitch Solutions reduced its Colombian coal production growth forecast from 4.5 percent to 0 percent in January, citing possible production stagnation due to price declines that disincentivize higher output.
Thermal coal prices will fall to an average of $85 per tonne in 2019, from $101.4 per tonne last year, Fitch Solutions said in a note.
Drummond Co Inc, the country's largest exporter of coal, expects to maintain production and exports levels in 2019, a company source told .
Output last year hovered around 31 million tonnes, while exports were 31.6 million tonnes, the source said. The company expects to produce between 31 million and 32 million tonnes this year.
Alabama-based Drummond's forecasts are not necessarily connected to price predictions, the source said.
Meanwhile Cerrejon, which operates an open pit mine in northern La Guajira province, will be working to avoid a repeat of production headaches from last year.
The company, which is equally owned by BHP, Anglo American and Glencore, produced 30.7 million tonnes in 2018 and exported 30.5 million tonnes, it said in response to emailed questions from , and expects similar volumes this year.
Output was damaged by judicial rulings which prevented Cerrejon from accessing part of its concession and by heavy rains in May, September and October.
"Those factors, as well as others that are out of our control, will influence results in 2019, when we will seek to counteract the trend toward contraction in our operations," said the company.
Colombia's two other major coal producers, Murray Energy Corp, which controls miner Colombia Natural Resources, and Prodeco, a subsidiary of Glencore, both declined to comment.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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BOGOTA, Feb 13 () - Colombia's coal production and exports are likely to remain steady this year, companies said on Wednesday, amid predictions international prices for the fuel will fall in 2019. Meanwhile Cerrejon, which operates an open pit mine in northern La Guajira province, will be working to avoid a repeat of production headaches from last year. Output was damaged by judicial rulings which prevented Cerrejon from accessing part of its concession and by heavy rains in May, September and October.
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Output last year hovered around 31 million tonnes, while exports were 31.6 million tonnes, the source said. The company expects to produce between 31 million and 32 million tonnes this year. The company, which is equally owned by BHP, Anglo American and Glencore, produced 30.7 million tonnes in 2018 and exported 30.5 million tonnes, it said in response to emailed questions from , and expects similar volumes this year.
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BOGOTA, Feb 13 () - Colombia's coal production and exports are likely to remain steady this year, companies said on Wednesday, amid predictions international prices for the fuel will fall in 2019. Output last year hovered around 31 million tonnes, while exports were 31.6 million tonnes, the source said. The company, which is equally owned by BHP, Anglo American and Glencore, produced 30.7 million tonnes in 2018 and exported 30.5 million tonnes, it said in response to emailed questions from , and expects similar volumes this year.
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Thermal coal prices will fall to an average of $85 per tonne in 2019, from $101.4 per tonne last year, Fitch Solutions said in a note. Drummond Co Inc, the country's largest exporter of coal, expects to maintain production and exports levels in 2019, a company source told . The company expects to produce between 31 million and 32 million tonnes this year.
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e15d5a30-8468-467b-ac54-f77b3e75881d
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6656.0
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2019-02-13 00:00:00 UTC
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Fly Higher in 2019 With These 5 Terrific Airlines Stocks
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AAL
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https://www.nasdaq.com/articles/fly-higher-2019-these-5-terrific-airlines-stocks-2019-02-13
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nan
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The airlines industry had a disappointing 2018 owing to stiff rise in crude oil prices which reached record levels in October. However, decline in oil prices and strong U.S. economy has helped the airline carriers to rebound in 2019. Year to date, the airline industry is up 10.5%, higher than the benchmark S&P 500's growth of 9.5%.
The International Air Transport Association ("IATA") provided a lower fuel cost projection for 2019. Moreover, a dovish monetary stance of the Fed will help the airline industry in a big way. At this stage, it will be prudent to invest in airline stocks with a favorable Zacks Rank.
Bullish IATA Forecast for 2019
In December 2018, the International Air Transport Association provided an encouraging outlook for the global airline industry for 2019. IATA predicts global net profit of $35.5 billion for the industry in 2019. This is much higher than the profitability forecast of $32.3 billion for 2018. This bright projection can be attributed to strong demand for air travel.
Global net profit margin is expected to improve marginally to 4% in 2019 from 3.9% estimated in 2018. The overall industry revenues are expected to reach $885 billion in 2019 compared with $821 billion anticipated in 2018.
Passenger numbers are expected to reach 4.59 billion compared with 4.34 billion in 2018. Moreover, 65.9 million cargo tonnes are likely to be carried in 2019 compared with 63.7 million in 2018. Average net profit per departing passenger is expected to go up $7.75 from $7.45 in 2018.
The IATA has forecasted that the average fuel cost in 2019 will be around $65 per barrel (Brent crude price) compared with average fuel cost of $73 per barrel in 2018. Average cost of jet fuel price is pegged at $81.3 per barrel in 2019 compared with $87.6 per barrel in 2018.
Moody's Maintains Stable 2019 Outlook
In December 2018, Moody's Investors Services maintains 2019 outlook for the global airline industry as stable. This stable outlook is driven by projections for around 8% operating margins for Moody's-rated airlines through 2019, with U.S. carriers remaining the most profitable. Moody's projects industry revenues to grow about 4%, offsetting higher labor and fuel costs. Steady global economic growth will support rising demand for air travel over the next 12 to 18 months.
US to Gain Most
The U.S. economy remains strong despite severe stock market volatility and geopolitical disturbances in 2018. The IATA has projected that the strongest financial result for airline industry in 2019 will come from North America, especially from the United States. Net profit is likely to grow up to $16.6 billion from $14.7 billion in 2018. Net margin is expected to reach 6% in 2019 compared with 5.7% in 2018.
Additionally, airlines industry is highly sensitive to interest rate risk. In January, the Fed refrained from raising rate after hiking it four times in 2018. Moreover, the central bank indicated that it will pursue a dovish monetary stance in 2019. Several airlines carry substantial debt and lease burdens. Consequently, a soft monetary policy will bode well with them.
Our Picks
A thriving and improving economy also supports the overall bullishness of the airline industry, as it implies that more passengers and cargos are being transported across the United States and internationally. Given this scenario, we suggest investors add these five airline stocks to their portfolios, each of which carries a Zacks Rank #2 (Buy). You can see the complete list of today's Zacks #1 (Strong Buy) Rank stocks here .
The chart below shows price performance of our five picks in the last three months.
American Airlines Group Inc.AAL operates as a network air carrier. It provides scheduled air transportation services for passengers and cargo. The company has expected earnings growth of 30.6% for current year. The Zacks Consensus Estimate for the current year has improved by 10.6% over the last 60 days.
JetBlue Airways Corp.JBLU is a passenger carrier company providing air transportation services. The company has expected earnings growth of 34.2% for current year. The Zacks Consensus Estimate for the current year has improved by 23.1% over the last 60 days.
Spirit Airlines Inc.SAVE operates as low-fare airline services. The company has expected earnings growth of 51.4% for current year. The Zacks Consensus Estimate for the current year has improved by 21.8% over the last 60 days.
United Continental Holdings Inc.UAL provides air transportation services in North America, the Asia-Pacific, Europe, the Middle East, Africa, and Latin America. The company has expected earnings growth of 25% for current year. The Zacks Consensus Estimate for the current year has improved by 12.4% over the last 60 days.
Southwest Airlines Co.LUV operates a passenger airline that provides scheduled air transportation services in the United States and near-international markets. The company has expected earnings growth of 21.2% for current year. The Zacks Consensus Estimate for the current year has improved by 8.4% over the last 60 days.
3 Medical Stocks to Buy Now
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Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Spirit Airlines, Inc. (SAVE): Free Stock Analysis Report
United Continental Holdings, Inc. (UAL): Get Free Report
American Airlines Group Inc. (AAL): Free Stock Analysis Report
JetBlue Airways Corporation (JBLU): Free Stock Analysis Report
Southwest Airlines Co. (LUV): Get Free Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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American Airlines Group Inc.AAL operates as a network air carrier. Click to get this free report Spirit Airlines, Inc. (SAVE): Free Stock Analysis Report United Continental Holdings, Inc. (UAL): Get Free Report American Airlines Group Inc. (AAL): Free Stock Analysis Report JetBlue Airways Corporation (JBLU): Free Stock Analysis Report Southwest Airlines Co. (LUV): Get Free Report To read this article on Zacks.com click here. The airlines industry had a disappointing 2018 owing to stiff rise in crude oil prices which reached record levels in October.
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Click to get this free report Spirit Airlines, Inc. (SAVE): Free Stock Analysis Report United Continental Holdings, Inc. (UAL): Get Free Report American Airlines Group Inc. (AAL): Free Stock Analysis Report JetBlue Airways Corporation (JBLU): Free Stock Analysis Report Southwest Airlines Co. (LUV): Get Free Report To read this article on Zacks.com click here. American Airlines Group Inc.AAL operates as a network air carrier. Moody's Maintains Stable 2019 Outlook In December 2018, Moody's Investors Services maintains 2019 outlook for the global airline industry as stable.
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Click to get this free report Spirit Airlines, Inc. (SAVE): Free Stock Analysis Report United Continental Holdings, Inc. (UAL): Get Free Report American Airlines Group Inc. (AAL): Free Stock Analysis Report JetBlue Airways Corporation (JBLU): Free Stock Analysis Report Southwest Airlines Co. (LUV): Get Free Report To read this article on Zacks.com click here. American Airlines Group Inc.AAL operates as a network air carrier. Bullish IATA Forecast for 2019 In December 2018, the International Air Transport Association provided an encouraging outlook for the global airline industry for 2019.
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American Airlines Group Inc.AAL operates as a network air carrier. Click to get this free report Spirit Airlines, Inc. (SAVE): Free Stock Analysis Report United Continental Holdings, Inc. (UAL): Get Free Report American Airlines Group Inc. (AAL): Free Stock Analysis Report JetBlue Airways Corporation (JBLU): Free Stock Analysis Report Southwest Airlines Co. (LUV): Get Free Report To read this article on Zacks.com click here. Average net profit per departing passenger is expected to go up $7.75 from $7.45 in 2018.
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1904e229-16f2-4a55-9b61-6b85c2631ca8
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6657.0
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2019-02-11 00:00:00 UTC
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The Zacks Analyst Blog Highlights: American Airlines, Allison Transmission, AVX, CrossAmerica and Ennis
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AAL
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https://www.nasdaq.com/articles/the-zacks-analyst-blog-highlights%3A-american-airlines-allison-transmission-avx-crossamerica
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nan
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nan
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For Immediate Release
Chicago, IL -February 11, 2019 - Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: American Airlines Group Inc.AAL , Allison Transmission Holdings, Inc.ALSN , AVX CorporationAVX , CrossAmerica Partners LPCAPL and Ennis, Inc.EBF .
Here are highlights from Friday's Analyst Blog:
5 Top Dividend Stocks to Brace a Dicey February
Wall Street recently saw the best January in nearly 30 years. Both the S&P 500 and Dow advanced more than 7% last month, registering their biggest gains since January 1987 and January 1989, respectively. And it was widely anticipated that the positive earnings season and the Fed's dovish stance will provide momentum to stocks in February.
However, worries over U.S.-China trade relations and slower global economic growth laid the base for a tumultuous February. In fact, a gauge of stock market gyration, known as Wall Street's fear gauge, recently suggested that the markets are walking a tightrope.
With the month expected to be rough, investing in sound dividend paying stocks seems judicious. Such stocks provide steady income and cushion one's portfolio against market risks.
What's Dragging the Market?
Trade war concerns arise after National Economic Council Director Larry Kudlow said at an interview with Fox Business Network that there is a long way to go before both the United States and China strike a trade agreement. He said that there was a "pretty sizable distance" before reaching a deal.
Kudlow further said that U.S. Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin's next visit to China may possibly not result in some of the agreement even being drafted. He added that "when those two gentlemen, they are very experienced folks, when they get there, we'll see. At the moment we have not had the papering of any of these discussions. So as I say, they're going to be probing and continuing conversations."
Trump and China's Xi Jinping's meeting, in fact, isn't likely before a Mar 1 deadline and the United States is expected to keep tariffs at 10% rather than increasing it to 25% as scheduled. Nonetheless, trade tensions between the United States and China are raising a lot of concern among investors. After all, tariffs do squeeze corporate profits and hamper growth.
An array of weak global economic data isn't soothing investors' nerves as well. Both the Bank of England (BOE) and the European Commission (EC) offered discouraging outlooks, reaffirming growing concerns about the health of Europe's economy.
Recently, BOE left rates unchanged and has lowered its GDP estimate for 2019 to 1.2% from the earlier 1.7%. The current level, rather, reflects the weakest growth since 2009. The EC also trimmed its forecast for 2019 Eurozone growth to 1.3%, down from the previous forecast of 1.9%. Germany's weaker-than-expected industrial data was cited to be the primary reason behind this dismal forecast. By the way, Italy's high debt burden is raising questions over the health of the country's finances.
February Could Be Cruel: Buy 5 Top Dividend Stocks Now
With so many concerns plaguing investors' minds, dividend paying stocks are tempting options at the moment. The best dividend stocks pay out a healthy yield and have strong prospects, and are less susceptible to market gyrations. Their large customer base, sustainable business model, long track of profitability and strong liquidity allow them to offer sizable yields on a regular basis, regardless of market direction.
While finding companies that offer these traits isn't easy, they do exist. To help you find these businesses, we have selected five dividend payers with a Zacks Rank #1 (Strong Buy) or 2 (Buy) and a VGM Score of A or B. Here V stands for Value, G for Growth and M for Momentum and the score is a weighted combination of these three metrics. Such a score allows you to eliminate the negative aspects of stocks and select winners.
American Airlines Group Inc. operates as a network air carrier. The company has a Zacks Rank #2 and a VGM Score of B. American Airlines has a dividend yield of 1.09%, while its five-year avera ge dividend yield is pegged at 0.85%. The Zacks Consensus Estimate for its current-year earnings rose 12.3% in the past 60 days. The stock's expected earnings growth rate for the current year is 30.8%, higher than the Transportation - Airline industry's projected return of 4.8%. The company has outperformed the broader industry so far this year (+12.6% vs +10.5%).
Allison Transmission Holdings, Inc. designs, manufactures, and sells commercial and defense fully-automatic transmissions for medium- and heavy-duty commercial vehicles, and medium- and heavy-tactical defense vehicles. The company has a Zacks Rank #2 and a VGM Score of A. Allison Transmission has a dividend yield of 1.24%, while its five-year average dividend yield is pegged at 1.75%. The Zacks Consensus Estimate for its current-year earnings rose 0.2% in the past 60 days. The stock's expected earnings growth rate for the current year is 73.7%, higher than the Automotive - Original Equipment industry's projected return of 4.4%. The company has outperformed the broader industry over the last one-year period (+14.7% vs -21.6%).
AVX Corporation manufactures, supplies, and resells various electronic components, interconnect devices, sensing and control devices, and related products. The company has a Zacks Rank #1 and a VGM Score of B. AVX has a dividend yield of 2.53%, while its five-year average dividend yield is pegged at 2.88%. The Zacks Consensus Estimate for its current-year earnings rose 9.7% in the past 60 days. The stock's expected earnings growth rate for the current year is 97.5%, higher than the Electronics - Miscellaneous Components industry's estimated return of 1.2%. The company has outperformed the broader industry on a year-to-date basis (+16.1% vs +13.0%). You can see the complete list of today's Zacks #1 Rank stocks here.
CrossAmerica Partners LP engages in the wholesale distribution of motor fuels, and ownership and leasing of real estate used in the retail distribution of motor fuels. The company has a Zacks Rank #2 and a VGM Score of A. CrossAmerica Partners has a dividend yield of 11.91%, while its five-year average dividend yield is pegged at 9.28%. The Zacks Consensus Estimate for its current-year earnings moved up 100% in the past 60 days. The stock's expected earnings growth rate for the current year is 150%, higher than the Oil and Gas - Refining and Marketing - Master Limited Partnerships industry's projected return of 13%. The company has outperformed the broader industry so far this year (+22.5% vs +18.1%).
Ennis, Inc. designs, manufactures, and sells business forms and other business products. The company has a Zacks Rank #1 and a VGM Score of B. Ennis has a dividend yield of 4.41%, while its five-year average dividend yield is pegged at 4.26%. The Zacks Consensus Estimate for its current-year earnings rose 5% in the past 60 days. The stock's expected earnings growth rate for the current year is 13.9%, higher than the Office Supplies industry's projected return of 6.8%. The company has outperformed the broader industry over the last one-year period (+2.0% vs -7.0%).
The Hottest Tech Mega-Trend of All
Last year, it generated $8 billion in global revenues. By 2020, it's predicted to blast through the roof to $47 billion. Famed investor Mark Cuban says it will produce ""the world's first trillionaires,"" but that should still leave plenty of money for regular investors who make the right trades early.
See Zacks' 3 Best Stocks to Play This Trend >>
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Zacks Investment Research
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Past performance is no guarantee of future results. Inherent in any investment is the potential for loss . This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit http://www.zacks.com/performance for information about the performance numbers displayed in this press release.
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American Airlines Group Inc. (AAL): Free Stock Analysis Report
Allison Transmission Holdings, Inc. (ALSN): Free Stock Analysis Report
AVX Corporation (AVX): Free Stock Analysis Report
CrossAmerica Partners LP (CAPL): Free Stock Analysis Report
Ennis, Inc. (EBF): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Stocks recently featured in the blog include: American Airlines Group Inc.AAL , Allison Transmission Holdings, Inc.ALSN , AVX CorporationAVX , CrossAmerica Partners LPCAPL and Ennis, Inc.EBF . Click to get this free report American Airlines Group Inc. (AAL): Free Stock Analysis Report Allison Transmission Holdings, Inc. (ALSN): Free Stock Analysis Report AVX Corporation (AVX): Free Stock Analysis Report CrossAmerica Partners LP (CAPL): Free Stock Analysis Report Ennis, Inc. (EBF): Free Stock Analysis Report To read this article on Zacks.com click here. Their large customer base, sustainable business model, long track of profitability and strong liquidity allow them to offer sizable yields on a regular basis, regardless of market direction.
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Stocks recently featured in the blog include: American Airlines Group Inc.AAL , Allison Transmission Holdings, Inc.ALSN , AVX CorporationAVX , CrossAmerica Partners LPCAPL and Ennis, Inc.EBF . Click to get this free report American Airlines Group Inc. (AAL): Free Stock Analysis Report Allison Transmission Holdings, Inc. (ALSN): Free Stock Analysis Report AVX Corporation (AVX): Free Stock Analysis Report CrossAmerica Partners LP (CAPL): Free Stock Analysis Report Ennis, Inc. (EBF): Free Stock Analysis Report To read this article on Zacks.com click here. Allison Transmission Holdings, Inc. designs, manufactures, and sells commercial and defense fully-automatic transmissions for medium- and heavy-duty commercial vehicles, and medium- and heavy-tactical defense vehicles.
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Click to get this free report American Airlines Group Inc. (AAL): Free Stock Analysis Report Allison Transmission Holdings, Inc. (ALSN): Free Stock Analysis Report AVX Corporation (AVX): Free Stock Analysis Report CrossAmerica Partners LP (CAPL): Free Stock Analysis Report Ennis, Inc. (EBF): Free Stock Analysis Report To read this article on Zacks.com click here. Stocks recently featured in the blog include: American Airlines Group Inc.AAL , Allison Transmission Holdings, Inc.ALSN , AVX CorporationAVX , CrossAmerica Partners LPCAPL and Ennis, Inc.EBF . The company has a Zacks Rank #2 and a VGM Score of A. Allison Transmission has a dividend yield of 1.24%, while its five-year average dividend yield is pegged at 1.75%.
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Stocks recently featured in the blog include: American Airlines Group Inc.AAL , Allison Transmission Holdings, Inc.ALSN , AVX CorporationAVX , CrossAmerica Partners LPCAPL and Ennis, Inc.EBF . Click to get this free report American Airlines Group Inc. (AAL): Free Stock Analysis Report Allison Transmission Holdings, Inc. (ALSN): Free Stock Analysis Report AVX Corporation (AVX): Free Stock Analysis Report CrossAmerica Partners LP (CAPL): Free Stock Analysis Report Ennis, Inc. (EBF): Free Stock Analysis Report To read this article on Zacks.com click here. Nonetheless, trade tensions between the United States and China are raising a lot of concern among investors.
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e9bd2c82-832b-4fb4-9491-77855ab05d4a
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6658.0
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2019-02-11 00:00:00 UTC
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3 Reasons to Buy United Airlines Stock
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AAL
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https://www.nasdaq.com/articles/3-reasons-buy-united-airlines-stock-2019-02-11
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nan
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nan
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips
Unlike a name such as Boeing (NYSE: BA ), United Airlines (NYSE: UAL ) stock hasn't been a rocket ship over the past two months. That said, it hasn't been a total dud either, particularly as United Airlines stock flirts with a possible breakout.
With that in mind, there may be a few investors who feel that they've missed their chance in United. That's not the case, and in fact, here are three reasons investors can justify a long position in UAL stock.
UAL Stock Valuation
Shares of United are quite cheap - as is most of the sector. Based on current estimates for this year (fiscal 2019), United Airlines stock trades at just 7.3 times forward earnings. When we previously compared UAL to Delta Air Lines (NYSE: DAL ), Southwest Airlines (NYSE: LUV ) and American Air (NYSE: AAL ), it was one of the cheapest names on a price-to-earnings (P/E) ratio basis.
On a PEG basis - which measures the price-to-earnings ratio against growth - United Airlines stock was cheaper than its peers by a long shot. That remains true today as well. Thanks to its growth profile, which we'll discuss in a moment, the valuation remains very discounted to the overall market.
A cheap valuation is good, but it shouldn't be the sole catalyst to buying a stock, in my humble opinion. A low valuation is like a cherry on top of a sundae. So long as a few other boxes are checked, a low valuation can let the stock rally once other catalysts start to line up.
10 Best Dividend Stocks to Buy for the Next 10 Months
With all that said, it would be more encouraging if UAL stock paid a dividend like many of its peers. For instance, DAL stock pays out almost 3% annually.
Growth for United Airlines
Analysts currently expect 4.8% revenue growth this year and 6% revenue growth in fiscal 2020. On the earnings front, analysts expect earnings to explode 25.5% this year to $11.46 per share. That's helped to drive down its P/E ratio and will make rallying an easier process should shares breakout.
For 2020, estimates call for just 6% earnings growth. However, it's worth mentioning that in the summer, analysts were expecting 5.4% sales growth for 2019 (now expecting 4.8%), but they were looking for earnings growth of "just" 18%. So current expectations of 25.5% is vastly ahead of the prior outlook. Further, it underscores the margin expansion we should see UAL this year.
The airlines have become very profitable and fluctuating oil prices have helped at times. When oil prices are under pressure, as they were in the fourth quarter, companies like UAL have an opportunity to lock in low prices. That said, I'm impressed with how well United Airlines stock has held up so far this year, despite the strong rally in oil prices last month.
The United Airlines Stock Breakout
Click to Enlarge
United Airlines stock is now above all of its major moving averages and knocking on the $90 breakout level. I love the fact that it has put in a series of higher lows (purple arrows) and continues to ride uptrend support higher (blue line).
After testing $90 resistance earlier this month, shares pulled back slightly and found support at the 100-day moving average. That's increasing the likelihood that it will be able to break out through $90. It would be a red flag if UAL stock fails to pierce this mark while also falling below uptrend support. Should it lose the 100-day moving average, the United Airlines stock breakout will be on hold.
Should UAL stock breakthrough $90, I want to see that it can get through uptrend/channel resistance. This may come into play around $92. Provided that it can, the recent high near $98 will be on the table. It helps that UAL has the wind at its back after a strong fourth-quarter earnings results in mid-January.
Bret Kenwell is the manager and author of Future Blue Chips and is on Twitter @BretKenwell . As of this writing, Bret Kenwell did not hold a position in any of the aforementioned securities.
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The post 3 Reasons to Buy United Airlines Stock appeared first on InvestorPlace .
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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When we previously compared UAL to Delta Air Lines (NYSE: DAL ), Southwest Airlines (NYSE: LUV ) and American Air (NYSE: AAL ), it was one of the cheapest names on a price-to-earnings (P/E) ratio basis. Based on current estimates for this year (fiscal 2019), United Airlines stock trades at just 7.3 times forward earnings. On a PEG basis - which measures the price-to-earnings ratio against growth - United Airlines stock was cheaper than its peers by a long shot.
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When we previously compared UAL to Delta Air Lines (NYSE: DAL ), Southwest Airlines (NYSE: LUV ) and American Air (NYSE: AAL ), it was one of the cheapest names on a price-to-earnings (P/E) ratio basis. Based on current estimates for this year (fiscal 2019), United Airlines stock trades at just 7.3 times forward earnings. Growth for United Airlines Analysts currently expect 4.8% revenue growth this year and 6% revenue growth in fiscal 2020.
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When we previously compared UAL to Delta Air Lines (NYSE: DAL ), Southwest Airlines (NYSE: LUV ) and American Air (NYSE: AAL ), it was one of the cheapest names on a price-to-earnings (P/E) ratio basis. InvestorPlace - Stock Market News, Stock Advice & Trading Tips Unlike a name such as Boeing (NYSE: BA ), United Airlines (NYSE: UAL ) stock hasn't been a rocket ship over the past two months. The United Airlines Stock Breakout Click to Enlarge United Airlines stock is now above all of its major moving averages and knocking on the $90 breakout level.
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When we previously compared UAL to Delta Air Lines (NYSE: DAL ), Southwest Airlines (NYSE: LUV ) and American Air (NYSE: AAL ), it was one of the cheapest names on a price-to-earnings (P/E) ratio basis. UAL Stock Valuation Shares of United are quite cheap - as is most of the sector. A cheap valuation is good, but it shouldn't be the sole catalyst to buying a stock, in my humble opinion.
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ea932680-0a58-4e86-a911-1790b7f9189d
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6659.0
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2019-02-08 00:00:00 UTC
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Why American Airlines (AAL) Could Be a Top Value Stock Pick
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AAL
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https://www.nasdaq.com/articles/why-american-airlines-aal-could-be-a-top-value-stock-pick-2019-02-08
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nan
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nan
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Value investing is always a very popular strategy, and for good reason. After all, who doesn't want to find stocks that have low PEs, solid outlooks, and decen t dividends ?
Fortunately for investors looking for this combination, we have identified a strong candidate which may be an impressive value; American Airlines Group Inc.AAL .
American Airlines in Focus
AAL may be an interesting play thanks to its forward PE of 6.2, its P/S ratio of 0.4, and its decen t dividend yield of 1.1%. These factors suggest that American Airlines is a pretty good value pick, as investors have to pay a relatively low level for each dollar o f earnings , and that AAL has decent revenue metrics to back up its earnings.
American Airlines Group Inc. PE Ratio (TTM)
American Airlines Group Inc. PE Ratio (TTM) | American Airlines Group Inc. Quote
But before you think that American Airlines is just a pure value play, it is important to note that it has been seeing solid activity on the earnings estimate front as well. For current year earnings, the consensus has gone up by 8.6% in the past 30 days, thanks to 10 upward revisions in the past one month compared to two lower.
This estimate strength is actually enough to push AAL to a Zacks Rank #2 (Buy), suggesting it is poised to outperform. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here .
So really, American Airlines is looking great from a number of angles thanks to its PE below 20, a P/S ratio below one, and a strong Zacks Rank, meaning that this company could be a great choice for value investors at this time.
The Hottest Tech Mega-Trend of All
Last year, it generated $8 billion in global revenues. By 2020, it's predicted to blast through the roof to $47 billion. Famed investor Mark Cuban says it will produce "the world's first trillionaires," but that should still leave plenty of money for regular investors who make the right trades early.
See Zacks' 3 Best Stocks to Play This Trend >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
American Airlines Group Inc. (AAL): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Fortunately for investors looking for this combination, we have identified a strong candidate which may be an impressive value; American Airlines Group Inc.AAL . American Airlines in Focus AAL may be an interesting play thanks to its forward PE of 6.2, its P/S ratio of 0.4, and its decen t dividend yield of 1.1%. This estimate strength is actually enough to push AAL to a Zacks Rank #2 (Buy), suggesting it is poised to outperform.
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Click to get this free report American Airlines Group Inc. (AAL): Free Stock Analysis Report To read this article on Zacks.com click here. Fortunately for investors looking for this combination, we have identified a strong candidate which may be an impressive value; American Airlines Group Inc.AAL . American Airlines in Focus AAL may be an interesting play thanks to its forward PE of 6.2, its P/S ratio of 0.4, and its decen t dividend yield of 1.1%.
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These factors suggest that American Airlines is a pretty good value pick, as investors have to pay a relatively low level for each dollar o f earnings , and that AAL has decent revenue metrics to back up its earnings. Fortunately for investors looking for this combination, we have identified a strong candidate which may be an impressive value; American Airlines Group Inc.AAL . American Airlines in Focus AAL may be an interesting play thanks to its forward PE of 6.2, its P/S ratio of 0.4, and its decen t dividend yield of 1.1%.
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Fortunately for investors looking for this combination, we have identified a strong candidate which may be an impressive value; American Airlines Group Inc.AAL . American Airlines in Focus AAL may be an interesting play thanks to its forward PE of 6.2, its P/S ratio of 0.4, and its decen t dividend yield of 1.1%. These factors suggest that American Airlines is a pretty good value pick, as investors have to pay a relatively low level for each dollar o f earnings , and that AAL has decent revenue metrics to back up its earnings.
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4b4e1901-46f2-494a-b2e4-b5be8c928b59
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6660.0
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2019-02-08 00:00:00 UTC
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5 Top Dividend Stocks to Brace a Dicey February
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AAL
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https://www.nasdaq.com/articles/5-top-dividend-stocks-brace-dicey-february-2019-02-08
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nan
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nan
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Wall Street recently saw the best January in nearly 30 years. Both the S&P 500 and Dow advanced more than 7% last month, registering their biggest gains since January 1987 and January 1989, respectively. And it was widely anticipated that the positive earnings season and the Fed's dovish stance will provide momentum to stocks in February.
However, worries over U.S.-China trade relations and slower global economic growth laid the base for a tumultuous February. In fact, a gauge of stock market gyration, known as Wall Street's fear gauge, recently suggested that the markets are walking a tightrope.
With the month expected to be rough, investing in sound dividend paying stocks seems judicious. Such stocks provide steady income and cushion one's portfolio against market risks.
What's Dragging the Market?
Trade war concerns arise after National Economic Council Director Larry Kudlow said at an interview with Fox Business Network that there is a long way to go before both the United States and China strike a trade agreement. He said that there was a "pretty sizable distance" before reaching a deal.
Kudlow further said that U.S. Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin's next visit to China may possibly not result in some of the agreement even being drafted. He added that "when those two gentlemen, they are very experienced folks, when they get there, we'll see. At the moment we have not had the papering of any of these discussions. So as I say, they're going to be probing and continuing conversations."
Trump and China's Xi Jinping's meeting, in fact, isn't likely before a Mar 1 deadline and the United States is expected to keep tariffs at 10% rather than increasing it to 25% as scheduled. Nonetheless, trade tensions between the United States and China are raising a lot of concern among investors. After all, tariffs do squeeze corporate profits and hamper growth.
An array of weak global economic data isn't soothing investors' nerves as well. Both the Bank of England (BOE) and the European Commission (EC) offered discouraging outlooks, reaffirming growing concerns about the health of Europe's economy.
Recently, BOE left rates unchanged and has lowered its GDP estimate for 2019 to 1.2% from the earlier 1.7%. The current level, rather, reflects the weakest growth since 2009. The EC also trimmed its forecast for 2019 Eurozone growth to 1.3%, down from the previous forecast of 1.9%. Germany's weaker-than-expected industrial data was cited to be the primary reason behind this dismal forecast. By the way, Italy's high debt burden is raising questions over the health of the country's finances.
February Could be Cruel: Buy 5 Top Dividend Stocks Now
With so many concerns plaguing investors' minds, dividend paying stocks are tempting options at the moment. The best dividend stocks pay out a healthy yield and have strong prospects, and are less susceptible to market gyrations. Their large customer base, sustainable business model, long track of profitability and strong liquidity allow them to offer sizable yields on a regular basis, regardless of market direction.
While finding companies that offer these traits isn't easy, they do exist. To help you find these businesses, we have selected five dividend payers with a Zacks Rank #1 (Strong Buy) or 2 (Buy) and a VGM Score of A or B. Here V stands for Value, G for Growth and M for Momentum and the score is a weighted combination of these three metrics. Such a score allows you to eliminate the negative aspects of stocks and select winners.
American Airlines Group Inc . AAL operates as a network air carrier. The company has a Zacks Rank #2 and a VGM Score of B. American Airlines has a dividend yield of 1.09%, while its five-year avera ge dividend yield is pegged at 0.85%. The Zacks Consensus Estimate for its current-year earnings rose 12.3% in the past 60 days. The stock's expected earnings growth rate for the current year is 30.8%, higher than the Transportation - Airline industry's projected return of 4.8%. The company has outperformed the broader industry so far this year (+12.6% vs +10.5%).
Allison Transmission Holdings, Inc . ALSN designs, manufactures, and sells commercial and defense fully-automatic transmissions for medium- and heavy-duty commercial vehicles, and medium- and heavy-tactical defense vehicles. The company has a Zacks Rank #2 and a VGM Score of A. Allison Transmission has a dividend yield of 1.24%, while its five-year average dividend yield is pegged at 1.75%. The Zacks Consensus Estimate for its current-year earnings rose 0.2% in the past 60 days. The stock's expected earnings growth rate for the current year is 73.7%, higher than the Automotive - Original Equipment industry's projected return of 4.4%. The company has outperformed the broader industry over the last one-year period (+14.7% vs -21.6%).
AVX CorporationAVX manufactures, supplies, and resells various electronic components, interconnect devices, sensing and control devices, and related products. The company has a Zacks Rank #1 and a VGM Score of B. AVX has a dividend yield of 2.53%, while its five-year average dividend yield is pegged at 2.88%. The Zacks Consensus Estimate for its current-year earnings rose 9.7% in the past 60 days. The stock's expected earnings growth rate for the current year is 97.5%, higher than the Electronics - Miscellaneous Components industry's estimated return of 1.2%. The company has outperformed the broader industry on a year-to-date basis (+16.1% vs +13.0%). You can see the complete list of today's Zacks #1 Rank stocks here .
CrossAmerica Partners LPCAPL engages in the wholesale distribution of motor fuels, and ownership and leasing of real estate used in the retail distribution of motor fuels. The company has a Zacks Rank #2 and a VGM Score of A. CrossAmerica Partners has a dividend yield of 11.91%, while its five-year average dividend yield is pegged at 9.28%. The Zacks Consensus Estimate for its current-year earnings moved up 100% in the past 60 days. The stock's expected earnings growth rate for the current year is 150%, higher than the Oil and Gas - Refining and Marketing - Master Limited Partnerships industry's projected return of 13%. The company has outperformed the broader industry so far this year (+22.5% vs +18.1%).
Ennis, Inc.EBF designs, manufactures, and sells business forms and other business products. The company has a Zacks Rank #1 and a VGM Score of B. Ennis has a dividend yield of 4.41%, while its five-year average dividend yield is pegged at 4.26%. The Zacks Consensus Estimate for its current-year earnings rose 5% in the past 60 days. The stock's expected earnings growth rate for the current year is 13.9%, higher than the Office Supplies industry's projected return of 6.8%. The company has outperformed the broader industry over the last one-year period (+2.0% vs -7.0%).
The Hottest Tech Mega-Trend of All
Last year, it generated $8 billion in global revenues. By 2020, it's predicted to blast through the roof to $47 billion. Famed investor Mark Cuban says it will produce ""the world's first trillionaires,"" but that should still leave plenty of money for regular investors who make the right trades early.
See Zacks' 3 Best Stocks to Play This Trend >>
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American Airlines Group Inc. (AAL): Free Stock Analysis Report
Allison Transmission Holdings, Inc. (ALSN): Get Free Report
AVX Corporation (AVX): Free Stock Analysis Report
CrossAmerica Partners LP (CAPL): Free Stock Analysis Report
Ennis, Inc. (EBF): Free Stock Analysis Report
To read this article on Zacks.com click here.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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AAL operates as a network air carrier. Click to get this free report American Airlines Group Inc. (AAL): Free Stock Analysis Report Allison Transmission Holdings, Inc. (ALSN): Get Free Report AVX Corporation (AVX): Free Stock Analysis Report CrossAmerica Partners LP (CAPL): Free Stock Analysis Report Ennis, Inc. (EBF): Free Stock Analysis Report To read this article on Zacks.com click here. Kudlow further said that U.S. Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin's next visit to China may possibly not result in some of the agreement even being drafted.
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Click to get this free report American Airlines Group Inc. (AAL): Free Stock Analysis Report Allison Transmission Holdings, Inc. (ALSN): Get Free Report AVX Corporation (AVX): Free Stock Analysis Report CrossAmerica Partners LP (CAPL): Free Stock Analysis Report Ennis, Inc. (EBF): Free Stock Analysis Report To read this article on Zacks.com click here. AAL operates as a network air carrier. The stock's expected earnings growth rate for the current year is 30.8%, higher than the Transportation - Airline industry's projected return of 4.8%.
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Click to get this free report American Airlines Group Inc. (AAL): Free Stock Analysis Report Allison Transmission Holdings, Inc. (ALSN): Get Free Report AVX Corporation (AVX): Free Stock Analysis Report CrossAmerica Partners LP (CAPL): Free Stock Analysis Report Ennis, Inc. (EBF): Free Stock Analysis Report To read this article on Zacks.com click here. AAL operates as a network air carrier. The company has a Zacks Rank #2 and a VGM Score of A. Allison Transmission has a dividend yield of 1.24%, while its five-year average dividend yield is pegged at 1.75%.
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AAL operates as a network air carrier. Click to get this free report American Airlines Group Inc. (AAL): Free Stock Analysis Report Allison Transmission Holdings, Inc. (ALSN): Get Free Report AVX Corporation (AVX): Free Stock Analysis Report CrossAmerica Partners LP (CAPL): Free Stock Analysis Report Ennis, Inc. (EBF): Free Stock Analysis Report To read this article on Zacks.com click here. February Could be Cruel: Buy 5 Top Dividend Stocks Now With so many concerns plaguing investors' minds, dividend paying stocks are tempting options at the moment.
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f8bb5e54-2542-4800-a2b0-bc56ea0ed21f
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6661.0
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2019-02-06 00:00:00 UTC
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United to add premium seats on regional and mainline jets
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AAL
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https://www.nasdaq.com/articles/united-add-premium-seats-regional-and-mainline-jets-2019-02-06
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nan
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nan
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By Tracy Rucinski
CHICAGO, Feb 6 () - United Airlines said on Wednesday it was adding 1,600 premium seats to nearly 250 international and domestic aircraft, including the introduction of a first-class cabin on 50 Bombardier Inc regional jets.
The move is part of a push by large U.S. airlines to attract more lucrative premium travelers. Rivals Delta Air Lines Inc and American Airlines Group Inc have also added premium seats, which can fetch at least twice the coach fare.
Under the plan, United will work with Bombardier to use the frame of its current CRJ 70-seat fleet for a new two-cabin, 50-seat configuration with a self-serve beverage and snack station for premium travelers and four storage closets for carry-on bags.
The CRJ 550s will eventually replace United's current 50-seat regional fleet with a model permitted under its pilots' contract, which became amenable in January.
While not generating new orders for cash-strapped Bombardier, United's plan would allow the Canadian plane and train maker to market the new model to other U.S. airlines looking to replace aging regional jets. Bombardier aims to take a decision on its money-losing CRJ regional jet program this year.
On United's mainline fleet, there will be 50 percent more premium seating on its Boeing 767-300ERs and Airbus A319s, and 33 percent more on its A320s. Following the changes, United will have a total of 167 seats on the 767-300ER, 126 seats on the A319 and 150 on the A320.
Andrew Nocella, chief commercial officer for United, told reporters that "in an era where many airlines are adding seats to the aircraft to crowd more passengers onto the plane," United is "doing exactly the opposite."
United said it plans to complete the changes by the end of next year, with the first reconfigured 767 flying between Newark and London.
The new CRJ 550 will be operated by United's regional partner GoJet out of Chicago and Newark, pending a final agreement and government certification.
Nocella said United's overall coach footprint would continue to grow despite the new seating configurations thanks to the introduction of larger aircraft like the Boeing 787 to its fleet.
United Airlines is part of United Continental Holdings Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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By Tracy Rucinski CHICAGO, Feb 6 () - United Airlines said on Wednesday it was adding 1,600 premium seats to nearly 250 international and domestic aircraft, including the introduction of a first-class cabin on 50 Bombardier Inc regional jets. Under the plan, United will work with Bombardier to use the frame of its current CRJ 70-seat fleet for a new two-cabin, 50-seat configuration with a self-serve beverage and snack station for premium travelers and four storage closets for carry-on bags. While not generating new orders for cash-strapped Bombardier, United's plan would allow the Canadian plane and train maker to market the new model to other U.S. airlines looking to replace aging regional jets.
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By Tracy Rucinski CHICAGO, Feb 6 () - United Airlines said on Wednesday it was adding 1,600 premium seats to nearly 250 international and domestic aircraft, including the introduction of a first-class cabin on 50 Bombardier Inc regional jets. Rivals Delta Air Lines Inc and American Airlines Group Inc have also added premium seats, which can fetch at least twice the coach fare. The CRJ 550s will eventually replace United's current 50-seat regional fleet with a model permitted under its pilots' contract, which became amenable in January.
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By Tracy Rucinski CHICAGO, Feb 6 () - United Airlines said on Wednesday it was adding 1,600 premium seats to nearly 250 international and domestic aircraft, including the introduction of a first-class cabin on 50 Bombardier Inc regional jets. Under the plan, United will work with Bombardier to use the frame of its current CRJ 70-seat fleet for a new two-cabin, 50-seat configuration with a self-serve beverage and snack station for premium travelers and four storage closets for carry-on bags. Andrew Nocella, chief commercial officer for United, told reporters that "in an era where many airlines are adding seats to the aircraft to crowd more passengers onto the plane," United is "doing exactly the opposite."
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The CRJ 550s will eventually replace United's current 50-seat regional fleet with a model permitted under its pilots' contract, which became amenable in January. Bombardier aims to take a decision on its money-losing CRJ regional jet program this year. Nocella said United's overall coach footprint would continue to grow despite the new seating configurations thanks to the introduction of larger aircraft like the Boeing 787 to its fleet.
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008e29e6-8177-48e5-806b-68aaf1ee75df
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6662.0
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2019-02-06 00:00:00 UTC
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Has American Airlines Group (AAL) Outpaced Other Transportation Stocks This Year?
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AAL
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https://www.nasdaq.com/articles/has-american-airlines-group-aal-outpaced-other-transportation-stocks-this-year-2019-02-06
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nan
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nan
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Investors focused on the Transportation space have likely heard of American Airlines Group (AAL), but is the stock performing well in comparison to the rest of its sector peers? Let's take a closer look at the stock's year-to-date performance to find out.
American Airlines Group is one of 149 individual stocks in the Transportation sector. Collectively, these companies sit at #1 in the Zacks Sector Rank. The Zacks Sector Rank includes 16 different groups and is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors.
The Zacks Rank is a proven model that highlights a variety of stocks with the right characteristics to outperform the market over the next one to three months. The system emphasizes earnings estimate revisions and favors companies with improving earnings outlooks. AAL is currently sporting a Zacks Rank of #2 (Buy).
Within the past quarter, the Zacks Consensus Estimate for AAL's full-year earnings has moved 16.24% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Based on the latest available data, AAL has gained about 15.01% so far this year. Meanwhile, the Transportation sector has returned an average of 12.22% on a year-to-date basis. As we can see, American Airlines Group is performing better than its sector in the calendar year.
To break things down more, AAL belongs to the Transportation - Airline industry, a group that includes 28 individual companies and currently sits at #9 in the Zacks Industry Rank. Stocks in this group have gained about 11.49% so far this year, so AAL is performing better this group in terms of year-to-date returns.
Going forward, investors interested in Transportation stocks should continue to pay close attention to AAL as it looks to continue its solid performance.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
American Airlines Group Inc. (AAL): Free Stock Analysis Report
To read this article on Zacks.com click here.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Investors focused on the Transportation space have likely heard of American Airlines Group (AAL), but is the stock performing well in comparison to the rest of its sector peers? Within the past quarter, the Zacks Consensus Estimate for AAL's full-year earnings has moved 16.24% higher. AAL is currently sporting a Zacks Rank of #2 (Buy).
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To break things down more, AAL belongs to the Transportation - Airline industry, a group that includes 28 individual companies and currently sits at #9 in the Zacks Industry Rank. Click to get this free report American Airlines Group Inc. (AAL): Free Stock Analysis Report To read this article on Zacks.com click here. Investors focused on the Transportation space have likely heard of American Airlines Group (AAL), but is the stock performing well in comparison to the rest of its sector peers?
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Investors focused on the Transportation space have likely heard of American Airlines Group (AAL), but is the stock performing well in comparison to the rest of its sector peers? To break things down more, AAL belongs to the Transportation - Airline industry, a group that includes 28 individual companies and currently sits at #9 in the Zacks Industry Rank. AAL is currently sporting a Zacks Rank of #2 (Buy).
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Stocks in this group have gained about 11.49% so far this year, so AAL is performing better this group in terms of year-to-date returns. Investors focused on the Transportation space have likely heard of American Airlines Group (AAL), but is the stock performing well in comparison to the rest of its sector peers? AAL is currently sporting a Zacks Rank of #2 (Buy).
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452e6ecd-1cc7-449b-a04a-054e87b34e2e
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6663.0
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2019-02-06 00:00:00 UTC
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Winter storms, U.S. shutdown boost demand for private jets
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AAL
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https://www.nasdaq.com/articles/winter-storms-us-shutdown-boost-demand-private-jets-2019-02-06
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nan
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nan
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By Allison Lampert and Tracy Rucinski
MONTREAL/CHICAGOFeb 6 () - Harsh winter weather and the partial U.S. government shutdown boosted demand for private jets in January, according to three business aviation companies that recently reported an uptick last month in deep-pocketed travelers seeking alternatives to commercial flying.
Business jets fly through regional airports which were less exposed than major hubs to weather-related delays and unpredictable security lines during a 35-day government shutdown that ended on Jan. 25.
"The combination of frigid temperatures and the TSA issues caused during the shutdown had a lot of people calling us in January," said Patrick Gallagher, executive vice president, sales and marketing of NetJets, the world's largest private jet company.
U.S.-based NetJets, owned by Warren Buffett'sBerkshire Hathaway Inc., saw customer flight hours rise more than 9 percent for most of January on an annual basis.
James Elian, president and chief operating officer of Canada's AirSprint, said the private aviation company's daily U.S. flights avoid potential congestion at major hubs where the need to de-ice planes, for example, contributes to delays.
Together, the three largest U.S. airlines American Airlines, Delta Air Lines and United Airlines canceled roughly 11,500 flights in January due to weather or air traffic control issues, similar to combined cancellations in January, 2018.
Private aviation accounts for a tiny fraction of total air travel because the cost of flying private, while varying widely by plane size and company, is out of reach for most passengers.
For example, a one-way flight from Los Angeles to New York would cost around $1,500 in a commercial airline's first-class cabin, said Adam Twidell, chief executive of Private Fly, a digital booking platform for on-demand private jets. He said the same flight would cost around $3,500 to $4,000 per person on a fully-booked business jet with around 10 seats.
Passengers who can afford it will spend more to fly private if it means avoiding lengthy delays, Twidell said. Private Fly, for one, booked a private flight for corporate clients who had been stranded for 10 hours at Boston Logan airport in late January, he said.
"Clients will wait a certain amount of time to try and solve their delays through scheduled airlines, but when they can't wait any longer, the extra cost of private aviation is something they are prepared to pay for."
The views and 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 Allison Lampert and Tracy Rucinski MONTREAL/CHICAGOFeb 6 () - Harsh winter weather and the partial U.S. government shutdown boosted demand for private jets in January, according to three business aviation companies that recently reported an uptick last month in deep-pocketed travelers seeking alternatives to commercial flying. "The combination of frigid temperatures and the TSA issues caused during the shutdown had a lot of people calling us in January," said Patrick Gallagher, executive vice president, sales and marketing of NetJets, the world's largest private jet company. James Elian, president and chief operating officer of Canada's AirSprint, said the private aviation company's daily U.S. flights avoid potential congestion at major hubs where the need to de-ice planes, for example, contributes to delays.
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James Elian, president and chief operating officer of Canada's AirSprint, said the private aviation company's daily U.S. flights avoid potential congestion at major hubs where the need to de-ice planes, for example, contributes to delays. Together, the three largest U.S. airlines American Airlines, Delta Air Lines and United Airlines canceled roughly 11,500 flights in January due to weather or air traffic control issues, similar to combined cancellations in January, 2018. For example, a one-way flight from Los Angeles to New York would cost around $1,500 in a commercial airline's first-class cabin, said Adam Twidell, chief executive of Private Fly, a digital booking platform for on-demand private jets.
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By Allison Lampert and Tracy Rucinski MONTREAL/CHICAGOFeb 6 () - Harsh winter weather and the partial U.S. government shutdown boosted demand for private jets in January, according to three business aviation companies that recently reported an uptick last month in deep-pocketed travelers seeking alternatives to commercial flying. Together, the three largest U.S. airlines American Airlines, Delta Air Lines and United Airlines canceled roughly 11,500 flights in January due to weather or air traffic control issues, similar to combined cancellations in January, 2018. For example, a one-way flight from Los Angeles to New York would cost around $1,500 in a commercial airline's first-class cabin, said Adam Twidell, chief executive of Private Fly, a digital booking platform for on-demand private jets.
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Business jets fly through regional airports which were less exposed than major hubs to weather-related delays and unpredictable security lines during a 35-day government shutdown that ended on Jan. 25. "The combination of frigid temperatures and the TSA issues caused during the shutdown had a lot of people calling us in January," said Patrick Gallagher, executive vice president, sales and marketing of NetJets, the world's largest private jet company. U.S.-based NetJets, owned by Warren Buffett'sBerkshire Hathaway Inc., saw customer flight hours rise more than 9 percent for most of January on an annual basis.
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0ebd83cb-ae4d-4981-a208-04302d0e3389
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6664.0
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2019-02-05 00:00:00 UTC
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South Africa's Amplats sees up to 2-fold jump in FY profit
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AAL
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https://www.nasdaq.com/articles/south-africas-amplats-sees-2-fold-jump-fy-profit-2019-02-05
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nan
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nan
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JOHANNESBURG, Feb 5 (Reuters) - World's No.1 platinum miner Anglo American Platinum said on Tuesday its expects an up to two-fold rise in annual profit, helped by higher prices and improved operational performance.
The South African company said its headline earnings were likely to jump by between 83 percent and 103 percent, or 2,715 cents and 3,010 cents per share.
Headline EPS is the main profit measure in South Africa that strips out certain one-off items.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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JOHANNESBURG, Feb 5 (Reuters) - World's No.1 platinum miner Anglo American Platinum said on Tuesday its expects an up to two-fold rise in annual profit, helped by higher prices and improved operational performance. The South African company said its headline earnings were likely to jump by between 83 percent and 103 percent, or 2,715 cents and 3,010 cents per share. Headline EPS is the main profit measure in South Africa that strips out certain one-off items.
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The South African company said its headline earnings were likely to jump by between 83 percent and 103 percent, or 2,715 cents and 3,010 cents per share. Headline EPS is the main profit measure in South Africa that strips out certain one-off items. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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JOHANNESBURG, Feb 5 (Reuters) - World's No.1 platinum miner Anglo American Platinum said on Tuesday its expects an up to two-fold rise in annual profit, helped by higher prices and improved operational performance. The South African company said its headline earnings were likely to jump by between 83 percent and 103 percent, or 2,715 cents and 3,010 cents per share. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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JOHANNESBURG, Feb 5 (Reuters) - World's No.1 platinum miner Anglo American Platinum said on Tuesday its expects an up to two-fold rise in annual profit, helped by higher prices and improved operational performance. The South African company said its headline earnings were likely to jump by between 83 percent and 103 percent, or 2,715 cents and 3,010 cents per share. Headline EPS is the main profit measure in South Africa that strips out certain one-off items.
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aa1b000e-c71a-4e9d-afc5-71df07a74965
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6665.0
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2019-02-04 00:00:00 UTC
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UK Stocks-Factors to watch on Feb. 4
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AAL
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https://www.nasdaq.com/articles/uk-stocks-factors-watch-feb-4-2019-02-04
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nan
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nan
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(Adds Ferrexpo, updates Indivior blurb)
Feb 4 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening 1 pointhigher at 7,021 on Monday, according to financial bookmakers, with FTSE 100futures .FFIc1 down 0.08 percent ahead of the cash market open.
* FERREXPO: Iron ore pellet producer Ferrexpo Plc FXPO.L on Monday forecast2018 core earnings below last year and said an ongoing review of statements of acharitable foundation in Ukraine to which it made donations may affect itsbooks.
* INDIVIOR: Drugmaker Indivior Plc INDV.L said on Monday it is selling itsrights related to the opioid addiction treatment drug Sai Bo Song tablet inChina to privately-held Zhejiang Pukang Biotechnology Co. Ltd, which focuses onvaccines, for up to $122.5 million.
* FLYBE: Flybe Group PlcFLYB.L said it would call a general meeting toconsider a request by its largest shareholder that it replace Chairman SimonLaffin.
* GLENCORE: Global trader Glencore is close to finalising a deal to make a$500 million payment to the mining arm of Brazil's Companhia SiderurgicaNacional (CSN) for iron ore cargoes to be delivered over five years, sourcesfamiliar with the matter said.
* ANGLO AMERICAN: Indian miner Vedanta LtdVDAN.NS said on Monday that itsforeign unit Cairn India Holdings Limited's investment in Anglo American PlcAAL.L met all governance requirements.
* FLYBE/STOBART GROUP: British airline FlybeFLYB.L , which is being boughtby a consortium of Virgin Atlantic, Stobart GroupSTOB.L and Cyrus Capital,said on Sunday it had been approached by Stobart's ex CEO Andrew Tinkler about apossible alternative financing proposal.
* GOLD: Gold prices dipped slightly on Monday as the dollar held steady onupbeat U.S. jobs and factory data that prompted markets to reduce bets on a ratecut later this year.
* OIL: Crude oil prices edged lower on Monday after sharp gains during theprevious session but were supported by expectations of shrinking supply andsigns that China-U.S. trade tensions could ease.
* The UK blue chip index closed 0.74 percent up at 7020.22 on Friday, assigns the United States and China could soon settle their protracted tradedispute offset disappointing data from China, while TalkTalk sank after warningrising costs would hit its earnings.
* For more on the factors affecting European stocks, please click on: LIVE/
TODAY'S UK PAPERS
> Financial TimesPRESS/FT
> Other business headlines PRESS/GB Multimedia versions of Reuters Top News are now available for: * 3000 Xtra : visit http://topnews.session.rservices.com * For Top News : http://topnews.reuters.com (Reporting by Adil Bhat in Bengaluru) ((adilbhat@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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* ANGLO AMERICAN: Indian miner Vedanta LtdVDAN.NS said on Monday that itsforeign unit Cairn India Holdings Limited's investment in Anglo American PlcAAL.L met all governance requirements. * INDIVIOR: Drugmaker Indivior Plc INDV.L said on Monday it is selling itsrights related to the opioid addiction treatment drug Sai Bo Song tablet inChina to privately-held Zhejiang Pukang Biotechnology Co. Ltd, which focuses onvaccines, for up to $122.5 million. * The UK blue chip index closed 0.74 percent up at 7020.22 on Friday, assigns the United States and China could soon settle their protracted tradedispute offset disappointing data from China, while TalkTalk sank after warningrising costs would hit its earnings.
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* ANGLO AMERICAN: Indian miner Vedanta LtdVDAN.NS said on Monday that itsforeign unit Cairn India Holdings Limited's investment in Anglo American PlcAAL.L met all governance requirements. (Adds Ferrexpo, updates Indivior blurb) Feb 4 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening 1 pointhigher at 7,021 on Monday, according to financial bookmakers, with FTSE 100futures .FFIc1 down 0.08 percent ahead of the cash market open. * FERREXPO: Iron ore pellet producer Ferrexpo Plc FXPO.L on Monday forecast2018 core earnings below last year and said an ongoing review of statements of acharitable foundation in Ukraine to which it made donations may affect itsbooks.
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* ANGLO AMERICAN: Indian miner Vedanta LtdVDAN.NS said on Monday that itsforeign unit Cairn India Holdings Limited's investment in Anglo American PlcAAL.L met all governance requirements. (Adds Ferrexpo, updates Indivior blurb) Feb 4 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening 1 pointhigher at 7,021 on Monday, according to financial bookmakers, with FTSE 100futures .FFIc1 down 0.08 percent ahead of the cash market open. * FERREXPO: Iron ore pellet producer Ferrexpo Plc FXPO.L on Monday forecast2018 core earnings below last year and said an ongoing review of statements of acharitable foundation in Ukraine to which it made donations may affect itsbooks.
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* ANGLO AMERICAN: Indian miner Vedanta LtdVDAN.NS said on Monday that itsforeign unit Cairn India Holdings Limited's investment in Anglo American PlcAAL.L met all governance requirements. (Adds Ferrexpo, updates Indivior blurb) Feb 4 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening 1 pointhigher at 7,021 on Monday, according to financial bookmakers, with FTSE 100futures .FFIc1 down 0.08 percent ahead of the cash market open. * FERREXPO: Iron ore pellet producer Ferrexpo Plc FXPO.L on Monday forecast2018 core earnings below last year and said an ongoing review of statements of acharitable foundation in Ukraine to which it made donations may affect itsbooks.
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17c72807-a943-49ba-8635-6b1e590c68b4
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6666.0
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2019-02-04 00:00:00 UTC
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American Airlines Group, Inc. (AAL) Ex-Dividend Date Scheduled for February 05, 2019
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AAL
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https://www.nasdaq.com/articles/american-airlines-group-inc-aal-ex-dividend-date-scheduled-february-05-2019-2019-02-04
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nan
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nan
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American Airlines Group, Inc. ( AAL ) will begin trading ex-dividend on February 05, 2019. A cash dividend payment of $0.1 per share is scheduled to be paid on February 20, 2019. Shareholders who purchased AAL prior to the ex-dividend date are eligible for the cash dividend payment. This marks the 19th quarter that AAL has paid the same dividend.
The previous trading day's last sale of AAL was $36.11, representing a -37.13% decrease from the 52 week high of $57.44 and a 25.34% increase over the 52 week low of $28.81.
AAL is a part of the Transportation sector, which includes companies such as FedEx Corporation ( FDX ) and Delta Air Lines, Inc. ( DAL ). AAL's current earnings per share, an indicator of a company's profitability, is $3.04. Zacks Investment Research reports AAL's forecasted earnings growth in 2019 as 32.38%, compared to an industry average of 3.6%.
For more information on the declaration, record and payment dates, visit the AAL Dividend History page. Our Dividend Calendar has the full list of stocks that have an ex-dividend today.
Interested in gaining exposure to AAL through an Exchange Traded Fund [ETF]?
The following ETF(s) have AAL as a top-10 holding:
U.S. Global Jets ETF ( JETS )
Direxion Daily Transportation Bull 3X Shares ( TPOR ).
The top-performing ETF of this group is JETS with an decrease of -3.24% over the last 100 days. It also has the highest percent weighting of AAL at 12.25%.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Shareholders who purchased AAL prior to the ex-dividend date are eligible for the cash dividend payment. AAL is a part of the Transportation sector, which includes companies such as FedEx Corporation ( FDX ) and Delta Air Lines, Inc. ( DAL ). Zacks Investment Research reports AAL's forecasted earnings growth in 2019 as 32.38%, compared to an industry average of 3.6%.
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American Airlines Group, Inc. ( AAL ) will begin trading ex-dividend on February 05, 2019. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. Shareholders who purchased AAL prior to the ex-dividend date are eligible for the cash dividend payment.
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Shareholders who purchased AAL prior to the ex-dividend date are eligible for the cash dividend payment. The previous trading day's last sale of AAL was $36.11, representing a -37.13% decrease from the 52 week high of $57.44 and a 25.34% increase over the 52 week low of $28.81. For more information on the declaration, record and payment dates, visit the AAL Dividend History page.
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Shareholders who purchased AAL prior to the ex-dividend date are eligible for the cash dividend payment. American Airlines Group, Inc. ( AAL ) will begin trading ex-dividend on February 05, 2019. This marks the 19th quarter that AAL has paid the same dividend.
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f9acd479-1beb-4ec0-84a0-618d17d1c431
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6667.0
|
2019-02-04 00:00:00 UTC
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Notable Monday Option Activity: THS, AAL, TRTN
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AAL
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https://www.nasdaq.com/articles/notable-monday-option-activity-ths-aal-trtn-2019-02-04
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nan
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nan
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Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume today in TreeHouse Foods Inc (Symbol: THS), where a total of 7,229 contracts have traded so far, representing approximately 722,900 underlying shares. That amounts to about 103.4% of THS's average daily trading volume over the past month of 699,105 shares. Particularly high volume was seen for the $60 strike call option expiring February 15, 2019 , with 5,056 contracts trading so far today, representing approximately 505,600 underlying shares of THS. Below is a chart showing THS's trailing twelve month trading history, with the $60 strike highlighted in orange:
American Airlines Group Inc (Symbol: AAL) options are showing a volume of 92,743 contracts thus far today. That number of contracts represents approximately 9.3 million underlying shares, working out to a sizeable 94% of AAL's average daily trading volume over the past month, of 9.9 million shares. Particularly high volume was seen for the $37 strike call option expiring March 15, 2019 , with 37,976 contracts trading so far today, representing approximately 3.8 million underlying shares of AAL. Below is a chart showing AAL's trailing twelve month trading history, with the $37 strike highlighted in orange:
And Triton International Ltd (Symbol: TRTN) options are showing a volume of 3,350 contracts thus far today. That number of contracts represents approximately 335,000 underlying shares, working out to a sizeable 93.2% of TRTN's average daily trading volume over the past month, of 359,360 shares. Especially high volume was seen for the $35 strike call option expiring March 15, 2019 , with 1,371 contracts trading so far today, representing approximately 137,100 underlying shares of TRTN. Below is a chart showing TRTN's trailing twelve month trading history, with the $35 strike highlighted in orange:
For the various different available expirations for THS options , AAL options , or TRTN options , visit StockOptionsChannel.com.
Today's Most Active Call & Put Options of the S&P 500 »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Particularly high volume was seen for the $37 strike call option expiring March 15, 2019 , with 37,976 contracts trading so far today, representing approximately 3.8 million underlying shares of AAL. Below is a chart showing THS's trailing twelve month trading history, with the $60 strike highlighted in orange: American Airlines Group Inc (Symbol: AAL) options are showing a volume of 92,743 contracts thus far today. That number of contracts represents approximately 9.3 million underlying shares, working out to a sizeable 94% of AAL's average daily trading volume over the past month, of 9.9 million shares.
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That number of contracts represents approximately 9.3 million underlying shares, working out to a sizeable 94% of AAL's average daily trading volume over the past month, of 9.9 million shares. Particularly high volume was seen for the $37 strike call option expiring March 15, 2019 , with 37,976 contracts trading so far today, representing approximately 3.8 million underlying shares of AAL. Below is a chart showing THS's trailing twelve month trading history, with the $60 strike highlighted in orange: American Airlines Group Inc (Symbol: AAL) options are showing a volume of 92,743 contracts thus far today.
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Particularly high volume was seen for the $37 strike call option expiring March 15, 2019 , with 37,976 contracts trading so far today, representing approximately 3.8 million underlying shares of AAL. Below is a chart showing THS's trailing twelve month trading history, with the $60 strike highlighted in orange: American Airlines Group Inc (Symbol: AAL) options are showing a volume of 92,743 contracts thus far today. That number of contracts represents approximately 9.3 million underlying shares, working out to a sizeable 94% of AAL's average daily trading volume over the past month, of 9.9 million shares.
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Below is a chart showing TRTN's trailing twelve month trading history, with the $35 strike highlighted in orange: For the various different available expirations for THS options , AAL options , or TRTN options , visit StockOptionsChannel.com. Below is a chart showing THS's trailing twelve month trading history, with the $60 strike highlighted in orange: American Airlines Group Inc (Symbol: AAL) options are showing a volume of 92,743 contracts thus far today. That number of contracts represents approximately 9.3 million underlying shares, working out to a sizeable 94% of AAL's average daily trading volume over the past month, of 9.9 million shares.
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22991823-b38c-4dda-8f53-3bbe416e7c95
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6668.0
|
2019-02-03 00:00:00 UTC
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India's Vedanta says Anglo American stake buy meets governance requirements
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AAL
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https://www.nasdaq.com/articles/indias-vedanta-says-anglo-american-stake-buy-meets-governance-requirements-2019-02-03
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nan
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nan
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Feb 4 - Indian miner Vedanta Ltd on Monday that its foreign unit Cairn India Holdings Limited's investment in Anglo American Plc met all governance requirements (graphic).
Vedanta's statement comes days after its shares plunged on Friday, as investors were skeptical of the merits of the investment and questioned the potential returns.
The miner said on Thursday that Cairn India had paid $200 million to buy a stake in Anglo American from its parent Volcan Investments Ltd as part of its "cash management activities".
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Feb 4 - Indian miner Vedanta Ltd on Monday that its foreign unit Cairn India Holdings Limited's investment in Anglo American Plc met all governance requirements (graphic). Vedanta's statement comes days after its shares plunged on Friday, as investors were skeptical of the merits of the investment and questioned the potential returns. The miner said on Thursday that Cairn India had paid $200 million to buy a stake in Anglo American from its parent Volcan Investments Ltd as part of its "cash management activities".
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Feb 4 - Indian miner Vedanta Ltd on Monday that its foreign unit Cairn India Holdings Limited's investment in Anglo American Plc met all governance requirements (graphic). The miner said on Thursday that Cairn India had paid $200 million to buy a stake in Anglo American from its parent Volcan Investments Ltd as part of its "cash management activities". The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Feb 4 - Indian miner Vedanta Ltd on Monday that its foreign unit Cairn India Holdings Limited's investment in Anglo American Plc met all governance requirements (graphic). The miner said on Thursday that Cairn India had paid $200 million to buy a stake in Anglo American from its parent Volcan Investments Ltd as part of its "cash management activities". The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Feb 4 - Indian miner Vedanta Ltd on Monday that its foreign unit Cairn India Holdings Limited's investment in Anglo American Plc met all governance requirements (graphic). Vedanta's statement comes days after its shares plunged on Friday, as investors were skeptical of the merits of the investment and questioned the potential returns. The miner said on Thursday that Cairn India had paid $200 million to buy a stake in Anglo American from its parent Volcan Investments Ltd as part of its "cash management activities".
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bfa21c3a-082d-417d-832c-31c56a34bbf1
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6669.0
|
2019-02-01 00:00:00 UTC
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Board of South African state pension fund resigns as scandal deepens
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AAL
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https://www.nasdaq.com/articles/board-south-african-state-pension-fund-resigns-scandal-deepens-2019-02-01
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nan
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nan
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By Tiisetso Motsoeneng and Olivia Kumwenda-Mtambo
JOHANNESBURG, Feb 1 (Reuters) - The board of South Africa's state-owned state pension fund resigned on Friday, citing destabilising allegations of wrongdoing against four directors, as the crisis at the biggest investor in Africa's most industrialised economy deepens.
The Public Investment Corporation(PIC), which has around 2 trillion rand ($150 billion) of civil servant pensions under management, is facing a judicial inquiry into corporate governance after an opposition party alleged that former chief executive Dan Matjila had misused funds and made careless investment decisions.
Matjila and Gungubele have denied any wrongdoing. More could not be reached for comment.
The board said the allegations were "unbearable to us as individuals" in a letter addressed to Finance Minister Tito Mboweni asking him to release them from their positions.
"Our assessment is that this may not be the end," the letter signed by nine directors said. "There is clearly a concerted effort to discredit the board of directors to an extent that there cannot be any credibility to the work that is executed in fulfilling its fiduciary responsibilities."
South African National Treasury spokesman Jabulani Sikhakhane said Mboweni has already started the process of appointing a temporary board.
"Hopefully the interim board will be announced some time next week," Sikhakhane said.
NEW BLOOD
The current board has offered to continue to work for the fund manager until Mboweni appoints a new board, and said they hoped that would be done on an urgent basis.
Their resignation gives President Cyril Ramaphosa's administration an opportunity to inject fresh blood in yet another state-owned company with questionable track record of corporate governance.
Last week, the PIC said it had suspended its executive head of listed investments and an assistant portfolio manager over a 2017 investment in Ayo Technology Solutions, which is listed on the Johannesburg Stock Exchange.
The fund said the two were suspended for flouting governance rules in relation to the investment.
The suspensions were followed by three resignations from Ayo Technology Solutions' board. Reuters has not been able to reach the suspended PIC officials or the Ayo executives for comment.
The technology firm's share price is down more than 50 percent since it listed on the JSE in 2017, meaning that the PIC's investment had halved.
Matjila had said last year that the Ayo Technology Solutions deal was a "great investment" that would take time to pay off.
The PIC is the biggest investor in South Africa's economy, holding a large volume of bonds issued by government and state-owned firms, as well as stakes in blue-chip companies such as miner Anglo American, lender Absa
($1 = 13.3553 rand)
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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South African National Treasury spokesman Jabulani Sikhakhane said Mboweni has already started the process of appointing a temporary board. Their resignation gives President Cyril Ramaphosa's administration an opportunity to inject fresh blood in yet another state-owned company with questionable track record of corporate governance. The PIC is the biggest investor in South Africa's economy, holding a large volume of bonds issued by government and state-owned firms, as well as stakes in blue-chip companies such as miner Anglo American, lender Absa ($1 = 13.3553 rand) The views and 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 Tiisetso Motsoeneng and Olivia Kumwenda-Mtambo JOHANNESBURG, Feb 1 (Reuters) - The board of South Africa's state-owned state pension fund resigned on Friday, citing destabilising allegations of wrongdoing against four directors, as the crisis at the biggest investor in Africa's most industrialised economy deepens. The suspensions were followed by three resignations from Ayo Technology Solutions' board. The PIC is the biggest investor in South Africa's economy, holding a large volume of bonds issued by government and state-owned firms, as well as stakes in blue-chip companies such as miner Anglo American, lender Absa ($1 = 13.3553 rand) The views and 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 Tiisetso Motsoeneng and Olivia Kumwenda-Mtambo JOHANNESBURG, Feb 1 (Reuters) - The board of South Africa's state-owned state pension fund resigned on Friday, citing destabilising allegations of wrongdoing against four directors, as the crisis at the biggest investor in Africa's most industrialised economy deepens. The Public Investment Corporation(PIC), which has around 2 trillion rand ($150 billion) of civil servant pensions under management, is facing a judicial inquiry into corporate governance after an opposition party alleged that former chief executive Dan Matjila had misused funds and made careless investment decisions. Last week, the PIC said it had suspended its executive head of listed investments and an assistant portfolio manager over a 2017 investment in Ayo Technology Solutions, which is listed on the Johannesburg Stock Exchange.
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South African National Treasury spokesman Jabulani Sikhakhane said Mboweni has already started the process of appointing a temporary board. Last week, the PIC said it had suspended its executive head of listed investments and an assistant portfolio manager over a 2017 investment in Ayo Technology Solutions, which is listed on the Johannesburg Stock Exchange. Matjila had said last year that the Ayo Technology Solutions deal was a "great investment" that would take time to pay off.
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612aa846-04f0-4d6b-96fc-a708c8fa08b0
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6670.0
|
2019-02-01 00:00:00 UTC
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Reminder - American Airlines Group (AAL) Goes Ex-Dividend Soon
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AAL
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https://www.nasdaq.com/articles/reminder-american-airlines-group-aal-goes-ex-dividend-soon-2019-02-01
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nan
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nan
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Looking at the universe of stocks we cover at Dividend Channel , on 2/5/19, American Airlines Group Inc (Symbol: AAL) will trade ex-dividend, for its quarterly dividend of $0.10, payable on 2/20/19. As a percentage of AAL's recent stock price of $36.15, this dividend works out to approximately 0.28%.
In general, dividends are not always predictable; but looking at the history above can help in judging whether the most recent dividend from AAL is likely to continue, and whether the current estimated yield of 1.11% on annualized basis is a reasonable expectation of annual yield going forward. The chart below shows the one year performance of AAL shares, versus its 200 day moving average:
Looking at the chart above, AAL's low point in its 52 week range is $28.81 per share, with $57.44 as the 52 week high point - that compares with a last trade of $36.24.
In Friday trading, American Airlines Group Inc shares are currently up about 1.1% on the day.
Click here to learn which 25 S.A.F.E. dividend stocks should be on your radar screen »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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In general, dividends are not always predictable; but looking at the history above can help in judging whether the most recent dividend from AAL is likely to continue, and whether the current estimated yield of 1.11% on annualized basis is a reasonable expectation of annual yield going forward. The chart below shows the one year performance of AAL shares, versus its 200 day moving average: Looking at the chart above, AAL's low point in its 52 week range is $28.81 per share, with $57.44 as the 52 week high point - that compares with a last trade of $36.24. Looking at the universe of stocks we cover at Dividend Channel , on 2/5/19, American Airlines Group Inc (Symbol: AAL) will trade ex-dividend, for its quarterly dividend of $0.10, payable on 2/20/19.
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Looking at the universe of stocks we cover at Dividend Channel , on 2/5/19, American Airlines Group Inc (Symbol: AAL) will trade ex-dividend, for its quarterly dividend of $0.10, payable on 2/20/19. As a percentage of AAL's recent stock price of $36.15, this dividend works out to approximately 0.28%. In general, dividends are not always predictable; but looking at the history above can help in judging whether the most recent dividend from AAL is likely to continue, and whether the current estimated yield of 1.11% on annualized basis is a reasonable expectation of annual yield going forward.
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Looking at the universe of stocks we cover at Dividend Channel , on 2/5/19, American Airlines Group Inc (Symbol: AAL) will trade ex-dividend, for its quarterly dividend of $0.10, payable on 2/20/19. The chart below shows the one year performance of AAL shares, versus its 200 day moving average: Looking at the chart above, AAL's low point in its 52 week range is $28.81 per share, with $57.44 as the 52 week high point - that compares with a last trade of $36.24. As a percentage of AAL's recent stock price of $36.15, this dividend works out to approximately 0.28%.
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As a percentage of AAL's recent stock price of $36.15, this dividend works out to approximately 0.28%. In general, dividends are not always predictable; but looking at the history above can help in judging whether the most recent dividend from AAL is likely to continue, and whether the current estimated yield of 1.11% on annualized basis is a reasonable expectation of annual yield going forward. Looking at the universe of stocks we cover at Dividend Channel , on 2/5/19, American Airlines Group Inc (Symbol: AAL) will trade ex-dividend, for its quarterly dividend of $0.10, payable on 2/20/19.
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7513bb7d-89cf-406d-86d3-c0416f87c7b2
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6671.0
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2019-02-01 00:00:00 UTC
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India's Vedanta shares slump after Anglo American stake purchase
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AAL
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https://www.nasdaq.com/articles/indias-vedanta-shares-slump-after-anglo-american-stake-purchase-2019-02-01
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nan
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nan
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By Chandini Monnappa
Feb 1 () - Shares of Indian miner Vedanta Ltd closed at their lowest in nearly 2-1/2 years on Friday, hit by concerns over an investment in African miner Anglo American Plc .
Vedanta on Thursday its foreign subsidiary Cairn India Holdings Ltd had paid $200 million to buy a stake in Anglo American from its parent Volcan Investments Ltd as part of its "cash management activities" (graphic).
Analysts said they were sceptical of the merits of the investment and questioned the potential returns, which depend on Anglo American's stock price.
"While there is some downside protection for Vedanta in specific scenarios (not clarified by the management), returns are not guaranteed," Morgan Stanley said.
In September last year, Vedanta Resources' Chairman Anil Agarwal's decision to take the London-listed miner private was seen by some as a prelude to a potentially broader deal with bigger miner Anglo American.
Kotak's analysts in a note said that while Vedanta stated the investment is to earn higher returns, they fail to see merit in the arrangement.
Industrial metals prices are set for their biggest annual fall in years after signs of slowing growth in China's commodities-hungry economy and a U.S.-China trade war, potentially affecting global mining firms.
Vedanta on Thursday reported a 21.1 percent decline in third-quarter profit that still beat estimates. The stock slumped as much as 19.86 percent on Friday, it's biggest intraday fall since October 2008.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Vedanta on Thursday its foreign subsidiary Cairn India Holdings Ltd had paid $200 million to buy a stake in Anglo American from its parent Volcan Investments Ltd as part of its "cash management activities" (graphic). Kotak's analysts in a note said that while Vedanta stated the investment is to earn higher returns, they fail to see merit in the arrangement. Industrial metals prices are set for their biggest annual fall in years after signs of slowing growth in China's commodities-hungry economy and a U.S.-China trade war, potentially affecting global mining firms.
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By Chandini Monnappa Feb 1 () - Shares of Indian miner Vedanta Ltd closed at their lowest in nearly 2-1/2 years on Friday, hit by concerns over an investment in African miner Anglo American Plc . Analysts said they were sceptical of the merits of the investment and questioned the potential returns, which depend on Anglo American's stock price. In September last year, Vedanta Resources' Chairman Anil Agarwal's decision to take the London-listed miner private was seen by some as a prelude to a potentially broader deal with bigger miner Anglo American.
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By Chandini Monnappa Feb 1 () - Shares of Indian miner Vedanta Ltd closed at their lowest in nearly 2-1/2 years on Friday, hit by concerns over an investment in African miner Anglo American Plc . Vedanta on Thursday its foreign subsidiary Cairn India Holdings Ltd had paid $200 million to buy a stake in Anglo American from its parent Volcan Investments Ltd as part of its "cash management activities" (graphic). In September last year, Vedanta Resources' Chairman Anil Agarwal's decision to take the London-listed miner private was seen by some as a prelude to a potentially broader deal with bigger miner Anglo American.
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By Chandini Monnappa Feb 1 () - Shares of Indian miner Vedanta Ltd closed at their lowest in nearly 2-1/2 years on Friday, hit by concerns over an investment in African miner Anglo American Plc . Vedanta on Thursday its foreign subsidiary Cairn India Holdings Ltd had paid $200 million to buy a stake in Anglo American from its parent Volcan Investments Ltd as part of its "cash management activities" (graphic). Analysts said they were sceptical of the merits of the investment and questioned the potential returns, which depend on Anglo American's stock price.
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8e48be2f-8da3-4b91-b37d-1d3c98addfe3
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6672.0
|
2019-02-01 00:00:00 UTC
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India's Vedanta sinks 20 pct to 2-1/2-year low
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AAL
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https://www.nasdaq.com/articles/indias-vedanta-sinks-20-pct-2-12-year-low-2019-02-01
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nan
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nan
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By Chandini Monnappa
Feb 1 () - Shares of India'sVedanta Ltd slumped to a two-and-a-half-year low on Friday after analysts expressed concerns over an investment by a unit of the company in African miner Anglo American.
Vedanta on Thursday its foreign unit Cairn India Holdings Ltd had paid $200 million to buy a stake in Anglo American from Volcan Investments Ltd, the miner's parent company, as a part of its "cash management activities" (graphic).
"While there is some downside protection for Vedanta in specific scenarios (not clarified by the management), returns are not guaranteed," Morgan Stanley said.
The stock slumped as much as 19.86 percent on Friday, the largest intraday fall since October 2008. More than 74 million shares - 7.4 times its 30-day average - had changed hands by early afternoon, making it the most-heavily traded security on the NSE index.
Industry players too have speculated that Agarwal, who controls about a fifth of Anglo American, wants some form of a tie-up with the global miner.
In September last year, Vedanta Resources' Chairman Anil Agarwal's decision to take the London-listed miner private was seen by some as a prelude to a potentially broader deal with bigger miner Anglo American.
Kotak's analysts in a note said that while Vedanta stated the investment is to earn higher returns, they fail to see merit in the arrangement.
Industrial metals prices are set for their biggest annual fall in years after signs of slowing growth in China's commodities-hungry economy and a U.S.-China trade war, potentially affecting global mining firms.
Vedanta on Thursday posted a 21.1 percent decline in third-quarter profit that still beat estimates.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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By Chandini Monnappa Feb 1 () - Shares of India'sVedanta Ltd slumped to a two-and-a-half-year low on Friday after analysts expressed concerns over an investment by a unit of the company in African miner Anglo American. Vedanta on Thursday its foreign unit Cairn India Holdings Ltd had paid $200 million to buy a stake in Anglo American from Volcan Investments Ltd, the miner's parent company, as a part of its "cash management activities" (graphic). Industrial metals prices are set for their biggest annual fall in years after signs of slowing growth in China's commodities-hungry economy and a U.S.-China trade war, potentially affecting global mining firms.
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By Chandini Monnappa Feb 1 () - Shares of India'sVedanta Ltd slumped to a two-and-a-half-year low on Friday after analysts expressed concerns over an investment by a unit of the company in African miner Anglo American. Vedanta on Thursday its foreign unit Cairn India Holdings Ltd had paid $200 million to buy a stake in Anglo American from Volcan Investments Ltd, the miner's parent company, as a part of its "cash management activities" (graphic). In September last year, Vedanta Resources' Chairman Anil Agarwal's decision to take the London-listed miner private was seen by some as a prelude to a potentially broader deal with bigger miner Anglo American.
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By Chandini Monnappa Feb 1 () - Shares of India'sVedanta Ltd slumped to a two-and-a-half-year low on Friday after analysts expressed concerns over an investment by a unit of the company in African miner Anglo American. Vedanta on Thursday its foreign unit Cairn India Holdings Ltd had paid $200 million to buy a stake in Anglo American from Volcan Investments Ltd, the miner's parent company, as a part of its "cash management activities" (graphic). In September last year, Vedanta Resources' Chairman Anil Agarwal's decision to take the London-listed miner private was seen by some as a prelude to a potentially broader deal with bigger miner Anglo American.
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By Chandini Monnappa Feb 1 () - Shares of India'sVedanta Ltd slumped to a two-and-a-half-year low on Friday after analysts expressed concerns over an investment by a unit of the company in African miner Anglo American. "While there is some downside protection for Vedanta in specific scenarios (not clarified by the management), returns are not guaranteed," Morgan Stanley said. More than 74 million shares - 7.4 times its 30-day average - had changed hands by early afternoon, making it the most-heavily traded security on the NSE index.
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87c5a0b6-bb0c-4d1f-8a31-beed3f9995db
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6673.0
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2019-01-31 00:00:00 UTC
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India's Vedanta slumps 20 pct on worries about Cairn India investment
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AAL
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https://www.nasdaq.com/articles/indias-vedanta-slumps-20-pct-worries-about-cairn-india-investment-2019-01-31
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nan
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nan
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Feb 1 () - Shares of Indian miner Vedanta Ltd slumped about 20 percent on Friday to a 30-month low in heavy trade, on concerns about one of its transactions in the third quarter.
More than 45 million shares changed hands in the 30 minutes of trading, making them the most heavily traded stock on the NSE index.
Vedanta on Thursday its foreign unit Cairn India Holdings Ltd had paid a part sum of $200 million to buy a stake in Anglo American PLC from Volcan Investments Ltd(graphic).
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Feb 1 () - Shares of Indian miner Vedanta Ltd slumped about 20 percent on Friday to a 30-month low in heavy trade, on concerns about one of its transactions in the third quarter. More than 45 million shares changed hands in the 30 minutes of trading, making them the most heavily traded stock on the NSE index. Vedanta on Thursday its foreign unit Cairn India Holdings Ltd had paid a part sum of $200 million to buy a stake in Anglo American PLC from Volcan Investments Ltd(graphic).
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Feb 1 () - Shares of Indian miner Vedanta Ltd slumped about 20 percent on Friday to a 30-month low in heavy trade, on concerns about one of its transactions in the third quarter. More than 45 million shares changed hands in the 30 minutes of trading, making them the most heavily traded stock on the NSE index. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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More than 45 million shares changed hands in the 30 minutes of trading, making them the most heavily traded stock on the NSE index. Vedanta on Thursday its foreign unit Cairn India Holdings Ltd had paid a part sum of $200 million to buy a stake in Anglo American PLC from Volcan Investments Ltd(graphic). The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Feb 1 () - Shares of Indian miner Vedanta Ltd slumped about 20 percent on Friday to a 30-month low in heavy trade, on concerns about one of its transactions in the third quarter. More than 45 million shares changed hands in the 30 minutes of trading, making them the most heavily traded stock on the NSE index. Vedanta on Thursday its foreign unit Cairn India Holdings Ltd had paid a part sum of $200 million to buy a stake in Anglo American PLC from Volcan Investments Ltd(graphic).
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891b2c4a-71f2-4eec-ac34-3f12c8dea708
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6674.0
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2019-01-30 00:00:00 UTC
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Sterling slide, oil majors lift FTSE 100 after parliament votes on Brexit
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AAL
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https://www.nasdaq.com/articles/sterling-slide-oil-majors-lift-ftse-100-after-parliament-votes-brexit-2019-01-30
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nan
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nan
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* FTSE 100 jumps 1.6 pct on sterling slide
* FTSE 250 up 0.7 pct
* LVMH results boost Burberry
* Oil majors lift FTSE 100
* Metro Bank hits new record low (Adds milestones, updates to closing prices)
By Josephine Mason and Muvija M
LONDON, Jan 30 (Reuters) - Britain's blue-chip index jumpedon Wednesday after a sharp fall in sterling overnight whenBritish lawmakers voted down a proposal in parliament that aimedto prevent a potentially chaotic "no-deal" Brexit.
The exporter-heavy FTSE 100 .FTSE surged 1.6 percent,extending its more than 1 percent rally on Tuesday ahead of thevote, while the FTSE 250 .FTMC , which is more domesticallyfocused, climbed 0.7 percent.
All the sectors in the main index ended the day in positiveterritory as the FTSE 100 is often boosted by a weaker domesticcurrency because its multinational companies earn a big portionof their revenue abroad in foreign currency.
Dollar earners British American TobaccoBATS.L ,GlaxoSmithKline GSK.L , DiageoDGE.L , Imperial BrandsIMB.L all advanced.
Combined with gains in oil majors Shell and BP RDSa.LBP.L on higher crude prices, that helped the FTSE 100outperform European peers where caution dominated ahead ofU.S.-China trade talks and the Federal Reserve's policyguidance.
The mid-caps were on course for their strongest month infive and a half years and the FTSE 100 was on track for itsbiggest monthly gain since last April.
Luxury goods maker BurberryBRBY.L also climbed 3 percentafter Paris-listed rival LVMH's LVMH.PA strong results liftedsome of the gloom around the luxury sector.
Britain's parliament rejected a proposal to give parliamenta path to prevent a potentially chaotic "no-deal" exit, butaccepted two amendments - one seeking to replace the Irishbackstop with alternative arrangements, and another rejectingthe notion of a "no-deal" Brexit.
Following the vote, Goldman Sachs nudged up its estimatedprobability of a "no-deal" Brexit to 15 percent from 10 percent.
"The vote is not fundamentally changing the way the market'stalking about Brexit," said Hetal Mehta, Legal & GeneralInvestment Management senior European economist, addingTuesday's drop in sterling wasn't a big move.
"But we've got a lot of work to do and not much time to doit. We risk running out of time," she added.
With less than two months to exit the EU, the default isstill for the UK to crash out without a divorce deal, whichwould shake financial markets and cause major disruptions tobusinesses.
M&A drove some big moves in the small-cap area.
Ophir EnergyOPHR.L jumped 6.9 percent to a six-month highafter agreeing to be bought out by Indonesian oil and gas groupMedco MEDC.JK for a sweetened bid of 390.6 million pounds ($511.30 million) in cash.
Video advertising firm Taptica InternationalTAP.L surged14.9 percent after saying it was in advanced talks to take overrival RhythmOneRTHM.L in an all-share deal. RhythmOne howeverslumped 12.2 percent.
Wizz AirWIZZ.L shares took a U-turn to add 2.4 percent asinvestors digested a third-quarter report in which the budgetairline reported a jump in revenue and stuck to its profitguidance.
Metro BankMTRO.L sank 9.1 percent to the bottom of theFTSE 250, hitting a new record low as it extended losses afterlast week's profit warning.
"They've been terrible since horrendous profit warning lastweek, so existing longs getting out, I would think," said atrader.($1 = 0.7639 pounds)
(Reporting by Josephine Mason, additional reporting by MuvijaM; editing by Helen Reid and Andrew Heavens) ((Josephine.Mason@thomsonreuters.com; +44 207 542 7695; ReutersMessaging: josephine.mason.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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All the sectors in the main index ended the day in positiveterritory as the FTSE 100 is often boosted by a weaker domesticcurrency because its multinational companies earn a big portionof their revenue abroad in foreign currency. Combined with gains in oil majors Shell and BP RDSa.LBP.L on higher crude prices, that helped the FTSE 100outperform European peers where caution dominated ahead ofU.S.-China trade talks and the Federal Reserve's policyguidance. "The vote is not fundamentally changing the way the market'stalking about Brexit," said Hetal Mehta, Legal & GeneralInvestment Management senior European economist, addingTuesday's drop in sterling wasn't a big move.
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* FTSE 100 jumps 1.6 pct on sterling slide * FTSE 250 up 0.7 pct * LVMH results boost Burberry * Oil majors lift FTSE 100 * Metro Bank hits new record low (Adds milestones, updates to closing prices) By Josephine Mason and Muvija M LONDON, Jan 30 (Reuters) - Britain's blue-chip index jumpedon Wednesday after a sharp fall in sterling overnight whenBritish lawmakers voted down a proposal in parliament that aimedto prevent a potentially chaotic "no-deal" Brexit. Britain's parliament rejected a proposal to give parliamenta path to prevent a potentially chaotic "no-deal" exit, butaccepted two amendments - one seeking to replace the Irishbackstop with alternative arrangements, and another rejectingthe notion of a "no-deal" Brexit. ($1 = 0.7639 pounds) (Reporting by Josephine Mason, additional reporting by MuvijaM; editing by Helen Reid and Andrew Heavens) ((Josephine.Mason@thomsonreuters.com; +44 207 542 7695; ReutersMessaging: josephine.mason.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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* FTSE 100 jumps 1.6 pct on sterling slide * FTSE 250 up 0.7 pct * LVMH results boost Burberry * Oil majors lift FTSE 100 * Metro Bank hits new record low (Adds milestones, updates to closing prices) By Josephine Mason and Muvija M LONDON, Jan 30 (Reuters) - Britain's blue-chip index jumpedon Wednesday after a sharp fall in sterling overnight whenBritish lawmakers voted down a proposal in parliament that aimedto prevent a potentially chaotic "no-deal" Brexit. The exporter-heavy FTSE 100 .FTSE surged 1.6 percent,extending its more than 1 percent rally on Tuesday ahead of thevote, while the FTSE 250 .FTMC , which is more domesticallyfocused, climbed 0.7 percent. Following the vote, Goldman Sachs nudged up its estimatedprobability of a "no-deal" Brexit to 15 percent from 10 percent.
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The exporter-heavy FTSE 100 .FTSE surged 1.6 percent,extending its more than 1 percent rally on Tuesday ahead of thevote, while the FTSE 250 .FTMC , which is more domesticallyfocused, climbed 0.7 percent. All the sectors in the main index ended the day in positiveterritory as the FTSE 100 is often boosted by a weaker domesticcurrency because its multinational companies earn a big portionof their revenue abroad in foreign currency. Metro BankMTRO.L sank 9.1 percent to the bottom of theFTSE 250, hitting a new record low as it extended losses afterlast week's profit warning.
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23382927-9cf1-4af7-931e-b19aee5e5bc1
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6675.0
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2019-01-30 00:00:00 UTC
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South Africa's deputy finance minister denies corruption allegations
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AAL
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https://www.nasdaq.com/articles/south-africas-deputy-finance-minister-denies-corruption-allegations-2019-01-30
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nan
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nan
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By Tiisetso Motsoeneng
JOHANNESBURG, Jan 30 (Reuters) - South Africa's deputy minister of finance and chairman of the state-owned Public Investment Corporation (PIC), Mondli Gungubele, said on Wednesday he had done nothing wrong after a whistleblower made new graft allegations at the pension fund.
The PIC, which has nearly 2 trillion rand ($147 billion) of civil servants' pensions under its custody and is Africa's biggest pension fund, said it would conduct an investigation after a whistleblower made the accusations in an email to the PIC's board.
It said the PIC's acting CEO, Matshepo More, and two board members were implicated, but did not name them. Reuters has not seen the email.
Gungubele later issued a statement saying he was one of those facing allegations, and welcoming the opportunity to clear his name.
"I am confident that I have done nothing wrong," he said.
Matshepo More, the acting CEO, could not be reached for comment.
The third board member named in the anonymous whistleblower's email is Sibusisiwe Zulu, the PIC's deputy chairman Xolani Mkhwanazi told Reuters.
Zulu could not be reached for comment.
The ongoing inquiry at the PIC was set up after a small opposition party alleged the PIC's former chief executive Dan Matjila had misused funds and made careless investment decisions.
Matjila, who stepped down in November last year, has denied any wrongdoing.
Last week, the PIC said in a statement it had suspended its executive head of listed investments and an assistant portfolio manager over a 2017 investment in local firm Ayo Technology Solutions, which is listed on the Johannesburg Stock Exchange (JSE).
The fund said the two were suspended for flouting governance rules in relation to the investment.
The suspensions were followed by three resignations from Ayo Technology Solutions' board.
Reuters has not been able to reach the suspended PIC officials or the Ayo executives for comment.
The technology firm's share price is down more than 50 percent since it listed on the JSE in 2017.
Matjila had said last year that the Ayo Technology Solutions deal was a "great investment" that would take time to pay off.
The PIC is the biggest investor in South Africa's economy, holding a large volume of bonds issued by government and state-owned firms, as well as stakes in blue-chip companies such as miner Anglo American, lender Absa and telecoms giant MTN Group.
($1 = 13.5961 rand)
The views and 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 Tiisetso Motsoeneng JOHANNESBURG, Jan 30 (Reuters) - South Africa's deputy minister of finance and chairman of the state-owned Public Investment Corporation (PIC), Mondli Gungubele, said on Wednesday he had done nothing wrong after a whistleblower made new graft allegations at the pension fund. The third board member named in the anonymous whistleblower's email is Sibusisiwe Zulu, the PIC's deputy chairman Xolani Mkhwanazi told Reuters. The PIC is the biggest investor in South Africa's economy, holding a large volume of bonds issued by government and state-owned firms, as well as stakes in blue-chip companies such as miner Anglo American, lender Absa and telecoms giant MTN Group.
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By Tiisetso Motsoeneng JOHANNESBURG, Jan 30 (Reuters) - South Africa's deputy minister of finance and chairman of the state-owned Public Investment Corporation (PIC), Mondli Gungubele, said on Wednesday he had done nothing wrong after a whistleblower made new graft allegations at the pension fund. The PIC, which has nearly 2 trillion rand ($147 billion) of civil servants' pensions under its custody and is Africa's biggest pension fund, said it would conduct an investigation after a whistleblower made the accusations in an email to the PIC's board. It said the PIC's acting CEO, Matshepo More, and two board members were implicated, but did not name them.
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By Tiisetso Motsoeneng JOHANNESBURG, Jan 30 (Reuters) - South Africa's deputy minister of finance and chairman of the state-owned Public Investment Corporation (PIC), Mondli Gungubele, said on Wednesday he had done nothing wrong after a whistleblower made new graft allegations at the pension fund. The PIC, which has nearly 2 trillion rand ($147 billion) of civil servants' pensions under its custody and is Africa's biggest pension fund, said it would conduct an investigation after a whistleblower made the accusations in an email to the PIC's board. Last week, the PIC said in a statement it had suspended its executive head of listed investments and an assistant portfolio manager over a 2017 investment in local firm Ayo Technology Solutions, which is listed on the Johannesburg Stock Exchange (JSE).
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By Tiisetso Motsoeneng JOHANNESBURG, Jan 30 (Reuters) - South Africa's deputy minister of finance and chairman of the state-owned Public Investment Corporation (PIC), Mondli Gungubele, said on Wednesday he had done nothing wrong after a whistleblower made new graft allegations at the pension fund. The third board member named in the anonymous whistleblower's email is Sibusisiwe Zulu, the PIC's deputy chairman Xolani Mkhwanazi told Reuters. Last week, the PIC said in a statement it had suspended its executive head of listed investments and an assistant portfolio manager over a 2017 investment in local firm Ayo Technology Solutions, which is listed on the Johannesburg Stock Exchange (JSE).
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b6cbf2b3-5f98-47b0-897e-2e96050e08cf
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6676.0
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2019-01-30 00:00:00 UTC
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American Airlines In-flight Customers To Get Free Access To Apple Music
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AAL
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https://www.nasdaq.com/articles/american-airlines-flight-customers-get-free-access-apple-music-2019-01-30
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nan
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(RTTNews.com) - American Airlines Group Inc. ( AAL ) said Wednesday that it is offering Apple Music, Apple Inc.'s (AAPL) music service, for free to its in-flight customers.
Starting February 1, the airline's customers will have access to Apple Music to stream more than 50 million songs, playlists and music videos on any domestic flight equipped with Viasat satellite Wi-Fi.
American Airlines said its customers can enjoy the most exciting new music and unique city-themed playlists for their journey in addition to Apple Music's exclusive content such as in-depth artist interviews as well as today's hottest sounds on the Beats 1 global livestream.
The airline noted that is the first commercial airline to provide exclusive access to Apple Music through complimentary in-flight Wi-Fi access.
American Airlines added that it is investing in new entertainment and connectivity options throughout its fleet.
In addition to launching Apple Music, American is also installing high-speed Wi-Fi on domestic aircraft, with more than 570 aircraft complete currently, and full completion targeted by mid-2019.
Further, the airline is adding free live TV, currently on more than 400 domestic and 155 international aircraft, with additional roll-outs continuing this year. It is also providing free access to wireless entertainment throughout its fleet and installing power at every seat on its mainline aircraft and two-class regional jets.
"Our customers want to make the most of their time when flying with us. That's why we're investing in high-speed Wi-Fi, the newest movies, live TV and now Apple Music. Providing customers with more ways to stay connected throughout each flight is one way to show we value their business and the time they spend with us," Janelle Anderson, Vice President of Global Marketing at American Airlines said.
Read the original article on RTTNews (http://www.rttnews.com/2974217/american-airlines-in-flight-customers-to-get-free-access-to-apple-music.aspx)
For comments and feedback: contact editorial@rttnews.com
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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(RTTNews.com) - American Airlines Group Inc. ( AAL ) said Wednesday that it is offering Apple Music, Apple Inc.'s (AAPL) music service, for free to its in-flight customers. American Airlines said its customers can enjoy the most exciting new music and unique city-themed playlists for their journey in addition to Apple Music's exclusive content such as in-depth artist interviews as well as today's hottest sounds on the Beats 1 global livestream. Further, the airline is adding free live TV, currently on more than 400 domestic and 155 international aircraft, with additional roll-outs continuing this year.
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(RTTNews.com) - American Airlines Group Inc. ( AAL ) said Wednesday that it is offering Apple Music, Apple Inc.'s (AAPL) music service, for free to its in-flight customers. The airline noted that is the first commercial airline to provide exclusive access to Apple Music through complimentary in-flight Wi-Fi access. In addition to launching Apple Music, American is also installing high-speed Wi-Fi on domestic aircraft, with more than 570 aircraft complete currently, and full completion targeted by mid-2019.
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(RTTNews.com) - American Airlines Group Inc. ( AAL ) said Wednesday that it is offering Apple Music, Apple Inc.'s (AAPL) music service, for free to its in-flight customers. Starting February 1, the airline's customers will have access to Apple Music to stream more than 50 million songs, playlists and music videos on any domestic flight equipped with Viasat satellite Wi-Fi. American Airlines said its customers can enjoy the most exciting new music and unique city-themed playlists for their journey in addition to Apple Music's exclusive content such as in-depth artist interviews as well as today's hottest sounds on the Beats 1 global livestream.
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(RTTNews.com) - American Airlines Group Inc. ( AAL ) said Wednesday that it is offering Apple Music, Apple Inc.'s (AAPL) music service, for free to its in-flight customers. The airline noted that is the first commercial airline to provide exclusive access to Apple Music through complimentary in-flight Wi-Fi access. American Airlines added that it is investing in new entertainment and connectivity options throughout its fleet.
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f038f2fd-fffd-4480-895c-66876909ef03
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6677.0
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2019-01-30 00:00:00 UTC
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Airlines ETF Riding High on Q4 Earnings
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AAL
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https://www.nasdaq.com/articles/airlines-etf-riding-high-q4-earnings-2019-01-30
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nan
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nan
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It's been close to two weeks since Delta Air Lines Inc. DAL kick-started the fourth-quarter earnings season for the airline space. Overall, the season has been mixed-to-upbeat for the industry. Ancillary revenues helped the operators make up for the higher fuel costs in 2018. The airline companies belong to a top-ranked Zacks industry (top 4%) and top-ranked Zacks sector (top 38%). Lets' delve a little deeper.
Inside the Headlines
Delta'sfourth-quarter earnings (excluding 19 cents from non-recurring items) of $1.30 per share surpassed the Zacks Consensus Estimate by 3 cents. Moreover, the bottom line increased on a year-over-year basis. Operating revenues of $10,742 million, however, fell short of the Zacks Consensus Estimate of $10,828.7 million. Revenues increased 4.9% from the year-ago figure.
United Continental Holdings UAL reported better-than-expected earnings and revenues in the fourth quarter of 2018. The company's earnings (excluding 71 cents from non-recurring items) of $2.41 per share surpassed the Zacks Consensus Estimate of $1.86. Moreover, the bottom line showed a massive year-over-year improvement. Operating revenues came in at $10.49 billion, outpacing the Zacks Consensus Estimate of $10.37 billion. Additionally, the top line rose significantly year over year.
American Airlines Group Inc. 's AAL fourth-quarter 2018 earnings (excluding 35 cents from non-recurring items) of $1.04 per share surpassed the Zacks Consensus Estimate of $1.02. Moreover, the bottom line increased on a year-over-year basis.
Revenues of $10.938 billion missed the Zacks Consensus Estimate of $11.007 billion. However, the top line improved on a year-over-year basis. Strong demand for air travel led to this year-over-year improvement in the top line.
Low-cost carrier Southwest Airlines Co.LUV delivered fourth-quarter 2018 earnings per share of $1.17, beating the Zacks Consensus Estimate of $1.06. Results were aided by stronger revenues, higher yields and better cost management.
Operating revenues of $5.704 billion outpaced the Zacks Consensus Estimate of $5.677 billion. The top line also rose year over year. Passenger revenues, accounting for the bulk (93.2%) of the top line, improved 8.6% year over year.
JetBlue Airways Corporation 's JBLU fourth-quarter 2018 earnings (excluding 5 cents from non-recurring items) of 50 cents per share surpassed the Zacks Consensus Estimate by 8 cents and increased 56.3% year over year. The bottom line was driven by the company's prudent non-fuel cost management.
Total revenues came in at $1,968 million, which edged past the Zacks Consensus Estimate of $1,965.4 million and increased 12% year over year. Passenger revenues, which accounted for bulk of the top line (96.1%), improved 12.1% in the quarter under review. Other revenues were up 8.8%.
Alaska Air Group Inc. ALK delivered fourth-quarter 2018 earnings per share (excluding 56 cents from non-recurring items) of 75 cents, surpassing the Zacks Consensus Estimate of 73 cents. Revenues came in at $2,064 million, above the Zacks Consensus Estimate of $2,057.3 million. The top line also rose year over year. Passenger revenues, accounting for a bulk (92.4%) of the top line, were up 6% on a year-over-year basis.
ETF in Focus
Since results were mixed-to-upbeat, investors having a strong stomach for oil-related risks may go for a basket approach or invest in U.S. Global Jets ETFJETS . This approach makes up for company-specific concentration risks as one company's weakness compensates for another company's strength (read: Winning and Losing Sectors ETFs Post OPEC Decision ).
JETS in Focus
The $83.6 million-fund holds more than 30 stocks in its portfolio and is concentrated on a few individual securities. Southwest Airlines (12.81%), American Airlines (12.40%), United Continental (11.33%) and Delta Airlines (10.04%) take the first four positions in the fund.
Alaska Air and JetBlue hold the fifth and seventh positions in the fund with a 4.04% and 3.92% weight, respectively. The product charges 60 bps in fees and has gained about 9.4% in the past month (as of Jan 29, 2019) (see all industrials ETFs ).
Want key ETF info delivered straight to your inbox?
Zacks' free Fund Newsletter will brief you on top news and analysis, as well as top-performing ETFs, each week. Get it free >>
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Alaska Air Group, Inc. (ALK): Free Stock Analysis Report
United Continental Holdings, Inc. (UAL): Free Stock Analysis Report
Delta Air Lines, Inc. (DAL): Free Stock Analysis Report
American Airlines Group Inc. (AAL): Free Stock Analysis Report
JetBlue Airways Corporation (JBLU): Get Free Report
Southwest Airlines Co. (LUV): Get Free Report
To read this article on Zacks.com click 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.
The views and 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. 's AAL fourth-quarter 2018 earnings (excluding 35 cents from non-recurring items) of $1.04 per share surpassed the Zacks Consensus Estimate of $1.02. Click to get this free report Alaska Air Group, Inc. (ALK): Free Stock Analysis Report United Continental Holdings, Inc. (UAL): Free Stock Analysis Report Delta Air Lines, Inc. (DAL): Free Stock Analysis Report American Airlines Group Inc. (AAL): Free Stock Analysis Report JetBlue Airways Corporation (JBLU): Get Free Report Southwest Airlines Co. (LUV): Get Free Report To read this article on Zacks.com click here. It's been close to two weeks since Delta Air Lines Inc. DAL kick-started the fourth-quarter earnings season for the airline space.
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Click to get this free report Alaska Air Group, Inc. (ALK): Free Stock Analysis Report United Continental Holdings, Inc. (UAL): Free Stock Analysis Report Delta Air Lines, Inc. (DAL): Free Stock Analysis Report American Airlines Group Inc. (AAL): Free Stock Analysis Report JetBlue Airways Corporation (JBLU): Get Free Report Southwest Airlines Co. (LUV): Get Free Report To read this article on Zacks.com click here. American Airlines Group Inc. 's AAL fourth-quarter 2018 earnings (excluding 35 cents from non-recurring items) of $1.04 per share surpassed the Zacks Consensus Estimate of $1.02. JetBlue Airways Corporation 's JBLU fourth-quarter 2018 earnings (excluding 5 cents from non-recurring items) of 50 cents per share surpassed the Zacks Consensus Estimate by 8 cents and increased 56.3% year over year.
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Click to get this free report Alaska Air Group, Inc. (ALK): Free Stock Analysis Report United Continental Holdings, Inc. (UAL): Free Stock Analysis Report Delta Air Lines, Inc. (DAL): Free Stock Analysis Report American Airlines Group Inc. (AAL): Free Stock Analysis Report JetBlue Airways Corporation (JBLU): Get Free Report Southwest Airlines Co. (LUV): Get Free Report To read this article on Zacks.com click here. American Airlines Group Inc. 's AAL fourth-quarter 2018 earnings (excluding 35 cents from non-recurring items) of $1.04 per share surpassed the Zacks Consensus Estimate of $1.02. JetBlue Airways Corporation 's JBLU fourth-quarter 2018 earnings (excluding 5 cents from non-recurring items) of 50 cents per share surpassed the Zacks Consensus Estimate by 8 cents and increased 56.3% year over year.
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Click to get this free report Alaska Air Group, Inc. (ALK): Free Stock Analysis Report United Continental Holdings, Inc. (UAL): Free Stock Analysis Report Delta Air Lines, Inc. (DAL): Free Stock Analysis Report American Airlines Group Inc. (AAL): Free Stock Analysis Report JetBlue Airways Corporation (JBLU): Get Free Report Southwest Airlines Co. (LUV): Get Free Report To read this article on Zacks.com click here. American Airlines Group Inc. 's AAL fourth-quarter 2018 earnings (excluding 35 cents from non-recurring items) of $1.04 per share surpassed the Zacks Consensus Estimate of $1.02. Total revenues came in at $1,968 million, which edged past the Zacks Consensus Estimate of $1,965.4 million and increased 12% year over year.
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df175158-c172-4c90-8e18-035732a9bc54
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6678.0
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2019-01-30 00:00:00 UTC
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Sterling slide boosts Britain's FTSE 100 after parliament votes on Brexit
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AAL
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https://www.nasdaq.com/articles/sterling-slide-boosts-britains-ftse-100-after-parliament-votes-brexit-2019-01-30
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nan
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(Adds company news items, updates prices to open)
LONDON, Jan 30 (Reuters) - Britain's blue-chip shares jumpedon Wednesday after a sharp fall in sterling overnight whenBritish lawmakers voted down a proposal in parliament that aimedto prevent a potentially chaotic "no-deal" Brexit.
The exporter-heavy FTSE 100 .FTSE added 0.7 percent by0842 GMT, building on its more than 1 percent rally on Tuesdayahead of the vote, while the FTSE 250 .FTMC , which is moredomestically focused, was down 0.1 percent.
The main index is often boosted by a weaker domesticcurrency because its multinational companies earn a big portionof their revenue abroad in foreign currency.
Dollar earners British American TobaccoBATS.L ,GlaxoSmithKline GSK.L , DiageoDGE.L all rose.
That helped the FTSE 100 outperform European peers wherecaution dominated ahead of U.S.-China trade talks and theFederal Reserve's interest rate policy guidance .
Britain's parliament rejected a proposal to give parliamenta path to prevent a potentially chaotic "no-deal" exit, butaccepted two amendments - one seeking to replace the Irishbackstop with alternative arrangements, and another rejectingthe notion of a "no-deal" Brexit.
Following the vote, Goldman Sachs nudged up its estimatedprobability of a "no-deal" Brexit to 15 percent from 10 percent. urn:newsml:reuters.com:*:nL5N1ZU0VB
M&A drove some big moves in the small-cap area.
Ophir EnergyOPHR.L jumped 6.5 percent to a six-month highafter agreeing to be bought out by Indonesian oil and gas groupMedco MEDC.JK for a sweetened bid of 390.6 million pounds ($511.30 million) in cash. urn:newsml:reuters.com:*:nL3N1ZU2Y2
Video advertising firm Taptica InternationalTAP.L surged15 percent after saying it was in advanced talks to take overrival RhythmOneRTHM.L in an all-share deal. RhythmOne wasabout flat in early deals. urn:newsml:reuters.com:*:nL3N1ZU31Q
Wizz AirWIZZ.L slid 2 percent after its third-quarterreport, with a trader putting the fall down to a lack ofupgrades to outlook. urn:newsml:reuters.com:*:nFWN1ZU08Y
Crest NicholsonCRST.L also lost 2.3 percent after theTimes reported https://www.thetimes.co.uk/edition/business/crest-nicholson-forced-to-halt-building-project-gmzd88prg that the housebuilder has put a 400 million pounds housingdevelopment in Hove on hold because of Brexit uncertainties.
IQE IQE.L , which makes semiconductor wafers for chips usedin AppleAAPL.O products, got a 4.4 percent boost from theiPhone maker's largely upbeat quarterly results overnight. urn:newsml:reuters.com:*:nL1N1ZT1WM($1 = 0.7639 pounds) (Reporting by Josephine Mason, additional reporting by MuvijaM; editing by Helen Reid and Andrew Heavens) ((Josephine.Mason@thomsonreuters.com; +44 207 542 7695; ReutersMessaging: josephine.mason.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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(Adds company news items, updates prices to open) LONDON, Jan 30 (Reuters) - Britain's blue-chip shares jumpedon Wednesday after a sharp fall in sterling overnight whenBritish lawmakers voted down a proposal in parliament that aimedto prevent a potentially chaotic "no-deal" Brexit. That helped the FTSE 100 outperform European peers wherecaution dominated ahead of U.S.-China trade talks and theFederal Reserve's interest rate policy guidance . urn:newsml:reuters.com:*:nFWN1ZU08Y Crest NicholsonCRST.L also lost 2.3 percent after theTimes reported https://www.thetimes.co.uk/edition/business/crest-nicholson-forced-to-halt-building-project-gmzd88prg that the housebuilder has put a 400 million pounds housingdevelopment in Hove on hold because of Brexit uncertainties.
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(Adds company news items, updates prices to open) LONDON, Jan 30 (Reuters) - Britain's blue-chip shares jumpedon Wednesday after a sharp fall in sterling overnight whenBritish lawmakers voted down a proposal in parliament that aimedto prevent a potentially chaotic "no-deal" Brexit. Britain's parliament rejected a proposal to give parliamenta path to prevent a potentially chaotic "no-deal" exit, butaccepted two amendments - one seeking to replace the Irishbackstop with alternative arrangements, and another rejectingthe notion of a "no-deal" Brexit. urn:newsml:reuters.com:*:nL1N1ZT1WM($1 = 0.7639 pounds) (Reporting by Josephine Mason, additional reporting by MuvijaM; editing by Helen Reid and Andrew Heavens) ((Josephine.Mason@thomsonreuters.com; +44 207 542 7695; ReutersMessaging: josephine.mason.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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The exporter-heavy FTSE 100 .FTSE added 0.7 percent by0842 GMT, building on its more than 1 percent rally on Tuesdayahead of the vote, while the FTSE 250 .FTMC , which is moredomestically focused, was down 0.1 percent. Following the vote, Goldman Sachs nudged up its estimatedprobability of a "no-deal" Brexit to 15 percent from 10 percent. urn:newsml:reuters.com:*:nFWN1ZU08Y Crest NicholsonCRST.L also lost 2.3 percent after theTimes reported https://www.thetimes.co.uk/edition/business/crest-nicholson-forced-to-halt-building-project-gmzd88prg that the housebuilder has put a 400 million pounds housingdevelopment in Hove on hold because of Brexit uncertainties.
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Britain's parliament rejected a proposal to give parliamenta path to prevent a potentially chaotic "no-deal" exit, butaccepted two amendments - one seeking to replace the Irishbackstop with alternative arrangements, and another rejectingthe notion of a "no-deal" Brexit. Following the vote, Goldman Sachs nudged up its estimatedprobability of a "no-deal" Brexit to 15 percent from 10 percent. urn:newsml:reuters.com:*:nFWN1ZU08Y Crest NicholsonCRST.L also lost 2.3 percent after theTimes reported https://www.thetimes.co.uk/edition/business/crest-nicholson-forced-to-halt-building-project-gmzd88prg that the housebuilder has put a 400 million pounds housingdevelopment in Hove on hold because of Brexit uncertainties.
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2a35592d-c8ba-48c9-b397-5297b7946772
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6679.0
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2019-01-30 00:00:00 UTC
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Wednesday Apple Rumors: Apple Employee Steals Project Titan Secrets
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https://www.nasdaq.com/articles/wednesday-apple-rumors-apple-employee-steals-project-titan-secrets-2019-01-30
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips
Leading the Apple (NASDAQ: AAPL ) rumor mill today is news of another theft at the company. Today, we'll look at that and other Apple Rumors for Wednesday.
Project Titan : It looks like another Apple employee may have stolen secrets from the company , reports 9to5Mac . The secrets in question have to do with the company's Project Titan. This was originally AAPL's plan for a self-driving car, but may be something a little different now. Either way, the FBI is accusing one of the company's employees of stealing secrets related to the project. It claims the employee did this for a Chinese competitor.
Music Streaming : Apple Music subscribers will start getting free streaming on some flights next month . A deal between the tech company and American Airlines (NASDAQ: AAL ) will offer free music streaming for passengers starting on Feb. 1, 2019. This means that Music subscribers won't have to pay to use the airplane's Wi-Fi for the streaming. This also applies to videos available through the streaming service.
Battery Replacement : iPhone owners can still replace their batteries for cheap , MacRumors notes. Repair website iFixit is still selling its iPhone batter replacement kit for $29.99. It will continue to be this price through 2019. This matches the previously-reduced price that AAPL was offering for iPhone battery replacements. However, the price for an official replacement is back to normal.
Check out more recent Apple Rumors or Subscribe to Apple Rumors : RSSAs of this writing, William White did not hold a position in any of the aforementioned securities.Compare Brokers
The post Wednesday Apple Rumors: Apple Employee Steals Project Titan Secrets appeared first on InvestorPlace .
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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A deal between the tech company and American Airlines (NASDAQ: AAL ) will offer free music streaming for passengers starting on Feb. 1, 2019. Project Titan : It looks like another Apple employee may have stolen secrets from the company , reports 9to5Mac . This means that Music subscribers won't have to pay to use the airplane's Wi-Fi for the streaming.
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A deal between the tech company and American Airlines (NASDAQ: AAL ) will offer free music streaming for passengers starting on Feb. 1, 2019. InvestorPlace - Stock Market News, Stock Advice & Trading Tips Leading the Apple (NASDAQ: AAPL ) rumor mill today is news of another theft at the company. Music Streaming : Apple Music subscribers will start getting free streaming on some flights next month .
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A deal between the tech company and American Airlines (NASDAQ: AAL ) will offer free music streaming for passengers starting on Feb. 1, 2019. InvestorPlace - Stock Market News, Stock Advice & Trading Tips Leading the Apple (NASDAQ: AAPL ) rumor mill today is news of another theft at the company. Music Streaming : Apple Music subscribers will start getting free streaming on some flights next month .
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A deal between the tech company and American Airlines (NASDAQ: AAL ) will offer free music streaming for passengers starting on Feb. 1, 2019. Music Streaming : Apple Music subscribers will start getting free streaming on some flights next month . This matches the previously-reduced price that AAPL was offering for iPhone battery replacements.
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051ef8e0-30f3-4d12-bbe8-7e2c5439e204
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6680.0
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2019-01-29 00:00:00 UTC
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American Airlines (AAL) Dips More Than Broader Markets: What You Should Know
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AAL
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https://www.nasdaq.com/articles/american-airlines-aal-dips-more-than-broader-markets%3A-what-you-should-know-2019-01-29
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American Airlines (AAL) closed at $36.29 in the latest trading session, marking a -0.77% move from the prior day. This change lagged the S&P 500's daily loss of 0.15%. Meanwhile, the Dow gained 0.21%, and the Nasdaq, a tech-heavy index, lost 0.81%.
Heading into today, shares of the world's largest airline had gained 13.89% over the past month, outpacing the Transportation sector's gain of 9.47% and the S&P 500's gain of 6.55% in that time.
AAL will be looking to display strength as it nears its nex t earnings release, which is expected to be April 25, 2019. On that day, AAL is projected to report earnings of $0.68 per share, which would represent a year-over-year decline of 9.33%. Our most recent consensus estimate is calling for quarterly revenue of $10.83 billion, up 4.13% from the year-ago period.
For the full year, our Zacks Consensus Estimates are projecting earnings of $5.90 per share and revenue of $46.72 billion, which would represent changes of +29.67% and +4.89%, respectively, from the prior year.
Investors might also notice recent changes to analyst estimates for AAL. These recent revisions tend to reflect the evolving nature of short-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 6.22% higher. AAL is currently a Zacks Rank #2 (Buy).
In terms of valuation, AAL is currently trading at a Forward P/E ratio of 6.2. For comparison, its industry has an average Forward P/E of 9.61, which means AAL is trading at a discount to the group.
Also, we should mention that AAL has a PEG ratio of 1.21. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. Transportation - Airline stocks are, on average, holding a PEG ratio of 0.89 based on yesterday's closing prices.
The Transportation - Airline industry is part of the Transportation sector. This group has a Zacks Industry Rank of 10, putting it in the top 4% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow AAL in the coming trading sessions, be sure to utilize Zacks.com.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
American Airlines Group Inc. (AAL): Free Stock Analysis Report
To read this article on Zacks.com click here.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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American Airlines (AAL) closed at $36.29 in the latest trading session, marking a -0.77% move from the prior day. AAL will be looking to display strength as it nears its nex t earnings release, which is expected to be April 25, 2019. On that day, AAL is projected to report earnings of $0.68 per share, which would represent a year-over-year decline of 9.33%.
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American Airlines (AAL) closed at $36.29 in the latest trading session, marking a -0.77% move from the prior day. Click to get this free report American Airlines Group Inc. (AAL): Free Stock Analysis Report To read this article on Zacks.com click here. AAL will be looking to display strength as it nears its nex t earnings release, which is expected to be April 25, 2019.
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Click to get this free report American Airlines Group Inc. (AAL): Free Stock Analysis Report To read this article on Zacks.com click here. American Airlines (AAL) closed at $36.29 in the latest trading session, marking a -0.77% move from the prior day. AAL will be looking to display strength as it nears its nex t earnings release, which is expected to be April 25, 2019.
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American Airlines (AAL) closed at $36.29 in the latest trading session, marking a -0.77% move from the prior day. AAL will be looking to display strength as it nears its nex t earnings release, which is expected to be April 25, 2019. On that day, AAL is projected to report earnings of $0.68 per share, which would represent a year-over-year decline of 9.33%.
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d92a1427-4970-42c6-bef1-3846e34c6be1
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6681.0
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2019-01-29 00:00:00 UTC
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Will American Airlines Group Continue to Surge Higher?
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AAL
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https://www.nasdaq.com/articles/will-american-airlines-group-continue-to-surge-higher-2019-01-29
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nan
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As of late, it has definitely been a great time to be an investor in American Airlines Group Inc.AAL . The stock has moved higher by 5.7% in the past month, while it is also above its 20 Day SMA too. This combination of strong price performance and favorable technical, could suggest that the stock may be on the right path.
We certainly think that this might be the case, particularly if you consider AAL's recen t earnings estimate revision activity. From this look, the company's future is quite favorable; as AAL has earned itself a Zacks Rank #2 (Buy), meaning that its recent run may continue for a bit longer, and that this isn't the top for the in-focus company. You can see the complete list of today's Zacks #1 Rank stocks here.
Wall Street's Next Amazon
Zacks EVP Kevin Matras believes this familiar stock has only just begun its climb to become one of the greatest investments of all time. It's a once-in-a-generation opportunity to invest in pure genius.
Click for details >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
American Airlines Group Inc. (AAL): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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From this look, the company's future is quite favorable; as AAL has earned itself a Zacks Rank #2 (Buy), meaning that its recent run may continue for a bit longer, and that this isn't the top for the in-focus company. As of late, it has definitely been a great time to be an investor in American Airlines Group Inc.AAL . We certainly think that this might be the case, particularly if you consider AAL's recen t earnings estimate revision activity.
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Click to get this free report American Airlines Group Inc. (AAL): Free Stock Analysis Report To read this article on Zacks.com click here. As of late, it has definitely been a great time to be an investor in American Airlines Group Inc.AAL . We certainly think that this might be the case, particularly if you consider AAL's recen t earnings estimate revision activity.
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Click to get this free report American Airlines Group Inc. (AAL): Free Stock Analysis Report To read this article on Zacks.com click here. As of late, it has definitely been a great time to be an investor in American Airlines Group Inc.AAL . We certainly think that this might be the case, particularly if you consider AAL's recen t earnings estimate revision activity.
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Click to get this free report American Airlines Group Inc. (AAL): Free Stock Analysis Report To read this article on Zacks.com click here. As of late, it has definitely been a great time to be an investor in American Airlines Group Inc.AAL . We certainly think that this might be the case, particularly if you consider AAL's recen t earnings estimate revision activity.
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6682.0
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2019-01-29 00:00:00 UTC
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Airline Stocks Fly High on Multiple Tailwinds in Q4: 4 Picks
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AAL
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https://www.nasdaq.com/articles/airline-stocks-fly-high-on-multiple-tailwinds-in-q4%3A-4-picks-2019-01-29
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nan
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It is a well-known fact that 2018 was not a favorable year for airline stocks. Oil prices, which were high for the majority of the year, were the main reason behind the sorry performance of airlines in the previous year.
The Zacks Airline industry shed 22.9% in 2018. The industry's performance was worse than that of the Zacks S&P 500 composite, which declined 5.9%.
2018 Price Performance
Oil Price
A rise in oil price leads to a sharp increase in operating expenses of airline companies. Oil prices displayed an uptrend till early October, increasing more than 20%.
The surge in oil prices was the primary reason behind the bottom-line contraction at most airlines in each of the three quarters of 2018. In a stunning reversal, oil prices have been declining steadily since then on fears of supply glut and economic headwinds.
Why Airlines Gained Altitude in Q4
The southward movement of one of their major inputs propelled airlines stocks. As a result of the sharp drop, oil prices declined nearly 40% in Q4.
Consequently, airline heavyweights like United Continental Holdings UAL , American Airlines AAL , Southwest Airlines LUV and Alaska Air Group ALK outperformed in the final quarter of 2018. The bottom line at most carriers improved year over year. Declining oil prices apart, low tax rates also aided results.
Meanwhile, the top line was aided by upbeat passenger revenues with demand for air travel remaining strong in Q4. Robust traffic during the Thanksgiving holiday period contributed to the uptick in passenger revenues.
The better-than-expected results led to an uptick in the share price of the likes of United Continental, Southwest Airlines, American Airlines and JetBlue Airways JBLU .
Other Positives
The Q4 outperformances apart, most carriers unveiled encouraging projections. For instance, American Airlines expects adjusted earnings per share in 2019 between $5.50 and $7.50, much higher than the 2018 figure of $4.55. The bullish guidance resulted in the Zacks Consensus Estimate for full-year earnings being revised upward to the tune of 5.6% since the announcement.
United Continental expects full-year 2019 earnings in the $10-$12 band, higher than $9.13 per share reported in full-year 2018. Southwest Airlines predicts Q1 revenue per available seat mile (RASM: a key unit revenue measure) to rise 4-5% year over year in the first quarter of 2019.
Adding to the list of positives is Alaska Air Group's dividend hike. The company announced a dividend increase of 9% to 35 cents per share (annually: $1.40 per share). The current tax law, which came into force in December 2017, is a boon for airlines as far as investor-oriented activities are concerned. On the back of tax law induced savings, we expect more stocks in the space to increase their dividend payouts in 2019.
Bullish Zacks Industry Rank
The Zacks Airline industry has a Zacks Industry Rank of 8 (out of 250 plus groups), which highlights the fact that airlines are back in favor. The favorable rank places the companies in the top 4% of the Zacks industries.
Our proprietary Heat Map shows the industry's bullish rank over the past few weeks.
Airline Stocks Should Grace Your Portfolio
In view of the renewed optimism surrounding airline stocks, we believe that investors should include them in their respective portfolios.
Each of the selected stocks carries a Zacks Rank #1 (Strong Buy) or 2 (Buy). Moreover, the stocks have a Growth Score of B. You can see the complete list of today's Zacks #1 Rank stocks here.
4 Solid Picks
Air France-KLM SAAFLYY is based in Paris and carries a Zacks Rank #1. The Zacks Consensus Estimate for 2019 earnings has increased 2% over the past 30 days.
United Continental Holdings is based in based in Chicago, IL and carries a Zacks Rank #2. The Zacks Consensus Estimate for 2019 earnings has increased 5.4% over the past 30 days.
JetBlue Airways Corporation is a low-cost airline based in Long Island City, NY and carries a Zacks Rank #2. The Zacks Consensus Estimate for 2019 earnings has increased 14.1% over the past 30 days.
Southwest Airlines is a Dallas-based low-cost carrier with a Zacks Rank #2. The Zacks Consensus Estimate for 2019 earnings has increased 1.7% over the past 30 days.
Wall Street's Next Amazon
Zacks EVP Kevin Matras believes this familiar stock has only just begun its climb to become one of the greatest investments of all time. It's a once-in-a-generation opportunity to invest in pure genius.
Click for details >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Air France-KLM SA (AFLYY): Free Stock Analysis Report
Alaska Air Group, Inc. (ALK): Free Stock Analysis Report
United Continental Holdings, Inc. (UAL): Get Free Report
Southwest Airlines Co. (LUV): Get Free Report
American Airlines Group Inc. (AAL): Free Stock Analysis Report
JetBlue Airways Corporation (JBLU): Get Free Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Consequently, airline heavyweights like United Continental Holdings UAL , American Airlines AAL , Southwest Airlines LUV and Alaska Air Group ALK outperformed in the final quarter of 2018. Click to get this free report Air France-KLM SA (AFLYY): Free Stock Analysis Report Alaska Air Group, Inc. (ALK): Free Stock Analysis Report United Continental Holdings, Inc. (UAL): Get Free Report Southwest Airlines Co. (LUV): Get Free Report American Airlines Group Inc. (AAL): Free Stock Analysis Report JetBlue Airways Corporation (JBLU): Get Free Report To read this article on Zacks.com click here. The bullish guidance resulted in the Zacks Consensus Estimate for full-year earnings being revised upward to the tune of 5.6% since the announcement.
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Consequently, airline heavyweights like United Continental Holdings UAL , American Airlines AAL , Southwest Airlines LUV and Alaska Air Group ALK outperformed in the final quarter of 2018. Click to get this free report Air France-KLM SA (AFLYY): Free Stock Analysis Report Alaska Air Group, Inc. (ALK): Free Stock Analysis Report United Continental Holdings, Inc. (UAL): Get Free Report Southwest Airlines Co. (LUV): Get Free Report American Airlines Group Inc. (AAL): Free Stock Analysis Report JetBlue Airways Corporation (JBLU): Get Free Report To read this article on Zacks.com click here. The better-than-expected results led to an uptick in the share price of the likes of United Continental, Southwest Airlines, American Airlines and JetBlue Airways JBLU .
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Consequently, airline heavyweights like United Continental Holdings UAL , American Airlines AAL , Southwest Airlines LUV and Alaska Air Group ALK outperformed in the final quarter of 2018. Click to get this free report Air France-KLM SA (AFLYY): Free Stock Analysis Report Alaska Air Group, Inc. (ALK): Free Stock Analysis Report United Continental Holdings, Inc. (UAL): Get Free Report Southwest Airlines Co. (LUV): Get Free Report American Airlines Group Inc. (AAL): Free Stock Analysis Report JetBlue Airways Corporation (JBLU): Get Free Report To read this article on Zacks.com click here. Bullish Zacks Industry Rank The Zacks Airline industry has a Zacks Industry Rank of 8 (out of 250 plus groups), which highlights the fact that airlines are back in favor.
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Consequently, airline heavyweights like United Continental Holdings UAL , American Airlines AAL , Southwest Airlines LUV and Alaska Air Group ALK outperformed in the final quarter of 2018. Click to get this free report Air France-KLM SA (AFLYY): Free Stock Analysis Report Alaska Air Group, Inc. (ALK): Free Stock Analysis Report United Continental Holdings, Inc. (UAL): Get Free Report Southwest Airlines Co. (LUV): Get Free Report American Airlines Group Inc. (AAL): Free Stock Analysis Report JetBlue Airways Corporation (JBLU): Get Free Report To read this article on Zacks.com click here. Oil prices, which were high for the majority of the year, were the main reason behind the sorry performance of airlines in the previous year.
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813444a6-7136-4081-8e63-795dd69a7d62
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6683.0
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2019-01-29 00:00:00 UTC
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3 Stocks Warren Buffett Might Sell Next
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https://www.nasdaq.com/articles/3-stocks-warren-buffett-might-sell-next-2019-01-29
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nan
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Few investors have the investing acumen of Warren Buffett. Known as the "Oracle of Omaha" for a reason, Buffett, the CEO of conglomerate Berkshire Hathaway (NYSE: BRK-A) (NYSE: BRK-B) , has turned roughly $10,000 in seed money in the mid-1950s into well over $83 billion today in personal wealth. Mind you, Buffett has donated billions of dollars to charity over the years, so his net worth could have been even higher.
Because of Buffett's success in consistently beating the stock market four out of every five years (at least in terms of generating better returns on book value), investors regularly track his every movement. Despite a simplistic approach of buying high-quality companies and hanging on to them over the long run, Wall Street and investors nevertheless cling to their chairs waiting for the next "Buffett pick."
Which stocks will Buffett exit next?
However, this is a two-way street. Just as Buffett has made a living off identifying solid business models that could grow over time, the other part of his success comes from knowing when to sell. While he's certainly not infallible (selling Disney --twice -- cost Buffett a pretty penny ), the Oracle of Omaha's sells are considered just as noteworthy as his buys.
Thankfully, with Berkshire Hathaway having well over $100 million in assets under management, it's required to file Form 13-F with the Securities and Exchange Commission 45 days following the end of every quarter. This filing gives everyone a look under the hood, so to speak, of what Buffett and his team have been up to over the previous quarter. In Berkshire's mid-November filing, we discovered that Buffett and his team had completely sold out of two stocks in the third quarter: retail behemoth Walmart and French drugmaker Sanofi .
The real question is: Which of the 47 securities in Berkshire Hathaway's portfolio might be on the chopping block next? My suspicion is that the following three stocks already have one foot out the door.
Johnson & Johnson
Although Berkshire Hathaway only currently owns 327,100 shares of Johnson & Johnson (NYSE: JNJ) -- a market value of $42 million -- it seems the likeliest of Buffett's 47 securities to get the boot next.
On the surface, Johnson & Johnson, a healthcare conglomerate with its fingers in pharmaceuticals, medical devices, and consumer health products, looks like a winner. It has increased its adjusted earnings per share for 35 consecutive years, is a Dividend Aristocrat with an above-average yield, and is one of just two publicly listed stocks to carry a AAA credit rating (the other being Microsoft ). With healthcare being mostly impervious to economic downturns, J&J looks like a candidate to hang on to for the long run.
However, there are a few telltale signs suggesting that Buffett will want out. For starters, Buffett has never been all that keen on owning healthcare companies that require regular research. In other words, drugmakers that necessitate plenty of care and maintenance because of clinical trials simply aren't Buffett's cup of tea. In recent years, Johnson & Johnson has been focusing more on its high-margin pharmaceutical segment via acquisitions. Between 2012 and 2018, pharmaceuticals as a percentage of total sales has climbed from 37.7% to 49.9%. That's a worrisome trend for Buffett, and a possible sign of sales volatility many years down the road.
The company may also face continued backlash over its talcum powder . Allegations have been presented that J&J knew its talcum powder contained small amounts of asbestos. Having already lost a $4.7 billion lawsuit last summer, the company's legal exposure could be an overhang for years to come.
And finally, Buffett has already pared back his holding in J&J a few times previously. With only $42 million remaining in Berkshire Hathaway's portfolio, I'm looking for Johnson & Johnson to be shown the door.
American Airlines Group
Perhaps the wildcard of the three stocks Buffett will sell next is American Airlines Group (NASDAQ: AAL) . The reason I say "wildcard" is because, like Johnson & Johnson, the company appears to be doing just fine on the surface.
Last week, American Airlines Group reported a full-year net profit of $2.1 billion, excluding certain one-time items, with passenger revenue climbing nearly 4% for the year. Keep in mind that this $2.1 billion in net profit was derived despite a 33% increase in full-year fuel costs to $1.84 billion from $1.38 billion in 2017. Add the nearly $1 billion the company returned to shareholders via dividends and buybacks, and everything would look to be, pardon the pun, flying high.
However, Buffett has never particularly been a fan of businesses that require a large capital input to produce a small margin, which is the hallmark of the airline industry.
Even more telling, American Airlines Group, despite its synergies with US Airways and its nearly $1 billion in shareholders returns via its dividend and buybacks, has close to $30 billion in net debt. That's troublesome with the Federal Reserve in a monetary tightening cycle and the U.S. economy probably in the latter stages of an economic expansion. Whereas healthcare is relatively recession-proof, airlines are not. Discretionary spending will decline if the economy contracts, and airlines with large debt loads could find themselves in big trouble. That's why I singled American Airlines Group out rather than United Continental Holdings , Delta Air Lines , or Southwest Airlines , which are also in Berkshire Hathaway's portfolio.
Also, don't overlook that Buffett sold 1 million shares of American Airlines Group in the third quarter. Even though we're only talking about a little more than 2% reduction (Berkshire still owns 43.7 million shares), it could be foreshadowing a bigger move to come from the Oracle of Omaha.
Verizon
Last, but not least, even though it's by far the smallest holding in Berkshire Hathaway's portfolio, my prediction is that telecom giant Verizon (NYSE: VZ) finally gets the heave-ho.
During the fourth quarter of 2016, Berkshire Hathaway essentially disposed of all of its holdings in Verizon , with 15 million shares sold. However, 928 shares, currently worth just over $52,000, remained. My best guess as to why these shares remained is that Berkshire was involved in a dividend reinvestment plan for its Verizon stock and received these shares as the result of holding some unknown number of shares before the record date. Key phrase in that sentence is "best guess."
The thing is, Verizon doesn't really hit on the key points that Buffett would look for in an investment. It's relatively slow growing, has few near-term catalysts, and is frankly getting too big for its own good. All we have to do is look to AT&T for evidence of this. Having been an investor in DirecTV, which was acquired by AT&T, Berkshire wasted little time in disposing of the AT&T shares it received as a portion of the cash-and-stock buyout. If Buffett didn't care for AT&T, it's not going to see any real differentiation with Verizon.
Plus, with Buffett having essentially axed Verizon from the portfolio two years ago, selling 928 shares is hardly going to cause a stir on Wall Street.
10 stocks we like better than Verizon Communications
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Teresa Kersten, an employee of LinkedIn, a Microsoft subsidiary, is a member of The Motley Fool's board of directors. Sean Williams owns shares of AT&T. The Motley Fool owns shares of and recommends Berkshire Hathaway (B shares), Southwest Airlines, and Walt Disney. The Motley Fool owns shares of Delta Air Lines, Johnson & Johnson, and Microsoft. The Motley Fool recommends Verizon Communications. The Motley Fool has a disclosure policy .
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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American Airlines Group Perhaps the wildcard of the three stocks Buffett will sell next is American Airlines Group (NASDAQ: AAL) . Despite a simplistic approach of buying high-quality companies and hanging on to them over the long run, Wall Street and investors nevertheless cling to their chairs waiting for the next "Buffett pick." In Berkshire's mid-November filing, we discovered that Buffett and his team had completely sold out of two stocks in the third quarter: retail behemoth Walmart and French drugmaker Sanofi .
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American Airlines Group Perhaps the wildcard of the three stocks Buffett will sell next is American Airlines Group (NASDAQ: AAL) . Johnson & Johnson Although Berkshire Hathaway only currently owns 327,100 shares of Johnson & Johnson (NYSE: JNJ) -- a market value of $42 million -- it seems the likeliest of Buffett's 47 securities to get the boot next. The Motley Fool owns shares of and recommends Berkshire Hathaway (B shares), Southwest Airlines, and Walt Disney.
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American Airlines Group Perhaps the wildcard of the three stocks Buffett will sell next is American Airlines Group (NASDAQ: AAL) . Johnson & Johnson Although Berkshire Hathaway only currently owns 327,100 shares of Johnson & Johnson (NYSE: JNJ) -- a market value of $42 million -- it seems the likeliest of Buffett's 47 securities to get the boot next. My best guess as to why these shares remained is that Berkshire was involved in a dividend reinvestment plan for its Verizon stock and received these shares as the result of holding some unknown number of shares before the record date.
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American Airlines Group Perhaps the wildcard of the three stocks Buffett will sell next is American Airlines Group (NASDAQ: AAL) . Despite a simplistic approach of buying high-quality companies and hanging on to them over the long run, Wall Street and investors nevertheless cling to their chairs waiting for the next "Buffett pick." Also, don't overlook that Buffett sold 1 million shares of American Airlines Group in the third quarter.
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0e961c99-7e75-4090-ae71-15ccd6998c34
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6684.0
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2019-01-29 00:00:00 UTC
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How American Airlines (AAL) Stock Stands Out in a Strong Industry
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AAL
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https://www.nasdaq.com/articles/how-american-airlines-aal-stock-stands-out-in-a-strong-industry-2019-01-29
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One stock that might be an intriguing choice for investors right now is American Airlines Group Inc.AAL . This is because this security in the Transportation - Airline space is seeing solid earnings estimate revision activity, and is in great company from a Zacks Industry Rank perspective.
This is important because, often times, a rising tide will lift all boats in an industry, as there can be broad trends taking place in a segment that are boosting securities across the board. This is arguably taking place in the Transportation - Airline space as it currently has a Zacks Industry Rank of 8 out of more than 250 industries, suggesting it is well-positioned from this perspective, especially when compared to other segments out there.
Meanwhile, American Airlines is actually looking pretty good on its own too. The firm has seen solid earnings estimate revision activity over the past month, suggesting analysts are becoming a bit more bullish on the firm's prospects in both the short and long term.
American Airlines Group Inc. Price and Consensus
American Airlines Group Inc. Price and Consensus | American Airlines Group Inc. Quote
In fact, over the past two months, current quarter estimates have risen from 60 cents per share to 68 cents per share, while current year estimates have risen from $5.29 per share to $5.90 per share. This has helped AAL to earn a Zacks Rank #2 (Buy), further underscoring the company's solid position. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here .
So, if you are looking for a decent pick in a strong industry, consider American Airlines. Not only is its industry currently in the top third, but it is seeing solid estimate revisions as of late, suggesting it could be a very interesting choice for investors seeking a name in this great industry segment.
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American Airlines Group Inc. (AAL): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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One stock that might be an intriguing choice for investors right now is American Airlines Group Inc.AAL . This has helped AAL to earn a Zacks Rank #2 (Buy), further underscoring the company's solid position. Click to get this free report American Airlines Group Inc. (AAL): Free Stock Analysis Report To read this article on Zacks.com click here.
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Click to get this free report American Airlines Group Inc. (AAL): Free Stock Analysis Report To read this article on Zacks.com click here. One stock that might be an intriguing choice for investors right now is American Airlines Group Inc.AAL . This has helped AAL to earn a Zacks Rank #2 (Buy), further underscoring the company's solid position.
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One stock that might be an intriguing choice for investors right now is American Airlines Group Inc.AAL . This has helped AAL to earn a Zacks Rank #2 (Buy), further underscoring the company's solid position. Click to get this free report American Airlines Group Inc. (AAL): Free Stock Analysis Report To read this article on Zacks.com click here.
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One stock that might be an intriguing choice for investors right now is American Airlines Group Inc.AAL . This has helped AAL to earn a Zacks Rank #2 (Buy), further underscoring the company's solid position. Click to get this free report American Airlines Group Inc. (AAL): Free Stock Analysis Report To read this article on Zacks.com click here.
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bd1fc9d3-964f-4a6d-b5a2-43cb9b9ef038
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6685.0
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2019-01-28 00:00:00 UTC
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Bull of the Day: Spirit Airlines (SAVE)
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AAL
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https://www.nasdaq.com/articles/bull-day-spirit-airlines-save-2019-01-28
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nan
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nan
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Spirit Airlines, Inc. (SAVE) upped its fourth-quarter guidance in November on the back of higher non-ticket revenues and increased load factor expectations. Plus, airlines got a boost recently after solid earnings reports from American Airlines (AAL) and other industry giants. Looking ahead, Spirit's top and bottom-line estimates are impressive as well. So, let's see why SAVE is Monday's Bull of the Day.
Overview
Spirit in November upped its Q4 total revenue per available seat mile guidance from a 6% jump to 11% growth. The guidance increase was driven by higher non-ticket revenue, including new dynamic pricing for seats and bags, among other factors. On top of the raised TRASM, which is a vital measurement for airlines, the firm cut its outlook for economic fuel costs and non-fuel unit costs.
The low-cost airline company is also coming off a strong third-quarter that saw it bea t earnings and revenue estimates, despite some overall industry headwinds. Meanwhile, American Airlines, JetBlue Airways (JBLU), and Southwest Airlines (LUV) all surged on the back of strong quarterly earnings reports last Thursday. Investors should also note that the airline companies said they could increase their revenues in the first quarter despite the government shutdown. Airlines, however, did warn that the continuation of the shutdown could spell some trouble down the road.
SAVE stock hovered at around $57.10 a share on Friday. This marked a roughly 12.5% downturn from its 52-week high of $65.35 per share and could set up a solid buying opportunity for those high on Spirit.
Q4 & Fiscal 2019 Outlook
Spirit released in the middle of January some preliminary Q4 guidance. The firm's TRASM popped 11.4%, which topped its updated November estimate that called for 11% expansion, with the gains driven by "modestly stronger peak yields." Spirit's available seat miles in the quarter also surged 16.2% year over year to come in above its previous 15% guidance.
On top of that, Spiri t report ed a record quarterly completion factor of 99.6%. With that said, our current Zacks Consensus Estimate calls for SAVE's fourth-quarter revenues to soar 27.8% to reach $852.24 million. This would crush the year-ago period's 15.3% revenue expansion, but mark a slight slowdown compared to Q3's 31.6% top-line surge.
Looking a bit further ahead, Spirit's fiscal Q1 revenues are projected to jump nearly 20% and its full-year 2019 revenues are expected to climb over 16% above our current-year estimate to reach $3.85 billion.
Moving onto the bottom end of the income statement, the firm's adjusted Q4 earnings are projected to skyrocket 90.4% to touch $1.39 a share. Investors should note that this would blow away last quarter's 56% bottom-line expansion. Meanwhile, Spirit's full-year 2018 earnings are projected to climb 31.8%. Plus, the company's fiscal 2019 earnings are expected to soar 49.4% higher than our 2018 projection.
Earnings Trends
Maybe more important than Spirit's stellar quarterly and longer-term earnings outlook is the firm's recent string of positive earnings estimate revisions. We can see that within the last 30 days, at least some analyst have grown more bullish on SAVE's earnings. Spirit's positive bottom-line revision activity is a good sign because earnings growth is one of the best long-term indicators of positive stock price movement.
Bottom Line
Spirit is a Zacks Rank #1 (Strong Buy) stock at the moment, based largely on its impressive earnings estimate revision activity over the last month. SAVE also sports "A" grades for both Value and Momentum in our Style Scores system to help it earn an overall "A" VGM score.
Spirit certainly looks like a stock to consider for investors interested in the airline industry because of its revenue growth outlook and double-digit earnings expansion projections. The company is scheduled to host its fourth-quarter and fiscal 2018 earnings call on Wednesday, February 6.
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Spirit Airlines, Inc. (SAVE): Free Stock Analysis Report
Southwest Airlines Co. (LUV): Get Free Report
JetBlue Airways Corporation (JBLU): Get Free Report
American Airlines Group Inc. (AAL): Get Free Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Plus, airlines got a boost recently after solid earnings reports from American Airlines (AAL) and other industry giants. Click to get this free report Spirit Airlines, Inc. (SAVE): Free Stock Analysis Report Southwest Airlines Co. (LUV): Get Free Report JetBlue Airways Corporation (JBLU): Get Free Report American Airlines Group Inc. (AAL): Get Free Report To read this article on Zacks.com click here. Spirit Airlines, Inc. (SAVE) upped its fourth-quarter guidance in November on the back of higher non-ticket revenues and increased load factor expectations.
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Click to get this free report Spirit Airlines, Inc. (SAVE): Free Stock Analysis Report Southwest Airlines Co. (LUV): Get Free Report JetBlue Airways Corporation (JBLU): Get Free Report American Airlines Group Inc. (AAL): Get Free Report To read this article on Zacks.com click here. Plus, airlines got a boost recently after solid earnings reports from American Airlines (AAL) and other industry giants. Spirit Airlines, Inc. (SAVE) upped its fourth-quarter guidance in November on the back of higher non-ticket revenues and increased load factor expectations.
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Click to get this free report Spirit Airlines, Inc. (SAVE): Free Stock Analysis Report Southwest Airlines Co. (LUV): Get Free Report JetBlue Airways Corporation (JBLU): Get Free Report American Airlines Group Inc. (AAL): Get Free Report To read this article on Zacks.com click here. Plus, airlines got a boost recently after solid earnings reports from American Airlines (AAL) and other industry giants. Earnings Trends Maybe more important than Spirit's stellar quarterly and longer-term earnings outlook is the firm's recent string of positive earnings estimate revisions.
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Plus, airlines got a boost recently after solid earnings reports from American Airlines (AAL) and other industry giants. Click to get this free report Spirit Airlines, Inc. (SAVE): Free Stock Analysis Report Southwest Airlines Co. (LUV): Get Free Report JetBlue Airways Corporation (JBLU): Get Free Report American Airlines Group Inc. (AAL): Get Free Report To read this article on Zacks.com click here. Investors should also note that the airline companies said they could increase their revenues in the first quarter despite the government shutdown.
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cd013626-030b-4b9e-9d73-5a6c8e06c6ac
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6686.0
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2019-01-28 00:00:00 UTC
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FTSE 100 edges lower after downbeat China data; Ocado rallies
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AAL
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https://www.nasdaq.com/articles/ftse-100-edges-lower-after-downbeat-china-data-ocado-rallies-2019-01-28
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nan
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nan
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* FTSE 100, FTSE 250 down 0.1 pct
* Ocado gains after report of talks with M&S
* Mining companies gain; oil majors lose (Adds analyst's comment, news items, updates share moves, addsgraphic)
Jan 28 (Reuters) - Britain's FTSE 100 inched lower on Mondayas worries over a slowdown in China offset relief over thereopening of the U.S. government, while Ocado rallied on areport of a deal with Marks & Spencer.
The blue-chip index .FTSE had dipped 0.1 percent at 1033GMT. So had the FTSE 250 .FTMC .
Shell RDSa.L and BP BP.L were weak as oil prices fell onsigns that output may rise further, with U.S. companies addingrigs for the first time this year. O/R
British American TobaccoBATS.L and Imperial BrandsIMB.L gave up 1.8 percent and 2.6 percent respectively andwere among the top drags on FTSE 100.
But losses were capped as mining stocks .FTNMX1770 added1.5 percent, becoming the best blue-chip performers, as Chineseiron ore prices jumped after a deadly incident at top producerVale over the weekend.
Overnight, Asian shares rallied after Washington temporarilyended the longest U.S. government shutdown in history. But datafrom China showed earnings at its industrial companies shrankagain in December. urn:newsml:reuters.com:*:nL3N1ZN2MF
That rekindled tensions among investors already rattled byrepeated signs of a slowdown in China amid its ongoing tradedispute with the United States. urn:newsml:reuters.com:*:nL3N1ZN2MF
"At the start of a stacked week ... the FTSE suffered thekind of muted, negative open that has become routine in the lastfew sessions," Spreadex analyst Connor Campbell wrote.
Investors were also bracing for votes in parliament onTuesday aimed at breaking a Brexit deadlock. With just twomonths before Britain is due to leave the European Union, thereare still no signs of an agreement on the terms that would getthrough government.
A Guardian report that OcadoOCDO.L has held talks withMarks & Spencer MKS.L on a food-delivery service helped Ocado shares jump 6 percent to its highest since September. They wereup 4.1 percent by 1007 GMT. M&S added 2 percent, reaching levelsnot seen since late November.
Another boost to FTSE 100 came from VodafoneVOD.L , whichadvanced 1.4 percent, recouping some of its losses last weekafter a quarterly update. BT BT.L also rose more than 1percent.
Mining companies were also buoyed by comments from Jefferiesanalysts, who upgraded their forecast for iron ore price andrecommend investors buy Rio Tinto RIO.L , BHP BHPB.L andAnglo American AAL.L .
Airline FlybeFLYB.L jumped 18 percent after confirmingthat its largest shareholder had urged the company to remove itschairman and investigate its cut-price sale to a consortium thatincluded Richard Branson's Virgin Atlantic, Stobart GroupSTOB.L and Cyrus Capital. urn:newsml:reuters.com:*:nL3N1ZS2GN
Petra DiamondsPDL.L slumped more than 10 percent as lowerdiamond prices at its flagship Cullinan mine overshadowed anincrease in half-year revenue. urn:newsml:reuters.com:*:nL3N1ZS2T5
(Reporting by Muvija M and Shashwat Awasthi in Bengaluru;editing by Josephine Mason, Larry King) ((Muvija.M@thomsonreuters.com; within U.S. +1 646 223 8780,outside U.S. +91 80 6749 3638; Reuters Messaging:muvija.m.thomsonreuters.com@reuters.net))
(( For related prices, Reuters users may click on - * UK stock report .L FTSE index: 0#.FTS6 techMARK 100 index: .FTT1X FTSE futures: 0#FFI: Gilt futures: 0#FLG: Smallcap index: .FTSC FTSE 250 index: .FTMC FTSE 350 index: .FTLC Market digest: .AD.L Top 10 by vol: .AV.L Top price gainers: .NG.L Top % gainers: .PG.L Top price losers: .NL.L Top % losers: .PL.L
* For related news, click on - * UK hot stocks: [HOT and GB] Wall Street: .N Gilts report: GB/ Euro bond report GVD/EUR Pan European stock report: .EUTokyo stocks: .T HK stocks: .HK Sterling report: GBP/ Dollar report: USD/
* For company prices, click on - * Company directory: UKEQ By sector: FTAX
* For pan-European market data, click on - * European Equities speed guide................ EUR/EQUITY FTSE Eurotop 300 index........................... .FTEU3 DJ STOXX index................................... .STOXX Top 10 STOXX sectors........................ .PGL.STOXXS Top 10 EUROSTOXX sectors................... .PGL.STOXXES Top 10 Eurotop 300 sectors.................. .PGL.FTEU3S Top 25 European pct gainers.................... .PG.PEUR Top 25 European pct losers..................... .PL.PEUR ))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Mining companies were also buoyed by comments from Jefferiesanalysts, who upgraded their forecast for iron ore price andrecommend investors buy Rio Tinto RIO.L , BHP BHPB.L andAnglo American AAL.L . urn:newsml:reuters.com:*:nL3N1ZN2MF "At the start of a stacked week ... the FTSE suffered thekind of muted, negative open that has become routine in the lastfew sessions," Spreadex analyst Connor Campbell wrote. Airline FlybeFLYB.L jumped 18 percent after confirmingthat its largest shareholder had urged the company to remove itschairman and investigate its cut-price sale to a consortium thatincluded Richard Branson's Virgin Atlantic, Stobart GroupSTOB.L and Cyrus Capital.
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Mining companies were also buoyed by comments from Jefferiesanalysts, who upgraded their forecast for iron ore price andrecommend investors buy Rio Tinto RIO.L , BHP BHPB.L andAnglo American AAL.L . * FTSE 100, FTSE 250 down 0.1 pct * Ocado gains after report of talks with M&S * Mining companies gain; oil majors lose (Adds analyst's comment, news items, updates share moves, addsgraphic) Jan 28 (Reuters) - Britain's FTSE 100 inched lower on Mondayas worries over a slowdown in China offset relief over thereopening of the U.S. government, while Ocado rallied on areport of a deal with Marks & Spencer. A Guardian report that OcadoOCDO.L has held talks withMarks & Spencer MKS.L on a food-delivery service helped Ocado shares jump 6 percent to its highest since September.
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Mining companies were also buoyed by comments from Jefferiesanalysts, who upgraded their forecast for iron ore price andrecommend investors buy Rio Tinto RIO.L , BHP BHPB.L andAnglo American AAL.L . * FTSE 100, FTSE 250 down 0.1 pct * Ocado gains after report of talks with M&S * Mining companies gain; oil majors lose (Adds analyst's comment, news items, updates share moves, addsgraphic) Jan 28 (Reuters) - Britain's FTSE 100 inched lower on Mondayas worries over a slowdown in China offset relief over thereopening of the U.S. government, while Ocado rallied on areport of a deal with Marks & Spencer. O/R British American TobaccoBATS.L and Imperial BrandsIMB.L gave up 1.8 percent and 2.6 percent respectively andwere among the top drags on FTSE 100.
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Mining companies were also buoyed by comments from Jefferiesanalysts, who upgraded their forecast for iron ore price andrecommend investors buy Rio Tinto RIO.L , BHP BHPB.L andAnglo American AAL.L . So had the FTSE 250 .FTMC . But losses were capped as mining stocks .FTNMX1770 added1.5 percent, becoming the best blue-chip performers, as Chineseiron ore prices jumped after a deadly incident at top producerVale over the weekend.
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a5ed290c-b084-4057-ad0a-e43917ae0481
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6687.0
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2019-01-28 00:00:00 UTC
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Market Close Report: NASDAQ Composite index closes at 7,085.69 down -79.17 points
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AAL
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https://www.nasdaq.com/articles/market-close-report-nasdaq-composite-index-closes-708569-down-7917-points-2019-01-28
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nan
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nan
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Monday's session closes with the NASDAQ Composite Index at 7,085.69. The total shares traded for the NASDAQ was over 2.34 billion. Declining stocks led advancers by 1.78 to 1 ratio. There were 1128 advancers and 2005 decliners for the day. On the NASDAQ Stock Exchange 22 stocks reached a 52 week high and 17 those reaching lows totaled. The most active, advancers, decliners, unusual volume and most active by dollar volume can be monitored intraday on the Most Active Stocks page.
The NASDAQ 100 index closed down -1.33% for the day; a total of -90.28 points. The current value is 6,697.09. NVIDIA Corporation ( NVDA ) had the largest percent change down (-13.82%) while American Airlines Group, Inc. ( AAL ) had the largest percent change gain rising 4.55%.
The Dow Jones index closed down -.84% for the day; a total of -208.98 points. The current value is 24,528.22. Caterpillar, Inc. ( CAT ) had the largest percent change down (-9.13%) while DowDuPont Inc. ( DWDP ) had the largest percent change gain rising .64%.
NASDAQ Market Wrap
As of 1/28/2019 4:44:02 PM
BILLIONS OF 2.34 NASDAQ SHARES TRADED TODAY 22 STOCKS REACHED A 52 WEEK HIGH 17 THOSE REACHING LOWS TOTALEDAmerican Airlines Group, Inc. [AAL]TOPS ADVANCERS LISTOF NASDAQ 100 INDEX % 4.55 ROSE
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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NVIDIA Corporation ( NVDA ) had the largest percent change down (-13.82%) while American Airlines Group, Inc. ( AAL ) had the largest percent change gain rising 4.55%. NASDAQ Market Wrap As of 1/28/2019 4:44:02 PM BILLIONS OF 2.34 NASDAQ SHARES TRADED TODAY 22 STOCKS REACHED A 52 WEEK HIGH 17 THOSE REACHING LOWS TOTALEDAmerican Airlines Group, Inc. [AAL]TOPS ADVANCERS LISTOF NASDAQ 100 INDEX % 4.55 ROSE The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The Dow Jones index closed down -.84% for the day; a total of -208.98 points.
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NVIDIA Corporation ( NVDA ) had the largest percent change down (-13.82%) while American Airlines Group, Inc. ( AAL ) had the largest percent change gain rising 4.55%. NASDAQ Market Wrap As of 1/28/2019 4:44:02 PM BILLIONS OF 2.34 NASDAQ SHARES TRADED TODAY 22 STOCKS REACHED A 52 WEEK HIGH 17 THOSE REACHING LOWS TOTALEDAmerican Airlines Group, Inc. [AAL]TOPS ADVANCERS LISTOF NASDAQ 100 INDEX % 4.55 ROSE The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. On the NASDAQ Stock Exchange 22 stocks reached a 52 week high and 17 those reaching lows totaled.
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NASDAQ Market Wrap As of 1/28/2019 4:44:02 PM BILLIONS OF 2.34 NASDAQ SHARES TRADED TODAY 22 STOCKS REACHED A 52 WEEK HIGH 17 THOSE REACHING LOWS TOTALEDAmerican Airlines Group, Inc. [AAL]TOPS ADVANCERS LISTOF NASDAQ 100 INDEX % 4.55 ROSE The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. NVIDIA Corporation ( NVDA ) had the largest percent change down (-13.82%) while American Airlines Group, Inc. ( AAL ) had the largest percent change gain rising 4.55%. On the NASDAQ Stock Exchange 22 stocks reached a 52 week high and 17 those reaching lows totaled.
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NASDAQ Market Wrap As of 1/28/2019 4:44:02 PM BILLIONS OF 2.34 NASDAQ SHARES TRADED TODAY 22 STOCKS REACHED A 52 WEEK HIGH 17 THOSE REACHING LOWS TOTALEDAmerican Airlines Group, Inc. [AAL]TOPS ADVANCERS LISTOF NASDAQ 100 INDEX % 4.55 ROSE The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. NVIDIA Corporation ( NVDA ) had the largest percent change down (-13.82%) while American Airlines Group, Inc. ( AAL ) had the largest percent change gain rising 4.55%. There were 1128 advancers and 2005 decliners for the day.
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45616ec2-6c56-42ac-9834-14613cfe8039
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6688.0
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2019-01-28 00:00:00 UTC
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5 Top Stock Trades for Tuesday: NVDA, CAT, AAPL
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AAL
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https://www.nasdaq.com/articles/5-top-stock-trades-tuesday-nvda-cat-aapl-2019-01-28
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nan
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nan
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips
Stocks were under pressure on Monday, after disappointing announcements from two large cap names. Obviously, we will discuss these stocks in our top stock trades outlook, but it threw a wrench into the plans of investors who had done their trading homework over the weekend. Let's go.
Top Stock Trades for Tomorrow #1: Nvidia
Investors were just starting to think that the worst may be over in Nvidia (NASDAQ: NVDA ). Admittedly, we even took a look at it on Friday as the stock was shaping up quite nicely .
However, management warned that revenue would come in light for the quarter , as would gross margins. They also signaled that it was related to demand out of China, not demand from crypto miners, which hurt the stock last quarter. And in response, shares fell as far as 15% today.
7 Semiconductor Stocks to Buy Now
The plus side though? Shares are off the session lows and did not take out the fourth-quarter lows. Those playing Nvidia now can use Monday's low as their stop-loss. Below there and we likely retest the fourth-quarter lows and possibly go below.
Remember that Advanced Micro Devices (NASDAQ: AMD ) reports on Tuesday after the close, an event that could move Nvidia as well.
Top Stock Trades for Tomorrow #2: Caterpillar
Caterpillar (NYSE: CAT ) is down about 9% after the company reported disappointing earnings . Like Nvidia though, there is a silver lining, however dim it may seem.
On the plus side, CAT is not taking out its lows from last quarter and is in fact holding up above short-term uptrend support. Given the weakness we've been seeing in China, weakness in CAT is not surprising. With that fundamental hiccup and the beating on the charts though, bulls should be careful.
CAT is not much of a buy-on-dips name now given some of these negative catalysts. That becomes even more true if the stock closes below uptrend support. I either want to see shares back above downtrend resistance (purple line) and the 50-day moving average, or retest uptrend support.
Top Stock Trades for Tomorrow #3: Apple
Now above the 21-day moving average and just below a key level near $160, investors are growing anxious about how Apple (NASDAQ: AAPL ) will trade after it releases earnings later this week.
It's bullish to see AAPL stock above downtrend resistance (purple line), its 21-day moving average and short-term uptrend support (blue line). With the company essentially releasing preliminary results earlier this month, investors have seemingly priced in a poor earnings result.
The only concern then becomes a potentially negative outlook. If so, look to see that Apple holds its January lows at $142. Below this mark and AAPL is in some trouble. On a rally, look to see Apple close over $160. The latter move will likely attract breakout buyers and longer-term investors looking to add to their core position.
Top Stock Trades for Tomorrow #4: JPMorgan
This $102 level was important to JPMorgan (NYSE: JPM ) stock for most of 2018, until it broke below it in December. Now consolidating near it, JPM is trying to gear up for a breakout through downtrend resistance (purple line).
Working in favor of the bulls is the fact that JPMorgan and its peers already reported earnings. Further, most of the reports were well received. Look to buy a breakout in JPM over downtrend resistance.
Top Stock Trades for Tomorrow #5: American Airlines
American Airlines (NYSE: AAL ) continues to trade very, very well since the industry came under pressure earlier this month. Up another 4% Monday and AAL is now up almost 20% from its lows.
We highlighted this $30 level for AAL as strong support, warning investors to bail should it lose this mark. Instead, it's held up incredibly well.
7 Stocks That Could Double in 2019
Now what? Traders who want to book 20% gains shouldn't kick themselves for locking in a hefty profit. However, if AAL gets up to $38, I would suggest taking some profits there. The 200-day and downtrend resistance loom and traders will be up almost 27% on their position.
Bret Kenwell is the manager and author of Future Blue Chips and is on Twitter @BretKenwell . As of this writing, Bret Kenwell is long AAPL and NVDA.
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The post 5 Top Stock Trades for Tuesday: NVDA, CAT, AAPL appeared first on InvestorPlace .
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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We highlighted this $30 level for AAL as strong support, warning investors to bail should it lose this mark. Top Stock Trades for Tomorrow #5: American Airlines American Airlines (NYSE: AAL ) continues to trade very, very well since the industry came under pressure earlier this month. Up another 4% Monday and AAL is now up almost 20% from its lows.
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Top Stock Trades for Tomorrow #5: American Airlines American Airlines (NYSE: AAL ) continues to trade very, very well since the industry came under pressure earlier this month. Up another 4% Monday and AAL is now up almost 20% from its lows. We highlighted this $30 level for AAL as strong support, warning investors to bail should it lose this mark.
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Top Stock Trades for Tomorrow #5: American Airlines American Airlines (NYSE: AAL ) continues to trade very, very well since the industry came under pressure earlier this month. Up another 4% Monday and AAL is now up almost 20% from its lows. We highlighted this $30 level for AAL as strong support, warning investors to bail should it lose this mark.
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Top Stock Trades for Tomorrow #5: American Airlines American Airlines (NYSE: AAL ) continues to trade very, very well since the industry came under pressure earlier this month. Up another 4% Monday and AAL is now up almost 20% from its lows. We highlighted this $30 level for AAL as strong support, warning investors to bail should it lose this mark.
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7ffdb686-56d8-46e7-be7c-cfd48b2cadce
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6689.0
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2019-01-28 00:00:00 UTC
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Can American Airlines Hit Its 2019 Earnings Guidance?
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AAL
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https://www.nasdaq.com/articles/can-american-airlines-hit-its-2019-earnings-guidance-2019-01-28
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nan
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nan
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A year ago, American Airlines (NASDAQ: AAL) was riding high. Shares of the world's largest airline peaked at nearly $60 in January 2018, as investors celebrated accelerating unit revenue growth and the permanent reduction of corporate tax rates.
However, American Airlines' revenue momentum started to peter out over the course of 2018, while soaring oil prices put pressure on its profitability. This forced the company to repeatedly cut its full-year earnings forecast. As a result, by late December, American Airlines stock had lost more than 40% of its value.
American Airlines 2018 Stock Performance, data by YCharts .
American Airlines shares bounced back last week after management announced bullish guidance for 2019. If the company can achieve its earnings target, there should be more upside ahead for the stock. But if American's initial full-year forecast proves to be unrealistic again, the recent rally will prove ephemeral.
An uninspiring end to 2018
Last Thursday, American Airlines reported that adjusted earnings per share reached $1.04 in the final quarter of 2018. This was up from $0.93 in the prior-year period and came in ahead of the average analyst estimate of $1.01, but it was hardly an impressive result.
First, revenue per available seat mile (RASM) rose just 1.7% -- near the bottom of the 1.5% to 3.5% guidance range management provided back in October. That also represented a slowdown relative to the 2.7% RASM increase the carrier achieved in the first nine months of 2018.
Second, American Airlines' adjusted pre-tax margin fell to 5.8% last quarter from 6.8% a year earlier. And for the full year, American Airlines posted a subpar adjusted pre-tax margin of 6.3%, down from 9.7% in 2017. As a result, full-year adjusted EPS fell to $4.55, compared to $5.27 in 2017. That fell way short of the carrier's initial outlook. At this time last year, management projected that EPS would come in between $5.50 and $6.50 in 2018.
A mixed outlook
Looking ahead to 2019, American Airlines expects adjusted EPS to rise to between $5.50 and $7.50, up 21% to 65% year over year. Considering that American Airlines stock trades for less than eight times trailing earnings, this guidance looks very positive for shareholders.
On the other hand, management's guidance for the first quarter is nothing to write home about. RASM is on track to rise 0% to 2%. And while fuel prices have retreated significantly since the beginning of October, American Airlines expects to post an adjusted pre-tax margin between 2.5% and 4.5% this quarter, compared to 4.5% in the first quarter of 2018.
In other words, profitability is likely to continue falling this quarter. So while American Airlines expects strong earnings growth in 2019, all of the improvement is supposed to come in the last three quarters of the year. Investors should therefore take the company's bullish full-year forecast with a grain of salt.
Can American Airlines achieve its earnings guidance this year?
American Airlines' full-year earnings forecast appears to anticipate an improvement in both unit revenue and cost trends over the course of 2019. Fortunately, while there's no guarantee that the year will play out as management expects, there's more to this forecast than just wishful thinking.
For one thing, fuel prices were higher in the last three quarters of 2018 than in Q1, so year-over-year fuel cost comparisons will get easier. Additionally, American Airlines is planning for full-year capacity growth of approximately 3%, compared to just 1% in the first quarter. This acceleration in its growth rate should lead to lower unit cost increases in the second half of 2018.
Meanwhile, on the revenue side of the equation, the timing of Easter and the recent government shutdown will negatively impact the first quarter . By contrast, Easter will be a tailwind to unit revenue in the second quarter. Furthermore, American Airlines will benefit from the opening of 15 additional gates at its Dallas-Fort Worth hub beginning in Q2. This extra gate space will allow the carrier to expand at one of its most profitable hubs.
American Airlines doesn't need to hit the high end of its 2019 EPS guidance for the stock to soar. But the company will need to show that unit revenue trends are improving as the year progresses, while also posting consistent margin expansion in the last three quarters of 2019.
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Adam Levine-Weinberg is long January 2020 $20 calls on American Airlines Group. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy .
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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A year ago, American Airlines (NASDAQ: AAL) was riding high. Shares of the world's largest airline peaked at nearly $60 in January 2018, as investors celebrated accelerating unit revenue growth and the permanent reduction of corporate tax rates. However, American Airlines' revenue momentum started to peter out over the course of 2018, while soaring oil prices put pressure on its profitability.
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A year ago, American Airlines (NASDAQ: AAL) was riding high. And for the full year, American Airlines posted a subpar adjusted pre-tax margin of 6.3%, down from 9.7% in 2017. A mixed outlook Looking ahead to 2019, American Airlines expects adjusted EPS to rise to between $5.50 and $7.50, up 21% to 65% year over year.
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A year ago, American Airlines (NASDAQ: AAL) was riding high. A mixed outlook Looking ahead to 2019, American Airlines expects adjusted EPS to rise to between $5.50 and $7.50, up 21% to 65% year over year. And while fuel prices have retreated significantly since the beginning of October, American Airlines expects to post an adjusted pre-tax margin between 2.5% and 4.5% this quarter, compared to 4.5% in the first quarter of 2018.
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A year ago, American Airlines (NASDAQ: AAL) was riding high. A mixed outlook Looking ahead to 2019, American Airlines expects adjusted EPS to rise to between $5.50 and $7.50, up 21% to 65% year over year. And while fuel prices have retreated significantly since the beginning of October, American Airlines expects to post an adjusted pre-tax margin between 2.5% and 4.5% this quarter, compared to 4.5% in the first quarter of 2018.
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7558f473-fa1c-4b04-8507-b3307e9cfcbb
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6690.0
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2019-01-28 00:00:00 UTC
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Noteworthy Monday Option Activity: QCOM, HOG, AAL
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AAL
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https://www.nasdaq.com/articles/noteworthy-monday-option-activity-qcom-hog-aal-2019-01-28
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Looking at options trading activity among components of the S&P 500 index, there is noteworthy activity today in Qualcomm Inc (Symbol: QCOM), where a total volume of 86,664 contracts has been traded thus far today, a contract volume which is representative of approximately 8.7 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 53.3% of QCOM's average daily trading volume over the past month, of 16.3 million shares. Particularly high volume was seen for the $45 strike put option expiring March 15, 2019 , with 15,694 contracts trading so far today, representing approximately 1.6 million underlying shares of QCOM. Below is a chart showing QCOM's trailing twelve month trading history, with the $45 strike highlighted in orange:
Harley-Davidson Inc (Symbol: HOG) options are showing a volume of 9,919 contracts thus far today. That number of contracts represents approximately 991,900 underlying shares, working out to a sizeable 52.1% of HOG's average daily trading volume over the past month, of 1.9 million shares. Especially high volume was seen for the $34 strike put option expiring February 01, 2019 , with 1,681 contracts trading so far today, representing approximately 168,100 underlying shares of HOG. Below is a chart showing HOG's trailing twelve month trading history, with the $34 strike highlighted in orange:
And American Airlines Group Inc (Symbol: AAL) saw options trading volume of 47,614 contracts, representing approximately 4.8 million underlying shares or approximately 49.2% of AAL's average daily trading volume over the past month, of 9.7 million shares. Particularly high volume was seen for the $40 strike call option expiring May 17, 2019 , with 3,059 contracts trading so far today, representing approximately 305,900 underlying shares of AAL. Below is a chart showing AAL's trailing twelve month trading history, with the $40 strike highlighted in orange:
For the various different available expirations for QCOM options , HOG 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.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Particularly high volume was seen for the $40 strike call option expiring May 17, 2019 , with 3,059 contracts trading so far today, representing approximately 305,900 underlying shares of AAL. Below is a chart showing HOG's trailing twelve month trading history, with the $34 strike highlighted in orange: And American Airlines Group Inc (Symbol: AAL) saw options trading volume of 47,614 contracts, representing approximately 4.8 million underlying shares or approximately 49.2% of AAL's average daily trading volume over the past month, of 9.7 million shares. Below is a chart showing AAL's trailing twelve month trading history, with the $40 strike highlighted in orange: For the various different available expirations for QCOM options , HOG options , or AAL options , visit StockOptionsChannel.com.
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Below is a chart showing HOG's trailing twelve month trading history, with the $34 strike highlighted in orange: And American Airlines Group Inc (Symbol: AAL) saw options trading volume of 47,614 contracts, representing approximately 4.8 million underlying shares or approximately 49.2% of AAL's average daily trading volume over the past month, of 9.7 million shares. Particularly high volume was seen for the $40 strike call option expiring May 17, 2019 , with 3,059 contracts trading so far today, representing approximately 305,900 underlying shares of AAL. Below is a chart showing AAL's trailing twelve month trading history, with the $40 strike highlighted in orange: For the various different available expirations for QCOM options , HOG options , or AAL options , visit StockOptionsChannel.com.
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Below is a chart showing HOG's trailing twelve month trading history, with the $34 strike highlighted in orange: And American Airlines Group Inc (Symbol: AAL) saw options trading volume of 47,614 contracts, representing approximately 4.8 million underlying shares or approximately 49.2% of AAL's average daily trading volume over the past month, of 9.7 million shares. Particularly high volume was seen for the $40 strike call option expiring May 17, 2019 , with 3,059 contracts trading so far today, representing approximately 305,900 underlying shares of AAL. Below is a chart showing AAL's trailing twelve month trading history, with the $40 strike highlighted in orange: For the various different available expirations for QCOM options , HOG options , or AAL options , visit StockOptionsChannel.com.
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Below is a chart showing HOG's trailing twelve month trading history, with the $34 strike highlighted in orange: And American Airlines Group Inc (Symbol: AAL) saw options trading volume of 47,614 contracts, representing approximately 4.8 million underlying shares or approximately 49.2% of AAL's average daily trading volume over the past month, of 9.7 million shares. Particularly high volume was seen for the $40 strike call option expiring May 17, 2019 , with 3,059 contracts trading so far today, representing approximately 305,900 underlying shares of AAL. Below is a chart showing AAL's trailing twelve month trading history, with the $40 strike highlighted in orange: For the various different available expirations for QCOM options , HOG options , or AAL options , visit StockOptionsChannel.com.
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4a1fb44a-670c-4dc0-92e1-eeb79a2baf6e
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6691.0
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2019-01-26 00:00:00 UTC
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American Airlines Group (AAL) Q4 2018 Earnings Conference Call Transcript
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AAL
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https://www.nasdaq.com/articles/american-airlines-group-aal-q4-2018-earnings-conference-call-transcript-2019-01-26
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American Airlines Group (NASDAQ: AAL)
Q4 2018 Earnings Conference Call
Jan. 24, 2019 8:30 a.m. ET
Contents:
Prepared Remarks
Questions and Answers
Call Participants
Prepared Remarks:
Operator
Good day, ladies and gentlemen, and welcome to the fourth-quarter American Airlines Group earnings conference call . [Operator instructions] As a reminder, today's conference may be recorded. I would now like to turn the call over to Mr. Dan Cravens, managing director, investor relations.
Sir, you may begin.
Dan Cravens -- Managing Director, Investor Relations
Thank you. And good morning, everyone, and welcome to the American Airlines Group's fourth-quarter 2018 earnings conference call. With us in the room this morning is Doug Parker, our chairman and CEO; Robert Isom, president; and Derek Kerr, chief financial officer. Also in the room for our Q&A session are several of our senior execs, including Maya Leibman, our chief information officer; Steve Johnson Steve Johnson, our EVP of corporate affairs; and Don Casey, our senior vice president of revenue management.
Like we normally do, Doug will start the call with an overview of our financial results. Derek will then walk us through the details on the fourth quarter and provide some additional information on our 2019 guidance. Robert will then follow with commentary on the operational performance and revenue environment. And then after we hear from those comments, we'll open the call for analyst questions and lastly, questions from the media.
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*Stock Advisor returns as of November 14, 2018
[Operator instructions]Before we begin, we must state that today's call does contain forward-looking statements, including statements concerning future revenues and costs, forecasts of capacity traffic, load factor, fleet plans, and fuel prices. These statements represent our predictions and expectations as to future events but numerous risks and uncertainties could cause actual results to differ from those projected. Information about some of these risk and uncertainties can be found in our earnings press release issued this morning in our Form 10-Q for the quarter ended September 30, 2018. In addition, we will be discussing certain non-GAAP financial measures this morning such as pre-tax profit and CASM, excluding unusual items.
A reconciliation of those numbers to the GAAP financial measures is included in the earnings release and that can also be found on the Investor Relations section of our website. A webcast of this call will be archived on the website and the information that we're giving you on the call is as of today's date, and we undertake no obligation to update the information subsequently. So, thanks again for joining us. At this point, I would like to turn the call over to our chairman and CEO Doug Parker.
Doug Parker -- Chairman and Chief Executive Officer
Thanks, Dan. Thanks, everyone, for being on. We reported fourth-quarter and full-year 2018 earnings this morning. For 2018, we had a pre-tax profit, excluding special items, at $2.8 billion for the year.
2018 was a challenging year for us financially. Higher fuel prices per gallon drove an increase in our total fuel expense by $2.2 billion versus 2017 and that led to about a $1.4 billion reduction in our pre-tax earnings. We also had a difficult operations environment during the summer, but we entered 2019 with great momentum and excitement. Derek and Robert will cover this in a lot more detail, but we are dedicated to improving our operations reliability and that work is already taking hold.
And we're excited about how we'll perform going into -- throughout 2019. We have over $1 billion of revenue and cost initiatives that are well under way that we know are going to help us to improve our earnings in 2019 versus '18. We're growing where we have a competitive advantage, thanks in large part to our ability to grow at our largest hub in Dallas Fort Worth. And we are nearing the end of our unprecedented post merger capital expenditure capital requirements, which Derek will talk a little more about.
So, we feel great about where we're positioned. Our team is doing a great job and we couldn't be more proud of the work they're doing to take care of our customers and we are really looking forward to 2019. Consistent with that optimism, we provided some 2019 EPS guidance this morning that has -- that Derek can talk more about it. So, there's a relatively wide range but the middle of that range would have our EPS, up about a little over 40% higher than what we announced for 2018.
So with that said, I'll turn it over to Derek to give you more detail.
Derek Kerr -- Chief Financial Officer
Great. Thanks, Doug, and good morning, everybody. I'd like to start by recognizing our team, who did a great job of taking care of our customers during the busy holiday travel period. Despite challenging weather conditions in some of our hubs the preparation and teamwork of our operations group was evident and it made a real difference for our customers.
So, from all of us, I want to thank you all for all your efforts.We filed our fourth-quarter and full-year 2018 earnings press release this morning. While fuel prices fell during the quarter, our average fuel cost per gallon was 17.5% higher than the same period last year. Excluding net special items, we reported a fourth-quarter net profit of $481 million in 2018 versus 2017 fourth-quarter net profit of $444 million. For the full year, our net income, excluding net special items was $2.1 billion down, 18% versus '17 on a 29% increase in average fuel price.
Our diluted earnings per share, excluding net special items in the fourth quarter was $1.04 per share, up from $0.93 per diluted share in the fourth quarter last year. And for the full year of 2018, our earnings per diluted share, excluding net special items was $4.55. Our fourth-quarter pre-tax profit, excluding net special items, was $634 million with a pre-tax margin of 5.8%. And on a full-year basis, also excluding net special items, we earned pre-tax income of $2.8 billion on a pre-tax margin of 6.3%.
The fourth quarter of 2018 was American Airlines' ninth consecutive quarter of year-over-year total operating revenue growth, which was up 3.1% to $10.9 billion. This represents the highest fourth quarter total operating revenue in American Airlines' history. For the full year, total operating revenues were also a record, up 4.5% to $44.5 billion. On a unit revenue basis, total RASM was up 1.7% for the fourth quarter and up 2.4% for the year.
This growth was driven by the continued enhancements of our revenue management system as well as the positive impact of our basic and premium economy products, which helped drive a 2.9% improvement in passenger revenues for the fourth quarter to $10 billion. For the year, total passenger revenue was up 3.9% to $40.7 billion. Our cargo team finished the year with an excellent fourth quarter, increasing revenues by 3% to two point -- for $264 million. This growth was due primarily to higher cargo yields.
And for the first time ever, our cargo revenue exceeded $1billion for the full year. So, congratulations to the cargo team. They worked hard to reach this milestone and we look forward to growing this segment of our business in 2019 and beyond. We've seen strength in our loyalty program all year and that trend continued in the fourth quarter, driving other revenues higher by 6.3% to $712 million for the quarter.
Full-year 2018 other revenues were $2.9 billion, an increase of 9.7%. Total operating expenses in the fourth quarter of 2018 were $10.4 billion, up 4.2% due primarily to a 19.6% increase in consolidated fuel expense. For the full-year 2018, fuel costs were up nearly 32% or $2.4 billion, which drove a 9.1% increase in total annual operating expenses. When fuel and special items are excluded, our unit costs decreased in the fourth quarter by 0.2% compared to 2017.
This was due in part to the success of our One Airline cost initiative. This project gained momentum during the year and as a result, our full-year 2018 CASM, excluding fuel and special items, was up only 1.4% as compared to the projected increase of 2% that was guided to at the beginning of the year. It's worth noting that we were able to beat our unit cost projections despite lowering our capacity growth by more than 50 basis points from our initial expectations at the beginning of the year. Turning to the balance sheet, we ended the quarter with approximately $7.6 billion in total available liquidity.
During the quarter, our Treasury team completed several transactions, including upsizing and extending our existing $2.5 billion -- to $2.8 billion while improving the undrawn economics. We have committed financing for all mainline aircraft deliveries through 2019 -- through June 2019 and continue to evaluate financing options for our remaining mainline and regional aircraft deliveries in 2019. In 2018, we made contributions of $467 million to our defined benefit pension plans. For 2019, we now intend to make contributions of $800 million, up slightly from the $780 million that we projected in our last earnings call .
Rising interest rates have helped our pension liability and brought it down by $1.4 billion. However, the sell-off and risk assets in the fourth quarter resulted in a negative asset return for the year, driving the increased contribution in order to maintain our desired funding status for all of our plans. During 2018, we lowered our adjusted debt, including pensions by approximately $760 million. We anticipate our 2019 year-end adjusted debt will be lower by more than $1 billion compared to year-end 2018.
Over the next few years, this trend is planned to continue as we pay down our existing obligations and our new aircraft deliveries slow significantly after 2019. During the quarter, we did adopt early the new lease accounting standard, which requires leases to be recognized on the balance sheet as liabilities with corresponding right-of-use assets. The early adoption of this standard benefited pre-tax income, excluding net special items in the fourth quarter by $54 million, of which a significant portion relates to prior quarters in 2018. We will recast 2018 quarters for the adoption of a new lease accounting standard in our 2018 10-K filing.
We did not purchase any stock during the quarter of 2018, leaving our available authorization for stock buybacks unchanged at $1.65 billion. We continue to believe our stock is undervalued. Unfortunately, the fall of oil prices , which improved our liquidity outlook at the end of the year occurred during a closed trading window, and as a result, we were unable to resume stock repurchases during the fourth quarter despite ending the quarter $600 million above our threshold. However, our plan is to is still to return excess cash above our $7 billion liquidity threshold to our shareholders as we have done in the past.
We filed our Investor Relations update this morning, which includes our guidance for the first quarter and full-year 2019. We anticipate our capacity will grow approximately 3% during 2019 with growth in approximate -- of approximately 1% in the first quarter. The full-year capacity growth will come primarily from incremental flying out of our new gates at DFW, our most profitable hub, to be worth about 2% of that growth as well as our fleet harmonization project that is adding seats to our existing narrow-body aircraft. That's about 0.5% and allows us to grow capacity in an extremely efficient way.
Given the timing of these two initiatives, we expect that our capacity growth will be weighted more toward the back half of 2019. The full -- for the full year, we expect our cost per ASM, excluding fuel and special items and new labor deals, will grow at the top end of the 1% to 2% range that we gave previously. This is higher than previous guidance due to an increase in sale leaseback transactions on our aircraft and higher-than-expected growth in profit sharing on larger expected earnings improvement. Overall CASM growth in 2019 is primarily driven by increased maintenance expense from required engine overhauls, increased airport run expense at our hubs, and higher earnings-related salaries and expenses, primarily from increased profit sharing.
Due to the ASM growth weighted in the back half of the year, our annual CASM increase will not be spread evenly throughout the year and will be front-end loaded. For the first quarter, our CASM is expected to be up approximately 4% year over year. This rate of growth is the highest of the year due to the lower ASM growth as well as the timing of aircraft maintenance, salaries and benefits, and selling expenses throughout the year. CASM growth is expected to decelerate to approximately 2.5% in the second quarter and further decline to approximately 1% in the third and 0.5% in the fourth for 2019.
Fuel prices fell sharply at the end of the fourth-quarter 2018 and we anticipate lower fuel expenses during 2019 based on the forward curve as of January 22nd. We are forecasting a decrease in consolidated fuel expense of 8.4% or approximately $830 million for the full-year 2019 as compared to '18. We expect our average fuel price will be between $1.97 and $2.02 per gallon in the first quarter, and be around $1.99 to $2.04 for the full year. We also guided to our first-quarter 2019 TRASM increase of flat to up 2%, and Robert will provide more details on our revenue guidance in his remarks.
With this revenue and cost guidance, we expect our first-quarter 2019 pre-tax margin, excluding net special items, to be between 2.5% and 4.5%. Finally, we anticipate that our earnings per diluted share, excluding net special items, will be between $5.50 and $7.50 in 2019, and as Doug said, an increase of approximately 40% at the midpoint over our 2018 adjusted earnings per share. This forecast includes our expectations of an incremental $1 billion in revenue improvement and $300 million in cost reductions from the One Airline initiative I talked about earlier. We expect total capital expenditures for 2019 of $4.7 billion.
This will include $3 billion in aircraft CAPEX as we take delivery of 31 new large regional jets to replace 50 seaters, along with 37 narrow-body aircraft to replace our MD-80 fleet that will retire after the summer and also an additional two 787 aircraft. In line with previous guidance, we continue to expect that our non-aircraft CAPEX will be $1.7 billion in 2019. Total CAPEX is presently expected to fall to $3.3 billion in 2020 and $2.2 billion in 2021 as our fleet renewal program winds down. So, looking forward, 2019 will be exciting year for American Airlines.
We're executing on more than $1.3 billion of annual revenue improvement and cost revenue initiatives, and we'll combine that with additional -- with the additional of high-margin growth at our most profitable hubs and planned operational improvements. We expect significan t earnings growth in 2019.And with that, I will turn it over to Robert.
Robert Isom -- President
Thanks, Derek, and good morning, everyone. Before I begin, I too like to thank our team. 2018 was a challenging year for our company as we faced rising fuel prices, difficult weather conditions, the uncertainty of trade wars, and the early stages of a government shutdown. Despite these challenges, our team did a fantastic job of taking care of customers and each other.
These actions most certainly made a difference and demonstrated our resiliency. We're a team that collaborates to depth and continues to move forward. So from all of us, thank you again for a job well done. Operationally, since the merger, we had been making steady progress in improving our core operating metrics but we fell short in 2018 of our targets.
On our las t earnings call , we highlighted some of the initiatives we are undertaking, including making the fleet ready to go each morning, making sure that we resource our team to turn aircraft throughout the day. We also continue to evaluate and fine tune our planning processes to ensure that we are ready to deliver better service during peak scheduled periods. These efforts are starting to pay off. During the December holiday period, our system level on-time departure performance, improved by 4.5 points year over year and our completion factor improved by 1.3 points.
At the Hub level, we saw double-digit improvements in on-time departures at Reagan National, New York JFK, and LaGuardia, and Philadelphia. We also saw 25% improvement in mainline aircraft out of service during that same period. We're encouraged with the progress we've made thus far and look forward to keeping that going in 2019. We also completed another major integration project in the fourth quarter.
The integration of our 27,000 flight attendants. This is an important milestone and our largest and most complicated integration project to date. It involves programming new work rules and managing complicated pay processes in line with those work rules. Importantly, training schedules and a multitude of other pieces have to work perfectly for this very important team.
We're starting to see the benefits of our flight attendants now that they can fly on any aircraft in our fleet and they also have the flexibility to transfer to different bases. For our customers, we'll be able to recover much more quickly during irregular operations as we can intermix crews. And for both the company and flight attendants, we'll get a lot more efficient with scheduling our aircraft and team members. Switching gears from integration work to product, throughout 2018, we made great progress improving the overall experience for our customers.
We've invested $25 billion in our team, in our facilities, in our product and fleet since we emerged five years ago. That $25 billion represents the largest investment of any carrier in the history of commercial aviation in such a short time period. These investments are transforming our product and creating a consistent and reliable airline for this coming year and long into the future. On the product side, we've now activated free live TV on 270 aircraft and we continue to be the only U.S.
carrier to offer live television on international flights. We believe our customers want faster and more consistent connectivity for work and to stream entertainment to their mobile devices. Our installations of high-speed WiFi and in-seat power throughout our long-term domestic fleet are on track with 570 mainline narrow-body aircraft already complete. All plan narrow-bodies will be done by the middle of this year.
If you haven't experienced the ease and speed of this connectivity, you're in for a terrific experience. In addition, we launched new fresh food items from Zoe's kitchen in our main cabin and the uptake has been extremely positive. We're also growing our network of flagship first dining and flagship lounges with DFW opening in the second quarter. Admirals Club network updates are also under way with facility refresh projects in Boston, Charlotte, B Concourse, and Pittsburgh in the first half of 2019.
For network, we had a new international service in 2018 to Reykjavik, Budapest, and Prague, which were all very well received by our travel agent and cruise partners. This year, we'll continue to play to our network strengths with high-margin growth plan for Dallas Fort Worth and Charlotte hubs. At DFW, we're adding 15 new gates and roughly 100 departures per day. These additional departures will begin in April, and importantly, this capacity will be added into a robust and diverse local economy here in Texas, which is one of the fastest U.S.
-- growing U.S. markets both in terms of GDP and wages. We'll also add new transatlantic service to the Tuscany region of Italy, Berlin, Germany, and Dubrovnik, Croatia out of our hub in Philadelphia. And lastly in Washington D.C., construction continues on the new regional terminal in DCA.
We're expecting completion of that regional terminal in 2021. Sounds like a far-off date but it'll come quickly and we'll be ready. Our plans include up gauging aircraft to further grow this important market. Our global sales and distribution team is executing well on their initiatives, producing overall revenue growth that has outpaced system revenue growth.
We continue to build and diversify our portfolio of small business accounts at a historic pace, and we're seeing a record number of these small business accounts graduate into entry-level corporate contracts at a rate that is nearly 10 times that of last year. In growing our small business programs, we are not only delivering strong results today but we are also establishing a foundation for growth in the long term. In addition, we have launched both TripLink and additional international forms of payment to grow direct bookings. For our loyalty program, 2018 marked another year of revenue growth, which grew by high-single digits on a year-over-year basis.
We continue to see strong year-over-year growth in advantage program enrollments and co-branded credit card acquisitions. Our 2018 improvements in the Citi Advantage platinum select MasterCard and the launch of the no-fee AAdvantage MileUp provide added value to customers, and we're really seeing the benefits -- the revenue benefits of this expanded portfolio. Our Citi platinum and Aviator Red MasterCards remain our most popular cards and the new advantage MileUp card is exceeding our expectations. And our Citi Advantage executive card acquisition saw growth as well, reflecting strength across a range of card segments.
With a record number of co-branded AAdvantage MasterCard acquisitions in 2018, we believe our dual issuer model is delivering attractive choices for our customers. We expect these strong results to continue for our program in 2019. Product segmentation has added another dimension to our business and our strategy continues to perform very well. In 2018, we added premium economy to more than 100 aircraft out of a total of 124 planned aircraft.
American has more aircraft with premium economy than any other U.S. airline. The average fare for premium economy continues to be twice the coach fare. And when we look at the booking profile for this product, it is clear that customers are buying up from the main cabin.
Installations remain on track and we expect them to be complete by this summer. Looking forward, we will further monetize premium economy with new revenue management and merchandising capabilities. Basic economy as has also been expanded. We now offer this option across the entire domestic network as well as most of the Atlantic, Caribbean, Mexico, and Central America.
We've made a number of refinements to the program to ensure that we are competitively considered, including eliminating the carry-on bag restriction. With this change, we are now able to roll out our full range of fares to more than twice as many customers as before. Since this change, the average up-sell rate continues to be around 60%, which has exceeded our initial expectations. In addition, the sell-off amount has increased by $5 and is now approximately $26.
All of this has resulted in record fourth-quarter revenue of $10.9 billion, up 3.3% year over year. As Derek mentioned, we saw solid growth in other revenues, driven in part by continued strength in co-brand credit card acquisitions and cardholder spend. On our unit revenue basis, total revenue per available seat mile improved 1.7% year over year. This marks the ninth consecutive quarter of positive revenue growth for American.
When looking across the regions, the Atlantic was the best-performing entity for the third consecutive quarter as we are able to grow load factors with only a minor impact on yield. Basic economy is doing well as is premium economy, and we see no impact from Brexit at this point. Moving to Latin, although slightly negative, we did quarter-to-quarter improvements in Argentina, Brazil, and Mexico, which is encouraging. Foreign exchange had a negative impact on the quarter of 1.6 points.
In the Pacific, the weaker markets got better while the better markets, Japan and Korea, got a little bit worse. We were negatively impacted by the timing of joint business settlements by approximately 2 points and foreign exchange by 0.5 point. Despite very difficult comps, we saw improvements during the quarter in domestic yields, in part due to selling basic economy higher up the fare ladder and expanding it into more markets. Looking forward, we are ahead on load factor each month as we see strong build further from departure.
We're excited about our planned growth in DFW, which marks our first opportunity for sizable growth at one of our most profitable hubs since the merger. We face headwinds in the March quarter of 0.5 point due to Easter shift, 0.7 points due to foreign exchange, and 0.7 points from our Advantage program, which is due to the big investments we have made over the past year in the program, making it much more valuable to our customers. We significantly increased the inventory available for redemptions in 2018, giving our customers more flexibility to use their miles. The net result of this change is that we'll be deferring more revenue from 2019 for recognition in later years.
For the year, we expect a non-cash impact of 0.7 points. Even with these headwinds, we expect our first quarter year-over-year system TRASM to be up between zero and point -- and 2%. As we look forward into 2019, we are excited about what the future holds for American Airlines. Now that most of the distractions of integration are behind us, we are intently focused on running the best operation in American's history, improving our product and capitalizing on our network.
We have more than $1 billion in revenue initiatives that we're confident that we will deliver, and we feel really good about how these are shaping up. We'll continue to expand premium economy and fine tune how we offer basic economy across our network. We also expect to continue our fleet harmonization product -- project and continued -- and further optimize how we sell this -- that product. And we expect to become more efficient with more than $300 million dollars in cost initiatives in our plan.
All of these initiatives are on track and expected to be earnings accretive this year. We're excited about the future and look forward to sharing these results as the year progresses. And with that, I'd like to turn the call back over to the operator to begin our Q&A session. But first, we're gonna give it to Doug.
Doug Parker -- Chairman and Chief Executive Officer
Before that, operator, just want to let everybody know that in addition to me and Derek, and Robert and Dan in here, we have a number of -- a handful of the best leadership team in the world here, which include -- we have Ben Mimmack, Kenji Hashimoto, Elise Eberwein, Maya Leibman, Steve Johnson, Don Casey, Devon May, all here. So, fire away.
Questions and Answers:
Operator
Ladies and gentlemen, we will now begin the question-and-answer session. We will take questions from analysts first and then we will take questions from the media [Operator Instructions]. Our first question will come from the line of Michael Linenberg with Deutsche Bank. Your line is open.
Michael Linenberg -- Deutsche Bank -- Analyst
Hey. Good morning, everyone. Two questions here. Robert, just you were talking about basic economy and slowing it up, further up the fare ladder.
And I'm just curious what that means. I think in the past, it was in a lower maybe four or five fare buckets. And the $5 improvement in the sell-up difference to $26, typically you're dealing with a very price-sensitive customer base at that part of the passenger segment base. Are you finding that that elasticity of demand maybe is less elastic and there's willingness to move up because it's a much better product? Your thoughts on those.
Doug Parker -- Chairman and Chief Executive Officer
Don, you want to go ahead?
Don Casey -- Senior Vice President of Revenue Management
Hey, Michael, it's Don Casey. High up the fair ladder just means we get where -- again, we're just going to up the fare ladder higher, right. So, it does vary from market but we're up about two -- on average about two inventories from we were about four months ago. As for elasticity a $5 fare increase, that's -- we have in market right now.
With that $5 fare increase, we've actually seen the sell-up rate remain quite constant, right. So, we don't think we've hit a point where the sell-up amount is deterring people from buying up.
Michael Linenberg -- Deutsche Bank -- Analyst
OK. Great. And then just a second question on cost. When you talk about your cost outlook for 2019, you call out that it doesn't include any sort of labor agreements.
Where -- what is it? Are we down -- what is it one other labor group that has to get done. Is that -- I just want an update on that.
Doug Parker -- Chairman and Chief Executive Officer
Sure. We have -- well, there's the -- our [Inaudible] negotiations, which represent a number of workers, the largest of those are mechanics and fleet service clerks. Those are with the NMB right now and mediatory conversations. That's the only joint collective bargaining still to be done, Mike.
We -- it's been long enough into the merger though that we're getting close to amendable dates on our products, employees, and as both of those become amendable toward, well, one of them. One of them in December of this year and the other in January of 2020.
Michael Linenberg -- Deutsche Bank -- Analyst
OK. Great. Very helpful. OK.
Thanks for the update, everyone.
Operator
Thank you. Our next question comes from the line of Joseph DeNardi with Stifel. Your line is open.
Joseph DeNardi -- Stifel Financial Corp. -- Analyst
Yes. Hi, everybody. Robert, you mentioned kind of the growth strategy focus in DFW and that's your highest margin hub. I'm wondering if you guys could maybe quantify that a little bit more.
You've quantified it before by kind of lumping it in with DCA and Charlotte. But can you get more granular and just tell us what the operating margin at DFW was or pre-tax margin was in 2018? I think that would help investors kind of better appreciate why your growth is doing what it's doing.
Robert Isom -- President
Well, just first off in terms of a little bit more granularity, of our planned growth for this next year, the three -- roughly 3% growth year over year, DFW represents about two thirds of that, and so we're really pleased with that. And when you take a look at hub profitability, DFW, Charlotte, DCA, those are all our most profitable hubs. And so we see ourselves growing into incredible strength and really look forward to be able take this opportunity. And I mentioned that this is really our first chance to grow one of our most profitable hubs.
It's still [Inaudible] having these additional gates. So, we're really happy to get to this point and it's going to be mean big things for the company.
Doug Parker -- Chairman and Chief Executive Officer
Hey, and, Joe, it's Doug. So, anyway we don't make a habit of disclosing profitability by hub. It's one we haven't done that historically but also it varies a lot by time of year. But nonetheless, what Robert said is where we are is certainly one of our more profitable hubs, certainly in terms of size and also the margins are well above the system average.
We did at one point put a slide together, which I know most of our investors have seen. I talked about the margins of those three hubs versus the rest of the system. And anyway, that's -- we'll probably going to keep doing it.
Derek Kerr -- Chief Financial Officer
DFW is twice the system average.
Doug Parker -- Chairman and Chief Executive Officer
So, anyway, it is definitely above system average. And the good news is we, like other airlines, when you add flights into those type of hubs, they tend to come on at above system average margins as opposed to at marginal profitability.
Joseph DeNardi -- Stifel Financial Corp. -- Analyst
OK. Yes, that's very helpful. And then, Derek, I don't want to beat you up too much on this, but I do feel like on the last call, there was some commentary that CAPEX in 2020 wouldn't exceed three and wouldn't exceed two. And now it seems like it is going to be higher.
Can you just talk about what's driving some of that and whether this current CAPEX outlook is firm at this point and investors can assume that what you guys have guided to is actually going to materialize. Thank you.
Derek Kerr -- Chief Financial Officer
No, no. Yes, it's a fair question. We did right after the call, last -- our last call, we had an option on 15 large RJs that we had not completed at that point in time and we didn't talk about it. So, the real increase in 2020 is the 15 large RJs that will pretty close to max out our large RJ scope, so we don't expect anymore.
They will replace 50 seaters that are out there. So, it's not for growth because we have a number of regional aircraft that we can have. So, that is the only one item that is out there that we had left for us. So, I think we are pretty firm on 2020, 2021, where we're at from a CAPEX number, but that wasn't an increase from where we said before, and it was 15 regional jets coming in 2020 time frame.
Joseph DeNardi -- Stifel Financial Corp. -- Analyst
Thank you.
Operator
Thank you. Our next question comes from the line of Jamie Baker with JPMorgan. Your line is open.
Jamie Baker -- J.P. Morgan -- Analyst
Hey, good morning, everybody. First one for Robert or Don -- good morning. The comment about outperforming your network competitors on RASM this year, I don't want to get into a modeling exercise here, but since the first quarter guide is in fact no different than Delta or United, can you give us some color on what period you do expect to start overtaking the competition? I understand the $1 billion figure. I guess, I just don't understand what buckets phase in and when? For example, how much is the credit card step-up contributing to that, any additional color?
Doug Parker -- Chairman and Chief Executive Officer
We have -- we're very confident about the ready initiatives, right, that we have and how that revenue flows in during the course of the year. We're also going to benefit in 2019 from either comps year over year, which kind of were a drag on our performance this year. And so I think that goes back to -- and our investment in Dallas, I think is going to be one of the big drivers of improvement for us and that doesn't start until we get into the summer.
Jamie Baker -- J.P. Morgan -- Analyst
OK. That's helpful. And then for Derek or possibly Doug, can you give us a little bit more color as to how the full-year capacity plan emerged. Specifically were you meaningfully above or below the 3% number at any point? What influenced the 3% outcome? Or put differently, did the marketing department or fleet planning potentially wield more influence on that? Just any sort of genesis as to how the 3% came about would be useful.
Thanks.
Doug Parker -- Chairman and Chief Executive Officer
No, I can step in on that. Look, we grow, we take advantage of opportunities that we think are beneficial for the airline overall. As I said before, we're going to take advantage of opportunities, both in DFW and in Charlotte. In DFW, two thirds of the overall growth.
As you break down the rest of the growth, it's departures and into devices, we think make a lot of sense. We have got some gauge that fits into that as well. And the reallocation of international flying, as we talked about, the restructuring of our international network is what results in the level that we're projecting for this coming year. So, we're really confident that this is the right plan for American, taking advantage of the assets that we have and well within our ability to execute on.
Jamie Baker -- J.P. Morgan -- Analyst
Well, just humor me then. If we were to roll back fuel prices and roll back your thought process to that of, let's call it, the first week of October and where jet fuel has been, would 3% still what you were thinking for 2019 at that point?
Derek Kerr -- Chief Financial Officer
Yes, this is Derek. The level of ops was put together in October -- September, October time frame and has not changed since the fuel prices changed. So yes, that did not impact where we are from a capacity perspective.
Jamie Baker -- J.P. Morgan -- Analyst
Perfect. That's helpful. Thank you, gentlemen.
Doug Parker -- Chairman and Chief Executive Officer
Thanks, Jamie.
Operator
Thank you. And our next question comes from the line of Rajeev Lalwani with Morgan Stanley. Your line is open.
Rajeev Lalwani -- Morgan Stanley -- Analyst
Hi. Good morning.
Doug Parker -- Chairman and Chief Executive Officer
Hi, Rajeev.
Rajeev Lalwani -- Morgan Stanley -- Analyst
Doug, a question for you just on the '19 earnings guide. How do we get comfortable that you're not sort of capturing the best of all worlds in the guide? I mean, you've got lower fuel but then you've relatively steady RASM going forward, CASM continuing to get better. So I guess, overall, I mean, I think history has shown lower fuel leads to much weaker revenues as timing evolves, but you're showing that. So, just trying to get comfortable with what you're putting out there, I guess.
Doug Parker -- Chairman and Chief Executive Officer
Sure. Look, first of all, it's forecasting airline earnings a year out, we all know, and we certainly learned, is -- has a lot of variability around it. So we put some variability and what we did is provided what we believe is for our investors our best guess at this point about where we're going to come in. And we feel quite comfortable with it.
We wouldn't have done it otherwise. As it relates to the point about fuel prices falling when fuel prices so do revenues, I would just note again what Derek just said. We haven't changed any of our capacity plans, because fuel prices are lower. I think it's important to kind of replay what drives airline changes in capacity driven by fuel prices.
And this doesn't feel anything like what maybe you've experienced in recent terms at least to us. We all know that back in 2015 actually oil prices have been over $100 for five years they fell down to $45, $50. And yes, when they stayed there for a while when you see that kind of a change in fuel price, you're going to see capacity coming in, as you should. If the cost of production drop that much, profitability goes up and production goes up.
So, that doesn't seem irrational, never seemed irrational at the time. What's happened here is having stayed that level for whatever it was, two and a half, three years in the $45 to $50 range, oil prices ran up pretty quickly. Through 2017 and '18, we got at levels around $80 a barrel per Brent and above. And the industry was somewhat getting itself well at those levels, but not all the way and now it's corrected some of it, but not nearly all of it.
So I'm not suggesting that this is going to correct all the way. What I'm pointing out is simply this fall from -- I know these are rounded number here but from $80 a barrel Brent to $60 a barrel Brent, I don't think makes -- I know for American Airlines it doesn't a wit of difference on how much where we are going to fly. I don't think it makes a wit of difference for the industry, frankly, because we hadn't got our self adjusted to run up to $80 and it falls back to $60, I think. I don't think it makes sense to make huge adjustments in revenue, but we'll see, but that's our view.
Rajeev Lalwani -- Morgan Stanley -- Analyst
OK. And a quick follow-up on the capacity side, and I think Jamie was asking about this earlier. So, previously you had talked about sub-GDP sort of capacity growth, I think most of us were assuming sort of 1% to 2% and now you're coming in at 3%, which I guess is GDP-plus. Maybe my general assumptions are incorrect.
But can you just walk me through what changed if something did in fact change?
Doug Parker -- Chairman and Chief Executive Officer
I think Derek just said it doesn't change, and there are GDP estimates out there that certainly 3% and higher. So, to the extent we produce the number other than what we announced today, and this is right in line with what we've been thinking all along. And again, I would note, given where we're growing, we feel really comfortable with this level of growth.
Rajeev Lalwani -- Morgan Stanley -- Analyst
Thank you, sir.
Operator
Thank you. Our next question comes from the line of Hunter Keay with Wolfe Research. Your line is open.
Hunter Keay -- Wolfe Research -- Analyst
Thanks. Good morning, everybody. I do want to continue on this line a little bit that Jamie brought up as well. And Doug, before you guys just said you're going to grow less than competitors, and now you are saying you're going to grow RASM more than competitors.
And I appreciate that shift and that is a change. I'm hoping fuel prices aside for a second. Is there any change to how you guys are thinking about capacity in the context of market share and maybe are you kind of line of sight on better ops, you feel better about maybe, I don't want to say, sticking-up for yourself. But maybe being a little bit more tactically aggressive in keeping some share where it does make sense to do it, because again the change -- the drop of growing less than and now growing RASM than more than, is a change.
And I'm wondering kind of what drove that language difference.
Doug Parker -- Chairman and Chief Executive Officer
You said RASM, you mean ASMs?
Hunter Keay -- Wolfe Research -- Analyst
Yes, you -- I'm sorry. Yes, you said you are going to grow ASMs less. Now you're saying you're going to grow RASM more. So it's a change.
And I'm just kind of curious just to know what drove that language change.
Doug Parker -- Chairman and Chief Executive Officer
Yes, OK. Fair enough. Anyway, I don't think that's a change, but anyway I'll try again. So, we have, I believe, consistently we've said that we believe where American Airlines is we have a largely mature network.
And that you should expect to see us grow at certainly domestically kind of in line with GDP growth, and that's what we've been doing. And this 3% number is not, I don't think dramatically different than that to the extent you assume there was something different in that. And any, we didn't mean to suggest anything other than that. We have not changed that number from the time we started producing level of ops as Derek said, six or nine months ago.
So that hasn't been a change and indeed I think is entirely consistent with what we've said, which is we expect to grow somewhat in line with U.S. GDP growth. And also we did say, we think that's lower than we're seeing at competitor, and that's certainly the case. There may be a competitor that maybe a little bit lower than us.
I don't even know if that's the case, but if we're not the lowest we're the second lowest at this number. So all of that seems entirely consistent to me with what we said in the past. We haven't made any changes to our capacity growth based upon anything other than where we see growth capabilities. And I can't stress enough the fact that when you get 10 gates at your -- at a hub -- 15 gates at Dallas-Fort Worth that's a huge growth opportunity.
But despite that, we're still growing in line with or maybe modestly higher depending on what your GDP estimates are, in line with GDP.
Derek Kerr -- Chief Financial Officer
And I'll just add that our growth is -- it's being funded by improved density from up-gauges and improved aircraft utilization.
Hunter Keay -- Wolfe Research -- Analyst
Yes, thank you, Doug.
Doug Parker -- Chairman and Chief Executive Officer
Yes, and then the piece I was looking, Hunter, in RASM is growing faster. I don't think -- the fact that -- at those levels of capacity growth, we do believe that our unit revenues will still grow faster than the industries, because of the initiatives we have in place. But those are -- I don't think that's inconsistent, Hunter.
Hunter Keay -- Wolfe Research -- Analyst
Yes. No, it's not. Again, I didn't mean for the question to be negative. [Inaudible]
Doug Parker -- Chairman and Chief Executive Officer
I didn't take it that way.
Hunter Keay -- Wolfe Research -- Analyst
OK. Good. Again, and this is just my -- I guess I'll just ask a true follow-up. Again, I'm just wondering if there's been a change in philosophy about how you're thinking about growth in the context of what's happening in the industry.
I'm not saying your plan changed, fuel or whatever. Are you just going to say like we're going to sort of start punching a little bit harder here and fight for what's ours and fight for share that we think we deserve? And philosophically, how you're thinking about that in the context of what's going in the broader competitive industry. And it's not that anything has changed with the plan, just sort of philosophically, how you're thinking about capacity growth going forward.
Derek Kerr -- Chief Financial Officer
Hunter, look, we go back to look where a global hub-and-spoke airline. Our greatest assets are our hubs and you will see us take advantage of opportunities in our hubs. And we are going to be incredibly competitive everywhere. The one thing I will say as well is I think we are being smart with how we deploy capacity as well and taking advantage of the dynamics of our hubs as well.
So some of the things that you may see going forward is that from a seasonal perspective, some of the hubs Phoenix, Chicago performed better at certain points of the year than otherwise. And so, you will see us flex to take maximum advantage of those opportunities. And the good news is that as we push for fleet commonality, as we've rationalized our regional partners and reduced sub fleets, as we have gotten through integration and now can make full use of our team, you're going to see us be very smart about making sure we take advantage of opportunities throughout the year.
Hunter Keay -- Wolfe Research -- Analyst
OK. Thank you.
Doug Parker -- Chairman and Chief Executive Officer
Thanks, Hunter.
Operator
Our next question comes from the line of Duane Pfennigwerth with Evercore. Your line is open.
Duane Pfennigwerth -- Evercore ISI -- Analyst
Hey. Thanks.
Doug Parker -- Chairman and Chief Executive Officer
Good morning.
Duane Pfennigwerth -- Evercore ISI -- Analyst
So, just this EPS guidance is a relatively new experience for airlines and I'm wondering if you could reflect on 2019. The execution versus that guidance, what are the lessons learned and how did that impact your guidance and your plans for 2019?
Doug Parker -- Chairman and Chief Executive Officer
Sure. This is Doug. I'll try. Anyway, we -- I don't think it's a secret, we reluctantly -- anyway, we were reluctant participants in this exercise.
Feeling really strongly that we think the best thing for us to do for our shareholders is not to try and project what the earnings are going to be but rather go run our business as best we can and tell you what our plans are and let you do that, but also understand that it's important to a number of our shareholders that we at least give them more guidance than that. And as other airlines went and started giving full-year EPS guidance, we chose to do as well. So, we like you are somewhat -- as you say are somewhat new to this. Our experience last year was -- anyway, we ended up having to, which we adjusted downward a couple of times, which of course you don't like to do that was each time there was a reason.
Given that again it seems logical, at the time. Had we known it, we wouldn't have the numbers as high as they were. So anyway, that's -- I don't know how other to explain it other than to say we're doing our best, given the experience, I'll tell you this. We've certainly worked to make sure that we have a wide enough range that we feel comfortable, because we don't want to actually adjust it again and hope that we don't need to, so we come up with a pretty wide range, but also done our best to give you a number that we feel really confident.
And certainly last years' experience weighed on where we decided to set that guidance, because we don't want to have that experience again. No guarantee we won't but we don't want to.
Duane Pfennigwerth -- Evercore ISI -- Analyst
Thanks, Doug. And then just for my follow-up, one of your peers has started to break out percent of revenue generated from premium products, and basically revenue away from the main cabin and the implied higher growth embedded in those initiatives. Have you studied that disclosure at all and would it make sense for American also? Thanks for taking the questions.
Robert Isom -- President
Yes, we have looked at it. We in the fourth quarter I think had a slightly different metric, just looking at premium cabin performance. Premium cabin performance actually drove about a third of our overall unit revenue growth in the fourth quarter.
Derek Kerr -- Chief Financial Officer
And, Duane, this is Derek. I mean, we looked at it, as we go into 2019 of maybe something that we break out further. It's not easy to put things in all these buckets, but we will look at it more in 2019 to determine whether we want to break out the P&L little bit farther.
Duane Pfennigwerth -- Evercore ISI -- Analyst
Thank you.
Doug Parker -- Chairman and Chief Executive Officer
Thanks, Duane.
Operator
Thank you. Our next question comes from the line of Helane Becker with Cowen. Your line is open.
Helane Becker -- Cowen and Company -- Analyst
Thanks, operator.
Good morning, Helane.
Hi, everybody. Thanks for your time. So here's my -- can you hear me OK?
Doug Parker -- Chairman and Chief Executive Officer
Yes, I think we can hear you.
Helane Becker -- Cowen and Company -- Analyst
OK. Perfect. I was a little confused there. So two questions.
One, can you say what the biggest bucket is in terms of the billion dollars in incremental revenue this year? And my second question is if you pulled your customers, what would their number one compliant be about the airline and how are you addressing that?
Robert Isom -- President
OK. So the biggest bucket is really what we're doing in terms of segmentation, so basic and premium economy are the two largest drivers. Then as we take a look in that billion dollars, we've talked about big opportunities within segmentation. We've talked about big opportunities within merchandising.
Those we hope are willing to start kicking in later in the year. And the final bucket that we see a lot of opportunities is network. And we talked about DFW and getting to 900 departures but as well that involves restructuring the network and making sure that we're putting aircraft where they want to go. In terms of the customer feedback, we know what the biggest point of concern and issue with our customers and that is they want a reliable airline, they want to be certain that they are getting what they paid for.
And so from that perspective, as we take a look at our goals for the coming year, that is top of mind everywhere. And so we have -- and for us, it's upside. We didn't perform as well as we wanted to in 2018. We expect to reverse that very quickly.
And we're pleased with the kind of things were seeing, especially over the holiday season and as we get into January.
Helane Becker -- Cowen and Company -- Analyst
So, can you say, Robert, if your net promoter score like improved, let's say, if you did it in January of '19 versus maybe July of '18?
Robert Isom -- President
No. So we have a lot of internal metrics and we have likelihood to recommend scores. And we weren't pleased with our likelihood to recommend scores. As a matter of fact, our own internal measures show they fell year over year for the first time in a number of years.
And when you trace that back, it's certainly not due to the product that we've -- the investments that we've made in the product. People are very pleased with what they're getting in terms of service and in terms of the amenities and fleet and airports. But if you're not as reliable as you should be, as you want to be, that has a negative impact overall. And so the good news on that and what we have seen is that when you do get back to the kind of reliability that we aspire to, things turn really quickly and we'll be able to take advantage of all those investments that we've made.
Helane Becker -- Cowen and Company -- Analyst
OK. Great. That's all very helpful. Thanks very much then.
Doug Parker -- Chairman and Chief Executive Officer
Sure. Thank you, Helane.
Operator
Thank you. Our next question Catherine O' Brian with Goldman Sachs. Your line is open.
Catherine O' Brian -- Goldman Sachs -- Analyst
Good morning, everyone. Thanks for your time. Maybe just one more on your comments about outperforming your peers on RASM this year. Could you talk about maybe like the one or two biggest drivers of that, help us size them, help us to think about how they ramp through the year.
Is a lot of Dallas? Are we thinking more about premium economy? Just any color there would be really helpful.
Don Casey -- Senior Vice President of Revenue Management
This is Don. I mean, the two big things that are going to drive -- three, really, is DFW, right, and the investment we're going to make in DFW in terms of the incremental flying and the relative revenue performance in DFW versus the rest of the system. The second one is just the merchandising capabilities, which we're going to be bringing online during the course of the year, which is one of our kind of big revenue initiatives for 2019. And the reality is we're going to be helped a little bit this year on comps, right, they were a headwind in 2018.
They'll be a bit of a tailwind in 2019.
Catherine O' Brian -- Goldman Sachs -- Analyst
Understood. So it sounds like maybe we will start to see that outperformance pick up starting second quarter on?
Don Casey -- Senior Vice President of Revenue Management
That's correct.
Catherine O' Brian -- Goldman Sachs -- Analyst
OK. And then maybe just one more. So, some of your peers know they were incorporating weakness across the Atlantic into their March quarter guides. Are you seeing the same thing? Are you incorporating that guidance? And then how should we think about the ranking of your RASM by geography going forward?
Don Casey -- Senior Vice President of Revenue Management
Sure. So, look at the Atlantic, we expect -- Atlantic has been very strong. We had a -- it was our best-performing entity in the fourth quarter. We expect really a modest deceleration in our Atlantic performance in the first quarter, driven in large part due to additional point of headwind related to currency.
Domestic, we've had very strong yield growth in large part to the expansion of the basic economy to more markets as well as other price increases. We've seen strong corporate demand. Our negotiated corporate revenue domestically is up 10%, led by our professional services. And we're expecting kind of similar performance in 1Q '19, and that includes the impact we've seen to-date of the government shutdown and the impact of the Easter shift.
In LATAM, we ended the quarter with modestly negative unit revenue growth, driven by our long haul operations. Although, we did see in the quarter that Brazil and Argentina did improve on a quarter-to-quarter basis and we're pleased with this given the currency and capacity environments in those markets. Mexico also improved quarter to quarter and positive unit revenue in the fourth quarter. And we saw demand recover, but the pricing environment in Mexico overall is still a bit soft.
Caribbean was positive. We had positive unit revenue growth, and we've experienced very, very strong unit revenue growth for last seven quarters. So a little positive, not quite as positive on a quarter-to-quarter basis. It's still expected to be positive going forward.
And LATAM overall, we had -- in the fourth quarter, we had 1.6 points of headwind with currency. As we look forward to LATAM, we expect similar trends going forward with currency being an additional 0.5 point of headwind as we head into 2019. Encouraging for us is capacity in Brazil. We'll benefit from our own capacity reductions in Brazil in the first quarter.
And as we head into the second quarter, the industry has taken out a material amount of seats. Pacific unit revenue is slightly negative with Hong Kong, Japan, and Korea all positive, although not quite as strong quarter to quarter compared to third quarter of '18. China and South Pacific, although negative we are improving. And we expect Pacific to be the strongest performing quarter to quarter entity in the first quarter of '19.
Catherine O' Brian -- Goldman Sachs -- Analyst
Thank you so much for all that color.
Doug Parker -- Chairman and Chief Executive Officer
Thanks, Catherine.
Operator
Thank you. Our next question comes from the line of Kevin Crissey with Citi Group. Your line is open.
Doug Parker -- Chairman and Chief Executive Officer
Hey, Kevin.
Kevin Crissey -- Citi -- Analyst
Good morning. Thank you. If we could step back and talk about costs over time and kind of the big picture. I've been a bit disappointed not seeing a better cost trajectory post merger.
I know there were certainly some labor contracts catch-up and that adds inflation, but I would've thought that there'd be [Inaudible] pulled out post merger considering -- I think a couple of percent CASM mix increase on a 3% capacity growth is kind of normal inflation for an airline, maybe its slightly [Inaudible], but not as low as I would expect post a merger. Can you talk about why there hasn't been more opportunity on the cost side yet?
Doug Parker -- Chairman and Chief Executive Officer
This is Doug and Derek can chime in. Again, I encourage you all get the details. We go through the details with Derek. Some of this is just depreciation expense and things like that that are driving these costs and timing of maintenance and other issues.
But to your larger point, first off, the labor issues is you already noted it, but can't ignore it. I mean, we came out of a merger with the world's largest airline and a phenomenal group of team members who were working for the less than their peers at other airlines and that's -- we can't run an airline that way, nor should we ask our people to. So, we certainly had some increases in labor costs. We have largely closed those gaps versus our competitor airlines, but that drove very large expense increases at American Airlines.
And again, the expense increase is that we actually feel good about, because we needed to do that in order to produce -- to build the airline we want to build. Otherwise our costs again it's harder to address the qualitative response like that without a detailed response. But in general, what we know is we have gone through an effort led by Derek to go pull out expenses and it's been really successful. We had a relatively painful reduction in the management team around here in the prior and the last year.
And we will continue to do those things. What we know is if we weren't doing those things, well that number may not seem exciting to you, it would be about $300 million higher than it would have been otherwise without this work. So, we continue to work at it and we will continue to work at it, but we feel really good about the cost discipline that we've instilled in American Airlines once we got to the point that we have our team being compensated in line with our peers.
Kevin Crissey -- Citi -- Analyst
Thank you. And maybe for Robert, you talked about the growth in the most profitable hubs. Can you talk about the actions you're taking in your less profitable hubs?
Robert Isom -- President
Sure. So, that goes back to one of the comments made a little bit earlier. We're trying to be really smart about how we deploy capacity. So, when we take a look at a hub perspective, we can now that we have got a lot of the integration behind us and certainly a lot more fleet commonality, we can take a look at Chicago during the summer, and it being really healthy for us at that point in time.
And then at other points of the season, take a look at Phoenix and Miami, which can perform better. We've mentioned things about what we're doing with our international network. So, from a China perspective, we've made some adjustments in our network there and have been redeploying assets to where they're most profitable. We have been taking a look at making sure that we're maximizing our opportunities with our joint business partners as well.
So from a whole perspective, we're incredibly competitive in each of our hubs but we're making sure that we use them for what they do best for American. And you see that with the growth that's coming in DFW. You'll see it with the growth that's coming next year in Charlotte and you'll see it when we get the regional terminal done in DCA the following year and our ability to up-gauge there. The plans that we have in place, I think, for this coming year in Phoenix, Philly, Chicago, Los Angeles, Miami, they're well at tuned to what we can do best at this year.
Kevin Crissey -- Citi -- Analyst
Thank you.
Doug Parker -- Chairman and Chief Executive Officer
Thanks, Kevin.
Operator
We have time for one more question from our analyst before moving on to media. And our last analyst question will come from Brandon Oglenski with Barclays. Your line is now open.
Brandon Oglenski -- Barclays -- Analyst
Well, thanks for getting me in here at the end. I guess, Doug or Robert, I think the market wants to believe here, I mean, your stock's trading at 5 PE. If you can start to show some relative margin traction, I think people will be pretty impressed. But if we look at 2018, I mean, you guys lagged your network competitors that you want to benchmark against capacity and RASM here pretty significantly.
And if I go back to the 2017 analyst meeting, we had pretty big revenue initiatives plotted for 2018, I think which were above a $1 billion too. So I guess, what sense of urgency does the organization have this year to really deliver on that billion dollar revenue target? Or is this just something where circumstances are going to dictate that maybe like to push out again?
Doug Parker -- Chairman and Chief Executive Officer
Yes, thanks, Brandon. We didn't push them out. We -- those initiatives we delivered primarily almost all in. Basically the economy actually didn't, as it sorted out competitively, didn't deliver the level of value that we had expected that would be.
But the urgency has been high, remains high, and we remain excited. The fact that our revenues didn't perform as well as some of our peers in 2018 is a combination of largely the fact where we fly. I'd point out again that when the performance in Latin America, particularly South America where we are much larger than our competitors versus they had a big impact on that number. And then in relation to one of them, of course they did a really nice job of getting an airline that wasn't performing particularly well performing well.
But if you look on two years over two years against that airline, we're still -- our RASM is still up more than theirs is. So the issue becomes more of -- and the issue of some concerning to us is when you look to the fact that a RASM versus Delta that was -- that had been closing every year since the merger widened in 2018, again, a lot of that's Latin America. But also as we look at it, the initiatives that Robert and Don described are some areas that they've done -- they're a little bit of ahead us. They merged well ahead of us.
They've done a nice job. But things like the ability to get sell up into more channels and to more customers is something that we will be doing before too long has allowed them to widen that gap. So we're running full force, have been running full force. We'll continue to do an amazing job.
But because of all those things, as we head into 2018, we remain confident in saying that we believe that in 2018, our unit revenue will outpace our competitors. But again, that's a forecast and it's dependent also upon what they do. But we said that last three quarters now, because we feel really good about where we are positioned not less -- more of a comment on where we are versus where they are and to the extent that they are doing things we don't know about. That may or may not be the case.
But I did want to let our investors know that what we saw in '18 as our RASM declining versus our competitors for the first time in a few years wasn't something that we expect to continue.
Brandon Oglenski -- Barclays -- Analyst
Thank you, Doug.
Doug Parker -- Chairman and Chief Executive Officer
Sure, Brandon. Thanks.
Operator
Thank you. This concludes our analyst question-and-answer-session. We will now take questions from the media. [Operator instructions] Thank you.
And our first question will come from the line of Mary Schlangenstein with Bloomberg News. Your line is open.
Doug Parker -- Chairman and Chief Executive Officer
Hi, Mary
Mary Schlangenstein -- Bloomberg News -- Correspondent
Hey good morning.
Doug Parker -- Chairman and Chief Executive Officer
Good morning.
Mary Schlangenstein -- Bloomberg News -- Correspondent
Hey. Can you guys talk about any financial impact from the government shutdown? Southwest and Delta have both put a number on that at least for the month of January. Can you talk about what you're seeing?
Don Casey -- Senior Vice President of Revenue Management
This is Don. We have seen some impact, but there is a lot of uncertainty as to kind of what's going happen going forward, so we have not yet put a dollar value on it. But what we've seen today it is included in our guidance for the first quarter.
Mary Schlangenstein -- Bloomberg News -- Correspondent
OK. And can you talk about what you are seeing. Is it just basically a decline in government -- business government -- business travel and government contactors travelling?
Don Casey -- Senior Vice President of Revenue Management
It's a bit of softness in zero to 14-day travel.
Mary Schlangenstein -- Bloomberg News -- Correspondent
OK. Great. And, Don, can you also talk a little bit about what your yields on closing business travel are looking like this first quarter? Are they higher than a year ago, or are they staying strong?
Don Casey -- Senior Vice President of Revenue Management
We saw in the fourth quarter quite strong yields and actually the last two quarters in our zero to six and seven to 13-day booking windows, and we would expect that to continue going forward.
Mary Schlangenstein -- Bloomberg News -- Correspondent
Great. Thank you very much.
Doug Parker -- Chairman and Chief Executive Officer
Thanks, Mary.
Operator
Thank you. Our next question comes from the line of Andrew Tangel with Wall Street Journal. Your line is open.
Andrew Tangel -- The Wall Street Journal -- Reporter
Hi, there. Good morning.
Doug Parker -- Chairman and Chief Executive Officer
Good morning
Andrew Tangel -- The Wall Street Journal -- Reporter
A question on the shutdown as well this week unions for aircraft controllers, pilots and flight attendants are someday longer over the shutdowns effects on the U.S. aviation system and raised questions about safety and that would be entire system because at some point break. How concerned are you about that right now? And are you all seeing signs of stress or worry or any operational issues at this point?
Robert Isom -- President
Look, we -- this is Robert. First off, our team in conjunction with our partners both at the FAA and from a security perspective, TSA, we're always going to make the right decision for the safety and security of our team members and our customers. So there is no doubt, no lack of confidence in what we have in front of us. That said, we don't need distractions, we need people to be at work and confident and taking care of, and we do that at American with our team and we need to get our partners in a situation where they feel similarly confident and being taken care of.
Doug Parker -- Chairman and Chief Executive Officer
And, Andrew, it's Doug. I'll just add a little bit. To Robert's point, our business is so focused on safety that to the extent there are fewer TSA people or fewer air traffic controllers, what tends to happen is you get long lines at TSA, but still the same level of scrutiny. You get larger separation of aircraft, so you have delayed air space.
It was really concerning to us. So -- and that's what we feared may happen. We want to thank all the people at TSA and all of our air traffic controllers who are showing us without actually getting pay checks and taking care of our team, taking care of flying public. It's phenomenal what they're doing we appreciate what they're doing.
And we would encourage our government to get them to a position where these hard-working people can be paid for what they're doing.
Andrew Tangel -- The Wall Street Journal -- Reporter
And as a follow-up on something Don said, I'm going to go with reference to the quarter one outlook. You cited the potential for zero growth in the first quarter unit revenue to the government shutdown. Overall, are you all -- the shutdown aside or potential including the shutdowns. Are you all seeing any signs of an economic slowdown or any early signs of recession, any difficulty raising fares in the main cabin or premium seats or anything of that nature?
Don Casey -- Senior Vice President of Revenue Management
No. And just to clarify, I guess, I'm not sure what your comment just about zero growth related to the government shutdown. We haven't really put a number on the government shutdown. And it is included in our guidance, which is 0% to 2%, right.
So we're expecting positive unit revenue growth in the first quarter. As for looking at the rest of the business whether we are seeing any slowdown in bookings anywhere in the system, we are not. Our corporate demand continues to be strong and our held load factor position going forward is up materially on a year-over-year basis.
Andrew Tangel -- The Wall Street Journal -- Reporter
OK. Thanks.
Doug Parker -- Chairman and Chief Executive Officer
Thanks, Andrew.
Operator
And our next question comes from the line of Leslie Josephs with CNBC. Your line is open.
Leslie Josephs -- CNBC -- Airline Reporter
Hi. Good morning. Thanks for taking my question.
Doug Parker -- Chairman and Chief Executive Officer
Hello.
Leslie Josephs -- CNBC -- Airline Reporter
How's it going. On the corporate demand, just to clarify, you said that it's higher this year than last year at the same point for January. I'm just trying to gauge the shutdown impact, and what there was I didn't catch that. And the other question is, are you still committed to flying to Venezuela?
Don Casey -- Senior Vice President of Revenue Management
This is Don again. Yes, corporate revenues so far this year have been up month to date. And as far as Venezuela goes, we fly three times a day there and we intend to continue our service. It's a relatively small part of our business.
It's 0.2% of our overall system revenue.
Leslie Josephs -- CNBC -- Airline Reporter
And then the shutdown, the impact you said bit of softness in the zero to 14 to day yields?
Don Casey -- Senior Vice President of Revenue Management
That is correct.
Leslie Josephs -- CNBC -- Airline Reporter
OK. But no dollar impacts that you are seeing so far?
Don Casey -- Senior Vice President of Revenue Management
We are not going to disclose a dollar impact. We'll look at it after the government gets back to where it can figure out how impactful it was.
Doug Parker -- Chairman and Chief Executive Officer
OK.
Operator
Our next question comes from the line of Tracy Rucinski from Reuters. Your line is open.
Tracy Rucinski -- Thomson Reuters -- U.S. Aviation Correspondent
Hi. Good morning.
Doug Parker -- Chairman and Chief Executive Officer
Hello, Tracy.
Tracy Rucinski -- Thomson Reuters -- U.S. Aviation Correspondent
I wanted to ask about China. I have seen some data out of China that shows a 20% decline in outbound traffic to the United States in the third quarter of 2018. Have you seen any decline in inbound traffic from China, particularly for shorter states?
Don Casey -- Senior Vice President of Revenue Management
This is Don again. We have not. Now, we did take some capacity actions in China and we ended up suspending service from Chicago, Shanghai and Beijing, which probably helps us a bit more. But our advanced load factor in China looks fine.
Tracy Rucinski -- Thomson Reuters -- U.S. Aviation Correspondent
OK. So, no sort of impact from the ongoing trade dispute.
Don Casey -- Senior Vice President of Revenue Management
We don't see any impact right now in our business.
Tracy Rucinski -- Thomson Reuters -- U.S. Aviation Correspondent
OK. Thanks.
Operator
Thank you. Our next question comes from the line of John Biers with AFP. Your line is open.
John Biers -- AFP -- Reporter
Thank you for taking my call. Are you worried that there could be a hit related to the shutdown, either from people who are worried about safety, because of things like what the unions are saying about air traffic controllers and so forth, or because they are worried about the delays to the system that the extra half-full of traveling? Just looking forward, is this something that could really hit demand in 2019?
Doug Parker -- Chairman and Chief Executive Officer
Well, again, we would just encourage the government to get reopened, so that people can get paid. And there are customers who can rest assured that they won't be waiting in long lines or face delays at the airport because of air traffic controllers that can't afford to show up for work. That's what needs to happen. Demand remains strong.
This is certainly not a long-term demand issue. Our government presumably will reopen again one day and hopefully not before too long. So, it's certainly been long enough. We're putting strain on people who have been working now without -- for missing a couple of paychecks and that will, at some point, result in people not being at work.
And when we don't have enough TSA agents, you will see longer lines. We don't have enough ATC controllers, you will see more delays in aerospace. Those will be bad things. So far, everybody's been phenomenal about doing it.
We're concerned but we haven't seen any sort of drop off in demand other than the moderate softness Don talked about in Slide 14, because it travelled during the shutdown itself. But demand for air travel remains strong, people are flying, and I suspect they will continue to want to fly as we get the government opened up again.
Don Casey -- Senior Vice President of Revenue Management
And remarkably, people are doing a fantastic job of keeping the aircraft and the airports moving. And so, we're really confident in what we've seen so far in terms of operations and thankful to all those that are doing their jobs.
Operator
Thank you. And we have time for one more question. Our last question comes from Robert Silk with Travel Weekly. Your line is open.
Doug Parker -- Chairman and Chief Executive Officer
Hi, Robert.
Robert Silk -- Travel Weekly -- Editor
Hey, Doug. Good morning. Can you tell me if you all have any plan, an NDC initiatives plan in the coming year and what those might be if you do?
Doug Parker -- Chairman and Chief Executive Officer
NDC.
Don Casey -- Senior Vice President of Revenue Management
Yes -- no. We do have plans. We've announced them to the marketplace. And we continue to plan to expand our NDC offering.
Now, our approach to this is to improve the product offering that we're able to deliver through NDC, so that our agency partners are able to service customers more effectively and that's the -- our focus going forward.
Robert Silk -- Travel Weekly -- Editor
Will you work in other -- increase for the channels that you worked through NDC, more direct connects or more -- or going through any of these exchanges, I should say, or any of these approaches?
Don Casey -- Senior Vice President of Revenue Management
Yes. Well, I mean, again our plan is to continue to expand the use of NDC with everyone that is interested because we think we're going to be able to deliver more product and better products to their customers.
Robert Silk -- Travel Weekly -- Editor
Thank you.
Doug Parker -- Chairman and Chief Executive Officer
All right. Thanks. OK. I guess, that's everyone.
Thanks, operator. Thanks, everyone, for your interest, and thanks in particular to the American Airlines team for taking care of each other and our customers. We're excited for 2019. We appreciate your interest.
Thanks.
Operator
[Operator signoff]
Duration: 88 minutes
Call Participants:
Dan Cravens -- Managing Director, Investor Relations
Doug Parker -- Chairman and Chief Executive Officer
Derek Kerr -- Chief Financial Officer
Robert Isom -- President
Michael Linenberg -- Deutsche Bank -- Analyst
Don Casey -- Senior Vice President of Revenue Management
Joseph DeNardi -- Stifel Financial Corp. -- Analyst
Jamie Baker -- J.P. Morgan -- Analyst
Rajeev Lalwani -- Morgan Stanley -- Analyst
Hunter Keay -- Wolfe Research -- Analyst
Duane Pfennigwerth -- Evercore ISI -- Analyst
Helane Becker -- Cowen and Company -- Analyst
Catherine O' Brian -- Goldman Sachs -- Analyst
Kevin Crissey -- Citi -- Analyst
Brandon Oglenski -- Barclays -- Analyst
Mary Schlangenstein -- Bloomberg News -- Correspondent
Andrew Tangel -- The Wall Street Journal -- Reporter
Leslie Josephs -- CNBC -- Airline Reporter
Tracy Rucinski -- Thomson Reuters -- U.S. Aviation Correspondent
John Biers -- AFP -- Reporter
Robert Silk -- Travel Weekly -- Editor
More AAL analysis
This article is a transcript of this conference call produced for The Motley Fool. While we strive for our Foolish Best, there may be errors, omissions, or inaccuracies in this transcript. As with all our articles, The Motley Fool does not assume any responsibility for your use of this content, and we strongly encourage you to do your own research, including listening to the call yourself and reading the company's SEC filings. Please see ourTerms and Conditionsfor additional details, including our Obligatory Capitalized Disclaimers of Liability.
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 quadrupled the market.*
David and Tom just revealed what they believe are the 10 best stocks for investors to buy right now... and American Airlines Group wasn't one of them! That's right -- they think these 10 stocks are even better buys.
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*Stock Advisor returns as of November 14, 2018
Motley Fool Transcribing has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy .
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and 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) Q4 2018 Earnings Conference Call Jan. 24, 2019 8:30 a.m. Operator [Operator signoff] Duration: 88 minutes Call Participants: Dan Cravens -- Managing Director, Investor Relations Doug Parker -- Chairman and Chief Executive Officer Derek Kerr -- Chief Financial Officer Robert Isom -- President Michael Linenberg -- Deutsche Bank -- Analyst Don Casey -- Senior Vice President of Revenue Management Joseph DeNardi -- Stifel Financial Corp. -- Analyst Jamie Baker -- J.P. Morgan -- Analyst Rajeev Lalwani -- Morgan Stanley -- Analyst Hunter Keay -- Wolfe Research -- Analyst Duane Pfennigwerth -- Evercore ISI -- Analyst Helane Becker -- Cowen and Company -- Analyst Catherine O' Brian -- Goldman Sachs -- Analyst Kevin Crissey -- Citi -- Analyst Brandon Oglenski -- Barclays -- Analyst Mary Schlangenstein -- Bloomberg News -- Correspondent Andrew Tangel -- The Wall Street Journal -- Reporter Leslie Josephs -- CNBC -- Airline Reporter Tracy Rucinski -- Thomson Reuters -- U.S. Aviation Correspondent John Biers -- AFP -- Reporter Robert Silk -- Travel Weekly -- Editor More AAL analysis This article is a transcript of this conference call produced for The Motley Fool. These additional departures will begin in April, and importantly, this capacity will be added into a robust and diverse local economy here in Texas, which is one of the fastest U.S. -- growing U.S. markets both in terms of GDP and wages.
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Operator [Operator signoff] Duration: 88 minutes Call Participants: Dan Cravens -- Managing Director, Investor Relations Doug Parker -- Chairman and Chief Executive Officer Derek Kerr -- Chief Financial Officer Robert Isom -- President Michael Linenberg -- Deutsche Bank -- Analyst Don Casey -- Senior Vice President of Revenue Management Joseph DeNardi -- Stifel Financial Corp. -- Analyst Jamie Baker -- J.P. Morgan -- Analyst Rajeev Lalwani -- Morgan Stanley -- Analyst Hunter Keay -- Wolfe Research -- Analyst Duane Pfennigwerth -- Evercore ISI -- Analyst Helane Becker -- Cowen and Company -- Analyst Catherine O' Brian -- Goldman Sachs -- Analyst Kevin Crissey -- Citi -- Analyst Brandon Oglenski -- Barclays -- Analyst Mary Schlangenstein -- Bloomberg News -- Correspondent Andrew Tangel -- The Wall Street Journal -- Reporter Leslie Josephs -- CNBC -- Airline Reporter Tracy Rucinski -- Thomson Reuters -- U.S. Aviation Correspondent John Biers -- AFP -- Reporter Robert Silk -- Travel Weekly -- Editor More AAL analysis This article is a transcript of this conference call produced for The Motley Fool. American Airlines Group (NASDAQ: AAL) Q4 2018 Earnings Conference Call Jan. 24, 2019 8:30 a.m. *Stock Advisor returns as of November 14, 2018 [Operator instructions]Before we begin, we must state that today's call does contain forward-looking statements, including statements concerning future revenues and costs, forecasts of capacity traffic, load factor, fleet plans, and fuel prices.
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Operator [Operator signoff] Duration: 88 minutes Call Participants: Dan Cravens -- Managing Director, Investor Relations Doug Parker -- Chairman and Chief Executive Officer Derek Kerr -- Chief Financial Officer Robert Isom -- President Michael Linenberg -- Deutsche Bank -- Analyst Don Casey -- Senior Vice President of Revenue Management Joseph DeNardi -- Stifel Financial Corp. -- Analyst Jamie Baker -- J.P. Morgan -- Analyst Rajeev Lalwani -- Morgan Stanley -- Analyst Hunter Keay -- Wolfe Research -- Analyst Duane Pfennigwerth -- Evercore ISI -- Analyst Helane Becker -- Cowen and Company -- Analyst Catherine O' Brian -- Goldman Sachs -- Analyst Kevin Crissey -- Citi -- Analyst Brandon Oglenski -- Barclays -- Analyst Mary Schlangenstein -- Bloomberg News -- Correspondent Andrew Tangel -- The Wall Street Journal -- Reporter Leslie Josephs -- CNBC -- Airline Reporter Tracy Rucinski -- Thomson Reuters -- U.S. Aviation Correspondent John Biers -- AFP -- Reporter Robert Silk -- Travel Weekly -- Editor More AAL analysis This article is a transcript of this conference call produced for The Motley Fool. American Airlines Group (NASDAQ: AAL) Q4 2018 Earnings Conference Call Jan. 24, 2019 8:30 a.m. This growth was driven by the continued enhancements of our revenue management system as well as the positive impact of our basic and premium economy products, which helped drive a 2.9% improvement in passenger revenues for the fourth quarter to $10 billion.
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Operator [Operator signoff] Duration: 88 minutes Call Participants: Dan Cravens -- Managing Director, Investor Relations Doug Parker -- Chairman and Chief Executive Officer Derek Kerr -- Chief Financial Officer Robert Isom -- President Michael Linenberg -- Deutsche Bank -- Analyst Don Casey -- Senior Vice President of Revenue Management Joseph DeNardi -- Stifel Financial Corp. -- Analyst Jamie Baker -- J.P. Morgan -- Analyst Rajeev Lalwani -- Morgan Stanley -- Analyst Hunter Keay -- Wolfe Research -- Analyst Duane Pfennigwerth -- Evercore ISI -- Analyst Helane Becker -- Cowen and Company -- Analyst Catherine O' Brian -- Goldman Sachs -- Analyst Kevin Crissey -- Citi -- Analyst Brandon Oglenski -- Barclays -- Analyst Mary Schlangenstein -- Bloomberg News -- Correspondent Andrew Tangel -- The Wall Street Journal -- Reporter Leslie Josephs -- CNBC -- Airline Reporter Tracy Rucinski -- Thomson Reuters -- U.S. Aviation Correspondent John Biers -- AFP -- Reporter Robert Silk -- Travel Weekly -- Editor More AAL analysis This article is a transcript of this conference call produced for The Motley Fool. American Airlines Group (NASDAQ: AAL) Q4 2018 Earnings Conference Call Jan. 24, 2019 8:30 a.m. This growth was driven by the continued enhancements of our revenue management system as well as the positive impact of our basic and premium economy products, which helped drive a 2.9% improvement in passenger revenues for the fourth quarter to $10 billion.
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Why American Airlines Stock Popped 4% Friday
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AAL
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https://www.nasdaq.com/articles/why-american-airlines-stock-popped-4-friday-2019-01-25
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What happened
Shares of American Airlines (NASDAQ: AAL) , which popped 6% on Thursday in response to upbeat earnings news , flew a little higher today as well, closing the day up 3.9%.
That seemed a strange course for AA stock to take, seeing as the headline dominating news for much of the day was that air traffic controllers, calling in sick during the government shutdown , forced LaGuardia Airport in New York to interrupt flights into one of the nation's busiest airports.
The reason this bad news turned into good news -- for both travelers and American Airlines investors -- is that the situation apparently got serious enough to finally force President Trump to change his mind about keeping the federal government shut down. In a statement, the president announced, "We have reached a deal to end the shutdown and reopen the federal government."
So what
Nothing is official yet, and according to news reports, even if an agreement has been reached, it will probably only reopen the government and pay workers through Feb. 15. It's possible, therefore, that we could be right back where we started from in three weeks.
Now what
The more optimistic take, however, is this:
American Airlines jus t report ed translating a 3% sales increase into a big 8% increase in net profits. It beat analyst estimates in the process, and predicted it would grow revenue faster than its rivals in 2019, and grow profits roughly 40% year over year. And American did all this in the face of a shutdown that's been weighing on results for more than a month.
Now that the shutdown is over, and perhaps for good, American Airlines may be able to do even better than that.
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 quadrupled the market.*
David and Tom just revealed what they believe are the 10 best stocks for investors to buy right now... and American Airlines Group wasn't one of them! That's right -- they think these 10 stocks are even better buys.
Click here to learn about these picks!
*Stock Advisor returns as of November 14, 2018
Rich Smith has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy .
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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What happened Shares of American Airlines (NASDAQ: AAL) , which popped 6% on Thursday in response to upbeat earnings news , flew a little higher today as well, closing the day up 3.9%. In a statement, the president announced, "We have reached a deal to end the shutdown and reopen the federal government." * David and Tom just revealed what they believe are the 10 best stocks for investors to buy right now... and American Airlines Group wasn't one of them!
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. What happened Shares of American Airlines (NASDAQ: AAL) , which popped 6% on Thursday in response to upbeat earnings news , flew a little higher today as well, closing the day up 3.9%. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor , has quadrupled the market.
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What happened Shares of American Airlines (NASDAQ: AAL) , which popped 6% on Thursday in response to upbeat earnings news , flew a little higher today as well, closing the day up 3.9%. That seemed a strange course for AA stock to take, seeing as the headline dominating news for much of the day was that air traffic controllers, calling in sick during the government shutdown , forced LaGuardia Airport in New York to interrupt flights into one of the nation's busiest airports. The reason this bad news turned into good news -- for both travelers and American Airlines investors -- is that the situation apparently got serious enough to finally force President Trump to change his mind about keeping the federal government shut down.
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What happened Shares of American Airlines (NASDAQ: AAL) , which popped 6% on Thursday in response to upbeat earnings news , flew a little higher today as well, closing the day up 3.9%. The reason this bad news turned into good news -- for both travelers and American Airlines investors -- is that the situation apparently got serious enough to finally force President Trump to change his mind about keeping the federal government shut down. Now that the shutdown is over, and perhaps for good, American Airlines may be able to do even better than that.
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2019-01-25 00:00:00 UTC
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Flights disrupted at U.S. East Coast airports as shutdown drags on
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https://www.nasdaq.com/articles/flights-disrupted-us-east-coast-airports-shutdown-drags-2019-01-25
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By Jonathan Allen and David Shepardson
NEW YORK, Jan 25 () - Hundreds of flights were grounded or delayed at New York-area and Philadelphia airports as more air traffic controllers called in sick on Friday, in one of the most tangible signs yet of disruption from a 35-day partial shutdown of the U.S. government.
The Federal Aviation Administration issued a ground stop for flights destined for New York'sLaGuardia Airport on Friday morning before lifting it about an hour later. Staff shortages also delayed flights at Newark Liberty International Airport and Philadelphia International Airport, the FAA said.
The delays immediately became a new flashpoint in the political standoff between the Democrat-controlled U.S. House of Representatives and U.S. President Donald Trump over the shutdown, caused by a dispute about funding for Trump's plan to increase barriers on the U.S.-Mexico border.
Democrats in the House are demanding a reopening of the government before any negotiations with Trump and his Republican allies in Congress on border security.
John Hitt, a 51-year-old lawyer based in Boston, had expected to fly to Milwaukee via LaGuardia on Friday morning to visit his terminally ill aunt, but Delta Air Lines told him his flight was delayed for at least two and a half hours.
"I've had to scratch the trip, eat the cost of a rental car cancellation and now I'm starting over to figure out when I could get there," Hitt said in a telephone interview. "With the uncertainty now created by the shutdown, it's making me hesitant to fly."
Delta said about 200 of its flights were delayed at LaGuardia and other Northeast airports.
'BREAKING POINT'
The disruptions come the day after the U.S. Senate rejected two shutdown-ending bills as hundreds of thousands of federal workers missed a second paycheck on Friday.
Nancy Pelosi, the speaker of the House, wrote on Twitter that the shutdown "has already pushed hundreds of thousands of Americans to the breaking point."
"Now it's pushing our airspace to the breaking point too," her message said, calling on Trump to "stop endangering the safety, security and well-being of our nation."
U.S. Senator Dick Durbin, a Democrat, said on the Senate floor that he had spoken with an air traffic controller who had sold his blood plasma in order to fill his car with gas to get to work.
The White House said Trump had been briefed on the delays and was monitoring the situation at the airports.
Paul Rinardi, president of the National Air Traffic Controllers Association, said on Friday the association does not condone employees joining any coordinated activity that compromises safety, but that many controllers have reached "the breaking point."
FAA air traffic controllers guide the takeoff and landing of planes carrying 2.2 million passengers daily, a job the FAA describes as having zero margin for error.
'STRUGGLING MIGHTILY'
Unions representing federal workers said staff shortages were the result of severe stress affecting employees who are not being paid during the shutdown.
David Cox Sr., president of the American Federation of Government Employees, said Transportation Security officers are "struggling mightily" to keep the American public safe.
"But doing so while worrying about eviction, the ability to feed themselves and their families, to keep the heat on, to pay bus fare to get to work, puts this safety at risk," he said in his statement.
About a third of incoming flights to LaGuardia were delayed as of late Friday morning, according to the FlightAware tracking service.
On Thursday, three major U.S. airlines - American Airlines Group Inc, Southwest Airlines Co and JetBlue Airways Corp - said the impact of the shutdown on their business had so far been limited but was nearing a tipping point.
The financial fortunes of airlines are closely tied to the health of the economy. In addition, airlines with hubs in Washington have said they are losing government business as a result of the shutdown.
The views and 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 Jonathan Allen and David Shepardson NEW YORK, Jan 25 () - Hundreds of flights were grounded or delayed at New York-area and Philadelphia airports as more air traffic controllers called in sick on Friday, in one of the most tangible signs yet of disruption from a 35-day partial shutdown of the U.S. government. The Federal Aviation Administration issued a ground stop for flights destined for New York'sLaGuardia Airport on Friday morning before lifting it about an hour later. John Hitt, a 51-year-old lawyer based in Boston, had expected to fly to Milwaukee via LaGuardia on Friday morning to visit his terminally ill aunt, but Delta Air Lines told him his flight was delayed for at least two and a half hours.
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By Jonathan Allen and David Shepardson NEW YORK, Jan 25 () - Hundreds of flights were grounded or delayed at New York-area and Philadelphia airports as more air traffic controllers called in sick on Friday, in one of the most tangible signs yet of disruption from a 35-day partial shutdown of the U.S. government. Staff shortages also delayed flights at Newark Liberty International Airport and Philadelphia International Airport, the FAA said. Paul Rinardi, president of the National Air Traffic Controllers Association, said on Friday the association does not condone employees joining any coordinated activity that compromises safety, but that many controllers have reached "the breaking point."
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By Jonathan Allen and David Shepardson NEW YORK, Jan 25 () - Hundreds of flights were grounded or delayed at New York-area and Philadelphia airports as more air traffic controllers called in sick on Friday, in one of the most tangible signs yet of disruption from a 35-day partial shutdown of the U.S. government. Paul Rinardi, president of the National Air Traffic Controllers Association, said on Friday the association does not condone employees joining any coordinated activity that compromises safety, but that many controllers have reached "the breaking point." On Thursday, three major U.S. airlines - American Airlines Group Inc, Southwest Airlines Co and JetBlue Airways Corp - said the impact of the shutdown on their business had so far been limited but was nearing a tipping point.
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Staff shortages also delayed flights at Newark Liberty International Airport and Philadelphia International Airport, the FAA said. Delta said about 200 of its flights were delayed at LaGuardia and other Northeast airports. The disruptions come the day after the U.S. Senate rejected two shutdown-ending bills as hundreds of thousands of federal workers missed a second paycheck on Friday.
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35afca9a-a883-4f10-b2a7-85a68b10e693
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6694.0
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2019-01-25 00:00:00 UTC
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Stock Market News for Jan 25, 2019
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AAL
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https://www.nasdaq.com/articles/stock-market-news-for-jan-25-2019-2019-01-25
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nan
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nan
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Wall Street ended mixed on Thursday after investors received strong earnings numbers amidst lingering concerns over trade negotiations. The Dow ended in the red while both the S&P 500 and Nasdaq Composite finished in positive territory. Meanwhile, the partial government shutdown continued to be another cause of worry for market participants.
The Dow Jones Industrial Average (DJI) closed at 24,553.24, losing 0.1%. The S&P 500 Index (INX) rose 0.1% to close at 2,642.33. Meanwhile, the Nasdaq Composite Index (IXIC) closed at 7,073.46, also increasing 0.7%. A total of 6.94 billion shares were traded on Thursday, lower than the last 20-session average of 7.88 billion shares. Advancers outnumbered decliners on the NYSE by 2.15-to-1 ratio. On the Nasdaq, advancers had an edge over decliners by 1.64-to-1 ratio. The CBOE VIX decreased 3.2% to close at 18.89.
How Did the Benchmarks Perform?
The Dow ended in negative territory reversing some of previous day's gains. Notably, 18 stocks of the 30-stocks blue-chip index finished in the red while twelve ended in green. The tech-heavy Nasdaq Composite ended in the green for second-straight day, due to strong performance by semiconductor stocks.
The S&P 500 closed in positive territory for the second consecutive days. The Technology Select Sector SPDR (XLK) gained 0.8% while Consumer Staples Select Sector SPDR (XLP) lost 1.2%. Notably, eight out of 11 sectors of the benchmark index closed in the green while the remaining three in the red.
Pessimistic News on Trade War Front
On Jan 24, U.S.Commerce Secretary Wilbur Ross told CNBC the United States is still "miles and miles" from reaching a deal with China. On Jan 22, White House economic advisor Larry Kudlow conformed that the U.S. government has rejected a trade planning meeting with China scheduled to be held this week on the ground of disagreements over intellectual property rights. Kudlow said no intermediate gatherings had been scheduled other than the visit by China's Vice Premier Liu He.
A major concern for the Trump administration is that China is stealing intellectual property from U.S. companies by unfair means. This is the central point of trade conflict between the two largest trading countries of the world. Notably, the two countries are currently going through a 90-day truce period related to imposition of fresh tariffs on each other. The deadline will come to an end on Mar 1.
Strong Fourth Quarter Earnings Results
Thursday's stock market rally was backed by strong results of several major U.S. companies, especially from airlines industry.
Southwest Airlines Co. LUV delivered strong fourth-quarter 2018 results wherein both the top and bottom line outpaced the Zacks Consensus Estimate. Consequently, shares of Southwest Airlines surged 6.3%. ( Read More )
JetBlue Airways Corp. JBLU also reported strong fourth-quarter 2018 results wherein both the top and bottom line surpassed the Zacks Consensus Estimate. Consequently, shares of JetBlue Airways soared 5.1%.
Shares of American Airlines Group Inc. AAL climbed 6.4% after reporting fourth quarter 2018 results wherein the bottom line surpassed the Zacks Consensus Estimate while the top line fell below the same. ( Read More )
All three stocks carry a Zacks Rank #2 (Buy). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here .
Growing Concerns over Partial Government Shutdown
The partial government shutdown, which extended into its 34th day is likely to take a toll on the U.S. economy. A pair of competing bills to reopen the government failed in the Senate. House of representative Speaker Nancy Pelosi said Democrats have decided to block President Donald Trump from giving his State of the Union address in the House chamber until the shutdown ends.
Meanwhile, Trump's top economic adviserKevin Hassett warned in an interview that continuation of partial government shutdown for an indefinite time period may lead to a zero growth rate of U.S. GDP in the first quarter of 2019.
Economic Data
On Jan 24, the Department of Labor reported that weekly jobless claims decreased 13,000 to a seasonally adjusted 199,000 (below the threshold 200,000 level) for the week ended Jan 19. The data was better than the consensus estimate of 217,000 and was the lowest level experienced since mid-November 1969. Moreover, initial claims for the week ended Jan 12 was revised downward by 1,000 to 212,000 from 213,000.
Stocks That Made Headline
Intuitive Surgical Earnings Miss, Revenues Beat in Q4
Intuitive Surgical, Inc. ISRG reported adjusted earnings of $2.96 per share in the fourth quarter of 2018, which fell short of the Zacks Consensus Estimate of $2.99. ( Read More )
Norfolk Southern's Q4 Earnings Beat on Volume Growth
Norfolk Southern Corp. NSC delivered fourth-quarter 2018 earnings of $2.57 per share, surpassing the Zacks Consensus Estimate of $2.30. ( Read More )
Alaska Air Group's Q4 Earnings & Revenues Top Estimates
Alaska Air Group, Inc. ALK delivered fourth-quarter 2018 adjusted earnings per share of 75 cents, surpassing the Zacks Consensus Estimate of 73 cents. ( Read More )
Starbucks Q1 Earnings & Revenues Surpass Estimates
Starbucks Corp. SBUX reported impressive first-quarter fiscal 2019 results, wherein both top and bottom line surpassed the respective Zacks Consensus Estimate for the third straight quarter. ( Read More )
The Hottest Tech Mega-Trend of All
Last year, it generated $8 billion in global revenues. By 2020, it's predicted to blast through the roof to $47 billion. Famed investor Mark Cuban says it will produce "the world's first trillionaires," but that should still leave plenty of money for regular investors who make the right trades early.
See Zacks' 3 Best Stocks to Play This Trend >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Southwest Airlines Co. (LUV): Free Stock Analysis Report
American Airlines Group Inc. (AAL): Get Free Report
JetBlue Airways Corporation (JBLU): Free Stock Analysis Report
Alaska Air Group, Inc. (ALK): Free Stock Analysis Report
Norfolk Southern Corporation (NSC): Get Free Report
Intuitive Surgical, Inc. (ISRG): Get Free Report
Starbucks Corporation (SBUX): Get Free Report
To read this article on Zacks.com click here.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Shares of American Airlines Group Inc. AAL climbed 6.4% after reporting fourth quarter 2018 results wherein the bottom line surpassed the Zacks Consensus Estimate while the top line fell below the same. Click to get this free report Southwest Airlines Co. (LUV): Free Stock Analysis Report American Airlines Group Inc. (AAL): Get Free Report JetBlue Airways Corporation (JBLU): Free Stock Analysis Report Alaska Air Group, Inc. (ALK): Free Stock Analysis Report Norfolk Southern Corporation (NSC): Get Free Report Intuitive Surgical, Inc. (ISRG): Get Free Report Starbucks Corporation (SBUX): Get Free Report To read this article on Zacks.com click here. Wall Street ended mixed on Thursday after investors received strong earnings numbers amidst lingering concerns over trade negotiations.
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Click to get this free report Southwest Airlines Co. (LUV): Free Stock Analysis Report American Airlines Group Inc. (AAL): Get Free Report JetBlue Airways Corporation (JBLU): Free Stock Analysis Report Alaska Air Group, Inc. (ALK): Free Stock Analysis Report Norfolk Southern Corporation (NSC): Get Free Report Intuitive Surgical, Inc. (ISRG): Get Free Report Starbucks Corporation (SBUX): Get Free Report To read this article on Zacks.com click here. Shares of American Airlines Group Inc. AAL climbed 6.4% after reporting fourth quarter 2018 results wherein the bottom line surpassed the Zacks Consensus Estimate while the top line fell below the same. ( Read More ) Norfolk Southern's Q4 Earnings Beat on Volume Growth Norfolk Southern Corp. NSC delivered fourth-quarter 2018 earnings of $2.57 per share, surpassing the Zacks Consensus Estimate of $2.30.
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Click to get this free report Southwest Airlines Co. (LUV): Free Stock Analysis Report American Airlines Group Inc. (AAL): Get Free Report JetBlue Airways Corporation (JBLU): Free Stock Analysis Report Alaska Air Group, Inc. (ALK): Free Stock Analysis Report Norfolk Southern Corporation (NSC): Get Free Report Intuitive Surgical, Inc. (ISRG): Get Free Report Starbucks Corporation (SBUX): Get Free Report To read this article on Zacks.com click here. Shares of American Airlines Group Inc. AAL climbed 6.4% after reporting fourth quarter 2018 results wherein the bottom line surpassed the Zacks Consensus Estimate while the top line fell below the same. ( Read More ) Alaska Air Group's Q4 Earnings & Revenues Top Estimates Alaska Air Group, Inc. ALK delivered fourth-quarter 2018 adjusted earnings per share of 75 cents, surpassing the Zacks Consensus Estimate of 73 cents.
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Shares of American Airlines Group Inc. AAL climbed 6.4% after reporting fourth quarter 2018 results wherein the bottom line surpassed the Zacks Consensus Estimate while the top line fell below the same. Click to get this free report Southwest Airlines Co. (LUV): Free Stock Analysis Report American Airlines Group Inc. (AAL): Get Free Report JetBlue Airways Corporation (JBLU): Free Stock Analysis Report Alaska Air Group, Inc. (ALK): Free Stock Analysis Report Norfolk Southern Corporation (NSC): Get Free Report Intuitive Surgical, Inc. (ISRG): Get Free Report Starbucks Corporation (SBUX): Get Free Report To read this article on Zacks.com click here. A total of 6.94 billion shares were traded on Thursday, lower than the last 20-session average of 7.88 billion shares.
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2020495c-ca2e-413d-b8b1-701f37a31297
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6695.0
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2019-01-25 00:00:00 UTC
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Wall Street Sees Heaps of Earnings Reports as Shutdown Rages
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AAL
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https://www.nasdaq.com/articles/wall-street-sees-heaps-earnings-reports-shutdown-rages-2019-01-25
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nan
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nan
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On today's episode of the Zacks Friday Finish Line, Associate Stock Strategist Ryan McQueeney and Editor Maddy Johnson discuss the latest economic data from China and the United States. The hosts also recap earnings results from airline stocks as well as Intel, Starbucks, and more.
Make sure to subscribe and leave the show a rating on Apple Podcasts !
The partial government shutdown raged on this week, as competing bills to reopen all federal offices were blocked amid growing rhetorical tension between President Trump and Speaker Pelosi.
Wall Street continued to shrug its shoulders at the shutdown, however. Investors were much more interested in digesting the sentiment in Davos and the latest economic data from China and the United States.
On Monday, China announced that, in 2018, its economy grew at its slowest pace in nearly 30 years, punctuating fears of a global slowdown. But domestic investors got some reprieve from these slowdown concerns later in the week, when U.S. initial jobless claims came in at a 49-year low.
This mixed economic data was delivered during a busy week o f earnings announcements. Several major airline companies reported this week, with the likes of American AAL , Southwest LUV , and JetBlue JBLU notching solid gains in the wake of earnings beats and generally optimistic outlooks.
The tech sector also saw its fair share o f earnings report s this week. Notably, IT giant IBM IBM posted solid growth in key segments such as its Strategic Imperatives unit. IBM also published upbeat guidance, and its shares surged in the immediate aftermath.
Meanwhile, tech investors expressed mixed feelings about the semiconductor business. Texas Instruments TXN came up short on revenue and discussed how trade policy could potentially extend its cyclical pullback, yet the stock moved higher as chip bulls felt better about the industry's sluggishness. Intel, on the other hand, slumped on the back of its revenue miss and muted guidance.
Wall Street also saw earnings results from Starbucks SBUX this week. The chain that put quality coffee on nearly every city corner is now a great read on the health of the global economy, and solid comps in the U.S. and China helped its stock move higher in after-hours trading Thursday.
What's the secret to Starbucks' recent success? What are the key takeaways from this week's tech earnings report? Which airline stock impressed the most? Ryan and Maddy answer all of these questions, and more, only on today's episode of the Zacks Friday Finish Line!
If you feel that we missed something, or if you want us to cover a different story, shoot us an email at podcast@zacks.com. Make sure to check out all of our other audio content at zacks.com/podcasts , and remember to subscribe and leave us a rating on Apple Podcasts.
The Hottest Tech Mega-Trend of All
Last year, it generated $8 billion in global revenues. By 2020, it's predicted to blast through the roof to $47 billion. Famed investor Mark Cuban says it will produce "the world's first trillionaires," but that should still leave plenty of money for regular investors who make the right trades early.
See Zacks' 3 Best Stocks to Play This Trend >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
American Airlines Group Inc. (AAL): Get Free Report
Southwest Airlines Co. (LUV): Free Stock Analysis Report
JetBlue Airways Corporation (JBLU): Free Stock Analysis Report
International Business Machines Corporation (IBM): Free Stock Analysis Report
Starbucks Corporation (SBUX): Get Free Report
Texas Instruments Incorporated (TXN): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Several major airline companies reported this week, with the likes of American AAL , Southwest LUV , and JetBlue JBLU notching solid gains in the wake of earnings beats and generally optimistic outlooks. Click to get this free report American Airlines Group Inc. (AAL): Get Free Report Southwest Airlines Co. (LUV): Free Stock Analysis Report JetBlue Airways Corporation (JBLU): Free Stock Analysis Report International Business Machines Corporation (IBM): Free Stock Analysis Report Starbucks Corporation (SBUX): Get Free Report Texas Instruments Incorporated (TXN): Free Stock Analysis Report To read this article on Zacks.com click here. On today's episode of the Zacks Friday Finish Line, Associate Stock Strategist Ryan McQueeney and Editor Maddy Johnson discuss the latest economic data from China and the United States.
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Click to get this free report American Airlines Group Inc. (AAL): Get Free Report Southwest Airlines Co. (LUV): Free Stock Analysis Report JetBlue Airways Corporation (JBLU): Free Stock Analysis Report International Business Machines Corporation (IBM): Free Stock Analysis Report Starbucks Corporation (SBUX): Get Free Report Texas Instruments Incorporated (TXN): Free Stock Analysis Report To read this article on Zacks.com click here. Several major airline companies reported this week, with the likes of American AAL , Southwest LUV , and JetBlue JBLU notching solid gains in the wake of earnings beats and generally optimistic outlooks. On today's episode of the Zacks Friday Finish Line, Associate Stock Strategist Ryan McQueeney and Editor Maddy Johnson discuss the latest economic data from China and the United States.
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Several major airline companies reported this week, with the likes of American AAL , Southwest LUV , and JetBlue JBLU notching solid gains in the wake of earnings beats and generally optimistic outlooks. Click to get this free report American Airlines Group Inc. (AAL): Get Free Report Southwest Airlines Co. (LUV): Free Stock Analysis Report JetBlue Airways Corporation (JBLU): Free Stock Analysis Report International Business Machines Corporation (IBM): Free Stock Analysis Report Starbucks Corporation (SBUX): Get Free Report Texas Instruments Incorporated (TXN): Free Stock Analysis Report To read this article on Zacks.com click here. On today's episode of the Zacks Friday Finish Line, Associate Stock Strategist Ryan McQueeney and Editor Maddy Johnson discuss the latest economic data from China and the United States.
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Several major airline companies reported this week, with the likes of American AAL , Southwest LUV , and JetBlue JBLU notching solid gains in the wake of earnings beats and generally optimistic outlooks. Click to get this free report American Airlines Group Inc. (AAL): Get Free Report Southwest Airlines Co. (LUV): Free Stock Analysis Report JetBlue Airways Corporation (JBLU): Free Stock Analysis Report International Business Machines Corporation (IBM): Free Stock Analysis Report Starbucks Corporation (SBUX): Get Free Report Texas Instruments Incorporated (TXN): Free Stock Analysis Report To read this article on Zacks.com click here. On today's episode of the Zacks Friday Finish Line, Associate Stock Strategist Ryan McQueeney and Editor Maddy Johnson discuss the latest economic data from China and the United States.
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3c29a23c-c787-4a65-8e7f-e94a4a39f07b
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6696.0
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2019-01-25 00:00:00 UTC
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Zacks.com featured expert Kevin Matras highlights: Delta Air Lines, Alaska Air, American Airlines and Colfax
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AAL
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https://www.nasdaq.com/articles/zacks.com-featured-expert-kevin-matras-highlights%3A-delta-air-lines-alaska-air-american
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nan
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nan
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For Immediate Release
Chicago, IL - January 25, 2019- Stocks in this week's article include Delta Air Lines, Inc. DAL , Alaska Air Group, Inc. ALK , American Airlines Group Inc. AAL and Colfax Corporation CFX . Kevin Matras screens for companies showing their 'first' profit and explains why they are ones to watch.
Screen of the Week written by Kevin Matras of Zacks Investment Research:
4 High-Yield Earnings Stocks to Strengthen Your Portfolio
If you are hesitant about whether to put your money in bonds or stocks, a key metric that can show you the right direction is earnings yield. It is the reciprocal of the price-to-earnings (P/E) ratio. This ratio is very useful in figuring out undervalued stocks and comes in handy for comparing stocks with the market or fixed income securities.
Earnings yield can be computed as (annual earnings per share/market price) x 100. While comparing similar stocks, the one carrying high earnings yield should provide higher returns.
This ratio is useful for comparing the performance of the market with the 10-year Treasury yield. When the yield of the market index exceeds the 10-year Treasury yield, stocks are said to be undervalued in comparison to bonds. This means that investing in the stock market is a better option for a value investor.
However, while T-bills are free of risks, investing in stocks always carries some inherent risks. Hence, it will be wise to add a risk premium to the Treasury yield while comparing with the earnings yield of a stock or the broader market.
For the rest of this Screen of the Week article please visit Zacks.com at: https://www.zacks.com/stock/news/349497/4-high-earnings-yield-stocks-to-strengthen-your-portfolio
Disclosure: Officers, directors and/or employees of Zacks Investment Research may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material. An affiliated investment advisory firm may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material.
About Screen of the Week
Zacks.com created the first and best screening system on the web earning the distinction as the "#1 site for screening stocks" by Money Magazine. But powerful screening tools is just the start. That is why Zacks created the Screen of the Week to highlight profitable stock picking strategies that investors can actively use.
Strong Stocks that Should Be in the News
Many are little publicized and fly under the Wall Street radar. They're virtually unknown to the general public. Yet today's 220 Zacks Rank #1 "Strong Buys" were generated by the stock-picking system that has more than doubled the market from 1988 through 2016. Its average gain has been a stellar +25% per year. See these high-potential stocks free >>.
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Zacks Investment Research is under common control with affiliated entities (including a broker-dealer and an investment adviser), which may engage in transactions involving the foregoing securities for the clients of such affiliates.
Contact: Jim Giaquinto
Company: Zacks.com
Phone: 312-265-9268
Email: pr@zacks.com
Visit: www.Zacks.com
Zacks.com provides investment resources and informs you of these resources, which you may choose to use in making your own investment decisions. Zacks is providing information on this resource to you subject to the Zacks "Terms and Conditions of Service" disclaimer. www.zacks.com/disclaimer .
Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit http://www.zacks.com/performance for information about the performance numbers displayed in this press release.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Alaska Air Group, Inc. (ALK): Free Stock Analysis Report
Delta Air Lines, Inc. (DAL): Free Stock Analysis Report
American Airlines Group Inc. (AAL): Get Free Report
Colfax Corporation (CFX): Get Free Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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For Immediate Release Chicago, IL - January 25, 2019- Stocks in this week's article include Delta Air Lines, Inc. DAL , Alaska Air Group, Inc. ALK , American Airlines Group Inc. AAL and Colfax Corporation CFX . Click to get this free report Alaska Air Group, Inc. (ALK): Free Stock Analysis Report Delta Air Lines, Inc. (DAL): Free Stock Analysis Report American Airlines Group Inc. (AAL): Get Free Report Colfax Corporation (CFX): Get Free Report To read this article on Zacks.com click here. That is why Zacks created the Screen of the Week to highlight profitable stock picking strategies that investors can actively use.
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For Immediate Release Chicago, IL - January 25, 2019- Stocks in this week's article include Delta Air Lines, Inc. DAL , Alaska Air Group, Inc. ALK , American Airlines Group Inc. AAL and Colfax Corporation CFX . Click to get this free report Alaska Air Group, Inc. (ALK): Free Stock Analysis Report Delta Air Lines, Inc. (DAL): Free Stock Analysis Report American Airlines Group Inc. (AAL): Get Free Report Colfax Corporation (CFX): Get Free Report To read this article on Zacks.com click here. For the rest of this Screen of the Week article please visit Zacks.com at: https://www.zacks.com/stock/news/349497/4-high-earnings-yield-stocks-to-strengthen-your-portfolio Disclosure: Officers, directors and/or employees of Zacks Investment Research may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material.
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Click to get this free report Alaska Air Group, Inc. (ALK): Free Stock Analysis Report Delta Air Lines, Inc. (DAL): Free Stock Analysis Report American Airlines Group Inc. (AAL): Get Free Report Colfax Corporation (CFX): Get Free Report To read this article on Zacks.com click here. For Immediate Release Chicago, IL - January 25, 2019- Stocks in this week's article include Delta Air Lines, Inc. DAL , Alaska Air Group, Inc. ALK , American Airlines Group Inc. AAL and Colfax Corporation CFX . Screen of the Week written by Kevin Matras of Zacks Investment Research: 4 High-Yield Earnings Stocks to Strengthen Your Portfolio If you are hesitant about whether to put your money in bonds or stocks, a key metric that can show you the right direction is earnings yield.
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For Immediate Release Chicago, IL - January 25, 2019- Stocks in this week's article include Delta Air Lines, Inc. DAL , Alaska Air Group, Inc. ALK , American Airlines Group Inc. AAL and Colfax Corporation CFX . Click to get this free report Alaska Air Group, Inc. (ALK): Free Stock Analysis Report Delta Air Lines, Inc. (DAL): Free Stock Analysis Report American Airlines Group Inc. (AAL): Get Free Report Colfax Corporation (CFX): Get Free Report To read this article on Zacks.com click here. Screen of the Week written by Kevin Matras of Zacks Investment Research: 4 High-Yield Earnings Stocks to Strengthen Your Portfolio If you are hesitant about whether to put your money in bonds or stocks, a key metric that can show you the right direction is earnings yield.
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39719893-dcf6-427e-87e2-ab8ac42ff1b8
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6697.0
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2019-01-25 00:00:00 UTC
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Colombia extends Drummond contract on coal mine for 20 years
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AAL
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https://www.nasdaq.com/articles/colombia-extends-drummond-contract-coal-mine-20-years-2019-01-25
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nan
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nan
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BOGOTA, Jan 24 (Reuters) - Colombia has extended coal miner Drummond's license to operate its La Loma mine for an additional 20 years, the national mining agency said on Thursday.
The contract at the mine, located in northeastern Cesar province, will generate at least $586 million in royalties, income and social project investment during its lifetime, the agency said in a statement on its website.
Drummond is Colombia's largest exporter of coal.
"This contract represented 30 percent of Drummond's mining operation production in 2018 in Colombia," the company said. "The area of this renewed concession has proven reserves of approximately 60.5 million tons."
Besides Drummond, the biggest players in Colombia's coal industry are Glencore's Prodeco, Murray Energy Corp's Colombia Natural Resources, and Cerrejon, which is jointly owned by BHP Billiton, Anglo American Plc and Glencore.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The contract at the mine, located in northeastern Cesar province, will generate at least $586 million in royalties, income and social project investment during its lifetime, the agency said in a statement on its website. "This contract represented 30 percent of Drummond's mining operation production in 2018 in Colombia," the company said. Besides Drummond, the biggest players in Colombia's coal industry are Glencore's Prodeco, Murray Energy Corp's Colombia Natural Resources, and Cerrejon, which is jointly owned by BHP Billiton, Anglo American Plc and Glencore.
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BOGOTA, Jan 24 (Reuters) - Colombia has extended coal miner Drummond's license to operate its La Loma mine for an additional 20 years, the national mining agency said on Thursday. "This contract represented 30 percent of Drummond's mining operation production in 2018 in Colombia," the company said. Besides Drummond, the biggest players in Colombia's coal industry are Glencore's Prodeco, Murray Energy Corp's Colombia Natural Resources, and Cerrejon, which is jointly owned by BHP Billiton, Anglo American Plc and Glencore.
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BOGOTA, Jan 24 (Reuters) - Colombia has extended coal miner Drummond's license to operate its La Loma mine for an additional 20 years, the national mining agency said on Thursday. Besides Drummond, the biggest players in Colombia's coal industry are Glencore's Prodeco, Murray Energy Corp's Colombia Natural Resources, and Cerrejon, which is jointly owned by BHP Billiton, Anglo American Plc and Glencore. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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BOGOTA, Jan 24 (Reuters) - Colombia has extended coal miner Drummond's license to operate its La Loma mine for an additional 20 years, the national mining agency said on Thursday. The contract at the mine, located in northeastern Cesar province, will generate at least $586 million in royalties, income and social project investment during its lifetime, the agency said in a statement on its website. Drummond is Colombia's largest exporter of coal.
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568543fb-24a5-41b1-a305-baa0c8d50da7
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6698.0
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2019-01-25 00:00:00 UTC
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U.S. corporate borrowing slump is a bearish signal
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AAL
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https://www.nasdaq.com/articles/us-corporate-borrowing-slump-bearish-signal-2019-01-25
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nan
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nan
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By Tom Buerkle
(The author is a Breakingviews columnist.)
NEW YORK, Jan 25 ( Breakingviews) - American companies are issuing much less debt so far in 2019. While higher earnings thanks to lower taxes are part of the explanation, another is cuts in planned investments. That's how a trade war and political dysfunction can throttle the economy.
That isn't all bad. Non-financial U.S. companies have taken advantage of historically low rates since the financial crisis to boost their collective debt to a record 74 percent of GDP at the end of 2017 according to the Bank for International Settlements, so a breather is in order.
In addition, the 2018 tax cuts have swelled corporate coffers, reducing the need to borrow. Analysts expect S&P 500 Index earnings to rise by 23 percent for the full year, the best showing since 2010, according to I/B/E/S data from Refinitiv. Early fourth-quarter reports have been solid with American Airlines and Southwest Airlines, for example, both reporting better-than-expected earnings on Thursday despite headwinds from the federal government shutdown.
S&P 500 earnings are, however, projected to grow less than 3 percent in the first half of this year. In theory, companies would pile on debt to finance investment if they expected robust economic growth. But Moody's Investors Service forecasts borrowing will tick up by just 3 percent in 2019.
Animal spirits have been damped by the trade standoff between President Donald Trump's administration and China and by the nearly month-old partial shutdown. The Conference Board's measure of CEO confidence plumbed a six-year low in the fourth quarter of 2018. The ISM index of new manufacturing orders fell in December, and analysts at Bank of America Merrill Lynch expect last year's capital-spending boomlet to peter out in the first half of 2019.
Subdued corporate borrowing should help keep interest rates down, one key Trump objective. But overall the slump in issuance is a bearish signal.
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CONTEXT NEWS
- Companies have issued $86.7 billion in the U.S. corporate bond market this year as of Jan. 24, down 31 percent from the same period a year earlier, according to Refinitiv data.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Non-financial U.S. companies have taken advantage of historically low rates since the financial crisis to boost their collective debt to a record 74 percent of GDP at the end of 2017 according to the Bank for International Settlements, so a breather is in order. Animal spirits have been damped by the trade standoff between President Donald Trump's administration and China and by the nearly month-old partial shutdown. The ISM index of new manufacturing orders fell in December, and analysts at Bank of America Merrill Lynch expect last year's capital-spending boomlet to peter out in the first half of 2019.
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NEW YORK, Jan 25 ( Breakingviews) - American companies are issuing much less debt so far in 2019. Analysts expect S&P 500 Index earnings to rise by 23 percent for the full year, the best showing since 2010, according to I/B/E/S data from Refinitiv. Early fourth-quarter reports have been solid with American Airlines and Southwest Airlines, for example, both reporting better-than-expected earnings on Thursday despite headwinds from the federal government shutdown.
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Non-financial U.S. companies have taken advantage of historically low rates since the financial crisis to boost their collective debt to a record 74 percent of GDP at the end of 2017 according to the Bank for International Settlements, so a breather is in order. Analysts expect S&P 500 Index earnings to rise by 23 percent for the full year, the best showing since 2010, according to I/B/E/S data from Refinitiv. - Companies have issued $86.7 billion in the U.S. corporate bond market this year as of Jan. 24, down 31 percent from the same period a year earlier, according to Refinitiv data.
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NEW YORK, Jan 25 ( Breakingviews) - American companies are issuing much less debt so far in 2019. In addition, the 2018 tax cuts have swelled corporate coffers, reducing the need to borrow. Analysts expect S&P 500 Index earnings to rise by 23 percent for the full year, the best showing since 2010, according to I/B/E/S data from Refinitiv.
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b13e2e27-fc2f-424f-adae-dc8ce9839ad7
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6699.0
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2019-01-24 00:00:00 UTC
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US STOCKS-S&P, Dow dip on Commerce chief Ross's trade comment; chips buoy Nasdaq
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AAL
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https://www.nasdaq.com/articles/us-stocks-sp-dow-dip-commerce-chief-rosss-trade-comment-chips-buoy-nasdaq-2019-01-24
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nan
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nan
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(For a live blog on the U.S. stock market, click LIVE/ ortype LIVE/ in a news window.)
* Ross says long way from trade resolution
* U.S. airlines shares rise on upbeat results
* Indexes: Dow off 0.21 pct, S&P down 0.01 pct, Nasdaq 0.51pct (Updates to open)
By Shreyashi Sanyal
Jan 24 (Reuters) - The S&P 500 and the Dow Jones IndustrialAverage dipped on Thursday after U.S. Commerce Secretary WilburRoss said the United States and China were a long way fromresolving their trade dispute, while a rally in chipmakerslifted the Nasdaq.
Ross told CNBC it was too early to judge where U.S.-chinatrade talks are headed, but added there is a fair chance the twocountries will get to a trade deal. The world's two largesteconomies are trying to meet a March 1 deadline to resolve theirtrade dispute. urn:newsml:reuters.com:*:nS0N1W0053
"If you watch the political news coming out of Washington,that can mean all the difference in the world. So things canstart out on a positive note and we get news about the shutdown,tariff battle with China, that can change the market 180degrees," said Randy Frederick, vice president of trading andderivatives for Charles Schwab in Austin, Texas.
Six of the 11 major S&P 500 .SPX sectors were in the red,with the healthcare .SPXHC weighing the most on the benchmarkindex.
Bristol-Myers Sqibb Co BMY.N fell 0.7 percent after thedrugmaker withdrew its application seeking U.S. approval for acombination of its blockbuster cancer drugs. urn:newsml:reuters.com:*:nL1N1ZO0JH
Nasdaq stayed afloat, helped by a rally in chipmakers andupbeat earnings reports from transportation companies. ThePhiladelphia Semiconductor Index .SOX jumped 4.79 percent.
Shares of semiconductor company Xilinx IncXLNX.O jumped15.7 percent, leading the rally followed by Lam Research CorpLRCX.O , which gained 12.73 percent after both companiesreported better-than-expected quarterly results. urn:newsml:reuters.com:*:nL3N1ZN5ML
Texas Instruments IncTXN.O was up 4.82 percent after whatanalysts said were better-than-feared results, although thecompany warned of weak demand in China. urn:newsml:reuters.com:*:nL3N1ZO420
Investors were expecting weak reports from chip companiesamid warnings of soft smartphone demand from Apple IncAAPL.O and an economic slowdown in China, on which chipmakers rely fora large portion of their revenue.
Intel CorpINTC.O , set to report quarterly earnings afterthe closing bell on Thursday, climbed 3.08 percent.
American Airlines GroupAAL.O rose 5.43 percent andSouthwest Airlines Co LUV.N shares gained 3.76 percent afterthe companies reported quarterly profits above expectations.
While American Airlines benefited from higher fares duringthe quarter, Southwest said the partial government shutdown hadknocked off $10 million to $15 million from its revenue so farin January. urn:newsml:reuters.com:*:nL3N1ZO43Surn:newsml:reuters.com:*:nL3N1ZO4FO
The Dow Jones Transports index .DJT , closely watched byinvestors to gauge the health of the economy, rose 0.74 percent.The Dow Transports index has also outperformed Wall Street'sthree major indexes this year.
At 9:50 a.m. ET the Dow Jones Industrial Average .DJI wasdown 51.70 points, or 0.21 percent, at 24,523.92, the S&P 500 .SPX was down 0.33 points, or 0.01 percent, at 2,638.37 andthe Nasdaq Composite .IXIC was up 36.02 points, or 0.51percent, at 7,061.78.
McCormick & CoMKC.N plunged 10.62 percent, the most onthe S&P, after the seasonings maker's quarterly profit missedexpectations.
Advancing issues outnumbered decliners by a 1.24-to-1 ratioon the NYSE and by a 1.43-to-1 ratio on the Nasdaq.
The S&P index recorded four new 52-week highs and one newlow, while the Nasdaq recorded seven new highs and 17 new lows. (Reporting by Shreyashi Sanyal and additional reporting bySruthi Shankar in Bengaluru; Editing by Arun Koyyur) ((Shreyashi.Sanyal@thomsonreuters.com; +1 646 223 8780 ;Reuters Messaging:Shreyashi.Sanyal.thomsonreuters.com@reuters.net))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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American Airlines GroupAAL.O rose 5.43 percent andSouthwest Airlines Co LUV.N shares gained 3.76 percent afterthe companies reported quarterly profits above expectations. * Ross says long way from trade resolution * U.S. airlines shares rise on upbeat results * Indexes: Dow off 0.21 pct, S&P down 0.01 pct, Nasdaq 0.51pct (Updates to open) By Shreyashi Sanyal Jan 24 (Reuters) - The S&P 500 and the Dow Jones IndustrialAverage dipped on Thursday after U.S. Commerce Secretary WilburRoss said the United States and China were a long way fromresolving their trade dispute, while a rally in chipmakerslifted the Nasdaq. So things canstart out on a positive note and we get news about the shutdown,tariff battle with China, that can change the market 180degrees," said Randy Frederick, vice president of trading andderivatives for Charles Schwab in Austin, Texas.
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American Airlines GroupAAL.O rose 5.43 percent andSouthwest Airlines Co LUV.N shares gained 3.76 percent afterthe companies reported quarterly profits above expectations. * Ross says long way from trade resolution * U.S. airlines shares rise on upbeat results * Indexes: Dow off 0.21 pct, S&P down 0.01 pct, Nasdaq 0.51pct (Updates to open) By Shreyashi Sanyal Jan 24 (Reuters) - The S&P 500 and the Dow Jones IndustrialAverage dipped on Thursday after U.S. Commerce Secretary WilburRoss said the United States and China were a long way fromresolving their trade dispute, while a rally in chipmakerslifted the Nasdaq. urn:newsml:reuters.com:*:nL3N1ZO43Surn:newsml:reuters.com:*:nL3N1ZO4FO The Dow Jones Transports index .DJT , closely watched byinvestors to gauge the health of the economy, rose 0.74 percent.The Dow Transports index has also outperformed Wall Street'sthree major indexes this year.
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American Airlines GroupAAL.O rose 5.43 percent andSouthwest Airlines Co LUV.N shares gained 3.76 percent afterthe companies reported quarterly profits above expectations. * Ross says long way from trade resolution * U.S. airlines shares rise on upbeat results * Indexes: Dow off 0.21 pct, S&P down 0.01 pct, Nasdaq 0.51pct (Updates to open) By Shreyashi Sanyal Jan 24 (Reuters) - The S&P 500 and the Dow Jones IndustrialAverage dipped on Thursday after U.S. Commerce Secretary WilburRoss said the United States and China were a long way fromresolving their trade dispute, while a rally in chipmakerslifted the Nasdaq. urn:newsml:reuters.com:*:nL3N1ZO43Surn:newsml:reuters.com:*:nL3N1ZO4FO The Dow Jones Transports index .DJT , closely watched byinvestors to gauge the health of the economy, rose 0.74 percent.The Dow Transports index has also outperformed Wall Street'sthree major indexes this year.
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American Airlines GroupAAL.O rose 5.43 percent andSouthwest Airlines Co LUV.N shares gained 3.76 percent afterthe companies reported quarterly profits above expectations. urn:newsml:reuters.com:*:nL1N1ZO0JH Nasdaq stayed afloat, helped by a rally in chipmakers andupbeat earnings reports from transportation companies. urn:newsml:reuters.com:*:nL3N1ZO43Surn:newsml:reuters.com:*:nL3N1ZO4FO The Dow Jones Transports index .DJT , closely watched byinvestors to gauge the health of the economy, rose 0.74 percent.The Dow Transports index has also outperformed Wall Street'sthree major indexes this year.
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0289ee11-0a1c-4ca5-bdbc-2bc644319e5e
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