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6800.0
|
2019-01-03 00:00:00 UTC
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Delta shares fall 10 pct on lowered quarterly outlook; drags down rivals
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AAL
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https://www.nasdaq.com/articles/delta-shares-fall-10-pct-lowered-quarterly-outlook-drags-down-rivals-2019-01-03
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nan
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nan
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Jan 3 () - Shares of Delta Air Lines Inc dropped 10 percent on Thursday, after the U.S. carrier warned fourth-quarter unit revenue would be slightly below its prior forecast due to the lower-than-expected improvement in last-minute fares booked by travelers.
The No.2 U.S. airline said it now expects total revenue per available seat mile - a closely followed measure of airline performance - to rise about 3 percent, compared with the 3.5 percent growth it forecast earlier.
Shares of bigger rival American Airlines Group Inc fell 11 percent to $29.2, while smaller rivals United Continental Holdings Inc, Southwest Airlines Co, and JetBlue Airways Corp were down 5-7 percent in morning trading.
"While close-in yield momentum continues, the pace of improvement in late December was more modest than anticipated," Delta said (graphic).
Atlanta-based Delta also said it expects fuel price per gallon to be in the range of $2.38 to $2.43, about 10 cents below its earlier guidance.
Airlines usually take advantage of lower fuel costs to add more flights and seat capacity, a measure that can also drive down unit revenues.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
Jan 3 () - Shares of Delta Air Lines Inc dropped 10 percent on Thursday, after the U.S. carrier warned fourth-quarter unit revenue would be slightly below its prior forecast due to the lower-than-expected improvement in last-minute fares booked by travelers. "While close-in yield momentum continues, the pace of improvement in late December was more modest than anticipated," Delta said (graphic). Airlines usually take advantage of lower fuel costs to add more flights and seat capacity, a measure that can also drive down unit revenues.
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Jan 3 () - Shares of Delta Air Lines Inc dropped 10 percent on Thursday, after the U.S. carrier warned fourth-quarter unit revenue would be slightly below its prior forecast due to the lower-than-expected improvement in last-minute fares booked by travelers. Shares of bigger rival American Airlines Group Inc fell 11 percent to $29.2, while smaller rivals United Continental Holdings Inc, Southwest Airlines Co, and JetBlue Airways Corp were down 5-7 percent in morning trading. Airlines usually take advantage of lower fuel costs to add more flights and seat capacity, a measure that can also drive down unit revenues.
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Jan 3 () - Shares of Delta Air Lines Inc dropped 10 percent on Thursday, after the U.S. carrier warned fourth-quarter unit revenue would be slightly below its prior forecast due to the lower-than-expected improvement in last-minute fares booked by travelers. The No.2 U.S. airline said it now expects total revenue per available seat mile - a closely followed measure of airline performance - to rise about 3 percent, compared with the 3.5 percent growth it forecast earlier. Shares of bigger rival American Airlines Group Inc fell 11 percent to $29.2, while smaller rivals United Continental Holdings Inc, Southwest Airlines Co, and JetBlue Airways Corp were down 5-7 percent in morning trading.
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Jan 3 () - Shares of Delta Air Lines Inc dropped 10 percent on Thursday, after the U.S. carrier warned fourth-quarter unit revenue would be slightly below its prior forecast due to the lower-than-expected improvement in last-minute fares booked by travelers. The No.2 U.S. airline said it now expects total revenue per available seat mile - a closely followed measure of airline performance - to rise about 3 percent, compared with the 3.5 percent growth it forecast earlier. "While close-in yield momentum continues, the pace of improvement in late December was more modest than anticipated," Delta said (graphic).
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b7d15b40-a332-462b-a997-ccf15d8d4b2b
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6801.0
|
2019-01-03 00:00:00 UTC
|
Delta shares fall 10 pct on lowered outlook; drags down rivals
|
AAL
|
https://www.nasdaq.com/articles/delta-shares-fall-10-pct-lowered-outlook-drags-down-rivals-2019-01-03
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nan
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nan
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By Rachit Vats and Ankit Ajmera
Jan 3 () - Shares of Delta Air Lines Inc fell about 9 percent on Thursday, after the U.S. carrier warned fourth-quarter unit revenue would be slightly below its prior forecast due to the lower-than-expected improvement in last-minute fares booked by travelers.
The No. 2 U.S. airline said it now expected total revenue per available seat mile (TRASM) - a closely followed measure of airline performance - to rise about 3 percent, less than the 3.5 percent growth it forecast earlier.
Shares of bigger rival American Airlines Group Inc fell 7.5 percent. Smaller carriers United Continental Holdings Inc slid 5 percent, Southwest Airlines Co closed down 3.2 percent, and JetBlue Airways Corp slid 1.7 percent.
The broader U.S. markets slumped 2 percent as weak U.S. factory data and the fallout of a rare sales warning from Apple Inc fanned fears of slowing growth.
"The unit revenue guide-down is the second time Delta lowered RASM forecast in the past two months," Cowen & Co analyst Helane Becker said in a note.
"Investors are concerned that RASM will continue to weaken in 2019, although we believe other airlines are not necessarily seeing the same pressure as Delta."
Becker, rated 5 stars by Refinitiv for estimate accuracy on Delta, lowered her price target to $65 from $67, but maintained an "outperform" rating.
Atlanta-based Delta also said it expects fuel price per gallon to be in the range of $2.38 to $2.43, about 10 cents below its earlier guidance.
In the past, airlines have competed away gains from lower fuel by rewarding fliers with lower fares.
"With oil trending lower in recent months, investors are worried this time will not be different," said Becker.
Airlines also take advantage of lower fuel costs to add more flights and seat capacity, a measure that can also drive down unit revenue.
Delta last month forecast 2019 revenue and profit below analysts' estimates.
The airline said it expected revenue to rise about 4-6 percent in 2019, compared with an average 5.6 percent increase forecast by Refinitiv data.
The company's profit estimate of $6-$7 per share also fell short of analysts' average expectation of $6.70.
The views and 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 Rachit Vats and Ankit Ajmera Jan 3 () - Shares of Delta Air Lines Inc fell about 9 percent on Thursday, after the U.S. carrier warned fourth-quarter unit revenue would be slightly below its prior forecast due to the lower-than-expected improvement in last-minute fares booked by travelers. The broader U.S. markets slumped 2 percent as weak U.S. factory data and the fallout of a rare sales warning from Apple Inc fanned fears of slowing growth. "The unit revenue guide-down is the second time Delta lowered RASM forecast in the past two months," Cowen & Co analyst Helane Becker said in a note.
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2 U.S. airline said it now expected total revenue per available seat mile (TRASM) - a closely followed measure of airline performance - to rise about 3 percent, less than the 3.5 percent growth it forecast earlier. "The unit revenue guide-down is the second time Delta lowered RASM forecast in the past two months," Cowen & Co analyst Helane Becker said in a note. Delta last month forecast 2019 revenue and profit below analysts' estimates.
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2 U.S. airline said it now expected total revenue per available seat mile (TRASM) - a closely followed measure of airline performance - to rise about 3 percent, less than the 3.5 percent growth it forecast earlier. Smaller carriers United Continental Holdings Inc slid 5 percent, Southwest Airlines Co closed down 3.2 percent, and JetBlue Airways Corp slid 1.7 percent. The airline said it expected revenue to rise about 4-6 percent in 2019, compared with an average 5.6 percent increase forecast by Refinitiv data.
|
2 U.S. airline said it now expected total revenue per available seat mile (TRASM) - a closely followed measure of airline performance - to rise about 3 percent, less than the 3.5 percent growth it forecast earlier. Delta last month forecast 2019 revenue and profit below analysts' estimates. The airline said it expected revenue to rise about 4-6 percent in 2019, compared with an average 5.6 percent increase forecast by Refinitiv data.
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956872e4-d75d-4d1c-9ace-1a2dee37d29b
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6802.0
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2019-01-03 00:00:00 UTC
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5 Broker Favorite Stocks to Watch Out For
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AAL
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https://www.nasdaq.com/articles/5-broker-favorite-stocks-to-watch-out-for-2019-01-03
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nan
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nan
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Proper guidance is often the difference between success and failure in life. The same holds true for the investing world. The need for proper guidance is all the more required now as the Q4 earnings season is not too far away. Investors are on the lookout for stocks, which have the potential to surpass earnings expectations in the upcoming reporting cycle. It is a well-known fact that earnings beat generally leads to stock price appreciation.
However, the task of designing one's portfolio with outperformers is by no means an easy one. The uncertainties in the investment world make the task of selecting stocks for handsome returns a daunting one. Moreover, a number of stocks flood the market at any given point in time. In the absence of proper guidance, identifying a winning stock is akin to searching for 'a needle in a haystack' for an investor. The proper guidance, in this respect, comes from brokers who are deemed to be experts, equipped with vast knowledge of investing.
Of the three types of brokers/analysts (sell-side, buy-side and independent) present in the investment world, sell-side analysts are most common. Various brokerage firms employ them to provide unbiased opinion to investors after thorough research. Buy-side analysts are employed by hedge funds, mutual funds etc. while the independent ones simply sell their reports to investors.
Be Guided by Earnings Estimate Revisions
Broker ratings are backed by sound logic and are by no means arbitrary. Brokers not only scrutinize the publicly available financial documents but also attend company conference calls and other presentations. Naturally, it is in the best interest of investors to pay heed to such well-researched information as they aim to generate maximum returns from their portfolio.
Since brokers closely follow the stocks in their coverage, they revise earnings estimates only after carefully examining the pros and cons of an event for the concerned company. In fact, a rating upgrade or downgrade by brokers has the potential to influence the price of the stock.
Naturally, when investors see brokers revise estimates or recommendation on a stock, they often assume that there is something that has attracted analysts' attention. In fact, a rating upgrade generally leads to stock price appreciation. Similarly, the price of a stock may plummet following a rating downgrade.
Estimates can move north for a number of reasons - favorable earnings performance, a bullish guidance, product launch or any favorable macro scenario.
Ignore the Top Line at Your Own Peril
A strategy designed solely on the basis of the bottom line is unlikely to result in a winning strategy. According to many market watchers, a revenue beat is more creditable for a company than a mere earnings outperformance, especially in an environment of revenue weakness due to macroeconomic headwinds like a strong dollar or lackluster demand for travel (which will hurt travel-focused companies). To address top-line concerns, we have included in our screen the price/sales ratio, which serves as a strong complementary valuation metric.
Screening Criteria
# (Up- Down Rating)/ Total (4 weeks) =Top #75 : This gives the list of top 75 companies that have witnessed net upgrades over the last 4 weeks.
% change in Q (1) est. (4 weeks) = Top #10 : This gives the top 10 stocks that have witnessed earnings estimate revisions over the past 4 weeks for the upcoming quarter.
To ensure that the strategy is a winning one, covering all bases, we have added the following screening parameters:
Price-to-Sales = Bot%10 : The lower the ratio the better, companies meeting this criteria are in bottom 10% of our universe of over 7,700 stocks with respect to this ratio.
Price greater than 5 : A stock trading below $5 will not likely create significant interest for most investors.
Average Daily Volume greater than 100,000 shares over the last 20 trading days : Volume has to be significant to ensure that these are easily traded.
Market value ($ mil) = Top #3000 : This gives us stocks that are the top 3000 if one judges by market capitalization.
Com/ADR/Canadian= Com : This takes out the ADR and Canadian stocks.
Here are five of the 10 stocks that made it through the screen:
ArcBest CorporationARCB provides freight transportation services and solutions. This Zacks Rank #1 (Strong Buy) stock has seen the Zacks Consensus Estimate for 2019 earnings being revised upward to the tune of 10.5% over the past 60 days. You can see the complete list of today's Zacks #1 Rank stocks here .
American Airlines Group AAL operates more than 6,700 daily flights to over 330 destinations in more than 50 nations across the globe from its hubs. American Airlines is headquartered in Fort Worth, TX and carries a Zacks Rank #2 (Buy). The Zacks Consensus Estimate for 2019 earnings has increased 8.8% in the past 60 days.
Cardinal HealthCAH is a nation-wide drug distributor and provider of services to pharmacies, healthcare providers and manufacturers. The company, carrying a Zacks Rank #3 (Hold), has an expected earnings per share growth rate (next 3 to 5 years) of 6.3%. Moreover, it has an impressive earnings track record, having surpassed expectations in three of the trailing four quarters with the average surprise being 9.3%.
Century Aluminum CompanyCENX is engaged in the production of primary aluminum in the United Sates and Iceland. This Chicago-based company carries a Zacks Rank #2. It has an impressive earnings track record, having surpassed expectations in three of the trailing four quarters with the average surprise being 57.3%.
CVS Health CorporationCVS is a pharmacy innovation company with integrated offerings across the entire spectrum of pharmacy care. This Woonsocket, RI-based company carries a Zacks Rank #2. The Zacks Consensus Estimate for 2019 earnings has increased 1.9% in the past 60 days.
You can get the rest of the stocks on this list by signing up now for your 2-week free trial to the Research Wizard and start using this screen in your own trading. Further, you can also create your own strategies and test them first before taking the investment plunge.
The Research Wizard is a great place to begin. It's easy to use. Everything is in plain language. And it's very intuitive. Start your Research Wizard trial today. And the next time you read an economic report, open up the Research Wizard, plug your finds in, and see what gems come out.
Click here to sign up for a free trial to the Research Wizard today .
Disclosure: Officers, directors and/or employees of Zacks Investment Research may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material. An affiliated investment advisory firm may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material.
Disclosure: Performance information for Zacks' portfolios and strategies are available at: https://www.zacks.com/performance.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
American Airlines Group Inc. (AAL): Free Stock Analysis Report
ArcBest Corporation (ARCB): Free Stock Analysis Report
Century Aluminum Company (CENX): Free Stock Analysis Report
CVS Health Corporation (CVS): Free Stock Analysis Report
Cardinal Health, Inc. (CAH): Free Stock Analysis Report
To read this article on Zacks.com click here.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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American Airlines Group AAL operates more than 6,700 daily flights to over 330 destinations in more than 50 nations across the globe from its hubs. Click to get this free report American Airlines Group Inc. (AAL): Free Stock Analysis Report ArcBest Corporation (ARCB): Free Stock Analysis Report Century Aluminum Company (CENX): Free Stock Analysis Report CVS Health Corporation (CVS): Free Stock Analysis Report Cardinal Health, Inc. (CAH): Free Stock Analysis Report To read this article on Zacks.com click here. Naturally, it is in the best interest of investors to pay heed to such well-researched information as they aim to generate maximum returns from their portfolio.
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Click to get this free report American Airlines Group Inc. (AAL): Free Stock Analysis Report ArcBest Corporation (ARCB): Free Stock Analysis Report Century Aluminum Company (CENX): Free Stock Analysis Report CVS Health Corporation (CVS): Free Stock Analysis Report Cardinal Health, Inc. (CAH): Free Stock Analysis Report To read this article on Zacks.com click here. American Airlines Group AAL operates more than 6,700 daily flights to over 330 destinations in more than 50 nations across the globe from its hubs. (4 weeks) = Top #10 : This gives the top 10 stocks that have witnessed earnings estimate revisions over the past 4 weeks for the upcoming quarter.
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Click to get this free report American Airlines Group Inc. (AAL): Free Stock Analysis Report ArcBest Corporation (ARCB): Free Stock Analysis Report Century Aluminum Company (CENX): Free Stock Analysis Report CVS Health Corporation (CVS): Free Stock Analysis Report Cardinal Health, Inc. (CAH): Free Stock Analysis Report To read this article on Zacks.com click here. American Airlines Group AAL operates more than 6,700 daily flights to over 330 destinations in more than 50 nations across the globe from its hubs. (4 weeks) = Top #10 : This gives the top 10 stocks that have witnessed earnings estimate revisions over the past 4 weeks for the upcoming quarter.
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American Airlines Group AAL operates more than 6,700 daily flights to over 330 destinations in more than 50 nations across the globe from its hubs. Click to get this free report American Airlines Group Inc. (AAL): Free Stock Analysis Report ArcBest Corporation (ARCB): Free Stock Analysis Report Century Aluminum Company (CENX): Free Stock Analysis Report CVS Health Corporation (CVS): Free Stock Analysis Report Cardinal Health, Inc. (CAH): Free Stock Analysis Report To read this article on Zacks.com click here. (4 weeks) = Top #10 : This gives the top 10 stocks that have witnessed earnings estimate revisions over the past 4 weeks for the upcoming quarter.
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6921c76e-1953-4a89-ac1a-5c8374a52b3e
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6803.0
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2019-01-03 00:00:00 UTC
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Why Shares of Delta, American, and Southwest All Dropped More Than 5% Today
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AAL
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https://www.nasdaq.com/articles/why-shares-delta-american-and-southwest-all-dropped-more-5-today-2019-01-03
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nan
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nan
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What happened
Shares of Delta Air Lines (NYSE: DAL) declined 10% in early trading today before recovering slightly to an 8.4% loss as of 2:45 p.m. EST on Thursday. Curiously, shares of Southwest Airlines (NYSE: LUV) followed suit, falling 5.4% before paring that back to a 2.4% loss. Most curious of all was the fact that American Airlines (NASDAQ: AAL) shares dropped 11.3% at first, before clawing back to a 7.1% loss.
Why was this curious? Because of the three stocks named, only Delta issued an earnings warning today.
So what
This morning, in an 8-K filing with the Securities and Exchange Commission, Delta warned investors that it expects total revenue per available seat mile ( TRASM ) for the fourth quarter of 2018 to come in only about 3% higher than in Q4 a year ago. That's after having predicted just one month ago that TRASM would grow 3.5%.
Delta noted that it still expects adjusted earnings to come in between $1.25 and $1.30 per share -- at the high end of previous projections -- with pre-tax profit margins up significantly from last year's 9.8%, at 10% to 11% in this year's Q4. That sounds like good news, but investors are accenting the negative development in sales growth, and focusing on Delta's warning that its "pace of improvement" in revenue growth in late December was more modest than anticipated.
Because so many air travelers are agnostic about the airline they choose, basing their decision more on fare price, weak ticket price trends at Delta could spill over and affect other airlines. Hence the sliding share prices at Southwest and American, neither of which has yet to issue an earnings warning of their own.
Now what
One imagines it's that "yet" that has investors feeling nervous today. Delta has dropped one shoe. But investors in Southwest and American aren't waiting around to see which shoe drops next. Instead, they're following the stampede out of airline stocks.
Is making discretion the better part of valor the right call? Perhaps. Fear may be the correct response to what's happening at Delta today. But I have to say that -- with Delta stock selling for just 9 times earnings today, and Southwest even cheaper (at 7.3 times earnings) despite not having echoed Delta's earnings warning yet -- investors might want to heed Warren Buffett and be greedy because others are fearful.
10 stocks we like better than Southwest Airlines
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David and Tom just revealed what they believe are the 10 best stocks for investors to buy right now... and Southwest Airlines wasn't one of them! That's right -- they think these 10 stocks are even better buys.
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 owns shares of and recommends Southwest Airlines. The Motley Fool owns shares of Delta Air Lines. The Motley Fool has a disclosure policy .
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Most curious of all was the fact that American Airlines (NASDAQ: AAL) shares dropped 11.3% at first, before clawing back to a 7.1% loss. What happened Shares of Delta Air Lines (NYSE: DAL) declined 10% in early trading today before recovering slightly to an 8.4% loss as of 2:45 p.m. EST on Thursday. Curiously, shares of Southwest Airlines (NYSE: LUV) followed suit, falling 5.4% before paring that back to a 2.4% loss.
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Most curious of all was the fact that American Airlines (NASDAQ: AAL) shares dropped 11.3% at first, before clawing back to a 7.1% loss. What happened Shares of Delta Air Lines (NYSE: DAL) declined 10% in early trading today before recovering slightly to an 8.4% loss as of 2:45 p.m. EST on Thursday. But I have to say that -- with Delta stock selling for just 9 times earnings today, and Southwest even cheaper (at 7.3 times earnings) despite not having echoed Delta's earnings warning yet -- investors might want to heed Warren Buffett and be greedy because others are fearful.
|
Most curious of all was the fact that American Airlines (NASDAQ: AAL) shares dropped 11.3% at first, before clawing back to a 7.1% loss. Because of the three stocks named, only Delta issued an earnings warning today. But I have to say that -- with Delta stock selling for just 9 times earnings today, and Southwest even cheaper (at 7.3 times earnings) despite not having echoed Delta's earnings warning yet -- investors might want to heed Warren Buffett and be greedy because others are fearful.
|
Most curious of all was the fact that American Airlines (NASDAQ: AAL) shares dropped 11.3% at first, before clawing back to a 7.1% loss. Because of the three stocks named, only Delta issued an earnings warning today. Instead, they're following the stampede out of airline stocks.
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003de45c-8f9a-47a5-90bf-29a3552d2046
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6804.0
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2019-01-03 00:00:00 UTC
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Nasdaq 100 Movers: AAL, CELG
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AAL
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https://www.nasdaq.com/articles/nasdaq-100-movers-aal-celg-2019-01-03
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nan
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nan
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In early trading on Thursday, shares of Celgene ( CELG ) topped the list of the day's best performing components of the Nasdaq 100 index, trading up 26.8%. Year to date, Celgene registers a 31.8% gain.
And the worst performing Nasdaq 100 component thus far on the day is American Airlines Group ( AAL ), trading down 10.6%. American Airlines Group is lower by about 9.6% looking at the year to date performance.
Two other components making moves today are Apple ( AAPL ), trading down 8.9%, and Incyte Corporation ( INCY ), trading up 4.9% on the day.
VIDEO: Nasdaq 100 Movers: AAL, CELG
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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And the worst performing Nasdaq 100 component thus far on the day is American Airlines Group ( AAL ), trading down 10.6%. VIDEO: Nasdaq 100 Movers: AAL, CELG The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. American Airlines Group is lower by about 9.6% looking at the year to date performance.
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And the worst performing Nasdaq 100 component thus far on the day is American Airlines Group ( AAL ), trading down 10.6%. VIDEO: Nasdaq 100 Movers: AAL, CELG The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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And the worst performing Nasdaq 100 component thus far on the day is American Airlines Group ( AAL ), trading down 10.6%. VIDEO: Nasdaq 100 Movers: AAL, CELG The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. In early trading on Thursday, shares of Celgene ( CELG ) topped the list of the day's best performing components of the Nasdaq 100 index, trading up 26.8%.
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And the worst performing Nasdaq 100 component thus far on the day is American Airlines Group ( AAL ), trading down 10.6%. VIDEO: Nasdaq 100 Movers: AAL, CELG The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. American Airlines Group is lower by about 9.6% looking at the year to date performance.
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29a4551d-f12f-45a5-a13c-53d6174d4a11
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6805.0
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2019-01-02 00:00:00 UTC
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New year cheer as British stocks stage turnaround
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AAL
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https://www.nasdaq.com/articles/new-year-cheer-british-stocks-stage-turnaround-2019-01-02
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nan
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nan
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* FTSE 100 up 0.1 pct, FTSE 250 0.5 pct higher
* Both reverse course after earlier losses
* Oil majors biggest boost
* Small-cap Ophir Energy skyrockets on takeover talks (Adds analyst comments, updates share moves)
By Muvija M and Shashwat Awasthi
Jan 2 (Reuters) - British shares clawed back losses onWednesday to end the year's first trading day on a positive noteafter a disastrous 2018, helped by investor appetite for stocksdeemed less risky and also by a comeback for oil majors despiteweak data from China.
London's blue-chip bourse .FTSE ended 0.1 percent higherwhile the mid-cap index .FTMC was up 0.5 percent after steeplosses earlier on Wednesday.
The indexes teetered as trading volumes remained roughlyaround two-thirds of their 90-day average during the session,after recording their worst yearly drop since the 2008 financialcrisis last year.
Heavyweights BP BP.L and Shell RDSa.L advanced 2.3percent and 1.4 percent, respectively, as crude prices erasedearlier losses to trade in the black.
Investors also took some notice of the positive domestic PMIdata prompted by Brexit-induced stockpiling, althoughuninspiring Chinese data had sparked a global sell-off earlierand raised questions about the global economy. urn:newsml:reuters.com:*:nL9N1T201W
"Although stockpiling played a role in the strong UK PMIdata, it was still the best economic news out there today," saidJasper Lawler, head of research at London Capital Group.
Defensive stocks - considered less risky - also offeredsupport to the main index, with shares in telecommunicationfirms, healthcare companies and utilities all gaining.
GLOBAL WORRIES
Manufacturing activity in China, the world's second-largesteconomy, contracted for the first time in 19 months amid itstrade spat with the United States. That comes on the heels of apoor official survey on factory output on Monday. urn:newsml:reuters.com:*:nS7N1O402Gurn:newsml:reuters.com:*:nL3N1Z00VY
U.S. manufacturing activity also fell, data showed, whilethat in the euro zone barely expanded in December. urn:newsml:reuters.com:*:nN9N1X9023urn:newsml:reuters.com:*:nS8N1XB03Q
Continued fears of a global cyclical downturn will likelycap the upside for blue-chip British shares, said CMC Marketsanalyst Margaret Yang.
"A string of missing PMIs from China's official and privatesector suggest that Asia's largest economy is still cooling offdue to weaker external demand and trade uncertainties," Yangsaid.
"It is still too early to say markets have bottomed outyet."
A drop in sterling, with strong factory surveys failing todispel growing anxiety over the Brexit negotiations, lifted theshares of companies that book in revenue from the United States.
Pharmaceutical giants GlaxoSmithKline GSK.L andAstraZeneca AZN.L pushed out modest gains while consumer giantUnilever ULVR.L rose 0.8 percent.
Financial heavyweights Prudential PRU.L and Lloyds LLOY.L fell nearly 2 percent each.
Investors also shunned miners due to the concerns overgrowth in China, which is the world's top metals consumer, andinstead turned to safe haven commodities. Gold prices rose to amore than six-month peak as a result, pushing Fresnillo FRES.L 3.3 percent higher.
GlencoreGLEN.L , AntofagastaANTO.L , BHP BHPB.L , AngloAmerican AAL.L and Rio Tinto RIO.L edged 1.1-3 percentlower.
High street retailer Next PlcNXT.L was up 4.7 percent,top of the blue-chips, ahead of its Christmas trading update due on Thursday.
John Lewis' higher sales in the week ending Dec. 29 was aray of sunshine for a retail sector buffeted by competition fromAmazon, by Brexit jitters, lower consumer spending and risinglabour costs.
John Lewis, which is Britain's biggest department storesoperator and the first retailer to update on trading atyear-end, said demand had been "very strong" on Christmas Eve. urn:newsml:reuters.com:*:nL8N1Z21O3
Medical products maker Smith & NephewSN.L tumbled 2.4percent, with traders citing a rating cut by brokerage JPMorgan.
Among the midcaps, Energean Oil & GasENOG.L added 4.3percent after signing a gas supply agreement with independentpower producer I.P.M. Beer Tuvia. urn:newsml:reuters.com:*:nL8N1Z20ML
Elsewhere in corporate news, Ophir EnergyOPHR.L soarednearly 30 percent to the top of the small-cap index .FTSC after the oil and gas producer said it was in takeover talks. urn:newsml:reuters.com:*:nL3N1Z02FW
Real estate investment trust HammersonHMSO.L fell 2.1percent as it said its share buyback program will be pausedahead of the release of 2018 results.
(Reporting by Muvija M and Shashwat Awasthi in BengaluruEditing by Gareth Jones) ((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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GlencoreGLEN.L , AntofagastaANTO.L , BHP BHPB.L , AngloAmerican AAL.L and Rio Tinto RIO.L edged 1.1-3 percentlower. * FTSE 100 up 0.1 pct, FTSE 250 0.5 pct higher * Both reverse course after earlier losses * Oil majors biggest boost * Small-cap Ophir Energy skyrockets on takeover talks (Adds analyst comments, updates share moves) By Muvija M and Shashwat Awasthi Jan 2 (Reuters) - British shares clawed back losses onWednesday to end the year's first trading day on a positive noteafter a disastrous 2018, helped by investor appetite for stocksdeemed less risky and also by a comeback for oil majors despiteweak data from China. "A string of missing PMIs from China's official and privatesector suggest that Asia's largest economy is still cooling offdue to weaker external demand and trade uncertainties," Yangsaid.
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GlencoreGLEN.L , AntofagastaANTO.L , BHP BHPB.L , AngloAmerican AAL.L and Rio Tinto RIO.L edged 1.1-3 percentlower. * FTSE 100 up 0.1 pct, FTSE 250 0.5 pct higher * Both reverse course after earlier losses * Oil majors biggest boost * Small-cap Ophir Energy skyrockets on takeover talks (Adds analyst comments, updates share moves) By Muvija M and Shashwat Awasthi Jan 2 (Reuters) - British shares clawed back losses onWednesday to end the year's first trading day on a positive noteafter a disastrous 2018, helped by investor appetite for stocksdeemed less risky and also by a comeback for oil majors despiteweak data from China. urn:newsml:reuters.com:*:nS7N1O402Gurn:newsml:reuters.com:*:nL3N1Z00VY U.S. manufacturing activity also fell, data showed, whilethat in the euro zone barely expanded in December.
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GlencoreGLEN.L , AntofagastaANTO.L , BHP BHPB.L , AngloAmerican AAL.L and Rio Tinto RIO.L edged 1.1-3 percentlower. * FTSE 100 up 0.1 pct, FTSE 250 0.5 pct higher * Both reverse course after earlier losses * Oil majors biggest boost * Small-cap Ophir Energy skyrockets on takeover talks (Adds analyst comments, updates share moves) By Muvija M and Shashwat Awasthi Jan 2 (Reuters) - British shares clawed back losses onWednesday to end the year's first trading day on a positive noteafter a disastrous 2018, helped by investor appetite for stocksdeemed less risky and also by a comeback for oil majors despiteweak data from China. urn:newsml:reuters.com:*:nL8N1Z20ML Elsewhere in corporate news, Ophir EnergyOPHR.L soarednearly 30 percent to the top of the small-cap index .FTSC after the oil and gas producer said it was in takeover talks.
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GlencoreGLEN.L , AntofagastaANTO.L , BHP BHPB.L , AngloAmerican AAL.L and Rio Tinto RIO.L edged 1.1-3 percentlower. High street retailer Next PlcNXT.L was up 4.7 percent,top of the blue-chips, ahead of its Christmas trading update due on Thursday. urn:newsml:reuters.com:*:nL8N1Z20ML Elsewhere in corporate news, Ophir EnergyOPHR.L soarednearly 30 percent to the top of the small-cap index .FTSC after the oil and gas producer said it was in takeover talks.
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351ea960-e78e-459b-aee2-360bfa2f09b9
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6806.0
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2019-01-02 00:00:00 UTC
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UK shares continue to bleed in gloomy start to 2019 after China data
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AAL
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https://www.nasdaq.com/articles/uk-shares-continue-bleed-gloomy-start-2019-after-china-data-2019-01-02
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nan
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nan
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Jan 2 () - UK shares were lower on Wednesday as investors returned from New Year celebrations to more disappointing data from China that deepened concerns about the health of the global economy and sparked a global sell-off.
London's blue-chip bourse dropped 0.9 percent and the mid-cap index dipped 0.3 percent by 1018 GMT.
Most sectors were still in the red, setting a bleak tone for 2019's first trading day after both indexes recorded their worst yearly drop since the 2008 financial crisis last year.
It followed a poor official survey on factory output on Monday. Data also revealed that euro zone manufacturing activity barely expanded in December.
Continued concerns that the prospect of a global cyclical downturn will likely cap the upside of UK's blue-chip shares, said CMC Markets analyst Margaret Yang.
"A string of missing PMIs from China's official and private sector suggest that Asia's largest economy is still cooling off due to weaker external demand and trade uncertainties," Yang added.
"It is still too early to say markets have bottomed out yet."
UK-listed companies with more exposure to the Asian market were the most hit with HSBC edging 1.8 percent lower and Standard Chartered down 3 percent.
Fellow financial heavyweights Prudential, Lloyds and Royal Bank of Scotland also fell over3 percent.
Global miners were also weak with copper prices lower amid concerns over growth in top metals consumer China. Antofagasta, BHP, Anglo American, Rio Tinto and Glencore were down between 3.2 percent and 4.3 percent.
Blue-chip medical products maker Smith & Nephew tumbled 2.5 percent, with traders citing a rating cut by brokerage JPMorgan.
Among the midcaps, Energean Oil & Gas added 5.1 percent to top the gainers after signing a gas supply agreement with independent power producer I.P.M. Beer Tuvia.
Elsewhere in corporate news, Ophir Energy shares outperformed the small-cap index and soared over 33 percent after the oil and gas producer said it was in takeover talks.
Gambling software company Playtech gave up losses to turn positive. It said it would pay 28 million euros under a settlement with Israeli tax authorities following an audit of its annual accounts.
Real estate investment trust Hammerson was 3.9 percent lower as it said its share buyback program will be paused ahead of the release of 2018 results.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Continued concerns that the prospect of a global cyclical downturn will likely cap the upside of UK's blue-chip shares, said CMC Markets analyst Margaret Yang. "A string of missing PMIs from China's official and private sector suggest that Asia's largest economy is still cooling off due to weaker external demand and trade uncertainties," Yang added. Elsewhere in corporate news, Ophir Energy shares outperformed the small-cap index and soared over 33 percent after the oil and gas producer said it was in takeover talks.
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London's blue-chip bourse dropped 0.9 percent and the mid-cap index dipped 0.3 percent by 1018 GMT. Continued concerns that the prospect of a global cyclical downturn will likely cap the upside of UK's blue-chip shares, said CMC Markets analyst Margaret Yang. Among the midcaps, Energean Oil & Gas added 5.1 percent to top the gainers after signing a gas supply agreement with independent power producer I.P.M.
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Jan 2 () - UK shares were lower on Wednesday as investors returned from New Year celebrations to more disappointing data from China that deepened concerns about the health of the global economy and sparked a global sell-off. London's blue-chip bourse dropped 0.9 percent and the mid-cap index dipped 0.3 percent by 1018 GMT. UK-listed companies with more exposure to the Asian market were the most hit with HSBC edging 1.8 percent lower and Standard Chartered down 3 percent.
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Jan 2 () - UK shares were lower on Wednesday as investors returned from New Year celebrations to more disappointing data from China that deepened concerns about the health of the global economy and sparked a global sell-off. London's blue-chip bourse dropped 0.9 percent and the mid-cap index dipped 0.3 percent by 1018 GMT. Most sectors were still in the red, setting a bleak tone for 2019's first trading day after both indexes recorded their worst yearly drop since the 2008 financial crisis last year.
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547d9519-c7bc-431d-8a6a-41b011997665
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6807.0
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2019-01-02 00:00:00 UTC
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UK shares bleed in gloomy start to 2019
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AAL
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https://www.nasdaq.com/articles/uk-shares-bleed-gloomy-start-2019-2019-01-02
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nan
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nan
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Jan 2 () - UK shares were sharply lower on Wednesday, as investors came back from New Year celebrations to more disappointing data from China that added to existing concerns about the health of the world's economy.
London's blue-chip bourse dropped 1.8 percent and the mid-cap index dipped 1.1 percent by 0851 GMT, with eyes on the country's manufacturing data due later in the morning.
The FTSE 100 was on track for its worst day since Dec. 6, when a sell-off swept global markets after the arrest of a top Huawei executive that had renewed worries about U.S.-China trade tensions.
After ending a year marred by worries over a slowdown in global economic growth, data on Wednesday showed that as a private sector survey showed China's manufacturing activity contracted for the first time in 19 months.
It followed a poor official survey on factory output from the world's second-largest economy on Monday.
UK-listed companies with more exposure to the Asian market were the most hit with HSBC edging 2.1 percent lower and Standard Chartered down 3.3 percent.
Fellow financial heavyweights Prudential, Lloyds and Royal Bank of Scotland also fell 2.8-3.9 percent.
A near 2-percent-dip in oil majors BP and Shell also pulled down the main index, as crude prices were lower on surging U.S. output.
Global miners were also weak with copper prices lower amid concerns over growth in top metals consumer China. Antofagasta, BHP, Anglo American, Rio Tinto and Glencore were down between 2.9 percent and 4.8 percent.
Tullow Oil and Premier Oil were among the biggest mid-cap fallers.
On the corporate news side, Ophir Energy shares outperformed the small-cap index and soared over 34 percent after the company said it was in takeover talks with a unit of Indonesia's Medco Energi International Tbk PT.
Blue-chip and medical products maker Smith & Nephew tumbled 3 percent, with a trader citing a rating cut by brokerage JPMorgan.
Gambling software company Playtech slid 2.3 percent after it said it would pay 28 million euros under a settlement with Israeli tax authorities following an audit of its annual accounts.
Real estate investment trust Hammerson was 2.6 percent lower as it said its share buyback program will be paused ahead of the release of 2018 results.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Jan 2 () - UK shares were sharply lower on Wednesday, as investors came back from New Year celebrations to more disappointing data from China that added to existing concerns about the health of the world's economy. The FTSE 100 was on track for its worst day since Dec. 6, when a sell-off swept global markets after the arrest of a top Huawei executive that had renewed worries about U.S.-China trade tensions. Gambling software company Playtech slid 2.3 percent after it said it would pay 28 million euros under a settlement with Israeli tax authorities following an audit of its annual accounts.
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London's blue-chip bourse dropped 1.8 percent and the mid-cap index dipped 1.1 percent by 0851 GMT, with eyes on the country's manufacturing data due later in the morning. After ending a year marred by worries over a slowdown in global economic growth, data on Wednesday showed that as a private sector survey showed China's manufacturing activity contracted for the first time in 19 months. Global miners were also weak with copper prices lower amid concerns over growth in top metals consumer China.
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London's blue-chip bourse dropped 1.8 percent and the mid-cap index dipped 1.1 percent by 0851 GMT, with eyes on the country's manufacturing data due later in the morning. UK-listed companies with more exposure to the Asian market were the most hit with HSBC edging 2.1 percent lower and Standard Chartered down 3.3 percent. On the corporate news side, Ophir Energy shares outperformed the small-cap index and soared over 34 percent after the company said it was in takeover talks with a unit of Indonesia's Medco Energi International Tbk PT.
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Jan 2 () - UK shares were sharply lower on Wednesday, as investors came back from New Year celebrations to more disappointing data from China that added to existing concerns about the health of the world's economy. London's blue-chip bourse dropped 1.8 percent and the mid-cap index dipped 1.1 percent by 0851 GMT, with eyes on the country's manufacturing data due later in the morning. The FTSE 100 was on track for its worst day since Dec. 6, when a sell-off swept global markets after the arrest of a top Huawei executive that had renewed worries about U.S.-China trade tensions.
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17d7ac50-6c7e-4332-9699-59c5c275a0bb
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6808.0
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2018-12-31 00:00:00 UTC
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Chile monthly copper output highest in 13 years
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AAL
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https://www.nasdaq.com/articles/chile-monthly-copper-output-highest-13-years-2018-12-31
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nan
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nan
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SANTIAGO, Dec 31 () - Chile's copper production touched 540,720 tonnes in November, its highest level in 13 years, as ore grades and efficient processing favored increased output in the world's top producer of the red metal, the government said on Monday.
Copper production rose 7 percent from the same month the previous year, Chile's national statistics agency INE said, putting it at its highest level since December 2005.
Total production between January and November reached 5.33 million tonnes, a 6 percent increase over the same period the previous year.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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SANTIAGO, Dec 31 () - Chile's copper production touched 540,720 tonnes in November, its highest level in 13 years, as ore grades and efficient processing favored increased output in the world's top producer of the red metal, the government said on Monday. Copper production rose 7 percent from the same month the previous year, Chile's national statistics agency INE said, putting it at its highest level since December 2005. Total production between January and November reached 5.33 million tonnes, a 6 percent increase over the same period the previous year.
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SANTIAGO, Dec 31 () - Chile's copper production touched 540,720 tonnes in November, its highest level in 13 years, as ore grades and efficient processing favored increased output in the world's top producer of the red metal, the government said on Monday. Copper production rose 7 percent from the same month the previous year, Chile's national statistics agency INE said, putting it at its highest level since December 2005. Total production between January and November reached 5.33 million tonnes, a 6 percent increase over the same period the previous year.
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SANTIAGO, Dec 31 () - Chile's copper production touched 540,720 tonnes in November, its highest level in 13 years, as ore grades and efficient processing favored increased output in the world's top producer of the red metal, the government said on Monday. Copper production rose 7 percent from the same month the previous year, Chile's national statistics agency INE said, putting it at its highest level since December 2005. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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SANTIAGO, Dec 31 () - Chile's copper production touched 540,720 tonnes in November, its highest level in 13 years, as ore grades and efficient processing favored increased output in the world's top producer of the red metal, the government said on Monday. Copper production rose 7 percent from the same month the previous year, Chile's national statistics agency INE said, putting it at its highest level since December 2005. Total production between January and November reached 5.33 million tonnes, a 6 percent increase over the same period the previous year.
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62d98f0f-8ff5-4981-9352-e42bd0b3dcb6
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6809.0
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2018-12-31 00:00:00 UTC
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Are Investors Undervaluing American Airlines (AAL) Right Now?
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AAL
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https://www.nasdaq.com/articles/are-investors-undervaluing-american-airlines-aal-right-now-2018-12-31
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nan
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nan
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Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Of these, value investing is easily one of the most popular ways to find great stocks in any market environment. Value investors rely on traditional forms of analysis on key valuation metrics to find stocks that they believe are undervalued, leaving room for profits.
Luckily, Zacks has developed its own Style Scores system in an effort to find stocks with specific traits. Value investors will be interested in the system's "Value" category. Stocks with both "A" grades in the Value category and high Zacks Ranks are among the strongest value stocks on the market right now.
One company value investors might notice is American Airlines (AAL). AAL is currently sporting a Zacks Rank of #2 (Buy), as well as an A grade for Value. The stock holds a P/E ratio of 5.75, while its industry has an average P/E of 8.81. AAL's Forward P/E has been as high as 11.53 and as low as 5.34, with a median of 7.36, all within the past year.
Value investors also love the P/S ratio, which is calculated by simply dividing a stock's price with the company's sales. Some people prefer this metric because sales are harder to manipulate on an income statement. This means it could be a truer performance indicator. AAL has a P/S ratio of 0.33. This compares to its industry's average P/S of 0.65.
Finally, we should also recognize that AAL has a P/CF ratio of 4.85. This figure highlights a company's operating cash flow and can be used to find firms that are undervalued when considering their impressive cash outlook. This stock's P/CF looks attractive against its industry's average P/CF of 5.44. AAL's P/CF has been as high as 7.33 and as low as 4.50, with a median of 5.59, all within the past year.
These figures are just a handful of the metrics value investors tend to look at, but they help show that American Airlines is likely being undervalued right now. Considering this, as well as the strength of its earnings outlook, AAL feels like a great value stock at the moment.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
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 company value investors might notice is American Airlines (AAL). AAL is currently sporting a Zacks Rank of #2 (Buy), as well as an A grade for Value. AAL's Forward P/E has been as high as 11.53 and as low as 5.34, with a median of 7.36, all within the past year.
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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 company value investors might notice is American Airlines (AAL). AAL is currently sporting a Zacks Rank of #2 (Buy), as well as an A grade for Value.
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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 company value investors might notice is American Airlines (AAL). AAL is currently sporting a Zacks Rank of #2 (Buy), as well as an A grade for Value.
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AAL has a P/S ratio of 0.33. One company value investors might notice is American Airlines (AAL). AAL is currently sporting a Zacks Rank of #2 (Buy), as well as an A grade for Value.
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f89c3f25-aa3e-40bd-992b-bc7f2c2b23a0
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6810.0
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2018-12-31 00:00:00 UTC
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UK's FTSE 100 slightly lower in fitting farewell to dim 2018
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AAL
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https://www.nasdaq.com/articles/uks-ftse-100-slightly-lower-fitting-farewell-dim-2018-2018-12-31
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nan
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nan
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* FTSE 100 edges 0.1 pct lower
* FTSE 250 up 0.2 pct
* Worst year for UK indexes since 2008
* Many 2018 headwinds remain in play for 2019 - analyst (Adds historical milestones, analyst comments, updates sharemoves)
By Muvija M and Shashwat Awasthi
Dec 31 (Reuters) - The UK blue-chip index ended its worstyear since the 2008 financial crisis in the red, as a strongpound pulled down exporter shares, offsetting U.S. PresidentDonald Trump's positive comments on the U.S.-China tradedispute.
The FTSE 100 .FTSE lost 0.1 percent, while the FTSE 250 .FTMC added 0.2 percent on the final trading day of 2018,after a rally on Friday when they both closed more than 2percent higher.
British American TobaccoBATS.L , GlaxoSmithKline GSK.L ,HSBCHSBA.L , Unilever ULVR.L , Reckitt Benckiser RB.L alldipped 0.4 to 2.7 percent.
The indexes suffered their worst year since the 2008financial crisis, falling 12.5 percent and 15.6 percent,respectively. The U.S.-China trade war, Brexit uncertainties anda U.S. government shutdown all weighed on stocks.
Trump tweeted that he had a "long and very good call" withChinese President Xi Jinping and a possible trade deal betweenwas progressing. urn:newsml:reuters.com:*:nL1N1YY055
AIM-listed oil and gas company Cabot EnergyCABC.L plummeted 59 percent to hit a record low after warning that itmight not be able to operate as a going concern if it does notraise money from shareholders in January.
DEATH CROSSES AND BEAR MARKET
A roller-coaster year saw the FTSE 100 reach new highs earlyon but form the "death cross" pattern twice, when its 50-daymoving average fell below its 200-DMA, which some marketwatchers see as a bearish near-term signal.
The spotlight is likely to fall on the mid-cap index, whichflirted with bear market territory last week, as a mid-Januaryparliamentary vote on Prime Minister Theresa May's controversialBrexit deal draws near.
Outperforming the blue chips, online grocer OcadoOCDO.L rose 2.9 percent, making it a clear winner not just for the daybut also for the year.
The stock nearly doubled in value in 2018, partly boosted bymajor overseas technology partnerships, including U.S. groupKroger, in what its chief executive officer referred to as a"transformative year". urn:newsml:reuters.com:*:nL8N1YI1D8
Drugmaker Hikma PharmaceuticalsHIK.L followed with a 51.3percent gain as it took advantage of short supplies forinjectable opioid painkillers in the United States.
GlaxoSmithKline GSK.L and AstraZenecaAZN.L were alsoamong the big gainers, rising 12.8 percent and 14.7 percentrespectively.
Among losers, tobacco firm BAT dropped 50.2 percent in ayear that was marred by proposals for a major crackdown onmenthol cigarette sales in the U.S.
Oil stocks also dropped as crude prices plunged amid concernover a supply glut, dragging BP BP.L and Shell RDSa.L in tothe red.
Sports car maker Aston Martin AML.L , peer-to-peer lenderFunding Circle FCH.L and Old Mutual'sOML.L unit Quilter QLT.L all shed value after debuting this year.
Investors punished retail shares, where several householdnames were clobbered by stiff competition from Amazon, Brexitjitters, lower consumer spending and rising labour costs. Aretail selloff led by ASOS'sASOS.L profit alert did not help.
SuperdrySDRY.L was the worst mid-cap loser with a 75.7percent drop this year, hit by warm weather prompting profitwarnings.
Just last week, music retailer HMV announced it was callingin administrators, joining Toys R Us, House of Fraser andMothercare MTC.L .
But market volatility was a boon to mid-cap online tradingplatform Plus500PLUSP.L , which was by far the biggest gaineron the FTSE 250 this year with a 63 percent leap.
"The advantage we have starting the new year is that ifinvestors are prepared to start afresh, lower entry points andmulti-year lows on many things could attract interest", saidMichael van Dulken, an analyst at Accendo Markets.
"That said, many of the headwinds like the trade war, andtighter monetary policy, China slowing, etc., remain very muchin play."
(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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* FTSE 100 edges 0.1 pct lower * FTSE 250 up 0.2 pct * Worst year for UK indexes since 2008 * Many 2018 headwinds remain in play for 2019 - analyst (Adds historical milestones, analyst comments, updates sharemoves) By Muvija M and Shashwat Awasthi Dec 31 (Reuters) - The UK blue-chip index ended its worstyear since the 2008 financial crisis in the red, as a strongpound pulled down exporter shares, offsetting U.S. PresidentDonald Trump's positive comments on the U.S.-China tradedispute. urn:newsml:reuters.com:*:nL1N1YY055 AIM-listed oil and gas company Cabot EnergyCABC.L plummeted 59 percent to hit a record low after warning that itmight not be able to operate as a going concern if it does notraise money from shareholders in January. The spotlight is likely to fall on the mid-cap index, whichflirted with bear market territory last week, as a mid-Januaryparliamentary vote on Prime Minister Theresa May's controversialBrexit deal draws near.
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* FTSE 100 edges 0.1 pct lower * FTSE 250 up 0.2 pct * Worst year for UK indexes since 2008 * Many 2018 headwinds remain in play for 2019 - analyst (Adds historical milestones, analyst comments, updates sharemoves) By Muvija M and Shashwat Awasthi Dec 31 (Reuters) - The UK blue-chip index ended its worstyear since the 2008 financial crisis in the red, as a strongpound pulled down exporter shares, offsetting U.S. PresidentDonald Trump's positive comments on the U.S.-China tradedispute. The indexes suffered their worst year since the 2008financial crisis, falling 12.5 percent and 15.6 percent,respectively. (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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* FTSE 100 edges 0.1 pct lower * FTSE 250 up 0.2 pct * Worst year for UK indexes since 2008 * Many 2018 headwinds remain in play for 2019 - analyst (Adds historical milestones, analyst comments, updates sharemoves) By Muvija M and Shashwat Awasthi Dec 31 (Reuters) - The UK blue-chip index ended its worstyear since the 2008 financial crisis in the red, as a strongpound pulled down exporter shares, offsetting U.S. PresidentDonald Trump's positive comments on the U.S.-China tradedispute. The indexes suffered their worst year since the 2008financial crisis, falling 12.5 percent and 15.6 percent,respectively. (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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* FTSE 100 edges 0.1 pct lower * FTSE 250 up 0.2 pct * Worst year for UK indexes since 2008 * Many 2018 headwinds remain in play for 2019 - analyst (Adds historical milestones, analyst comments, updates sharemoves) By Muvija M and Shashwat Awasthi Dec 31 (Reuters) - The UK blue-chip index ended its worstyear since the 2008 financial crisis in the red, as a strongpound pulled down exporter shares, offsetting U.S. PresidentDonald Trump's positive comments on the U.S.-China tradedispute. The indexes suffered their worst year since the 2008financial crisis, falling 12.5 percent and 15.6 percent,respectively. SuperdrySDRY.L was the worst mid-cap loser with a 75.7percent drop this year, hit by warm weather prompting profitwarnings.
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c586e9f6-8049-4d42-bf2a-368e6cc8ac28
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6811.0
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2018-12-27 00:00:00 UTC
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Nasdaq 100 Movers: TSLA, JD
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AAL
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https://www.nasdaq.com/articles/nasdaq-100-movers-tsla-jd-2018-12-27
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nan
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nan
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In early trading on Thursday, shares of JD.com ( JD ) topped the list of the day's best performing components of the Nasdaq 100 index, trading up 2.6%. Year to date, JD.com has lost about 47.7% of its value.
And the worst performing Nasdaq 100 component thus far on the day is Tesla ( TSLA ), trading down 3.1%. Tesla is showing a gain of 1.5% looking at the year to date performance.
Two other components making moves today are American Airlines Group ( AAL ), trading down 3.0%, and Micron Technology ( MU ), trading up 1.4% on the day.
VIDEO: Nasdaq 100 Movers: TSLA, JD
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Two other components making moves today are American Airlines Group ( AAL ), trading down 3.0%, and Micron Technology ( MU ), trading up 1.4% on the day. And the worst performing Nasdaq 100 component thus far on the day is Tesla ( TSLA ), trading down 3.1%. Tesla is showing a gain of 1.5% looking at the year to date performance.
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Two other components making moves today are American Airlines Group ( AAL ), trading down 3.0%, and Micron Technology ( MU ), trading up 1.4% on the day. And the worst performing Nasdaq 100 component thus far on the day is Tesla ( TSLA ), trading down 3.1%. VIDEO: Nasdaq 100 Movers: TSLA, JD The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Two other components making moves today are American Airlines Group ( AAL ), trading down 3.0%, and Micron Technology ( MU ), trading up 1.4% on the day. In early trading on Thursday, shares of JD.com ( JD ) topped the list of the day's best performing components of the Nasdaq 100 index, trading up 2.6%. And the worst performing Nasdaq 100 component thus far on the day is Tesla ( TSLA ), trading down 3.1%.
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Two other components making moves today are American Airlines Group ( AAL ), trading down 3.0%, and Micron Technology ( MU ), trading up 1.4% on the day. And the worst performing Nasdaq 100 component thus far on the day is Tesla ( TSLA ), trading down 3.1%. Tesla is showing a gain of 1.5% looking at the year to date performance.
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f694abb9-c482-48a1-8214-40f15b95a0b9
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6812.0
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2018-12-27 00:00:00 UTC
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4 Top-Ranked Airline Stocks That Could Fly Higher in 2019
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AAL
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https://www.nasdaq.com/articles/4-top-ranked-airline-stocks-that-could-fly-higher-in-2019-2018-12-27
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nan
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nan
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The airline industry has struggled for the most part of 2018, thanks to rising oil prices . With fuel comprising a major chunk of the airline expenditure, an upswing in crude oil prices certainly does not bode well for the industry. Apart from escalating fuel prices, high labor costs have weighed on bottom-line growth of individual companies. The airline employees' agitation against low pay scales has propelled frequent new labor deals across the industry.
However, this adversity was partly offset by strong demand for air travel, leading to higher passenger revenues and in turn, boosting the top line. Evidently, the top line of a majority of the carriers has shown a year-over-year improvement in the first nine months of 2018. To name a few, United Continental Holdings UAL , Delta Air Lines DAL , American Airlines AAL and Alaska Air Group ALK have shown top line improvements of 8.7%, 9%, 5% and 4%, respectively.
The Turnaround
The prime factor behind the airline industry's recovery can be attributed to the downward trend in oil prices since mid-October. To add to it, the oil price retreat coincided with the record-setting thanksgiving travel period. Backed by such an upbeat scenario, several major U.S. carriers have provided bullish fourth-quarter projections. Alaska Air Group anticipates fourth-quarter revenue per available seat mile in the range of 12.70-12.80 cents compared with the previous guidance of 12.60-12.80 cents. The revised estimate represents a year-over-year change of 4-5%. Notably, the carrier raised its unit revenue outlook twice within a few weeks' span.
Meanwhile, Spirit Airlines SAVE predicts the same to rise approximately 11% (past view had called for an approximate 6% increase). Spirit Airlines and Southwest Airlines have also lowered forecasts for fuel cost in the final quarter of 2018. While Southwest Airlines expects fuel costs between $2.25 and $2.30 per gallon (earlier view was in the $2.30-$2.35 band), Spirit Airlines estimates economic fuel cost to be $2.27 per gallon compared with $2.46 envisioned earlier.
Despite chances of oil prices rising again in 2019 and a global economic slowdown, the International Air Transport Association (IATA) has provided a positive outlook for the industry. The research firm predicts global net profit of $35.5 billion in 2019 for the industry, above $32.3 billion expected in 2018. The industry's revenues are predicted to increase approximately 7.7% to $885 billion. Additionally, the passenger count and cargo tonnes are also forecast to rise, totaling 4.59 billion and 65.9 million, respectively.
With tight labor market conditions and a rising disposable income, demand for air travel is anticipated to remain strong. Notably, the IATA expects 8.2 billion passengers to take the sky route by 2037, doubling the current levels.
The Zacks Industry Rank of 24 (of 250 plus groups) carried by the Zacks Airline Industry further highlights the air of optimism surrounding the space. This favorable rank places the companies within the top 10% slot of the Zacks industries.
Given this bullish backdrop, it would be wise to capitalize on the situation and invest in some top-ranked airline stocks. To zero in on the stocks, we have chosen a few outliers that have performed well in 2018, overcoming all the hostilities.
4 Prominent Picks
Given the vastness of the sector, it is by no means an easy task to arrive at likely outperformers for the coming year. This is where the Zacks Rank, which justifies a company's strong fundamentals, can come in really handy.
Based on a favorable Zacks Rank #1 (Strong Buy) or 2 (Buy), we have zoomed in on four airline stocks, which should be added to one's portfolio for handsome returns. You can see the complete list of today's Zacks #1 Rank stocks here .
Spirit Airlines is an ultra low-cost carrier based in Miramar, FL. The company flaunting a Zacks Rank of 1 has been making continued efforts to improve its operational efficiency by reducing non-fuel unit costs. Notably, unit costs (excluding fuel and special items) decreased 6.8% in the first nine months of 2018. For the full year, the company expects the same to decline in the 3.5-4% band year over year. Strong passenger revenues are further driving the company's growth. Passenger revenues jumped 25.6% in the first nine months of this year. Owing to these tailwinds, the stock has rallied a massive 28.8% so far in the year against the industry's 25.2% decline.
The Zacks Consensus Estimate for the company's current-year earnings has moved 18.8% north in the last 60 days. The same for 2019 has been revised 28% upward over the same time frame. Additionally, the stock carries a VGM Score of B. Here V stands for Value, G for Growth and M for Momentum and the score is a weighted combination of all three scores. Such a score allows you to eliminate the negative aspects of stocks and select winners. Our research shows that stocks with a VGM Score of A or B when combined with a Zacks Rank #1 or 2 offer the best upside potential.
AzulAZUL , headquartered at Barueri, São Paulo, is one of the largest airlines in Brazil in terms of departures and destinations covered. The company has been benefiting from high passenger revenues on the back of strong air travel demand. Notably, passenger revenues augmented 19.6% on a year-over-year basis during the first nine months of 2018. Strong passenger revenues are anticipated to continue boosting the top line. The carrier's traffic statistics in the first 11 months of 2018 also bear testimony to its solid travel demand. At the end of the first 11 months of 2018, the company registered a year-over-year increase of 16.7% and 16.3% in revenue passenger miles and available seat miles, respectively. With traffic growth outpacing capacity expansion, load factor (percentage of seats filled by passengers) improved 0.3 percentage points to 82.2%.
Shares of this #1 Ranked stock have appreciated 13% so far in 2018. The Zacks Consensus Estimate for the company's earnings in 2019 have risen 13.3% over the last 60 days.
United Continental Holdings is the holding company for both United Airlines and Continental Airlines based in Chicago, IL. Passenger revenues have increased 8.8% in the first nine months of 2018 at United Airlines, a subsidiary of United Continental. The carrier's strong passenger traffic is evident from the seventh straight month of load factor increase this November. Also, this Zacks Rank #2 company has been making consistent efforts to expand operations in order to attract traffic and further drive revenues. In December 2018, it announced the largest international route expansion connecting San Francisco and Seoul, beginning Apr 1, 2019. Additionally, in November 2018, the carrier entered into a joint business agreement with Copa Holdings and Avianca (including several of its affiliates) to bolster its Latin American presence.
The carrier's projections for current-year earnings are also encouraging. It now expects earnings in 2018 between $8 and $8.75 per share (earlier outlook projected earnings of $7.25-$8.75 in 2018). The carrier is well on track to achieve its 2020 adjusted earnings guidance of $11-$13.
Owing to these tailwinds, shares of the company have gained 24.3% on a year-to-date basis. The Zacks Consensus Estimate for current-quarter earnings has moved 1.4% up in the last 60 days. The same for 2019 earnings has been raised 4.3% over the same time frame. To top it all, the company has an impressive VGM score of A.
Swire Pacific Ltd . SWRAY is one of Hong Kong's leading listed companies with diversified interests in five operating divisions: Property, Aviation, Beverages, Marine Services and Trading & Industrial. The aviation division grouped under Cathay Pacific group and the Hong Kong Aircraft Engineering Company ("HAECO") group includes airline, aircraft engineering, flight catering, cargo terminal operations and ground services operations. Shares of this Zacks Rank 2 company have risen 16.2% so far in the year. Also, the stock has a commendable Value Score of A. The Zacks Consensus Estimate for 2018 earnings has been revised 15.9% upward in the last 60 days. Also, the same for 2019 earnings has been nudged 1.1% up over the same time frame.
In addition to the stocks discussed above, would you like to know about our 10 top tickers to buy and hold for the entirety of 2019?
These 10 are painstakingly handpicked from over 4,000 companies covered by the Zacks Rank. They are our primary picks poised to outperform in the year ahead. Be among the first to see the new Zacks Top 10 Stocks >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Alaska Air Group, Inc. (ALK): Free Stock Analysis Report
Delta Air Lines, Inc. (DAL): Free Stock Analysis Report
American Airlines Group Inc. (AAL): Free Stock Analysis Report
Spirit Airlines, Inc. (SAVE): Free Stock Analysis Report
United Continental Holdings, Inc. (UAL): Free Stock Analysis Report
Swire Pacific Ltd. (SWRAY): 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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To name a few, United Continental Holdings UAL , Delta Air Lines DAL , American Airlines AAL and Alaska Air Group ALK have shown top line improvements of 8.7%, 9%, 5% and 4%, respectively. 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): Free Stock Analysis Report Spirit Airlines, Inc. (SAVE): Free Stock Analysis Report United Continental Holdings, Inc. (UAL): Free Stock Analysis Report Swire Pacific Ltd. (SWRAY): Free Stock Analysis Report AZUL SA (AZUL): Free Stock Analysis Report To read this article on Zacks.com click here. Despite chances of oil prices rising again in 2019 and a global economic slowdown, the International Air Transport Association (IATA) has provided a positive outlook for the industry.
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To name a few, United Continental Holdings UAL , Delta Air Lines DAL , American Airlines AAL and Alaska Air Group ALK have shown top line improvements of 8.7%, 9%, 5% and 4%, respectively. 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): Free Stock Analysis Report Spirit Airlines, Inc. (SAVE): Free Stock Analysis Report United Continental Holdings, Inc. (UAL): Free Stock Analysis Report Swire Pacific Ltd. (SWRAY): Free Stock Analysis Report AZUL SA (AZUL): Free Stock Analysis Report To read this article on Zacks.com click here. The aviation division grouped under Cathay Pacific group and the Hong Kong Aircraft Engineering Company ("HAECO") group includes airline, aircraft engineering, flight catering, cargo terminal operations and ground services operations.
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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): Free Stock Analysis Report Spirit Airlines, Inc. (SAVE): Free Stock Analysis Report United Continental Holdings, Inc. (UAL): Free Stock Analysis Report Swire Pacific Ltd. (SWRAY): Free Stock Analysis Report AZUL SA (AZUL): Free Stock Analysis Report To read this article on Zacks.com click here. To name a few, United Continental Holdings UAL , Delta Air Lines DAL , American Airlines AAL and Alaska Air Group ALK have shown top line improvements of 8.7%, 9%, 5% and 4%, respectively. The Zacks Industry Rank of 24 (of 250 plus groups) carried by the Zacks Airline Industry further highlights the air of optimism surrounding the space.
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To name a few, United Continental Holdings UAL , Delta Air Lines DAL , American Airlines AAL and Alaska Air Group ALK have shown top line improvements of 8.7%, 9%, 5% and 4%, respectively. 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): Free Stock Analysis Report Spirit Airlines, Inc. (SAVE): Free Stock Analysis Report United Continental Holdings, Inc. (UAL): Free Stock Analysis Report Swire Pacific Ltd. (SWRAY): Free Stock Analysis Report AZUL SA (AZUL): Free Stock Analysis Report To read this article on Zacks.com click here. Strong passenger revenues are further driving the company's growth.
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d48276a3-1eb5-403e-b676-50b36b1641ab
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6813.0
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2018-12-27 00:00:00 UTC
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Oil stocks sink UK's FTSE 100 as Wall Street cheer runs out
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AAL
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https://www.nasdaq.com/articles/oil-stocks-sink-uks-ftse-100-wall-street-cheer-runs-out-2018-12-27
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nan
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nan
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Dec 27 () - The UK's FTSE 100 gave up early gains and sunk to lows not seen since August 2016 as a dip in oil stocks on oversupply concerns overrode initial cheer from Wall Street where strong U.S. data had helped drive a dramatic rebound.
The FTSE 100 was 0.5 percent lower by 0927 GMT after initially rising as much as 0.6 percent, while the FTSE 250 mid-cap index also pared initial gains to trade about flat.
Both UK indexes initially gained on the back of record point surge on Wall Street on Wednesday when the three main U.S. indexes recorded their biggest intraday percentage gains in almost a decade.
"The sustainability of this (Wall Street) rally is questionable due to mounting concerns over economic growth next year..." Margaret Yang, CMC Markets analyst, told .
"The outlook remains cloudy on many political and economic uncertainties over trade war, Brexit, U.S. government shut down and continuous rate hike by the Federal Reserve that will slowly drain market liquidity."
Oil major BP dropped nearly 2 percent and was the biggest drag on the main index. Shell 0.6 percent lower.
Crude prices dropped after soaring 8 percent in the previous session, hurt by worries over a glut in crude supply and concerns over a faltering global economy.
Global markets have been rattled by fears over a slowdown in economic growth, political uncertainties stemming from a government shutdown in the United States and Fed's retained plans for more rate hikes in 2019.
Uncertainties over the terms of UK's exit from the European Union and Prime Minister Theresa May's highly-debated divorce deal has aggravated fears at home, putting the indexes on track for their worst yearly losses since the financial crisis in 2008.
Further dampening the mood was data that showed business leaders' confidence in the British economy has sunk to its lowest level in over one and a half years as the risk of a no-deal Brexit grows.
"The mid-term trend remains bearish for FTSE 100 and FTSE 250, and market confidence needs to be restored by major shifts in prospect of Brexit, growth and broader market rebound for this trend to be reversed", Yang added.
In news-driven moves, the mid-cap index benefited from a 6 percent rise in online trading platform Plus500 that led finance stocks higher. Plus500 said it expects its 2018 results to top market expectations thanks in part to market volatility in recent months.
"We believe this company has just earned more than a quarter of what we, the highest estimate in the market, expect for 2019," Liberum analysts said.
AIM-listed shares of Earthport Plc, a provider of payment services, roughly quadrupled in value to match the 30-pence-a-share buyout offer from U.S. payments firm Visa 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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Dec 27 () - The UK's FTSE 100 gave up early gains and sunk to lows not seen since August 2016 as a dip in oil stocks on oversupply concerns overrode initial cheer from Wall Street where strong U.S. data had helped drive a dramatic rebound. "The outlook remains cloudy on many political and economic uncertainties over trade war, Brexit, U.S. government shut down and continuous rate hike by the Federal Reserve that will slowly drain market liquidity." Uncertainties over the terms of UK's exit from the European Union and Prime Minister Theresa May's highly-debated divorce deal has aggravated fears at home, putting the indexes on track for their worst yearly losses since the financial crisis in 2008.
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The FTSE 100 was 0.5 percent lower by 0927 GMT after initially rising as much as 0.6 percent, while the FTSE 250 mid-cap index also pared initial gains to trade about flat. Both UK indexes initially gained on the back of record point surge on Wall Street on Wednesday when the three main U.S. indexes recorded their biggest intraday percentage gains in almost a decade. "The sustainability of this (Wall Street) rally is questionable due to mounting concerns over economic growth next year..." Margaret Yang, CMC Markets analyst, told .
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The FTSE 100 was 0.5 percent lower by 0927 GMT after initially rising as much as 0.6 percent, while the FTSE 250 mid-cap index also pared initial gains to trade about flat. Both UK indexes initially gained on the back of record point surge on Wall Street on Wednesday when the three main U.S. indexes recorded their biggest intraday percentage gains in almost a decade. "The mid-term trend remains bearish for FTSE 100 and FTSE 250, and market confidence needs to be restored by major shifts in prospect of Brexit, growth and broader market rebound for this trend to be reversed", Yang added.
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The FTSE 100 was 0.5 percent lower by 0927 GMT after initially rising as much as 0.6 percent, while the FTSE 250 mid-cap index also pared initial gains to trade about flat. Both UK indexes initially gained on the back of record point surge on Wall Street on Wednesday when the three main U.S. indexes recorded their biggest intraday percentage gains in almost a decade. "The sustainability of this (Wall Street) rally is questionable due to mounting concerns over economic growth next year..." Margaret Yang, CMC Markets analyst, told .
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30e9ddc5-901e-4125-9091-a339c7c22f77
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6814.0
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2018-12-27 00:00:00 UTC
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UK stocks climb Wall Street ladder
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AAL
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https://www.nasdaq.com/articles/uk-stocks-climb-wall-street-ladder-2018-12-27
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nan
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nan
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(For a live blog on European stocks, type LIVE/ in an Eikonnews window)
* FTSE 100 up 0.2 pct
* FTSE 250 rises 0.7 pct
* Plus500 the best mid-cap performer after trading update
Dec 27 (Reuters) - British stocks opened higher on Thursday,in line with most equity markets after Wall Street bounced backdramatically after upbeat U.S. data and the Trumpadministration's effort to shore up confidence helped easeconcerns about an economic slowdown.
The FTSE 100 .FTSE added 0.2 percent after initiallyrising as much as 0.6 percent, while the FTSE 250 mid-cap .FTMC index gained 0.7 percent by 0820 GMT, sparking smallhopes of a late Santa rally that has eluded investors all month.
The Dow Jones .DJI shot over 1,000 points on Wednesday,with all three main U.S. indexes recording their biggestintraday percentage gains in almost a decade by the end of thesession. urn:newsml:reuters.com:*:nL1N1YV107
London's bourse was also supported by a rise in miningstocks, buoyed by higher copper prices on the back of a rally infinancial and commodity markets.
The mid-cap index, which is more domestically focused,benefited from a 7 percent jump in online trading platformPlus500 PLUSP.L that led finance stocks higher.
Plus500 rose after saying it expects its 2018 results to topmarket expectations thanks in part to market volatility inrecent months. urn:newsml:reuters.com:*:nL3N1YW1ZO
AIM-listed shares of Earthport PlcEPO.L , a provider ofpayment services, roughly quadrupled in value to match the30-pence-a-share buyout offer from U.S. payments firm Visa IncV.N . (Reporting by Muvija M and Shashwat Awasthi in Bengaluru,editing by Louise Heavens) ((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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(For a live blog on European stocks, type LIVE/ in an Eikonnews window) * FTSE 100 up 0.2 pct * FTSE 250 rises 0.7 pct * Plus500 the best mid-cap performer after trading update Dec 27 (Reuters) - British stocks opened higher on Thursday,in line with most equity markets after Wall Street bounced backdramatically after upbeat U.S. data and the Trumpadministration's effort to shore up confidence helped easeconcerns about an economic slowdown. urn:newsml:reuters.com:*:nL1N1YV107 London's bourse was also supported by a rise in miningstocks, buoyed by higher copper prices on the back of a rally infinancial and commodity markets. urn:newsml:reuters.com:*:nL3N1YW1ZO AIM-listed shares of Earthport PlcEPO.L , a provider ofpayment services, roughly quadrupled in value to match the30-pence-a-share buyout offer from U.S. payments firm Visa IncV.N .
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(For a live blog on European stocks, type LIVE/ in an Eikonnews window) * FTSE 100 up 0.2 pct * FTSE 250 rises 0.7 pct * Plus500 the best mid-cap performer after trading update Dec 27 (Reuters) - British stocks opened higher on Thursday,in line with most equity markets after Wall Street bounced backdramatically after upbeat U.S. data and the Trumpadministration's effort to shore up confidence helped easeconcerns about an economic slowdown. The FTSE 100 .FTSE added 0.2 percent after initiallyrising as much as 0.6 percent, while the FTSE 250 mid-cap .FTMC index gained 0.7 percent by 0820 GMT, sparking smallhopes of a late Santa rally that has eluded investors all month. (Reporting by Muvija M and Shashwat Awasthi in Bengaluru,editing by Louise Heavens) ((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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(For a live blog on European stocks, type LIVE/ in an Eikonnews window) * FTSE 100 up 0.2 pct * FTSE 250 rises 0.7 pct * Plus500 the best mid-cap performer after trading update Dec 27 (Reuters) - British stocks opened higher on Thursday,in line with most equity markets after Wall Street bounced backdramatically after upbeat U.S. data and the Trumpadministration's effort to shore up confidence helped easeconcerns about an economic slowdown. The FTSE 100 .FTSE added 0.2 percent after initiallyrising as much as 0.6 percent, while the FTSE 250 mid-cap .FTMC index gained 0.7 percent by 0820 GMT, sparking smallhopes of a late Santa rally that has eluded investors all month. (Reporting by Muvija M and Shashwat Awasthi in Bengaluru,editing by Louise Heavens) ((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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(For a live blog on European stocks, type LIVE/ in an Eikonnews window) * FTSE 100 up 0.2 pct * FTSE 250 rises 0.7 pct * Plus500 the best mid-cap performer after trading update Dec 27 (Reuters) - British stocks opened higher on Thursday,in line with most equity markets after Wall Street bounced backdramatically after upbeat U.S. data and the Trumpadministration's effort to shore up confidence helped easeconcerns about an economic slowdown. The FTSE 100 .FTSE added 0.2 percent after initiallyrising as much as 0.6 percent, while the FTSE 250 mid-cap .FTMC index gained 0.7 percent by 0820 GMT, sparking smallhopes of a late Santa rally that has eluded investors all month. The Dow Jones .DJI shot over 1,000 points on Wednesday,with all three main U.S. indexes recording their biggestintraday percentage gains in almost a decade by the end of thesession.
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c360eb3e-1364-4915-90e7-d437498d3c93
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6815.0
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2018-12-26 00:00:00 UTC
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Interesting AAL Put Options For March 2019
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AAL
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https://www.nasdaq.com/articles/interesting-aal-put-options-march-2019-2018-12-26
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nan
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nan
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Investors in American Airlines Group Inc (Symbol: AAL) saw new options become available today, for the March 2019 expiration. One of the key inputs that goes into the price an option buyer is willing to pay, is the time value, so with 79 days until expiration the newly available contracts represent a possible opportunity for sellers of puts or calls to achieve a higher premium than would be available for the contracts with a closer expiration. At Stock Options Channel , our YieldBoost formula has looked up and down the AAL options chain for the new March 2019 contracts and identified the following put contract of particular interest.
The put contract at the $26.00 strike price has a current bid of $1.45. If an investor was to sell-to-open that put contract, they are committing to purchase the stock at $26.00, but will also collect the premium, putting the cost basis of the shares at $24.55 (before broker commissions). To an investor already interested in purchasing shares of AAL, that could represent an attractive alternative to paying $30.05/share today.
Because the $26.00 strike represents an approximate 13% discount to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the put contract would expire worthless. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 100%. Stock Options Channel will track those odds over time to see how they change, publishing a chart of those numbers on our website under the contract detail page for this contract . Should the contract expire worthless, the premium would represent a 5.58% return on the cash commitment, or 25.78% annualized - at Stock Options Channel we call this the YieldBoost .
Below is a chart showing the trailing twelve month trading history for American Airlines Group Inc, and highlighting in green where the $26.00 strike is located relative to that history:
Meanwhile, we calculate the actual trailing twelve month volatility (considering the last 251 trading day closing values as well as today's price of $30.05) to be 39%. For more put and call options contract ideas worth looking at, visit StockOptionsChannel.com.
Top YieldBoost Puts of the Nasdaq 100 »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Investors in American Airlines Group Inc (Symbol: AAL) saw new options become available today, for the March 2019 expiration. At Stock Options Channel , our YieldBoost formula has looked up and down the AAL options chain for the new March 2019 contracts and identified the following put contract of particular interest. To an investor already interested in purchasing shares of AAL, that could represent an attractive alternative to paying $30.05/share today.
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Investors in American Airlines Group Inc (Symbol: AAL) saw new options become available today, for the March 2019 expiration. At Stock Options Channel , our YieldBoost formula has looked up and down the AAL options chain for the new March 2019 contracts and identified the following put contract of particular interest. To an investor already interested in purchasing shares of AAL, that could represent an attractive alternative to paying $30.05/share today.
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At Stock Options Channel , our YieldBoost formula has looked up and down the AAL options chain for the new March 2019 contracts and identified the following put contract of particular interest. Investors in American Airlines Group Inc (Symbol: AAL) saw new options become available today, for the March 2019 expiration. To an investor already interested in purchasing shares of AAL, that could represent an attractive alternative to paying $30.05/share today.
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At Stock Options Channel , our YieldBoost formula has looked up and down the AAL options chain for the new March 2019 contracts and identified the following put contract of particular interest. Investors in American Airlines Group Inc (Symbol: AAL) saw new options become available today, for the March 2019 expiration. To an investor already interested in purchasing shares of AAL, that could represent an attractive alternative to paying $30.05/share today.
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14b40a89-d6ec-4ac3-a274-76422672f10d
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6816.0
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2018-12-26 00:00:00 UTC
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American Airlines Dips to 52-Week Low: What Lies Ahead?
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AAL
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https://www.nasdaq.com/articles/american-airlines-dips-to-52-week-low%3A-what-lies-ahead-2018-12-26
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nan
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nan
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Shares of American Airlines GroupAAL slipped to a 52-week low of $29.67 during the trading session on Dec 24 before retracing a bit to close at $29.72. The stock has lost 43.3% in a year's time compared with the industry 's 28.6% decline.
Reasons Behind the Stock's Decline
American Airlines has struggled with low bottom-line growth for the most part of 2018, thanks to rising fuel prices. This is because fuel comprises a major chunk of the airline expenditure. Evidently, the company's bottom line declined significantly during the first nine months of 2018. In fact, the airline seems to have little respite even now that oil prices are down trending. The carrier's projection for fuel costs in the final quarter of 2018 remains unchanged at $2.30-$2.35 compared with $1.90 in the year-ago period.
We remind investors that fellow players in the industry such as Southwest Airlines LUV , Spirit Airlines SAVE and Alaska Air Group ALK have lowered their fuel cost forecast following the slump in oil prices this November. However, American Airlines is perhaps still skeptical and yet to make a move.
Apart from fuel prices, high labor costs are also weighing on the company's earnings. With airline employees agitating over low pay scales, labor deals are very much in vogue in the industry. In this regard, pilots at American Airlines are planning to amend the existing contract (inked in 2015) before it becomes due for renewal in early 2020. To this end, the union (Allied Pilots Association) representing American Airlines' 15,000 pilots has asked the company to commence negotiations in January 2019 for a fresh contract including an improved pay structure. (Read more: American Airlines Pilots Aim for New Contract Talks in 2019 )
The contract on materialization will certainly be a big boon to the airline staff. However, additional costs from it might affect the company's earnings.
Passenger Traffic Strong Amid Cost Woes
We expect strong demand for air travel to support this Zacks Rank #2 (Buy) company's growth despite the carrier struggling with rising costs. As a result of robust demand, passenger revenues, accounting for bulk of the top line, increased 4.3% in the first nine months of 2018. Moreover, total revenue per available seat miles (TRASM: a key measure of unit revenues) is anticipated to increase in the 1.5-3.5% band during the final quarter of 2018. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here .
Buoyed by this tailwind among other factors, the Zacks Consensus Estimate for current-quarter earnings has been revised 13.7% upward in the last 60 days. Also, the same for 2018 earnings has moved 2.2% north.
Today's Stocks from Zacks' Hottest Strategies
It's hard to believe, even for us at Zacks. But while the market gained +21.9% in 2017, our top stock-picking screens have returned +115.0%, +109.3%, +104.9%, +98.6%, and +67.1%.
And this outperformance has not just been a recent phenomenon. Over the years it has been remarkably consistent. From 2000 - 2017, the composite yearly average gain for these strategies has beaten the market more than 19X over. Maybe even more remarkable is the fact that we're willing to share their latest stocks with you without cost or obligation.
See Them Free>>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
American Airlines Group Inc. (AAL): Free Stock Analysis Report
Alaska Air Group, Inc. (ALK): Free Stock Analysis Report
Spirit Airlines, Inc. (SAVE): Free Stock Analysis Report
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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Shares of American Airlines GroupAAL slipped to a 52-week low of $29.67 during the trading session on Dec 24 before retracing a bit to close at $29.72. Click to get this free report American Airlines Group Inc. (AAL): Free Stock Analysis Report Alaska Air Group, Inc. (ALK): Free Stock Analysis Report Spirit Airlines, Inc. (SAVE): Free Stock Analysis Report Southwest Airlines Co. (LUV): Free Stock Analysis Report To read this article on Zacks.com click here. Reasons Behind the Stock's Decline American Airlines has struggled with low bottom-line growth for the most part of 2018, thanks to rising fuel prices.
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Click to get this free report American Airlines Group Inc. (AAL): Free Stock Analysis Report Alaska Air Group, Inc. (ALK): Free Stock Analysis Report Spirit Airlines, Inc. (SAVE): Free Stock Analysis Report Southwest Airlines Co. (LUV): Free Stock Analysis Report To read this article on Zacks.com click here. Shares of American Airlines GroupAAL slipped to a 52-week low of $29.67 during the trading session on Dec 24 before retracing a bit to close at $29.72. We remind investors that fellow players in the industry such as Southwest Airlines LUV , Spirit Airlines SAVE and Alaska Air Group ALK have lowered their fuel cost forecast following the slump in oil prices this November.
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Click to get this free report American Airlines Group Inc. (AAL): Free Stock Analysis Report Alaska Air Group, Inc. (ALK): Free Stock Analysis Report Spirit Airlines, Inc. (SAVE): Free Stock Analysis Report Southwest Airlines Co. (LUV): Free Stock Analysis Report To read this article on Zacks.com click here. Shares of American Airlines GroupAAL slipped to a 52-week low of $29.67 during the trading session on Dec 24 before retracing a bit to close at $29.72. We remind investors that fellow players in the industry such as Southwest Airlines LUV , Spirit Airlines SAVE and Alaska Air Group ALK have lowered their fuel cost forecast following the slump in oil prices this November.
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Shares of American Airlines GroupAAL slipped to a 52-week low of $29.67 during the trading session on Dec 24 before retracing a bit to close at $29.72. Click to get this free report American Airlines Group Inc. (AAL): Free Stock Analysis Report Alaska Air Group, Inc. (ALK): Free Stock Analysis Report Spirit Airlines, Inc. (SAVE): Free Stock Analysis Report Southwest Airlines Co. (LUV): Free Stock Analysis Report To read this article on Zacks.com click here. Apart from fuel prices, high labor costs are also weighing on the company's earnings.
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bc8ae2de-145e-400c-b760-ecc7c0ed53e0
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6817.0
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2018-12-26 00:00:00 UTC
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Why American Airlines Group (AAL) is Such a Great Value Stock Pick Right Now
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AAL
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https://www.nasdaq.com/articles/why-american-airlines-group-aal-is-such-a-great-value-stock-pick-right-now-2018-12-26
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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 decent 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 Group in Focus
AAL may be an interesting play thanks to its forward PE of 6.5, its P/S ratio of 0.3, and its decent dividend yield of 1.4%. These factors suggest that American Airlines Group is a pretty good value pick, as investors have to pay a relatively low level for each dollar of 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 Group 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 0.9% in the past 30 days, thanks to three upward revisions in the past month compared to none 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 (Strong Buy) Rank stocks here .
So really, American Airlines Group 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.
Today's Stocks from Zacks' Hottest Strategies
It's hard to believe, even for us at Zacks. But while the market gained +21.9% in 2017, our top stock-picking screens have returned +115.0%, +109.3%, +104.9%, +98.6%, and +67.1%.
And this outperformance has not just been a recent phenomenon. Over the years it has been remarkably consistent. From 2000 - 2017, the composite yearly average gain for these strategies has beaten the market more than 19X over. Maybe even more remarkable is the fact that we're willing to share their latest stocks with you without cost or obligation.
See Them Free>>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
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 Group in Focus AAL may be an interesting play thanks to its forward PE of 6.5, its P/S ratio of 0.3, and its decent dividend yield of 1.4%. 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 Group in Focus AAL may be an interesting play thanks to its forward PE of 6.5, its P/S ratio of 0.3, and its decent dividend yield of 1.4%.
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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 Group in Focus AAL may be an interesting play thanks to its forward PE of 6.5, its P/S ratio of 0.3, and its decent dividend yield of 1.4%. These factors suggest that American Airlines Group is a pretty good value pick, as investors have to pay a relatively low level for each dollar of earnings, and that AAL has decent revenue metrics to back up its earnings.
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These factors suggest that American Airlines Group is a pretty good value pick, as investors have to pay a relatively low level for each dollar of 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 Group in Focus AAL may be an interesting play thanks to its forward PE of 6.5, its P/S ratio of 0.3, and its decent dividend yield of 1.4%.
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616877d6-f987-41bc-9bbe-58a4ad24a727
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6818.0
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2018-12-24 00:00:00 UTC
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UK Stocks-Factors to watch on Dec 24
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AAL
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https://www.nasdaq.com/articles/uk-stocks-factors-watch-dec-24-2018-12-24
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nan
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nan
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Dec 24 (Reuters) - Britain's FTSE 100 futures .FFIc1 down 0.53 percentahead of the cash market open on Monday.
* BAILLIE GIFFORD: With no public profit or budget goals and quietly run byits 44 owner-partners, Edinburgh-based Baillie Gifford has amassed 200 billionpounds ($253 billion) in funds under management.
* ANGLO AMERICAN: Anglo AmericanAAL.L said on Friday it was restartingoperations at its Minas-Rio iron ore mine in Brazil after months of closure, andhad received regulatory to step up production and cut costs.
* RBS: Royal Bank of Scotland Group PlcRBS.L has applied for a Germanbanking license to help maintain access to European markets after Britain's exitfrom the European Union, the Financial Times reported on Sunday.
* GOLD: Gold prices climbed on Monday, with investor appetite for riskcurbed by worries over a partial U.S. government shutdown, Sino-U.S. tradetensions and faltering global economic growth.
* OIL: Oil prices rose more than 1 percent on Monday on signs that therecent price plunge may start crimping supply from the U.S., currently theworld's biggest oil producer, though concerns about global economy continues toweigh.
* The UK blue chip index gained 0.1 percent on Friday, recouping thesession's losses as mining stocks gave investors something to cheer about at theend of a largely dismal week that was underpinned by global economic growthconcerns.
* For more on the factors affecting European stocks, please click on: cpurl://apps.cp./cms/?pageId=livemarkets
TODAY'S UK PAPERS
> Financial TimesPRESS/FT
> Other business headlines PRESS/GB (Reporting by Tanishaa Nadkar in Bengaluru) ((tanishaa.nadkar@thomsonreuters.com; +91 8067491691; Reuters Messaging:tanishaa.nadkar.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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* ANGLO AMERICAN: Anglo AmericanAAL.L said on Friday it was restartingoperations at its Minas-Rio iron ore mine in Brazil after months of closure, andhad received regulatory to step up production and cut costs. Dec 24 (Reuters) - Britain's FTSE 100 futures .FFIc1 down 0.53 percentahead of the cash market open on Monday. * RBS: Royal Bank of Scotland Group PlcRBS.L has applied for a Germanbanking license to help maintain access to European markets after Britain's exitfrom the European Union, the Financial Times reported on Sunday.
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* ANGLO AMERICAN: Anglo AmericanAAL.L said on Friday it was restartingoperations at its Minas-Rio iron ore mine in Brazil after months of closure, andhad received regulatory to step up production and cut costs. * RBS: Royal Bank of Scotland Group PlcRBS.L has applied for a Germanbanking license to help maintain access to European markets after Britain's exitfrom the European Union, the Financial Times reported on Sunday. * GOLD: Gold prices climbed on Monday, with investor appetite for riskcurbed by worries over a partial U.S. government shutdown, Sino-U.S. tradetensions and faltering global economic growth.
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* ANGLO AMERICAN: Anglo AmericanAAL.L said on Friday it was restartingoperations at its Minas-Rio iron ore mine in Brazil after months of closure, andhad received regulatory to step up production and cut costs. * RBS: Royal Bank of Scotland Group PlcRBS.L has applied for a Germanbanking license to help maintain access to European markets after Britain's exitfrom the European Union, the Financial Times reported on Sunday. * OIL: Oil prices rose more than 1 percent on Monday on signs that therecent price plunge may start crimping supply from the U.S., currently theworld's biggest oil producer, though concerns about global economy continues toweigh.
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* ANGLO AMERICAN: Anglo AmericanAAL.L said on Friday it was restartingoperations at its Minas-Rio iron ore mine in Brazil after months of closure, andhad received regulatory to step up production and cut costs. Dec 24 (Reuters) - Britain's FTSE 100 futures .FFIc1 down 0.53 percentahead of the cash market open on Monday. * BAILLIE GIFFORD: With no public profit or budget goals and quietly run byits 44 owner-partners, Edinburgh-based Baillie Gifford has amassed 200 billionpounds ($253 billion) in funds under management.
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00eafbe4-ab7e-4a1a-bef9-fb1931cefbb3
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6819.0
|
2018-12-21 00:00:00 UTC
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UK Stocks-Factors to watch on Dec 21
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AAL
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https://www.nasdaq.com/articles/uk-stocks-factors-watch-dec-21-2018-12-21
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nan
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nan
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(Adds company news items and futures)
Dec 21 - Britain's FTSE 100 .FTSE index is seen opening 13 points lower at6,699,with futures up 0.02 percent ahead of the cash market open on Friday.
* INTERSERVE: InterserveIRV.L said on Friday it agreed to key terms forits rescue plans with its lenders and was deciding if it could place its RMDKwikform unit in a separate holding company owned by the lenders. urn:newsml:reuters.com:*:nL3N1YQ2QR
* RPC: RPC Group PlcRPC.L on Friday yet again pushed the deadline bywhich Apollo Global ManagementAPO.N must make a firm offer to buy theLondon-listed plastics packaging firm or walk away. urn:newsml:reuters.com:*:nL3N1YQ2RJ
* GOLD: Gold prices steadied on Friday, holding firm near a six-month highstruck in the previous session, as the dollar remained under pressure due to asubdued outlook towards U.S. interest rates and the economy, and investorsshunned risky assets. urn:newsml:reuters.com:*:nL3N1YQ1XN
* OIL: Oil prices climbed on Friday after tumbling 5 percent in the lastsession, with OPEC production cuts that start next month seen being deeper thenpreviously expected. urn:newsml:reuters.com:*:nL3N1YQ0BB
* The UK blue chip index closed 0.8 percent lower on Thursday, after theU.S. Federal Reserve bank dampened hopes for a milder policy outlook and oilresumed its slide. urn:newsml:reuters.com:*:nL8N1YP1RX
* For more on the factors affecting European stocks, please click on: cpurl://apps.cp./cms/?pageId=livemarkets
TODAY'S UK PAPERS
> Financial TimesPRESS/FT
> Other business headlines PRESS/GB (Reporting by Samantha Machado in Bengaluru) ((Samantha.machado@thomsonreuters.com; Within UK +44 20 7542 1810; Outside UK+918067499956; Reuters Messaging: Samantha.machado@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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urn:newsml:reuters.com:*:nL3N1YQ2RJ * GOLD: Gold prices steadied on Friday, holding firm near a six-month highstruck in the previous session, as the dollar remained under pressure due to asubdued outlook towards U.S. interest rates and the economy, and investorsshunned risky assets. urn:newsml:reuters.com:*:nL3N1YQ0BB * The UK blue chip index closed 0.8 percent lower on Thursday, after theU.S. Federal Reserve bank dampened hopes for a milder policy outlook and oilresumed its slide.
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urn:newsml:reuters.com:*:nL3N1YQ2RJ * GOLD: Gold prices steadied on Friday, holding firm near a six-month highstruck in the previous session, as the dollar remained under pressure due to asubdued outlook towards U.S. interest rates and the economy, and investorsshunned risky assets. urn:newsml:reuters.com:*:nL3N1YQ1XN * OIL: Oil prices climbed on Friday after tumbling 5 percent in the lastsession, with OPEC production cuts that start next month seen being deeper thenpreviously expected. urn:newsml:reuters.com:*:nL3N1YQ0BB * The UK blue chip index closed 0.8 percent lower on Thursday, after theU.S.
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urn:newsml:reuters.com:*:nL3N1YQ2QR * RPC: RPC Group PlcRPC.L on Friday yet again pushed the deadline bywhich Apollo Global ManagementAPO.N must make a firm offer to buy theLondon-listed plastics packaging firm or walk away. urn:newsml:reuters.com:*:nL3N1YQ2RJ * GOLD: Gold prices steadied on Friday, holding firm near a six-month highstruck in the previous session, as the dollar remained under pressure due to asubdued outlook towards U.S. interest rates and the economy, and investorsshunned risky assets. urn:newsml:reuters.com:*:nL3N1YQ1XN * OIL: Oil prices climbed on Friday after tumbling 5 percent in the lastsession, with OPEC production cuts that start next month seen being deeper thenpreviously expected.
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(Adds company news items and futures) Dec 21 - Britain's FTSE 100 .FTSE index is seen opening 13 points lower at6,699,with futures up 0.02 percent ahead of the cash market open on Friday. * INTERSERVE: InterserveIRV.L said on Friday it agreed to key terms forits rescue plans with its lenders and was deciding if it could place its RMDKwikform unit in a separate holding company owned by the lenders. urn:newsml:reuters.com:*:nL3N1YQ2QR * RPC: RPC Group PlcRPC.L on Friday yet again pushed the deadline bywhich Apollo Global ManagementAPO.N must make a firm offer to buy theLondon-listed plastics packaging firm or walk away.
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5ed45917-0a02-42f3-872e-29fabb8cf7b4
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6820.0
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2018-12-21 00:00:00 UTC
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Britain's FTSE rises slightly thanks to mining stocks
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AAL
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https://www.nasdaq.com/articles/britains-ftse-rises-slightly-thanks-mining-stocks-2018-12-21
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* FTSE 100 erases losses, up 0.1 pct
* FTSE 250 about flat
* Oil majors dip, miners rise
* Interserve up 3.3 pct after rescue plan news (Adds company news item, quote, updates share moves)
By Muvija M and Shashwat Awasthi
Dec 21 (Reuters) - UK blue-chip stocks rose slightly onFriday, recouping the session's losses as mining stocks gaveinvestors something to cheer about at the end of a largelydismal week that was underpinned by global economic growthconcerns.
The FTSE 100 .FTSE gained 0.1 percent, while the FTSE 250 .FTMC was roughly unchanged as the market wrapped up its finalfull week of trading in 2018.
Wall Street lifted the mood, rising in volatile trade onFriday after heavy losses on the chances of a partial U.S. government shutdown and of further interest rate increases bythe Federal Reserve. urn:newsml:reuters.com:*:nL3N1YQ4FE
That guided a 0.6 percent gain in HSBCHSBA.L , which has alarger international presence, making it the top boost to theFTSE 100.
The blue chip index outperformed its European peers due toits exposure to the mining sector .FTNMX1770 . Anglo AmericanAAL.L climbed 2.8 percent, while Rio Tinto RIO.L , BHP BHPB.L and AntofagastaANTO.L rose 1.4-1.6 percent on highercopper prices.
UK indices were still on track for their worst quarter since2011, when Europe was battling a sovereign debt crisis, andtheir worst year since 2008 amid growing worries about slowerglobal growth, Brexit and rising U.S. borrowing costs.
VodafoneVOD.L dropped 2 percent and was among the biggestdrags on the main index after a tender offer to replace PwC asits auditor.
However, investors developed an appetite for Just EatJE.L as it rose 3 percent after rival Takeaway.comTKWY.AS struck a930-million-euro ($1.07 billion) deal to buy larger rivalDelivery Hero's DHER.DE activities in Germany. urn:newsml:reuters.com:*:nL8N1YP7VT
The British takeaway group was urged to sell assets by ashareholder earlier this week, and analysts have since said thatthe calls raised the possibility of a takeover or go-privatedeal.
Royal MailRMG.L shares gained 1.5 percent before the firmleaves the blue-chip index as part of the reweightings on Dec.24.
Nike's better-than-expected results provided temporaryrespite to the battered retail sector, with JD Sports jumpingover 7 percent to be among the top mid-cap gainers.
"Nike results are a little ray of sunshine in the market,"said Paul Mumford, a fund manager at Cavendish Asset Management.
Still, surveys showed that British consumers are at theirgloomiest in more than five years with business sentiment at itsweakest since the 2016 vote to leave the European Union. urn:newsml:reuters.com:*:nL8N1XA4ER
"I think the main sentiment is going to come after the NewYear when we start having retailers' trading statements comingthrough," said Mumford.
Elsewhere on the midcaps, RPC Group PlcRPC.L , Europe'slargest plastics packaging firm, erased earlier gains and closedthe day with a 0.7 percent dip after it extended the deadlineagain for Apollo Global ManagementAPO.N to make a firm offerto buy the company or walk away.
The deadline has been extended four times and Bain Capitalearlier pulled out of the race without giving a reason.
"If I was an RPC shareholder, I would be anticipating themagic of Christmas more positively but as always with magic,there can/might be an element of illusion," said Peel Huntanalysts.
In small-caps, Interserve rose 3.3 percent after the supportservices group announced a rescue plan involving adebt-for-equity swap in an attempt to avoid a Carillion-stylecollapse. urn:newsml:reuters.com:*:nL3N1YQ2T8
The shares, which had rallied as much as 12 percent at theopen, have still lost 88 percent year to date, reflecting theproblems of the sector. ($1 = 0.8718 euros) (Reporting by Muvija M and Shashwat Awasthi in Bengaluru;editing by Josephine Mason and David Stamp) ((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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Anglo AmericanAAL.L climbed 2.8 percent, while Rio Tinto RIO.L , BHP BHPB.L and AntofagastaANTO.L rose 1.4-1.6 percent on highercopper prices. * FTSE 100 erases losses, up 0.1 pct * FTSE 250 about flat * Oil majors dip, miners rise * Interserve up 3.3 pct after rescue plan news (Adds company news item, quote, updates share moves) By Muvija M and Shashwat Awasthi Dec 21 (Reuters) - UK blue-chip stocks rose slightly onFriday, recouping the session's losses as mining stocks gaveinvestors something to cheer about at the end of a largelydismal week that was underpinned by global economic growthconcerns. Wall Street lifted the mood, rising in volatile trade onFriday after heavy losses on the chances of a partial U.S. government shutdown and of further interest rate increases bythe Federal Reserve.
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Anglo AmericanAAL.L climbed 2.8 percent, while Rio Tinto RIO.L , BHP BHPB.L and AntofagastaANTO.L rose 1.4-1.6 percent on highercopper prices. * FTSE 100 erases losses, up 0.1 pct * FTSE 250 about flat * Oil majors dip, miners rise * Interserve up 3.3 pct after rescue plan news (Adds company news item, quote, updates share moves) By Muvija M and Shashwat Awasthi Dec 21 (Reuters) - UK blue-chip stocks rose slightly onFriday, recouping the session's losses as mining stocks gaveinvestors something to cheer about at the end of a largelydismal week that was underpinned by global economic growthconcerns. Elsewhere on the midcaps, RPC Group PlcRPC.L , Europe'slargest plastics packaging firm, erased earlier gains and closedthe day with a 0.7 percent dip after it extended the deadlineagain for Apollo Global ManagementAPO.N to make a firm offerto buy the company or walk away.
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Anglo AmericanAAL.L climbed 2.8 percent, while Rio Tinto RIO.L , BHP BHPB.L and AntofagastaANTO.L rose 1.4-1.6 percent on highercopper prices. * FTSE 100 erases losses, up 0.1 pct * FTSE 250 about flat * Oil majors dip, miners rise * Interserve up 3.3 pct after rescue plan news (Adds company news item, quote, updates share moves) By Muvija M and Shashwat Awasthi Dec 21 (Reuters) - UK blue-chip stocks rose slightly onFriday, recouping the session's losses as mining stocks gaveinvestors something to cheer about at the end of a largelydismal week that was underpinned by global economic growthconcerns. urn:newsml:reuters.com:*:nL3N1YQ2T8 The shares, which had rallied as much as 12 percent at theopen, have still lost 88 percent year to date, reflecting theproblems of the sector.
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Anglo AmericanAAL.L climbed 2.8 percent, while Rio Tinto RIO.L , BHP BHPB.L and AntofagastaANTO.L rose 1.4-1.6 percent on highercopper prices. * FTSE 100 erases losses, up 0.1 pct * FTSE 250 about flat * Oil majors dip, miners rise * Interserve up 3.3 pct after rescue plan news (Adds company news item, quote, updates share moves) By Muvija M and Shashwat Awasthi Dec 21 (Reuters) - UK blue-chip stocks rose slightly onFriday, recouping the session's losses as mining stocks gaveinvestors something to cheer about at the end of a largelydismal week that was underpinned by global economic growthconcerns. Wall Street lifted the mood, rising in volatile trade onFriday after heavy losses on the chances of a partial U.S. government shutdown and of further interest rate increases bythe Federal Reserve.
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e768cd49-ce2f-427a-8bd5-87a748882118
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6821.0
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2018-12-21 00:00:00 UTC
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UK shares fall as Wall Street rout spreads gloom
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AAL
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https://www.nasdaq.com/articles/uk-shares-fall-wall-street-rout-spreads-gloom-2018-12-21
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nan
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By Muvija M and Shashwat Awasthi
Dec 21 () - UK blue-chip stocks rose slightly on Friday, recouping the session's losses as mining stocks gave investors something to cheer about at the end of a largely dismal week that was underpinned by global economic growth concerns.
The FTSE 100 gained 0.1 percent, while the FTSE 250 was roughly unchanged as the market wrapped up its final full week of trading in 2018.
That guided a 0.6 percent gain in HSBC, which has a larger international presence, making it the top boost to the FTSE 100.
The blue chip index outperformed its European peers due to its exposure to the mining sector. Anglo American climbed 2.8 percent, while Rio Tinto, BHP and Antofagasta rose 1.4-1.6 percent on higher copper prices.
UK indices were still on track for their worst quarter since 2011, when Europe was battling a sovereign debt crisis, and their worst year since 2008 amid growing worries about slower global growth, Brexit and rising U.S. borrowing costs.
Vodafone dropped 2 percent and was among the biggest drags on the main index after a tender offer to replace PwC as its auditor.
However, investors developed an appetite for Just Eat as it rose 3 percent after rival Takeaway.com struck a 930-million-euro ($1.07 billion) deal to buy larger rival Delivery Hero's activities in Germany.
The British takeaway group was urged to sell assets by a shareholder earlier this week, and analysts have since said that the calls raised the possibility of a takeover or go-private deal.
Royal Mail shares gained 1.5 percent before the firm leaves the blue-chip index as part of the reweightings on Dec. 24.
Nike's better-than-expected results provided temporary respite to the battered retail sector, with JD Sports jumping over 7 percent to be among the top mid-cap gainers.
"Nike results are a little ray of sunshine in the market," said Paul Mumford, a fund manager at Cavendish Asset Management.
Still, surveys showed that British consumers are at their gloomiest in more than five years with business sentiment at its weakest since the 2016 vote to leave the European Union.
"I think the main sentiment is going to come after the New Year when we start having retailers' trading statements coming through," said Mumford.
Elsewhere on the midcaps, RPC Group Plc, Europe's largest plastics packaging firm, erased earlier gains and closed the day with a 0.7 percent dip after it extended the deadline again for Apollo Global Management to make a firm offer to buy the company or walk away.
The deadline has been extended four times and Bain Capital earlier pulled out of the race without giving a reason.
"If I was an RPC shareholder, I would be anticipating the magic of Christmas more positively but as always with magic, there can/might be an element of illusion," said Peel Hunt analysts.
In small-caps, Interserve rose 3.3 percent after the support services group announced a rescue plan involving a debt-for-equity swap in an attempt to avoid a Carillion-style collapse.
The shares, which had rallied as much as 12 percent at the open, have still lost 88 percent year to date, reflecting the problems of the sector.
($1 = 0.8718 euros)
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
The British takeaway group was urged to sell assets by a shareholder earlier this week, and analysts have since said that the calls raised the possibility of a takeover or go-private deal. Nike's better-than-expected results provided temporary respite to the battered retail sector, with JD Sports jumping over 7 percent to be among the top mid-cap gainers. In small-caps, Interserve rose 3.3 percent after the support services group announced a rescue plan involving a debt-for-equity swap in an attempt to avoid a Carillion-style collapse.
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However, investors developed an appetite for Just Eat as it rose 3 percent after rival Takeaway.com struck a 930-million-euro ($1.07 billion) deal to buy larger rival Delivery Hero's activities in Germany. Royal Mail shares gained 1.5 percent before the firm leaves the blue-chip index as part of the reweightings on Dec. 24. Elsewhere on the midcaps, RPC Group Plc, Europe's largest plastics packaging firm, erased earlier gains and closed the day with a 0.7 percent dip after it extended the deadline again for Apollo Global Management to make a firm offer to buy the company or walk away.
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Anglo American climbed 2.8 percent, while Rio Tinto, BHP and Antofagasta rose 1.4-1.6 percent on higher copper prices. Elsewhere on the midcaps, RPC Group Plc, Europe's largest plastics packaging firm, erased earlier gains and closed the day with a 0.7 percent dip after it extended the deadline again for Apollo Global Management to make a firm offer to buy the company or walk away. The shares, which had rallied as much as 12 percent at the open, have still lost 88 percent year to date, reflecting the problems of the sector.
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By Muvija M and Shashwat Awasthi Dec 21 () - UK blue-chip stocks rose slightly on Friday, recouping the session's losses as mining stocks gave investors something to cheer about at the end of a largely dismal week that was underpinned by global economic growth concerns. Royal Mail shares gained 1.5 percent before the firm leaves the blue-chip index as part of the reweightings on Dec. 24. Elsewhere on the midcaps, RPC Group Plc, Europe's largest plastics packaging firm, erased earlier gains and closed the day with a 0.7 percent dip after it extended the deadline again for Apollo Global Management to make a firm offer to buy the company or walk away.
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82441c63-f44b-4e7d-8ed3-bd5aea54bc18
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6822.0
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2018-12-21 00:00:00 UTC
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Noteworthy Friday Option Activity: CLVS, ABBV, AAL
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AAL
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https://www.nasdaq.com/articles/noteworthy-friday-option-activity-clvs-abbv-aal-2018-12-21
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Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Clovis Oncology Inc (Symbol: CLVS), where a total volume of 16,911 contracts has been traded thus far today, a contract volume which is representative of approximately 1.7 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 49.4% of CLVS's average daily trading volume over the past month, of 3.4 million shares. Especially high volume was seen for the $22.50 strike call option expiring January 18, 2019 , with 5,026 contracts trading so far today, representing approximately 502,600 underlying shares of CLVS. Below is a chart showing CLVS's trailing twelve month trading history, with the $22.50 strike highlighted in orange:
AbbVie Inc (Symbol: ABBV) saw options trading volume of 28,094 contracts, representing approximately 2.8 million underlying shares or approximately 48.1% of ABBV's average daily trading volume over the past month, of 5.8 million shares. Particularly high volume was seen for the $95 strike call option expiring January 18, 2019 , with 4,233 contracts trading so far today, representing approximately 423,300 underlying shares of ABBV. Below is a chart showing ABBV's trailing twelve month trading history, with the $95 strike highlighted in orange:
And American Airlines Group Inc (Symbol: AAL) options are showing a volume of 40,148 contracts thus far today. That number of contracts represents approximately 4.0 million underlying shares, working out to a sizeable 46.1% of AAL's average daily trading volume over the past month, of 8.7 million shares. Especially high volume was seen for the $32 strike put option expiring December 21, 2018 , with 11,465 contracts trading so far today, representing approximately 1.1 million underlying shares of AAL. Below is a chart showing AAL's trailing twelve month trading history, with the $32 strike highlighted in orange:
For the various different available expirations for CLVS options , ABBV 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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Especially high volume was seen for the $32 strike put option expiring December 21, 2018 , with 11,465 contracts trading so far today, representing approximately 1.1 million underlying shares of AAL. Below is a chart showing ABBV's trailing twelve month trading history, with the $95 strike highlighted in orange: And American Airlines Group Inc (Symbol: AAL) options are showing a volume of 40,148 contracts thus far today. That number of contracts represents approximately 4.0 million underlying shares, working out to a sizeable 46.1% of AAL's average daily trading volume over the past month, of 8.7 million shares.
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Below is a chart showing ABBV's trailing twelve month trading history, with the $95 strike highlighted in orange: And American Airlines Group Inc (Symbol: AAL) options are showing a volume of 40,148 contracts thus far today. That number of contracts represents approximately 4.0 million underlying shares, working out to a sizeable 46.1% of AAL's average daily trading volume over the past month, of 8.7 million shares. Especially high volume was seen for the $32 strike put option expiring December 21, 2018 , with 11,465 contracts trading so far today, representing approximately 1.1 million underlying shares of AAL.
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Especially high volume was seen for the $32 strike put option expiring December 21, 2018 , with 11,465 contracts trading so far today, representing approximately 1.1 million underlying shares of AAL. Below is a chart showing ABBV's trailing twelve month trading history, with the $95 strike highlighted in orange: And American Airlines Group Inc (Symbol: AAL) options are showing a volume of 40,148 contracts thus far today. That number of contracts represents approximately 4.0 million underlying shares, working out to a sizeable 46.1% of AAL's average daily trading volume over the past month, of 8.7 million shares.
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That number of contracts represents approximately 4.0 million underlying shares, working out to a sizeable 46.1% of AAL's average daily trading volume over the past month, of 8.7 million shares. Below is a chart showing ABBV's trailing twelve month trading history, with the $95 strike highlighted in orange: And American Airlines Group Inc (Symbol: AAL) options are showing a volume of 40,148 contracts thus far today. Especially high volume was seen for the $32 strike put option expiring December 21, 2018 , with 11,465 contracts trading so far today, representing approximately 1.1 million underlying shares of AAL.
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fb99dded-a5de-4320-9582-8805f02512b8
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6823.0
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2018-12-21 00:00:00 UTC
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Anglo American resumes iron-ore operations at Minas-Rio
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AAL
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https://www.nasdaq.com/articles/anglo-american-resumes-iron-ore-operations-minas-rio-2018-12-21
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nan
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LONDON, Dec 21 () - Anglo American said on Friday it was restarting operations at its Minas-Rio iron ore mine in Brazil after months of closure, and had received regulatory to step up production and cut costs.
As a result of the approval, announced late on Friday, Anglo American said it was increasing production guidance for 2019 to 18 million-20 million tonnes from the previous guidance of 16 million-19 million tonnes, while costs should fall to $28-31 per tonne from the previous guidance of $30-33 per tonne.
"Access to the Step 3 area provides greater operational flexibility and access to higher grade iron ore to support the increase of production of the operation towards its full design capacity of 26.5 million tonnes per year," Anglo American said with reference to the new permit.
The company halted production at the mine after two leaks in March in the pipeline, which channels slurry more than 500 km (310 miles) from Minas Gerais state to the port in Rio de Janeiro state.
In November, a notice seen by showed the company expected the pipeline to be ready to receive iron ore from Minas-Rio by the end of that month, paving the way for a restart in December.
In a first statement on Friday, Anglo American said the resumption of operations followed an extensive technical inspection and the replacement of a 4 km stretch of pipeline where the leaks occurred and other small sections where minor anomalies were discovered.
Anglo American has also shortened the intervals for future inspections to two years from five years and fitted a monitoring system to critical sections of the link.
"The extensive analysis confirmed the sound condition of the pipeline and we have taken a number of preventative measures to provide additional reassurance for the long term," CEO Mark Cutifani said.
Anglo said it expected an underlying EBITDA (earnings before interest, tax, depreciation and amortisation) loss of $320 million for 2018 as a result of the outage, at the lower end of a previously guided range of $300-400 million.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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LONDON, Dec 21 () - Anglo American said on Friday it was restarting operations at its Minas-Rio iron ore mine in Brazil after months of closure, and had received regulatory to step up production and cut costs. In a first statement on Friday, Anglo American said the resumption of operations followed an extensive technical inspection and the replacement of a 4 km stretch of pipeline where the leaks occurred and other small sections where minor anomalies were discovered. "The extensive analysis confirmed the sound condition of the pipeline and we have taken a number of preventative measures to provide additional reassurance for the long term," CEO Mark Cutifani said.
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LONDON, Dec 21 () - Anglo American said on Friday it was restarting operations at its Minas-Rio iron ore mine in Brazil after months of closure, and had received regulatory to step up production and cut costs. As a result of the approval, announced late on Friday, Anglo American said it was increasing production guidance for 2019 to 18 million-20 million tonnes from the previous guidance of 16 million-19 million tonnes, while costs should fall to $28-31 per tonne from the previous guidance of $30-33 per tonne. "Access to the Step 3 area provides greater operational flexibility and access to higher grade iron ore to support the increase of production of the operation towards its full design capacity of 26.5 million tonnes per year," Anglo American said with reference to the new permit.
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LONDON, Dec 21 () - Anglo American said on Friday it was restarting operations at its Minas-Rio iron ore mine in Brazil after months of closure, and had received regulatory to step up production and cut costs. As a result of the approval, announced late on Friday, Anglo American said it was increasing production guidance for 2019 to 18 million-20 million tonnes from the previous guidance of 16 million-19 million tonnes, while costs should fall to $28-31 per tonne from the previous guidance of $30-33 per tonne. "Access to the Step 3 area provides greater operational flexibility and access to higher grade iron ore to support the increase of production of the operation towards its full design capacity of 26.5 million tonnes per year," Anglo American said with reference to the new permit.
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LONDON, Dec 21 () - Anglo American said on Friday it was restarting operations at its Minas-Rio iron ore mine in Brazil after months of closure, and had received regulatory to step up production and cut costs. As a result of the approval, announced late on Friday, Anglo American said it was increasing production guidance for 2019 to 18 million-20 million tonnes from the previous guidance of 16 million-19 million tonnes, while costs should fall to $28-31 per tonne from the previous guidance of $30-33 per tonne. "Access to the Step 3 area provides greater operational flexibility and access to higher grade iron ore to support the increase of production of the operation towards its full design capacity of 26.5 million tonnes per year," Anglo American said with reference to the new permit.
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22ebc490-d165-42f6-b342-b158cf90466a
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6824.0
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2018-12-20 00:00:00 UTC
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British shares falter as Fed, oil play Scrooge
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AAL
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https://www.nasdaq.com/articles/british-shares-falter-fed-oil-play-scrooge-2018-12-20
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nan
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* FTSE 100 drops 0.8 pct, FTSE 250 down 0.9 pct
* Oil cos worst performing blue-chip stocks
* Cruise co Carnival slides on weak forecast (Adds company news items, updates share moves)
By Muvija M and Shashwat Awasthi
Dec 20 (Reuters) - UK shares fell to their lowest in morethan two years on Thursday, joining a wider market selloff,after the U.S. Federal Reserve bank dampened hopes for a milderpolicy outlook and oil resumed its slide.
The FTSE 100 .FTSE was down 0.8 percent with the mid-capindex .FTMC 0.9 percent lower, after hitting multi-year lowsin early trading.
In result-driven moves, Carnival CCL.L tanked 10.8 percentto the bottom of the main index after the world's largest cruiseoperator forecast an adjusted profit for the first quarter thatmissed market expectations. urn:newsml:reuters.com:*:nL3N1YP4QG
Oil heavyweights Shell RDSa.L and BP BP.L were thebiggest drags on the main index, as crude prices slipped backinto negative territory.
Utilities, often seen as a safe haven, helped the main indexrecoup some losses. National GridNG.L was up 2.4 percentafter a rating upgrade by CFRA, with Severn Trent SVT.L andUnited Utilities UU.L also rising.
But the UK indices are on track for their worst year sincethe 2008 financial crisis, and the Fed's tone deepened concernsalready augmented by Brexit worries.
Despite calls by U.S. President Donald Trump for the Fed tostop raising interest rates, the central bank on Wednesday stuckby a plan to keep repealing support from an economy it views asstrong, sending Wall Street spiralling down.
The Fed news and falling greenback hit mining stocks, withAntofagasta ANTO.L , BHP GroupBHPB.L , Rio Tinto RIO.L andAnglo American AAL.L all down between 2 percent and 3.7percent.
"The outlook has changed, for ten years we have been talkingabout buying the dip. The mentality is different now, it is sellthe rally," said CMC Markets analyst Michael Hewson.
"My fear is that the Fed is ignoring the clouds of concernaround the global economy and happily putting on sun cream whenthere is a shower just around the corner."
Back at home, the Bank of England kept interest ratesunchanged on Thursday but trimmed its economic growth forecastfor the last quarter of the year, acknowledging that Brexituncertainty had "intensified considerably" over the last month. urn:newsml:reuters.com:*:nL8N1YP3NZurn:newsml:reuters.com:*:nL8N1YP39O
After starting the week with a profit warning from onlinefashion store ASOSASOS.L that shook retail stocks, theshopping sector saw some good news as British retail salestopped expectations in November thanks to Black Fridaypromotions.
Among mid-caps, construction firm Kier GroupKIE.L ekedout a 1.6-percent gain, having earlier fallen 13 percent aftersaying that less than half of its shares were bought byshareholders in a fundraising. Still, its market value hasshrunk over 64 percent this year. urn:newsml:reuters.com:*:nL3N1YP2TM
Investors have dumped shares in the construction sector amidworries about mounting debts after Carillion'sCLLN.L collapseand the impact of Brexit on real estate.
"After Carillion, everyone wants to kill these types ofnames," said a trader.
Defying the overall sentiment, sandwich maker GreencoreGroup GNC.L was the top mid-cap gainer with a 7.2 percentsurge after announcing plans to buy back 509 million pounds ofshares at a double-digit premium.
AIM-listed electricity and gas supplier Yu GroupYU.L slumped 14.7 percent after it admitted to serious historicalfailures in an accounting review and said its profit would behit as a result.
(Reporting by Muvija M and Shashwat Awasthi in Bengaluru,additional reporting by Helen Reid in London; editing byJosephine Mason) ((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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The Fed news and falling greenback hit mining stocks, withAntofagasta ANTO.L , BHP GroupBHPB.L , Rio Tinto RIO.L andAnglo American AAL.L all down between 2 percent and 3.7percent. * FTSE 100 drops 0.8 pct, FTSE 250 down 0.9 pct * Oil cos worst performing blue-chip stocks * Cruise co Carnival slides on weak forecast (Adds company news items, updates share moves) By Muvija M and Shashwat Awasthi Dec 20 (Reuters) - UK shares fell to their lowest in morethan two years on Thursday, joining a wider market selloff,after the U.S. Federal Reserve bank dampened hopes for a milderpolicy outlook and oil resumed its slide. Despite calls by U.S. President Donald Trump for the Fed tostop raising interest rates, the central bank on Wednesday stuckby a plan to keep repealing support from an economy it views asstrong, sending Wall Street spiralling down.
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The Fed news and falling greenback hit mining stocks, withAntofagasta ANTO.L , BHP GroupBHPB.L , Rio Tinto RIO.L andAnglo American AAL.L all down between 2 percent and 3.7percent. * FTSE 100 drops 0.8 pct, FTSE 250 down 0.9 pct * Oil cos worst performing blue-chip stocks * Cruise co Carnival slides on weak forecast (Adds company news items, updates share moves) By Muvija M and Shashwat Awasthi Dec 20 (Reuters) - UK shares fell to their lowest in morethan two years on Thursday, joining a wider market selloff,after the U.S. Federal Reserve bank dampened hopes for a milderpolicy outlook and oil resumed its slide. urn:newsml:reuters.com:*:nL3N1YP4QG Oil heavyweights Shell RDSa.L and BP BP.L were thebiggest drags on the main index, as crude prices slipped backinto negative territory.
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The Fed news and falling greenback hit mining stocks, withAntofagasta ANTO.L , BHP GroupBHPB.L , Rio Tinto RIO.L andAnglo American AAL.L all down between 2 percent and 3.7percent. * FTSE 100 drops 0.8 pct, FTSE 250 down 0.9 pct * Oil cos worst performing blue-chip stocks * Cruise co Carnival slides on weak forecast (Adds company news items, updates share moves) By Muvija M and Shashwat Awasthi Dec 20 (Reuters) - UK shares fell to their lowest in morethan two years on Thursday, joining a wider market selloff,after the U.S. Federal Reserve bank dampened hopes for a milderpolicy outlook and oil resumed its slide. "After Carillion, everyone wants to kill these types ofnames," said a trader.
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The Fed news and falling greenback hit mining stocks, withAntofagasta ANTO.L , BHP GroupBHPB.L , Rio Tinto RIO.L andAnglo American AAL.L all down between 2 percent and 3.7percent. The FTSE 100 .FTSE was down 0.8 percent with the mid-capindex .FTMC 0.9 percent lower, after hitting multi-year lowsin early trading. In result-driven moves, Carnival CCL.L tanked 10.8 percentto the bottom of the main index after the world's largest cruiseoperator forecast an adjusted profit for the first quarter thatmissed market expectations.
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9b1dcadd-d566-4126-a2b4-21c82752a572
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6825.0
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2018-12-20 00:00:00 UTC
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Britain's FTSE falters on Fed comments
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AAL
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https://www.nasdaq.com/articles/britains-ftse-falters-fed-comments-2018-12-20
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nan
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(For a live blog on European stocks, type LIVE/ in an Eikonnews window)
* FTSE 100 drops 1.3 pct
* FTSE 250 down 1.4 pct
* Builder Kier slips 12 pct
Dec 20 (Reuters) - UK shares fell to their lowest in morethan two years on Thursday, joining a wider market selloff,after the U.S. Federal Reserve bank dampened hopes for a milderpolicy outlook even as the global economy cools.
The FTSE 100 .FTSE was down 1.3 percent at 0850 GMT afterhitting its lowest since Aug. 4 2016 in early deals. Only threestocks - Shire SHP.L , Severn Trent SVT.L and BritishAmerican Tobacco BATS.L - were in positive territory.
The mid-cap index .FTMC was 1.6 percent lower, its weakestsince September 2016 partly tugged down by lacklustre responseto builder Kier Group'sKIE.L rights issue.
The UK indexes are on track for their worst year since the2008 financial crisis, and the Fed's tone deepened concernsalready augmented by Brexit worries.
Despite calls by U.S. President Donald Trump for the Fed tostop raising interest rates, the central bank on Wednesday stuckby a plan to keep repealing support from an economy it views asstrong, sending Wall Street spiraling down.
Banks with a larger international exposure were the biggestdrags on the main index, with heavyweight HSBCHSBA.L dipping2.3 percent as the weaker U.S. dollar weighed.
The Fed news and falling greenback also knocked miningstocks, with AntofagastaANTO.L , BHP GroupBHPB.L and AngloAmerican AAL.L all down between 2.8 percent and 3.5 percent.
In news-driven moves, mid-cap construction firm Kier GroupKIE.L fell as much as 12 percent in early trade beforetrimming some of the losses as not even half of its shares werebought by shareholders in a fundraising. Its market value hasalready shrunk 64 percent this year. urn:newsml:reuters.com:*:nL3N1YP2TM
Investors have dumped shares in the construction sector amidworries about mounting debts after Carillion'sCLLN.L collapseand the impact of Brexit on real estate.
Among smaller moves, AIM-listed electricity and gas supplierYu Group YU.L slumped 22 percent after it admitted to serioushistorical failures in an accounting review and said its profitwould be hit as a result. (Reporting by Muvija M and Shashwat Awasthi in Bengaluru;editing by Josephine Mason) ((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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The Fed news and falling greenback also knocked miningstocks, with AntofagastaANTO.L , BHP GroupBHPB.L and AngloAmerican AAL.L all down between 2.8 percent and 3.5 percent. Despite calls by U.S. President Donald Trump for the Fed tostop raising interest rates, the central bank on Wednesday stuckby a plan to keep repealing support from an economy it views asstrong, sending Wall Street spiraling down. In news-driven moves, mid-cap construction firm Kier GroupKIE.L fell as much as 12 percent in early trade beforetrimming some of the losses as not even half of its shares werebought by shareholders in a fundraising.
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The Fed news and falling greenback also knocked miningstocks, with AntofagastaANTO.L , BHP GroupBHPB.L and AngloAmerican AAL.L all down between 2.8 percent and 3.5 percent. (For a live blog on European stocks, type LIVE/ in an Eikonnews window) * FTSE 100 drops 1.3 pct * FTSE 250 down 1.4 pct * Builder Kier slips 12 pct Dec 20 (Reuters) - UK shares fell to their lowest in morethan two years on Thursday, joining a wider market selloff,after the U.S. Federal Reserve bank dampened hopes for a milderpolicy outlook even as the global economy cools. In news-driven moves, mid-cap construction firm Kier GroupKIE.L fell as much as 12 percent in early trade beforetrimming some of the losses as not even half of its shares werebought by shareholders in a fundraising.
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The Fed news and falling greenback also knocked miningstocks, with AntofagastaANTO.L , BHP GroupBHPB.L and AngloAmerican AAL.L all down between 2.8 percent and 3.5 percent. (For a live blog on European stocks, type LIVE/ in an Eikonnews window) * FTSE 100 drops 1.3 pct * FTSE 250 down 1.4 pct * Builder Kier slips 12 pct Dec 20 (Reuters) - UK shares fell to their lowest in morethan two years on Thursday, joining a wider market selloff,after the U.S. Federal Reserve bank dampened hopes for a milderpolicy outlook even as the global economy cools. Only threestocks - Shire SHP.L , Severn Trent SVT.L and BritishAmerican Tobacco BATS.L - were in positive territory.
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The Fed news and falling greenback also knocked miningstocks, with AntofagastaANTO.L , BHP GroupBHPB.L and AngloAmerican AAL.L all down between 2.8 percent and 3.5 percent. (For a live blog on European stocks, type LIVE/ in an Eikonnews window) * FTSE 100 drops 1.3 pct * FTSE 250 down 1.4 pct * Builder Kier slips 12 pct Dec 20 (Reuters) - UK shares fell to their lowest in morethan two years on Thursday, joining a wider market selloff,after the U.S. Federal Reserve bank dampened hopes for a milderpolicy outlook even as the global economy cools. Only threestocks - Shire SHP.L , Severn Trent SVT.L and BritishAmerican Tobacco BATS.L - were in positive territory.
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6826.0
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2018-12-19 00:00:00 UTC
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The Zacks Analyst Blog Highlights: Synchrony, Honda, American Airlines and Silver Bow
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AAL
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https://www.nasdaq.com/articles/the-zacks-analyst-blog-highlights%3A-synchrony-honda-american-airlines-and-silver-bow-2018
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For Immediate Release
Chicago, IL -December 19, 2018 - 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: Synchrony Financial SYF , Honda Motor Co., Ltd. HMC , American Airlines Group Inc AAL and Silver Bow Resources Inc. SBOW .
Here are highlights from Tuesday's Analyst Blog:
4 Bruised Stocks at Bargain Prices Set to Recover in 2019
While 2017 had been one of the most tranquil years in the market history owing to low volatility, the U.S. stock market faced a bumpy ride in 2018. To say that the markets have been volatile this year is an understatement. Since the beginning of the year, Dow Jones Industrial Average (DJI) gained almost 9% to reach a high of 26,951.81 on Oct 3.
However, the upside was checked when the index lost momentum, thanks to domestic and global issues that plagued the market. Similarly, the S&P 500 index also tumbled into correction in October after hitting a lifetime high of 2,930.75 on Sep 20.
On an encouraging note, Trump's tax reform policies have been boosting corporate spending, raising productivity for several industries along with fueling earnings growth and share buybacks. Moreover, low unemployment levels, job growth and rising wages have uplifted consumers' sentiment. Notably, consumer spending continues to be strong, having increased almost 4% in the third quarter of 2018.
However, these positive developments seem to be overshadowed by broader macroeconomic factors, straining the stock markets. Trade tussle, rate hikes, sluggish economic growth in China and Japan, declining oil, uncertainty over Brexit and slowdown in the Euro zone induced volatility in the markets. Hit by such odds, the DJI and the S&P 500 have lost 4.7% and 5.6%, respectively, so far this year.
Delving Deeper into Stock Market Volatility in 2018
Below we provide an insight into the macroeconomic factors that weighed on the U.S. stock market this year. The year 2018 has been fettered by various issues, with majority of the bruises being caused by rate hikes, U.S.-China trade disputes, along with a slowdown in China and Japan's growth.
Fed Rate Hike Rocks the Market: Notably, the market has witnessed three interest rate hikes so far this year, chiefly on the back of strong economic growth. While the rising rates have no direct impacts on the stock market, it does have a ripple effect that can eventually rock the market. A rise in interest rate raises consumers' borrowing costs, making loans and mortgages expensive, as well as leaving the households with less disposable income, which eventually impacts profits and revenues of businesses.
The rising rate also impacts other capital-intensive businesses that had cut down on their spending levels, resulting in the slowing down of the growth of such firms, with their stock prices taking a hit. There are speculations that another hike is imminent, which might further tighten financial conditions.
U.S.-Sino Trade Tussle: Intensifying trade tensions between China and the United States have weighed on the growth prospects of some major companies. With both the parties refusing to back down on the tit-for-tat tariff war since July, the trade tussle between the world's two biggest economies has been ratcheting up. The Trump administration, in July, had imposed tariffs on $34 billion in Chinese goods that led China to retaliate with tariffs on American products of equal value. Again in August, the United States and China levied a tariff on $16 billion worth of each other's products. In September, Trump slapped a fresh tariff on $200 billion worth of Chinese imports, with Beijing announcing retaliatory tariffs on $60 billion of U.S. goods.
China and Japan Economy at Crossroads: The Chinese economy is steeply declining of late, with trade war hurting both the country's business and consumer confidence. Notably, China's industrial production has slowed down and retail sales growth has recently hit a 15-year low. Importantly, Japan has also been witnessing sluggish economic growth amid weakening exports and declining consumers' willingness to spend, as the wages have not managed to keep pace with the rising prices.
Chink in the Armor in 2019
It seems that tax cuts, infrastructural spending and other favorable reforms by Trump will have a fleeting effect on the overall economy, as the growth prospects for 2019 are weakening. Key economic readings related to employment data and GDP have also started softening. It is much likely that the economy will slow down in 2019 and 2020 as well. Bloomberg forecasts United States' net contribution to global GDP to drop from the current 12.3% to 8.5% in 2022.
However, with mounting risks to the U.S. economy, it is expected that the Fed may slow down the pace of interest rate hikes next year, providing some breather for equity and bond markets in the United States and across the globe. Nonetheless, these are only predictions. One thing which is certain is that the level of interest rates will have a huge impact on the markets.
While the United States and China have temporarily put their trade war on hold, the uncertainty definitely lingers. The trade tensions have raised a red flag about increasing slowdown in the Chinese economy, which is a concern.
Moreover, the British Prime Minister Theresa May's tentative "withdrawal agreement" with the European Union (EU) failed to get an approval from her own party, thereby increasing uncertainty surrounding Brexit. The United Kingdom is scheduled to leave the EU on Mar 29, 2019 - deal or no deal. While the U.K. leaving the European Union will certainly have global economic consequences, the severity and timeline of the consequences is a wait and watch story.
Concerns over inverted yield curve are further adding to the jitters. While the five-year treasury rate has lately dipped below the two-year yield, we are not very sure if it is a precursor of a recession down the road, as it was in the past. Markedly, the latest inversion of the Treasury Yield Curve is certainly not a good sign.
As such, concerns surrounding U.S.-Sino trade dispute, inverted yield curve, sluggish economic growth and uncertainty over Fed rates do not provide much rays of hope. Market volatility is likely to persist in 2019 as well, with earnings growth expected to decelerate in 2019 amid various concerns. In fact, per Zacks Earnings Trends report, earnings growth for the S&P 500 companies is likely to decline to around 8% in 2019 from a multi-year high of 21% in 2018.
Value Investing Is the Right Way
Making money in stock markets is certainly not a cakewalk. Especially, at a time when the market is facing a thicket of risks, one must don a protective armor to come out unscathed. If investors are eager to lap up opportunities in this market, a prudent move would be to buy the beaten-down stocks with encouraging fundamentals.
In fact, when the market is weak and uncertain, value investment is the way to go as most of the fundamentally good stocks fall within the discounted range. We suggest the investors to take help of our screening criteria and access the key metrics to select stocks that are currently trading cheap and have huge future prospects.
We have used the Zacks Stock Screener t o identify stocks that possess a Zacks Rank #1 (Strong Buy) or 2 (Buy) and have a Value Score of B or better. Further, the stocks, which we shall cherry-pick, currently come at a bargain price after declining more than 20% so far this year. However, these have the potential to turn around in 2019. Finally, since value investors typically look for stocks with low P/E ratios, we have chosen companies that trade at a discount to their respective industry averages. You can see the complete list of today's Zacks #1 Rank stocks here.
Our Picks
Synchrony Financial : Stamford, U.S.-based Synchrony Financial, one of the nation's premier consumer financial services companies, carries a Zacks Rank #2 and a Value Score of A. Notably, the stock has declined around 39% year to date. Uncertainty related to trade war and Brexit has made investors wary of the performance of the overall economy, thereby indirectly impacting the finance companies as the performance of the finance sector is linked to the nation's health. Evidently, the finance sector has declined more than 12% year to date, underperforming the S&P 500.
Synchrony Financial is currently undervalued and is trading at a trailing 12-month price-to-earnings (P/E) ratio of 6.99 compared with the sector's 12.56. The stock displays a forward P/E of 6.63, below the industry's 9.29.
Solid organic and inorganic growth, rising revenues, strategic alliance and technological moves pave the way for its long-term growth. Notably, the firm expects earnings growth of 20.9% for 2019. Its long-term projected EPS growth rate is 10.5%.
Honda Motor Co., Ltd. : This Japanese auto manufacturer currently carries a Zacks Rank #2 and a VGM Score of A. Notably, the stock has declined 22.1% on a year-to-date basis. The tit-for-tat tariffs slapped by the United States and China have partially slowed revenue growth of auto companies. This is evident from the fact that the auto industry has declined around 22% over this period, lagging the Zacks S&P 500.
Honda is undervalued right now and is currently trading at a trailing 12 months P/E ratio of 6.77 compared with the sector's 8.49. The stock displays a forward P/E of 7.14, below the industry's 8.12.
Honda is expected to benefit from its Vision 2030 plan, which aims to cut development costs and focus more on electric vehicles. Alliances to develop technology will also expand business. The company expects earnings growth of 2.4% for 2019. Its long-term projected EPS growth rate is pegged at 2.9%.
American Airlines Group Inc : The Texas-based airline company currently carries a Zacks Rank #2 and a Value Score of A. The company has lost 38.4% of its value on a year-to-date basis. The transportation sector has not performed well this year, owing to multiple factors like high fuel and labor costs, technical glitches, as well as labor unrest. Negative sentiments surrounding the space can be gauged from the fact that the sector has shed 23% of its value, handily underperforming the S&P.
American Airlines is currently undervalued and is trading at a trailing 12 months P/E ratio of 7.18 compared with the sector's 12.07. The stock displays a forward P/E of 7.01, below the industry's 11.73.
The stock is likely to be aided by strong demand for air travel, as a result of which passenger revenues are expected to boost its top and bottom lines. The company's 2019 earnings growth is expected at 21.54%. Its long-term projected EPS growth rate is 7.6%.
Silver Bow Resources Inc. : The Texas-based oil and gas explorer sports a Zacks Rank #1and has a Value Score of A. Shares of the company have declined 27% on a year-to-date basis. Notably, the energy sector has lost more than 13% of its value, underperforming the S&P 500 amid declining oil prices , supply glut and geo-political tensions.
Silver Bow is currently undervalued and is trading at a trailing 12-month P/E ratio of 6.19 versus the sector's 14.28. The stock displays a forward P/E of 3.89, below the industry's 13.22.
The pure-play Eagle Ford company, which recorded a 20% sequential increase in third-quarter production, expects to drill 34-35 net wells for the full year. This should allow Silver Bow to maintain its production growth trajectory in the fourth quarter and 2019 as well. The company's 2019 earnings growth is expected at 67.32%.
In addition to the stocks discussed above, would you like to know about our 10 top tickers to buy and hold for the entirety of 2019?
These 10 are painstakingly handpicked from over 4,000 companies covered by the Zacks Rank. They are our primary picks poised to outperform in the year ahead. Be among the first to see the new Zacks Top 10 Stocks >>
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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
Honda Motor Co., Ltd. (HMC): Free Stock Analysis Report
Synchrony Financial (SYF): Free Stock Analysis Report
SilverBow Resources Inc. (SBOW): 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: Synchrony Financial SYF , Honda Motor Co., Ltd. HMC , American Airlines Group Inc AAL and Silver Bow Resources Inc. SBOW . Click to get this free report American Airlines Group Inc. (AAL): Free Stock Analysis Report Honda Motor Co., Ltd. (HMC): Free Stock Analysis Report Synchrony Financial (SYF): Free Stock Analysis Report SilverBow Resources Inc. (SBOW): Free Stock Analysis Report To read this article on Zacks.com click here. A rise in interest rate raises consumers' borrowing costs, making loans and mortgages expensive, as well as leaving the households with less disposable income, which eventually impacts profits and revenues of businesses.
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Stocks recently featured in the blog include: Synchrony Financial SYF , Honda Motor Co., Ltd. HMC , American Airlines Group Inc AAL and Silver Bow Resources Inc. SBOW . Click to get this free report American Airlines Group Inc. (AAL): Free Stock Analysis Report Honda Motor Co., Ltd. (HMC): Free Stock Analysis Report Synchrony Financial (SYF): Free Stock Analysis Report SilverBow Resources Inc. (SBOW): Free Stock Analysis Report To read this article on Zacks.com click here. Trade tussle, rate hikes, sluggish economic growth in China and Japan, declining oil, uncertainty over Brexit and slowdown in the Euro zone induced volatility in the markets.
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Click to get this free report American Airlines Group Inc. (AAL): Free Stock Analysis Report Honda Motor Co., Ltd. (HMC): Free Stock Analysis Report Synchrony Financial (SYF): Free Stock Analysis Report SilverBow Resources Inc. (SBOW): Free Stock Analysis Report To read this article on Zacks.com click here. Stocks recently featured in the blog include: Synchrony Financial SYF , Honda Motor Co., Ltd. HMC , American Airlines Group Inc AAL and Silver Bow Resources Inc. SBOW . Delving Deeper into Stock Market Volatility in 2018 Below we provide an insight into the macroeconomic factors that weighed on the U.S. stock market this year.
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Stocks recently featured in the blog include: Synchrony Financial SYF , Honda Motor Co., Ltd. HMC , American Airlines Group Inc AAL and Silver Bow Resources Inc. SBOW . Click to get this free report American Airlines Group Inc. (AAL): Free Stock Analysis Report Honda Motor Co., Ltd. (HMC): Free Stock Analysis Report Synchrony Financial (SYF): Free Stock Analysis Report SilverBow Resources Inc. (SBOW): Free Stock Analysis Report To read this article on Zacks.com click here. Fed Rate Hike Rocks the Market: Notably, the market has witnessed three interest rate hikes so far this year, chiefly on the back of strong economic growth.
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2018-12-18 00:00:00 UTC
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Zacks.com featured highlights include: American Airlines, Baker Hughes, Dana, Cincinnati Bell and Brookdale Senior
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AAL
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https://www.nasdaq.com/articles/zacks.com-featured-highlights-include%3A-american-airlines-baker-hughes-dana-cincinnati-bell
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For Immediate Release
Chicago, IL - December 18, 2018 - Stocks in this week's article are American Airlines GroupAAL , Baker Hughes, a GE companyBHGE , Dana Inc.DAN , Cincinnati BellCBB and Brookdale Senior LivingBKD .
Recent Broker Rating Upgrades Add Luster to These 5 Stocks
"Strike while the iron is hot" is appropriate in all walks of life and the investing world is no exception. Investors, after all, are putting their hard-earned money into a stock and expectations of handsome returns are quite obvious.
However, the uncertainties associated with the investment world and the plethora of stocks flooding the market make the task a daunting one.
Moreover, with time at a premium these days, it is next to impossible for investors to keep track of market movements to identify opportune moment(s) for buying or offloading a particular stock to maximize returns. Therefore, guidance from proper channels is a must.
Time for Some Broker Advice
The experts in the investing world are brokers. Generally, three types of brokers (sell-side, buy-side and independent) are present in the investment world, with sell-side analysts being the most common. They are employed by various brokerage firms to provide unbiased opinion to investors on the stocks under their coverage after thorough research. Buy-side analysts are employed by hedge funds, mutual funds etc. while the independent ones simply sell their reports to investors.
All types of brokers indulge in conducting research of the stocks under their coverage. They have access to much detailed information on a company. Toward this end, they attend company conference calls/presentations and scrutinize every detail available publicly before advising investors. Naturally, broker advice acts as an invaluable guide for investors in their bid to garner the maximum from their portfolios.
Direction of Earnings Estimates: An Invaluable Guide
Since brokers meticulously follow the stocks in their coverage, they revise their earnings estimates after carefully examining the pros and cons of an event for the concerned company. The estimate revisions serve as an important pointer regarding the price of a stock.
For example, an earnings outperformance by a company generally leads to upward estimate revisions with prices moving north. Similarly, lackluster earnings often lead to stock price depreciation. Investors tend to be guided by the direction of estimate revisions and stock price while formulating their investment strategy.
Making the Most of Broker Guidance
The above write-up clearly suggests that by following broker actions, one can arrive at a winning portfolio of stocks. Keeping this in mind, we have designed a screen to shortlist stocks based on improving analyst recommendation and upward revisions in earnings estimates over the last four weeks.
Also, since the price/sales ratio is a strong complementary valuation metric in the presence of analyst information, it has been included. The price/sales ratio takes care of the company's top line, making the strategy effective.
For the rest of this Screen of the Week article please visit Zacks.com at: https://www.zacks.com/stock/news/343231/recent-broker-rating-upgrades-add-luster-to-these-5-stocks
Disclosure: Officers, directors and/or employees of Zacks Investment Research may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material. An affiliated investment advisory firm may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material.
About Screen of the Week
Zacks.com created the first and best screening system on the web earning the distinction as the "#1 site for screening stocks" by Money Magazine. But powerful screening tools is just the start. That is why Zacks created the Screen of the Week to highlight profitable stock picking strategies that investors can actively use.
Strong Stocks that Should Be in the News
Many are little publicized and fly under the Wall Street radar. They're virtually unknown to the general public. Yet today's 220 Zacks Rank #1 "Strong Buys" were generated by the stock-picking system that has more than doubled the market from 1988 through 2016. Its average gain has been a stellar +25% per year. See these high-potential stocks free >>.
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Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit http://www.zacks.com/performance for information about the performance numbers displayed in this press release.
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American Airlines Group Inc. (AAL): Free Stock Analysis Report
Cincinnati Bell Inc (CBB): Free Stock Analysis Report
Dana Incorporated (DAN): Free Stock Analysis Report
Brookdale Senior Living Inc. (BKD): Free Stock Analysis Report
Baker Hughes, a GE company (BHGE): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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For Immediate Release Chicago, IL - December 18, 2018 - Stocks in this week's article are American Airlines GroupAAL , Baker Hughes, a GE companyBHGE , Dana Inc.DAN , Cincinnati BellCBB and Brookdale Senior LivingBKD . Click to get this free report American Airlines Group Inc. (AAL): Free Stock Analysis Report Cincinnati Bell Inc (CBB): Free Stock Analysis Report Dana Incorporated (DAN): Free Stock Analysis Report Brookdale Senior Living Inc. (BKD): Free Stock Analysis Report Baker Hughes, a GE company (BHGE): Free Stock Analysis Report To read this article on Zacks.com click here. Moreover, with time at a premium these days, it is next to impossible for investors to keep track of market movements to identify opportune moment(s) for buying or offloading a particular stock to maximize returns.
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For Immediate Release Chicago, IL - December 18, 2018 - Stocks in this week's article are American Airlines GroupAAL , Baker Hughes, a GE companyBHGE , Dana Inc.DAN , Cincinnati BellCBB and Brookdale Senior LivingBKD . Click to get this free report American Airlines Group Inc. (AAL): Free Stock Analysis Report Cincinnati Bell Inc (CBB): Free Stock Analysis Report Dana Incorporated (DAN): Free Stock Analysis Report Brookdale Senior Living Inc. (BKD): Free Stock Analysis Report Baker Hughes, a GE company (BHGE): Free Stock Analysis Report To read this article on Zacks.com click here. Direction of Earnings Estimates: An Invaluable Guide Since brokers meticulously follow the stocks in their coverage, they revise their earnings estimates after carefully examining the pros and cons of an event for the concerned company.
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Click to get this free report American Airlines Group Inc. (AAL): Free Stock Analysis Report Cincinnati Bell Inc (CBB): Free Stock Analysis Report Dana Incorporated (DAN): Free Stock Analysis Report Brookdale Senior Living Inc. (BKD): Free Stock Analysis Report Baker Hughes, a GE company (BHGE): Free Stock Analysis Report To read this article on Zacks.com click here. For Immediate Release Chicago, IL - December 18, 2018 - Stocks in this week's article are American Airlines GroupAAL , Baker Hughes, a GE companyBHGE , Dana Inc.DAN , Cincinnati BellCBB and Brookdale Senior LivingBKD . Direction of Earnings Estimates: An Invaluable Guide Since brokers meticulously follow the stocks in their coverage, they revise their earnings estimates after carefully examining the pros and cons of an event for the concerned company.
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Click to get this free report American Airlines Group Inc. (AAL): Free Stock Analysis Report Cincinnati Bell Inc (CBB): Free Stock Analysis Report Dana Incorporated (DAN): Free Stock Analysis Report Brookdale Senior Living Inc. (BKD): Free Stock Analysis Report Baker Hughes, a GE company (BHGE): Free Stock Analysis Report To read this article on Zacks.com click here. For Immediate Release Chicago, IL - December 18, 2018 - Stocks in this week's article are American Airlines GroupAAL , Baker Hughes, a GE companyBHGE , Dana Inc.DAN , Cincinnati BellCBB and Brookdale Senior LivingBKD . Time for Some Broker Advice The experts in the investing world are brokers.
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ebce07fb-434b-4f13-9112-4ba2aac66287
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6828.0
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2018-12-18 00:00:00 UTC
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4 Bruised Stocks at Bargain Prices Set to Recover in 2019
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AAL
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https://www.nasdaq.com/articles/4-bruised-stocks-at-bargain-prices-set-to-recover-in-2019-2018-12-18
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nan
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nan
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While 2017 had been one of the most tranquil years in the market history owing to low volatility, the U.S. stock market faced a bumpy ride in 2018. To say that the markets have been volatile this year is an understatement. Since the beginning of the year, Dow Jones Industrial Average (DJI) gained almost 9% to reach a high of 26,951.81 on Oct 3. However, the upside was checked when the index lost momentum, thanks to domestic and global issues that plagued the market. Similarly, the S&P 500 index also tumbled into correction in October after hitting a lifetime high of 2,930.75 on Sep 20.
On an encouraging note, Trump's tax reform policies have been boosting corporate spending, raising productivity for several industries along with fueling earnings growth and share buybacks. Moreover, low unemployment levels, job growth and rising wages have uplifted consumers' sentiment. Notably, consumer spending continues to be strong, having increased almost 4% in the third quarter of 2018.
However, these positive developments seem to be overshadowed by broader macroeconomic factors, straining the stock markets. Trade tussle, rate hikes, sluggish economic growth in China and Japan, declining oil, uncertainty over Brexit and slowdown in the Euro zone induced volatility in the markets. Hit by such odds, the DJI and the S&P 500 have lost 4.7% and 5.6%, respectively, so far this year.
Delving Deeper Into Stock Market Volatility in 2018
Below we provide an insight into the macroeconomic factors that weighed on the U.S. stock market this year. The year 2018 has been fettered by various issues, with majority of the bruises being caused by rate hikes, U.S.-China trade disputes, along with a slowdown in China and Japan's growth.
Fed Rate Hike Rocks the Market: Notably, the market has witnessed three interest rate hikes so far this year, chiefly on the back of strong economic growth. While the rising rates have no direct impacts on the stock market, it does have a ripple effect that can eventually rock the market. A rise in interest rate raises consumers' borrowing costs, making loans and mortgages expensive, as well as leaving the households with less disposable income, which eventually impacts profits and revenues of businesses. The rising rate also impacts other capital-intensive businesses that had cut down on their spending levels, resulting in the slowing down of the growth of such firms, with their stock prices taking a hit. There are speculations that another hike is imminent, which might further tighten financial conditions.
U.S.-Sino Trade Tussle: Intensifying trade tensions between China and the United States have weighed on the growth prospects of some major companies. With both the parties refusing to back down on the tit-for-tat tariff war since July, the trade tussle between the world's two biggest economies has been ratcheting up. The Trump administration, in July, had imposed tariffs on $34 billion in Chinese goods that led China to retaliate with tariffs on American products of equal value. Again in August, the United States and China levied a tariff on $16 billion worth of each other's products. In September, Trump slapped a fresh tariff on $200 billion worth of Chinese imports, with Beijing announcing retaliatory tariffs on $60 billion of U.S. goods.
China and Japan Economy at Crossroads: The Chinese economy is steeply declining of late, with trade war hurting both the country's business and consumer confidence. Notably, China's industrial production has slowed down and retail sales growth has recently hit a 15-year low. Importantly, Japan has also been witnessing sluggish economic growth amid weakening exports and declining consumers' willingness to spend, as the wages have not managed to keep pace with the rising prices.
Chink in the Armor in 2019
It seems that tax cuts, infrastructural spending and other favorable reforms by Trump will have a fleeting effect on the overall economy, as the growth prospects for 2019 are weakening. Key economic readings related to employment data and GDP have also started softening. It is much likely that the economy will slow down in 2019 and 2020 as well. Bloomberg forecasts United States' net contribution to global GDP to drop from the current 12.3% to 8.5% in 2022.
However, with mounting risks to the U.S. economy, it is expected that the Fed may slow down the pace of interest rate hikes next year, providing some breather for equity and bond markets in the United States and across the globe. Nonetheless, these are only predictions. One thing which is certain is that the level of interest rates will have a huge impact on the markets.
While the United States and China have temporarily put their trade war on hold, the uncertainty definitely lingers. The trade tensions have raised a red flag about increasing slowdown in the Chinese economy, which is a concern.
Moreover, the British Prime Minister Theresa May's tentative "withdrawal agreement" with the European Union (EU) failed to get an approval from her own party, thereby increasing uncertainty surrounding Brexit. The United Kingdom is scheduled to leave the EU on Mar 29, 2019 - deal or no deal. While the U.K. leaving the European Union will certainly have global economic consequences, the severity and timeline of the consequences is a wait and watch story.
Concerns over inverted yield curve are further adding to the jitters. While the five-year treasury rate has lately dipped below the two-year yield, we are not very sure if it is a precursor of a recession down the road, as it was in the past. Markedly, the latest inversion of the Treasury Yield Curve is certainly not a good sign.
As such, concerns surrounding U.S.-Sino trade dispute, inverted yield curve, sluggish economic growth and uncertainty over Fed rates do not provide much rays of hope. Market volatility is likely to persist in 2019 as well, with earnings growth expected to decelerate in 2019 amid various concerns. In fact, per Zacks Earnings Trends report, earnings growth for the S&P 500 companies is likely to decline to around 8% in 2019 from a multi-year high of 21% in 2018.
Value Investing is the Right Way
Making money in stock markets is certainly not a cakewalk. Especially, at a time when the market is facing a thicket of risks, one must don a protective armor to come out unscathed. If investors are eager to lap up opportunities in this market, a prudent move would be to buy the beaten-down stocks with encouraging fundamentals.
In fact, when the market is weak and uncertain, value investment is the way to go as most of the fundamentally good stocks fall within the discounted range. We suggest the investors to take help of our screening criteria and access the key metrics to select stocks that are currently trading cheap and have huge future prospects.
We have used the Zacks Stock Screener t o identify stocks that possess a Zacks Rank #1 (Strong Buy) or 2 (Buy) and have a Value Score of B or better. Further, the stocks, which we shall cherry-pick, currently come at a bargain price after declining more than 20% so far this year. However, these have the potential to turn around in 2019. Finally, since value investors typically look for stocks with low P/E ratios, we have chosen companies that trade at a discount to their respective industry averages. You can see the complete list of today's Zacks #1 Rank stocks here.
Our Picks
Synchrony FinancialSYF : Stamford, U.S.-based Synchrony Financial, one of the nation's premier consumer financial services companies, carries a Zacks Rank #2 and a Value Score of A. Notably, the stock has declined around 39% year to date. Uncertainty related to trade war and Brexit has made investors wary of the performance of the overall economy, thereby indirectly impacting the finance companies as the performance of the finance sector is linked to the nation's health. Evidently, the finance sector has declined more than 12% year to date, underperforming the S&P 500.
Synchrony Financial is currently undervalued and is trading at a trailing 12-month price-to-earnings (P/E) ratio of 6.99 compared with the sector's 12.56. The stock displays a forward P/E of 6.63, below the industry's 9.29.
Solid organic and inorganic growth, rising revenues, strategic alliance and technological moves pave the way for its long-term growth. Notably, the firm expects earnings growth of 20.9% for 2019. Its long-term projected EPS growth rate is 10.5%.
Honda Motor Co., Ltd.HMC : This Japanese auto manufacturer currently carries a Zacks Rank #2 and a VGM Score of A. Notably, the stock has declined 22.1% on a year-to-date basis. The tit-for-tat tariffs slapped by the United States and China have partially slowed revenue growth of auto companies. This is evident from the fact that the auto industry has declined around 22% over this period, lagging the Zacks S&P 500.
Honda is undervalued right now and is currently trading at a trailing 12 months P/E ratio of 6.77 compared with the sector's 8.49. The stock displays a forward P/E of 7.14, below the industry's 8.12.
Honda is expected to benefit from its Vision 2030 plan, which aims to cut development costs and focus more on electric vehicles. Alliances to develop technology will also expand business. The company expects earnings growth of 2.4% for 2019. Its long-term projected EPS growth rate is pegged at 2.9%.
American Airlines Group IncAAL : The Texas-based airline company currently carries a Zacks Rank #2 and a Value Score of A. The company has lost 38.4% of its value on a year-to-date basis. The transportation sector has not performed well this year, owing to multiple factors like high fuel and labor costs, technical glitches, as well as labor unrest. Negative sentiments surrounding the space can be gauged from the fact that the sector has shed 23% of its value, handily underperforming the S&P.
American Airlines is currently undervalued and is trading at a trailing 12 months P/E ratio of 7.18 compared with the sector's 12.07. The stock displays a forward P/E of 7.01, below the industry's 11.73.
The stock is likely to be aided by strong demand for air travel, as a result of which passenger revenues are expected to boost its top and bottom lines. The company's 2019 earnings growth is expected at 21.54%. Its long-term projected EPS growth rate is 7.6%.
Silver Bow Resources Inc.SBOW : The Texas-based oil and gas explorer sports a Zacks Rank #1and has a Value Score of A. Shares of the company have declined 27% on a year-to-date basis. Notably, the energy sector has lost more than 13% of its value, underperforming the S&P 500 amid declining oil prices , supply glut and geo-political tensions.
Silver Bow is currently undervalued and is trading at a trailing 12-month P/E ratio of 6.19 versus the sector's 14.28. The stock displays a forward P/E of 3.89, below the industry's 13.22.
The pure-play Eagle Ford company, which recorded a 20% sequential increase in third-quarter production, expects to drill 34-35 net wells for the full year. This should allow Silver Bow to maintain its production growth trajectory in the fourth quarter and 2019 as well. The company's 2019 earnings growth is expected at 67.32%.
In addition to the stocks discussed above, would you like to know about our 10 top tickers to buy and hold for the entirety of 2019?
These 10 are painstakingly handpicked from over 4,000 companies covered by the Zacks Rank. They are our primary picks poised to outperform in the year ahead. Be among the first to see the new Zacks Top 10 Stocks >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
American Airlines Group Inc. (AAL): Free Stock Analysis Report
Honda Motor Co., Ltd. (HMC): Free Stock Analysis Report
Synchrony Financial (SYF): Free Stock Analysis Report
SilverBow Resources Inc. (SBOW): 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 Group IncAAL : The Texas-based airline company currently carries a Zacks Rank #2 and a Value Score of A. Click to get this free report American Airlines Group Inc. (AAL): Free Stock Analysis Report Honda Motor Co., Ltd. (HMC): Free Stock Analysis Report Synchrony Financial (SYF): Free Stock Analysis Report SilverBow Resources Inc. (SBOW): Free Stock Analysis Report To read this article on Zacks.com click here. Trade tussle, rate hikes, sluggish economic growth in China and Japan, declining oil, uncertainty over Brexit and slowdown in the Euro zone induced volatility in the markets.
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Click to get this free report American Airlines Group Inc. (AAL): Free Stock Analysis Report Honda Motor Co., Ltd. (HMC): Free Stock Analysis Report Synchrony Financial (SYF): Free Stock Analysis Report SilverBow Resources Inc. (SBOW): Free Stock Analysis Report To read this article on Zacks.com click here. American Airlines Group IncAAL : The Texas-based airline company currently carries a Zacks Rank #2 and a Value Score of A. Trade tussle, rate hikes, sluggish economic growth in China and Japan, declining oil, uncertainty over Brexit and slowdown in the Euro zone induced volatility in the markets.
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Click to get this free report American Airlines Group Inc. (AAL): Free Stock Analysis Report Honda Motor Co., Ltd. (HMC): Free Stock Analysis Report Synchrony Financial (SYF): Free Stock Analysis Report SilverBow Resources Inc. (SBOW): Free Stock Analysis Report To read this article on Zacks.com click here. American Airlines Group IncAAL : The Texas-based airline company currently carries a Zacks Rank #2 and a Value Score of A. Trade tussle, rate hikes, sluggish economic growth in China and Japan, declining oil, uncertainty over Brexit and slowdown in the Euro zone induced volatility in the markets.
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American Airlines Group IncAAL : The Texas-based airline company currently carries a Zacks Rank #2 and a Value Score of A. Click to get this free report American Airlines Group Inc. (AAL): Free Stock Analysis Report Honda Motor Co., Ltd. (HMC): Free Stock Analysis Report Synchrony Financial (SYF): Free Stock Analysis Report SilverBow Resources Inc. (SBOW): Free Stock Analysis Report To read this article on Zacks.com click here. Fed Rate Hike Rocks the Market: Notably, the market has witnessed three interest rate hikes so far this year, chiefly on the back of strong economic growth.
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6e5dc82d-8002-4608-bda4-171105902134
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6829.0
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2018-12-18 00:00:00 UTC
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Why American Airlines Stock Popped 5% Today
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AAL
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https://www.nasdaq.com/articles/why-american-airlines-stock-popped-5-today-2018-12-18
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nan
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nan
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What happened
Shares of American Airlines (NASDAQ: AAL) jumped as much as 5% in Tuesday trading before falling back to end the day still up a healthy 4.7%.
It's no mystery why. America may run on coffee, but American Airlines runs on jet fuel, and with oil prices plumbing year-long lows, the price of jet fuel looks like it will fall in the future. On Tuesday, WTI crude oil prices fell off a cliff, down 7.4% on the day. Pricier Brent crude took a tumble as well, down 5.6%.
So what
Jet fuel isn't American Airlines' only expense. There are still planes to buy, and crews to pay to fly and maintain them. Also, oil prices are notoriously volatile -- down today, they could rise right back up again in the New Year. That helps to explain why a 7.4% decline in the price of WTI crude oil, for example, doesn't correspond to an immediate 7.4% spike in the value of American Airlines shares. Investors have to hedge their bets against a rebound in the price of dinosaur juice.
Still, even a temporary fall in fuel prices is undeniably good news for American Airlines, and that's why the stock is up today.
Now what
It's also worth noting that even if oil prices do start to climb again, they're going to have to climb a whole lot before oil gets as expensive as it was earlier this year. Right now, Oilprice.com reports that with "rising global inventories ... weighing on crude prices," the price of oil in general around the globe is at "one-year lows."
Expert oil analysts such as Citigroup may be predicting a $60 average oil price in 2019, but with the price of WTI hovering close to $46 a barrel, oil is going to have to rise nearly 33% in price to get anywhere near that mark. Judging from investors' reaction to today's news, not many people think we're going to get there anytime soon.
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Rich Smith has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy .
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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What happened Shares of American Airlines (NASDAQ: AAL) jumped as much as 5% in Tuesday trading before falling back to end the day still up a healthy 4.7%. That helps to explain why a 7.4% decline in the price of WTI crude oil, for example, doesn't correspond to an immediate 7.4% spike in the value of American Airlines shares. Still, even a temporary fall in fuel prices is undeniably good news for American Airlines, and that's why the stock is up today.
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What happened Shares of American Airlines (NASDAQ: AAL) jumped as much as 5% in Tuesday trading before falling back to end the day still up a healthy 4.7%. America may run on coffee, but American Airlines runs on jet fuel, and with oil prices plumbing year-long lows, the price of jet fuel looks like it will fall in the future. On Tuesday, WTI crude oil prices fell off a cliff, down 7.4% on the day.
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What happened Shares of American Airlines (NASDAQ: AAL) jumped as much as 5% in Tuesday trading before falling back to end the day still up a healthy 4.7%. America may run on coffee, but American Airlines runs on jet fuel, and with oil prices plumbing year-long lows, the price of jet fuel looks like it will fall in the future. Still, even a temporary fall in fuel prices is undeniably good news for American Airlines, and that's why the stock is up today.
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What happened Shares of American Airlines (NASDAQ: AAL) jumped as much as 5% in Tuesday trading before falling back to end the day still up a healthy 4.7%. On Tuesday, WTI crude oil prices fell off a cliff, down 7.4% on the day. Also, oil prices are notoriously volatile -- down today, they could rise right back up again in the New Year.
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9bce817d-ea17-4461-a019-8cd87a817adc
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6830.0
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2018-12-18 00:00:00 UTC
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Market Close Report: NASDAQ Composite index closes at 6,783.91 up 30.18 points
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AAL
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https://www.nasdaq.com/articles/market-close-report-nasdaq-composite-index-closes-678391-3018-points-2018-12-18
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nan
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nan
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Tuesday's session closes with the NASDAQ Composite Index at 6,783.91. The total shares traded for the NASDAQ was over 2.47 billion. Declining stocks led advancers by 1.43 to 1 ratio. There were 1296 advancers and 1847 decliners for the day. On the NASDAQ Stock Exchange 4 stocks reached a 52 week high and 444 those reaching lows totaled. The most active, advancers, decliners, unusual volume and most active by dollar volume can be monitored intraday on the Most Active Stocks page.
The NASDAQ 100 index closed up .67% for the day; a total of 43.13 points. The current value is 6,491.52. Biogen Inc. ( BIIB ) had the largest percent change down (-5.86%) while American Airlines Group, Inc. ( AAL ) had the largest percent change gain rising 4.68%.
The Dow Jones index closed up .35% for the day; a total of 82.66 points. The current value is 23,675.64. Exxon Mobil Corporation ( XOM ) had the largest percent change down (-2.76%) while Boeing Company (The) ( BA ) had the largest percent change gain rising 3.77%.
NASDAQ Market Wrap
As of 12/18/2018 4:44:02 PM
BILLIONS OF 2.47 NASDAQ SHARES TRADED TODAY 4 STOCKS REACHED A 52 WEEK HIGH 444 THOSE REACHING LOWS TOTALEDAmerican Airlines Group, Inc. [AAL]TOPS ADVANCERS LISTOF NASDAQ 100 INDEX % 4.68 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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NASDAQ Market Wrap As of 12/18/2018 4:44:02 PM BILLIONS OF 2.47 NASDAQ SHARES TRADED TODAY 4 STOCKS REACHED A 52 WEEK HIGH 444 THOSE REACHING LOWS TOTALEDAmerican Airlines Group, Inc. [AAL]TOPS ADVANCERS LISTOF NASDAQ 100 INDEX % 4.68 ROSE The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. Biogen Inc. ( BIIB ) had the largest percent change down (-5.86%) while American Airlines Group, Inc. ( AAL ) had the largest percent change gain rising 4.68%. The Dow Jones index closed up .35% for the day; a total of 82.66 points.
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Biogen Inc. ( BIIB ) had the largest percent change down (-5.86%) while American Airlines Group, Inc. ( AAL ) had the largest percent change gain rising 4.68%. NASDAQ Market Wrap As of 12/18/2018 4:44:02 PM BILLIONS OF 2.47 NASDAQ SHARES TRADED TODAY 4 STOCKS REACHED A 52 WEEK HIGH 444 THOSE REACHING LOWS TOTALEDAmerican Airlines Group, Inc. [AAL]TOPS ADVANCERS LISTOF NASDAQ 100 INDEX % 4.68 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 4 stocks reached a 52 week high and 444 those reaching lows totaled.
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NASDAQ Market Wrap As of 12/18/2018 4:44:02 PM BILLIONS OF 2.47 NASDAQ SHARES TRADED TODAY 4 STOCKS REACHED A 52 WEEK HIGH 444 THOSE REACHING LOWS TOTALEDAmerican Airlines Group, Inc. [AAL]TOPS ADVANCERS LISTOF NASDAQ 100 INDEX % 4.68 ROSE The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. Biogen Inc. ( BIIB ) had the largest percent change down (-5.86%) while American Airlines Group, Inc. ( AAL ) had the largest percent change gain rising 4.68%. On the NASDAQ Stock Exchange 4 stocks reached a 52 week high and 444 those reaching lows totaled.
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NASDAQ Market Wrap As of 12/18/2018 4:44:02 PM BILLIONS OF 2.47 NASDAQ SHARES TRADED TODAY 4 STOCKS REACHED A 52 WEEK HIGH 444 THOSE REACHING LOWS TOTALEDAmerican Airlines Group, Inc. [AAL]TOPS ADVANCERS LISTOF NASDAQ 100 INDEX % 4.68 ROSE The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. Biogen Inc. ( BIIB ) had the largest percent change down (-5.86%) while American Airlines Group, Inc. ( AAL ) had the largest percent change gain rising 4.68%. There were 1296 advancers and 1847 decliners for the day.
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1d07abd4-21ba-4683-85d6-ea5b902a4684
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6831.0
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2018-12-18 00:00:00 UTC
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Air Italy flights to Chicago risk rekindling row with U.S. carriers
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AAL
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https://www.nasdaq.com/articles/air-italy-flights-chicago-risk-rekindling-row-us-carriers-2018-12-18
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nan
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nan
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By Giulia Segreti and Alberto Sisto
ROME, Dec 18 () - Air Italy will start flying to Chicago next year, a move likely to revive a dispute between its minority shareholder Qatar Airways and U.S rivals trying to squeeze Gulf operators out of their domestic market.
Formerly known as Meridiana, Air Italy is the country's second-largest airline, behind ailing Alitalia, and state-owned Qatar Airways holds a 49 percent stake in it.
Since 2015 the largest U.S carriers -- Delta Air Lines, American Airlines Group and United Airlines -- have argued their Gulf rivals are being unfairly subsidised by their governments, distorting competition.
Gulf airlines have always denied those accusations and in May the companies reached a voluntary agreement, saying they would not add new flights to the United States.
However, Air Italy has been flying to New York and Miami since June and will start serving San Francisco and Los Angeles from April 2019.
That has drawn criticism from an alliance of U.S.-based airlines grouped in the "Partnership for Open & Fair Skies", that Qatar Airways is using Air Italy to offer additional flights between the U.S. and Europe, despite the agreement.
"Once again, Qatar is using Air Italy as a Trojan horse built from subsidized cash to avoid its commitments to the Trump administration and launch new ... routes," said Scott Reed, campaign manager for the Partnership for Open & Fair Skies.
In an emailed statement, Reed called on U.S. President Donald Trump to intercede on the behalf of U.S. airlines.
Dimitrov tried to dismiss any suggestion that Air Italy was acting improperly, noting that Qatar Airways was a minority shareholder.
"They do not dictate what we do and where we go. They do not manage us," he said.
He added that he would be happy to work with the U.S airlines under code-share agreements, from which both sides would benefit, "rather than spending time and money fighting each other".
The opening of the Chicago route next year is part of a wider plan, announced in May, in which the airline aims to grow its fleet and passenger numbers fourfold by 2022.
The views and 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 Giulia Segreti and Alberto Sisto ROME, Dec 18 () - Air Italy will start flying to Chicago next year, a move likely to revive a dispute between its minority shareholder Qatar Airways and U.S rivals trying to squeeze Gulf operators out of their domestic market. That has drawn criticism from an alliance of U.S.-based airlines grouped in the "Partnership for Open & Fair Skies", that Qatar Airways is using Air Italy to offer additional flights between the U.S. and Europe, despite the agreement. "Once again, Qatar is using Air Italy as a Trojan horse built from subsidized cash to avoid its commitments to the Trump administration and launch new ... routes," said Scott Reed, campaign manager for the Partnership for Open & Fair Skies.
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By Giulia Segreti and Alberto Sisto ROME, Dec 18 () - Air Italy will start flying to Chicago next year, a move likely to revive a dispute between its minority shareholder Qatar Airways and U.S rivals trying to squeeze Gulf operators out of their domestic market. Since 2015 the largest U.S carriers -- Delta Air Lines, American Airlines Group and United Airlines -- have argued their Gulf rivals are being unfairly subsidised by their governments, distorting competition. That has drawn criticism from an alliance of U.S.-based airlines grouped in the "Partnership for Open & Fair Skies", that Qatar Airways is using Air Italy to offer additional flights between the U.S. and Europe, despite the agreement.
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By Giulia Segreti and Alberto Sisto ROME, Dec 18 () - Air Italy will start flying to Chicago next year, a move likely to revive a dispute between its minority shareholder Qatar Airways and U.S rivals trying to squeeze Gulf operators out of their domestic market. That has drawn criticism from an alliance of U.S.-based airlines grouped in the "Partnership for Open & Fair Skies", that Qatar Airways is using Air Italy to offer additional flights between the U.S. and Europe, despite the agreement. "Once again, Qatar is using Air Italy as a Trojan horse built from subsidized cash to avoid its commitments to the Trump administration and launch new ... routes," said Scott Reed, campaign manager for the Partnership for Open & Fair Skies.
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By Giulia Segreti and Alberto Sisto ROME, Dec 18 () - Air Italy will start flying to Chicago next year, a move likely to revive a dispute between its minority shareholder Qatar Airways and U.S rivals trying to squeeze Gulf operators out of their domestic market. Gulf airlines have always denied those accusations and in May the companies reached a voluntary agreement, saying they would not add new flights to the United States. "Once again, Qatar is using Air Italy as a Trojan horse built from subsidized cash to avoid its commitments to the Trump administration and launch new ... routes," said Scott Reed, campaign manager for the Partnership for Open & Fair Skies.
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bdfb607a-f77e-451b-9902-6a766fe20207
|
6832.0
|
2018-12-17 00:00:00 UTC
|
Surprising Analyst 12-Month Target For FTA
|
AAL
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https://www.nasdaq.com/articles/surprising-analyst-12-month-target-fta-2018-12-17
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nan
|
nan
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Looking at the underlying holdings of the ETFs in our coverage universe at ETF Channel , we have compared the trading price of each holding against the average analyst 12-month forward target price, and computed the weighted average implied analyst target price for the ETF itself. For the First Trust Large Cap Value AlphaDEX Fund ETF (Symbol: FTA), we found that the implied analyst target price for the ETF based upon its underlying holdings is $60.13 per unit.
With FTA trading at a recent price near $48.78 per unit, that means that analysts see 23.27% upside for this ETF looking through to the average analyst targets of the underlying holdings. Three of FTA's underlying holdings with notable upside to their analyst target prices are Marvell Technology Group Ltd (Symbol: MRVL), Western Digital Corp (Symbol: WDC), and American Airlines Group Inc (Symbol: AAL). Although MRVL has traded at a recent price of $15.38/share, the average analyst target is 61.51% higher at $24.84/share. Similarly, WDC has 59.69% upside from the recent share price of $38.78 if the average analyst target price of $61.93/share is reached, and analysts on average are expecting AAL to reach a target price of $50.08/share, which is 54.51% above the recent price of $32.41. Below is a twelve month price history chart comparing the stock performance of MRVL, WDC, and AAL:
Below is a summary table of the current analyst target prices discussed above:
Are analysts justified in these targets, or overly optimistic about where these stocks will be trading 12 months from now? Do the analysts have a valid justification for their targets, or are they behind the curve on recent company and industry developments? A high price target relative to a stock's trading price can reflect optimism about the future, but can also be a precursor to target price downgrades if the targets were a relic of the past. These are questions that require further investor research.
10 ETFs With Most Upside To Analyst Targets »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Below is a twelve month price history chart comparing the stock performance of MRVL, WDC, and AAL: Below is a summary table of the current analyst target prices discussed above: Are analysts justified in these targets, or overly optimistic about where these stocks will be trading 12 months from now? Three of FTA's underlying holdings with notable upside to their analyst target prices are Marvell Technology Group Ltd (Symbol: MRVL), Western Digital Corp (Symbol: WDC), and American Airlines Group Inc (Symbol: AAL). Similarly, WDC has 59.69% upside from the recent share price of $38.78 if the average analyst target price of $61.93/share is reached, and analysts on average are expecting AAL to reach a target price of $50.08/share, which is 54.51% above the recent price of $32.41.
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Three of FTA's underlying holdings with notable upside to their analyst target prices are Marvell Technology Group Ltd (Symbol: MRVL), Western Digital Corp (Symbol: WDC), and American Airlines Group Inc (Symbol: AAL). Similarly, WDC has 59.69% upside from the recent share price of $38.78 if the average analyst target price of $61.93/share is reached, and analysts on average are expecting AAL to reach a target price of $50.08/share, which is 54.51% above the recent price of $32.41. Below is a twelve month price history chart comparing the stock performance of MRVL, WDC, and AAL: Below is a summary table of the current analyst target prices discussed above: Are analysts justified in these targets, or overly optimistic about where these stocks will be trading 12 months from now?
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Similarly, WDC has 59.69% upside from the recent share price of $38.78 if the average analyst target price of $61.93/share is reached, and analysts on average are expecting AAL to reach a target price of $50.08/share, which is 54.51% above the recent price of $32.41. Below is a twelve month price history chart comparing the stock performance of MRVL, WDC, and AAL: Below is a summary table of the current analyst target prices discussed above: Are analysts justified in these targets, or overly optimistic about where these stocks will be trading 12 months from now? Three of FTA's underlying holdings with notable upside to their analyst target prices are Marvell Technology Group Ltd (Symbol: MRVL), Western Digital Corp (Symbol: WDC), and American Airlines Group Inc (Symbol: AAL).
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Below is a twelve month price history chart comparing the stock performance of MRVL, WDC, and AAL: Below is a summary table of the current analyst target prices discussed above: Are analysts justified in these targets, or overly optimistic about where these stocks will be trading 12 months from now? Three of FTA's underlying holdings with notable upside to their analyst target prices are Marvell Technology Group Ltd (Symbol: MRVL), Western Digital Corp (Symbol: WDC), and American Airlines Group Inc (Symbol: AAL). Similarly, WDC has 59.69% upside from the recent share price of $38.78 if the average analyst target price of $61.93/share is reached, and analysts on average are expecting AAL to reach a target price of $50.08/share, which is 54.51% above the recent price of $32.41.
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b5fa4212-c11d-4c4a-8693-997d951659d9
|
6833.0
|
2018-12-14 00:00:00 UTC
|
Poor China data caps turbulent week for FTSE 100 as investors rush for exits
|
AAL
|
https://www.nasdaq.com/articles/poor-china-data-caps-turbulent-week-ftse-100-investors-rush-exits-2018-12-14
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nan
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nan
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* FTSE 100 slides 1.3 pct, FTSE 250 down 1.2 pct
* GVC jumps ahead of fixed-odds betting terminals vote
* Housebuilders fall as anxiety over Brexit persists
* Low & Bonar sinks 17 pct after trading update (Updates prices, adds details, quotes)
By Helen Reid and Muvija M
LONDON, Dec 14 (Reuters) - Weak economic data from Chinasent Britain's top stock index down on Friday as miners,consumer stocks and banks suffered from investors' mountinganxiety about the world's second-biggest economy.
The FTSE 100 .FTSE ended the day down 0.7 percent, whilethe FTSE 250 .FTMC fell 0.9 percent. The leading stocks indexstill managed a gain for the week, which saw Prime Minister Maywin a vote of no confidence on Wednesday.
May's attempt to renegotiate her deal with the EuropeanUnion did little to dispel investor concerns over Brexit,though, sending sterling down 0.8 percent on Friday.
Banks and miners were the biggest drag as the weak dataadded to persisting fears over slowing growth in China, amid itstrade dispute with the United States.
China's November retail sales grew at the weakest pace since2003 and industrial output rose at the slowest rate in nearlythree years as domestic demand softened further. urn:newsml:reuters.com:*:nL3N1YJ1GY
Mining stocks dropped as London copper was on course for athird straight weekly loss.
GlencoreGLEN.L dropped 1.7 percent while Rio Tinto RIO.L , BHP BHPB.L , and Anglo AmericanAAL.L fell between0.6 and 1.5 percent.
Overall global earnings estimates for next year have begunto fall as analysts adjust to a slower pace of global growthwith weak economic data piling up from Europe and China.
"Volatility and the number of sharp moves across assetsappear to be rising and investors are facing a challenging macrobackdrop," wrote Goldman Sachs strategists.
Investors pulled a record amount from global equity fundsthis week, data from EPFR showed on Friday. UK equity funds werealso set for a record year of outflows with $9.8 billionflooding out so far in 2018. urn:newsml:reuters.com:*:nL8N1YJ4OM
Helping the FTSE 100 come back from its earlier sharp losseswere energy stocks and AstrazenecaAZN.L which gained afterSunTrust gave it a "buy" rating.
But the FTSE 100, along with euro zone stocks .STOXXE andthe pan-European index .STOXX , was on track for its worstquarter since 2011 when Europe was in the throes of a sovereigndebt crisis.
Housebuilders Taylor WimpeyTW.L , Persimmon PSN.L , andBarratt Development BDEV.L fell 1.8 to 2.7 percent as doubtspersisted over Prime Minister May's ability to secure tweaks toher Brexit deal from EU leaders.
A pessimistic note from Canaccord Genuity analysts didn'thelp the mood.
"Value potential is extremely attractive but macro risks areexceptionally high," the analysts wrote.
In single-stock moves, GVC GVC.L shares jumped 8.8 percentahead of next week's parliamentary vote on maximum stakes onfixed-odds betting terminals.
Citi analysts said the vote would be a "significant positivecatalyst" for the stock, eliminating the possibility the companywould have to pay out around 676 million pounds to shareholders.
GVC agreed to pay, as part of its acquisition of LadbrokesCoral in March this year, a contingent value right (CVR) linkedto the legislation, and worth 35p per Ladbrokes Coral share ifthe legislation is not enacted by 28 March 2019. urn:newsml:reuters.com:*:nL8N1XP7ZL
In results, construction firm Balfour BeattyBALF.L climbed 4.1 percent after saying full-year profits would beatexpectations thanks to the proceeds from the sale of aninfrastructure investment this month. urn:newsml:reuters.com:*:nL3N1YJ2Y0
Construction materials firm Low & BonarLWB.L , however,saw its shares fall 16.8 percent, the biggest drop on the FTSEsmall-caps index .FTSC , after it said tough market and tradingconditions persisted during its fourth quarter. urn:newsml:reuters.com:*:nASP0003TQ
Drugmaker Indivior INDV.L topped the FTSE 250, up 8.3percent, after BAML upped its price target on the stock.
The company, embroiled in a lengthy legal battle withIndia's Dr. Reddy's over a copycat version of its opioidaddiction drug, has seen its shares sink 77.4 percent this year.
Small-cap recruiting firm SthreeSTHR.L climbed 3.8percent after it raised its forecast for annual profits thanksto stronger international demand. urn:newsml:reuters.com:*:nL3N1YJ2UO
Peer Robert WaltersRWA.L also jumped 7.9 percent.
(Reporting by Helen Reid; Editing by Hugh Lawson) ((Helen.Reid@thomsonreuters.com; +44 20 7542 0402;))
(( 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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GlencoreGLEN.L dropped 1.7 percent while Rio Tinto RIO.L , BHP BHPB.L , and Anglo AmericanAAL.L fell between0.6 and 1.5 percent. UK equity funds werealso set for a record year of outflows with $9.8 billionflooding out so far in 2018. urn:newsml:reuters.com:*:nL8N1YJ4OM Helping the FTSE 100 come back from its earlier sharp losseswere energy stocks and AstrazenecaAZN.L which gained afterSunTrust gave it a "buy" rating. Housebuilders Taylor WimpeyTW.L , Persimmon PSN.L , andBarratt Development BDEV.L fell 1.8 to 2.7 percent as doubtspersisted over Prime Minister May's ability to secure tweaks toher Brexit deal from EU leaders.
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GlencoreGLEN.L dropped 1.7 percent while Rio Tinto RIO.L , BHP BHPB.L , and Anglo AmericanAAL.L fell between0.6 and 1.5 percent. * FTSE 100 slides 1.3 pct, FTSE 250 down 1.2 pct * GVC jumps ahead of fixed-odds betting terminals vote * Housebuilders fall as anxiety over Brexit persists * Low & Bonar sinks 17 pct after trading update (Updates prices, adds details, quotes) By Helen Reid and Muvija M LONDON, Dec 14 (Reuters) - Weak economic data from Chinasent Britain's top stock index down on Friday as miners,consumer stocks and banks suffered from investors' mountinganxiety about the world's second-biggest economy. urn:newsml:reuters.com:*:nL3N1YJ2Y0 Construction materials firm Low & BonarLWB.L , however,saw its shares fall 16.8 percent, the biggest drop on the FTSEsmall-caps index .FTSC , after it said tough market and tradingconditions persisted during its fourth quarter.
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GlencoreGLEN.L dropped 1.7 percent while Rio Tinto RIO.L , BHP BHPB.L , and Anglo AmericanAAL.L fell between0.6 and 1.5 percent. * FTSE 100 slides 1.3 pct, FTSE 250 down 1.2 pct * GVC jumps ahead of fixed-odds betting terminals vote * Housebuilders fall as anxiety over Brexit persists * Low & Bonar sinks 17 pct after trading update (Updates prices, adds details, quotes) By Helen Reid and Muvija M LONDON, Dec 14 (Reuters) - Weak economic data from Chinasent Britain's top stock index down on Friday as miners,consumer stocks and banks suffered from investors' mountinganxiety about the world's second-biggest economy. GVC agreed to pay, as part of its acquisition of LadbrokesCoral in March this year, a contingent value right (CVR) linkedto the legislation, and worth 35p per Ladbrokes Coral share ifthe legislation is not enacted by 28 March 2019. urn:newsml:reuters.com:*:nL8N1XP7ZL In results, construction firm Balfour BeattyBALF.L climbed 4.1 percent after saying full-year profits would beatexpectations thanks to the proceeds from the sale of aninfrastructure investment this month.
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GlencoreGLEN.L dropped 1.7 percent while Rio Tinto RIO.L , BHP BHPB.L , and Anglo AmericanAAL.L fell between0.6 and 1.5 percent. * FTSE 100 slides 1.3 pct, FTSE 250 down 1.2 pct * GVC jumps ahead of fixed-odds betting terminals vote * Housebuilders fall as anxiety over Brexit persists * Low & Bonar sinks 17 pct after trading update (Updates prices, adds details, quotes) By Helen Reid and Muvija M LONDON, Dec 14 (Reuters) - Weak economic data from Chinasent Britain's top stock index down on Friday as miners,consumer stocks and banks suffered from investors' mountinganxiety about the world's second-biggest economy. urn:newsml:reuters.com:*:nL3N1YJ2Y0 Construction materials firm Low & BonarLWB.L , however,saw its shares fall 16.8 percent, the biggest drop on the FTSEsmall-caps index .FTSC , after it said tough market and tradingconditions persisted during its fourth quarter.
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3a2fc072-8539-4e74-81dd-717dd7d147a9
|
6834.0
|
2018-12-14 00:00:00 UTC
|
Delta (DAL) Shares Decline More Than 4% Post Investor Day
|
AAL
|
https://www.nasdaq.com/articles/delta-dal-shares-decline-more-than-4-post-investor-day-2018-12-14
|
nan
|
nan
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Delta Air Lines, Inc . DAL recently provided an outlook for 2019 and the long term at its Investor Day.
The company anticipates double-digit earnings growth in 2019 with earnings per share projected between $6 and $7. The Zacks Consensus Estimate for the same stands at $6.55. Also, revenues are expected to grow 4-6% next year. The consensus estimate forecasts a 5.8% year-over-year top-line improvement. Although upbeat, these projections somewhat fell short of expectations, inducing investors' skepticism surrounding the stock. Consequently, shares of the company lost 4.8% at the close of business on Dec 13.
This Zacks Rank #3 (Hold) company's conservative outlook had a ripple effect on fellow players in the industry. Notable industry players like American Airlines AAL , United Continental Holdings UAL and Southwest Airlines LUV also saw shares going downhill. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here .
Delta Air Lines, Inc. Price
Delta Air Lines, Inc. Price | Delta Air Lines, Inc. Quote
Meanwhile, with fuel prices predicted to decline in 2019, the airline hopes for a reduction of nearly $300 million in fuel expenses. Non-fuel unit costs are estimated to inch up approximately 1% in the year. Also, capital expenditures are likely to total $4.5 billion next year. Additionally, pre-tax margin is expected to improve 100 bps at midpoint.
Delta also stated that it will remain focused on rewarding shareholders with dividends and buybacks. The carrier expects to return shareholders $2.5 billion in 2019. The company currently has a share repurchase authorization of $5 billion, to be completed in 2020. Free cash flow for 2019 is pegged at $3-$4 billion.
Fleet transformation is envisioned to be the major growth catalyst in 2019. To this end, Delta has planned 3% capacity growth, almost in line with consumer spending of 3.3%. The airline will add more fuel-efficient aircraft with reduced seat costs. Moreover, the carrier hopes to replace approximately 35% of its mainline fleet by 2023. Average seats per aircraft are projected to increase 2% annually in the 2018-2023 period. Meanwhile, premium seats are expected to rise 40% per aircraft yearly over the same time period.
More Stock News: This Is Bigger than the iPhone!
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Delta Air Lines, Inc. (DAL): Free Stock Analysis Report
Southwest Airlines Co. (LUV): Free Stock Analysis Report
American Airlines Group Inc. (AAL): Free Stock Analysis Report
United Continental Holdings, Inc. (UAL): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Notable industry players like American Airlines AAL , United Continental Holdings UAL and Southwest Airlines LUV also saw shares going downhill. Click to get this free report Delta Air Lines, Inc. (DAL): Free Stock Analysis Report Southwest Airlines Co. (LUV): Free Stock Analysis Report American Airlines Group Inc. (AAL): Free Stock Analysis Report United Continental Holdings, Inc. (UAL): Free Stock Analysis Report To read this article on Zacks.com click here. Although upbeat, these projections somewhat fell short of expectations, inducing investors' skepticism surrounding the stock.
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Notable industry players like American Airlines AAL , United Continental Holdings UAL and Southwest Airlines LUV also saw shares going downhill. Click to get this free report Delta Air Lines, Inc. (DAL): Free Stock Analysis Report Southwest Airlines Co. (LUV): Free Stock Analysis Report American Airlines Group Inc. (AAL): Free Stock Analysis Report United Continental Holdings, Inc. (UAL): Free Stock Analysis Report To read this article on Zacks.com click here. Delta Air Lines, Inc. Price Delta Air Lines, Inc. Price | Delta Air Lines, Inc. Quote Meanwhile, with fuel prices predicted to decline in 2019, the airline hopes for a reduction of nearly $300 million in fuel expenses.
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Click to get this free report Delta Air Lines, Inc. (DAL): Free Stock Analysis Report Southwest Airlines Co. (LUV): Free Stock Analysis Report American Airlines Group Inc. (AAL): Free Stock Analysis Report United Continental Holdings, Inc. (UAL): Free Stock Analysis Report To read this article on Zacks.com click here. Notable industry players like American Airlines AAL , United Continental Holdings UAL and Southwest Airlines LUV also saw shares going downhill. Delta Air Lines, Inc. Price Delta Air Lines, Inc. Price | Delta Air Lines, Inc. Quote Meanwhile, with fuel prices predicted to decline in 2019, the airline hopes for a reduction of nearly $300 million in fuel expenses.
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Click to get this free report Delta Air Lines, Inc. (DAL): Free Stock Analysis Report Southwest Airlines Co. (LUV): Free Stock Analysis Report American Airlines Group Inc. (AAL): Free Stock Analysis Report United Continental Holdings, Inc. (UAL): Free Stock Analysis Report To read this article on Zacks.com click here. Notable industry players like American Airlines AAL , United Continental Holdings UAL and Southwest Airlines LUV also saw shares going downhill. The carrier expects to return shareholders $2.5 billion in 2019.
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23cac83d-57ab-407d-8e60-5c6bbee4ba60
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6835.0
|
2018-12-14 00:00:00 UTC
|
FTSE 100 tumbles as weak Chinese data dents markets
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AAL
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https://www.nasdaq.com/articles/ftse-100-tumbles-weak-chinese-data-dents-markets-2018-12-14
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nan
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nan
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(For a live blog on European stocks, type LIVE/ in an Eikonnews window)
* FTSE 100 slides 1.3 pct, FTSE 250 down 1.2 pct
* GVC jumps ahead of fixed-odds betting terminals vote
* Housebuilders fall as anxiety over Brexit persists
* Low & Bonar sinks 17 pct after trading update
By Helen Reid and Muvija M
LONDON, Dec 14 (Reuters) - Weak economic data from Chinasent Britain's top stock index sharply down on Friday as banks,miners and consumer stocks suffered from investors' mountinganxiety about the world's second-biggest economy.
The FTSE 100 .FTSE was down 1.1 percent by 1000 GMT, inline with the FTSE 250 .FTMC .
Banks and miners were the biggest drag as the weak dataadded to persisting fears over slowing growth in China amid itstrade dispute with the United States.
Prime Minister Theresa May's attempt to renegotiate a Brexitdeal with the European Union also did little to dispel investorconcerns.
China's November retail sales grew at the weakest pace since2003 and industrial output rose the least in nearly three yearsas domestic demand softened further. urn:newsml:reuters.com:*:nL3N1YJ1GY
Financial heavyweights Lloyd'sLLOY.L , BarclaysBARC.L ,Prudential PRU.L and Standard CharteredSTAN.L fell 2 to 2.7percent. HSBCHSBA.L , which derives a big chunk of profitsfrom Asia, was the biggest single drag on the FTSE.
Mining stocks dropped as London copper was on course for athird straight weekly loss, after data showed China's industrialproduction slowed last month.
GlencoreGLEN.L dropped 3.4 percent while Rio Tinto RIO.L , BHP BHPB.L , and Anglo AmericanAAL.L fell between1.8 and 2.5 percent.
Overall global earnings estimates for next year have begunto fall as analysts adjust to a slower pace of global growthwith weak economic data piling up from Europe and China.
"Volatility and the number of sharp moves across assetsappear to be rising and investors are facing a challenging macrobackdrop," wrote Goldman Sachs strategists.
The FTSE 100 .FTSE , along with euro zone stocks .STOXXE and the pan-European index .STOXX , was on track for its worstquarter since 2011 when Europe was in the throes of a sovereigndebt crisis.
Housebuilders Taylor WimpeyTW.L , Persimmon PSN.L , andBarratt Development BDEV.L fell 2.3 to 3.3 percent as doubtspersisted over Prime Minister May's ability to secure tweaks toher Brexit deal from EU leaders.
A pessimistic note from Canaccord Genuity analysts didn'thelp the mood.
"Value potential is extremely attractive but macro risks areexceptionally high," the analysts wrote.
In single-stock moves, GVC GVC.L shares jumped 8.5 percentahead of next week's parliamentary vote on fixed-odds bettingterminals
Citi analysts said the vote would be a "significant positivecatalyst" for the stock, eliminating the possibility the companywould have to pay out around 676 million pounds to shareholders.
GVC agreed to pay, as part of its acquisition of LadbrokesCoral in March this year, a contingent value right (CVR) linkedto the legislation, and worth 35p per Ladbrokes Coral share ifthe legislation is not enacted by 28 March 2019. urn:newsml:reuters.com:*:nL8N1XP7ZL
In results, construction firm Balfour BeattyBALF.L wastop of the FTSE 250 after saying full-year profits would beatexpectations thanks to the proceeds from the sale of aninfrastructure investment this month. urn:newsml:reuters.com:*:nL3N1YJ2Y0
Construction materials firm Low & BonarLWB.L , however,saw its shares fall 17.1 percent, the biggest drop on the FTSEsmall-caps index .FTSC , after it said tough market and tradingconditions persisted during its fourth quarter. urn:newsml:reuters.com:*:nASP0003TQ
Drugmaker Indivior INDV.L rose 4.1 percent after BAMLupped its price target on the stock.
The company, embroiled in a lengthy legal battle withIndia's Dr. Reddy's over a copycat version of its opioidaddiction drug, has seen its shares sink 77.4 percent this year.
Recruiting firm SthreeSTHR.L climbed 4.2 percent after itraised its forecast for annual profits thanks to strongerinternational demand. urn:newsml:reuters.com:*:nL3N1YJ2UO
(Reporting by Helen Reid; Editing by Hugh Lawson) ((Helen.Reid@thomsonreuters.com; +44 20 7542 0402;))
(( 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.
|
GlencoreGLEN.L dropped 3.4 percent while Rio Tinto RIO.L , BHP BHPB.L , and Anglo AmericanAAL.L fell between1.8 and 2.5 percent. Banks and miners were the biggest drag as the weak dataadded to persisting fears over slowing growth in China amid itstrade dispute with the United States. Housebuilders Taylor WimpeyTW.L , Persimmon PSN.L , andBarratt Development BDEV.L fell 2.3 to 3.3 percent as doubtspersisted over Prime Minister May's ability to secure tweaks toher Brexit deal from EU leaders.
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GlencoreGLEN.L dropped 3.4 percent while Rio Tinto RIO.L , BHP BHPB.L , and Anglo AmericanAAL.L fell between1.8 and 2.5 percent. (For a live blog on European stocks, type LIVE/ in an Eikonnews window) * FTSE 100 slides 1.3 pct, FTSE 250 down 1.2 pct * GVC jumps ahead of fixed-odds betting terminals vote * Housebuilders fall as anxiety over Brexit persists * Low & Bonar sinks 17 pct after trading update By Helen Reid and Muvija M LONDON, Dec 14 (Reuters) - Weak economic data from Chinasent Britain's top stock index sharply down on Friday as banks,miners and consumer stocks suffered from investors' mountinganxiety about the world's second-biggest economy. urn:newsml:reuters.com:*:nL3N1YJ2Y0 Construction materials firm Low & BonarLWB.L , however,saw its shares fall 17.1 percent, the biggest drop on the FTSEsmall-caps index .FTSC , after it said tough market and tradingconditions persisted during its fourth quarter.
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GlencoreGLEN.L dropped 3.4 percent while Rio Tinto RIO.L , BHP BHPB.L , and Anglo AmericanAAL.L fell between1.8 and 2.5 percent. (For a live blog on European stocks, type LIVE/ in an Eikonnews window) * FTSE 100 slides 1.3 pct, FTSE 250 down 1.2 pct * GVC jumps ahead of fixed-odds betting terminals vote * Housebuilders fall as anxiety over Brexit persists * Low & Bonar sinks 17 pct after trading update By Helen Reid and Muvija M LONDON, Dec 14 (Reuters) - Weak economic data from Chinasent Britain's top stock index sharply down on Friday as banks,miners and consumer stocks suffered from investors' mountinganxiety about the world's second-biggest economy. GVC agreed to pay, as part of its acquisition of LadbrokesCoral in March this year, a contingent value right (CVR) linkedto the legislation, and worth 35p per Ladbrokes Coral share ifthe legislation is not enacted by 28 March 2019. urn:newsml:reuters.com:*:nL8N1XP7ZL In results, construction firm Balfour BeattyBALF.L wastop of the FTSE 250 after saying full-year profits would beatexpectations thanks to the proceeds from the sale of aninfrastructure investment this month.
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GlencoreGLEN.L dropped 3.4 percent while Rio Tinto RIO.L , BHP BHPB.L , and Anglo AmericanAAL.L fell between1.8 and 2.5 percent. (For a live blog on European stocks, type LIVE/ in an Eikonnews window) * FTSE 100 slides 1.3 pct, FTSE 250 down 1.2 pct * GVC jumps ahead of fixed-odds betting terminals vote * Housebuilders fall as anxiety over Brexit persists * Low & Bonar sinks 17 pct after trading update By Helen Reid and Muvija M LONDON, Dec 14 (Reuters) - Weak economic data from Chinasent Britain's top stock index sharply down on Friday as banks,miners and consumer stocks suffered from investors' mountinganxiety about the world's second-biggest economy. urn:newsml:reuters.com:*:nL3N1YJ2Y0 Construction materials firm Low & BonarLWB.L , however,saw its shares fall 17.1 percent, the biggest drop on the FTSEsmall-caps index .FTSC , after it said tough market and tradingconditions persisted during its fourth quarter.
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8e73cdd2-c3b1-4c18-8e7e-7daeee1c6783
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6836.0
|
2018-12-13 00:00:00 UTC
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FedEx (FDX) to Report Q2 Earnings: What's in The Cards?
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AAL
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https://www.nasdaq.com/articles/fedex-fdx-to-report-q2-earnings%3A-whats-in-the-cards-2018-12-13
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nan
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nan
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FedEx CorporationFDX is set to release second-quarter fiscal 2019 results after the closing bell on Dec 18.
Last reported quarter, the company came up with a negative earnings surprise of 8.5%. However, it delivered better-than-expected revenues. Moreover, both the metrics improved significantly on a year-over-year basis. Results were aided by growth across all its transportation segments.
The Zacks Consensus Estimate for earnings in the fiscal second quarter has been revised 1.2% downward in the last 90 days.
Let's delve into the factors likely to influence its fiscal second quarter results.
As has been the case in the last few quarters, the bottom line in the soon-to-be-reported quarter is likely to remain under pressure due to high costs. With FedEx investing significantly to upgrade facilities at its key divisions, capital expenses are on the rise. Moreover, integration expenses pertaining to TNT Express are further pushing up costs.
In the wake of the US-China trade war, a sudden slowdown in economic activity can't be ruled out. In fact, during first-quarter fiscal 2019 conference call, the FedEx CEO had raised concerns over the issue and even revealed that some sluggishness in economic activity in China could be felt. Thus, with the company's exposure in China, the turmoil might affect its revenues in the to-be-reported quarter.
However, the company has been benefiting from solid e-commerce growth, boosting its top line in turn and the second quarter of fiscal 2019 is likely to be no different. Notably, the Zacks Consensus Estimate for revenues in the fiscal second quarter at the FedEx Express (including TNT Express) segment stands at $9,739 million compared with $9,354 million a year ago. The same for the Freight segment is projected at $1,883 million, much higher than $1,762 million in the prior year. Also, the consensus mark for revenues at the Ground unit is pegged at $5,044 million, above $4,929 million in the second quarter of fiscal 2018.
FedEx Corporation Price and EPS Surprise
FedEx Corporation Price and EPS Surprise | FedEx Corporation Quote
Earnings Whispers
Our proven model does not conclusively show that FedEx is likely to beat estimates this quarter. This is because a stock needs to have both a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) for this to happen. But that is not the case here as elaborated below.
Zacks ESP : FedEx has an Earnings ESP of -2.82%. This is because the Most Accurate Estimate is pegged at $3.94 per share, lower than the Zacks Consensus Estimate of $4.05. You can uncover the best stocks to buy or sell before they're reported with our Earnings ESP Filter .
Zacks Rank : FedEx has a Zacks Rank #3 (Hold), which increases the predictive power of ESP. However, we need to have a positive ESP to be confident about a likely earnings surprise. Thus, this combination leaves surprise prediction inconclusive for the stock.
We caution against Sell-rated stocks (#4 or 5) going into an earnings announcement, especially when the company is seeing negative estimate revisions.
Stocks to Consider
Investors interested in the broader Transportation sector may consider the following stocks with the right combination of elements to beat on earnings in the upcoming releases:
American Airlines Group AAL has an Earnings ESP of +4.80% and a Zacks Rank #2. You can see the complete list of today's Zacks #1 Rank stocks here .
Allegiant Travel Company ALGT has an Earnings ESP of +3.06% and is a Zacks Rank #3 Ranked player.
Kansas City Southern KSU has an Earnings ESP of +1.26% and a Zacks Rank of 3.
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American Airlines Group Inc. (AAL): Free Stock Analysis Report
Allegiant Travel Company (ALGT): Free Stock Analysis Report
Kansas City Southern (KSU): Free Stock Analysis Report
FedEx Corporation (FDX): 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 to Consider Investors interested in the broader Transportation sector may consider the following stocks with the right combination of elements to beat on earnings in the upcoming releases: American Airlines Group AAL has an Earnings ESP of +4.80% and a Zacks Rank #2. Click to get this free report American Airlines Group Inc. (AAL): Free Stock Analysis Report Allegiant Travel Company (ALGT): Free Stock Analysis Report Kansas City Southern (KSU): Free Stock Analysis Report FedEx Corporation (FDX): Free Stock Analysis Report To read this article on Zacks.com click here. In the wake of the US-China trade war, a sudden slowdown in economic activity can't be ruled out.
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Click to get this free report American Airlines Group Inc. (AAL): Free Stock Analysis Report Allegiant Travel Company (ALGT): Free Stock Analysis Report Kansas City Southern (KSU): Free Stock Analysis Report FedEx Corporation (FDX): Free Stock Analysis Report To read this article on Zacks.com click here. Stocks to Consider Investors interested in the broader Transportation sector may consider the following stocks with the right combination of elements to beat on earnings in the upcoming releases: American Airlines Group AAL has an Earnings ESP of +4.80% and a Zacks Rank #2. Notably, the Zacks Consensus Estimate for revenues in the fiscal second quarter at the FedEx Express (including TNT Express) segment stands at $9,739 million compared with $9,354 million a year ago.
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Click to get this free report American Airlines Group Inc. (AAL): Free Stock Analysis Report Allegiant Travel Company (ALGT): Free Stock Analysis Report Kansas City Southern (KSU): Free Stock Analysis Report FedEx Corporation (FDX): Free Stock Analysis Report To read this article on Zacks.com click here. Stocks to Consider Investors interested in the broader Transportation sector may consider the following stocks with the right combination of elements to beat on earnings in the upcoming releases: American Airlines Group AAL has an Earnings ESP of +4.80% and a Zacks Rank #2. Notably, the Zacks Consensus Estimate for revenues in the fiscal second quarter at the FedEx Express (including TNT Express) segment stands at $9,739 million compared with $9,354 million a year ago.
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Stocks to Consider Investors interested in the broader Transportation sector may consider the following stocks with the right combination of elements to beat on earnings in the upcoming releases: American Airlines Group AAL has an Earnings ESP of +4.80% and a Zacks Rank #2. Click to get this free report American Airlines Group Inc. (AAL): Free Stock Analysis Report Allegiant Travel Company (ALGT): Free Stock Analysis Report Kansas City Southern (KSU): Free Stock Analysis Report FedEx Corporation (FDX): Free Stock Analysis Report To read this article on Zacks.com click here. Last reported quarter, the company came up with a negative earnings surprise of 8.5%.
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99f37cf7-92e0-4b9d-b9d5-7807f388345a
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6837.0
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2018-12-13 00:00:00 UTC
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Is American Airlines (AAL) a Great Value Stock Right Now?
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AAL
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https://www.nasdaq.com/articles/is-american-airlines-aal-a-great-value-stock-right-now-2018-12-13
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nan
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nan
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Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Of these, perhaps no stock market trend is more popular than value investing, which is a strategy that has proven to be successful in all sorts of market environments. Value investors use fundamental analysis and traditional valuation metrics to find stocks that they believe are being undervalued by the market at large.
In addition to the Zacks Rank, investors looking for stocks with specific traits can utilize our Style Scores system. Of course, value investors will be most interested in the system's "Value" category. Stocks with "A" grades for Value and high Zacks Ranks are among the best value stocks available at any given moment.
One stock to keep an eye on is American Airlines (AAL). AAL is currently sporting a Zacks Rank of #2 (Buy), as well as an A grade for Value. The stock holds a P/E ratio of 6.47, while its industry has an average P/E of 9.57. Over the past year, AAL's Forward P/E has been as high as 11.53 and as low as 5.67, with a median of 7.42.
Value investors also use the P/S ratio. The P/S ratio is is calculated as price divided by sales. This is a popular metric because sales are harder to manipulate on an income statement, so they are often considered a better performance indicator. AAL has a P/S ratio of 0.36. This compares to its industry's average P/S of 0.62.
Finally, we should also recognize that AAL has a P/CF ratio of 5.16. This data point considers a firm's operating cash flow and is frequently used to find companies that are undervalued when considering their solid cash outlook. This stock's P/CF looks attractive against its industry's average P/CF of 5.82. Within the past 12 months, AAL's P/CF has been as high as 7.33 and as low as 4.59, with a median of 5.64.
These figures are just a handful of the metrics value investors tend to look at, but they help show that American Airlines is likely being undervalued right now. Considering this, as well as the strength of its earnings outlook, AAL feels like a great value stock at the moment.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
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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One stock to keep an eye on is American Airlines (AAL). AAL is currently sporting a Zacks Rank of #2 (Buy), as well as an A grade for Value. Over the past year, AAL's Forward P/E has been as high as 11.53 and as low as 5.67, with a median of 7.42.
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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 to keep an eye on is American Airlines (AAL). AAL is currently sporting a Zacks Rank of #2 (Buy), as well as an A grade for Value.
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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 to keep an eye on is American Airlines (AAL). AAL is currently sporting a Zacks Rank of #2 (Buy), as well as an A grade for Value.
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AAL has a P/S ratio of 0.36. One stock to keep an eye on is American Airlines (AAL). AAL is currently sporting a Zacks Rank of #2 (Buy), as well as an A grade for Value.
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b93eed41-aafd-454f-8163-69beec1f72c3
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6838.0
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2018-12-12 00:00:00 UTC
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Noteworthy Wednesday Option Activity: FEYE, CVNA, AAL
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AAL
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https://www.nasdaq.com/articles/noteworthy-wednesday-option-activity-feye-cvna-aal-2018-12-12
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nan
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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 FireEye Inc (Symbol: FEYE), where a total volume of 30,854 contracts has been traded thus far today, a contract volume which is representative of approximately 3.1 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 64.3% of FEYE's average daily trading volume over the past month, of 4.8 million shares. Especially high volume was seen for the $20 strike call option expiring January 18, 2019 , with 5,189 contracts trading so far today, representing approximately 518,900 underlying shares of FEYE. Below is a chart showing FEYE's trailing twelve month trading history, with the $20 strike highlighted in orange:
Carvana Co (Symbol: CVNA) options are showing a volume of 11,149 contracts thus far today. That number of contracts represents approximately 1.1 million underlying shares, working out to a sizeable 62.4% of CVNA's average daily trading volume over the past month, of 1.8 million shares. Especially high volume was seen for the $50 strike call option expiring January 15, 2021 , with 5,506 contracts trading so far today, representing approximately 550,600 underlying shares of CVNA. Below is a chart showing CVNA's trailing twelve month trading history, with the $50 strike highlighted in orange:
And American Airlines Group Inc (Symbol: AAL) options are showing a volume of 50,620 contracts thus far today. That number of contracts represents approximately 5.1 million underlying shares, working out to a sizeable 57.8% of AAL's average daily trading volume over the past month, of 8.8 million shares. Particularly high volume was seen for the $50 strike put option expiring January 18, 2019 , with 6,590 contracts trading so far today, representing approximately 659,000 underlying shares of AAL. Below is a chart showing AAL's trailing twelve month trading history, with the $50 strike highlighted in orange:
For the various different available expirations for FEYE options , CVNA 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 $50 strike put option expiring January 18, 2019 , with 6,590 contracts trading so far today, representing approximately 659,000 underlying shares of AAL. Below is a chart showing CVNA's trailing twelve month trading history, with the $50 strike highlighted in orange: And American Airlines Group Inc (Symbol: AAL) options are showing a volume of 50,620 contracts thus far today. That number of contracts represents approximately 5.1 million underlying shares, working out to a sizeable 57.8% of AAL's average daily trading volume over the past month, of 8.8 million shares.
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That number of contracts represents approximately 5.1 million underlying shares, working out to a sizeable 57.8% of AAL's average daily trading volume over the past month, of 8.8 million shares. Below is a chart showing CVNA's trailing twelve month trading history, with the $50 strike highlighted in orange: And American Airlines Group Inc (Symbol: AAL) options are showing a volume of 50,620 contracts thus far today. Particularly high volume was seen for the $50 strike put option expiring January 18, 2019 , with 6,590 contracts trading so far today, representing approximately 659,000 underlying shares of AAL.
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That number of contracts represents approximately 5.1 million underlying shares, working out to a sizeable 57.8% of AAL's average daily trading volume over the past month, of 8.8 million shares. Below is a chart showing CVNA's trailing twelve month trading history, with the $50 strike highlighted in orange: And American Airlines Group Inc (Symbol: AAL) options are showing a volume of 50,620 contracts thus far today. Particularly high volume was seen for the $50 strike put option expiring January 18, 2019 , with 6,590 contracts trading so far today, representing approximately 659,000 underlying shares of AAL.
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Particularly high volume was seen for the $50 strike put option expiring January 18, 2019 , with 6,590 contracts trading so far today, representing approximately 659,000 underlying shares of AAL. Below is a chart showing CVNA's trailing twelve month trading history, with the $50 strike highlighted in orange: And American Airlines Group Inc (Symbol: AAL) options are showing a volume of 50,620 contracts thus far today. That number of contracts represents approximately 5.1 million underlying shares, working out to a sizeable 57.8% of AAL's average daily trading volume over the past month, of 8.8 million shares.
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bb3d2c36-f4e1-4f80-a84f-43442abaa9f8
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6839.0
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2018-12-11 00:00:00 UTC
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The JetBlue-Delta Rivalry in Boston Will Take Off in 2019
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AAL
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https://www.nasdaq.com/articles/jetblue-delta-rivalry-boston-will-take-2019-2018-12-11
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nan
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nan
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In the aftermath of the Great Recession, JetBlue Airways (NASDAQ: JBLU) took advantage of cutbacks by other airlines in Boston to build up a substantial focus city operation there. In the process, it became the leading airline in Boston, carrying over 31% of the airport's passenger traffic during the 12-month period that ended in August.
However, Delta Air Lines (NYSE: DAL) has mounted a challenge to JetBlue's dominance in Boston over the past couple of years. The rivalry between JetBlue and Delta is set to intensify in 2019, as both carriers gain control of new gates that will allow them to continue growing.
The airport is overcrowded
Boston's Logan International Airport was originally built in the 1920s, and while it has been expanded since then, it still suffers from significant space constraints. The airport is hemmed in on all sides by Boston Harbor and built-up areas, leaving no room for physical expansion. As a result, gate space is at a premium.
Gate constraints have started to become an impediment to growth for both JetBlue and Delta in Boston. JetBlue hopes to operate 200 daily departures there within a few years, which would be challenging to do in its existing 24-gate footprint -- particularly given its focus on serving business travelers in Boston. Delta operated 112 peak-day departures in Boston this past summer, which was already close to the maximum feasible within its existing 16 gates.
Delta is getting room to grow
To better accommodate its two fastest-growing airlines, Logan Airport has been renovating its terminals and moving other airlines around. In early 2019, American Airlines will give up four of its 18 gates, as it has been shrinking in Boston (and other non-hub cities) recently. That will allow the airport authority to build two extra gates in the area that American is vacating.
By midyear, the newly expanded area will reopen. Alaska Airlines will move its two gates there from Terminal C, and Southwest Airlines will move its five gates there from Terminal A. The latter move will allow Delta to take over all of Terminal A, expanding from 16 gates to 21 gates.
On Monday, Delta Air Lines revealed what it plans to do with all of this extra airport real estate. Next spring, it will add new three-times-daily service to Cleveland, while increasing service on its existing routes to Pittsburgh, Jacksonville, Nashville, Indianapolis, and Philadelphia. It will also follow through on expanded service to Europe that was announced previously.
In early September -- when Delta will have access to all 21 gates -- the carrier will add three key business destinations to its Boston route map. It will fly five times a day to Chicago, four times a day to Newark, and six times a day to Washington's Reagan National Airport. All in all, these moves will add nearly 30 daily departures to Delta's flight schedules in Boston.
JetBlue will be able to follow soon
JetBlue won't be standing still, either. It has already announced a new route to Rochester, New York that will start in January. It is also adding extra flights on nine popular routes to Florida and the Caribbean. But these capacity additions are being partially offset by the cancellation of its existing route between Boston and Washington's Dulles International Airport.
To grow in earnest, JetBlue Airways needs more gates. It is set to get at least two extra gates next year: one in Terminal E (the international terminal) and one in Terminal C (its main base at Logan) as part of a project that will also build a new bathroom there.
JetBlue will eventually get the two gates in Terminal C that Alaska Airlines currently uses, along with a third gate currently designated for common use -- but only after the airport builds a passageway to Terminal B in that area. The Terminal C to Terminal B Connector project includes construction of an additional gate that will also go to JetBlue.
When all is said and done, JetBlue will control 30 gates at Logan Airport. That will give it room to grow beyond its current target of 200 daily departures in Boston.
The competition will be intense
Delta recently began flying from Boston to Philadelphia. By adding service to Newark, Chicago, and Washington, D.C. -- and to a lesser extent, Cleveland -- it will fill in many of the biggest remaining gaps in its Boston route network. This will make it an even more formidable rival to JetBlue in competing for the loyalty of Boston-based business travelers.
Meanwhile, JetBlue is likely to steadily add frequencies on its most popular routes from Boston in 2019 and beyond, while filling in the few remaining major gaps in its route network there. That could eventually include starting transatlantic flights to key destinations like London, Paris, and Dublin.
Despite the growth of JetBlue Airways and Delta Air Lines in recent years, Boston remains an underserved air travel market. There may be ups and downs, but the market should have no trouble absorbing the additional capacity that is coming over the next few years.
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*Stock Advisor returns as of November 14, 2018
Adam Levine-Weinberg owns shares of Alaska Air Group, Delta Air Lines, JetBlue Airways, and Southwest Airlines and is long January 2019 $10 calls on JetBlue Airways. The Motley Fool owns shares of and recommends Southwest Airlines. The Motley Fool owns shares of Delta Air Lines. The Motley Fool recommends Alaska Air Group and JetBlue Airways. The Motley Fool has a disclosure policy .
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and 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 aftermath of the Great Recession, JetBlue Airways (NASDAQ: JBLU) took advantage of cutbacks by other airlines in Boston to build up a substantial focus city operation there. JetBlue hopes to operate 200 daily departures there within a few years, which would be challenging to do in its existing 24-gate footprint -- particularly given its focus on serving business travelers in Boston. By adding service to Newark, Chicago, and Washington, D.C. -- and to a lesser extent, Cleveland -- it will fill in many of the biggest remaining gaps in its Boston route network.
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Despite the growth of JetBlue Airways and Delta Air Lines in recent years, Boston remains an underserved air travel market. *Stock Advisor returns as of November 14, 2018 Adam Levine-Weinberg owns shares of Alaska Air Group, Delta Air Lines, JetBlue Airways, and Southwest Airlines and is long January 2019 $10 calls on JetBlue Airways. The Motley Fool recommends Alaska Air Group and JetBlue Airways.
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JetBlue will eventually get the two gates in Terminal C that Alaska Airlines currently uses, along with a third gate currently designated for common use -- but only after the airport builds a passageway to Terminal B in that area. Despite the growth of JetBlue Airways and Delta Air Lines in recent years, Boston remains an underserved air travel market. *Stock Advisor returns as of November 14, 2018 Adam Levine-Weinberg owns shares of Alaska Air Group, Delta Air Lines, JetBlue Airways, and Southwest Airlines and is long January 2019 $10 calls on JetBlue Airways.
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Delta is getting room to grow To better accommodate its two fastest-growing airlines, Logan Airport has been renovating its terminals and moving other airlines around. The latter move will allow Delta to take over all of Terminal A, expanding from 16 gates to 21 gates. Despite the growth of JetBlue Airways and Delta Air Lines in recent years, Boston remains an underserved air travel market.
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6c559a37-0e2b-4632-b838-d6b433b08d0e
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6840.0
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2018-12-11 00:00:00 UTC
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Why Airline Stocks Rose by Double Digits in November
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AAL
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https://www.nasdaq.com/articles/why-airline-stocks-rose-double-digits-november-2018-12-11
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nan
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nan
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What happened
November was fantastic across the board for airline stocks, which popped more than 10% -- and in one case, by more than 20% -- for the month, according to data provided by S&P Global Market Intelligence . This was true for legacy carriers like Delta Air Lines (NYSE: DAL) , United Continental Holdings (NASDAQ: UAL) , and American Airlines Group (NASDAQ: AAL) , which rose 10.9%, 13.1%, and 14.5%, respectively.
But the rally was even more pronounced for smaller discount carriers. Shares of JetBlue Airways (NASDAQ: JBLU) soared 16.7%, Allegiant Travel (NASDAQ: ALGT) was up 17.8%, and Spirit Airlines (NYSE: SAVE) was the best performer, with shares rising 23.5%. Somewhat surprisingly, the granddaddy of discount carriers, Southwest Airlines (NYSE: LUV) , only had a stock gain 11.2% for the month.
Even regional carriers like Hawaiian Holdings (NASDAQ: HA) saw benefits. Hawaiian's stock rose a solid 16%, while Alaska Air Group (NYSE: ALK) , which also operates Virgin America, climbed 19.3%. Even foreign carriers like Panamanian Copa Holdings (NYSE: CPA) and DeutscheLufthansa were up, by 17.4% and 22%, respectively.
Airline industry stocks outperformed in November, thanks to lower oil prices . Image source: Getty Images.
So what
What caused this impressive industrywide jump? Two words: oil prices.
Fuel is one of the largest expenses for airlines, behind only labor. However, labor is usually a fixed cost in the short term, which means that fluctuations in fuel prices probably have the single biggest impact on an airline's bottom line in the short term.
Because the cost of jet fuel corresponds tightly to oil prices, movements in the price of crude oil affect how much airlines pay for their fuel. So when oil prices go up, airline stocks feel the pinch. On the other hand, when oil prices drop, airlines can make hay while the sun shines and usually see their share prices increase.
Take, for example, the second half of 2014, when oil prices dropped by more than 50%. Here's how some representative airline stocks fared:
Brent Crude Oil Spot Price data by YCharts .
As you can see, all of them rose by double digits, handily outperforming the S&P 500 's 4.3% increase. United Continental and Southwest even saw better-than-50% gains!
Of course, the opposite is also true: When oil prices climb, as they did in the second half of 2017, airline stocks tend to underperform the broader market.
Brent Crude Oil Spot Price data by YCharts .
All of the airline stocks underperformed the broader market during this time period, and United Continental and JetBlue shares even lost value.
But while all of this is informative to airline investors, it doesn't really say much about how to proceed.
Now what
Of course, oil prices aren't the only things that affect the aviation industry.
Broader economic indicators can also have a big impact, because when the economy is strong, people and businesses tend to be able to afford more flights. Competition is a major factor as well, especially when a low-cost airline decides to expand into a new market, which tends to lower fares across the board in that market (a phenomenon dubbed "The Southwest Effect" when Southwest is the low-cost carrier in question).
Earlier this month, though, a completely different event may have sent airline stocks lower, despite lower oil prices: an analyst downgrade of the entire industry. Hunter Keay of Wolfe Research posited that low oil prices encourage poor management decisions, like lowering fares too much or adding overly excessive capacity. However, as my Fool.com colleague Adam Levine-Weinberg demonstrates in this excellent article , the tailwinds they get from lower fuel prices should outweigh any headwinds from excess capacity.
On top of that, OPEC and Russia recently announced a 1.2 million-barrel-per-day production cut, which caused oil prices to rise (and airline stocks to fall). However, the bump was short-lived , as news emerged that the plan has no country-specific quotas and that Iran may have received an exemption. Questions about how the U.S. relationship with Saudi Arabia might impact oil prices have also raised concerns .
So while it seems that lower fuel prices may be likely to stick around through the end of the year after all, it's important for investors to realize that this isn't a slam dunk. However, it does mean that now is probably a good time to keep airline stocks on your radar, because if oil prices continue to fall -- or even stabilize at current levels -- the entire industry is ripe for big gains.
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.
Click here to learn about these picks!
*Stock Advisor returns as of November 14, 2018
John Bromels has no position in any of the stocks mentioned. The Motley Fool owns shares of and recommends Southwest Airlines. The Motley Fool owns shares of Delta Air Lines and Spirit Airlines. The Motley Fool recommends Alaska Air Group, Copa Holdings, Hawaiian Holdings, and JetBlue Airways. The Motley Fool has a disclosure policy .
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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This was true for legacy carriers like Delta Air Lines (NYSE: DAL) , United Continental Holdings (NASDAQ: UAL) , and American Airlines Group (NASDAQ: AAL) , which rose 10.9%, 13.1%, and 14.5%, respectively. Hunter Keay of Wolfe Research posited that low oil prices encourage poor management decisions, like lowering fares too much or adding overly excessive capacity. On top of that, OPEC and Russia recently announced a 1.2 million-barrel-per-day production cut, which caused oil prices to rise (and airline stocks to fall).
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This was true for legacy carriers like Delta Air Lines (NYSE: DAL) , United Continental Holdings (NASDAQ: UAL) , and American Airlines Group (NASDAQ: AAL) , which rose 10.9%, 13.1%, and 14.5%, respectively. Here's how some representative airline stocks fared: Brent Crude Oil Spot Price data by YCharts . The Motley Fool recommends Alaska Air Group, Copa Holdings, Hawaiian Holdings, and JetBlue Airways.
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This was true for legacy carriers like Delta Air Lines (NYSE: DAL) , United Continental Holdings (NASDAQ: UAL) , and American Airlines Group (NASDAQ: AAL) , which rose 10.9%, 13.1%, and 14.5%, respectively. Airline industry stocks outperformed in November, thanks to lower oil prices . Because the cost of jet fuel corresponds tightly to oil prices, movements in the price of crude oil affect how much airlines pay for their fuel.
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This was true for legacy carriers like Delta Air Lines (NYSE: DAL) , United Continental Holdings (NASDAQ: UAL) , and American Airlines Group (NASDAQ: AAL) , which rose 10.9%, 13.1%, and 14.5%, respectively. Airline industry stocks outperformed in November, thanks to lower oil prices . Because the cost of jet fuel corresponds tightly to oil prices, movements in the price of crude oil affect how much airlines pay for their fuel.
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4a42bd24-b53e-4887-a5ba-97bcba41baad
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6841.0
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2018-12-10 00:00:00 UTC
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Are Low Oil Prices Actually Bad for Airline Investors?
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AAL
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https://www.nasdaq.com/articles/are-low-oil-prices-actually-bad-airline-investors-2018-12-10
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Airline stocks have plunged in the past few days. While general stock market volatility was a key factor behind the declines, a downgrade of the entire airline sector by analyst Hunter Keay of Wolfe Research accelerated the downward spiral on Friday.
Shares of American Airlines (NASDAQ: AAL) have plunged about 17% over the past week. Other major airlines including United Continental (NASDAQ: UAL) , Southwest Airlines (NYSE: LUV) , and Spirit Airlines (NYSE: SAVE) are sporting losses of 7% to 9%.
Airlines weekly stock performance, data by YCharts .
Keay's downgrade is premised on the belief that low oil prices are bad for airline stocks, because they encourage airlines to expand too quickly, undermining their pricing power. However, this big sell-off looks like a buying opportunity, because fuel cost savings will likely outweigh any unit revenue weakness.
The setup
Oil prices surged in the second half of 2017 and during most of 2018, after OPEC and several other oil producers (led by Russia) agreed to reduce production to prop up the market. This cost pressure pinched profit margins at most airlines. But on the bright side, it has helped tamp down some of the fare wars that periodically swept across the industry from 2015 to 2017.
However, oil prices have plunged since early October, on fears that supply is outpacing demand again. The market price of jet fuel peaked at around $2.35 per gallon during the first week of October, but it has since fallen below $1.80.
As a result, airlines' fuel costs are now on track to decline year over year in 2019, in a sharp reversal from the outlook just two months ago. This should lead to surging profits across the industry -- unless airlines resume their fare wars and unit revenue trends turn negative again.
However, Keay believes that airlines will "behave poorly" -- i.e. add too much capacity -- if oil prices stay low. As a result, he downgraded the entire sector from overweight (the equivalent of buy) to underweight (the equivalent of sell) on Friday. He also downgraded several individual stocks, including American Airlines and Spirit Airlines.
Do low oil prices kill capacity discipline?
On the surface, Keay might seem to have a valid point. Fuel prices plunged in the second half of 2014, and in 2015, Spirit accelerated its capacity growth to 30% from 17.9% a year earlier. Meanwhile, Southwest grew its capacity 7.2% in 2015, following a mere 0.5% increase in 2014. As a result, revenue per available seat mile (RASM) dipped 1.5% at Southwest and plunged 14.7% at Spirit during 2015. American and United both posted mid-single-digit RASM declines that year.
However, this isn't the whole story. In April 2014 -- well before oil prices began to fall -- Spirit was already planning to increase its capacity by 30% in 2015. The change in its growth rate was simply due to the timing of when it could get new aircraft from Airbus . The fact that it lined up with a drop in oil prices was just a coincidence.
Southwest was also already planning to accelerate its growth rate in 2015 before oil prices fell. It saw a big opportunity to expand in Dallas after restrictions on long-distance flights at Love Field were eased in late 2014. The end of the AirTran merger integration process also freed up more capacity for growth. In April 2014, Southwest estimated that it would end 2015 with about 695 aircraft in its fleet. It ultimately finished the year with 704 aircraft -- just 1.3% higher than its projection (which was made before oil prices fell).
As for the legacy carriers, American and United increased capacity 1.2% and 1.6%, respectively, in 2015. Clearly, neither one made major capacity changes based on the decline in fuel prices.
Conversely, United decided about a year ago to accelerate its growth rate by 4% to 6% for the 2018 to 2020 period, in order to regain domestic market share. It stuck with that plan even as fuel prices moved steadily higher during 2018.
The fear of low oil prices is based on a myth
It would be naive to suppose that low oil prices have no impact on airlines' capacity decisions. With lower oil prices, more routes can be profitable for airlines, as it becomes possible to earn higher profits even with slightly lower unit revenue. Over time, this encourages some amount of incremental capacity growth.
However, in the past few years, fluctuations in airlines' growth rates have been driven primarily by strategic decisions that had little or nothing to do with oil prices. Furthermore, order backlogs at Boeing and Airbus are so long at this point that airlines can't just accelerate their growth rates on a whim.
Thus, low oil prices won't have a significant impact on airlines' 2019 capacity plans. Even in 2020, the impact will probably be relatively minimal.
Meanwhile, the roughly $0.50 per gallon decline in jet fuel prices over the past two months represents a margin tailwind of 5 percentage points or more for most airlines. Investors should embrace the cost savings, which will likely enable strong profit growth across the airline industry next year. With most airline stocks already trading at bargain valuations, the recent sell-off looks like a great buying opportunity for investors willing to ride out some potential volatility.
10 stocks we like better than Southwest Airlines
When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor , has quadrupled the market.*
David and Tom just revealed what they believe are the 10 best stocks for investors to buy right now... and Southwest Airlines wasn't one of them! That's right -- they think these 10 stocks are even better buys.
Click here to learn about these picks!
*Stock Advisor returns as of November 14, 2018
Adam Levine-Weinberg owns shares of Southwest Airlines and Spirit Airlines. The Motley Fool owns shares of and recommends Southwest Airlines. The Motley Fool owns shares of 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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Shares of American Airlines (NASDAQ: AAL) have plunged about 17% over the past week. While general stock market volatility was a key factor behind the declines, a downgrade of the entire airline sector by analyst Hunter Keay of Wolfe Research accelerated the downward spiral on Friday. Conversely, United decided about a year ago to accelerate its growth rate by 4% to 6% for the 2018 to 2020 period, in order to regain domestic market share.
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Shares of American Airlines (NASDAQ: AAL) have plunged about 17% over the past week. Other major airlines including United Continental (NASDAQ: UAL) , Southwest Airlines (NYSE: LUV) , and Spirit Airlines (NYSE: SAVE) are sporting losses of 7% to 9%. Thus, low oil prices won't have a significant impact on airlines' 2019 capacity plans.
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Shares of American Airlines (NASDAQ: AAL) have plunged about 17% over the past week. Other major airlines including United Continental (NASDAQ: UAL) , Southwest Airlines (NYSE: LUV) , and Spirit Airlines (NYSE: SAVE) are sporting losses of 7% to 9%. Keay's downgrade is premised on the belief that low oil prices are bad for airline stocks, because they encourage airlines to expand too quickly, undermining their pricing power.
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Shares of American Airlines (NASDAQ: AAL) have plunged about 17% over the past week. However, this big sell-off looks like a buying opportunity, because fuel cost savings will likely outweigh any unit revenue weakness. Fuel prices plunged in the second half of 2014, and in 2015, Spirit accelerated its capacity growth to 30% from 17.9% a year earlier.
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1c5bb8bd-437a-4c88-8447-473146169102
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6842.0
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2018-12-10 00:00:00 UTC
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Monday’s Vital Data: Cronos Group, Tesla and American Airlines
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AAL
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https://www.nasdaq.com/articles/mondays-vital-data-cronos-group-tesla-and-american-airlines-2018-12-10
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips
U.S. stock futures are inching higher as traders attempt to pare last week's gut-wrenching losses. The gains come as most major indexes are testing the lower end of their two-month trading ranges.
In early morning trading, futures on the Dow Jones Industrial Average are down 0.02% and S&P 500 futures are higher by 0.02%. Nasdaq-100 futures have added 0.07%.
In the options pits, puts kept pace with calls on Friday. Specifically, about 22 million calls and 21.6 million puts changed hands on the session. Meanwhile, at the CBOE the single-session equity put/call volume ratio inched lower to 0.77 easing the panic readings from Thursday. The 10-day moving average held its ground at 0.68.
Here are three of the hottest stocks landing atop the most-actives list. Cronos (NASDAQ: CRON ) was flooded with activity amid news that cigarette producer, Altria (NYSE: MO ) was taking a $1.8 billion stake in the company. Tesla (NASDAQ: TSLA ) notched a three-month high before succumbing to broad market weakness. Finally, American Airlines (NYSE: AAL ) was a notable loser, falling 9.3% amid heavy distribution.
Let's take a closer look:
Cronos Group (CRON)
Canadian cannabis company, Cronos, made an appearance on last week's most-actives list on rumors that Altria may be buying the company. Well, where there is smoke, there's fire.
10 Chinese Stocks That Are Worth a Gamble In 2019
On Friday CRON announced that Altria is buying a 45% stake for approximately $1.8 billion. The news sent CRON stock, which had previously popped on rumors of a deal, even higher by 22% to $12.72. With the surge, Cronos shares are now testing overhead resistance near $14.
On the options trading front, traders came after calls with a vengeance. Activity swelled to 381% of the average daily volume, with 94,736 total contracts traded. 68% of the trading came from call options alone.
With the cat now out of the bag, and CRON stock already pole-vaulting 22% on the news, implied volatility fell on the day from 125% to 110%. Admittedly, 110% is still lofty so expect further gyrations moving forward.
Tesla (TSLA)
Tesla shares have been a bastion of strength during the recent selling onslaught. While the S&P 500 is plumbing the depths, TSLA stock has been flying high. On Friday, Elon Musk's flagship tagged a new three-month high and now remains a stone's throw from new all-time highs.
Though TSLA eventually succumbed to broad market weakness and ended with a nasty bearish reversal candle, it remains above a rising 2o-day and 50-day moving average.
On the options trading front, calls slightly outpaced puts despite the sharp downside reversal in the stock. Total activity jumped to 252% of the average daily volume, with 367,185 total contracts traded. Calls contributed 55% to the day's take.
Implied volatility held steady on the day at 63%, or the 38th percentile of its one-year range. Traders are pricing in daily moves of $14.23 or 4%.
American Airlines (AAL)
American Airlines suffered massive turbulence on Friday. Though most every stock was swept up in the selling frenzy striking the Street, the damage in AAL was particularly painful. By day's end, the stock was down 9.3% amid massive volume.
The descent carried AAL back below its 50-day moving average and a short-term support pivot which means the daily trend has officially turned lower. Look for a re-test of its 52-week low of $30.24 in the coming weeks.
On the options trading front, calls were surprisingly the hot ticket. Total activity soared to 228% of the average daily volume, with 93,145 total contracts traded. About 82% of the trading came from call options alone.
Options demand lifted dramatically on the day buoying implied volatility higher to 52% or the 84th percentile of its one-year range. Traders are pricing-in daily moves of $1.10 or 3.3%.
As of this writing, Tyler Craig didn't hold positions in any of the aforementioned securities. Want insightful education on how to trade? Check out his trading blog, Tales of a Technician .
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The post Monday's Vital Data: Cronos Group, Tesla and American Airlines appeared first on InvestorPlace .
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and 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 descent carried AAL back below its 50-day moving average and a short-term support pivot which means the daily trend has officially turned lower. Finally, American Airlines (NYSE: AAL ) was a notable loser, falling 9.3% amid heavy distribution. American Airlines (AAL) American Airlines suffered massive turbulence on Friday.
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Finally, American Airlines (NYSE: AAL ) was a notable loser, falling 9.3% amid heavy distribution. American Airlines (AAL) American Airlines suffered massive turbulence on Friday. Though most every stock was swept up in the selling frenzy striking the Street, the damage in AAL was particularly painful.
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Finally, American Airlines (NYSE: AAL ) was a notable loser, falling 9.3% amid heavy distribution. American Airlines (AAL) American Airlines suffered massive turbulence on Friday. Though most every stock was swept up in the selling frenzy striking the Street, the damage in AAL was particularly painful.
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Finally, American Airlines (NYSE: AAL ) was a notable loser, falling 9.3% amid heavy distribution. American Airlines (AAL) American Airlines suffered massive turbulence on Friday. Though most every stock was swept up in the selling frenzy striking the Street, the damage in AAL was particularly painful.
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6843.0
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2018-12-10 00:00:00 UTC
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Airline Stocks Plummet in Friday's Trading: Here's Why
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AAL
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https://www.nasdaq.com/articles/airline-stocks-plummet-in-fridays-trading%3A-heres-why-2018-12-10
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Airline stocks have not performed well this year due to multiple factors like high fuel and labor costs, technical glitches and labor unrest. The negative sentiment surrounding the space can be gauged from the fact that the Zacks Airline industry has shed 20% of its value compared with the Zacks S&P 500 Composite index's 1.6% decline on a year-to-date basis.
November's Oil Price Rout
Despite the overall bearish performance, as highlighted above, things were looking up for airline stocks over the past month. This is because oil prices registered the steepest monthly decline since 2008 in November. In fact, the commodity ended the month at $50.93 a barrel, bringing its monthly decline to around 22%.
It is a well-known fact that oil prices are inversely related to the health of airline stocks as fuel-related expenses form a major chunk of airline expenditures.
Airlines Plummet Again on Dec 7
The optimism pertaining to the recovery of airline stocks was hurt on Friday as the companies suffered biggest one-day loss since Feb 26, 2016. Shares of key airline players tumbled on Dec 7, leading to the NYSE Airline Index's decline of 5.1% to $99.34. Notably, legacy carriers like American Airlines Group AAL , United Continental Holdings UAL and Delta Air Lines DAL declined 9.1%, 5.2% and 3.5%, respectively, on the same day.
All three above-mentioned companies carry a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here .
Apart from concerns regarding economic growth, the fact that OPEC members and their allies agreed to reduce oil production from January to curb oversupply fears induced decline in airline stocks.
Other Tailwinds
Over the past month, oil prices have been on a downtrend due to fears of oversupply and a soft demand outlook. Although low oil prices are a boon for airline stocks, given their significant decline in operating expenses, the scenario might prove to be a double-edged sword for the sector participants.
In the low oil-price scenario, unit revenue performance is likely to suffer due to low fuel surcharges on international flights. In fact, the likes of Delta Air Lines and Hawaiian Holdings HA have recently trimmed their respective unit revenue projections for the fourth quarter of 2018.
Capacity discipline in the airline space is also likely to be hurt by low oil prices. The dismal performance of airlines on Friday can also be attributed to the 130 basis points decline in November load factor (percentage of seats filled by passengers) at Southwest Airlines' LUV as capacity expansion outweighed traffic growth.
Earlier too, capacity- and pricing-related woes affected investors in the airline space. They feared that due to weak oil prices, capacity expansion may lead to oversupply in the market. Return of capacity-related concerns, as highlighted by Southwest's traffic report, would pose further challenges to the airline space.
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Delta Air Lines, Inc. (DAL): Free Stock Analysis Report
United Continental Holdings, Inc. (UAL): Free Stock Analysis Report
Southwest Airlines Co. (LUV): Free Stock Analysis Report
American Airlines Group Inc. (AAL): 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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Notably, legacy carriers like American Airlines Group AAL , United Continental Holdings UAL and Delta Air Lines DAL declined 9.1%, 5.2% and 3.5%, respectively, on the same day. Click to get this free report Delta Air Lines, Inc. (DAL): Free Stock Analysis Report United Continental Holdings, Inc. (UAL): Free Stock Analysis Report Southwest Airlines Co. (LUV): Free Stock Analysis Report American Airlines Group Inc. (AAL): Free Stock Analysis Report Hawaiian Holdings, Inc. (HA): Free Stock Analysis Report To read this article on Zacks.com click here. Apart from concerns regarding economic growth, the fact that OPEC members and their allies agreed to reduce oil production from January to curb oversupply fears induced decline in airline stocks.
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Notably, legacy carriers like American Airlines Group AAL , United Continental Holdings UAL and Delta Air Lines DAL declined 9.1%, 5.2% and 3.5%, respectively, on the same day. Click to get this free report Delta Air Lines, Inc. (DAL): Free Stock Analysis Report United Continental Holdings, Inc. (UAL): Free Stock Analysis Report Southwest Airlines Co. (LUV): Free Stock Analysis Report American Airlines Group Inc. (AAL): Free Stock Analysis Report Hawaiian Holdings, Inc. (HA): Free Stock Analysis Report To read this article on Zacks.com click here. In the low oil-price scenario, unit revenue performance is likely to suffer due to low fuel surcharges on international flights.
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Click to get this free report Delta Air Lines, Inc. (DAL): Free Stock Analysis Report United Continental Holdings, Inc. (UAL): Free Stock Analysis Report Southwest Airlines Co. (LUV): Free Stock Analysis Report American Airlines Group Inc. (AAL): Free Stock Analysis Report Hawaiian Holdings, Inc. (HA): Free Stock Analysis Report To read this article on Zacks.com click here. Notably, legacy carriers like American Airlines Group AAL , United Continental Holdings UAL and Delta Air Lines DAL declined 9.1%, 5.2% and 3.5%, respectively, on the same day. It is a well-known fact that oil prices are inversely related to the health of airline stocks as fuel-related expenses form a major chunk of airline expenditures.
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Notably, legacy carriers like American Airlines Group AAL , United Continental Holdings UAL and Delta Air Lines DAL declined 9.1%, 5.2% and 3.5%, respectively, on the same day. Click to get this free report Delta Air Lines, Inc. (DAL): Free Stock Analysis Report United Continental Holdings, Inc. (UAL): Free Stock Analysis Report Southwest Airlines Co. (LUV): Free Stock Analysis Report American Airlines Group Inc. (AAL): Free Stock Analysis Report Hawaiian Holdings, Inc. (HA): Free Stock Analysis Report To read this article on Zacks.com click here. November's Oil Price Rout Despite the overall bearish performance, as highlighted above, things were looking up for airline stocks over the past month.
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8d5a7e22-471a-4077-a5a3-42fad8fa40e7
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6844.0
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2018-12-08 00:00:00 UTC
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United Airlines International Premium Economy Seats Go on Sale
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AAL
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https://www.nasdaq.com/articles/united-airlines-international-premium-economy-seats-go-sale-2018-12-08
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nan
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Three years ago, American Airlines (NASDAQ: AAL) announced that it would follow many of its international rivals by creating a true premium economy section for its long-haul fleet. Less than a year later, Delta Air Lines (NYSE: DAL) jumped on the bandwagon .
At the time, the third U.S. legacy carrier -- United Continental (NASDAQ: UAL) -- indicated that it was also studying the idea of adding premium economy sections to its fleet. However, it had bigger fish to fry, as the company was just embarking on a multiyear turnaround plan at that point.
Not surprisingly, United eventually came to the same conclusion as American and Delta, and it began retrofitting its widebody fleet with new "Premium Plus" seats earlier this year. Last week, the carrier finally began sales for this important new product.
Finding a middle ground
In the decade since the Great Recession, American, Delta, and United have invested huge sums to upgrade their international business class cabins. Recliner-style seats have been replaced with seats that convert into fully flat beds, providing a better night's sleep on long red-eye flights. This has allowed the airlines to capture ever higher fares from business travelers, who tend not to be very price-sensitive.
As a result, most leisure travelers have been priced out of the market for international business class fares. Extra-legroom coach seats are much more affordable, but aside from a few extra inches of seat pitch, they don't offer many advantages.
International premium economy sections bridge the divide between business class and the back of the plane. For American, Delta, and United, the seats typically offer 38 inches of pitch -- compared to as little as 31 inches in coach and 34 inches for a normal extra-legroom seat -- plus a wider seat, more recline, and other special amenities.
United Airlines joins the club
United plans to copy American Airlines by keeping its Premium Plus section relatively small, with between 21 and 24 seats, depending on the aircraft. That should allow it to keep fares high. By contrast, Delta went in the opposite direction by installing 48 of its "Premium Select" seats on each of its Airbus A350s.
Premium Plus seats will come preinstalled on United's new Boeing 787-10 planes. The rest of its fleet will need to be retrofitted with the new section. While the modifications began earlier this year, the company is less than 10% of the way through the process so far.
Since aircraft substitutions are inevitable from time to time, United Airlines has been selling the Premium Plus seats as regular extra-legroom seats up until now. This is a wise choice. It's better to leave money on the table and delight some loyal customers with upgrades to the new premium economy seats rather than risk alienating people who paid for Premium Plus if the product ends up not being available due to an aircraft substitution.
However, United expects to install the new seats on most of its widebodies by the end of 2020 . By next spring, it will have enough of a critical mass of retrofitted planes to deliver the product reliably. Accordingly, last week, the carrier began ticket sales for Premium Plus seats for 25 daily round-trip flights on 21 routes -- in most cases, effective March 30. (A few of the flights will switch over to the new configuration in April and May.)
The initial batch of routes getting Premium Plus includes several of United's longest routes, like Newark-Hong Kong and San Francisco-Tel Aviv. It also includes other high-profile routes like San Francisco-Tokyo and Newark-Paris.
There's substantial upside
Over the past two years, management's strategy of accelerated growth in the domestic market -- particularly in Chicago, Denver, and Houston -- has paid off for United Airlines. Unit revenue has been rising strongly as the increase in connecting flight options has helped United regain market share, while higher asset utilization is starting to reduce nonfuel unit costs.
The introduction of Premium Plus sections beginning in 2019 should lift unit revenue on international routes. Indeed, Delta's initial Premium Select rollout was so successful that the carrier decided earlier this year to install Premium Select sections on its entire international widebody fleet , rather than just a few dozen planes that serve the longest routes.
While United Airlines is still unlikely to catch up to industry leader Delta Air Lines in terms of profitability, the rapid rollout of Premium Plus over the next two years should help it improve its profit margin and narrow the gap.
10 stocks we like better than United Continental Holdings, Inc.
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, Inc. 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
Adam Levine-Weinberg owns shares of Delta Air Lines. The Motley Fool owns shares of Delta Air Lines. The Motley Fool has a disclosure policy .
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Three years ago, American Airlines (NASDAQ: AAL) announced that it would follow many of its international rivals by creating a true premium economy section for its long-haul fleet. Finding a middle ground In the decade since the Great Recession, American, Delta, and United have invested huge sums to upgrade their international business class cabins. There's substantial upside Over the past two years, management's strategy of accelerated growth in the domestic market -- particularly in Chicago, Denver, and Houston -- has paid off for United Airlines.
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Three years ago, American Airlines (NASDAQ: AAL) announced that it would follow many of its international rivals by creating a true premium economy section for its long-haul fleet. Not surprisingly, United eventually came to the same conclusion as American and Delta, and it began retrofitting its widebody fleet with new "Premium Plus" seats earlier this year. Indeed, Delta's initial Premium Select rollout was so successful that the carrier decided earlier this year to install Premium Select sections on its entire international widebody fleet , rather than just a few dozen planes that serve the longest routes.
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Three years ago, American Airlines (NASDAQ: AAL) announced that it would follow many of its international rivals by creating a true premium economy section for its long-haul fleet. For American, Delta, and United, the seats typically offer 38 inches of pitch -- compared to as little as 31 inches in coach and 34 inches for a normal extra-legroom seat -- plus a wider seat, more recline, and other special amenities. United Airlines joins the club United plans to copy American Airlines by keeping its Premium Plus section relatively small, with between 21 and 24 seats, depending on the aircraft.
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Three years ago, American Airlines (NASDAQ: AAL) announced that it would follow many of its international rivals by creating a true premium economy section for its long-haul fleet. Not surprisingly, United eventually came to the same conclusion as American and Delta, and it began retrofitting its widebody fleet with new "Premium Plus" seats earlier this year. Since aircraft substitutions are inevitable from time to time, United Airlines has been selling the Premium Plus seats as regular extra-legroom seats up until now.
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6845.0
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2018-12-07 00:00:00 UTC
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Nasdaq 100 Movers: ULTA, TSLA
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AAL
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https://www.nasdaq.com/articles/nasdaq-100-movers-ulta-tsla-2018-12-07
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nan
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In early trading on Friday, shares of Tesla topped the list of the day's best performing components of the Nasdaq 100 index, trading up 4.2%. Year to date, Tesla registers a 21.4% gain.
And the worst performing Nasdaq 100 component thus far on the day is Ulta Beauty, trading down 6.6%. Ulta Beauty Inc is showing a gain of 22.3% looking at the year to date performance.
Two other components making moves today are American Airlines Group, trading down 3.7%, and Broadcom, trading up 3.9% on the day.
VIDEO: Nasdaq 100 Movers: ULTA, TSLA
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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And the worst performing Nasdaq 100 component thus far on the day is Ulta Beauty, trading down 6.6%. Ulta Beauty Inc is showing a gain of 22.3% looking at the year to date performance. VIDEO: Nasdaq 100 Movers: ULTA, TSLA The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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And the worst performing Nasdaq 100 component thus far on the day is Ulta Beauty, trading down 6.6%. VIDEO: Nasdaq 100 Movers: ULTA, TSLA 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 early trading on Friday, shares of Tesla topped the list of the day's best performing components of the Nasdaq 100 index, trading up 4.2%. And the worst performing Nasdaq 100 component thus far on the day is Ulta Beauty, trading down 6.6%. VIDEO: Nasdaq 100 Movers: ULTA, TSLA The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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And the worst performing Nasdaq 100 component thus far on the day is Ulta Beauty, trading down 6.6%. Ulta Beauty Inc is showing a gain of 22.3% looking at the year to date performance. VIDEO: Nasdaq 100 Movers: ULTA, TSLA The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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1f1e4a34-7226-406d-8f34-89ca18d832ad
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6846.0
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2018-12-07 00:00:00 UTC
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Boeing Stock Will Face Further Correction After the Lion Air Tragedy
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AAL
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https://www.nasdaq.com/articles/boeing-stock-will-face-further-correction-after-lion-air-tragedy-2018-12-07
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nan
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nan
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips
Thanks to its robust civilian airline business and a very respectable military presence, Boeing (NYSE: BA ) offers significant stability for investors. But like most other publicly-traded firms, Boeing stock has experienced a turbulent, albeit net positive environment in 2018.
But recent events threaten to turn the company's trajectory decidedly towards the downside. During the Tuesday session, BA stock price dropped nearly 5%. At the center of the controversy is the October 29th crash of Indonesia's Lion Air Flight 610 .
According to a preliminary report released by investigators last week, a mechanism known as Maneuvering Characteristics Augmentation System, or MCAS, malfunctioned, pushing the doomed airliner's nose downward more than 20 times. Unable to correct the problem, the pilots struggled relentlessly before the plane crashed into the Java Sea. All 189 people onboard died.
For Boeing stock, the tragic news couldn't come at a worse time. Nearly every business with international exposure had their eyes fixed on the ongoing U.S.-China trade war. A negotiated truce provided some optimism that the two nations can reach a lasting resolution. Now, management has more pressing issues to address.
Furthermore, the volatility in the BA stock price could accelerate on PR concerns. The doomed airplane, a Boeing 737 Max, represents the latest version of the venerable 737 series. If investigators determine that this iteration is flawed, Boeing potentially loses several lucrative contracts.
Unfortunately, the facts as we currently know them don't appear favorable for Boeing stock.
A System Failure could seriously Damage Boeing stock
According to aviation experts, the key to resolving an in-flight emergency is to determine the malfunctioning component or system. In Flight 610's case, that system is the aforementioned MCAS. Especially damning for BA stock is that neither Boeing nor Lion Air dispute this.
7 Big Data Stocks to Buy for 2019
Even worse, airline pilots alleged that Boeing installed MCAS in the 737 Max without informing the companies flying the plane. That's according to Southwest Airlines ' (NYSE: LUV ) captain and pilots association president Jon Weaks. If true, that is a completely unacceptable - and dare I say unforgivable - oversight in communication.
At the very least, management should terminate those held responsible. Depending on the facts of the investigation, I can foresee criminal negligence charges. Should events escalate to that level, the BA stock price will likely suffer substantial red ink.
Needless to say, Lion Air is furious, demanding Boeing take full responsibility for the crash. The affected airline has a substantial stake in placing guilt on Boeing. According to multiple studies , airline customers respond negatively to a brand involved in an accident.
That said, evidence also indicates that consumers distinguish among various catalysts . For instance, people won't avoid airliners or aircraft manufacturers if they were involved in a terrorist attack. They will, however, avoid companies involved in negligent accidents.
But the biggest headwind for Boeing stock isn't the crash itself. Rather, Lion Air has threatened to cancel its $22 billion aircraft order with the manufacturer. Not only that, other airliners could follow suit, boosting rival Airbus ' (OTCMKTS: EADSY ) profile.
Boeing Pushes Back
Based on the above facts, it's easy to assume that Boeing stock is due for a rough ride. However, the aircraft manufacturer has enough evidence to support a viable defense.
While the company acknowledges an issue with MCAS, they refuse to concede a systemic problem. That is, Flight 610 either suffered a correctable situation, or Lion Air mishandled the MCAS system.
One day before the crash, Lion Air's maintenance team replaced a sensor on the ill-fated airplane. Sure enough, on October 28th, a different flight crew experienced the same nose-down effect that eventually took down Flight 610. This suggests that a defective or improperly-installed sensor disrupted the MCAS system.
Furthermore, the October 28th flight crew managed to correct the incident by manually shutting off all automated flight features. This returned complete control to the pilots, who then landed without further drama. To Boeing's point, such action is a standard emergency procedure.
Experts find it inconceivable that the Flight 610 crew didn't immediately switch to manual mode. Instead, they wrestled with the computer to their demise. Plus, the prior day's scare should have immediately grounded the airplane for a full inspection.
Ask any flyer: they'd rather be late than be dead.
BA stock on Shaky Ground
Having assessed the available facts, my opinion is that Boeing has the weaker case. In any accident, the key word is mitigation.
Boeing failed to communicate the MCAS installation. As a result, they failed to inform proper procedures to take if MCAS malfunctioned. Instead, they relied on individual pilot skill and instincts to resolve any issues. They didn't do everything they could to avoid such a tragic outcome.
7 Dividend Aristocrats to Buy for 2019
Critically, it's not just Lion Air voicing complaints. Southwest has chimed in, as did American Airlines (NASDAQ: AAL ). While BA stock has experienced strong performances in late November, I'm not sure if the bullishness will hold up. This matter has ugly written all over it.
As of this writing, Josh Enomoto did not hold a position in any of the aforementioned securities.
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The post Boeing Stock Will Face Further Correction After the Lion Air Tragedy appeared first on InvestorPlace .
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Southwest has chimed in, as did American Airlines (NASDAQ: AAL ). According to a preliminary report released by investigators last week, a mechanism known as Maneuvering Characteristics Augmentation System, or MCAS, malfunctioned, pushing the doomed airliner's nose downward more than 20 times. 7 Big Data Stocks to Buy for 2019 Even worse, airline pilots alleged that Boeing installed MCAS in the 737 Max without informing the companies flying the plane.
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Southwest has chimed in, as did American Airlines (NASDAQ: AAL ). According to a preliminary report released by investigators last week, a mechanism known as Maneuvering Characteristics Augmentation System, or MCAS, malfunctioned, pushing the doomed airliner's nose downward more than 20 times. 7 Big Data Stocks to Buy for 2019 Even worse, airline pilots alleged that Boeing installed MCAS in the 737 Max without informing the companies flying the plane.
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Southwest has chimed in, as did American Airlines (NASDAQ: AAL ). InvestorPlace - Stock Market News, Stock Advice & Trading Tips Thanks to its robust civilian airline business and a very respectable military presence, Boeing (NYSE: BA ) offers significant stability for investors. 7 Big Data Stocks to Buy for 2019 Even worse, airline pilots alleged that Boeing installed MCAS in the 737 Max without informing the companies flying the plane.
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Southwest has chimed in, as did American Airlines (NASDAQ: AAL ). In Flight 610's case, that system is the aforementioned MCAS. Especially damning for BA stock is that neither Boeing nor Lion Air dispute this.
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cbe291d4-dd5d-4b14-b094-af1b8f5be749
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6847.0
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2018-12-07 00:00:00 UTC
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Friday Sector Laggards: Department Stores, Airlines
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AAL
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https://www.nasdaq.com/articles/friday-sector-laggards-department-stores-airlines-2018-12-07
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nan
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nan
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In trading on Friday, department stores shares were relative laggards, down on the day by about 3.8%. Helping drag down the group were shares of Big Lots ( BIG ), down about 23.4% and shares of Hudson ( HUD ) down about 9.4% on the day.
Also lagging the market Friday are airlines shares, down on the day by about 3.8% as a group, led down by Hawaiian Holdings ( HA ), trading lower by about 9.4% and American Airlines Group ( AAL ), trading lower by about 8.3%.
VIDEO: Friday Sector Laggards: Department Stores, Airlines
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Also lagging the market Friday are airlines shares, down on the day by about 3.8% as a group, led down by Hawaiian Holdings ( HA ), trading lower by about 9.4% and American Airlines Group ( AAL ), trading lower by about 8.3%. In trading on Friday, department stores shares were relative laggards, down on the day by about 3.8%. VIDEO: Friday Sector Laggards: Department Stores, Airlines The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Also lagging the market Friday are airlines shares, down on the day by about 3.8% as a group, led down by Hawaiian Holdings ( HA ), trading lower by about 9.4% and American Airlines Group ( AAL ), trading lower by about 8.3%. In trading on Friday, department stores shares were relative laggards, down on the day by about 3.8%. VIDEO: Friday Sector Laggards: Department Stores, Airlines The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Also lagging the market Friday are airlines shares, down on the day by about 3.8% as a group, led down by Hawaiian Holdings ( HA ), trading lower by about 9.4% and American Airlines Group ( AAL ), trading lower by about 8.3%. VIDEO: Friday Sector Laggards: Department Stores, Airlines The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Also lagging the market Friday are airlines shares, down on the day by about 3.8% as a group, led down by Hawaiian Holdings ( HA ), trading lower by about 9.4% and American Airlines Group ( AAL ), trading lower by about 8.3%. In trading on Friday, department stores shares were relative laggards, down on the day by about 3.8%. Helping drag down the group were shares of Big Lots ( BIG ), down about 23.4% and shares of Hudson ( HUD ) down about 9.4% on the day.
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e2bf4a91-40f9-48a8-ace5-0226a05f516a
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6848.0
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2018-12-06 00:00:00 UTC
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The Zacks Analyst Blog Highlights: United Continental, Copa, Delta, Ryanair and American Airlines
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AAL
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https://www.nasdaq.com/articles/the-zacks-analyst-blog-highlights%3A-united-continental-copa-delta-ryanair-and-american
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nan
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nan
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For Immediate Release
Chicago, IL -December 6, 2018 - 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: United Continental HoldingsUAL, Copa HoldingsCPA , Delta Air LinesDAL , Ryanair HoldingsRYAAY and American Airlines GroupAAL .
Here are highlights from Wednesday's Analyst Blog:
Airline Stock Roundup: UAL, DAL, RYAAY and More
In the past week, United Continental Holdings'subsidiary - United Airlines - expanded its partnership with Copa Holdings and Avianca to strengthen its Latin American presence. On government's approval, this customer-friendly joint business agreement (JBA) is anticipated to create more opportunities related to economic development.
Delta Air Lines also grabbed headlines by virtue of its tepid unit revenue outlook for the fourth quarter of 2018. The carrier now expects unit revenues to grow approximately 3.5% year over year in the October-December period. The previous outlook had projected fourth-quarter unit revenues to increase in the 3-5% band.
Meanwhile, Ryanair Holdings, which has been plagued by labor-related issues for quite some time, received encouraging tidings on the labor front. Notably, this European low-cost carrier reached a preliminary agreement with a union covering its German pilots to ink collective labor deals by early next year.
(Read the last Airline Stock Roundup for Nov 28, 2018 )
Recap of the Past Week's Most Important Stories
1. The proposed JBA between United Airlines, Copa Holdings and Avianca is anticipated to facilitate travel experience between the United States and 19 countries in Central and South America. The joint venture will allow U.S. passengers to enjoy a smooth connectivity to Latin America with new nonstop routes and ramped up services on the existing ones apart from reduced travel time. (Read more: United Continental Arm Inks Deal to Boost Latin American Base ).
2. At Ryanair, November traffic (including 0.3 million from its LaudaMotion unit) rose 11% year over year to 10.4 million. However, load factor remained unaltered at 96%. Passenger growth, excluding traffic from LaudaMotion unit, was only 8% in the month.
According to the traffic report, more than 88% of Ryanair's flights arrived on time. Additionally, the deal with pilots has ensured that there will be no strikes in Germany at Ryanair. (Read more: Ryanair's November Traffic Rises Amid Low Airfares ).
3. At Delta, November's consolidated traffic - measured in revenue passenger miles (RPMs) - came in at 16.83 billion, up 4.2% year over year. Meanwhile, consolidated capacity (or available seat miles/ASMs) climbed 3.8% to 19.62 billion. Moreover, consolidated load factor or percentage of seats filled by passengers expanded 40 basis points (bps) to 85.8% as traffic growth exceeded capacity expansion.
The carrier also recorded an on-time performance (mainline) of 83.2% and a completion factor (mainline) of 99.9%. Approximately, 15.5 million passengers boarded Delta in the month.
For fourth-quarter 2018, the company anticipates earnings per share at the high-end of the guided range of $1.10 - $1.30. The Zacks Consensus Estimate for the same stands at $1.23. Revenues (excluding third party refinery sales) are now estimated to augment approximately 7.5% in the ongoing quarter. However, this projection is slightly lower than the previous view of an 8% increase. During the same period, Delta expects to generate higher pre-tax margins owing to dwindling oil prices and its measures to curb non-fuel costs.
Delta carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here .
4. At American Airlines Group, the issue involving a 67-year-old woman, Olimpia Warsaw, took an ugly turn with the carrier contesting the claims of the elderly passenger's family that she was left alone overnight at Chicago's O'Hare International Airport following the cancellation of her flight on Nov 30, 2018.
After investigating the claims, American Airlines reportedly said that closed-circuit television footage of the event showed that the woman was alone for a little more than an hour after the Detroit-bound flight was cancelled. Per the footage, the lady used a walker twice to go outside to smoke during the time.
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
Copa Holdings, S.A. (CPA): Free Stock Analysis Report
United Continental Holdings, Inc. (UAL): Free Stock Analysis Report
Ryanair Holdings PLC (RYAAY): 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: United Continental HoldingsUAL, Copa HoldingsCPA , Delta Air LinesDAL , Ryanair HoldingsRYAAY and American Airlines GroupAAL . Click to get this free report Delta Air Lines, Inc. (DAL): Free Stock Analysis Report Copa Holdings, S.A. (CPA): Free Stock Analysis Report United Continental Holdings, Inc. (UAL): Free Stock Analysis Report Ryanair Holdings PLC (RYAAY): Free Stock Analysis Report American Airlines Group Inc. (AAL): Free Stock Analysis Report To read this article on Zacks.com click here. Notably, this European low-cost carrier reached a preliminary agreement with a union covering its German pilots to ink collective labor deals by early next year.
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Stocks recently featured in the blog include: United Continental HoldingsUAL, Copa HoldingsCPA , Delta Air LinesDAL , Ryanair HoldingsRYAAY and American Airlines GroupAAL . Click to get this free report Delta Air Lines, Inc. (DAL): Free Stock Analysis Report Copa Holdings, S.A. (CPA): Free Stock Analysis Report United Continental Holdings, Inc. (UAL): Free Stock Analysis Report Ryanair Holdings PLC (RYAAY): 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: Airline Stock Roundup: UAL, DAL, RYAAY and More In the past week, United Continental Holdings'subsidiary - United Airlines - expanded its partnership with Copa Holdings and Avianca to strengthen its Latin American presence.
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Click to get this free report Delta Air Lines, Inc. (DAL): Free Stock Analysis Report Copa Holdings, S.A. (CPA): Free Stock Analysis Report United Continental Holdings, Inc. (UAL): Free Stock Analysis Report Ryanair Holdings PLC (RYAAY): Free Stock Analysis Report American Airlines Group Inc. (AAL): Free Stock Analysis Report To read this article on Zacks.com click here. Stocks recently featured in the blog include: United Continental HoldingsUAL, Copa HoldingsCPA , Delta Air LinesDAL , Ryanair HoldingsRYAAY and American Airlines GroupAAL . Here are highlights from Wednesday's Analyst Blog: Airline Stock Roundup: UAL, DAL, RYAAY and More In the past week, United Continental Holdings'subsidiary - United Airlines - expanded its partnership with Copa Holdings and Avianca to strengthen its Latin American presence.
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Stocks recently featured in the blog include: United Continental HoldingsUAL, Copa HoldingsCPA , Delta Air LinesDAL , Ryanair HoldingsRYAAY and American Airlines GroupAAL . Click to get this free report Delta Air Lines, Inc. (DAL): Free Stock Analysis Report Copa Holdings, S.A. (CPA): Free Stock Analysis Report United Continental Holdings, Inc. (UAL): Free Stock Analysis Report Ryanair Holdings PLC (RYAAY): Free Stock Analysis Report American Airlines Group Inc. (AAL): Free Stock Analysis Report To read this article on Zacks.com click here. According to the traffic report, more than 88% of Ryanair's flights arrived on time.
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7fdc3bdd-861b-4d38-80bb-64b1d7e714b9
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6849.0
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2018-12-05 00:00:00 UTC
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Airline Stock Roundup: UAL to Boost Latin American Base, RYAAY & DAL in Focus
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AAL
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https://www.nasdaq.com/articles/airline-stock-roundup%3A-ual-to-boost-latin-american-base-ryaay-dal-in-focus-2018-12-05
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nan
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nan
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In the past week, United Continental Holdings' UAL subsidiary - United Airlines - expanded its partnership with Copa Holdings CPA and Avianca to strengthen its Latin American presence. On government's approval, this customer-friendly joint business agreement (JBA) is anticipated to create more opportunities related to economic development.
Delta Air Lines DAL also grabbed headlines by virtue of its tepid unit revenue outlook for the fourth quarter of 2018. The carrier now expects unit revenues to grow approximately 3.5% year over year in the October-December period. The previous outlook had projected fourth-quarter unit revenues to increase in the 3-5% band.
Meanwhile, Ryanair Holdings RYAAY , which has been plagued by labor-related issues for quite some time, received encouraging tidings on the labor front. Notably, this European low-cost carrier reached a preliminary agreement with a union covering its German pilots to ink collective labor deals by early next year.
(Read the last Airline Stock Roundup for Nov 28, 2018 )
Recap of the Past Week's Most Important Stories
1. The proposed JBA between United Airlines, Copa Holdings and Avianca is anticipated to facilitate travel experience between the United States and 19 countries in Central and South America. The joint venture will allow U.S. passengers to enjoy a smooth connectivity to Latin America with new nonstop routes and ramped up services on the existing ones apart from reduced travel time. (Read more: United Continental Arm Inks Deal to Boost Latin American Base ).
2. At Ryanair, November traffic (including 0.3 million from its LaudaMotion unit) rose 11% year over year to 10.4 million. However, load factor remained unaltered at 96%. Passenger growth, excluding traffic from LaudaMotion unit, was only 8% in the month.
According to the traffic report, more than 88% of Ryanair's flights arrived on time. Additionally, the deal with pilots has ensured that there will be no strikes in Germany at Ryanair. (Read more: Ryanair's November Traffic Rises Amid Low Airfares ).
3. At Delta, November's consolidated traffic - measured in revenue passenger miles (RPMs) - came in at 16.83 billion, up 4.2% year over year. Meanwhile, consolidated capacity (or available seat miles/ASMs) climbed 3.8% to 19.62 billion. Moreover, consolidated load factor or percentage of seats filled by passengers expanded 40 basis points (bps) to 85.8% as traffic growth exceeded capacity expansion.
The carrier also recorded an on-time performance (mainline) of 83.2% and a completion factor (mainline) of 99.9%. Approximately, 15.5 million passengers boarded Delta in the month.
For fourth-quarter 2018, the company anticipates earnings per share at the high-end of the guided range of $1.10 - $1.30. The Zacks Consensus Estimate for the same stands at $1.23. Revenues (excluding third party refinery sales) are now estimated to augment approximately 7.5% in the ongoing quarter. However, this projection is slightly lower than the previous view of an 8% increase. During the same period, Delta expects to generate higher pre-tax margins owing to dwindling oil prices and its measures to curb non-fuel costs.
Delta carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here .
4. At American Airlines Group AAL , the issue involving a 67-year-old woman, Olimpia Warsaw, took an ugly turn with the carrier contesting the claims of the elderly passenger's family that she was left alone overnight at Chicago's O'Hare International Airport following the cancellation of her flight on Nov 30, 2018.
After investigating the claims, American Airlines reportedly said that closed-circuit television footage of the event showed that the woman was alone for a little more than an hour after the Detroit-bound flight was cancelled. Per the footage, the lady used a walker twice to go outside to smoke during the time.
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 most airline stocks traded in the red in the past week leading to the NYSE ARCA Airline Index's 1% decline. The sector tracker was hurt by Delta's bearish fourth-quarter unit revenue guidance. Over the last six months, the NYSE ARCA Airline Index shed 0.6% of its value.
What's Next in the Airline Space?
Investors would look forward to November traffic reports from the likes of Southwest Airlines LUV and Hawaiian Holdings HA in the coming days.
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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
Delta Air Lines, Inc. (DAL): Free Stock Analysis Report
Ryanair Holdings PLC (RYAAY): Free Stock Analysis Report
American Airlines Group Inc. (AAL): Free Stock Analysis Report
United Continental Holdings, Inc. (UAL): Free Stock Analysis Report
Copa Holdings, S.A. (CPA): Free Stock Analysis Report
Southwest Airlines Co. (LUV): 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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At American Airlines Group AAL , the issue involving a 67-year-old woman, Olimpia Warsaw, took an ugly turn with the carrier contesting the claims of the elderly passenger's family that she was left alone overnight at Chicago's O'Hare International Airport following the cancellation of her flight on Nov 30, 2018. Click to get this free report Delta Air Lines, Inc. (DAL): Free Stock Analysis Report Ryanair Holdings PLC (RYAAY): Free Stock Analysis Report American Airlines Group Inc. (AAL): Free Stock Analysis Report United Continental Holdings, Inc. (UAL): Free Stock Analysis Report Copa Holdings, S.A. (CPA): Free Stock Analysis Report Southwest Airlines Co. (LUV): Free Stock Analysis Report Hawaiian Holdings, Inc. (HA): Free Stock Analysis Report To read this article on Zacks.com click here. Notably, this European low-cost carrier reached a preliminary agreement with a union covering its German pilots to ink collective labor deals by early next year.
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Click to get this free report Delta Air Lines, Inc. (DAL): Free Stock Analysis Report Ryanair Holdings PLC (RYAAY): Free Stock Analysis Report American Airlines Group Inc. (AAL): Free Stock Analysis Report United Continental Holdings, Inc. (UAL): Free Stock Analysis Report Copa Holdings, S.A. (CPA): Free Stock Analysis Report Southwest Airlines Co. (LUV): Free Stock Analysis Report Hawaiian Holdings, Inc. (HA): Free Stock Analysis Report To read this article on Zacks.com click here. At American Airlines Group AAL , the issue involving a 67-year-old woman, Olimpia Warsaw, took an ugly turn with the carrier contesting the claims of the elderly passenger's family that she was left alone overnight at Chicago's O'Hare International Airport following the cancellation of her flight on Nov 30, 2018. In the past week, United Continental Holdings' UAL subsidiary - United Airlines - expanded its partnership with Copa Holdings CPA and Avianca to strengthen its Latin American presence.
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Click to get this free report Delta Air Lines, Inc. (DAL): Free Stock Analysis Report Ryanair Holdings PLC (RYAAY): Free Stock Analysis Report American Airlines Group Inc. (AAL): Free Stock Analysis Report United Continental Holdings, Inc. (UAL): Free Stock Analysis Report Copa Holdings, S.A. (CPA): Free Stock Analysis Report Southwest Airlines Co. (LUV): Free Stock Analysis Report Hawaiian Holdings, Inc. (HA): Free Stock Analysis Report To read this article on Zacks.com click here. At American Airlines Group AAL , the issue involving a 67-year-old woman, Olimpia Warsaw, took an ugly turn with the carrier contesting the claims of the elderly passenger's family that she was left alone overnight at Chicago's O'Hare International Airport following the cancellation of her flight on Nov 30, 2018. In the past week, United Continental Holdings' UAL subsidiary - United Airlines - expanded its partnership with Copa Holdings CPA and Avianca to strengthen its Latin American presence.
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At American Airlines Group AAL , the issue involving a 67-year-old woman, Olimpia Warsaw, took an ugly turn with the carrier contesting the claims of the elderly passenger's family that she was left alone overnight at Chicago's O'Hare International Airport following the cancellation of her flight on Nov 30, 2018. Click to get this free report Delta Air Lines, Inc. (DAL): Free Stock Analysis Report Ryanair Holdings PLC (RYAAY): Free Stock Analysis Report American Airlines Group Inc. (AAL): Free Stock Analysis Report United Continental Holdings, Inc. (UAL): Free Stock Analysis Report Copa Holdings, S.A. (CPA): Free Stock Analysis Report Southwest Airlines Co. (LUV): Free Stock Analysis Report Hawaiian Holdings, Inc. (HA): Free Stock Analysis Report To read this article on Zacks.com click here. In the past week, United Continental Holdings' UAL subsidiary - United Airlines - expanded its partnership with Copa Holdings CPA and Avianca to strengthen its Latin American presence.
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8bbed479-261c-4534-9156-eb1acd465fd6
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6850.0
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2018-12-04 00:00:00 UTC
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Why These Top Airline Stocks Slumped Today
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AAL
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https://www.nasdaq.com/articles/why-these-top-airline-stocks-slumped-today-2018-12-04
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nan
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nan
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What happened
As a broad-market sell-off caused the S&P 500 (NYSEMKT: SPY) to tumble 3.3% and the iShares Transportation Average ETF (NYSEMKT: IYT) to falter 4.4% on Tuesday, shares in Alaska Air (NYSE: ALK) fell 3.9%, while American Airlines (NASDAQ: AAL) fell 7.5% and Delta Air (NYSE: DAL) fell 5.3%.
The only one of these airlines to report significant news today was Delta, which updated investors on November airline traffic figures and issued quarterly guidance that appears to have disappointed investors.
So what
In November, Delta's revenue passenger miles (RPM) grew 4.2%, as domestic RPMs increased 4.5% and international RPMs increased 3.6%. Based on that performance, Delta now expects quarterly unit revenue to climb 3.5%, which is only at the low end of of its 3% to 5% growth forecast, and it sees top-line sales growth of 7.5%, which is roughly in line with its guidance for about an 8% increase.
Delta also said declining oil prices this quarter should allow it to deliver earnings per share at the high end of its $1.10-to-$1.30 guidance. The United States Oil Fund (NYSEMKT: USO) , which tracks West Texas crude prices, has dropped to $11.18 from over $16 in early October.
In addition to Delta's mixed message, the industry could also be reacting to stern talk from Republican senators regarding Saudi Arabia, the world's largest oil producer, following a briefing from CIA director Gina Haspel on journalist Jamal Kashoggi, who was killed in October inside the Saudi consulate in Istanbul.
Last week, President Trump's administration hosted a meeting with key senators to discuss Kashoggi's death and the importance of maintaining positive relations with Saudi Arabia. Conspicuously absent from this meeting, however, was Haspel.
Haspel finally briefed Republican lawmakers today. Following that meeting, high-profile GOP Sens. Lindsay Graham and Bob Corker made comments suggesting U.S.-Saudi relations could become strained. Both men said they believe Saudi Crown Prince Mohammed bin Salman is complicit in Kashoggi's death.
If tensions mount, it could cause oil and jet fuel prices to climb. The United States Oil Fund lost less than 1% of its value today, significantly outperforming the S&P 500, and it's now up 4.9% since Nov. 28.
Now what
There's worry that cyclical industries, including airlines, could face tough times if rising interest rates cause a slowdown in the economy, but there's little evidence of weakness yet, even though the Federal Reserve has increased rates three times this year and is signaling that more increases are likely. Increasing jet fuel prices are a more pressing threat to industry profit, because jet fuel accounts for 21% of airline expenses industrywide, according to the International Air Transport Association.
For now, the industry continues to enjoy significant profits because of strong demand and low fuel costs. That's attracted the attention of high-profile investors, including Warren Buffett . But investors will want to watch these companies carefully, because that could all change in the future.
10 stocks we like better than Delta Air Lines
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Todd Campbell has no position in any of the stocks mentioned. The Motley Fool owns shares of Delta Air Lines. The Motley Fool recommends Alaska Air Group. The Motley Fool has a disclosure policy .
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and 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 As a broad-market sell-off caused the S&P 500 (NYSEMKT: SPY) to tumble 3.3% and the iShares Transportation Average ETF (NYSEMKT: IYT) to falter 4.4% on Tuesday, shares in Alaska Air (NYSE: ALK) fell 3.9%, while American Airlines (NASDAQ: AAL) fell 7.5% and Delta Air (NYSE: DAL) fell 5.3%. The United States Oil Fund (NYSEMKT: USO) , which tracks West Texas crude prices, has dropped to $11.18 from over $16 in early October. In addition to Delta's mixed message, the industry could also be reacting to stern talk from Republican senators regarding Saudi Arabia, the world's largest oil producer, following a briefing from CIA director Gina Haspel on journalist Jamal Kashoggi, who was killed in October inside the Saudi consulate in Istanbul.
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What happened As a broad-market sell-off caused the S&P 500 (NYSEMKT: SPY) to tumble 3.3% and the iShares Transportation Average ETF (NYSEMKT: IYT) to falter 4.4% on Tuesday, shares in Alaska Air (NYSE: ALK) fell 3.9%, while American Airlines (NASDAQ: AAL) fell 7.5% and Delta Air (NYSE: DAL) fell 5.3%. The United States Oil Fund (NYSEMKT: USO) , which tracks West Texas crude prices, has dropped to $11.18 from over $16 in early October. The Motley Fool owns shares of Delta Air Lines.
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What happened As a broad-market sell-off caused the S&P 500 (NYSEMKT: SPY) to tumble 3.3% and the iShares Transportation Average ETF (NYSEMKT: IYT) to falter 4.4% on Tuesday, shares in Alaska Air (NYSE: ALK) fell 3.9%, while American Airlines (NASDAQ: AAL) fell 7.5% and Delta Air (NYSE: DAL) fell 5.3%. The only one of these airlines to report significant news today was Delta, which updated investors on November airline traffic figures and issued quarterly guidance that appears to have disappointed investors. In addition to Delta's mixed message, the industry could also be reacting to stern talk from Republican senators regarding Saudi Arabia, the world's largest oil producer, following a briefing from CIA director Gina Haspel on journalist Jamal Kashoggi, who was killed in October inside the Saudi consulate in Istanbul.
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What happened As a broad-market sell-off caused the S&P 500 (NYSEMKT: SPY) to tumble 3.3% and the iShares Transportation Average ETF (NYSEMKT: IYT) to falter 4.4% on Tuesday, shares in Alaska Air (NYSE: ALK) fell 3.9%, while American Airlines (NASDAQ: AAL) fell 7.5% and Delta Air (NYSE: DAL) fell 5.3%. In addition to Delta's mixed message, the industry could also be reacting to stern talk from Republican senators regarding Saudi Arabia, the world's largest oil producer, following a briefing from CIA director Gina Haspel on journalist Jamal Kashoggi, who was killed in October inside the Saudi consulate in Istanbul. Increasing jet fuel prices are a more pressing threat to industry profit, because jet fuel accounts for 21% of airline expenses industrywide, according to the International Air Transport Association.
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ea97f3ae-fb43-4c66-b808-1142e563e16b
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6851.0
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2018-12-04 00:00:00 UTC
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Notable Tuesday Option Activity: AAL, LNG, TOWN
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AAL
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https://www.nasdaq.com/articles/notable-tuesday-option-activity-aal-lng-town-2018-12-04
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nan
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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 American Airlines Group Inc (Symbol: AAL), where a total volume of 49,422 contracts has been traded thus far today, a contract volume which is representative of approximately 4.9 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 58.3% of AAL's average daily trading volume over the past month, of 8.5 million shares. Especially high volume was seen for the $38 strike call option expiring December 21, 2018 , with 6,492 contracts trading so far today, representing approximately 649,200 underlying shares of AAL. Below is a chart showing AAL's trailing twelve month trading history, with the $38 strike highlighted in orange:
Cheniere Energy Inc. (Symbol: LNG) saw options trading volume of 12,737 contracts, representing approximately 1.3 million underlying shares or approximately 53.5% of LNG's average daily trading volume over the past month, of 2.4 million shares. Especially high volume was seen for the $50 strike put option expiring January 18, 2019 , with 4,934 contracts trading so far today, representing approximately 493,400 underlying shares of LNG. Below is a chart showing LNG's trailing twelve month trading history, with the $50 strike highlighted in orange:
And TowneBank (Symbol: TOWN) options are showing a volume of 555 contracts thus far today. That number of contracts represents approximately 55,500 underlying shares, working out to a sizeable 53.3% of TOWN's average daily trading volume over the past month, of 104,125 shares. Especially high volume was seen for the $30 strike call option expiring June 21, 2019 , with 450 contracts trading so far today, representing approximately 45,000 underlying shares of TOWN. Below is a chart showing TOWN's trailing twelve month trading history, with the $30 strike highlighted in orange:
For the various different available expirations for AAL options , LNG options , or TOWN 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 strike call option expiring December 21, 2018 , with 6,492 contracts trading so far today, representing approximately 649,200 underlying shares of AAL. Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in American Airlines Group Inc (Symbol: AAL), where a total volume of 49,422 contracts has been traded thus far today, a contract volume which is representative of approximately 4.9 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 58.3% of AAL's average daily trading volume over the past month, of 8.5 million shares.
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Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in American Airlines Group Inc (Symbol: AAL), where a total volume of 49,422 contracts has been traded thus far today, a contract volume which is representative of approximately 4.9 million underlying shares (given that every 1 contract represents 100 underlying shares). Below is a chart showing AAL's trailing twelve month trading history, with the $38 strike highlighted in orange: Cheniere Energy Inc. (Symbol: LNG) saw options trading volume of 12,737 contracts, representing approximately 1.3 million underlying shares or approximately 53.5% of LNG's average daily trading volume over the past month, of 2.4 million shares. That number works out to 58.3% of AAL's average daily trading volume over the past month, of 8.5 million shares.
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Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in American Airlines Group Inc (Symbol: AAL), where a total volume of 49,422 contracts has been traded thus far today, a contract volume which is representative of approximately 4.9 million underlying shares (given that every 1 contract represents 100 underlying shares). Below is a chart showing AAL's trailing twelve month trading history, with the $38 strike highlighted in orange: Cheniere Energy Inc. (Symbol: LNG) saw options trading volume of 12,737 contracts, representing approximately 1.3 million underlying shares or approximately 53.5% of LNG's average daily trading volume over the past month, of 2.4 million shares. That number works out to 58.3% of AAL's average daily trading volume over the past month, of 8.5 million shares.
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Below is a chart showing AAL's trailing twelve month trading history, with the $38 strike highlighted in orange: Cheniere Energy Inc. (Symbol: LNG) saw options trading volume of 12,737 contracts, representing approximately 1.3 million underlying shares or approximately 53.5% of LNG's average daily trading volume over the past month, of 2.4 million shares. Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in American Airlines Group Inc (Symbol: AAL), where a total volume of 49,422 contracts has been traded thus far today, a contract volume which is representative of approximately 4.9 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 58.3% of AAL's average daily trading volume over the past month, of 8.5 million shares.
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754742da-f6e1-48b6-aa69-faea1d39c157
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6852.0
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2018-12-03 00:00:00 UTC
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Zacks.com featured highlights include: ArcBest, EnLink, American Airlines, Avis Budget and California Resources
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AAL
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https://www.nasdaq.com/articles/zacks.com-featured-highlights-include%3A-arcbest-enlink-american-airlines-avis-budget-and
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nan
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nan
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For Immediate Release
Chicago, IL - December 3, 2018 - Stocks in this week's article are ArcBest Corp.ARCB , EnLink MidstreamENLC , American Airlines GroupAAL , Avis Budget GroupCAR and California Resources Corp.CRC .
5 Broker-Friendly Stocks to Tide Over Market Volatility
The Q3 earnings season, which is over for most of the 16 Zacks sectors, has unveiled a rosy picture with many companies reporting better-than-expected earnings. According to the latest Earnings Outlook , 78.7% of the 488 S&P 500 companies that have reported thus far having outperformed earnings estimates.
This is highly encouraging as an earnings beat generally leads to stock price appreciation. Investors like to add outperformers to their portfolios, which can fetch them handsome returns
Market Volatility on the Rise
Despite the impressive Q3 performance, the U.S. equity market has been witnessing a roller coaster ride over the past two months. While trade-related tensions with China continue to be a source of worry, expectations of higher interest rates in the near future and plunging crude oil prices have also increased investors' concern. Moreover, the decline in technology stocks has further added to concerns.
The heightened volatility is reflected in the significant increase in the CBOE Volatility Index (VIX).
Proper Guidance - A Must in this Scenario
With market participants gripped by fears on the one hand and robust earnings numbers on the other, selecting potential winning stocks is a difficult task.
Furthermore, with a huge number of stocks available in the market at any point of time, spotting potential outperformers is by no means an easy task for individual investors. In the absence of proper guidance, identifying a winning stock is akin to searching for 'a needle in a haystack'.
Additionally, with time at a premium these days, it is next to impossible for investors to go through the extensive process. Given this backdrop, it is in the best interest of investors to seek guidance from "experts in the field." The concerned experts are brokers.
Broker Advice to the Rescue
To avoid such confusion, investors, more often than not rely on guidance provided by brokers who are deemed to be experts in the field. The opinion of brokers is highly sought after by investors as they have a clear insight into the nitty gritty of the investment world. Individual investors, more often than not, do not have access to such detailed and well-researched information.
Out of the three types of brokers (sell-side, buy-side and independent) present, sell-side analysts are the most common. They are employed by various brokerage firms to provide unbiased opinion on stocks. Meanwhile, buy-side analysts are employed by hedge funds, mutual funds and others while independent analysts directly sell their reports to investors.
Brokers revise their earnings estimates after carefully examining the pros and cons of an event for the concerned stock. Naturally, their stock related actions (upgrade or downgrade) serve as an invaluable guide as far as fixing target price of stock (s) is concerned.
For the rest of this Screen of the Week article please visit Zacks.com at: https://www.zacks.com/stock/news/340376/5-brokerfriendly-stocks-to-tide-over-market-volatility
Disclosure: Officers, directors and/or employees of Zacks Investment Research may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material. An affiliated investment advisory firm may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material.
About Screen of the Week
Zacks.com created the first and best screening system on the web earning the distinction as the "#1 site for screening stocks" by Money Magazine. But powerful screening tools is just the start. That is why Zacks created the Screen of the Week to highlight profitable stock picking strategies that investors can actively use.
Strong Stocks that Should Be in the News
Many are little publicized and fly under the Wall Street radar. They're virtually unknown to the general public. Yet today's 220 Zacks Rank #1 "Strong Buys" were generated by the stock-picking system that has more than doubled the market from 1988 through 2016. Its average gain has been a stellar +25% per year. See these high-potential stocks free >>.
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Contact: Jim Giaquinto
Company: Zacks.com
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Zacks.com provides investment resources and informs you of these resources, which you may choose to use in making your own investment decisions. Zacks is providing information on this resource to you subject to the Zacks "Terms and Conditions of Service" disclaimer. www.zacks.com/disclaimer .
Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit http://www.zacks.com/performance for information about the performance numbers displayed in this press release.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
American Airlines Group Inc. (AAL): Free Stock Analysis Report
ArcBest Corporation (ARCB): Free Stock Analysis Report
Avis Budget Group, Inc. (CAR): Free Stock Analysis Report
EnLink Midstream, LLC (ENLC): Free Stock Analysis Report
California Resources Corporation (CRC): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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For Immediate Release Chicago, IL - December 3, 2018 - Stocks in this week's article are ArcBest Corp.ARCB , EnLink MidstreamENLC , American Airlines GroupAAL , Avis Budget GroupCAR and California Resources Corp.CRC . Click to get this free report American Airlines Group Inc. (AAL): Free Stock Analysis Report ArcBest Corporation (ARCB): Free Stock Analysis Report Avis Budget Group, Inc. (CAR): Free Stock Analysis Report EnLink Midstream, LLC (ENLC): Free Stock Analysis Report California Resources Corporation (CRC): Free Stock Analysis Report To read this article on Zacks.com click here. While trade-related tensions with China continue to be a source of worry, expectations of higher interest rates in the near future and plunging crude oil prices have also increased investors' concern.
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Click to get this free report American Airlines Group Inc. (AAL): Free Stock Analysis Report ArcBest Corporation (ARCB): Free Stock Analysis Report Avis Budget Group, Inc. (CAR): Free Stock Analysis Report EnLink Midstream, LLC (ENLC): Free Stock Analysis Report California Resources Corporation (CRC): Free Stock Analysis Report To read this article on Zacks.com click here. For Immediate Release Chicago, IL - December 3, 2018 - Stocks in this week's article are ArcBest Corp.ARCB , EnLink MidstreamENLC , American Airlines GroupAAL , Avis Budget GroupCAR and California Resources Corp.CRC . For the rest of this Screen of the Week article please visit Zacks.com at: https://www.zacks.com/stock/news/340376/5-brokerfriendly-stocks-to-tide-over-market-volatility Disclosure: Officers, directors and/or employees of Zacks Investment Research may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material.
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Click to get this free report American Airlines Group Inc. (AAL): Free Stock Analysis Report ArcBest Corporation (ARCB): Free Stock Analysis Report Avis Budget Group, Inc. (CAR): Free Stock Analysis Report EnLink Midstream, LLC (ENLC): Free Stock Analysis Report California Resources Corporation (CRC): Free Stock Analysis Report To read this article on Zacks.com click here. For Immediate Release Chicago, IL - December 3, 2018 - Stocks in this week's article are ArcBest Corp.ARCB , EnLink MidstreamENLC , American Airlines GroupAAL , Avis Budget GroupCAR and California Resources Corp.CRC . 5 Broker-Friendly Stocks to Tide Over Market Volatility The Q3 earnings season, which is over for most of the 16 Zacks sectors, has unveiled a rosy picture with many companies reporting better-than-expected earnings.
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Click to get this free report American Airlines Group Inc. (AAL): Free Stock Analysis Report ArcBest Corporation (ARCB): Free Stock Analysis Report Avis Budget Group, Inc. (CAR): Free Stock Analysis Report EnLink Midstream, LLC (ENLC): Free Stock Analysis Report California Resources Corporation (CRC): Free Stock Analysis Report To read this article on Zacks.com click here. For Immediate Release Chicago, IL - December 3, 2018 - Stocks in this week's article are ArcBest Corp.ARCB , EnLink MidstreamENLC , American Airlines GroupAAL , Avis Budget GroupCAR and California Resources Corp.CRC . Furthermore, with a huge number of stocks available in the market at any point of time, spotting potential outperformers is by no means an easy task for individual investors.
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3d9d7aa9-85bc-4d24-b883-d29eed6c558a
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6853.0
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2018-11-30 00:00:00 UTC
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Nasdaq 100 Movers: MAR, WDAY
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AAL
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https://www.nasdaq.com/articles/nasdaq-100-movers-mar-wday-2018-11-30
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nan
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nan
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In early trading on Friday, shares of Workday topped the list of the day's best performing components of the Nasdaq 100 index, trading up 11.2%. Year to date, Workday registers a 58.8% gain.
And the worst performing Nasdaq 100 component thus far on the day is Marriott International, trading down 4.9%. Marriott International is lower by about 14.6% looking at the year to date performance.
Two other components making moves today are Western Digital, trading down 2.9%, and American Airlines Group, trading up 2.7% on the day.
VIDEO: Nasdaq 100 Movers: MAR, WDAY
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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And the worst performing Nasdaq 100 component thus far on the day is Marriott International, trading down 4.9%. Marriott International is lower by about 14.6% looking at the year to date performance. VIDEO: Nasdaq 100 Movers: MAR, WDAY The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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And the worst performing Nasdaq 100 component thus far on the day is Marriott International, trading down 4.9%. VIDEO: Nasdaq 100 Movers: MAR, WDAY 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 early trading on Friday, shares of Workday topped the list of the day's best performing components of the Nasdaq 100 index, trading up 11.2%. And the worst performing Nasdaq 100 component thus far on the day is Marriott International, trading down 4.9%. VIDEO: Nasdaq 100 Movers: MAR, WDAY The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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And the worst performing Nasdaq 100 component thus far on the day is Marriott International, trading down 4.9%. Marriott International is lower by about 14.6% looking at the year to date performance. VIDEO: Nasdaq 100 Movers: MAR, WDAY The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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645c8825-79c8-47f7-8f36-710df7279c13
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6854.0
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2018-11-29 00:00:00 UTC
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Airline Stocks Soar on Multiple Tailwinds: What Lies Ahead?
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AAL
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https://www.nasdaq.com/articles/airline-stocks-soar-multiple-tailwinds-what-lies-ahead-2018-11-29
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nan
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nan
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Airline stocks have mostly remained subdued this year, thanks to surging crude oil prices . With fuel expenses comprising a major chunk of airline expenditure, rise in fuel price certainly does not bode well for the industry.
However, the situation seems to be turning around of late, courtesy of some noteworthy tailwinds.
Let's delve into the factors responsible for the optimism.
Dwindling Crude Oil Prices
Oil prices have been declining lately due to fears of oversupply and a weakening demand outlook. Mid-November, the price of the commodity dropped almost 20% from the October highs. Clearly, this fall in oil prices has brought huge respite to the airline industry that has struggled with low bottom-line growth for the most part of 2018. As recently as in the third quarter of 2018, earnings per share of the likes of Alaska Air Group ALK and American Airlines Group AAL declined year over year due to high fuel costs.
Solid Demand for Air Travel
With the U.S. economy improving and consumer confidence remaining strong, more Americans are taking vacations, inducing growing demand for air travel. Further, affordable air fares in addition to a much-improved job market and rising disposable income, have provided an added incentive to opt for air travel. The bullish scenario is evident from heavy traffic during this year's Thanksgiving travel period. Major U.S. airline, Delta Air Lines DAL witnessed record November traffic of more than 2.3 million customers during Nov 21-Nov 25.
Bullish Q4 Projections
Most recently, U.S. carriers Spirit Airlines SAVE and Alaska Air Group provided upbeat projections for the fourth quarter of 2018. Spirit now expects total revenue per available seat miles (TRASM: a key measure of unit revenues) to increase approximately 11% year over year (the earlier view had called for this metric to increase approximately 6%). (Read more: Spirit Airlines Hikes Q4 TRASM Projection, Stock Up )
Meanwhile, Alaska Air Group now expects fourth-quarter revenue per available seat mile between 12.60 cents and 12.80 cents, reflecting an increase of 3-5% (the earlier view had predicted this metric in the 12.40-12.60 cents range). Non-fuel unit costs for the fourth quarter of 2018 are still predicted between 8.97 cents and 9.01 cents, indicating expansion of approximately 3.6%. Economic fuel cost is now projected at $2.33 per gallon compared with $2.36 estimated earlier.
Following the improved projections, shares of Spirit and Alaska Air Group are flying high with the former closing yesterday's trading session at $62.43, up more than 6%, and the latter ending the same 5.6% higher at $74.74. Moreover, the NYSE ARCA Airline Index gained 2.4% at the close of business on Nov 28.
Improved Price Performance
The buoyancy is well reflected by the Zacks Airline industry's price performance in a month's time. It rallied more than 10% significantly outperforming the Zacks Transportation sector and S&P 500 Index's respective rise of 5.1% and 1.5%.
One Month Price Performance
Additionally, the Zacks Industry Rank of 87 (of 250 plus groups) carried by the Zacks Airline Industry emphasizes the optimistic sentiment. This favorable rank places the companies within the top 34% slot of the Zacks industries.
What's Lies Ahead?
With oil prices exhibiting a downward trend and the winter holiday travel period ahead, we expect airline stocks to fly high. The buoyant demand scenario may prompt other carriers to follow the footsteps of Spirit and Alaska Air Group in raising current-quarter unit revenue forecasts. This is because passenger revenues should continue to grow owing to strong demand.
In fact, travel demand is anticipated to remain strong in the long haul as well. Notably, the International Air Transport Association (IATA) expects 8.2 billion passengers to take the sky route by 2037, doubling from the current levels.
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
Spirit Airlines, Inc. (SAVE): Free Stock Analysis Report
Alaska Air Group, Inc. (ALK): Free Stock Analysis Report
Delta Air Lines, Inc. (DAL): 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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As recently as in the third quarter of 2018, earnings per share of the likes of Alaska Air Group ALK and American Airlines Group AAL declined year over year due to high fuel costs. Click to get this free report Spirit Airlines, Inc. (SAVE): Free Stock Analysis Report Alaska Air Group, Inc. (ALK): Free Stock Analysis Report Delta Air Lines, Inc. (DAL): Free Stock Analysis Report American Airlines Group Inc. (AAL): Free Stock Analysis Report To read this article on Zacks.com click here. Following the improved projections, shares of Spirit and Alaska Air Group are flying high with the former closing yesterday's trading session at $62.43, up more than 6%, and the latter ending the same 5.6% higher at $74.74.
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As recently as in the third quarter of 2018, earnings per share of the likes of Alaska Air Group ALK and American Airlines Group AAL declined year over year due to high fuel costs. Click to get this free report Spirit Airlines, Inc. (SAVE): Free Stock Analysis Report Alaska Air Group, Inc. (ALK): Free Stock Analysis Report Delta Air Lines, Inc. (DAL): Free Stock Analysis Report American Airlines Group Inc. (AAL): Free Stock Analysis Report To read this article on Zacks.com click here. (Read more: Spirit Airlines Hikes Q4 TRASM Projection, Stock Up ) Meanwhile, Alaska Air Group now expects fourth-quarter revenue per available seat mile between 12.60 cents and 12.80 cents, reflecting an increase of 3-5% (the earlier view had predicted this metric in the 12.40-12.60 cents range).
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As recently as in the third quarter of 2018, earnings per share of the likes of Alaska Air Group ALK and American Airlines Group AAL declined year over year due to high fuel costs. Click to get this free report Spirit Airlines, Inc. (SAVE): Free Stock Analysis Report Alaska Air Group, Inc. (ALK): Free Stock Analysis Report Delta Air Lines, Inc. (DAL): Free Stock Analysis Report American Airlines Group Inc. (AAL): Free Stock Analysis Report To read this article on Zacks.com click here. (Read more: Spirit Airlines Hikes Q4 TRASM Projection, Stock Up ) Meanwhile, Alaska Air Group now expects fourth-quarter revenue per available seat mile between 12.60 cents and 12.80 cents, reflecting an increase of 3-5% (the earlier view had predicted this metric in the 12.40-12.60 cents range).
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As recently as in the third quarter of 2018, earnings per share of the likes of Alaska Air Group ALK and American Airlines Group AAL declined year over year due to high fuel costs. Click to get this free report Spirit Airlines, Inc. (SAVE): Free Stock Analysis Report Alaska Air Group, Inc. (ALK): Free Stock Analysis Report Delta Air Lines, Inc. (DAL): Free Stock Analysis Report American Airlines Group Inc. (AAL): Free Stock Analysis Report To read this article on Zacks.com click here. One Month Price Performance Additionally, the Zacks Industry Rank of 87 (of 250 plus groups) carried by the Zacks Airline Industry emphasizes the optimistic sentiment.
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98639780-8c75-4637-a5de-fb921f17e8d7
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6855.0
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2018-11-28 00:00:00 UTC
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American Airlines (AAL) Gains But Lags Market: What You Should Know
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AAL
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https://www.nasdaq.com/articles/american-airlines-aal-gains-but-lags-market%3A-what-you-should-know-2018-11-28
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nan
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nan
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American Airlines (AAL) closed at $38.94 in the latest trading session, marking a +1.7% move from the prior day. This move lagged the S&P 500's daily gain of 2.3%. Meanwhile, the Dow gained 2.5%, and the Nasdaq, a tech-heavy index, added 2.95%.
Prior to today's trading, shares of the world's largest airline had gained 10.47% over the past month. This has outpaced the Transportation sector's gain of 4.59% and the S&P 500's gain of 1.21% in that time.
Investors will be hoping for strength from AAL as it approaches its next earnings release, which is expected to be January 24, 2019. On that day, AAL is projected to report earnings of $1.01 per share, which would represent year-over-year growth of 6.32%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $11.07 billion, up 4.46% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $4.51 per share and revenue of $44.67 billion. These totals would mark changes of -7.58% and +5.84%, respectively, from last 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. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
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. The Zacks Consensus EPS estimate has moved 0.4% lower within the past month. AAL is currently sporting a Zacks Rank of #3 (Hold).
Looking at its valuation, AAL is holding a Forward P/E ratio of 8.49. Its industry sports an average Forward P/E of 13.03, so we one might conclude that AAL is trading at a discount comparatively.
It is also worth noting that AAL currently has a PEG ratio of 1.12. 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. The Transportation - Airline industry currently had an average PEG ratio of 0.69 as of yesterday's close.
The Transportation - Airline industry is part of the Transportation sector. This industry currently has a Zacks Industry Rank of 87, which puts it in the top 34% 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 $38.94 in the latest trading session, marking a +1.7% move from the prior day. Investors will be hoping for strength from AAL as it approaches its next earnings release, which is expected to be January 24, 2019. On that day, AAL is projected to report earnings of $1.01 per share, which would represent year-over-year growth of 6.32%.
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American Airlines (AAL) closed at $38.94 in the latest trading session, marking a +1.7% 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. Investors will be hoping for strength from AAL as it approaches its next earnings release, which is expected to be January 24, 2019.
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American Airlines (AAL) closed at $38.94 in the latest trading session, marking a +1.7% move from the prior day. Investors will be hoping for strength from AAL as it approaches its next earnings release, which is expected to be January 24, 2019. On that day, AAL is projected to report earnings of $1.01 per share, which would represent year-over-year growth of 6.32%.
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American Airlines (AAL) closed at $38.94 in the latest trading session, marking a +1.7% move from the prior day. Investors will be hoping for strength from AAL as it approaches its next earnings release, which is expected to be January 24, 2019. On that day, AAL is projected to report earnings of $1.01 per share, which would represent year-over-year growth of 6.32%.
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628f480b-3fe1-4017-ad47-6a457a582713
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6856.0
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2018-11-27 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-2018-11-27
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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 10.6% of holdings on a weighted basis have experienced insider buying within the past six months.
American Airlines Group Inc (Symbol: AAL), which makes up 0.93% 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 $4,032,848 worth of AAL, making it the #28 largest holding. The table below details the recent insider buying activity observed at AAL:
AAL - last trade: $38.10 - Recent Insider Buys:
And Kellogg Co (Symbol: K), the #30 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 $4,023,772 worth of K, which represents approximately 0.92% of the ETF's total assets at last check. The recent insider buying activity observed at K is detailed in the table below:
K - last trade: $61.50 - 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 0.93% 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: $38.10 - Recent Insider Buys: And Kellogg Co (Symbol: K), the #30 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 $4,032,848 worth of AAL, making it the #28 largest holding.
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American Airlines Group Inc (Symbol: AAL), which makes up 0.93% 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: $38.10 - Recent Insider Buys: And Kellogg Co (Symbol: K), the #30 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 $4,032,848 worth of AAL, making it the #28 largest holding.
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The table below details the recent insider buying activity observed at AAL: AAL - last trade: $38.10 - Recent Insider Buys: And Kellogg Co (Symbol: K), the #30 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 0.93% 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 $4,032,848 worth of AAL, making it the #28 largest holding.
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American Airlines Group Inc (Symbol: AAL), which makes up 0.93% 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 $4,032,848 worth of AAL, making it the #28 largest holding. The table below details the recent insider buying activity observed at AAL: AAL - last trade: $38.10 - Recent Insider Buys: And Kellogg Co (Symbol: K), the #30 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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5ccb1a22-6526-4d4d-a60d-2db1ce8834ff
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6857.0
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2018-11-26 00:00:00 UTC
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Monday’s Vital Data: Exxon Mobil, Bank of America, and American Airlines
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AAL
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https://www.nasdaq.com/articles/mondays-vital-data-exxon-mobil-bank-america-and-american-airlines-2018-11-26
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nan
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nan
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips
U.S. stock futures are trading sharply higher as traders attempt to pare the recent market losses. Last week's sell-fest had driven the S&P 500 to its lowest closing price since April.
Ahead of the bell, futures on the Dow Jones Industrial Average are up 0.96% and S&P 500 futures are higher by 1.05%. Nasdaq-100 futures have added 1.47%.
Despite the lackluster volume, it was puts that dominated over at the CBOE. In fact, the single-session equity put/call volume ratio jumped to 0.85, which was a new high for the fall market correction. The 10-day moving average closed at 0.76 - a new 2018 high.
Options activity was light on Friday. Exxon Mobil (NYSE: XOM ) shares are suffering amid crashing crude oil prices. Bank of America (NYSE: BAC ) calls were active even as its shares fell on the day. Finally, American Airlines (NYSE: AAL ) was flooded with activity amid its unit sale.
Let's take a closer look:
Exxon Mobil (XOM)
The ongoing oil crash is taking a toll on Exxon Mobil. The industry king slid to a new seven-month low on Friday at $75.49 bringing its peak-to-trough losses to 13.6%. Meanwhile, crude oil is fast approaching the $40s after resting close to $80 just last month.
10 Cheap Stocks You Won't Regret Buying
Given the bloodbath in black gold, XOM stock holders should be happy that the damage has been limited to only 13.6% at this point.
The technical posture of Exxon and the broader energy sector remains a mess. Both are submerged beneath all major moving averages suggesting rallies should be viewed with extreme skepticism for now.
On the options trading front, calls slightly outpaced puts on the day. Friday's short session cut activity to 88% of the average daily volume, with 37,161 total contracts traded. 53% of the trading came from call options.
The increased demand drove implied volatility higher on the day to 27% placing it at the 80th percentile of its one-year range. Traders are pricing-in daily moves of 1.7%.
Bank of America (BAC)
Bank of America shares succumbed to the selling pressure on Friday, dipping well into the red. The sole silver lining is it remains well above its October lows even though the S&P 500 Index fell all the way back down to its previous lows. You can chalk this up as a wee bit of strength, at least on a relative basis.
BAC stock remains below every major moving average so sellers are still very much in control of its trend.
On the options trading front, calls ruled the day despite the downturn. Activity ended at 82% of the average daily volume, with 309,705 total contracts traded. Calls accounted for 83% of the day's take.
Implied volatility lifted slightly on the day to 31% placing it at the 63rd percentile of its one-year range. Traders are now pricing in daily moves of 2%.
American Airlines (AAL)
Airline stocks have been holding firm amid the market carnage. And the behavior of American Airlines serves as a good illustration. With Friday's 4.5% upshot, AAL stock has now recovered almost all of the ground lost during October's slide.
Perhaps crashing oil prices are buoying the airliner. Or maybe it's the fact that AAL's peak-to-trough losses for 2018 were approaching 50% and bargain hunters finally entered the fray. Either way, the stock is now back above its 50-day moving average and looking to extend its gains in premarket trading Monday.
On the options trading front, traders came after calls with a vengeance. Activity swelled to 93% of the average daily volume, with 47,147 total contracts traded. 80% of the trading came from call options alone.
Implied volatility ticked higher on the day to 48%, placing it at the 71st percentile of its one-year range. Traders are pricing-in 3% daily moves.
As of this writing, Tyler Craig didn't hold positions in any of the aforementioned securities. Want insightful education on how to trade? Check out his trading blog, Tales of a Technician .
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The post Monday's Vital Data: Exxon Mobil, Bank of America, and American Airlines appeared first on InvestorPlace .
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Finally, American Airlines (NYSE: AAL ) was flooded with activity amid its unit sale. American Airlines (AAL) Airline stocks have been holding firm amid the market carnage. With Friday's 4.5% upshot, AAL stock has now recovered almost all of the ground lost during October's slide.
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American Airlines (AAL) Airline stocks have been holding firm amid the market carnage. Finally, American Airlines (NYSE: AAL ) was flooded with activity amid its unit sale. With Friday's 4.5% upshot, AAL stock has now recovered almost all of the ground lost during October's slide.
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Finally, American Airlines (NYSE: AAL ) was flooded with activity amid its unit sale. American Airlines (AAL) Airline stocks have been holding firm amid the market carnage. With Friday's 4.5% upshot, AAL stock has now recovered almost all of the ground lost during October's slide.
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Finally, American Airlines (NYSE: AAL ) was flooded with activity amid its unit sale. American Airlines (AAL) Airline stocks have been holding firm amid the market carnage. With Friday's 4.5% upshot, AAL stock has now recovered almost all of the ground lost during October's slide.
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1b50173f-2e62-4107-a99c-7fd1db5c1a59
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6858.0
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2018-11-23 00:00:00 UTC
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Market Close Report: NASDAQ Composite index closes at 6,938.98 down -33.27 points
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AAL
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https://www.nasdaq.com/articles/market-close-report-nasdaq-composite-index-closes-693898-down-3327-points-2018-11-23
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nan
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nan
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Friday's session closes with the NASDAQ Composite Index at 6,938.98. The total shares traded for the NASDAQ was over 0.94 billion.
Advancers stocks led declining by 1.14 to 1 ratio. There were 1619 advancers and 1418 decliners for the day. On the NASDAQ Stock Exchange 11 stocks reached a 52 week high and 36 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 -.73% for the day; a total of -48.31 points. The current value is 6,527.35. JD.com, Inc. ( JD ) had the largest percent change down (-5.26%) while American Airlines Group, Inc. ( AAL ) had the largest percent change gain rising 4.52%.
The Dow Jones index closed down -.73% for the day; a total of -178.74 points. The current value is 24,285.95. Chevron Corporation ( CVX ) had the largest percent change down (-3.38%) while United Technologies Corporation ( UTX ) had the largest percent change gain rising 2.65%.
NASDAQ Market Wrap
As of 11/23/2018 1:44:02 PM
BILLIONS OF 0.94 NASDAQ SHARES TRADED TODAY 11 STOCKS REACHED A 52 WEEK HIGH 36 THOSE REACHING LOWS TOTALEDAmerican Airlines Group, Inc. [AAL]TOPS ADVANCERS LISTOF NASDAQ 100 INDEX % 4.52 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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NASDAQ Market Wrap As of 11/23/2018 1:44:02 PM BILLIONS OF 0.94 NASDAQ SHARES TRADED TODAY 11 STOCKS REACHED A 52 WEEK HIGH 36 THOSE REACHING LOWS TOTALEDAmerican Airlines Group, Inc. [AAL]TOPS ADVANCERS LISTOF NASDAQ 100 INDEX % 4.52 ROSE The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. JD.com, Inc. ( JD ) had the largest percent change down (-5.26%) while American Airlines Group, Inc. ( AAL ) had the largest percent change gain rising 4.52%. The Dow Jones index closed down -.73% for the day; a total of -178.74 points.
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JD.com, Inc. ( JD ) had the largest percent change down (-5.26%) while American Airlines Group, Inc. ( AAL ) had the largest percent change gain rising 4.52%. NASDAQ Market Wrap As of 11/23/2018 1:44:02 PM BILLIONS OF 0.94 NASDAQ SHARES TRADED TODAY 11 STOCKS REACHED A 52 WEEK HIGH 36 THOSE REACHING LOWS TOTALEDAmerican Airlines Group, Inc. [AAL]TOPS ADVANCERS LISTOF NASDAQ 100 INDEX % 4.52 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 11 stocks reached a 52 week high and 36 those reaching lows totaled.
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NASDAQ Market Wrap As of 11/23/2018 1:44:02 PM BILLIONS OF 0.94 NASDAQ SHARES TRADED TODAY 11 STOCKS REACHED A 52 WEEK HIGH 36 THOSE REACHING LOWS TOTALEDAmerican Airlines Group, Inc. [AAL]TOPS ADVANCERS LISTOF NASDAQ 100 INDEX % 4.52 ROSE The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. JD.com, Inc. ( JD ) had the largest percent change down (-5.26%) while American Airlines Group, Inc. ( AAL ) had the largest percent change gain rising 4.52%. On the NASDAQ Stock Exchange 11 stocks reached a 52 week high and 36 those reaching lows totaled.
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NASDAQ Market Wrap As of 11/23/2018 1:44:02 PM BILLIONS OF 0.94 NASDAQ SHARES TRADED TODAY 11 STOCKS REACHED A 52 WEEK HIGH 36 THOSE REACHING LOWS TOTALEDAmerican Airlines Group, Inc. [AAL]TOPS ADVANCERS LISTOF NASDAQ 100 INDEX % 4.52 ROSE The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. JD.com, Inc. ( JD ) had the largest percent change down (-5.26%) while American Airlines Group, Inc. ( AAL ) had the largest percent change gain rising 4.52%. There were 1619 advancers and 1418 decliners for the day.
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a0de06d6-0fd0-4d64-a3e9-a16a409de618
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6859.0
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2018-11-21 00:00:00 UTC
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Wednesday 11/21 Insider Buying Report: CBTX, AAL
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AAL
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https://www.nasdaq.com/articles/wednesday-1121-insider-buying-report-cbtx-aal-2018-11-21
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nan
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nan
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Bargain hunters are wise to pay careful attention to insider buying, because although there are many various reasons for an insider to sell a stock, presumably the only reason they would use their hard-earned cash to make a purchase, is that they expect to make money. Today we look at two noteworthy recent insider buys.
On Tuesday, CBTX ( CBTX )'s Director, Joe Penland Sr., made a $1.07M buy of CBTX, purchasing 30,670 shares at a cost of $34.99 each. So far Penland Sr. is down about 0.2% on the purchase, with the stock trading as low as $34.90 at last check today. CBTX is trading up about 0.9% on the day Wednesday. This buy marks the first one filed by Penland Sr. in the past twelve months.
And on Monday, Director Jeffrey D. Benjamin purchased $535,300 worth of American Airlines Group ( AAL ), purchasing 15,000 shares at a cost of $35.69 a piece. American Airlines Group is trading up about 3.5% on the day Wednesday. Benjamin was up about 3.7% on the buy at the high point of today's trading session, with AAL trading as high as $37.00 in trading on Wednesday.
VIDEO: Wednesday 11/21 Insider Buying Report: CBTX, AAL
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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And on Monday, Director Jeffrey D. Benjamin purchased $535,300 worth of American Airlines Group ( AAL ), purchasing 15,000 shares at a cost of $35.69 a piece. Benjamin was up about 3.7% on the buy at the high point of today's trading session, with AAL trading as high as $37.00 in trading on Wednesday. VIDEO: Wednesday 11/21 Insider Buying Report: CBTX, AAL The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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And on Monday, Director Jeffrey D. Benjamin purchased $535,300 worth of American Airlines Group ( AAL ), purchasing 15,000 shares at a cost of $35.69 a piece. VIDEO: Wednesday 11/21 Insider Buying Report: CBTX, AAL The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. Benjamin was up about 3.7% on the buy at the high point of today's trading session, with AAL trading as high as $37.00 in trading on Wednesday.
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Benjamin was up about 3.7% on the buy at the high point of today's trading session, with AAL trading as high as $37.00 in trading on Wednesday. VIDEO: Wednesday 11/21 Insider Buying Report: CBTX, AAL The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. And on Monday, Director Jeffrey D. Benjamin purchased $535,300 worth of American Airlines Group ( AAL ), purchasing 15,000 shares at a cost of $35.69 a piece.
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VIDEO: Wednesday 11/21 Insider Buying Report: CBTX, AAL The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. And on Monday, Director Jeffrey D. Benjamin purchased $535,300 worth of American Airlines Group ( AAL ), purchasing 15,000 shares at a cost of $35.69 a piece. Benjamin was up about 3.7% on the buy at the high point of today's trading session, with AAL trading as high as $37.00 in trading on Wednesday.
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88adb723-efb4-4bd4-bd36-478a5e2b2efa
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6860.0
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2018-11-20 00:00:00 UTC
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American Airlines Pilots Aim for New Contract Talks in 2019
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AAL
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https://www.nasdaq.com/articles/american-airlines-pilots-aim-for-new-contract-talks-in-2019-2018-11-20
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nan
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nan
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In a bid to improve pay structure, pilots at American Airlines GroupAAL are planning to amend the existing contract, inked in 2015, before it becomes due for renewal in early 2020. To this end, Daniel Carey, president of the union (Allied Pilots Association) representing its 15,000 pilots, issued a letter to this Fort Worth, TX-based carrier. Exercising an eye-opener clause in the existing contract, the union asked American Airlinesto commence negotiations in January 2019 for a fresh contract.
The pilots union is hoping that the talks would be fruitful and an "industry-changing agreement" would be in place next year itself. Notably, the 2015 contract increased pilots' wages by 23% immediately and guaranteed a subsequent 3% annual hike. Additionally, in 2017, the carrier announced mid-contract wage hikes for its pilots (8%) and flight attendants (5%).
We remind investors that American Airlines Group was formed following the December 2013 merger between AMR (American Airlines' parent group, which was founded in 1934) and U.S. Airways. The merger took place after a bankruptcy filing by American Airlines. In fact, American Airlines has been hugely profitable after emerging from bankruptcy, garnering total profits of $16.2 billion since 2014.
Going forward, the carrier is likely to continue its profitable run, particularly owing to strong demand for air travel. No wonder, the union believes that the existing five-year contract, "borne out of a desperate era", is "unacceptable and unsustainable." Moreover, according to a Reuters report , the total pay of American Airlines pilots is below their counterparts at Delta Air Lines DAL and United Continental Holdings UAL .
Apart from seeking to improve their wages, the pilots union said that the impending talks would focus on the last-minute schedule changes for on-duty pilots as this practice often increases fatigue levels and damages the morale of the concerned pilots. Consequently, pilots often complain about rescheduling. The talks would focus on improving passenger service as well.
In fact, American Airlines' pilots are not alone in demanding an amendment to the existing contract. The carrier's flight attendants, through their union - Association of Professional Flight Attendants - made a request on similar lines earlier this month. The existing contract for flight attendants is due for amendment in December 2019.
With so much to look forward to, investors keenly await updates on the labor front at American Airlines.
American Airlines Group Inc. Price
American Airlines Group Inc. Price | American Airlines Group Inc. Quote
Zacks Rank & Stock to Consider
American Airlines carries a Zacks Rank #3 (Hold). A better-ranked stock in the Zacks Airline industry is Spirit Airlines SAVE sporting a Zacks Rank #1 (Strong Buy). You can see the complete list of today's Zacks #1 Rank stocks here .
Spirit Airlines has an impressive earnings surprise history. The carrier has outshined the Zacks Consensus Estimate in each of the trailing four quarters, with the average being 3.2%.
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.
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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
United Continental Holdings, Inc. (UAL): Free Stock Analysis Report
American Airlines Group Inc. (AAL): Free Stock Analysis Report
Spirit Airlines, Inc. (SAVE): Free Stock Analysis Report
Delta Air Lines, Inc. (DAL): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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In a bid to improve pay structure, pilots at American Airlines GroupAAL are planning to amend the existing contract, inked in 2015, before it becomes due for renewal in early 2020. Click to get this free report United Continental Holdings, Inc. (UAL): Free Stock Analysis Report American Airlines Group Inc. (AAL): Free Stock Analysis Report Spirit Airlines, Inc. (SAVE): Free Stock Analysis Report Delta Air Lines, Inc. (DAL): Free Stock Analysis Report To read this article on Zacks.com click here. Moreover, according to a Reuters report , the total pay of American Airlines pilots is below their counterparts at Delta Air Lines DAL and United Continental Holdings UAL .
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Click to get this free report United Continental Holdings, Inc. (UAL): Free Stock Analysis Report American Airlines Group Inc. (AAL): Free Stock Analysis Report Spirit Airlines, Inc. (SAVE): Free Stock Analysis Report Delta Air Lines, Inc. (DAL): Free Stock Analysis Report To read this article on Zacks.com click here. In a bid to improve pay structure, pilots at American Airlines GroupAAL are planning to amend the existing contract, inked in 2015, before it becomes due for renewal in early 2020. Moreover, according to a Reuters report , the total pay of American Airlines pilots is below their counterparts at Delta Air Lines DAL and United Continental Holdings UAL .
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Click to get this free report United Continental Holdings, Inc. (UAL): Free Stock Analysis Report American Airlines Group Inc. (AAL): Free Stock Analysis Report Spirit Airlines, Inc. (SAVE): Free Stock Analysis Report Delta Air Lines, Inc. (DAL): Free Stock Analysis Report To read this article on Zacks.com click here. In a bid to improve pay structure, pilots at American Airlines GroupAAL are planning to amend the existing contract, inked in 2015, before it becomes due for renewal in early 2020. American Airlines Group Inc. Price American Airlines Group Inc. Price | American Airlines Group Inc. Quote Zacks Rank & Stock to Consider American Airlines carries a Zacks Rank #3 (Hold).
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In a bid to improve pay structure, pilots at American Airlines GroupAAL are planning to amend the existing contract, inked in 2015, before it becomes due for renewal in early 2020. Click to get this free report United Continental Holdings, Inc. (UAL): Free Stock Analysis Report American Airlines Group Inc. (AAL): Free Stock Analysis Report Spirit Airlines, Inc. (SAVE): Free Stock Analysis Report Delta Air Lines, Inc. (DAL): Free Stock Analysis Report To read this article on Zacks.com click here. Apart from seeking to improve their wages, the pilots union said that the impending talks would focus on the last-minute schedule changes for on-duty pilots as this practice often increases fatigue levels and damages the morale of the concerned pilots.
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44e84040-95d7-4cac-9a97-c0d2e8c30c39
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6861.0
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2018-11-20 00:00:00 UTC
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American Airlines (AAL) Stock Moves -0.64%: What You Should Know
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AAL
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https://www.nasdaq.com/articles/american-airlines-aal-stock-moves-0.64%3A-what-you-should-know-2018-11-20
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nan
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nan
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American Airlines (AAL) closed the most recent trading day at $35.59, moving -0.64% from the previous trading session. This move was narrower than the S&P 500's daily loss of 1.82%. Elsewhere, the Dow lost 2.21%, while the tech-heavy Nasdaq lost 1.7%.
Heading into today, shares of the world's largest airline had gained 11.38% over the past month, outpacing the Transportation sector's gain of 0.75% and the S&P 500's loss of 2.57% in that time.
AAL will be looking to display strength as it nears its next earnings release, which is expected to be January 24, 2019. The company is expected to report EPS of $1.01, up 6.32% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $11.07 billion, up 4.46% from the year-ago period.
For the full year, our Zacks Consensus Estimates are projecting earnings of $4.51 per share and revenue of $44.67 billion, which would represent changes of -7.58% and +5.84%, respectively, from the prior year.
Any recent changes to analyst estimates for AAL should also be noted by investors. Recent revisions tend to reflect the latest near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 6.51% higher. AAL is currently a Zacks Rank #3 (Hold).
Looking at its valuation, AAL is holding a Forward P/E ratio of 7.94. For comparison, its industry has an average Forward P/E of 12.62, which means AAL is trading at a discount to the group.
Also, we should mention that AAL has a PEG ratio of 1.04. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The Transportation - Airline was holding an average PEG ratio of 0.98 at yesterday's closing price.
The Transportation - Airline industry is part of the Transportation sector. This group has a Zacks Industry Rank of 103, putting it in the top 40% 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.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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American Airlines (AAL) closed the most recent trading day at $35.59, moving -0.64% from the previous trading session. AAL will be looking to display strength as it nears its next earnings release, which is expected to be January 24, 2019. Any recent changes to analyst estimates for AAL should also be noted by investors.
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American Airlines (AAL) closed the most recent trading day at $35.59, moving -0.64% from the previous trading session. Click to get this free report American Airlines Group Inc. (AAL): Free Stock Analysis Report To read this article on Zacks.com click here. AAL will be looking to display strength as it nears its next earnings release, which is expected to be January 24, 2019.
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American Airlines (AAL) closed the most recent trading day at $35.59, moving -0.64% from the previous trading session. AAL will be looking to display strength as it nears its next earnings release, which is expected to be January 24, 2019. Any recent changes to analyst estimates for AAL should also be noted by investors.
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American Airlines (AAL) closed the most recent trading day at $35.59, moving -0.64% from the previous trading session. AAL will be looking to display strength as it nears its next earnings release, which is expected to be January 24, 2019. Any recent changes to analyst estimates for AAL should also be noted by investors.
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71e18533-96cb-4636-9062-5dcf23a83f8f
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6862.0
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2018-11-18 00:00:00 UTC
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Top Stocks Warren Buffett Just Sold
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AAL
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https://www.nasdaq.com/articles/top-stocks-warren-buffett-just-sold-2018-11-18
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nan
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nan
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Warren Buffett's Berkshire Hathaway (NYSE: BRK-A) (NYSE: BRK-B) has been busy. In addition to swooping in and buying bundles of bank stocks, Buffett sold some of Berkshire's longtime holdings in the third quarter. Since Berkshire Hathaway manages a portfolio worth more than $200 billion, and it tends to be among the biggest owners of the stocks it purchases, knowing what stocks it's selling is important. Fortunately, it's required to file a 13-F report with the Securities and Exchange Commission detailing its activity every quarter. The latest report shows that the Oracle of Omaha sold a significant number of shares in Phillips 66 (NYSE: PSX) , Sanofi (NYSE: SNY) , and Walmart (NYSE: WMT) . It also shows Berkshire trimmed its stakes in three airlines: American Airlines (NASDAQ: AAL) , United Continental (NYSE: UAL) , and Southwest Air (NYSE: LUV) . Should you follow suit?
Exiting energy
Warren Buffett has been selling his shares of Phillips 66 all year, but the pace accelerated in the third quarter as Berkshire Hathaway punted more than half of its stake in the energy company.
In Q1, it sold 35 million shares in the oil and gas transport, storage, refining, and marketing company, which brought its ownership below 10%. In Q2, it sold another 10.9 million shares, reducing Berkshire Hathaway's position by about 24% to 34.7 million shares. And in Q3, it cut its position by 55% to 15.4 million shares.
We don't know exactly when these positions were sold in the quarter, but it could be that each sale was prompted by share prices hitting record 10-year highs. In May, Phillips 66 shares rallied to more than $120 before retreating, then they rebounded back above $120 again in August.
The new highs have been driven by high refining capacity utilization and crude oil prices that rallied all year up until October. In Q2, those tailwinds resulted in sales of $29.7 billion, up 21%, that were over $600 million better than industry watchers were expecting and earnings per share of $2.80 that outpaced estimates by $0.61. Its refining business alone produced $910 million in net income, up substantially from $224 million in the same quarter last year. The third-quarter results were similarly strong, as record net income in its midstream operations fueled adjusted earnings of $1.5 billion, or $3.10 per share, that were 25% better than expectations.
It certainly doesn't look like Buffett's decision to sell is rooted in a backward-looking evaluation of this energy company's performance. Instead, it appears that Buffett is simply exercising the same discipline he's exercised in the past with cyclical businesses like this, choosing to book profits when they're near their peak to reduce the risk of suffering losses during an eventual decline.
Berkshire Hathaway's remaining shares still make it Phillips 66's fourth-largest investor, but if past is prelude, then it wouldn't shock me if his steady selling this year will continue until this stock is no longer in the portfolio.
Going, going, gone
Berkshire Hathaway's portfolio also got some thorough housecleaning last quarter as small remaining stakes in both Sanofi and Walmart were sold off.
A global biopharma company, Sanofi is probably best known for Lantus, a long-acting insulin that at its peak was hauling in about $7 billion per year in sales, but it also has a significant presence in cancer treatment and rare disease treatment. The company's roughly $11 billion in quarterly sales, at current exchange rates, makes it one of the biggest drug companies on the planet, but there are some question marks that could've contributed to a decision to sell.
Lantus has lost its patent protection, and competitors are starting to chip away at its sales. Also, Sanofi completed an $11.6 billion acquisition of Bioverativ to gain exposure to the $10 billion-per-year hemophilia market earlier this year, but new treatments in development could reduce future sales of those newly acquired drugs if trials pan out.
Meanwhile, Walmart was once a top Berkshire Hathaway holding, but Buffett began selling shares in 2016 after referring to Amazon.com founder Jeff Bezos as a "genius" and saying at his annual investor conference that "We're not going to out-Bezos Bezos."
Walmart's inability to slow Amazon's success to maintain market share and worry over how trade disputes and rising wages could impact sales and profitability are probably why Berkshire Hathaway sold the last of its remaining 1.4 million shares in the third quarter.
Prepare for landing?
One of the most shocking investments in recent memory has been Warren Buffett's scattershot embrace of airline companies. In the past, he's called airlines a terrible investment because of overcapacity, volatile jet fuel costs, labor disputes, price wars, and a reliance on a strong economy supporting business travel and personal travel demand.
Yet he stockpiled airlines in Berkshire Hathaway's portfolio in 2017, acquiring a slate of the biggest performers, including American Airlines, United Continental, Southwest Air, and Delta Air (NYSE: DAL) . In the third quarter, he trimmed positions in every one of those companies except Delta. He sold 1 million shares in American, 700,000 shares of United Continental, and 500,000 shares in Southwest, but he added 1.9 million shares of Delta, boosting his stake by 2%.
The changes are in keeping with recent quarters, in which some positions were increased while others were trimmed or remained unchanged. For example, he boosted his Southwest stake by 20% in the second quarter to take advantage of a sell-off in shares caused by an in-air accident earlier this year. For perspective, the half million shares Buffett sold in Southwest is a reduction of less than 1% in Berkshire Hathaway's position. It still owns more than 59 million shares, which represents about 9.7% of the airline, so the small sale could've been to keep his position beneath 10% to avoid onerous regulatory compliance requirements. Similarly, he still owns more than 9% of both American and United Continental after trimming those positions.
Overall, it's probably best not too read as much into Berkshire Hathaway selling airline stock as you read into his selling of these other stocks, especially Phillips 66. Phillips 66 has been delivering solid financials this year, but with crude oil prices retreating, it wouldn't surprise me if more of Berkshire Hathaway's shares get sold this quarter.
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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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It also shows Berkshire trimmed its stakes in three airlines: American Airlines (NASDAQ: AAL) , United Continental (NYSE: UAL) , and Southwest Air (NYSE: LUV) . Berkshire Hathaway's remaining shares still make it Phillips 66's fourth-largest investor, but if past is prelude, then it wouldn't shock me if his steady selling this year will continue until this stock is no longer in the portfolio. Also, Sanofi completed an $11.6 billion acquisition of Bioverativ to gain exposure to the $10 billion-per-year hemophilia market earlier this year, but new treatments in development could reduce future sales of those newly acquired drugs if trials pan out.
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It also shows Berkshire trimmed its stakes in three airlines: American Airlines (NASDAQ: AAL) , United Continental (NYSE: UAL) , and Southwest Air (NYSE: LUV) . Yet he stockpiled airlines in Berkshire Hathaway's portfolio in 2017, acquiring a slate of the biggest performers, including American Airlines, United Continental, Southwest Air, and Delta Air (NYSE: DAL) . He sold 1 million shares in American, 700,000 shares of United Continental, and 500,000 shares in Southwest, but he added 1.9 million shares of Delta, boosting his stake by 2%.
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It also shows Berkshire trimmed its stakes in three airlines: American Airlines (NASDAQ: AAL) , United Continental (NYSE: UAL) , and Southwest Air (NYSE: LUV) . In Q2, it sold another 10.9 million shares, reducing Berkshire Hathaway's position by about 24% to 34.7 million shares. Walmart's inability to slow Amazon's success to maintain market share and worry over how trade disputes and rising wages could impact sales and profitability are probably why Berkshire Hathaway sold the last of its remaining 1.4 million shares in the third quarter.
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It also shows Berkshire trimmed its stakes in three airlines: American Airlines (NASDAQ: AAL) , United Continental (NYSE: UAL) , and Southwest Air (NYSE: LUV) . Exiting energy Warren Buffett has been selling his shares of Phillips 66 all year, but the pace accelerated in the third quarter as Berkshire Hathaway punted more than half of its stake in the energy company. In Q2, it sold another 10.9 million shares, reducing Berkshire Hathaway's position by about 24% to 34.7 million shares.
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0a50a204-3df4-4167-826a-e5270621e39e
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6863.0
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2018-11-16 00:00:00 UTC
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The Zacks Analyst Blog Highlights: American Airlines, JetBlue Airways, Southwest Airlines, Alaska Air and Delta Air
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AAL
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https://www.nasdaq.com/articles/the-zacks-analyst-blog-highlights%3A-american-airlines-jetblue-airways-southwest-airlines
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nan
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nan
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For Immediate Release
Chicago, IL -November 16, 2018 - 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 CorporationJBLU , Southwest Airlines Co.LUV , Alaska Air Group, Inc.ALK and Delta Air Lines, Inc.DAL .
Here are highlights from Thursday's Analyst Blog:
Can Airlines Lift Further on Oil's Slide, Holiday Travel?
Per the Transportation Security Administration (TSA), the Thanksgiving holiday period is expected to witness a record-breaking number of flyers. Also, per the Airlines for America (A4A), the industry's trade organization for the leading U.S. airlines, a record 30.6 million passengers will be flying on U.S. airlines during the 12-day Thanksgiving air travel period.
Air travel is becoming expensive in 2018 owing to surging fuel prices. However, oil recently saw its deepest plunge in more than three years in the international market. This has resulted in airline stocks jumping in November.
Holiday Flying to Hit Record High
Per the TSA, 25 million passengers are expected to fly across the United States from Nov 16 to Nov 26. This reflects an increase of 5% from 2017. The busiest travel days leading to Thanksgiving are likely to be Friday and Wednesday before the holiday, with 2.6 million passengers and crew expected to fly on each of these two days.
Also, more than 2.7 million passengers are expected to be flying home on Nov 25, the Sunday after Thanksgiving. Moreover, the A4A recently projected that a record 30.6 million passengers would be traveling on U.S. airlines during the 12-day Thanksgiving air travel period, up from an estimated 29 million passengers during the 2017 travel period.
Naturally, airports are bracing for longer security queues and parking crunch and trying to meet demand by adding 158,000 seats per day. The holiday season is considered one of the busiest periods for airlines. And with holiday flying expected to hit a record high, it will definitely boost revenues of U.S. airlines.
Airlines Poised to Gain on Low Oil Prices
Oil recently saw its steepest decline in more than three years in the international market due to fears of oversupply and a weakening demand outlook. On Wednesday, oil prices closed higher after witnessing 12 straight sessions of decline. However, oil prices once again slipped on Thursday on concerns of rising supply going into a market, in which consumption is predicted to slow down given a gloomy economic outlook. (Read More: 4 Top Stocks to Gain as Oil Enters Bear Market )
At 0441 GMT, Brent Crude Oil futures were trading at $65.88 per barrel, down 0.24 cents from their last close. This definitely is a blessing in disguise for the aviation industry. Month to date, shares of American Airlines Group, Inc., JetBlue Airways Corporation and Southwest Airlines Co. have surged 7.6%, 7.8% and 5.7%, respectively.
Shares of Alaska Air Group, Inc. and Delta Air Lines, Inc. have gained 7.9% and 2.5%, respectively. Spirit Airlines sports a Zacks Rank #1 (Strong Buy), while the other stocks carry a Zack Rank #3 (Hold) each. You can see the complete list of today's Zacks #1 Rank stocks here .
Understandably, U.S. airlines have been facing turbulence this year, with crude oil futures hitting nearly four-year highs last month. This has been weighing on the aviation industry, with expenses increasing and cutting into its revenues.
However, the sudden collapse in oil prices will definitely help airline companies. Moreover, the all-important holiday season is likely to witness a record number of flyers, which definitely bodes well for the aviation industry.
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Media Contact
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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
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
Delta Air Lines, Inc. (DAL): Free Stock Analysis Report
Alaska Air Group, Inc. (ALK): 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: American Airlines Group, Inc.AAL , JetBlue Airways CorporationJBLU , Southwest Airlines Co.LUV , Alaska Air Group, Inc.ALK and Delta Air Lines, Inc.DAL . Click to get this free 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 Delta Air Lines, Inc. (DAL): Free Stock Analysis Report Alaska Air Group, Inc. (ALK): Free Stock Analysis Report To read this article on Zacks.com click here. However, oil prices once again slipped on Thursday on concerns of rising supply going into a market, in which consumption is predicted to slow down given a gloomy economic outlook.
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Stocks recently featured in the blog include: American Airlines Group, Inc.AAL , JetBlue Airways CorporationJBLU , Southwest Airlines Co.LUV , Alaska Air Group, Inc.ALK and Delta Air Lines, Inc.DAL . Click to get this free 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 Delta Air Lines, Inc. (DAL): Free Stock Analysis Report Alaska Air Group, Inc. (ALK): Free Stock Analysis Report To read this article on Zacks.com click here. Month to date, shares of American Airlines Group, Inc., JetBlue Airways Corporation and Southwest Airlines Co. have surged 7.6%, 7.8% and 5.7%, respectively.
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Stocks recently featured in the blog include: American Airlines Group, Inc.AAL , JetBlue Airways CorporationJBLU , Southwest Airlines Co.LUV , Alaska Air Group, Inc.ALK and Delta Air Lines, Inc.DAL . Click to get this free 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 Delta Air Lines, Inc. (DAL): Free Stock Analysis Report Alaska Air Group, Inc. (ALK): Free Stock Analysis Report To read this article on Zacks.com click here. Also, per the Airlines for America (A4A), the industry's trade organization for the leading U.S. airlines, a record 30.6 million passengers will be flying on U.S. airlines during the 12-day Thanksgiving air travel period.
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Stocks recently featured in the blog include: American Airlines Group, Inc.AAL , JetBlue Airways CorporationJBLU , Southwest Airlines Co.LUV , Alaska Air Group, Inc.ALK and Delta Air Lines, Inc.DAL . Click to get this free 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 Delta Air Lines, Inc. (DAL): Free Stock Analysis Report Alaska Air Group, Inc. (ALK): Free Stock Analysis Report To read this article on Zacks.com click here. Also, per the Airlines for America (A4A), the industry's trade organization for the leading U.S. airlines, a record 30.6 million passengers will be flying on U.S. airlines during the 12-day Thanksgiving air travel period.
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0c6c45a8-b2cc-4a8b-9cb5-1ffde33522f7
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6864.0
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2018-11-14 00:00:00 UTC
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American Airlines (AAL) Gains As Market Dips: What You Should Know
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AAL
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https://www.nasdaq.com/articles/american-airlines-aal-gains-as-market-dips%3A-what-you-should-know-2018-11-14
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nan
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nan
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American Airlines (AAL) closed at $38.11 in the latest trading session, marking a +0.87% move from the prior day. This change outpaced the S&P 500's 0.76% loss on the day. Elsewhere, the Dow lost 0.82%, while the tech-heavy Nasdaq lost 0.9%.
Prior to today's trading, shares of the world's largest airline had gained 13.52% over the past month. This has outpaced the Transportation sector's loss of 0.39% and the S&P 500's loss of 1.41% in that time.
Investors will be hoping for strength from AAL as it approaches its next earnings release, which is expected to be January 24, 2019. The company is expected to report EPS of $0.96, up 1.05% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $11.08 billion, up 4.5% from the prior-year quarter.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $4.41 per share and revenue of $44.66 billion. These totals would mark changes of -9.63% and +5.8%, respectively, from last year.
Investors might also notice recent changes to analyst estimates for AAL. These revisions typically reflect the latest short-term business trends, which can change frequently. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. The Zacks Consensus EPS estimate has moved 4.63% higher within the past month. AAL is currently sporting a Zacks Rank of #3 (Hold).
Looking at its valuation, AAL is holding a Forward P/E ratio of 8.57. This valuation marks a discount compared to its industry's average Forward P/E of 12.81.
It is also worth noting that AAL currently has a PEG ratio of 1.13. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. The Transportation - Airline was holding an average PEG ratio of 0.67 at yesterday's closing price.
The Transportation - Airline industry is part of the Transportation sector. This group has a Zacks Industry Rank of 186, putting it in the bottom 28% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.
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 $38.11 in the latest trading session, marking a +0.87% move from the prior day. Investors will be hoping for strength from AAL as it approaches its next earnings release, which is expected to be January 24, 2019. Investors might also notice recent changes to analyst estimates for AAL.
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American Airlines (AAL) closed at $38.11 in the latest trading session, marking a +0.87% 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. Investors will be hoping for strength from AAL as it approaches its next earnings release, which is expected to be January 24, 2019.
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American Airlines (AAL) closed at $38.11 in the latest trading session, marking a +0.87% move from the prior day. Investors will be hoping for strength from AAL as it approaches its next earnings release, which is expected to be January 24, 2019. Investors might also notice recent changes to analyst estimates for AAL.
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American Airlines (AAL) closed at $38.11 in the latest trading session, marking a +0.87% move from the prior day. Investors will be hoping for strength from AAL as it approaches its next earnings release, which is expected to be January 24, 2019. Investors might also notice recent changes to analyst estimates for AAL.
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c83366d7-b3d2-4417-80ae-dbc76824a529
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6865.0
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2018-11-14 00:00:00 UTC
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Will Airlines ETF Keep Gaining Altitude Ahead?
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AAL
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https://www.nasdaq.com/articles/will-airlines-etf-keep-gaining-altitude-ahead-2018-11-14
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nan
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nan
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Airlines stocks have been flying high of late, breezing past the broader market fund SPDR S&P 500 ETFSPY . Decent earnings reports and a plunge in oil prices have been major drivers.
Inside the Earnings Releases
Delta 's DAL third-quarter earnings surpassed the Zacks Consensus Estimate by 6 cents while revenues missed it by a narrow margin. For the fourth quarter of 2018, the carrier expects earnings per share between $1.10 and $1.30, the high end of which is above the Zacks Consensus Estimate of $1.28 . The stock has gained about 9.6% in the past month (as of Nov 13, 2018).
United Continental HoldingsInc. 's UAL earnings (on an adjusted basis) of $3.06 per share fell short of the Zacks Consensus Estimate of $3.09, while operating revenues of $11.00 billion outpaced the mark of $10.96 billion. United Continental now expects 2018 earnings between $8 and $8.75 per share (earlier projected range $7.25 to $8.75). The stock has rallied 13.8% in the past month.
Alaska Air Group ALK reported quarterly earnings of $1.91 per share, beating the Zacks Consensus Estimate of $1.80. Revenues of $2.21 billion surpassed the Zacks Consensus Estimate of $2.204 billion. The stock has added about 9.3% in the past month.
American Airlines Group Inc .'s AAL third-quarter 2018 earnings of $1.13 per share topped the Zacks Consensus Estimate by a penny. Revenues of $11.559 billion were ahead of the Zacks Consensus Estimate of $11.551 million. Strong demand for air travel led to the year-over-year improvement in the top line. Adjusted earnings per share in 2018 are anticipated between $4.50 and $5, way higher than the Zacks Consensus Estimate of $4.23. The stock has advanced about 18.9% in the past month.
Southwest Airlines Co .'s LUV third-quarter 2018 earnings per share of $1.08 beat the Zacks Consensus Estimate of $1.06. Operating revenues of $5.575 billion outpaced the Zacks Consensus Estimate of $5.557 billion. However, it has lost 8.6% in the past month.
JetBlue Airways Corporation 's JBLU third-quarter 2018 adjusted earnings per share surpassed the Zacks Consensus Estimate by a penny. However, total operating revenues of $2.008 billion fell short of the Zacks Consensus Estimate of $2.012 billion. It rose 10.5% in the past month.
Oil Price Slump
Oil price is in a bear market as U.S. sanctions on Iran were weaker than expected. The commodity is now down more than 27% from the high hit in early October . Market watchers earlier expected a harsh punitive measure by the United States on Iran's energy sector and thus projected a supply crunch. But in reality, the sanctions are way softer.
Washington offered temporary waivers to eight key buyers. So, fears of increased oil supplies put a cap on oil prices. Now since energy costs form a major portion of overall costs for airlines companies, stocks have been gaining.
Positive Analyst Comments
JPMorgan Chase's Jamie Baker sees the "case for industry margin expansion remains the best we've seen in four years." Macquarie's Susan Donofrio also sounded optimistic on the sector. The analyst expects the "continuation of a strong demand and revenue environment into the end of the year", giving scope to operators for " fare increases and ancillary opportunities ."
So, investors can keep track of airlines ETF US Global Jets ETF (JETS) in the coming days.
JETS in Focus
The $91.2-million fund holds about 30 stocks in its portfolio and is concentrated on a few individual securities. United Continental (13.06%), Delta Airlines (12.28%), American Airlines (11.33%) and Southwest Airlines (10.55%) take the first four positions in the fund. Alaska Air and JetBlue hold the sixth and eighth positions in the fund with a 4.18% and 3.89% weight, respectively. The product charges 60 bps in fees. The fund has added about 6.5% in the past month (as of Nov 13, 2018) against 0.9% losses in SPY (see all industrials ETFs ).
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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
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
US GLOBAL JETS (JETS): ETF Research Reports
SPDR-SP 500 TR (SPY): ETF Research Reports
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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's AAL third-quarter 2018 earnings of $1.13 per share topped the Zacks Consensus Estimate by a penny. Click to get this free 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 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 US GLOBAL JETS (JETS): ETF Research Reports SPDR-SP 500 TR (SPY): ETF Research Reports To read this article on Zacks.com click here. Market watchers earlier expected a harsh punitive measure by the United States on Iran's energy sector and thus projected a supply crunch.
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Click to get this free 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 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 US GLOBAL JETS (JETS): ETF Research Reports SPDR-SP 500 TR (SPY): ETF Research Reports To read this article on Zacks.com click here. 's AAL third-quarter 2018 earnings of $1.13 per share topped the Zacks Consensus Estimate by a penny. Alaska Air Group ALK reported quarterly earnings of $1.91 per share, beating the Zacks Consensus Estimate of $1.80.
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Click to get this free 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 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 US GLOBAL JETS (JETS): ETF Research Reports SPDR-SP 500 TR (SPY): ETF Research Reports To read this article on Zacks.com click here. 's AAL third-quarter 2018 earnings of $1.13 per share topped the Zacks Consensus Estimate by a penny. 's UAL earnings (on an adjusted basis) of $3.06 per share fell short of the Zacks Consensus Estimate of $3.09, while operating revenues of $11.00 billion outpaced the mark of $10.96 billion.
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Click to get this free 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 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 US GLOBAL JETS (JETS): ETF Research Reports SPDR-SP 500 TR (SPY): ETF Research Reports To read this article on Zacks.com click here. 's AAL third-quarter 2018 earnings of $1.13 per share topped the Zacks Consensus Estimate by a penny. For the fourth quarter of 2018, the carrier expects earnings per share between $1.10 and $1.30, the high end of which is above the Zacks Consensus Estimate of $1.28 .
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f249e62e-24e5-4681-b49a-b99e7ce2e78a
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6866.0
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2018-11-13 00:00:00 UTC
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3 Top Transportation Stocks Poised for Q3 Earnings Beat
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AAL
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https://www.nasdaq.com/articles/3-top-transportation-stocks-poised-for-q3-earnings-beat-2018-11-13
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nan
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nan
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Within the widely diversified transportation sector, consisting of airlines, railroads, truckers, shippers to name a few, railroad companies have been benefiting from strong demand for freight on the back of a buoyant economy and solid volume growth. These tailwinds drove third-quarter results of railroad majors like Union Pacific Corporation UNP and Norfolk Southern Corporation NSC , which reported better-than-expected earnings and revenues. Moreover, both the top and the bottom line improved significantly year over year.
Package delivery companies like United Parcel Service, Inc. UPS are gaining from robust e-commerce growth. This company's top line improved significantly year over year and also surpassed the Zacks Consensus Estimate. The bottom line also increased substantially on a year-over-year basis.
However, escalating fuel prices are pushing up the operating expenses and in turn, hampering the transportation companies' bottom-line growth. Per data provided by U.S. Energy Information Administration (EIA), the monthly average spot price of West Texas Intermediate (WTI) crude in July, August and September of 2018 was $70.98 per barrel, $68.06 and $70.23, respectively. The figures were much higher than the comparable year-ago readings of $46.63, $48.04 and $49.82, respectively.
In fact, the third-quarter earnings of key sector players like American Airlines Group Inc. AAL and Alaska Air Group, Inc. declined on a year-over-year basis, mainly due to high fuel costs.
What's in Store This Earnings Season?
Majority of the transportation players yet to report earnings numbers are from the shipping industry. Increased demand for commodities from the key emerging markets and Europe is a positive for the industry. Additionally, the relatively stable performance of the Baltic Dry Index (a gauge of the shipping costs of raw materials such as iron ore, coal and grain) in a year's time despite the headwinds indicates that there is light at the end of the tunnel for shipping stocks.
Moreover, in spite of trade war related fears, the dry bulk shipping market consistently displays signs of improvement. Better fleet utilization and higher average spot rate are further upsides for the industry.
While high fuel costs and trade war fears are likely to weigh on the results, the above-mentioned tailwinds should aid results.
How to Pick Winners
Barring a few roadblocks, transportation stocks boast numerous tailwinds, which are fueling growth for the sector. Thus, it won't be a bad idea to add a few good gems from this sector with potential to post better-than-expected earnings in Q3 to one's portfolio. An earnings beat more often than not boosts investor confidence in the stocks, translating into a rapid share price appreciation.
However, selecting the right stocks with big promises to trump Q3 earnings estimates is a difficult task. This is where the Zacks methodology proves its mettle.
Our research shows that stocks with the combination of a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) and a positive Earnings ESP have maximum chances - as high as 70% - of beating estimates. You can uncover the best stocks to buy or sell before they're reported with our Earnings ESP Filter .
Our Choices
Based on the above methodology, we have zeroed in on three transportation stocks that are likely to surpass the Zacks Consensus Estimate this earnings season.
Frontline Ltd . FRO , based in Hamilton, Bermuda, is a provider of seaborne transportation of crude oil and oil products. This Zacks Rank #3 company currently has an Earnings ESP of +30.77%. You can see the complete list of today's Zacks #1 Rank stocks here .
The company is scheduled to report third-quarter earnings on Nov 16.
Frontline Ltd. Price and EPS Surprise
Frontline Ltd. Price and EPS Surprise | Frontline Ltd. Quote
Teekay Tankers Ltd . TNK , based in Hamilton, Bermuda, provides international marine transportation of crude oil. The stock has a Zacks Rank of 3 and an Earnings ESP of +5.40%. The company is slated to release third-quarter results on Nov 15.
Teekay Tankers Ltd. Price and EPS Surprise
Teekay Tankers Ltd. Price and EPS Surprise | Teekay Tankers Ltd. Quote
Hoegh LNG Partners LPHMLP , based in Hamilton, Bermuda, is a provider of floating LNG services under long-term contracts. The company is a Zacks #3 Ranked player and has an Earnings ESP of +17.19%. It will announce third-quarter financial numbers on Nov 29.
Hoegh LNG Partners LP Price and EPS Surprise
Hoegh LNG Partners LP Price and EPS Surprise | Hoegh LNG Partners LP Quote
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American Airlines Group Inc. (AAL): Free Stock Analysis Report
Union Pacific Corporation (UNP): Free Stock Analysis Report
Norfolk Southern Corporation (NSC): Free Stock Analysis Report
Frontline Ltd. (FRO): Free Stock Analysis Report
Teekay Tankers Ltd. (TNK): Free Stock Analysis Report
Hoegh LNG Partners LP (HMLP): Free Stock Analysis Report
United Parcel Service, Inc. (UPS): 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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In fact, the third-quarter earnings of key sector players like American Airlines Group Inc. AAL and Alaska Air Group, Inc. declined on a year-over-year basis, mainly due to high fuel costs. Click to get this free report American Airlines Group Inc. (AAL): Free Stock Analysis Report Union Pacific Corporation (UNP): Free Stock Analysis Report Norfolk Southern Corporation (NSC): Free Stock Analysis Report Frontline Ltd. (FRO): Free Stock Analysis Report Teekay Tankers Ltd. (TNK): Free Stock Analysis Report Hoegh LNG Partners LP (HMLP): Free Stock Analysis Report United Parcel Service, Inc. (UPS): Free Stock Analysis Report To read this article on Zacks.com click here. However, escalating fuel prices are pushing up the operating expenses and in turn, hampering the transportation companies' bottom-line growth.
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Click to get this free report American Airlines Group Inc. (AAL): Free Stock Analysis Report Union Pacific Corporation (UNP): Free Stock Analysis Report Norfolk Southern Corporation (NSC): Free Stock Analysis Report Frontline Ltd. (FRO): Free Stock Analysis Report Teekay Tankers Ltd. (TNK): Free Stock Analysis Report Hoegh LNG Partners LP (HMLP): Free Stock Analysis Report United Parcel Service, Inc. (UPS): Free Stock Analysis Report To read this article on Zacks.com click here. In fact, the third-quarter earnings of key sector players like American Airlines Group Inc. AAL and Alaska Air Group, Inc. declined on a year-over-year basis, mainly due to high fuel costs. Teekay Tankers Ltd. Price and EPS Surprise Teekay Tankers Ltd. Price and EPS Surprise | Teekay Tankers Ltd. Quote Hoegh LNG Partners LPHMLP , based in Hamilton, Bermuda, is a provider of floating LNG services under long-term contracts.
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Click to get this free report American Airlines Group Inc. (AAL): Free Stock Analysis Report Union Pacific Corporation (UNP): Free Stock Analysis Report Norfolk Southern Corporation (NSC): Free Stock Analysis Report Frontline Ltd. (FRO): Free Stock Analysis Report Teekay Tankers Ltd. (TNK): Free Stock Analysis Report Hoegh LNG Partners LP (HMLP): Free Stock Analysis Report United Parcel Service, Inc. (UPS): Free Stock Analysis Report To read this article on Zacks.com click here. In fact, the third-quarter earnings of key sector players like American Airlines Group Inc. AAL and Alaska Air Group, Inc. declined on a year-over-year basis, mainly due to high fuel costs. Teekay Tankers Ltd. Price and EPS Surprise Teekay Tankers Ltd. Price and EPS Surprise | Teekay Tankers Ltd. Quote Hoegh LNG Partners LPHMLP , based in Hamilton, Bermuda, is a provider of floating LNG services under long-term contracts.
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In fact, the third-quarter earnings of key sector players like American Airlines Group Inc. AAL and Alaska Air Group, Inc. declined on a year-over-year basis, mainly due to high fuel costs. Click to get this free report American Airlines Group Inc. (AAL): Free Stock Analysis Report Union Pacific Corporation (UNP): Free Stock Analysis Report Norfolk Southern Corporation (NSC): Free Stock Analysis Report Frontline Ltd. (FRO): Free Stock Analysis Report Teekay Tankers Ltd. (TNK): Free Stock Analysis Report Hoegh LNG Partners LP (HMLP): Free Stock Analysis Report United Parcel Service, Inc. (UPS): Free Stock Analysis Report To read this article on Zacks.com click here. Majority of the transportation players yet to report earnings numbers are from the shipping industry.
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565a2fd4-05d3-4eb5-96ce-1461ef3fb371
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6867.0
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2018-11-12 00:00:00 UTC
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Nasdaq 100 Movers: AVGO, AAL
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AAL
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https://www.nasdaq.com/articles/nasdaq-100-movers-avgo-aal-2018-11-12
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nan
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nan
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In early trading on Monday, shares of American Airlines Group topped the list of the day's best performing components of the Nasdaq 100 index, trading up 1.0%. Year to date, American Airlines Group has lost about 29.7% of its value.
And the worst performing Nasdaq 100 component thus far on the day is Broadcom, trading down 6.6%. Broadcom is lower by about 13.1% looking at the year to date performance.
Two other components making moves today are NVIDIA, trading down 6.3%, and Shire, trading up 0.9% on the day.
VIDEO: Nasdaq 100 Movers: AVGO, AAL
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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VIDEO: Nasdaq 100 Movers: AVGO, AAL The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. In early trading on Monday, shares of American Airlines Group topped the list of the day's best performing components of the Nasdaq 100 index, trading up 1.0%. And the worst performing Nasdaq 100 component thus far on the day is Broadcom, trading down 6.6%.
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VIDEO: Nasdaq 100 Movers: AVGO, AAL The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. Year to date, American Airlines Group has lost about 29.7% of its value. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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VIDEO: Nasdaq 100 Movers: AVGO, AAL The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. In early trading on Monday, shares of American Airlines Group topped the list of the day's best performing components of the Nasdaq 100 index, trading up 1.0%. And the worst performing Nasdaq 100 component thus far on the day is Broadcom, trading down 6.6%.
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VIDEO: Nasdaq 100 Movers: AVGO, AAL The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. In early trading on Monday, shares of American Airlines Group topped the list of the day's best performing components of the Nasdaq 100 index, trading up 1.0%. And the worst performing Nasdaq 100 component thus far on the day is Broadcom, trading down 6.6%.
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f9548a20-81f3-48bc-8d8f-58c2b72bb49d
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6868.0
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2018-11-12 00:00:00 UTC
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Market Close Report: NASDAQ Composite index closes at 7,200.87 down -206.03 points
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AAL
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https://www.nasdaq.com/articles/market-close-report-nasdaq-composite-index-closes-720087-down-20603-points-2018-11-12
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nan
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nan
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Monday's session closes with the NASDAQ Composite Index at 7,200.87. The total shares traded for the NASDAQ was over 2.38 billion. Declining stocks led advancers by 3.53 to 1 ratio. There were 693 advancers and 2446 decliners for the day. On the NASDAQ Stock Exchange 10 stocks reached a 52 week high and 120 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 -2.98% for the day; a total of -210.05 points. The current value is 6,829.1. Align Technology, Inc. ( ALGN ) had the largest percent change down (-7.91%) while American Airlines Group, Inc. ( AAL ) had the largest percent change gain rising 1.77%.
The Dow Jones index closed down -2.32% for the day; a total of -602.12 points. The current value is 25,387.18. Goldman Sachs Group, Inc. (The) ( GS ) had the largest percent change down (-7.46%) while Verizon Communications Inc. ( VZ ) had the largest percent change gain rising .44%.
NASDAQ Market Wrap
As of 11/12/2018 4:45:02 PM
BILLIONS OF 2.38 NASDAQ SHARES TRADED TODAY 10 STOCKS REACHED A 52 WEEK HIGH 120 THOSE REACHING LOWS TOTALEDAmerican Airlines Group, Inc. [AAL]TOPS ADVANCERS LISTOF NASDAQ 100 INDEX % 1.77 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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Align Technology, Inc. ( ALGN ) had the largest percent change down (-7.91%) while American Airlines Group, Inc. ( AAL ) had the largest percent change gain rising 1.77%. NASDAQ Market Wrap As of 11/12/2018 4:45:02 PM BILLIONS OF 2.38 NASDAQ SHARES TRADED TODAY 10 STOCKS REACHED A 52 WEEK HIGH 120 THOSE REACHING LOWS TOTALEDAmerican Airlines Group, Inc. [AAL]TOPS ADVANCERS LISTOF NASDAQ 100 INDEX % 1.77 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 -2.32% for the day; a total of -602.12 points.
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Align Technology, Inc. ( ALGN ) had the largest percent change down (-7.91%) while American Airlines Group, Inc. ( AAL ) had the largest percent change gain rising 1.77%. NASDAQ Market Wrap As of 11/12/2018 4:45:02 PM BILLIONS OF 2.38 NASDAQ SHARES TRADED TODAY 10 STOCKS REACHED A 52 WEEK HIGH 120 THOSE REACHING LOWS TOTALEDAmerican Airlines Group, Inc. [AAL]TOPS ADVANCERS LISTOF NASDAQ 100 INDEX % 1.77 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 10 stocks reached a 52 week high and 120 those reaching lows totaled.
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NASDAQ Market Wrap As of 11/12/2018 4:45:02 PM BILLIONS OF 2.38 NASDAQ SHARES TRADED TODAY 10 STOCKS REACHED A 52 WEEK HIGH 120 THOSE REACHING LOWS TOTALEDAmerican Airlines Group, Inc. [AAL]TOPS ADVANCERS LISTOF NASDAQ 100 INDEX % 1.77 ROSE The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. Align Technology, Inc. ( ALGN ) had the largest percent change down (-7.91%) while American Airlines Group, Inc. ( AAL ) had the largest percent change gain rising 1.77%. On the NASDAQ Stock Exchange 10 stocks reached a 52 week high and 120 those reaching lows totaled.
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NASDAQ Market Wrap As of 11/12/2018 4:45:02 PM BILLIONS OF 2.38 NASDAQ SHARES TRADED TODAY 10 STOCKS REACHED A 52 WEEK HIGH 120 THOSE REACHING LOWS TOTALEDAmerican Airlines Group, Inc. [AAL]TOPS ADVANCERS LISTOF NASDAQ 100 INDEX % 1.77 ROSE The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. Align Technology, Inc. ( ALGN ) had the largest percent change down (-7.91%) while American Airlines Group, Inc. ( AAL ) had the largest percent change gain rising 1.77%. There were 693 advancers and 2446 decliners for the day.
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6ae3ec4b-ac32-4575-9b97-a53c31b342c8
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6869.0
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2018-11-09 00:00:00 UTC
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Why American Airlines Group Inc. Stock Shed 15% Last Month
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AAL
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https://www.nasdaq.com/articles/why-american-airlines-group-inc-stock-shed-15-last-month-2018-11-09
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nan
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What happened
Shares of American Airlines Group Inc. (NASDAQ: AAL) lost altitude in October, falling 15% according to data from S&P Global Market Intelligence . Rising fuel prices and the broader market sell-off weighed on the stock, and even a pop on its third-quarter earnings report wasn't enough to overcome the headwinds last month.
As you can see from the chart below, American Airlines' slide largely tracked with the S&P 500 last month:
AAL data by YCharts .
So what
Rising fuel prices seemed to weigh on American Airlines and its peers in the first half of the month, as did Hurricanes Florence and Michael, which were expected to affect third- and fourth-quarter results. American shares fell 12% from Oct. 8 to Oct. 10 in anticipation of Hurricane Michael, and as rising interest rates sparked a broader market sell-off. The Fed's interest rate hikes could weigh on American's results -- the company carries a heavy debt burden of $25 billion.
However, the airline redeemed itself somewhat with its third-quarter earnings report on Oct. 25, which sent shares up 7%. Revenue increased 5.5% to $11.6 billion, but profit fell due to rising fuel costs as earnings per share came in at $1.13. That was down from $1.50 a year ago, but matched expenses. Management said higher fuel prices were the cause of the lower profit, costing the company an additional $750 million out of $10.7 billion in total operating expenses.
Still, the stock rose as passenger revenue per available seat mile, a key industry metric, rose 1.8%; investors seemed to be encouraged by the company's maintaining its EPS guidance at $4.50 to $5.00 per share for the full year.
Now what
The stock's momentum toward the end of the month has continued into November as oil prices have recently fallen, and shares of American Airlines still look dirt cheap based on this year's expected EPS at a price-to-earnings ratio of between 7 and 8.
Airline stocks have largely fallen this year on concerns about rising fuel prices, but as the recent turnaround in American shares shows, that sell-off may be overdone. If oil prices continue to fall, don't be surprised to see American and other airline stocks rising.
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Jeremy Bowman 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 Group Inc. (NASDAQ: AAL) lost altitude in October, falling 15% according to data from S&P Global Market Intelligence . As you can see from the chart below, American Airlines' slide largely tracked with the S&P 500 last month: AAL data by YCharts . So what Rising fuel prices seemed to weigh on American Airlines and its peers in the first half of the month, as did Hurricanes Florence and Michael, which were expected to affect third- and fourth-quarter results.
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What happened Shares of American Airlines Group Inc. (NASDAQ: AAL) lost altitude in October, falling 15% according to data from S&P Global Market Intelligence . As you can see from the chart below, American Airlines' slide largely tracked with the S&P 500 last month: AAL data by YCharts . Rising fuel prices and the broader market sell-off weighed on the stock, and even a pop on its third-quarter earnings report wasn't enough to overcome the headwinds last month.
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What happened Shares of American Airlines Group Inc. (NASDAQ: AAL) lost altitude in October, falling 15% according to data from S&P Global Market Intelligence . As you can see from the chart below, American Airlines' slide largely tracked with the S&P 500 last month: AAL data by YCharts . Now what The stock's momentum toward the end of the month has continued into November as oil prices have recently fallen, and shares of American Airlines still look dirt cheap based on this year's expected EPS at a price-to-earnings ratio of between 7 and 8.
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What happened Shares of American Airlines Group Inc. (NASDAQ: AAL) lost altitude in October, falling 15% according to data from S&P Global Market Intelligence . As you can see from the chart below, American Airlines' slide largely tracked with the S&P 500 last month: AAL data by YCharts . Airline stocks have largely fallen this year on concerns about rising fuel prices, but as the recent turnaround in American shares shows, that sell-off may be overdone.
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e1ca1afb-0880-41b0-8b18-842d88fb3a36
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6870.0
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2018-11-08 00:00:00 UTC
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Southwest Airlines (LUV) Load Factor Declines in October
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AAL
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https://www.nasdaq.com/articles/southwest-airlines-luv-load-factor-declines-in-october-2018-11-08
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nan
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nan
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Southwest Airlines Co . LUV reported traffic results for October 2018. Traffic (measured in revenue passenger miles or RPMs) rose 6% to around 11.32 billion while capacity or available seat miles (ASMs) expanded 7.7% to 13.4 billion.
However, load factor (percentage of seats filled by passengers) contracted 130 basis points (bps) to 84.5% in the month as traffic growth was exceeded by capacity expansion. Meanwhile, passenger count grew 4.2% to 14.07 million.
In the first 10 months of 2018, Southwest Airlines witnessed a 3.2% increase in RPMs to 110.93 billion. Also, ASMs inched up 3.5% to 132.83 billion. As a result, the load factor declined 30 bps to 83.5%. However, passenger count climbed 4% to 135.97 million on a year-to-date basis.
Southwest Airlines Co. Price
Southwest Airlines Co. Price | Southwest Airlines Co. Quote
Last month, this Zacks Rank #3 (Hold) company reported third-quarter financial numbers, delivering better-than-expected results. The company's earnings per share of $1.08, beat the Zacks Consensus Estimate of $1.06. Moreover, the bottom line ascended 22.7% on a year-over-year basis despite higher fuel prices. Results were aided by stronger revenues. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here .
Operating revenues of $5,575 million outpaced the Zacks Consensus Estimate of $5,557 million. The top line also rose year over year. (Read more: Southwest Q3 Earnings Top Estimates on Higher Revenues )
Other key airline players, namely American Airlines Group Inc. AAL , Spirit Airlines, Inc. SAVE and Alaska Air Group, Inc. ALK also announced third-quarter earnings figures in October. Each of the carriers pulled off better-than-expected performance in the reported quarter.
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Alaska Air Group, Inc. (ALK): Free Stock Analysis Report
Spirit Airlines, Inc. (SAVE): 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.
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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(Read more: Southwest Q3 Earnings Top Estimates on Higher Revenues ) Other key airline players, namely American Airlines Group Inc. AAL , Spirit Airlines, Inc. SAVE and Alaska Air Group, Inc. ALK also announced third-quarter earnings figures in October. Click to get this free report Alaska Air Group, Inc. (ALK): Free Stock Analysis Report Spirit Airlines, Inc. (SAVE): 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. However, load factor (percentage of seats filled by passengers) contracted 130 basis points (bps) to 84.5% in the month as traffic growth was exceeded by capacity expansion.
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(Read more: Southwest Q3 Earnings Top Estimates on Higher Revenues ) Other key airline players, namely American Airlines Group Inc. AAL , Spirit Airlines, Inc. SAVE and Alaska Air Group, Inc. ALK also announced third-quarter earnings figures in October. Click to get this free report Alaska Air Group, Inc. (ALK): Free Stock Analysis Report Spirit Airlines, Inc. (SAVE): 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. Southwest Airlines Co. Price Southwest Airlines Co. Price | Southwest Airlines Co. Quote Last month, this Zacks Rank #3 (Hold) company reported third-quarter financial numbers, delivering better-than-expected results.
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(Read more: Southwest Q3 Earnings Top Estimates on Higher Revenues ) Other key airline players, namely American Airlines Group Inc. AAL , Spirit Airlines, Inc. SAVE and Alaska Air Group, Inc. ALK also announced third-quarter earnings figures in October. Click to get this free report Alaska Air Group, Inc. (ALK): Free Stock Analysis Report Spirit Airlines, Inc. (SAVE): 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. Southwest Airlines Co. Price Southwest Airlines Co. Price | Southwest Airlines Co. Quote Last month, this Zacks Rank #3 (Hold) company reported third-quarter financial numbers, delivering better-than-expected results.
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Click to get this free report Alaska Air Group, Inc. (ALK): Free Stock Analysis Report Spirit Airlines, Inc. (SAVE): 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 Q3 Earnings Top Estimates on Higher Revenues ) Other key airline players, namely American Airlines Group Inc. AAL , Spirit Airlines, Inc. SAVE and Alaska Air Group, Inc. ALK also announced third-quarter earnings figures in October. In the first 10 months of 2018, Southwest Airlines witnessed a 3.2% increase in RPMs to 110.93 billion.
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e3314be0-7af8-4ac6-a56a-c10c69d8797c
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6871.0
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2018-11-08 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-2018-11-08
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nan
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American Airlines (AAL) closed at $36.86 in the latest trading session, marking a -0.3% move from the prior day. This change lagged the S&P 500's 0.25% loss on the day. Elsewhere, the Dow gained 0.04%, while the tech-heavy Nasdaq lost 0.53%.
Prior to today's trading, shares of the world's largest airline had gained 16.96% over the past month. This has outpaced the Transportation sector's loss of 3.33% and the S&P 500's loss of 2.35% in that time.
AAL will be looking to display strength as it nears its next earnings release, which is expected to be January 24, 2019. In that report, analysts expect AAL to post earnings of $0.96 per share. This would mark year-over-year growth of 1.05%. Meanwhile, our latest consensus estimate is calling for revenue of $11.08 billion, up 4.5% from the prior-year quarter.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $4.41 per share and revenue of $44.66 billion. These totals would mark changes of -9.63% and +5.8%, respectively, from last year.
Investors might also notice recent changes to analyst estimates for AAL. These revisions help to show the ever-changing nature of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 2.87% lower. AAL is holding a Zacks Rank of #3 (Hold) right now.
Digging into valuation, AAL currently has a Forward P/E ratio of 8.39. This represents a discount compared to its industry's average Forward P/E of 12.85.
Meanwhile, AAL's PEG ratio is currently 1.1. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. Transportation - Airline stocks are, on average, holding a PEG ratio of 0.68 based on yesterday's closing prices.
The Transportation - Airline industry is part of the Transportation sector. This industry currently has a Zacks Industry Rank of 202, which puts it in the bottom 21% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks. Com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
American Airlines Group Inc. (AAL): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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American Airlines (AAL) closed at $36.86 in the latest trading session, marking a -0.3% move from the prior day. AAL will be looking to display strength as it nears its next earnings release, which is expected to be January 24, 2019. In that report, analysts expect AAL to post earnings of $0.96 per share.
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American Airlines (AAL) closed at $36.86 in the latest trading session, marking a -0.3% move from the prior day. AAL will be looking to display strength as it nears its next earnings release, which is expected to be January 24, 2019. In that report, analysts expect AAL to post earnings of $0.96 per share.
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American Airlines (AAL) closed at $36.86 in the latest trading session, marking a -0.3% move from the prior day. AAL will be looking to display strength as it nears its next earnings release, which is expected to be January 24, 2019. In that report, analysts expect AAL to post earnings of $0.96 per share.
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American Airlines (AAL) closed at $36.86 in the latest trading session, marking a -0.3% move from the prior day. AAL will be looking to display strength as it nears its next earnings release, which is expected to be January 24, 2019. In that report, analysts expect AAL to post earnings of $0.96 per share.
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3375a501-57fc-4cbc-965f-5ce7cb045bef
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6872.0
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2018-11-07 00:00:00 UTC
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United Continental Arm to Boost New York-Shanghai Service
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AAL
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https://www.nasdaq.com/articles/united-continental-arm-to-boost-new-york-shanghai-service-2018-11-07
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nan
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nan
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United Continental Holdings, Inc .'s UAL wholly owned subsidiary United Airlines plans to add a flight between New York/Newark Liberty and Shanghai Pudong from June 2020 onward.
The company intends to launch a second daily flight on the route owing to growing demand for travel between the two places over the past few years. However, government approval for the same is still pending. To this end, the carrier recently submitted an application to the U.S. Department of Transportation. On approval of the proposal, United Airlines will offer a morning as well as an afternoon departure from both New York/Newark and Shanghai.
The additional flight frequency will strengthen the carrier's footprint in China. Notably, United Airlines began operations to China in 1986 and currently runs more than 90 weekly flights from the United States to Greater China, the maximum among all U.S. carriers.
United Airlines has been making continued efforts to expand operations worldwide. Recently, in another expansion related initiative, the company began non-stop flights connecting the San Francisco International Airport to the capital of Tahiti, i.e, Pape'ete. Moreover, the carrier has decided to extend the current seasonal service between the destinations to a year-round one from Mar 30, 2019 onward. The carrier also announced its decision to operate a daily non-stop service throughout the year to Amsterdam. The flights are likely to be operational from Mar 30, 2019.
With the earnings season on, let's shed some light on United Continental's third-quarter 2018 earnings report. The company's earnings (on an adjusted basis) of $3.06 per share fell short of the Zacks Consensus Estimate of $3.09. However, the bottom line improved year over year despite high fuel costs.
Operating revenues came in at $11,003 million, which outpaced the Zacks Consensus Estimate of $10,956.4 million. Moreover, the top-line figure was up 11.2% year over year. (Read more: United Continental's Q3 Earnings Miss, Revenues Beat )
Other key airline players like American Airlines Group Inc. AAL , Southwest Airlines Co. LUV and Alaska Air Group, Inc. ALK also released third-quarter earnings numbers in October. Each of the carriers delivered better-than-expected results in the quarter.
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
American Airlines Group Inc. (AAL): Free Stock Analysis Report
Southwest Airlines Co. (LUV): Free Stock Analysis Report
Alaska Air Group, Inc. (ALK): Free Stock Analysis Report
United Continental Holdings, Inc. (UAL): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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(Read more: United Continental's Q3 Earnings Miss, Revenues Beat ) Other key airline players like American Airlines Group Inc. AAL , Southwest Airlines Co. LUV and Alaska Air Group, Inc. ALK also released third-quarter earnings numbers in October. Click to get this free report American Airlines Group Inc. (AAL): Free Stock Analysis Report Southwest Airlines Co. (LUV): Free Stock Analysis Report Alaska Air Group, Inc. (ALK): Free Stock Analysis Report United Continental Holdings, Inc. (UAL): Free Stock Analysis Report To read this article on Zacks.com click here. 's UAL wholly owned subsidiary United Airlines plans to add a flight between New York/Newark Liberty and Shanghai Pudong from June 2020 onward.
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(Read more: United Continental's Q3 Earnings Miss, Revenues Beat ) Other key airline players like American Airlines Group Inc. AAL , Southwest Airlines Co. LUV and Alaska Air Group, Inc. ALK also released third-quarter earnings numbers in October. Click to get this free report American Airlines Group Inc. (AAL): Free Stock Analysis Report Southwest Airlines Co. (LUV): Free Stock Analysis Report Alaska Air Group, Inc. (ALK): Free Stock Analysis Report United Continental Holdings, Inc. (UAL): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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(Read more: United Continental's Q3 Earnings Miss, Revenues Beat ) Other key airline players like American Airlines Group Inc. AAL , Southwest Airlines Co. LUV and Alaska Air Group, Inc. ALK also released third-quarter earnings numbers in October. Click to get this free report American Airlines Group Inc. (AAL): Free Stock Analysis Report Southwest Airlines Co. (LUV): Free Stock Analysis Report Alaska Air Group, Inc. (ALK): Free Stock Analysis Report United Continental Holdings, Inc. (UAL): Free Stock Analysis Report To read this article on Zacks.com click here. Notably, United Airlines began operations to China in 1986 and currently runs more than 90 weekly flights from the United States to Greater China, the maximum among all U.S. carriers.
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Click to get this free report American Airlines Group Inc. (AAL): Free Stock Analysis Report Southwest Airlines Co. (LUV): Free Stock Analysis Report Alaska Air Group, Inc. (ALK): Free Stock Analysis Report United Continental Holdings, Inc. (UAL): Free Stock Analysis Report To read this article on Zacks.com click here. (Read more: United Continental's Q3 Earnings Miss, Revenues Beat ) Other key airline players like American Airlines Group Inc. AAL , Southwest Airlines Co. LUV and Alaska Air Group, Inc. ALK also released third-quarter earnings numbers in October. The flights are likely to be operational from Mar 30, 2019.
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1f7fc1b6-e3aa-4b99-a8e9-7c2270d76af5
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6873.0
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2018-11-07 00:00:00 UTC
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Ryanair (RYAAY) October Traffic Rises Despite Headwinds
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AAL
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https://www.nasdaq.com/articles/ryanair-ryaay-october-traffic-rises-despite-headwinds-2018-11-07
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nan
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nan
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Ryanair Holdings plcRYAAY posted impressive October traffic numbers despite numerous flight cancellations due to ATC staff shortages, inclement weather and labor-unrest. Traffic in the month (including 0.5 million from its LaudaMotion unit) rose 11% year over year to 13.1 million, while load factor remained unaltered at 96%. Traffic numbers were driven by cheap air fares.
Success of the Laudamotion unit's summer schedule also aided results. However, excluding traffic from LaudaMotion unit, this European low-cost carrier's passenger growth was only 7% in the month.
In October, Ryanair had to cancel more than 300 flights due to winter storms and a five-day airport handler strike at Brussels Zaventem as well as some adverse weather conditions (winter storms). Also, the carrier's service in the month was disrupted by the ATC staff shortages in the UK, Germany and France.
Continued labor unrest, high costs and other headwinds had impacted Ryanair's results in the first half of fiscal 2019 (ended Sep 30, 2018), disclosed last month. The headwinds resulted in a 7% decline in profit after tax to €1.2 billion.
For fiscal 2019, profit after tax (excluding Laudamotion) is projected between €1.10 billion and €1.25 billion. The carrier also remains concerned about a Brexit-related impact. Moreover, its fuel bill in the fiscal year is expected to be roughly €460m higher than the figure registered in fiscal 2018.
We note that Ryanair is not the only carrier to feel the pinch of a rise in fuel costs. Its U.S.- based counterparts like Delta Air Lines, Inc. DAL , American Airlines Group Inc. AAL and JetBlue Airways Corporation JBLU have also been hurt by increase in oil prices .
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
JetBlue Airways Corporation (JBLU): Free Stock Analysis Report
Ryanair Holdings PLC (RYAAY): Free Stock Analysis Report
Delta Air Lines, Inc. (DAL): 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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Its U.S.- based counterparts like Delta Air Lines, Inc. DAL , American Airlines Group Inc. AAL and JetBlue Airways Corporation JBLU have also been hurt by increase in oil prices . Click to get this free report JetBlue Airways Corporation (JBLU): Free Stock Analysis Report Ryanair Holdings PLC (RYAAY): Free Stock Analysis Report Delta Air Lines, Inc. (DAL): Free Stock Analysis Report American Airlines Group Inc. (AAL): Free Stock Analysis Report To read this article on Zacks.com click here. Ryanair Holdings plcRYAAY posted impressive October traffic numbers despite numerous flight cancellations due to ATC staff shortages, inclement weather and labor-unrest.
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Its U.S.- based counterparts like Delta Air Lines, Inc. DAL , American Airlines Group Inc. AAL and JetBlue Airways Corporation JBLU have also been hurt by increase in oil prices . Click to get this free report JetBlue Airways Corporation (JBLU): Free Stock Analysis Report Ryanair Holdings PLC (RYAAY): Free Stock Analysis Report Delta Air Lines, Inc. (DAL): Free Stock Analysis Report American Airlines Group Inc. (AAL): Free Stock Analysis Report To read this article on Zacks.com click here. Ryanair Holdings plcRYAAY posted impressive October traffic numbers despite numerous flight cancellations due to ATC staff shortages, inclement weather and labor-unrest.
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Click to get this free report JetBlue Airways Corporation (JBLU): Free Stock Analysis Report Ryanair Holdings PLC (RYAAY): Free Stock Analysis Report Delta Air Lines, Inc. (DAL): Free Stock Analysis Report American Airlines Group Inc. (AAL): Free Stock Analysis Report To read this article on Zacks.com click here. Its U.S.- based counterparts like Delta Air Lines, Inc. DAL , American Airlines Group Inc. AAL and JetBlue Airways Corporation JBLU have also been hurt by increase in oil prices . Traffic in the month (including 0.5 million from its LaudaMotion unit) rose 11% year over year to 13.1 million, while load factor remained unaltered at 96%.
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Its U.S.- based counterparts like Delta Air Lines, Inc. DAL , American Airlines Group Inc. AAL and JetBlue Airways Corporation JBLU have also been hurt by increase in oil prices . Click to get this free report JetBlue Airways Corporation (JBLU): Free Stock Analysis Report Ryanair Holdings PLC (RYAAY): Free Stock Analysis Report Delta Air Lines, Inc. (DAL): Free Stock Analysis Report American Airlines Group Inc. (AAL): Free Stock Analysis Report To read this article on Zacks.com click here. Ryanair Holdings plcRYAAY posted impressive October traffic numbers despite numerous flight cancellations due to ATC staff shortages, inclement weather and labor-unrest.
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8b93795e-08f0-43b7-a15b-b10bdcfe1d74
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6874.0
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2018-11-07 00:00:00 UTC
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The Zacks Analyst Blog Highlights: GOL Linhas Aereas Inteligentes S.A., Delta Air Lines, United Continental Holdings, Southwest Airlines and American Airlines Group
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AAL
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https://www.nasdaq.com/articles/the-zacks-analyst-blog-highlights%3A-gol-linhas-aereas-inteligentes-s.a.-delta-air-lines
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nan
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For Immediate Release
Chicago, IL - November 7, 2018 - 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 GOL Linhas Aereas Inteligentes S.A. GOL , Delta Air Lines, Inc. DAL , United Continental Holdings, Inc. UAL , Southwest Airlines Co. LUV and American Airlines Group Inc. AAL .
Today, Zacks is promoting its ''Buy'' stock recommendations. Get #1Stock of the Day pick for free.
Here are highlights from Tuesday's Analyst Blog:
Airline Stock Roundup: October Traffic Report & More
In the past week, Latin American carrier - GOL Linhas Aereas Inteligentes S.A. - reported wider-than-expected loss per share for third-quarter 2018. Results were hurt by high costs and currency-related headwinds.
On the non-earnings front, Delta Air Lines, Inc. released its traffic numbers for October. While traffic increased, load factor (percentage of seats filled with passengers) declined as traffic growth was outpaced by capacity expansion. Expansion-related updates from United Continental Holdings, Inc. and Southwest Airlines Co. also grabbed headlines over the past week.
(Read the last Airline Stock Roundup for Oct 31, 2018 )
Recap of the Past Week's Most Important Stories
1. Gol Linhas' incurred loss (excluding 27 cents from non-recurring items) of 32 cents per share, much wider than the Zacks Consensus Estimate of a loss of 10 cents. Meanwhile, net revenues came in at $734.3 million (R$2.89 billion), missing the Zacks Consensus Estimate of $737.2 million. Passenger revenues accounted for bulk of the top line and rose 8.9% on a year-over-year basis. This upside can be attributed to solid demand for air travel owing to a prospering Latin American economy. (Read more: Gol Linhas Q3 Loss Wider, Revenues Miss Estimates ).
Gol Linhas carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here .
2. At Delta, consolidated traffic - measured in revenue passenger miles (RPMs) - came in at 18.78 billion, up 2.7% year over year. Consolidated capacity (or available seat miles/ASMs) climbed 3.2% to 21.97 billion on a year-over-year basis. Strong demand for air travel led to the increase in traffic. (Read more: Delta's October Traffic Rises, Load Factor Declines ).
3. United Continental's wholly-owned subsidiary - United Airlines - launched non-stop flights connecting the San Francisco International Airport to the capital of Tahiti, Pape'ete. The flights, operational since Oct 30, will fly every Tuesday, Thursday and Sunday from San Francisco. Moreover, the carrier has decided to extend the current seasonal service between the destinations to a year-round one from Mar 30, 2019. (Read more: United Continental Unit Initiates Flight Services in Tahiti ).
4. In an effort to meet the surge in demand during the upcoming holiday season, Southwest Airlines has started operating new flights. To attain the objective of strengthening its presence in Northern California, this low-cost carrier aims to offer up to 98 departures (on a daily basis) to multiple destinations across the United States and Mexico by Nov 30, 2018. To this end, it has started operating flights between San Jose, Calif. and Tucson, Ariz. Southwest Airlines has also started operating daily flights between New York (LaGuardia) and New Orleans, apart from increasing the frequency of its flights on certain routes. This Dallas-based carrier has also decided to resume its seasonal daily operations on some international routes (like Austin and Cancun) as part of its expansion efforts.
5. In a bid to modernize its fleet, American Airlines Group Inc. has inked a firm order with Brazil's Embraer - the world's leading manufacturer of commercial planes up to 150 seats - for 15 E175 jets in a 76-seat configuration. The new jets will be delivered in 2020. The deal is valued at $705 million, based on current list prices. Following the latest order, American Airlines has a total of 104 E175 jets on order since 2013.
About Zacks Equity Research
Zacks Equity Research provides the best of quantitative and qualitative analysis to help investors know what stocks to buy and which to sell for the long-term.
Continuous coverage is provided for a universe of 1,150 publicly traded stocks. Our analysts are organized by industry which gives them keen insights to developments that affect company profits and stock performance. Recommendations and target prices are six-month time horizons.
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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 https://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
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
Gol Linhas Aereas Inteligentes S.A. (GOL): 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 GOL Linhas Aereas Inteligentes S.A. GOL , Delta Air Lines, Inc. DAL , United Continental Holdings, Inc. UAL , Southwest Airlines Co. LUV and American Airlines Group Inc. AAL . Click to get this free report United Continental Holdings, Inc. (UAL): Free Stock Analysis Report American Airlines Group Inc. (AAL): Free Stock Analysis Report Delta Air Lines, Inc. (DAL): Free Stock Analysis Report Southwest Airlines Co. (LUV): Free Stock Analysis Report Gol Linhas Aereas Inteligentes S.A. (GOL): Free Stock Analysis Report To read this article on Zacks.com click here. To attain the objective of strengthening its presence in Northern California, this low-cost carrier aims to offer up to 98 departures (on a daily basis) to multiple destinations across the United States and Mexico by Nov 30, 2018.
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Stocks recently featured in the blog include GOL Linhas Aereas Inteligentes S.A. GOL , Delta Air Lines, Inc. DAL , United Continental Holdings, Inc. UAL , Southwest Airlines Co. LUV and American Airlines Group Inc. AAL . Click to get this free report United Continental Holdings, Inc. (UAL): Free Stock Analysis Report American Airlines Group Inc. (AAL): Free Stock Analysis Report Delta Air Lines, Inc. (DAL): Free Stock Analysis Report Southwest Airlines Co. (LUV): Free Stock Analysis Report Gol Linhas Aereas Inteligentes S.A. (GOL): Free Stock Analysis Report To read this article on Zacks.com click here. Here are highlights from Tuesday's Analyst Blog: Airline Stock Roundup: October Traffic Report & More In the past week, Latin American carrier - GOL Linhas Aereas Inteligentes S.A. - reported wider-than-expected loss per share for third-quarter 2018.
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Stocks recently featured in the blog include GOL Linhas Aereas Inteligentes S.A. GOL , Delta Air Lines, Inc. DAL , United Continental Holdings, Inc. UAL , Southwest Airlines Co. LUV and American Airlines Group Inc. AAL . Click to get this free report United Continental Holdings, Inc. (UAL): Free Stock Analysis Report American Airlines Group Inc. (AAL): Free Stock Analysis Report Delta Air Lines, Inc. (DAL): Free Stock Analysis Report Southwest Airlines Co. (LUV): Free Stock Analysis Report Gol Linhas Aereas Inteligentes S.A. (GOL): Free Stock Analysis Report To read this article on Zacks.com click here. Here are highlights from Tuesday's Analyst Blog: Airline Stock Roundup: October Traffic Report & More In the past week, Latin American carrier - GOL Linhas Aereas Inteligentes S.A. - reported wider-than-expected loss per share for third-quarter 2018.
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Stocks recently featured in the blog include GOL Linhas Aereas Inteligentes S.A. GOL , Delta Air Lines, Inc. DAL , United Continental Holdings, Inc. UAL , Southwest Airlines Co. LUV and American Airlines Group Inc. AAL . Click to get this free report United Continental Holdings, Inc. (UAL): Free Stock Analysis Report American Airlines Group Inc. (AAL): Free Stock Analysis Report Delta Air Lines, Inc. (DAL): Free Stock Analysis Report Southwest Airlines Co. (LUV): Free Stock Analysis Report Gol Linhas Aereas Inteligentes S.A. (GOL): Free Stock Analysis Report To read this article on Zacks.com click here. Here are highlights from Tuesday's Analyst Blog: Airline Stock Roundup: October Traffic Report & More In the past week, Latin American carrier - GOL Linhas Aereas Inteligentes S.A. - reported wider-than-expected loss per share for third-quarter 2018.
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9204717c-dd76-427c-a965-2c3814da123f
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6875.0
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2018-11-07 00:00:00 UTC
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Wednesday Sector Leaders: Healthcare, Industrial
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AAL
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https://www.nasdaq.com/articles/wednesday-sector-leaders-healthcare-industrial-2018-11-07
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nan
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nan
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Looking at the sectors faring best as of midday Wednesday, shares of Healthcare companies are outperforming other sectors, up 2.9%. Within that group, DaVita Inc (Symbol: DVA) and Centene Corp (Symbol: CNC) are two large stocks leading the way, showing a gain of 11.2% and 9.6%, respectively. Among healthcare ETFs , one ETF following the sector is the Health Care Select Sector SPDR ETF (Symbol: XLV), which is up 2.8% on the day, and up 13.74% year-to-date. DaVita Inc, meanwhile, is up 6.53% year-to-date, and Centene Corp is up 42.21% year-to-date. Combined, DVA and CNC make up approximately 0.9% of the underlying holdings of XLV.
The next best performing sector is the Industrial sector, higher by 1.6%. Among large Industrial stocks, American Airlines Group Inc (Symbol: AAL) and Stericycle Inc. (Symbol: SRCL) are the most notable, showing a gain of 5.0% and 4.2%, respectively. One ETF closely tracking Industrial stocks is the Industrial Select Sector SPDR ETF ( XLI ), which is up 1.1% in midday trading, and down 2.30% on a year-to-date basis. American Airlines Group Inc, meanwhile, is down 28.24% year-to-date, and Stericycle Inc., is down 28.27% year-to-date. Combined, AAL and SRCL make up approximately 1.4% of the underlying holdings of XLI.
Comparing these stocks and ETFs on a trailing twelve month basis, below is a relative stock price performance chart, with each of the symbols shown in a different color as labeled in the legend at the bottom:
Here's a snapshot of how the S&P 500 components within the various sectors are faring in afternoon trading on Wednesday. As you can see, eight sectors are up on the day, while one sector is down.
25 Dividend Giants Widely Held By ETFs »
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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Combined, AAL and SRCL make up approximately 1.4% of the underlying holdings of XLI. Among large Industrial stocks, American Airlines Group Inc (Symbol: AAL) and Stericycle Inc. (Symbol: SRCL) are the most notable, showing a gain of 5.0% and 4.2%, respectively. Combined, DVA and CNC make up approximately 0.9% of the underlying holdings of XLV.
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Among large Industrial stocks, American Airlines Group Inc (Symbol: AAL) and Stericycle Inc. (Symbol: SRCL) are the most notable, showing a gain of 5.0% and 4.2%, respectively. Combined, AAL and SRCL make up approximately 1.4% of the underlying holdings of XLI. Within that group, DaVita Inc (Symbol: DVA) and Centene Corp (Symbol: CNC) are two large stocks leading the way, showing a gain of 11.2% and 9.6%, respectively.
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Among large Industrial stocks, American Airlines Group Inc (Symbol: AAL) and Stericycle Inc. (Symbol: SRCL) are the most notable, showing a gain of 5.0% and 4.2%, respectively. Combined, AAL and SRCL make up approximately 1.4% of the underlying holdings of XLI. Among healthcare ETFs , one ETF following the sector is the Health Care Select Sector SPDR ETF (Symbol: XLV), which is up 2.8% on the day, and up 13.74% year-to-date.
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Among large Industrial stocks, American Airlines Group Inc (Symbol: AAL) and Stericycle Inc. (Symbol: SRCL) are the most notable, showing a gain of 5.0% and 4.2%, respectively. Combined, AAL and SRCL make up approximately 1.4% of the underlying holdings of XLI. Among healthcare ETFs , one ETF following the sector is the Health Care Select Sector SPDR ETF (Symbol: XLV), which is up 2.8% on the day, and up 13.74% year-to-date.
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7bbc9a37-f77d-4fac-92f5-5f8555e02a53
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6876.0
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2018-11-07 00:00:00 UTC
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Why American Airlines Stock Popped 5.4%
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AAL
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https://www.nasdaq.com/articles/why-american-airlines-stock-popped-54-2018-11-07
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nan
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nan
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What happened
American Airlines (NASDAQ: AAL) stock is up 5.4% as of 12:50 p.m. EST -- apparently on no news whatsoever. What's behind the surging stock price?
I have a hunch: It's oil prices .
So what
Government reports show that domestic oil supplies rose for the seventh week in a row today, with gasoline stockpiles also rising. The news put continued pressure on oil prices, with U.S. benchmark West Texas Intermediate crude falling 1.1% to $61.53 per barrel in early trading Wednesday.
Now here's why this is important to American Airlines. Last month, American Airlines reported subpar earnings -- which it blamed on a 37.6% increase in the average cost of jet-fuel bought for its airplanes. Although the company isn't yet losing money -- its CEO has famously promised investors that his company will never lose money again -- the higher oil prices go, the more at-risk that promise becomes.
The fact that oil prices appear to have hit a ceiling and rebounded lower is therefore good news for American Airlines.
Now what
Analysts who follow the company expect American Airlines to resume growing earnings this quarter, projecting $1.03 per share in profits, up from $0.95 in last year's Q4. With fuel prices moderating, the chances American Airlines will meet (or beat) that consensus estimate have markedly increased.
10 stocks we like better than American Airlines Group
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Rich Smith has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy .
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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What happened American Airlines (NASDAQ: AAL) stock is up 5.4% as of 12:50 p.m. EST -- apparently on no news whatsoever. So what Government reports show that domestic oil supplies rose for the seventh week in a row today, with gasoline stockpiles also rising. The news put continued pressure on oil prices, with U.S. benchmark West Texas Intermediate crude falling 1.1% to $61.53 per barrel in early trading Wednesday.
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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 American Airlines (NASDAQ: AAL) stock is up 5.4% as of 12:50 p.m. EST -- apparently on no news whatsoever. 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 American Airlines (NASDAQ: AAL) stock is up 5.4% as of 12:50 p.m. EST -- apparently on no news whatsoever. 10 stocks we like better than American Airlines Group When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. * David and Tom just revealed what they believe are the 10 best stocks for investors to buy right now... and American Airlines Group wasn't one of them!
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What happened American Airlines (NASDAQ: AAL) stock is up 5.4% as of 12:50 p.m. EST -- apparently on no news whatsoever. I have a hunch: It's oil prices . The fact that oil prices appear to have hit a ceiling and rebounded lower is therefore good news for American Airlines.
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bafb73a7-58ae-4bcb-8763-ae34c2217941
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6877.0
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2018-11-06 00:00:00 UTC
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Airline Stock Roundup: GOL's Dismal Q3 Earnings, DAL's October Traffic Report & More
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AAL
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https://www.nasdaq.com/articles/airline-stock-roundup%3A-gols-dismal-q3-earnings-dals-october-traffic-report-more-2018-11-06
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nan
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nan
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In the past week, Latin American carrier - GOL Linhas Aereas Inteligentes S.A. GOL - reported wider-than-expected loss per share for third-quarter 2018. Results were hurt by high costs and currency-related headwinds.
On the non-earnings front, Delta Air Lines, Inc. DAL released its traffic numbers for October. While traffic increased, load factor (percentage of seats filled with passengers) declined as traffic growth was outpaced by capacity expansion. Expansion-related updates from United Continental Holdings, Inc. UAL and Southwest Airlines Co. LUV also grabbed headlines over the past week.
(Read the last Airline Stock Roundup for Oct 31, 2018 )
Recap of the Past Week's Most Important Stories
1. Gol Linhas' incurred loss (excluding 27 cents from non-recurring items) of 32 cents per share, much wider than the Zacks Consensus Estimate of a loss of 10 cents. Meanwhile, net revenues came in at $734.3 million (R$2.89 billion), missing the Zacks Consensus Estimate of $737.2 million. Passenger revenues accounted for bulk of the top line and rose 8.9% on a year-over-year basis. This upside can be attributed to solid demand for air travel owing to a prospering Latin American economy. (Read more: Gol Linhas Q3 Loss Wider, Revenues Miss Estimates ).
Gol Linhas carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here .
2. At Delta, consolidated traffic - measured in revenue passenger miles (RPMs) - came in at 18.78 billion, up 2.7% year over year. Consolidated capacity (or available seat miles/ASMs) climbed 3.2% to 21.97 billion on a year-over-year basis. Strong demand for air travel led to the increase in traffic. (Read more: Delta's October Traffic Rises, Load Factor Declines ).
3. United Continental's wholly-owned subsidiary - United Airlines - launched non-stop flights connecting the San Francisco International Airport to the capital of Tahiti, Pape'ete. The flights, operational since Oct 30, will fly every Tuesday, Thursday and Sunday from San Francisco. Moreover, the carrier has decided to extend the current seasonal service between the destinations to a year-round one from Mar 30, 2019. (Read more: United Continental Unit Initiates Flight Services in Tahiti ).
4. In an effort to meet the surge in demand during the upcoming holiday season, Southwest Airlines has started operating new flights. To attain the objective of strengthening its presence in Northern California, this low-cost carrier aims to offer up to 98 departures (on a daily basis) to multiple destinations across the United States and Mexico by Nov 30, 2018. To this end, it has started operating flights between San Jose, Calif. and Tucson, Ariz. Southwest Airlines has also started operating daily flights between New York (LaGuardia) and New Orleans, apart from increasing the frequency of its flights on certain routes. This Dallas-based carrier has also decided to resume its seasonal daily operations on some international routes (like Austin and Cancun) as part of its expansion efforts.
5. In a bid to modernize its fleet, American Airlines Group Inc. AAL has inked a firm order with Brazil's Embraer - the world's leading manufacturer of commercial planes up to 150 seats - for 15 E175 jets in a 76-seat configuration. The new jets will be delivered in 2020. The deal is valued at $705 million, based on current list prices. Following the latest order, American Airlines has a total of 104 E175 jets on order since 2013.
Price Performance
The following table shows the price movement of the major airline players over the last week and during the past six months.
The table above shows all airline stocks traded in the green over the last week leading to the NYSE ARCA Airline Index increasing 3% over the past week. Over the course of six months, the sector tracker declined almost 1%.
What's Next in the Airline Space?
Apart from the third-quarter earnings report of Azul S.A. AZUL scheduled to be revealed on Nov 8, investors will look forward to October traffic reports from the likes of United Continental and Allegiant Travel Company ALGT in the coming days.
Today's Stocks from Zacks' Hottest Strategies
It's hard to believe, even for us at Zacks. But while the market gained +21.9% in 2017, our top stock-picking screens have returned +115.0%, +109.3%, +104.9%, +98.6%, and +67.1%.
And this outperformance has not just been a recent phenomenon. Over the years it has been remarkably consistent. From 2000 - 2017, the composite yearly average gain for these strategies has beaten the market more than 19X over. Maybe even more remarkable is the fact that we're willing to share their latest stocks with you without cost or obligation.
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Allegiant Travel Company (ALGT): Free Stock Analysis Report
American Airlines Group Inc. (AAL): Free Stock Analysis Report
Southwest Airlines Co. (LUV): Free Stock Analysis Report
Gol Linhas Aereas Inteligentes S.A. (GOL): 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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In a bid to modernize its fleet, American Airlines Group Inc. AAL has inked a firm order with Brazil's Embraer - the world's leading manufacturer of commercial planes up to 150 seats - for 15 E175 jets in a 76-seat configuration. Click to get this free report Allegiant Travel Company (ALGT): Free Stock Analysis Report American Airlines Group Inc. (AAL): Free Stock Analysis Report Southwest Airlines Co. (LUV): Free Stock Analysis Report Gol Linhas Aereas Inteligentes S.A. (GOL): 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. To attain the objective of strengthening its presence in Northern California, this low-cost carrier aims to offer up to 98 departures (on a daily basis) to multiple destinations across the United States and Mexico by Nov 30, 2018.
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Click to get this free report Allegiant Travel Company (ALGT): Free Stock Analysis Report American Airlines Group Inc. (AAL): Free Stock Analysis Report Southwest Airlines Co. (LUV): Free Stock Analysis Report Gol Linhas Aereas Inteligentes S.A. (GOL): 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 a bid to modernize its fleet, American Airlines Group Inc. AAL has inked a firm order with Brazil's Embraer - the world's leading manufacturer of commercial planes up to 150 seats - for 15 E175 jets in a 76-seat configuration. In the past week, Latin American carrier - GOL Linhas Aereas Inteligentes S.A. GOL - reported wider-than-expected loss per share for third-quarter 2018.
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Click to get this free report Allegiant Travel Company (ALGT): Free Stock Analysis Report American Airlines Group Inc. (AAL): Free Stock Analysis Report Southwest Airlines Co. (LUV): Free Stock Analysis Report Gol Linhas Aereas Inteligentes S.A. (GOL): 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 a bid to modernize its fleet, American Airlines Group Inc. AAL has inked a firm order with Brazil's Embraer - the world's leading manufacturer of commercial planes up to 150 seats - for 15 E175 jets in a 76-seat configuration. To this end, it has started operating flights between San Jose, Calif. and Tucson, Ariz. Southwest Airlines has also started operating daily flights between New York (LaGuardia) and New Orleans, apart from increasing the frequency of its flights on certain routes.
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In a bid to modernize its fleet, American Airlines Group Inc. AAL has inked a firm order with Brazil's Embraer - the world's leading manufacturer of commercial planes up to 150 seats - for 15 E175 jets in a 76-seat configuration. Click to get this free report Allegiant Travel Company (ALGT): Free Stock Analysis Report American Airlines Group Inc. (AAL): Free Stock Analysis Report Southwest Airlines Co. (LUV): Free Stock Analysis Report Gol Linhas Aereas Inteligentes S.A. (GOL): 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 past week, Latin American carrier - GOL Linhas Aereas Inteligentes S.A. GOL - reported wider-than-expected loss per share for third-quarter 2018.
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2993f174-cc50-4511-82d2-55fd2d6cccc9
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6878.0
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2018-11-06 00:00:00 UTC
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4 Shipping Stocks Poised to Trump Estimates in Q3 Earnings
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AAL
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https://www.nasdaq.com/articles/4-shipping-stocks-poised-to-trump-estimates-in-q3-earnings-2018-11-06
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nan
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nan
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Rise in oil prices this year does not bode well for any transportation company and shipping stocks are no exception. This is because expenses associated with oil are considered one of the major input costs for any transportation player.
Per data provided by U.S. Energy Information Administration (EIA), the monthly average spot price of West Texas Intermediate (WTI) crude in July, August and September of 2018 was $70.98 per barrel, $68.06 and $70.23, respectively. The figures were much higher than the comparable year-ago readings of $46.63, $48.04 and $49.82, respectively.
In fact, the third-quarter earnings of key sector players like American Airlines Group Inc. AAL and Alaska Air Group ALK declined on a year-over-year basis mainly due to high fuel costs. Apart from high fuel costs, expenses on the labor front should also limit bottom-line growth of shipping stocks in the third quarter of 2018.
Silver Lining
Despite the abovementioned headwinds, we note that shipping stocks do have their share of positives. Increased demand for commodities from key emerging markets and Europe is a positive for the industry.
Additionally, the relatively stable performance of the Baltic Dry Index (a gauge of the shipping costs of raw materials such as iron ore, coal and grain), in a year's time, despite the headwinds, indicates that there is light at the end of the tunnel for shipping stocks.
Moreover, despite trade war related fears, the dry bulk shipping market continues to display signs of improvement. Improved fleet utilization and higher average spot rate are further positives for the industry.
Shipping Stocks' Q3: What's in Store?
Most transportation players having already unveiled their third-quarter numbers and only a handful reports from the space are still to come. The majority of these companies belong to the shipping space.
While high fuel costs and trade war fears are likely to weigh on the results, the abovementioned tailwinds should aid results.
Moreover, the Zacks Shipping industry currently carries a Zacks Industry Rank #85, which places it at the top 33% of more than 250 Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperforms the bottom 50% by a factor of more than 2 to 1.
How to Pick the Winners?
Shipping stocks still have their share of positives and therefore it will not be a bad idea to add companies from the space, with the potential to report better-than-expected earnings in Q3, to one's portfolio. An earnings beat more often than not boosts investor confidence in the stocks, which translates into rapid price appreciation.
However, picking the right stocks with the potential to trump Q3 earnings estimates is a difficult task. This is where the Zacks methodology shows its mettle.
Our research shows that stocks with the combination of a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) and a positive Earnings ESP have a higher chance - as high as 70% - of beating estimates. You can uncover the best stocks to buy or sell before they're reported with our Earnings ESP Filter .
Our Choices
Based on the above methodology, we have zeroed in on four shipping stocks that are likely to surpass the Zacks Consensus Estimate this earnings season.
Frontline Ltd. FRO , based in Hamilton, Bermuda, is a provider of seaborne transportation of crude oil and oil products. This Zacks Rank #3 company currently has an Earnings ESP of +30.77%. You can see the complete list of today's Zacks #1 Rank stocks here .
The company is scheduled to report results on Nov 30.
Frontline Ltd. Price and EPS Surprise
Frontline Ltd. Price and EPS Surprise | Frontline Ltd. Quote
Safe Bulkers, Inc. SB is a provider of marine dry bulk transportation services. The stock carries a Zacks Rank #3 and has an Earnings ESP of +30.77%. The company is scheduled to report results on Nov 7.
Safe Bulkers, Inc Price and EPS Surprise
Safe Bulkers, Inc Price and EPS Surprise | Safe Bulkers, Inc Quote
Teekay Tankers Ltd.TNK , based in Hamilton, Bermuda, provides international marine transportation of crude oil. The stock carries a Zacks Rank #3 and has an Earnings ESP of +5.40%. The company is scheduled to report its third-quarter results on Nov 15.
Teekay Tankers Ltd. Price and EPS Surprise
Teekay Tankers Ltd. Price and EPS Surprise | Teekay Tankers Ltd. Quote
Navios Maritime Partners L.P.NMM is an international owner and operator of dry cargo vessels, providing seaborne transportation services of dry bulk commodities. It carries a Zacks Rank #3 and has an Earnings ESP of +9.09%. The company is expected to report results on Nov 13.
Navios Maritime Partners LP Price and EPS Surprise
Navios Maritime Partners LP Price and EPS Surprise | Navios Maritime Partners LP Quote
Today's Stocks from Zacks' Hottest Strategies
It's hard to believe, even for us at Zacks. But while the market gained +21.9% in 2017, our top stock-picking screens have returned +115.0%, +109.3%, +104.9%, +98.6%, and +67.1%.
And this outperformance has not just been a recent phenomenon. Over the years it has been remarkably consistent. From 2000 - 2017, the composite yearly average gain for these strategies has beaten the market more than 19X over. Maybe even more remarkable is the fact that we're willing to share their latest stocks with you without cost or obligation.
See Them Free>>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Alaska Air Group, Inc. (ALK): Free Stock Analysis Report
American Airlines Group Inc. (AAL): Free Stock Analysis Report
Teekay Tankers Ltd. (TNK): Free Stock Analysis Report
Navios Maritime Partners LP (NMM): Free Stock Analysis Report
Safe Bulkers, Inc (SB): Free Stock Analysis Report
Frontline Ltd. (FRO): 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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In fact, the third-quarter earnings of key sector players like American Airlines Group Inc. AAL and Alaska Air Group ALK declined on a year-over-year basis mainly due to high fuel costs. Click to get this free report Alaska Air Group, Inc. (ALK): Free Stock Analysis Report American Airlines Group Inc. (AAL): Free Stock Analysis Report Teekay Tankers Ltd. (TNK): Free Stock Analysis Report Navios Maritime Partners LP (NMM): Free Stock Analysis Report Safe Bulkers, Inc (SB): Free Stock Analysis Report Frontline Ltd. (FRO): Free Stock Analysis Report To read this article on Zacks.com click here. Per data provided by U.S. Energy Information Administration (EIA), the monthly average spot price of West Texas Intermediate (WTI) crude in July, August and September of 2018 was $70.98 per barrel, $68.06 and $70.23, respectively.
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Click to get this free report Alaska Air Group, Inc. (ALK): Free Stock Analysis Report American Airlines Group Inc. (AAL): Free Stock Analysis Report Teekay Tankers Ltd. (TNK): Free Stock Analysis Report Navios Maritime Partners LP (NMM): Free Stock Analysis Report Safe Bulkers, Inc (SB): Free Stock Analysis Report Frontline Ltd. (FRO): Free Stock Analysis Report To read this article on Zacks.com click here. In fact, the third-quarter earnings of key sector players like American Airlines Group Inc. AAL and Alaska Air Group ALK declined on a year-over-year basis mainly due to high fuel costs. Safe Bulkers, Inc Price and EPS Surprise Safe Bulkers, Inc Price and EPS Surprise | Safe Bulkers, Inc Quote Teekay Tankers Ltd.TNK , based in Hamilton, Bermuda, provides international marine transportation of crude oil.
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Click to get this free report Alaska Air Group, Inc. (ALK): Free Stock Analysis Report American Airlines Group Inc. (AAL): Free Stock Analysis Report Teekay Tankers Ltd. (TNK): Free Stock Analysis Report Navios Maritime Partners LP (NMM): Free Stock Analysis Report Safe Bulkers, Inc (SB): Free Stock Analysis Report Frontline Ltd. (FRO): Free Stock Analysis Report To read this article on Zacks.com click here. In fact, the third-quarter earnings of key sector players like American Airlines Group Inc. AAL and Alaska Air Group ALK declined on a year-over-year basis mainly due to high fuel costs. Moreover, the Zacks Shipping industry currently carries a Zacks Industry Rank #85, which places it at the top 33% of more than 250 Zacks industries.
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In fact, the third-quarter earnings of key sector players like American Airlines Group Inc. AAL and Alaska Air Group ALK declined on a year-over-year basis mainly due to high fuel costs. Click to get this free report Alaska Air Group, Inc. (ALK): Free Stock Analysis Report American Airlines Group Inc. (AAL): Free Stock Analysis Report Teekay Tankers Ltd. (TNK): Free Stock Analysis Report Navios Maritime Partners LP (NMM): Free Stock Analysis Report Safe Bulkers, Inc (SB): Free Stock Analysis Report Frontline Ltd. (FRO): Free Stock Analysis Report To read this article on Zacks.com click here. Improved fleet utilization and higher average spot rate are further positives for the industry.
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3b4f94bc-3fa6-4d05-815c-0084d1638fa2
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6879.0
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2018-11-05 00:00:00 UTC
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Delta's (DAL) October Traffic Rises, Load Factor Declines
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AAL
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https://www.nasdaq.com/articles/deltas-dal-october-traffic-rises-load-factor-declines-2018-11-05
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nan
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nan
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Delta Air Lines, Inc . DAL reported traffic figures for October 2018. Consolidated traffic, measured in revenue passenger miles (RPMs), came in at 18.78 billion, up 2.7% year over year.
Consolidated capacity (or available seat miles/ASMs) climbed 3.2% to 21.97 billion on a year-over-year basis. Consolidated load factor or percentage of seats filled by passengers contracted 50 basis points (bps) to 85.5% due to capacity expansion exceeding traffic growth.
Additionally, the carrier recorded an on-time performance (mainline) of 90% and a completion factor (mainline) of 99.9%. Approximately, 16.5 million passengers boarded Delta in the month.
Delta Air Lines, Inc. Price
Delta Air Lines, Inc. Price | Delta Air Lines, Inc. Quote
On a year-to-date basis, this Zacks Rank #3 (Hold) company generated consolidated RPMs of 190.78 billion (up 3.2% year over year) and ASMs of 222.81 billion (up 3.4% year over year). Load factor in the period was 85.6% compared with 85.7% at the end of the same time frame a year ago. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here .
We remind investors that last month, the company reported better-than-expected earnings per share but lower-than-expected revenues for the third quarter of 2018. Quarterly earnings (excluding 11 cents from non-recurring items) of $1.80 per share surpassed the Zacks Consensus Estimate by 6 cents. The bottom line also improved on a year-over-year basis despite high fuel costs. Results were aided by stronger revenues.
Operating revenues came in at $11,953 million, marginally missing the Zacks Consensus Estimate of $11,956.9 million. However, the top line increased 8% from the year-ago figure. Strong demand for air travel boosted revenues. (Read more: Delta Beats on Q3 Earnings Despite High Fuel Costs )
Other key airline players, namely American Airlines Group Inc. AAL , Southwest Airlines Co. LUV and Alaska Air Group, Inc. ALK also announced third-quarter earnings figures in October. Each of the carriers delivered better-than-expected results in the quarter.
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Southwest Airlines Co. (LUV): Free Stock Analysis Report
Alaska Air Group, Inc. (ALK): Free Stock Analysis Report
Delta Air Lines, Inc. (DAL): 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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(Read more: Delta Beats on Q3 Earnings Despite High Fuel Costs ) Other key airline players, namely American Airlines Group Inc. AAL , Southwest Airlines Co. LUV and Alaska Air Group, Inc. ALK also announced third-quarter earnings figures in October. Click to get this free report Southwest Airlines Co. (LUV): Free Stock Analysis Report Alaska Air Group, Inc. (ALK): Free Stock Analysis Report Delta Air Lines, Inc. (DAL): Free Stock Analysis Report American Airlines Group Inc. (AAL): Free Stock Analysis Report To read this article on Zacks.com click here. Consolidated load factor or percentage of seats filled by passengers contracted 50 basis points (bps) to 85.5% due to capacity expansion exceeding traffic growth.
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(Read more: Delta Beats on Q3 Earnings Despite High Fuel Costs ) Other key airline players, namely American Airlines Group Inc. AAL , Southwest Airlines Co. LUV and Alaska Air Group, Inc. ALK also announced third-quarter earnings figures in October. Click to get this free report Southwest Airlines Co. (LUV): Free Stock Analysis Report Alaska Air Group, Inc. (ALK): Free Stock Analysis Report Delta Air Lines, Inc. (DAL): Free Stock Analysis Report American Airlines Group Inc. (AAL): Free Stock Analysis Report To read this article on Zacks.com click here. Delta Air Lines, Inc. Price Delta Air Lines, Inc. Price | Delta Air Lines, Inc. Quote On a year-to-date basis, this Zacks Rank #3 (Hold) company generated consolidated RPMs of 190.78 billion (up 3.2% year over year) and ASMs of 222.81 billion (up 3.4% year over year).
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(Read more: Delta Beats on Q3 Earnings Despite High Fuel Costs ) Other key airline players, namely American Airlines Group Inc. AAL , Southwest Airlines Co. LUV and Alaska Air Group, Inc. ALK also announced third-quarter earnings figures in October. Click to get this free report Southwest Airlines Co. (LUV): Free Stock Analysis Report Alaska Air Group, Inc. (ALK): Free Stock Analysis Report Delta Air Lines, Inc. (DAL): Free Stock Analysis Report American Airlines Group Inc. (AAL): Free Stock Analysis Report To read this article on Zacks.com click here. Delta Air Lines, Inc. Price Delta Air Lines, Inc. Price | Delta Air Lines, Inc. Quote On a year-to-date basis, this Zacks Rank #3 (Hold) company generated consolidated RPMs of 190.78 billion (up 3.2% year over year) and ASMs of 222.81 billion (up 3.4% year over year).
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(Read more: Delta Beats on Q3 Earnings Despite High Fuel Costs ) Other key airline players, namely American Airlines Group Inc. AAL , Southwest Airlines Co. LUV and Alaska Air Group, Inc. ALK also announced third-quarter earnings figures in October. Click to get this free report Southwest Airlines Co. (LUV): Free Stock Analysis Report Alaska Air Group, Inc. (ALK): Free Stock Analysis Report Delta Air Lines, Inc. (DAL): Free Stock Analysis Report American Airlines Group Inc. (AAL): Free Stock Analysis Report To read this article on Zacks.com click here. Delta Air Lines, Inc .
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c0898644-14d6-4912-939c-cb3b19d07acb
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6880.0
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2018-11-05 00:00:00 UTC
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After Hours Most Active for Nov 5, 2018 : KEYS, CMCSA, GE, INTC, PVTL, AAPL, QCOM, XOM, BAC, GG, AAL, EBAY
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AAL
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https://www.nasdaq.com/articles/after-hours-most-active-nov-5-2018-keys-cmcsa-ge-intc-pvtl-aapl-qcom-xom-bac-gg-aal-ebay
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The NASDAQ 100 After Hours Indicator is up 7.66 to 6,944.75. The total After hours volume is currently 67,596,063 shares traded.
The following are the most active stocks for the after hours session :
Keysight Technologies Inc. ( KEYS ) is -0.06 at $58.28, with 21,681,454 shares traded. As reported by Zacks, the current mean recommendation for KEYS is in the "strong buy range".
Comcast Corporation ( CMCSA ) is unchanged at $38.02, with 2,891,710 shares traded. As reported by Zacks, the current mean recommendation for CMCSA is in the "buy range".
General Electric Company ( GE ) is +0.0299 at $9.31, with 2,752,933 shares traded. GE's current last sale is 68.96% of the target price of $13.5.
Intel Corporation ( INTC ) is +0.01 at $47.98, with 2,481,136 shares traded. Over the last four weeks they have had 14 up revisions for the earnings forecast, for the fiscal quarter ending Dec 2018. The consensus EPS forecast is $1.22. INTC's current last sale is 87.24% of the target price of $55.
Pivotal Software, Inc. ( PVTL ) is unchanged at $18.70, with 2,340,239 shares traded. PVTL's current last sale is 74.8% of the target price of $25.
Apple Inc. ( AAPL ) is +0.09 at $201.68, with 2,240,013 shares traded. Over the last four weeks they have had 4 up revisions for the earnings forecast, for the fiscal quarter ending Mar 2019. The consensus EPS forecast is $3.04. AAPL's current last sale is 85.82% of the target price of $235.
QUALCOMM Incorporated ( QCOM ) is +0.585 at $64.06, with 2,214,346 shares traded.QCOM is scheduled to provide an earnings report on 11/7/2018, for the fiscal quarter ending Sep2018. The consensus earnings per share forecast is 0.7 per share, which represents a 82 percent increase over the EPS one Year Ago
Exxon Mobil Corporation ( XOM ) is +0.1 at $81.74, with 2,089,099 shares traded. XOM's current last sale is 92.89% of the target price of $88.
Bank of America Corporation ( BAC ) is -0.01 at $28.05, with 2,006,556 shares traded. BAC's current last sale is 79.01% of the target price of $35.5.
Goldcorp Inc. ( GG ) is -0.01 at $9.50, with 1,864,274 shares traded. GG's current last sale is 62.87% of the target price of $15.11.
American Airlines Group, Inc. ( AAL ) is unchanged at $35.72, with 1,824,541 shares traded. As reported by Zacks, the current mean recommendation for AAL is in the "buy range".
eBay Inc. ( EBAY ) is -0.01 at $29.63, with 1,331,194 shares traded. EBAY's current last sale is 81.18% of the target price of $36.5.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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American Airlines Group, Inc. ( AAL ) is unchanged at $35.72, with 1,824,541 shares traded. As reported by Zacks, the current mean recommendation for AAL is in the "buy range". The following are the most active stocks for the after hours session : Keysight Technologies Inc. ( KEYS ) is -0.06 at $58.28, with 21,681,454 shares traded.
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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. American Airlines Group, Inc. ( AAL ) is unchanged at $35.72, with 1,824,541 shares traded. As reported by Zacks, the current mean recommendation for AAL is in the "buy range".
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American Airlines Group, Inc. ( AAL ) is unchanged at $35.72, with 1,824,541 shares traded. As reported by Zacks, the current mean recommendation for AAL is in the "buy range". The consensus earnings per share forecast is 0.7 per share, which represents a 82 percent increase over the EPS one Year Ago Exxon Mobil Corporation ( XOM ) is +0.1 at $81.74, with 2,089,099 shares traded.
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American Airlines Group, Inc. ( AAL ) is unchanged at $35.72, with 1,824,541 shares traded. As reported by Zacks, the current mean recommendation for AAL is in the "buy range". The NASDAQ 100 After Hours Indicator is up 7.66 to 6,944.75.
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f9760046-38ae-45b6-8311-657c132c0953
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6881.0
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2018-11-02 00:00:00 UTC
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Notable Friday Option Activity: AAL, AMGN, QCOM
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AAL
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https://www.nasdaq.com/articles/notable-friday-option-activity-aal-amgn-qcom-2018-11-02
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nan
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Among the underlying components of the S&P 500 index, we saw noteworthy options trading volume today in American Airlines Group Inc (Symbol: AAL), where a total of 61,116 contracts have traded so far, representing approximately 6.1 million underlying shares. That amounts to about 47.7% of AAL's average daily trading volume over the past month of 12.8 million shares. Particularly high volume was seen for the $32 strike put option expiring December 21, 2018 , with 11,064 contracts trading so far today, representing approximately 1.1 million underlying shares of AAL. Below is a chart showing AAL's trailing twelve month trading history, with the $32 strike highlighted in orange:
Amgen Inc (Symbol: AMGN) saw options trading volume of 14,808 contracts, representing approximately 1.5 million underlying shares or approximately 45.1% of AMGN's average daily trading volume over the past month, of 3.3 million shares. Particularly high volume was seen for the $192.50 strike put option expiring November 02, 2018 , with 2,217 contracts trading so far today, representing approximately 221,700 underlying shares of AMGN. Below is a chart showing AMGN's trailing twelve month trading history, with the $192.50 strike highlighted in orange:
And Qualcomm Inc (Symbol: QCOM) options are showing a volume of 67,449 contracts thus far today. That number of contracts represents approximately 6.7 million underlying shares, working out to a sizeable 42.4% of QCOM's average daily trading volume over the past month, of 15.9 million shares. Especially high volume was seen for the $70 strike call option expiring January 18, 2019 , with 20,075 contracts trading so far today, representing approximately 2.0 million underlying shares of QCOM. Below is a chart showing QCOM's trailing twelve month trading history, with the $70 strike highlighted in orange:
For the various different available expirations for AAL options , AMGN options , or QCOM 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 $32 strike put option expiring December 21, 2018 , with 11,064 contracts trading so far today, representing approximately 1.1 million underlying shares of AAL. Among the underlying components of the S&P 500 index, we saw noteworthy options trading volume today in American Airlines Group Inc (Symbol: AAL), where a total of 61,116 contracts have traded so far, representing approximately 6.1 million underlying shares. That amounts to about 47.7% of AAL's average daily trading volume over the past month of 12.8 million shares.
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Particularly high volume was seen for the $32 strike put option expiring December 21, 2018 , with 11,064 contracts trading so far today, representing approximately 1.1 million underlying shares of AAL. Below is a chart showing AAL's trailing twelve month trading history, with the $32 strike highlighted in orange: Amgen Inc (Symbol: AMGN) saw options trading volume of 14,808 contracts, representing approximately 1.5 million underlying shares or approximately 45.1% of AMGN's average daily trading volume over the past month, of 3.3 million shares. Among the underlying components of the S&P 500 index, we saw noteworthy options trading volume today in American Airlines Group Inc (Symbol: AAL), where a total of 61,116 contracts have traded so far, representing approximately 6.1 million underlying shares.
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Among the underlying components of the S&P 500 index, we saw noteworthy options trading volume today in American Airlines Group Inc (Symbol: AAL), where a total of 61,116 contracts have traded so far, representing approximately 6.1 million underlying shares. Particularly high volume was seen for the $32 strike put option expiring December 21, 2018 , with 11,064 contracts trading so far today, representing approximately 1.1 million underlying shares of AAL. Below is a chart showing AAL's trailing twelve month trading history, with the $32 strike highlighted in orange: Amgen Inc (Symbol: AMGN) saw options trading volume of 14,808 contracts, representing approximately 1.5 million underlying shares or approximately 45.1% of AMGN's average daily trading volume over the past month, of 3.3 million shares.
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Particularly high volume was seen for the $32 strike put option expiring December 21, 2018 , with 11,064 contracts trading so far today, representing approximately 1.1 million underlying shares of AAL. Below is a chart showing AAL's trailing twelve month trading history, with the $32 strike highlighted in orange: Amgen Inc (Symbol: AMGN) saw options trading volume of 14,808 contracts, representing approximately 1.5 million underlying shares or approximately 45.1% of AMGN's average daily trading volume over the past month, of 3.3 million shares. Among the underlying components of the S&P 500 index, we saw noteworthy options trading volume today in American Airlines Group Inc (Symbol: AAL), where a total of 61,116 contracts have traded so far, representing approximately 6.1 million underlying shares.
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24bebad3-0482-4d57-8b00-7a725234c9b0
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6882.0
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2018-10-31 00:00:00 UTC
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Airline Stock Roundup: Q3 Earnings Beat at AAL, LUV & Others Amid Fuel Cost Woes
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AAL
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https://www.nasdaq.com/articles/airline-stock-roundup%3A-q3-earnings-beat-at-aal-luv-others-amid-fuel-cost-woes-2018-10-31
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nan
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In the past week, several airline companies like American Airlines Group Inc. AAL , Southwest Airlines Co. LUV , Spirit Airlines, Inc. SAVE , Alaska Air Group, Inc. ALK and SkyWest, Inc. SKYW released their respective third-quarter 2018 financial numbers.
Even though all the abovementioned carriers reported better-than-expected earnings per share, high fuel costs limited bottom-line growth. At American Airlines and Alaska Air Group quarterly earnings declined year over year due to rise in fuel costs.
While investors reacted positively to the earnings reports of the likes of American Airlines and Spirit Airlines, the Southwest Airlines stock declined following the earnings release despite the outperformance. With fuel costs already denting profitability, Southwest Airlines' commentary on the conference call that it expects unit costs (excluding fuel and profit sharing) to increase at least 3% in 2019 disappointed investors and sent the stock tumbling.
(Read the last Airline Stock Roundup for Oct 24, 2018 )
Recap of the Past Week's Most Important Stories
1. Spirit Airlines' third-quarter 2018 earnings per share (excluding 5 cents from non-recurring items) came in at $1.47, surpassing the Zacks Consensus Estimate of $1.39. Moreover, the bottom line soared 56.4% year over year.
The carrier recorded revenues of $904.3 million, marginally beating the Zacks Consensus Estimate of $904.1 million. Also, the top line improved 31.6% year over year owing to 24.6% and 3% rise in passenger segments and operating yields, respectively. (Read more: Spirit Airlines Up on Q3 Earnings & Revenue Beat ).
Spirit Airlines carries a Zacks Rank #2 (Buy). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here .
2. American Airlines' third-quarter 2018 earnings (excluding 39 cents from non-recurring items) of $1.13 per share exceeded the Zacks Consensus Estimate of $1.12. Revenues totaled $11,559 million, which outpaced the Zacks Consensus Estimate of $11,551.6 million. The top line also improved on a year-over-year basis. Strong demand for air travel led to this year-over-year improvement in the top line. For 2018, the carrier still expects adjusted earnings per share between $4.50 and $5. (Read more: American Airlines Q3 Earnings Top, Dip Y/Y on Cost Woes ).
3. Southwest Airlines' third-quarter 2018 earnings of $1.08 per share came well ahead of the Zacks Consensus Estimate by 2 cents. Despite higher fuel prices, the bottom line improved 22.7% on a year-over-year basis. Results were aided by stronger revenues.
Operating revenues of $5,575 million outpaced the Zacks Consensus Estimate of $5,557 million. The top line also rose year over year. Passenger revenues, accounting for bulk (93.2%) of the top line, increased 5.1% year over year. Economic fuel costs, which increased 8.7% to $2.25 per gallon in the third quarter, are estimated to be between $2.30 and $2.35 per gallon in the final quarter of 2018. (Read more: Southwest Q3 Earnings Top Estimates on Higher Revenues ).
4. Alaska Air Group reported third-quarter 2018 earnings per share (excluding 16 cents from non-recurring items) of $1.91, which exceeded the Zacks Consensus Estimate of $1.80.
Revenues came in at $2,212 million surpassing the Zacks Consensus Estimate of $2,203.9 million. Moreover, the top line increased 5% on a year-over-year basis. Passenger revenues, accounting for a bulk of the top line (92.4%), were up 4% year over year. (Read more: Alaska Air Group Q3 Earnings Top Estimates, Fall Y/Y ).
5. SkyWest's third-quarter 2018 earnings per share of $1.57 exceeded the Zacks Consensus Estimate by 16 cents and increased 55.5% on a year-over-year basis. A lower effective tax rate drove the company's bottom-line growth. Due to the new tax law (Tax Cuts and Jobs Act), effective tax rate in the reported quarter was 24.5% compared with 38% a year ago. Quarterly revenues came in at $829.3 million, beating the Zacks Consensus Estimate of $826.4 million. The top line benefited from the company's improved fleet mix. Tax rate is expected to be approximately 25% in the final quarter of 2018.
Price Performance
The following table shows the price movement of the major airline players over the past five trading days and during the last six months.
What's Next in the Airline Space?
Investors will look forward to October traffic reports from the likes of Delta Air Lines, Inc. DAL in the coming days. GOL Linhas Aéreas Inteligentes S.A.'s GOL third-quarter earnings report on Nov 1 is also likely to grab attention.
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Delta Air Lines, Inc. (DAL): Free Stock Analysis Report
Alaska Air Group, Inc. (ALK): Free Stock Analysis Report
Spirit Airlines, Inc. (SAVE): Free Stock Analysis Report
Gol Linhas Aereas Inteligentes S.A. (GOL): Free Stock Analysis Report
American Airlines Group Inc. (AAL): Free Stock Analysis Report
Southwest Airlines Co. (LUV): Free Stock Analysis Report
SkyWest, Inc. (SKYW): 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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In the past week, several airline companies like American Airlines Group Inc. AAL , Southwest Airlines Co. LUV , Spirit Airlines, Inc. SAVE , Alaska Air Group, Inc. ALK and SkyWest, Inc. SKYW released their respective third-quarter 2018 financial numbers. Click to get this free report Delta Air Lines, Inc. (DAL): Free Stock Analysis Report Alaska Air Group, Inc. (ALK): Free Stock Analysis Report Spirit Airlines, Inc. (SAVE): Free Stock Analysis Report Gol Linhas Aereas Inteligentes S.A. (GOL): Free Stock Analysis Report American Airlines Group Inc. (AAL): Free Stock Analysis Report Southwest Airlines Co. (LUV): Free Stock Analysis Report SkyWest, Inc. (SKYW): Free Stock Analysis Report To read this article on Zacks.com click here. Spirit Airlines' third-quarter 2018 earnings per share (excluding 5 cents from non-recurring items) came in at $1.47, surpassing the Zacks Consensus Estimate of $1.39.
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In the past week, several airline companies like American Airlines Group Inc. AAL , Southwest Airlines Co. LUV , Spirit Airlines, Inc. SAVE , Alaska Air Group, Inc. ALK and SkyWest, Inc. SKYW released their respective third-quarter 2018 financial numbers. Click to get this free report Delta Air Lines, Inc. (DAL): Free Stock Analysis Report Alaska Air Group, Inc. (ALK): Free Stock Analysis Report Spirit Airlines, Inc. (SAVE): Free Stock Analysis Report Gol Linhas Aereas Inteligentes S.A. (GOL): Free Stock Analysis Report American Airlines Group Inc. (AAL): Free Stock Analysis Report Southwest Airlines Co. (LUV): Free Stock Analysis Report SkyWest, Inc. (SKYW): Free Stock Analysis Report To read this article on Zacks.com click here. Alaska Air Group reported third-quarter 2018 earnings per share (excluding 16 cents from non-recurring items) of $1.91, which exceeded the Zacks Consensus Estimate of $1.80.
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In the past week, several airline companies like American Airlines Group Inc. AAL , Southwest Airlines Co. LUV , Spirit Airlines, Inc. SAVE , Alaska Air Group, Inc. ALK and SkyWest, Inc. SKYW released their respective third-quarter 2018 financial numbers. Click to get this free report Delta Air Lines, Inc. (DAL): Free Stock Analysis Report Alaska Air Group, Inc. (ALK): Free Stock Analysis Report Spirit Airlines, Inc. (SAVE): Free Stock Analysis Report Gol Linhas Aereas Inteligentes S.A. (GOL): Free Stock Analysis Report American Airlines Group Inc. (AAL): Free Stock Analysis Report Southwest Airlines Co. (LUV): Free Stock Analysis Report SkyWest, Inc. (SKYW): Free Stock Analysis Report To read this article on Zacks.com click here. While investors reacted positively to the earnings reports of the likes of American Airlines and Spirit Airlines, the Southwest Airlines stock declined following the earnings release despite the outperformance.
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Click to get this free report Delta Air Lines, Inc. (DAL): Free Stock Analysis Report Alaska Air Group, Inc. (ALK): Free Stock Analysis Report Spirit Airlines, Inc. (SAVE): Free Stock Analysis Report Gol Linhas Aereas Inteligentes S.A. (GOL): Free Stock Analysis Report American Airlines Group Inc. (AAL): Free Stock Analysis Report Southwest Airlines Co. (LUV): Free Stock Analysis Report SkyWest, Inc. (SKYW): Free Stock Analysis Report To read this article on Zacks.com click here. In the past week, several airline companies like American Airlines Group Inc. AAL , Southwest Airlines Co. LUV , Spirit Airlines, Inc. SAVE , Alaska Air Group, Inc. ALK and SkyWest, Inc. SKYW released their respective third-quarter 2018 financial numbers. At American Airlines and Alaska Air Group quarterly earnings declined year over year due to rise in fuel costs.
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a1d0a8d2-4fc7-45c0-8a7f-adf9fe00617a
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6883.0
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2018-10-31 00:00:00 UTC
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American Airlines (AAL) Outpaces Stock Market Gains: What You Should Know
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AAL
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https://www.nasdaq.com/articles/american-airlines-aal-outpaces-stock-market-gains%3A-what-you-should-know-2018-10-31
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nan
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American Airlines (AAL) closed at $35.29 in the latest trading session, marking a +1.82% move from the prior day. This change outpaced the S&P 500's 1.09% gain on the day. At the same time, the Dow added 0.97%, and the tech-heavy Nasdaq gained 2.01%.
Heading into today, shares of the world's largest airline had lost 9.97% over the past month, outpacing the Transportation sector's loss of 10.04% and lagging the S&P 500's loss of 7.81% in that time.
Wall Street will be looking for positivity from AAL as it approaches its next earnings report date. This is expected to be January 24, 2019. On that day, AAL is projected to report earnings of $0.94 per share, which would represent a year-over-year decline of 1.05%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $11.08 billion, up 4.5% from the year-ago period.
AAL's full-year Zacks Consensus Estimates are calling for earnings of $4.38 per share and revenue of $44.66 billion. These results would represent year-over-year changes of -10.25% and +5.8%, respectively.
Investors might also notice recent changes to analyst estimates for AAL. These revisions typically reflect the latest short-term business trends, which can change frequently. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
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 2.85% lower. AAL is holding a Zacks Rank of #3 (Hold) right now.
In terms of valuation, AAL is currently trading at a Forward P/E ratio of 7.91. This valuation marks a discount compared to its industry's average Forward P/E of 12.46.
Investors should also note that AAL has a PEG ratio of 1.04 right now. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. Transportation - Airline stocks are, on average, holding a PEG ratio of 0.64 based on yesterday's closing prices.
The Transportation - Airline industry is part of the Transportation sector. This industry currently has a Zacks Industry Rank of 206, which puts it in the bottom 19% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our 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.
You can find more information on all of these metrics, and much more, on Zacks.com.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
American Airlines Group Inc. (AAL): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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American Airlines (AAL) closed at $35.29 in the latest trading session, marking a +1.82% move from the prior day. Wall Street will be looking for positivity from AAL as it approaches its next earnings report date. On that day, AAL is projected to report earnings of $0.94 per share, which would represent a year-over-year decline of 1.05%.
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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 $35.29 in the latest trading session, marking a +1.82% move from the prior day. Wall Street will be looking for positivity from AAL as it approaches its next earnings report date.
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AAL's full-year Zacks Consensus Estimates are calling for earnings of $4.38 per share and revenue of $44.66 billion. American Airlines (AAL) closed at $35.29 in the latest trading session, marking a +1.82% move from the prior day. Wall Street will be looking for positivity from AAL as it approaches its next earnings report date.
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On that day, AAL is projected to report earnings of $0.94 per share, which would represent a year-over-year decline of 1.05%. American Airlines (AAL) closed at $35.29 in the latest trading session, marking a +1.82% move from the prior day. Wall Street will be looking for positivity from AAL as it approaches its next earnings report date.
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91c288df-5637-4175-a6d1-c0ccaf901050
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6884.0
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2018-10-29 00:00:00 UTC
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American Airlines Earnings: More Mediocrity
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AAL
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https://www.nasdaq.com/articles/american-airlines-earnings-more-mediocrity-2018-10-29
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nan
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American Airlines (NASDAQ: AAL) experienced a rapid rise in its profitability a few years ago, powered by the combination of a late-2013 merger with US Airways and falling oil prices . However, since early 2016, American's earnings power has receded just as quickly.
Last Thursday, the world's largest airline released yet another subpar earnings report. While American Airlines has several initiatives in the works that will hopefully stabilize its earnings soon , stiff (and growing) competition from United Continental (NYSE: UAL) will make it hard for American to achieve the kind of rebound that management seems to expect.
Profitability sinks yet again
Airlines have had to cope with a huge jump in the cost of jet fuel this year. This has weighed on profitability across the industry. But American Airlines has been particularly hard hit, as its unit revenue growth has slowed compared to that of rivals.
In the third quarter, American's revenue per available seat mile (RASM) rose a modest 2.6% year over year. That didn't come close to offsetting a 37.6% surge in the carrier's average jet-fuel price, which reached $2.30 per gallon. As a result, while American Airlines was able to limit its adjusted nonfuel unit cost increase to just 0.8% last quarter, its adjusted pre-tax margin plummeted to 6% -- right at the midpoint of management's quarterly guidance -- from 10.7% a year earlier.
For comparison, United Continental delivered a strong 5.7% RASM increase in the third quarter. And while United continued to trail Delta Air Lines ' margin performance by nearly 4 percentage points, its Q3 adjusted pre-tax margin of 9.7% was far better than what American Airlines managed. (To be fair, a portion of the margin discrepancy between United and American was due to differences in the seasonality of their businesses.)
Limited signs of improvement
Looking ahead to the fourth quarter, American Airlines is set to report a significantly smaller pre-tax margin decline -- but a decline nonetheless. Management currently projects that the carrier's adjusted pre-tax margin will come in between 4.5% and 6.5% this quarter, down from 7% a year ago.
Much of the projected improvement relates to the year-over-year fuel headwind beginning to subside. American Airlines expects to pay between $2.30 per gallon and $2.35 per gallon for jet fuel this quarter, which would be up 20% to 23% year over year. The carrier's guidance also calls for adjusted nonfuel unit costs to be flat, plus or minus 1 percentage point.
However, unit revenue growth will remain sluggish, mainly due to tough conditions in parts of Latin America . For the fourth quarter, management projects that RASM will rise 1.5% to 3.5%. That's roughly in line with American's performance last quarter and more than 1 percentage point below the level of unit revenue growth that Delta Air Lines and United Airlines expect to achieve.
The competitive environment won't get easier
The only real advantage that American Airlines stock has right now is its low price. After falling 36% year to date, the shares currently trade for about seven times the midpoint of the company's earnings-per-share guidance. While that's relatively cheap -- even for an airline stock -- American Airlines' balance sheet is weighed down by nearly $25 billion of debt and capital leases, creating a great deal of risk for shareholders.
American Airlines' stock performance, year to date. Data by YCharts .
If investors had good reason to expect a quick earnings recovery at American Airlines, the stock might be worth the risk. However, despite its cost-cutting efforts, American expects adjusted nonfuel unit costs to rise 1% to 2% next year -- a higher level of cost inflation than it's experiencing in the second half of 2018. There's also a substantial chance that fuel prices will continue to increase in 2019.
More troublingly, competition from United Airlines will continue to grow. Given that United has raised its earnings forecast several times in 2018 despite rising fuel prices, it's likely to maintain its plan for 4% to 6% annual capacity growth in 2019 (and 2020). This poses a threat to American Airlines' market share and profitability, due to the geographic overlap between the two airlines' route networks.
As a result, American Airlines could struggle to accelerate its RASM growth next year, despite the various revenue initiatives it has laid out. Until it proves it can withstand the competition from United, investors shouldn't be tempted by American Airlines' low stock price.
10 stocks we like better than American Airlines Group
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*Stock Advisor returns as of August 6, 2018
Adam Levine-Weinberg owns shares of DAL. 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 (NASDAQ: AAL) experienced a rapid rise in its profitability a few years ago, powered by the combination of a late-2013 merger with US Airways and falling oil prices . The competitive environment won't get easier The only real advantage that American Airlines stock has right now is its low price. Given that United has raised its earnings forecast several times in 2018 despite rising fuel prices, it's likely to maintain its plan for 4% to 6% annual capacity growth in 2019 (and 2020).
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American Airlines (NASDAQ: AAL) experienced a rapid rise in its profitability a few years ago, powered by the combination of a late-2013 merger with US Airways and falling oil prices . As a result, while American Airlines was able to limit its adjusted nonfuel unit cost increase to just 0.8% last quarter, its adjusted pre-tax margin plummeted to 6% -- right at the midpoint of management's quarterly guidance -- from 10.7% a year earlier. And while United continued to trail Delta Air Lines ' margin performance by nearly 4 percentage points, its Q3 adjusted pre-tax margin of 9.7% was far better than what American Airlines managed.
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American Airlines (NASDAQ: AAL) experienced a rapid rise in its profitability a few years ago, powered by the combination of a late-2013 merger with US Airways and falling oil prices . While American Airlines has several initiatives in the works that will hopefully stabilize its earnings soon , stiff (and growing) competition from United Continental (NYSE: UAL) will make it hard for American to achieve the kind of rebound that management seems to expect. As a result, while American Airlines was able to limit its adjusted nonfuel unit cost increase to just 0.8% last quarter, its adjusted pre-tax margin plummeted to 6% -- right at the midpoint of management's quarterly guidance -- from 10.7% a year earlier.
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American Airlines (NASDAQ: AAL) experienced a rapid rise in its profitability a few years ago, powered by the combination of a late-2013 merger with US Airways and falling oil prices . As a result, while American Airlines was able to limit its adjusted nonfuel unit cost increase to just 0.8% last quarter, its adjusted pre-tax margin plummeted to 6% -- right at the midpoint of management's quarterly guidance -- from 10.7% a year earlier. And while United continued to trail Delta Air Lines ' margin performance by nearly 4 percentage points, its Q3 adjusted pre-tax margin of 9.7% was far better than what American Airlines managed.
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b7c9f3ae-04ee-49cd-969d-3b496f7483ae
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6885.0
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2018-10-25 00:00:00 UTC
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American Airlines (AAL) Q3 Earnings Top, Dip Y/Y on Cost Woes
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AAL
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https://www.nasdaq.com/articles/american-airlines-aal-q3-earnings-top-dip-y-y-on-cost-woes-2018-10-25
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nan
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nan
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American Airlines Group Inc .'s AAL third-quarter 2018 earnings (excluding 39 cents from non-recurring items) of $1.13 per share surpassed the Zacks Consensus Estimate of $1.12. However, the bottom line decreased on a year-over-year basis, mainly due to high fuel costs.
Revenues of $11,559 million beat the Zacks Consensus Estimate of $11,551.6 million. The top line also 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 2.6% to 15.4 cents in the reported quarter. Consolidated yield rose 2.2%. Passenger revenue per available seat miles (PRASM) inched up 1.8%.
American Airlines Group Inc. Price, Consensus and EPS Surprise
American Airlines Group Inc. Price, Consensus and EPS Surprise | American Airlines Group Inc. Quote
While traffic (measured by revenue passenger miles) was up 2.3%, capacity (measured by average seat miles) was up 2.7%. However, consolidated load factor (percentage of seats filled by passengers) contracted 40 basis points to 82.4% as traffic growth was outpaced by capacity expansion.
Total operating expenses (on a reported basis) climbed 12.4% year over year to approximately $10,910 million due to the 42.6% surge in fuel costs. Expenses pertaining to salaries and benefits were up 3.3%. Consolidated operating costs per available seat miles (CASM: excluding fuel and special items) inched up 0.8%.
During the quarter under review, this Zacks Rank #5 (Strong Sell) company returned $46 million to shareholders through dividends. Furthermore, the carrier also declared a dividend of 10 cents per share. The dividend will be paid on Nov 20 to the shareholders of record on Nov 6. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here .
Meanwhile, the carrier deferred deliveries of 22 Airbus A321neos planes in a bid to reduce capital expenditures by $1.2 billion in 2019, 2020 and 2021.
Q4 & 2018 Outlook
TRASM is expected to increase in the band of 1.5-3.5% during the fourth quarter of 2018. Pre-tax margin excluding special items is projected in the range of 4.5-6.5% in the ongoing quarter. Additionally, fuel costs are estimated within $2.30-$2.35 per gallon in the current quarter. The company continues to predict CASM (excluding fuel and special items) to be flat year over year. Capacity is also unaltered at a rise of approximately 1.6% in the final quarter.
Adjusted earnings per share in 2018 are still anticipated between $4.50 and $5. The Zacks Consensus Estimate for full-year earnings is currently pegged at $4.23 per share. CASM (excluding fuel and special items) is forecast to rise approximately 1.5% in 2018. The company's capex projection for this year remains unchanged at $3.7 billion.
Upcoming Releases
Investors interested in the broader Zacks Transportation sector are keenly awaiting third-quarter earnings reports from key players, namely SkyWest, Inc. SKYW , C.H. Robinson Worldwide, Inc. CHRW and Triton International Limited TRTN . While SkyWest and C.H. Robinson will report third-quarter earnings on Oct 30, Triton International will release the same on Nov 2.
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SkyWest, Inc. (SKYW): Free Stock Analysis Report
American Airlines Group Inc. (AAL): Free Stock Analysis Report
Triton International Limited (TRTN): Free Stock Analysis Report
C.H. Robinson Worldwide, Inc. (CHRW): 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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's AAL third-quarter 2018 earnings (excluding 39 cents from non-recurring items) of $1.13 per share surpassed the Zacks Consensus Estimate of $1.12. Click to get this free report SkyWest, Inc. (SKYW): Free Stock Analysis Report American Airlines Group Inc. (AAL): Free Stock Analysis Report Triton International Limited (TRTN): Free Stock Analysis Report C.H. However, consolidated load factor (percentage of seats filled by passengers) contracted 40 basis points to 82.4% as traffic growth was outpaced by capacity expansion.
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Click to get this free report SkyWest, Inc. (SKYW): Free Stock Analysis Report American Airlines Group Inc. (AAL): Free Stock Analysis Report Triton International Limited (TRTN): Free Stock Analysis Report C.H. 's AAL third-quarter 2018 earnings (excluding 39 cents from non-recurring items) of $1.13 per share surpassed the Zacks Consensus Estimate of $1.12. American Airlines Group Inc. Price, Consensus and EPS Surprise American Airlines Group Inc. Price, Consensus and EPS Surprise | American Airlines Group Inc. Quote While traffic (measured by revenue passenger miles) was up 2.3%, capacity (measured by average seat miles) was up 2.7%.
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Click to get this free report SkyWest, Inc. (SKYW): Free Stock Analysis Report American Airlines Group Inc. (AAL): Free Stock Analysis Report Triton International Limited (TRTN): Free Stock Analysis Report C.H. 's AAL third-quarter 2018 earnings (excluding 39 cents from non-recurring items) of $1.13 per share surpassed the Zacks Consensus Estimate of $1.12. American Airlines Group Inc. Price, Consensus and EPS Surprise American Airlines Group Inc. Price, Consensus and EPS Surprise | American Airlines Group Inc. Quote While traffic (measured by revenue passenger miles) was up 2.3%, capacity (measured by average seat miles) was up 2.7%.
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Click to get this free report SkyWest, Inc. (SKYW): Free Stock Analysis Report American Airlines Group Inc. (AAL): Free Stock Analysis Report Triton International Limited (TRTN): Free Stock Analysis Report C.H. 's AAL third-quarter 2018 earnings (excluding 39 cents from non-recurring items) of $1.13 per share surpassed the Zacks Consensus Estimate of $1.12. Total operating expenses (on a reported basis) climbed 12.4% year over year to approximately $10,910 million due to the 42.6% surge in fuel costs.
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49df0415-e5d2-40f1-ba4e-be08dcae7858
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6886.0
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2018-10-25 00:00:00 UTC
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Earnings Data Deluge
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AAL
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https://www.nasdaq.com/articles/earnings-data-deluge-2018-10-25
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nan
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nan
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We take a pause from the heavy Q3 earnings season inflow for a moment - especially seeing as, to this point, we haven't seen any sort of spur to the upside 1/3 of the way through September quarter reports - to bring some new economic data ahead of the opening bell today. Plenty of grist for the mill today, even without considering new earnings reports.
As per typical every Thursday morning, Initial Jobless Claims hit the tape. And, as per typical going back at least as far as most of calendar 2018, results remain nothing short of fabulous: 215K new claims were tallied last week, up 5000 from an unrevised previous week's total, but still the best overall jobless claims picture we've seen since Lucille Ball still ruled TV.
Continuing Claims fell even further, to a near-preposterous 1.636 million. These numbers are insanely good, and not even major storms, such as Hurricane Michael ripping through the Florida panhandle, appear able to tame them.
September Durable Goods Orders were also reported this morning, with +0.8% on the headline lower than the robust +4.4% from the previous month, but much better than the -1.4% analysts had been expecting. Peel back some of these reads, however, and the numbers aren't quite so amazing: ex-Transportation this dwindles to +0.1%, and melts even further to -0.1% Capital Goods Orders, non-Defense, ex-Aircraft to -0.1%; +0.5% was the estimate.
No doubt these orders numbers are very volatile month over month, but there's no avoiding the +119% growth in commercial airlines for September. Non-Defense Capital Orders came in at a rather pedestrian -0.1%. So we see where the strength lay a month ago, subject to revision. The placid terrain elsewhere in goods trading also reflects questions companies have regarding further affects of the trade tariffs/trade war between the U.S. and China, as well as elsewhere around the globe.
Wholesale Inventories also came in below estimates, with a headline of +0.3%. Analysts had been looking for a +0.5% read ahead of the release. But overall, economic growth stemming from inventories is the least desirable, as they rely on future sales. If those sales don't materialize, inventories grow and need to be worked off. Inventories are sort of like the fat cells of the economic body's metabolism.
Now for the earnings front: Zacks Rank #1 (Strong Buy)-rated Twitter TWTR sent Q3 earnings out of the park this morning, putting up 21 cents per share for 50% earnings beat on $758 million in revenues, outpacing estimates by 7.8%. Shares had been up year-to-date by about 14.7%, and are soaring again in today's pre-market, +10%. For more on TWTR's earnings, click here.
Comcast Corp. CMCSA also outperformed on both top and bottom lines, with 65 cents per share surpassing the 61 cents expected and the 52 cents from the year-ago quarter. Revenues of $22.14 billion beat estimates by 1.78% and higher than Q3 2017's $20.98 billion. Shares had been down 14.8% year to date, but are now surging back 4.34% ahead of the opening bell. For more on CMCSA's earnings, click here.
Pharmaceutical major Merck MRK posted a 3-cent beat to $1.19 per share, or revenues of $10.79 billion which also slightly outperformed expectations. The Zacks Rank #3 (Hold) company has not put up a negative earnings surprise in nearly 5 full years. However, with shares having traded up more than 25% year to date, today's pre-market session is selling on the news by roughly 2%. For more on MRK's earnings, click here.
Oil & Gas supermajor ConocoPhillips COP , on the other hand, is up 2% in early trading following its strong Q3 earnings results: $1.36 per share outpaced the Zacks consensus of $1.17 by 16%, while revenues of $10.17 billion in the quarter represents a 7% beat. Shares of the Zacks Rank #2 (Buy) company were already up just shy of 20% year to date, with more room to in the pre-market. For more on COP's earnings, click here.
And American Airlines AAL , a Zacks Rank #5 (Strong Sell) ahead of its Q3 earnings reports, ekes out a modest beat on top and bottom lines this morning. Earnings of $1.13 per share beat estimates by a penny, and $11.56 billion in sales was technically a beat, up 0.06% for the quarter, and up respectably from the year-ago quarter's $10.88 billion. Thus, following a year-to-date performance -41.7%, American shares are clawing back 4.7% in today's pre-market. For more on AAL's earnings, click here.
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American Airlines Group Inc. (AAL): Free Stock Analysis Report
Twitter, Inc. (TWTR): Free Stock Analysis Report
Merck & Co., Inc. (MRK): Free Stock Analysis Report
Comcast Corporation (CMCSA): Free Stock Analysis Report
ConocoPhillips (COP): 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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And American Airlines AAL , a Zacks Rank #5 (Strong Sell) ahead of its Q3 earnings reports, ekes out a modest beat on top and bottom lines this morning. For more on AAL's earnings, click here. Click to get this free report American Airlines Group Inc. (AAL): Free Stock Analysis Report Twitter, Inc. (TWTR): Free Stock Analysis Report Merck & Co., Inc. (MRK): Free Stock Analysis Report Comcast Corporation (CMCSA): Free Stock Analysis Report ConocoPhillips (COP): Free Stock Analysis Report To read this article on Zacks.com click here.
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And American Airlines AAL , a Zacks Rank #5 (Strong Sell) ahead of its Q3 earnings reports, ekes out a modest beat on top and bottom lines this morning. Click to get this free report American Airlines Group Inc. (AAL): Free Stock Analysis Report Twitter, Inc. (TWTR): Free Stock Analysis Report Merck & Co., Inc. (MRK): Free Stock Analysis Report Comcast Corporation (CMCSA): Free Stock Analysis Report ConocoPhillips (COP): Free Stock Analysis Report To read this article on Zacks.com click here. For more on AAL's earnings, click here.
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Click to get this free report American Airlines Group Inc. (AAL): Free Stock Analysis Report Twitter, Inc. (TWTR): Free Stock Analysis Report Merck & Co., Inc. (MRK): Free Stock Analysis Report Comcast Corporation (CMCSA): Free Stock Analysis Report ConocoPhillips (COP): Free Stock Analysis Report To read this article on Zacks.com click here. And American Airlines AAL , a Zacks Rank #5 (Strong Sell) ahead of its Q3 earnings reports, ekes out a modest beat on top and bottom lines this morning. For more on AAL's earnings, click here.
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Click to get this free report American Airlines Group Inc. (AAL): Free Stock Analysis Report Twitter, Inc. (TWTR): Free Stock Analysis Report Merck & Co., Inc. (MRK): Free Stock Analysis Report Comcast Corporation (CMCSA): Free Stock Analysis Report ConocoPhillips (COP): Free Stock Analysis Report To read this article on Zacks.com click here. And American Airlines AAL , a Zacks Rank #5 (Strong Sell) ahead of its Q3 earnings reports, ekes out a modest beat on top and bottom lines this morning. For more on AAL's earnings, click here.
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c6b4d301-b054-41f2-b78e-67c1813c6572
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6887.0
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2018-10-25 00:00:00 UTC
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American Airlines (AAL) Surpasses Q3 Earnings and Revenue Estimates
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AAL
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https://www.nasdaq.com/articles/american-airlines-aal-surpasses-q3-earnings-and-revenue-estimates-2018-10-25
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nan
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American Airlines (AAL) came out with quarterly earnings of $1.13 per share, beating the Zacks Consensus Estimate of $1.12 per share. This compares to earnings of $1.42 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of 0.89%. A quarter ago, it was expected that this world's largest airline would post earnings of $1.59 per share when it actually produced earnings of $1.63, delivering a surprise of 2.52%.
Over the last four quarters, the company has surpassed consensus EPS estimates four times.
American Airlines, which belongs to the Zacks Transportation - Airline industry, posted revenues of $11.56 billion for the quarter ended September 2018, surpassing the Zacks Consensus Estimate by 0.06%. This compares to year-ago revenues of $10.88 billion. The company has topped consensus revenue estimates two times over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
American Airlines shares have lost about 41.7% since the beginning of the year versus the S&P 500's decline of -0.7%.
What's Next for American Airlines?
While American Airlines has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for American Airlines was unfavorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #5 (Strong Sell) for the stock. So, the shares are expected to underperform the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here .
It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $0.77 on $11.04 billion in revenues for the coming quarter and $4.23 on $44.62 billion in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Transportation - Airline is currently in the bottom 10% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
American Airlines Group Inc. (AAL): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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American Airlines (AAL) came out with quarterly earnings of $1.13 per share, beating the Zacks Consensus Estimate of $1.12 per share. Click to get this free report American Airlines Group Inc. (AAL): Free Stock Analysis Report To read this article on Zacks.com click here. There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook.
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American Airlines (AAL) came out with quarterly earnings of $1.13 per share, beating the Zacks Consensus Estimate of $1.12 per share. Click to get this free report American Airlines Group Inc. (AAL): Free Stock Analysis Report To read this article on Zacks.com click here. American Airlines, which belongs to the Zacks Transportation - Airline industry, posted revenues of $11.56 billion for the quarter ended September 2018, surpassing the Zacks Consensus Estimate by 0.06%.
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American Airlines (AAL) came out with quarterly earnings of $1.13 per share, beating the Zacks Consensus Estimate of $1.12 per share. Click to get this free report American Airlines Group Inc. (AAL): Free Stock Analysis Report To read this article on Zacks.com click here. American Airlines, which belongs to the Zacks Transportation - Airline industry, posted revenues of $11.56 billion for the quarter ended September 2018, surpassing the Zacks Consensus Estimate by 0.06%.
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American Airlines (AAL) came out with quarterly earnings of $1.13 per share, beating the Zacks Consensus Estimate of $1.12 per share. Click to get this free report American Airlines Group Inc. (AAL): Free Stock Analysis Report To read this article on Zacks.com click here. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #5 (Strong Sell) for the stock.
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74510a6e-43ad-49c7-9ec4-6c746983354c
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6888.0
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2018-10-25 00:00:00 UTC
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Here's Why American Airlines Is Flying 7% Higher Today
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AAL
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https://www.nasdaq.com/articles/heres-why-american-airlines-flying-7-higher-today-2018-10-25
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nan
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nan
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What happened?
Shares of American Airlines (NASDAQ: AAL) , a carrier with an average of nearly 6,700 flights per day to nearly 350 destinations in over 50 countries, were up 7% as of 11:28 a.m. EDT on Thursday after the company released third-quarter results.
So what
Healthy air-travel demand helped drive a 5.4% gain in total operating revenue, to a record $11.6 billion. Passenger revenue per available seat mile increased 1.8% thanks to a 2.2% increase in passenger yields. Adjusted earnings per share checked in at $1.13, and both the top and bottom lines just slightly beat analysts' estimates. Despite topping estimates, its pre-tax income (excluding special items) declined 41% to $688 million due to higher fuel costs and the impact of Hurricane Florence, which caused roughly 2,100 flight cancellations during September. In fact, higher fuel prices increased expenses by roughly $750 million, compared with the prior year.
In a press release, CEO Doug Parker said: "Strong demand for American's service led to record revenue in the third quarter and our eighth consecutive quarter of unit revenue growth. Our team continues to do an outstanding job of taking care of our customers, including during difficult situations such as Hurricanes Florence and Michael."
Now what
The good news for investors is that the carrier forecast unit revenue, a key metric comparing sales to flight capacity, is expected to rise between 1.5% to 3.5% during the fourth quarter, and adjusted pre-tax margins are expected to check in between 4.5% and 6.5%, which would peg earnings above analysts' estimates. That guidance gives investors confidence that American's move to adapt to higher costs through lower planned capacity growth and cancellations of unprofitable flights is paying off.
Furthermore, if management can deliver revenue growth through expanded product segmentation and high-margin growth prospects in highly profitable hubs, as the company believes it can, it suggests a solid 2019 could be on the way. For a company that's traded lower throughout 2018, the third-quarter results and optimism going forward were enough to push the stock 7% higher Thursday.
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 August 6, 2018
Daniel Miller 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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Shares of American Airlines (NASDAQ: AAL) , a carrier with an average of nearly 6,700 flights per day to nearly 350 destinations in over 50 countries, were up 7% as of 11:28 a.m. EDT on Thursday after the company released third-quarter results. Despite topping estimates, its pre-tax income (excluding special items) declined 41% to $688 million due to higher fuel costs and the impact of Hurricane Florence, which caused roughly 2,100 flight cancellations during September. That guidance gives investors confidence that American's move to adapt to higher costs through lower planned capacity growth and cancellations of unprofitable flights is paying off.
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Shares of American Airlines (NASDAQ: AAL) , a carrier with an average of nearly 6,700 flights per day to nearly 350 destinations in over 50 countries, were up 7% as of 11:28 a.m. EDT on Thursday after the company released third-quarter results. In fact, higher fuel prices increased expenses by roughly $750 million, compared with the prior year. That guidance gives investors confidence that American's move to adapt to higher costs through lower planned capacity growth and cancellations of unprofitable flights is paying off.
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Shares of American Airlines (NASDAQ: AAL) , a carrier with an average of nearly 6,700 flights per day to nearly 350 destinations in over 50 countries, were up 7% as of 11:28 a.m. EDT on Thursday after the company released third-quarter results. In a press release, CEO Doug Parker said: "Strong demand for American's service led to record revenue in the third quarter and our eighth consecutive quarter of unit revenue growth. Now what The good news for investors is that the carrier forecast unit revenue, a key metric comparing sales to flight capacity, is expected to rise between 1.5% to 3.5% during the fourth quarter, and adjusted pre-tax margins are expected to check in between 4.5% and 6.5%, which would peg earnings above analysts' estimates.
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Shares of American Airlines (NASDAQ: AAL) , a carrier with an average of nearly 6,700 flights per day to nearly 350 destinations in over 50 countries, were up 7% as of 11:28 a.m. EDT on Thursday after the company released third-quarter results. Despite topping estimates, its pre-tax income (excluding special items) declined 41% to $688 million due to higher fuel costs and the impact of Hurricane Florence, which caused roughly 2,100 flight cancellations during September. In a press release, CEO Doug Parker said: "Strong demand for American's service led to record revenue in the third quarter and our eighth consecutive quarter of unit revenue growth.
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83ba0597-7dc2-4e78-bb75-ed79dcc499fc
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6889.0
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2018-10-23 00:00:00 UTC
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Noteworthy Tuesday Option Activity: CVX, MBI, AAL
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AAL
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https://www.nasdaq.com/articles/noteworthy-tuesday-option-activity-cvx-mbi-aal-2018-10-23
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nan
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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 Chevron Corporation (Symbol: CVX), where a total volume of 32,731 contracts has been traded thus far today, a contract volume which is representative of approximately 3.3 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 55.4% of CVX's average daily trading volume over the past month, of 5.9 million shares. Particularly high volume was seen for the $130 strike call option expiring December 21, 2018 , with 3,160 contracts trading so far today, representing approximately 316,000 underlying shares of CVX. Below is a chart showing CVX's trailing twelve month trading history, with the $130 strike highlighted in orange:
MBIA Inc. (Symbol: MBI) options are showing a volume of 3,656 contracts thus far today. That number of contracts represents approximately 365,600 underlying shares, working out to a sizeable 54.1% of MBI's average daily trading volume over the past month, of 675,665 shares. Especially high volume was seen for the $9 strike put option expiring January 18, 2019 , with 1,715 contracts trading so far today, representing approximately 171,500 underlying shares of MBI. Below is a chart showing MBI's trailing twelve month trading history, with the $9 strike highlighted in orange:
And American Airlines Group Inc (Symbol: AAL) options are showing a volume of 54,284 contracts thus far today. That number of contracts represents approximately 5.4 million underlying shares, working out to a sizeable 53% of AAL's average daily trading volume over the past month, of 10.2 million shares. Especially high volume was seen for the $32 strike call option expiring November 16, 2018 , with 11,009 contracts trading so far today, representing approximately 1.1 million underlying shares of AAL. Below is a chart showing AAL's trailing twelve month trading history, with the $32 strike highlighted in orange:
For the various different available expirations for CVX options , MBI 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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Especially high volume was seen for the $32 strike call option expiring November 16, 2018 , with 11,009 contracts trading so far today, representing approximately 1.1 million underlying shares of AAL. Below is a chart showing MBI's trailing twelve month trading history, with the $9 strike highlighted in orange: And American Airlines Group Inc (Symbol: AAL) options are showing a volume of 54,284 contracts thus far today. That number of contracts represents approximately 5.4 million underlying shares, working out to a sizeable 53% of AAL's average daily trading volume over the past month, of 10.2 million shares.
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That number of contracts represents approximately 5.4 million underlying shares, working out to a sizeable 53% of AAL's average daily trading volume over the past month, of 10.2 million shares. Below is a chart showing MBI's trailing twelve month trading history, with the $9 strike highlighted in orange: And American Airlines Group Inc (Symbol: AAL) options are showing a volume of 54,284 contracts thus far today. Especially high volume was seen for the $32 strike call option expiring November 16, 2018 , with 11,009 contracts trading so far today, representing approximately 1.1 million underlying shares of AAL.
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That number of contracts represents approximately 5.4 million underlying shares, working out to a sizeable 53% of AAL's average daily trading volume over the past month, of 10.2 million shares. Especially high volume was seen for the $32 strike call option expiring November 16, 2018 , with 11,009 contracts trading so far today, representing approximately 1.1 million underlying shares of AAL. Below is a chart showing MBI's trailing twelve month trading history, with the $9 strike highlighted in orange: And American Airlines Group Inc (Symbol: AAL) options are showing a volume of 54,284 contracts thus far today.
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That number of contracts represents approximately 5.4 million underlying shares, working out to a sizeable 53% of AAL's average daily trading volume over the past month, of 10.2 million shares. Below is a chart showing AAL's trailing twelve month trading history, with the $32 strike highlighted in orange: For the various different available expirations for CVX options , MBI options , or AAL options , visit StockOptionsChannel.com. Below is a chart showing MBI's trailing twelve month trading history, with the $9 strike highlighted in orange: And American Airlines Group Inc (Symbol: AAL) options are showing a volume of 54,284 contracts thus far today.
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4af2ca7d-26ec-4e98-8cf4-5a01dff46654
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6890.0
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2018-10-22 00:00:00 UTC
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Will High Fuel Costs Mar American Airlines' (AAL) Q3 Earnings?
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AAL
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https://www.nasdaq.com/articles/will-high-fuel-costs-mar-american-airlines-aal-q3-earnings-2018-10-22
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nan
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nan
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American Airlines Group Inc.AAL is scheduled to report its third-quarter 2018 earnings numbers on Oct 25, before the market opens.
In the last reported quarter, the company delivered a positive earnings surprise of 2.5%. However, the bottom line contracted on a year-over-year basis due to high fuel costs.
Notably, this Fort Worth, TX-based carrier is likely to face turbulence in the third quarter as well due to high fuel costs. Hurricane Florence is also anticipated to hurt earnings in the to-be-reported quarter.
The negative sentiment surrounding the stock can be gauged from the fact that the Zacks Consensus Estimate for third-quarter earnings moved south 5.1% over the last 60 days.
Mainly due to rise in fuel costs, American Airlines has struggled so far this year performing worse than its industry . The stock has lost 38.4% compared with its industry's 21.1% decline.
Year-to-Date Price Performance
Let's delve deep to find out the factors likely to impact American Airlines'third-quarter results.
High fuel costs are expected to limit bottom-line growth in the third quarter of 2018, as has been the case over the past few quarters. At an Investor Update, on Oct 9, the company raised its third-quarter guidance for fuel costs. Currently, fuel cost per gallon is anticipated between $2.28 and $2.33 (the previous view had projected the metric in the $2.22-$2.27 band).
American Airlines expects Hurricane Florence to hurt its third-quarter revenues and pre-tax income by approximately $55 million and $50 million, respectively. The weather disruption is also anticipated to weigh on its third-quarter unit revenues to the tune of roughly 50 basis points. In September, the carrier had to cancel roughly 2,100 flights due to the natural calamity.
Apart from American Airlines, third-quarter results of other carriers like Southwest Airlines Co. LUV and JetBlue Airways Corporation JBLU are likely to be hurt by the natural calamity and high fuel costs.
However, strong demand for air travel is expected to boost American Airlines' top line in the soon-to-be-reported quarter. The carrier expects total revenue per available seat miles (TRASM: a key measure of unit revenue) to increase in the range of 2-3% year over year. Pre-tax margin is expected between 5% and 7%.
American Airlines Group Inc. Price and EPS Surprise
American Airlines Group Inc. Price and EPS Surprise | American Airlines Group Inc. Quote
What Does Our Model Say?
Our proven model too does not show conclusively that American Airlines will beat earnings in third-quarter 2018. This is because a stock needs to have both - a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) - for this to happen. However, that is not the case as highlighted below.
Earnings ESP: American Airlines has an Earnings ESP of 0.00% as both the Most Accurate Estimate is in line with the Zacks Consensus Estimate of $1.12 per share. You can uncover the best stocks to buy or sell before they're reported with our Earnings ESP Filter .
Zacks Rank: American Airlines' Zacks Rank #5 (Strong Sell) acts as a spoiler.
Note that we caution against stocks with a Zacks Ranks #4 (Sell) or 5 going into an earnings announcement, especially when the company is seeing a negative estimate revision.
A Transportation Gem
With American Airlines likely to disappoint, investors interested in the broader Transportation sector may consider Union Pacific Corporation UNP as our model shows that this company possesses the right combination of elements to post an earnings beat in its upcoming release.
Union Pacific has an Earnings ESP of +0.57% and a Zacks Rank #2. The company will report third-quarter results on Oct 25. You can see the complete list of today's Zacks #1 Rank stocks here .
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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
Union Pacific Corporation (UNP): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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American Airlines Group Inc.AAL is scheduled to report its third-quarter 2018 earnings numbers on Oct 25, before the market opens. Click to get this free 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 Union Pacific Corporation (UNP): Free Stock Analysis Report To read this article on Zacks.com click here. Notably, this Fort Worth, TX-based carrier is likely to face turbulence in the third quarter as well due to high fuel costs.
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Click to get this free 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 Union Pacific Corporation (UNP): Free Stock Analysis Report To read this article on Zacks.com click here. American Airlines Group Inc.AAL is scheduled to report its third-quarter 2018 earnings numbers on Oct 25, before the market opens. Apart from American Airlines, third-quarter results of other carriers like Southwest Airlines Co. LUV and JetBlue Airways Corporation JBLU are likely to be hurt by the natural calamity and high fuel costs.
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Click to get this free 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 Union Pacific Corporation (UNP): Free Stock Analysis Report To read this article on Zacks.com click here. American Airlines Group Inc.AAL is scheduled to report its third-quarter 2018 earnings numbers on Oct 25, before the market opens. Apart from American Airlines, third-quarter results of other carriers like Southwest Airlines Co. LUV and JetBlue Airways Corporation JBLU are likely to be hurt by the natural calamity and high fuel costs.
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American Airlines Group Inc.AAL is scheduled to report its third-quarter 2018 earnings numbers on Oct 25, before the market opens. Click to get this free 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 Union Pacific Corporation (UNP): Free Stock Analysis Report To read this article on Zacks.com click here. Mainly due to rise in fuel costs, American Airlines has struggled so far this year performing worse than its industry .
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1099ae2d-00fb-49f8-bcab-690be3fcc457
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6891.0
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2018-10-22 00:00:00 UTC
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Is American Airlines Recession-Proof?
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AAL
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https://www.nasdaq.com/articles/american-airlines-recession-proof-2018-10-22
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nan
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nan
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In recent years, American Airlines (NASDAQ: AAL) CEO Doug Parker has been one of the most vocal advocates of the idea that industry consolidation has permanently transformed the U.S. airline business. Whereas airlines have historically lost huge sums of money during periodic industry busts, Parker has boasted that American Airlines will never lose money again.
Yet on the surface, management's optimistic outlook seems to clash with a trajectory of declining profits at American Airlines. If the company is struggling to maintain its profitability in a robust economy, one could reasonably wonder how it would do in an economic downturn. Indeed, American Airlines stock is down 38% year to date, so investors clearly are skeptical.
American Airlines Year-to-Date Stock Performance. Data by YCharts .
Let's take a look at what might happen to American Airlines if there is a recession in the next few years.
Pretax margin has been sinking
Over the past two years or so, American Airlines has experienced sharp margin erosion . In 2016, the company achieved a 12.6% adjusted pretax margin, but that fell to 9.1% in 2017.
In the first half of 2018, American Airlines' adjusted pretax margin fell by another 4 percentage points. It expects a similar margin decline in the third quarter, although the year-over-year profit pressure should hopefully start to ease in the fourth quarter.
American's management blames the margin declines on a combination of rising labor costs -- as it brought employees' wages up to industry-standard levels -- and the speedy run-up in fuel prices. However, in the medium term, American Airlines executives expect to recover fuel cost increases through higher fares. A variety of other revenue and cost initiatives should add to its prospects for a profit rebound.
How American Airlines plans to turn things around
Last September, American Airlines announced ambitious profit-improvement goals at its investor day conference. Management touted opportunities to improve annual profitability by $3.9 billion by 2021.
This figure should be taken with a grain of salt. After all, American Airlines expected to capture about $1.5 billion of the total $3.9 billion opportunity in 2018, yet profit is on track to decline significantly year over year. Nevertheless, if fuel price headwinds moderate next year, these revenue and cost initiatives should help the carrier stabilize its profitability. American Airlines also increased its baggage fees recently , which should boost ancillary revenue in 2019.
Route optimization should also provide a sizable near-term profit boost. American is eliminating a number of underperforming routes (and cutting capacity on others), including several routes between Chicago and Asia . This capacity will be redeployed into more promising markets, particularly in Europe.
Last -- and perhaps most significantly -- American Airlines will receive extra gates in Dallas-Fort Worth and Charlotte and larger gates at Washington, DC's Reagan National Airport over the next three years. This will allow the carrier to concentrate its growth in its three most profitable hubs, which will likely make them even more profitable. It will also make it easier for American Airlines to cut additional underperforming routes elsewhere in its network.
Economic disruption is still a risk
There's a wide range in the profitability of different routes and hubs across American Airlines' network, so the carrier has plenty of levers available to stabilize its profit margin if fuel prices continue to rise (i.e., it could make further cutbacks to lower-margin routes). This flexibility also offers some protection in the event of a recession that could cause unit revenue to fall.
That said, American Airlines could still be vulnerable, especially if rising oil prices and tariffs cause inflation to rise just as real GDP growth starts to stagnate. (Some prominent economists see this as a major risk, but others think it's unlikely to happen anytime soon.) A "stagflation" scenario would push costs even higher while making it hard to increase unit revenue.
American Airlines' high debt load makes it particularly ill prepared for a near-term recession. As of midyear, the company had about $24 billion of debt and capital leases. Furthermore, it expects to spend $5.6 billion on capex and pension contributions in 2019, which could cause its net debt to move even higher.
But the good news is that capex and pension contributions combined should total just $3.3 billion in 2020 and $2.7 billion in 2021. This will allow American Airlines to start reducing its debt burden in a meaningful way.
American Airlines has more than $7 billion of liquidity and enough unencumbered assets to raise another $2 billion of capital if necessary. While that should ensure its survival in any likely economic scenario, a recession would still be extremely painful if it hits in 2019. However, by 2020 or 2021, American should be much better prepared for a downturn, thanks to lower capex and pension costs and the benefits from its network changes and other revenue and cost initiatives.
10 stocks we like better than American Airlines Group
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David and Tom just revealed what they believe are the 10 best stocks for investors to buy right now... and American Airlines Group wasn't one of them! That's right -- they think these 10 stocks are even better buys.
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Adam Levine-Weinberg 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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In recent years, American Airlines (NASDAQ: AAL) CEO Doug Parker has been one of the most vocal advocates of the idea that industry consolidation has permanently transformed the U.S. airline business. American's management blames the margin declines on a combination of rising labor costs -- as it brought employees' wages up to industry-standard levels -- and the speedy run-up in fuel prices. However, in the medium term, American Airlines executives expect to recover fuel cost increases through higher fares.
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In recent years, American Airlines (NASDAQ: AAL) CEO Doug Parker has been one of the most vocal advocates of the idea that industry consolidation has permanently transformed the U.S. airline business. In the first half of 2018, American Airlines' adjusted pretax margin fell by another 4 percentage points. However, in the medium term, American Airlines executives expect to recover fuel cost increases through higher fares.
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In recent years, American Airlines (NASDAQ: AAL) CEO Doug Parker has been one of the most vocal advocates of the idea that industry consolidation has permanently transformed the U.S. airline business. How American Airlines plans to turn things around Last September, American Airlines announced ambitious profit-improvement goals at its investor day conference. After all, American Airlines expected to capture about $1.5 billion of the total $3.9 billion opportunity in 2018, yet profit is on track to decline significantly year over year.
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In recent years, American Airlines (NASDAQ: AAL) CEO Doug Parker has been one of the most vocal advocates of the idea that industry consolidation has permanently transformed the U.S. airline business. Let's take a look at what might happen to American Airlines if there is a recession in the next few years. After all, American Airlines expected to capture about $1.5 billion of the total $3.9 billion opportunity in 2018, yet profit is on track to decline significantly year over year.
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0197962c-95f2-49f6-87eb-b1f2b91da3c9
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6892.0
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2018-10-19 00:00:00 UTC
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Comtech, American Airlines, Life Storage, MGM and Gaming and Leisure Properties highlighted as Zacks Bull and Bear of the Day
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AAL
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https://www.nasdaq.com/articles/comtech-american-airlines-life-storage-mgm-and-gaming-and-leisure-properties-highlighted
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nan
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nan
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For Immediate Release
Chicago, IL - October 18, 2018 - Zacks Equity Research Comtech Telecommunications CMTL as the Bull of the Day, American Airlines AAL as the Bear of the Day. In addition, Zacks Equity Research provides analysis on Life Storage, Inc. LSI , MGM Growth Properties MGP and Gaming and Leisure Properties, Inc. GLPI .
Here is a synopsis of all five stocks:
Bull of the Day :
The hardest thing to do after a session like we saw yesterday is pick a Bull of the Day. With the major market averages all breaking down below or near the 200-day moving average, it's a very precarious situation. I stick to my guns during periods like this and that means leaning on earnings. Earnings trends take long to develop and reverse. The exact opposite is true of prices when can change on a whim. Finding divergence between strong earnings trends and a weak share price is a great way to find winners in the stock market. At least if you are patient enough to wait it out.
Today's Bull of the Day is one such stock, Comtech Telecommunications. Comtech Telecommunications Corp. designs, develops, produces, and markets products, systems, and services for communications solutions. The company's Commercial Solutions segment offers ground-based equipment, including single channel per carrier modems and solid-state amplifiers that facilitate the transmission of voice, video, and data over satellite links; and traveling wave tube amplifiers, such as high-power narrow-band amplifiers used to amplify signals from satellite earth stations, as well as safety and security technologies.
The stock is currently a Zacks Rank #1 (Strong Buy). The reason for the positive rank is the string of recent positive earnings estimate revisions for the current year. Over the last thirty days, four analysts have increased their estimates for the current year. The bullish sentiment has pushed up its Zacks Consensus Estimate from 76 cents to 96 cents for the current year. That's a jump of over 26% and the major reason for the bullish rank.
It's been enough to help CMTL rally from under $24 in March of this year to over $36 following its last earnings report. Since then, shares have dipped a bit, coming down close to the 200-day moving average. That 200-day sits down at $30.24 while the stock closed at $32.09, down 2.85% during Thursday's selloff.
Bear of the Day :
Picking a Bear of the Day today is pretty darn easy. Just throw a dart at a dartboard and you're bound to hit one. Stocks are blowing up left and right while the market is coming under pressure, testing key technical levels. Today I'm looking at a stock which is in the airline industry. Why? Well, the airline industry ranks in the Bottom 6% of our Zacks Industry Rank. That means there are several names which have seen earnings estimates revised to the downside.
Today's Bear of the Day is American Airlines. American Airlines Group Inc., through its subsidiaries, operates as a network air carrier. It provides scheduled air transportation services for passengers and cargo. As of December 31, 2017, the company operated a mainline fleet of 948 aircraft. It serves 350 destinations in approximately 50 countries, principally from its hubs in Charlotte, Chicago, Dallas/Fort Worth, Los Angeles, Miami, New York, Philadelphia, and Phoenix, as well as in Washington, D.C.
Currently, the stock is a Zacks Rank #5 (Strong Sell). The reason for the unfavorable Zacks Rank lies in the recent string of negative revisions coming from analysts. Over the last thirty days, nine analysts have cut their earnings estimates for the current year as well as next year. That's slashed the Zacks Consensus Estimate for the current year from $4.77 to $4.28 while next year's number had come down from $5.84 to $5.13.
The negative revisions are a big reason why AAL has come under so much pressure. This is a stock which was trading up over $57 in March. Since then it's taken a tumble, coming all the way down to fresh lows under $32. The stock is set to report earnings before the bell next Thursday October 25 th . Analysts will be looking for EPS of $1.12, down from expectations calling for $1.45 just ninety days ago.
While there are no stocks in the airline industry which are Zacks Rank #1 (Strong Buy) or Zacks Rank #2 (Buy) stocks. There are several Zacks Rank #3 (Hold) stocks which could be better ways to play this industry.
Additional content:
3 Great REITs to Buy Right Now
The stock market's strong run over the past few years brought attention to high-flying growth stocks, usually from the technology sector, that were consistently outpacing the market. However, fresh uncertainty within the last few months has shifted some focus back towards other investment strategies, and now it might be time for investors to check out things like real estate investment trusts, or REITs.
REITs are companies that own, operate, or finance real estate properties that produce income, such as apartment complexes or retail locations. These companies are heavily regulated and must meet a number of qualifications to be classified as a REIT, but they do offer investors a few distinct advantages.
First of all, real estate can be a very profitable investment sector when certain economic conditions are present. What's more, REITs must pay at least 90% of their taxable income in dividends to shareholders, so they are a great option for income investors looking for steady payouts.
Luckily for Zacks readers, the proven Zacks Rank-which emphasizes earnings estimates and estimate revisions-works with REITs just as it would with any other company. The strongest REITs are going to be those with improving outlooks and great Zacks Ranks.
With that said, check out the REITs that are model says are impressive options right now:
1. Life Storage, Inc.
Life Storage fully integrated REIT which acquires and manages self-storage properties. Locations are now under the Life Storage brand, having shifted over from Sovran Self Storage and Uncle Bob's Self Storage. The company is one of the five largest self-store brands in the world.
LSI currently sports a Zacks Rank #2 (Buy) and presents a dividend yield 4.4%. The stock has shed about 10% from the 52-week highs it reached in late August, but the fundamentals look strong at these levels as earnings estimates trend higher. Plus, LSI has a beta of just 0.4 and should serve as a great low-volatility option in current conditions.
2. MGM Growth Properties
MGM Growth owns 13 gaming properties, most of which are operated by casino giant MGM. This portfolio includes a number of iconic Las Vegas casinos, including The Mirage, Mandalay Bay, and New York-New York. The business is primarily structured through NNN leases, which means it is more protected from one-time or unexpected costs.
MGP is currently sporting a Zacks Rank #1 (Strong Buy) and an "A" grade in the Value category of our Style Scores system. The stock has a P/E of 13.0 and a PEG of 1.3. These are both nice discounts to the respective industry averages. Meanwhile, the firm is expected to grow its full-year funds from operations (FFO) by nearly 7.5% in 2018.
3. Gaming and Leisure Properties, Inc.
Gaming and Leisure Properties is an owner of regional casino properties leased to the likes of Boyd Gaming, Eldorado Resorts, and Penn National. All in all, the company owns 44 gaming properties. GLPI is another #1 (Strong Buy) stock and yields about 7.3% right now.
Analysts expect GLPI to witness long-term annualized FFO growth of 10.7%. The valuation remains attractive at a P/E of 11.1 and PEG of 1.0, and it is a relatively low beta option.
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Zacks.com provides investment resources and informs you of these resources, which you may choose to use in making your own investment decisions. Zacks is providing information on this resource to you subject to the Zacks "Terms and Conditions of Service" disclaimer. www.zacks.com/disclaimer .
Past performance is no guarantee of future results. Inherent in any investment is the potential for loss.This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performance for information about the performance numbers displayed in this press release.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
American Airlines Group Inc. (AAL): Free Stock Analysis Report
Comtech Telecommunications Corp. (CMTL): Free Stock Analysis Report
Life Storage, Inc. (LSI): Free Stock Analysis Report
MGM Growth Properties LLC (MGP): Free Stock Analysis Report
Gaming and Leisure Properties, Inc. (GLPI): Free Stock Analysis Report
To read this article on Zacks.com click here.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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For Immediate Release Chicago, IL - October 18, 2018 - Zacks Equity Research Comtech Telecommunications CMTL as the Bull of the Day, American Airlines AAL as the Bear of the Day. The negative revisions are a big reason why AAL has come under so much pressure. Click to get this free report American Airlines Group Inc. (AAL): Free Stock Analysis Report Comtech Telecommunications Corp. (CMTL): Free Stock Analysis Report Life Storage, Inc. (LSI): Free Stock Analysis Report MGM Growth Properties LLC (MGP): Free Stock Analysis Report Gaming and Leisure Properties, Inc. (GLPI): Free Stock Analysis Report To read this article on Zacks.com click here.
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For Immediate Release Chicago, IL - October 18, 2018 - Zacks Equity Research Comtech Telecommunications CMTL as the Bull of the Day, American Airlines AAL as the Bear of the Day. Click to get this free report American Airlines Group Inc. (AAL): Free Stock Analysis Report Comtech Telecommunications Corp. (CMTL): Free Stock Analysis Report Life Storage, Inc. (LSI): Free Stock Analysis Report MGM Growth Properties LLC (MGP): Free Stock Analysis Report Gaming and Leisure Properties, Inc. (GLPI): Free Stock Analysis Report To read this article on Zacks.com click here. The negative revisions are a big reason why AAL has come under so much pressure.
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Click to get this free report American Airlines Group Inc. (AAL): Free Stock Analysis Report Comtech Telecommunications Corp. (CMTL): Free Stock Analysis Report Life Storage, Inc. (LSI): Free Stock Analysis Report MGM Growth Properties LLC (MGP): Free Stock Analysis Report Gaming and Leisure Properties, Inc. (GLPI): Free Stock Analysis Report To read this article on Zacks.com click here. For Immediate Release Chicago, IL - October 18, 2018 - Zacks Equity Research Comtech Telecommunications CMTL as the Bull of the Day, American Airlines AAL as the Bear of the Day. The negative revisions are a big reason why AAL has come under so much pressure.
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For Immediate Release Chicago, IL - October 18, 2018 - Zacks Equity Research Comtech Telecommunications CMTL as the Bull of the Day, American Airlines AAL as the Bear of the Day. The negative revisions are a big reason why AAL has come under so much pressure. Click to get this free report American Airlines Group Inc. (AAL): Free Stock Analysis Report Comtech Telecommunications Corp. (CMTL): Free Stock Analysis Report Life Storage, Inc. (LSI): Free Stock Analysis Report MGM Growth Properties LLC (MGP): Free Stock Analysis Report Gaming and Leisure Properties, Inc. (GLPI): Free Stock Analysis Report To read this article on Zacks.com click here.
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117b1fe9-dd56-424d-80dc-268c82e039d5
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6893.0
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2018-10-19 00:00:00 UTC
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Bear of the Day: American Airlines (AAL)
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AAL
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https://www.nasdaq.com/articles/bear-day-american-airlines-aal-2018-10-19
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nan
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nan
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Picking a Bear of the Day today is pretty darn easy. Just throw a dart at a dartboard and you're bound to hit one. Stocks are blowing up left and right while the market is coming under pressure, testing key technical levels. Today I'm looking at a stock which is in the airline industry. Why? Well, the airline industry ranks in the Bottom 6% of our Zacks Industry Rank. That means there are several names which have seen earnings estimates revised to the downside.
Today's Bear of the Day is American Airlines (AAL). American Airlines Group Inc., through its subsidiaries, operates as a network air carrier. It provides scheduled air transportation services for passengers and cargo. As of December 31, 2017, the company operated a mainline fleet of 948 aircraft. It serves 350 destinations in approximately 50 countries, principally from its hubs in Charlotte, Chicago, Dallas/Fort Worth, Los Angeles, Miami, New York, Philadelphia, and Phoenix, as well as in Washington, D.C.
Currently, the stock is a Zacks Rank #5 (Strong Sell). The reason for the unfavorable Zacks Rank lies in the recent string of negative revisions coming from analysts. Over the last thirty days, nine analysts have cut their earnings estimates for the current year as well as next year. That's slashed the Zacks Consensus Estimate for the current year from $4.77 to $4.28 while next year's number had come down from $5.84 to $5.13.
The negative revisions are a big reason why AAL has come under so much pressure. This is a stock which was trading up over $57 in March. Since then it's taken a tumble, coming all the way down to fresh lows under $32. The stock is set to report earnings before the bell next Thursday October 25 th . Analysts will be looking for EPS of $1.12, down from expectations calling for $1.45 just ninety days ago.
While there are no stocks in the airline industry which are Zacks Rank #1 (Strong Buy) or Zacks Rank #2 (Buy) stocks. There are several Zacks Rank #3 (Hold) stocks which could be better ways to play this industry. Those stocks include Alaska Air (ALK) and Allegiant Travel (ALGT).
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
Alaska Air Group, Inc. (ALK): Free Stock Analysis Report
Allegiant Travel Company (ALGT): Free Stock Analysis 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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Today's Bear of the Day is American Airlines (AAL). The negative revisions are a big reason why AAL has come under so much pressure. Click to get this free report Alaska Air Group, Inc. (ALK): Free Stock Analysis Report Allegiant Travel Company (ALGT): Free Stock Analysis 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 Alaska Air Group, Inc. (ALK): Free Stock Analysis Report Allegiant Travel Company (ALGT): Free Stock Analysis Report American Airlines Group Inc. (AAL): Free Stock Analysis Report To read this article on Zacks.com click here. Today's Bear of the Day is American Airlines (AAL). The negative revisions are a big reason why AAL has come under so much pressure.
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Click to get this free report Alaska Air Group, Inc. (ALK): Free Stock Analysis Report Allegiant Travel Company (ALGT): Free Stock Analysis Report American Airlines Group Inc. (AAL): Free Stock Analysis Report To read this article on Zacks.com click here. Today's Bear of the Day is American Airlines (AAL). The negative revisions are a big reason why AAL has come under so much pressure.
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Click to get this free report Alaska Air Group, Inc. (ALK): Free Stock Analysis Report Allegiant Travel Company (ALGT): Free Stock Analysis Report American Airlines Group Inc. (AAL): Free Stock Analysis Report To read this article on Zacks.com click here. Today's Bear of the Day is American Airlines (AAL). The negative revisions are a big reason why AAL has come under so much pressure.
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fd6f3c06-7b05-40ba-8e32-22d8ecf60b90
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6894.0
|
2018-10-18 00:00:00 UTC
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New Strong Sell Stocks for October 18th
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AAL
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https://www.nasdaq.com/articles/new-strong-sell-stocks-for-october-18th-2018-10-18
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nan
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nan
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Here are 5 stocks added to the Zacks Rank #5 (Strong Sell) List today:
ARRIS International plcARRS is a provider of entertainment, communications and networking technology and solutions. The Zacks Consensus Estimate for its current year earnings has been revised 0.7% downward over the last 60 days.
American Airlines Group Inc.AAL is a provider of scheduled air transportation services for passengers as well as cargo. The Zacks Consensus Estimate for its current year earnings has been revised 7.3% downward over the last 60 days.
JELD-WEN Holding, Inc.JELD is a manufacturer and seller of doors and windows. The Zacks Consensus Estimate for its current year earnings has been revised 6.5% downward over the last 60 days.
Nine Energy Service, Inc. NINE is a provider of onshore completion and production services related to unconventional oil and gas resources. The Zacks Consensus Estimate for its current year earnings has been revised 6.9% downward over the last 60 days.
Monolithic Power Systems, Inc.MPWR is a designer and developer of integrated power semiconductor solutions and power delivery architectures. The Zacks Consensus Estimate for its current year earnings has been revised 0.2% downward over the last 30 days.
View the entire Zacks Rank #5 List .
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
ARRIS International plc (ARRS): Free Stock Analysis Report
JELD-WEN Holding, Inc. (JELD): Free Stock Analysis Report
Monolithic Power Systems, Inc. (MPWR): Free Stock Analysis Report
Nine Energy Service, Inc. (NINE): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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American Airlines Group Inc.AAL is a provider of scheduled air transportation services for passengers as well as cargo. Click to get this free report American Airlines Group Inc. (AAL): Free Stock Analysis Report ARRIS International plc (ARRS): Free Stock Analysis Report JELD-WEN Holding, Inc. (JELD): Free Stock Analysis Report Monolithic Power Systems, Inc. (MPWR): Free Stock Analysis Report Nine Energy Service, Inc. (NINE): Free Stock Analysis Report To read this article on Zacks.com click here. Here are 5 stocks added to the Zacks Rank #5 (Strong Sell) List today: ARRIS International plcARRS is a provider of entertainment, communications and networking technology and solutions.
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Click to get this free report American Airlines Group Inc. (AAL): Free Stock Analysis Report ARRIS International plc (ARRS): Free Stock Analysis Report JELD-WEN Holding, Inc. (JELD): Free Stock Analysis Report Monolithic Power Systems, Inc. (MPWR): Free Stock Analysis Report Nine Energy Service, Inc. (NINE): Free Stock Analysis Report To read this article on Zacks.com click here. American Airlines Group Inc.AAL is a provider of scheduled air transportation services for passengers as well as cargo. The Zacks Consensus Estimate for its current year earnings has been revised 0.7% downward over the last 60 days.
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Click to get this free report American Airlines Group Inc. (AAL): Free Stock Analysis Report ARRIS International plc (ARRS): Free Stock Analysis Report JELD-WEN Holding, Inc. (JELD): Free Stock Analysis Report Monolithic Power Systems, Inc. (MPWR): Free Stock Analysis Report Nine Energy Service, Inc. (NINE): Free Stock Analysis Report To read this article on Zacks.com click here. American Airlines Group Inc.AAL is a provider of scheduled air transportation services for passengers as well as cargo. The Zacks Consensus Estimate for its current year earnings has been revised 0.7% downward over the last 60 days.
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American Airlines Group Inc.AAL is a provider of scheduled air transportation services for passengers as well as cargo. Click to get this free report American Airlines Group Inc. (AAL): Free Stock Analysis Report ARRIS International plc (ARRS): Free Stock Analysis Report JELD-WEN Holding, Inc. (JELD): Free Stock Analysis Report Monolithic Power Systems, Inc. (MPWR): Free Stock Analysis Report Nine Energy Service, Inc. (NINE): Free Stock Analysis Report To read this article on Zacks.com click here. View the entire Zacks Rank #5 List .
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906f3fbe-b3fd-48d3-af32-0f1a498f5378
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6895.0
|
2018-10-17 00:00:00 UTC
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Why American Airlines Group Stock Jumped 6% -- Then Gave Most of It Back
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AAL
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https://www.nasdaq.com/articles/why-american-airlines-group-stock-jumped-6-then-gave-most-it-back-2018-10-17
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nan
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nan
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What happened
Shares of American Airlines Group (NASDAQ: AAL) popped 6.4% in early trading Wednesday before retracting to close the day up less than 1% -- just 0.9%, to be precise. An upgrade assigned to the stock by Deutsche Bank appears to be the primary reason for the move.
So what
A Deutsche Bank analyst upgraded American Airlines stock from "hold" to "buy" on Wednesday, as we're told by our friends at StreetInsider.com . Previously pessimistic about American Airlines' profits for Q4 2018 and full-year 2019 based on rising expenses from fuel cost, the analyst says he's encouraged by the fact that American rivals Delta and United have succeeded in "recapturing" 85% to 100% of the cost of higher fuel prices this past quarter.
The analyst previously predicted that airlines would only be able to hike ticket prices enough to cover about half the higher cost of their fuel. But assuming American is as fortunate as its peers have been in this regard -- and assuming it's able to continue covering higher fuel costs with higher ticket prices in future quarters -- Deutsche now believes American Airlines stock could be worth a lot more, $47 a share in fact.
Now what
With American Airlines stock closing up just 0.9% at $33.57, Deutsche's new price target implies there's as much as 40% upside left in the stock. That prospect was enough to entice investors to buy into the stock earlier today. As the day wore on, however, investors may have rethought:
American Airlines is supposed to report earnings just one week from now, on Thursday morning, Oct. 25. If the company is doing as well as its rivals have been doing, then waiting one more week to confirm that fact shouldn't change matters much. There will be plenty of time to buy into this success story... once we're certain Deutsche is reading it correctly.
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 August 6, 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 Group (NASDAQ: AAL) popped 6.4% in early trading Wednesday before retracting to close the day up less than 1% -- just 0.9%, to be precise. So what A Deutsche Bank analyst upgraded American Airlines stock from "hold" to "buy" on Wednesday, as we're told by our friends at StreetInsider.com . The analyst previously predicted that airlines would only be able to hike ticket prices enough to cover about half the higher cost of their fuel.
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What happened Shares of American Airlines Group (NASDAQ: AAL) popped 6.4% in early trading Wednesday before retracting to close the day up less than 1% -- just 0.9%, to be precise. So what A Deutsche Bank analyst upgraded American Airlines stock from "hold" to "buy" on Wednesday, as we're told by our friends at StreetInsider.com . But assuming American is as fortunate as its peers have been in this regard -- and assuming it's able to continue covering higher fuel costs with higher ticket prices in future quarters -- Deutsche now believes American Airlines stock could be worth a lot more, $47 a share in fact.
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What happened Shares of American Airlines Group (NASDAQ: AAL) popped 6.4% in early trading Wednesday before retracting to close the day up less than 1% -- just 0.9%, to be precise. Previously pessimistic about American Airlines' profits for Q4 2018 and full-year 2019 based on rising expenses from fuel cost, the analyst says he's encouraged by the fact that American rivals Delta and United have succeeded in "recapturing" 85% to 100% of the cost of higher fuel prices this past quarter. But assuming American is as fortunate as its peers have been in this regard -- and assuming it's able to continue covering higher fuel costs with higher ticket prices in future quarters -- Deutsche now believes American Airlines stock could be worth a lot more, $47 a share in fact.
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What happened Shares of American Airlines Group (NASDAQ: AAL) popped 6.4% in early trading Wednesday before retracting to close the day up less than 1% -- just 0.9%, to be precise. So what A Deutsche Bank analyst upgraded American Airlines stock from "hold" to "buy" on Wednesday, as we're told by our friends at StreetInsider.com . * 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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17eb6afb-c814-4beb-8c22-0595f9cb47ed
|
6896.0
|
2018-10-15 00:00:00 UTC
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Nasdaq 100 Movers: CTRP, AAL
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AAL
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https://www.nasdaq.com/articles/nasdaq-100-movers-ctrp-aal-2018-10-15
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nan
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nan
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In early trading on Monday, shares of American Airlines Group ( AAL ) topped the list of the day's best performing components of the Nasdaq 100 index, trading up 1.6%. Year to date, American Airlines Group has lost about 39.7% of its value.
And the worst performing Nasdaq 100 component thus far on the day is Ctrip.com International ( CTRP ), trading down 7.0%. Ctrip.com International is lower by about 18.5% looking at the year to date performance.
Two other components making moves today are Activision Blizzard ( ATVI ), trading down 4.0%, and Charter Communications ( CHTR ), trading up 1.6% on the day.
VIDEO: Nasdaq 100 Movers: CTRP, AAL
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 early trading on Monday, shares of American Airlines Group ( AAL ) topped the list of the day's best performing components of the Nasdaq 100 index, trading up 1.6%. VIDEO: Nasdaq 100 Movers: CTRP, AAL The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. And the worst performing Nasdaq 100 component thus far on the day is Ctrip.com International ( CTRP ), trading down 7.0%.
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In early trading on Monday, shares of American Airlines Group ( AAL ) topped the list of the day's best performing components of the Nasdaq 100 index, trading up 1.6%. VIDEO: Nasdaq 100 Movers: CTRP, AAL The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. Year to date, American Airlines Group has lost about 39.7% of its value.
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In early trading on Monday, shares of American Airlines Group ( AAL ) topped the list of the day's best performing components of the Nasdaq 100 index, trading up 1.6%. VIDEO: Nasdaq 100 Movers: CTRP, AAL The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. And the worst performing Nasdaq 100 component thus far on the day is Ctrip.com International ( CTRP ), trading down 7.0%.
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In early trading on Monday, shares of American Airlines Group ( AAL ) topped the list of the day's best performing components of the Nasdaq 100 index, trading up 1.6%. VIDEO: Nasdaq 100 Movers: CTRP, AAL The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. And the worst performing Nasdaq 100 component thus far on the day is Ctrip.com International ( CTRP ), trading down 7.0%.
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3ed59154-1f09-441d-bc76-d415fe285aa0
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6897.0
|
2018-10-15 00:00:00 UTC
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Market Close Report: NASDAQ Composite index closes at 7,430.74 down -66.15 points
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AAL
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https://www.nasdaq.com/articles/market-close-report-nasdaq-composite-index-closes-743074-down-6615-points-2018-10-15
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nan
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nan
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Monday's session closes with the NASDAQ Composite Index at 7,430.74. The total shares traded for the NASDAQ was over 2.1 billion.
Advancers stocks led declining by 1.15 to 1 ratio. There were 1671 advancers and 1458 decliners for the day. On the NASDAQ Stock Exchange 11 stocks reached a 52 week high and 54 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 -1.24% for the day; a total of -88.54 points. The current value is 7,068.67. Ctrip.com International, Ltd. ( CTRP ) had the largest percent change down (-6.42%) while American Airlines Group, Inc. ( AAL ) had the largest percent change gain rising 2.81%.
The Dow Jones index closed down -.35% for the day; a total of -89.44 points. The current value is 25,250.55. Cisco Systems, Inc. ( CSCO ) had the largest percent change down (-2.28%) while Walgreens Boots Alliance, Inc. ( WBA ) had the largest percent change gain rising 1.66%.
NASDAQ Market Wrap
As of 10/15/2018 4:44:01 PM
BILLIONS OF 2.1 NASDAQ SHARES TRADED TODAY 11 STOCKS REACHED A 52 WEEK HIGH 54 THOSE REACHING LOWS TOTALEDAmerican Airlines Group, Inc. [AAL]TOPS ADVANCERS LISTOF NASDAQ 100 INDEX % 2.81 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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NASDAQ Market Wrap As of 10/15/2018 4:44:01 PM BILLIONS OF 2.1 NASDAQ SHARES TRADED TODAY 11 STOCKS REACHED A 52 WEEK HIGH 54 THOSE REACHING LOWS TOTALEDAmerican Airlines Group, Inc. [AAL]TOPS ADVANCERS LISTOF NASDAQ 100 INDEX % 2.81 ROSE The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. Ctrip.com International, Ltd. ( CTRP ) had the largest percent change down (-6.42%) while American Airlines Group, Inc. ( AAL ) had the largest percent change gain rising 2.81%. The Dow Jones index closed down -.35% for the day; a total of -89.44 points.
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Ctrip.com International, Ltd. ( CTRP ) had the largest percent change down (-6.42%) while American Airlines Group, Inc. ( AAL ) had the largest percent change gain rising 2.81%. NASDAQ Market Wrap As of 10/15/2018 4:44:01 PM BILLIONS OF 2.1 NASDAQ SHARES TRADED TODAY 11 STOCKS REACHED A 52 WEEK HIGH 54 THOSE REACHING LOWS TOTALEDAmerican Airlines Group, Inc. [AAL]TOPS ADVANCERS LISTOF NASDAQ 100 INDEX % 2.81 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 11 stocks reached a 52 week high and 54 those reaching lows totaled.
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NASDAQ Market Wrap As of 10/15/2018 4:44:01 PM BILLIONS OF 2.1 NASDAQ SHARES TRADED TODAY 11 STOCKS REACHED A 52 WEEK HIGH 54 THOSE REACHING LOWS TOTALEDAmerican Airlines Group, Inc. [AAL]TOPS ADVANCERS LISTOF NASDAQ 100 INDEX % 2.81 ROSE The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. Ctrip.com International, Ltd. ( CTRP ) had the largest percent change down (-6.42%) while American Airlines Group, Inc. ( AAL ) had the largest percent change gain rising 2.81%. On the NASDAQ Stock Exchange 11 stocks reached a 52 week high and 54 those reaching lows totaled.
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NASDAQ Market Wrap As of 10/15/2018 4:44:01 PM BILLIONS OF 2.1 NASDAQ SHARES TRADED TODAY 11 STOCKS REACHED A 52 WEEK HIGH 54 THOSE REACHING LOWS TOTALEDAmerican Airlines Group, Inc. [AAL]TOPS ADVANCERS LISTOF NASDAQ 100 INDEX % 2.81 ROSE The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. Ctrip.com International, Ltd. ( CTRP ) had the largest percent change down (-6.42%) while American Airlines Group, Inc. ( AAL ) had the largest percent change gain rising 2.81%. There were 1671 advancers and 1458 decliners for the day.
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da783254-8a80-4bfc-b3c9-1cae98a2bf21
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6898.0
|
2018-10-13 00:00:00 UTC
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America's Cheapest Airline Is Finally Turning the Corner
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AAL
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https://www.nasdaq.com/articles/americas-cheapest-airline-finally-turning-corner-2018-10-13
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nan
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nan
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Spirit Airlines (NYSE: SAVE) became an investor darling during its first few years as a public company. Between 2011 and 2014, big airlines like American Airlines (NASDAQ: AAL) and United Continental (NYSE: UAL) tried to increase fares as far as possible to offset high fuel costs and rising labor costs. This made it easy for Spirit to undercut the likes of American and United on price while still earning enviable margins.
However, American Airlines and United Airlines now aggressively match Spirit's fares, fearing big market-share losses if they don't compete on price. Initially, low fuel prices enabled this strategy shift. More recently, the advent of basic economy fares has helped the legacy carriers offer low fares to the most price-sensitive travelers while still growing unit revenue.
As a result, Spirit Airlines stock surged to an all-time high of around $85 between 2011 and late 2014, but has lost nearly half of its value since then. Fortunately, the ultra-low-cost carrier appears to have stabilized its business at long last.
Spirit Airlines Stock History, data by YCharts .
The situation was critical
For the past few years, unit revenue declines have been the norm at Spirit Airlines. Revenue per available seat mile (RASM) peaked in 2013 at 11.94 cents. However, RASM fell 1% in 2014 and the declines accelerated from there. By 2017, Spirit Airlines' RASM had plunged all the way to 8.95 cents.
As a result, Spirit Airlines' pre-tax margin was significantly lower in 2017 than it had been in 2013 and 2014, even though its average fuel price had fallen from around $3 per gallon to less than $2 per gallon over that period.
To make matters worse, RASM declined by another 4.6% in the first half of 2018, while fuel prices surged by more than 30%. This added to the margin pressure on Spirit Airlines, despite the carrier's strong non-fuel unit cost performance. In short, by midyear, Spirit urgently needed to get unit revenue growing again.
The long-awaited turnaround has begun
Spirit Airlines seemed to get back on track in the first half of 2017, as RASM rose 0.9%. Yet an industry fare war (instigated primarily by United Airlines) broke out over that summer, causing Spirit's unit revenue to start declining again .
Three months ago, Spirit Airlines' management projected that RASM would rise 2% to 3% year over year in the third quarter. However, investors were understandably suspicious of this bullish forecast, in light of the carrier's experience last year.
Yet Spirit Airlines was actually able to surpass its unit revenue guidance. On Wednesday, the company published an investor update, revealing that RASM jumped about 5.5% last quarter. It attributed the strong performance to a combination of a favorable demand environment and the company's initiatives to shift capacity to better markets and boost fares where possible.
Meanwhile, Spirit is on track to hit its non-fuel unit cost guidance on the nose. Furthermore, while fuel prices were somewhat higher than planned, fuel efficiency came in a little better than management had expected.
The net result is that while Spirit Airlines' initial guidance implied a pre-tax margin decline of as much as 3 percentage points in the third quarter, the airline now seems likely to report an adjusted pre-tax margin in line with or slightly better than its Q3 2017 result of 15%.
Investors shouldn't fear a new fare war
Some investors may be concerned that Spirit Airlines' unit revenue trajectory could take a quick turn for the worse sometime in the next few quarters, just as it did last summer. However, the cost of jet fuel has jumped more than 50% since the last fare war broke out in July 2017. United Airlines and American Airlines both have thinner profit margins than Spirit, so they cannot risk sparking a fare war at this point.
Additionally, Spirit Airlines has been reorienting its route network, deploying more capacity in large leisure markets like Orlando and Las Vegas, rather than in legacy carrier hubs. This route strategy is steadily reducing the likelihood of another fare war, while helping to insulate Spirit from future pricing battles in any particular hub market.
Lastly, Spirit has been able to get non-ticket revenue growing again. This key revenue source -- which now accounts for almost half of the company's total revenue -- is less sensitive to industry supply and demand dynamics.
There will undoubtedly be fluctuations in Spirit Airlines' RASM growth going forward based on one-time events and differing year-over-year comparisons from quarter to quarter. However, the cheapest airline in the U.S. is finally back on track. This could pave the way for a big rally in Spirit Airlines stock over the next few years.
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.
Click here to learn about these picks!
*Stock Advisor returns as of August 6, 2018
Adam Levine-Weinberg owns shares of Spirit Airlines. The Motley Fool owns shares of 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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Between 2011 and 2014, big airlines like American Airlines (NASDAQ: AAL) and United Continental (NYSE: UAL) tried to increase fares as far as possible to offset high fuel costs and rising labor costs. It attributed the strong performance to a combination of a favorable demand environment and the company's initiatives to shift capacity to better markets and boost fares where possible. Additionally, Spirit Airlines has been reorienting its route network, deploying more capacity in large leisure markets like Orlando and Las Vegas, rather than in legacy carrier hubs.
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Between 2011 and 2014, big airlines like American Airlines (NASDAQ: AAL) and United Continental (NYSE: UAL) tried to increase fares as far as possible to offset high fuel costs and rising labor costs. However, American Airlines and United Airlines now aggressively match Spirit's fares, fearing big market-share losses if they don't compete on price. This added to the margin pressure on Spirit Airlines, despite the carrier's strong non-fuel unit cost performance.
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Between 2011 and 2014, big airlines like American Airlines (NASDAQ: AAL) and United Continental (NYSE: UAL) tried to increase fares as far as possible to offset high fuel costs and rising labor costs. However, American Airlines and United Airlines now aggressively match Spirit's fares, fearing big market-share losses if they don't compete on price. The net result is that while Spirit Airlines' initial guidance implied a pre-tax margin decline of as much as 3 percentage points in the third quarter, the airline now seems likely to report an adjusted pre-tax margin in line with or slightly better than its Q3 2017 result of 15%.
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Between 2011 and 2014, big airlines like American Airlines (NASDAQ: AAL) and United Continental (NYSE: UAL) tried to increase fares as far as possible to offset high fuel costs and rising labor costs. Three months ago, Spirit Airlines' management projected that RASM would rise 2% to 3% year over year in the third quarter. Yet Spirit Airlines was actually able to surpass its unit revenue guidance.
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12ba620b-c136-48ce-975d-f97a023cd651
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6899.0
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2018-10-12 00:00:00 UTC
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Noteworthy Friday Option Activity: SRG, AAL, MRK
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AAL
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https://www.nasdaq.com/articles/noteworthy-friday-option-activity-srg-aal-mrk-2018-10-12
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nan
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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 Seritage Growth Properties (Symbol: SRG), where a total volume of 2,452 contracts has been traded thus far today, a contract volume which is representative of approximately 245,200 underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 54.9% of SRG's average daily trading volume over the past month, of 446,820 shares. Especially high volume was seen for the $37 strike put option expiring November 16, 2018 , with 542 contracts trading so far today, representing approximately 54,200 underlying shares of SRG. Below is a chart showing SRG's trailing twelve month trading history, with the $37 strike highlighted in orange:
American Airlines Group Inc (Symbol: AAL) options are showing a volume of 45,721 contracts thus far today. That number of contracts represents approximately 4.6 million underlying shares, working out to a sizeable 54.1% of AAL's average daily trading volume over the past month, of 8.5 million shares. Particularly high volume was seen for the $46 strike call option expiring February 15, 2019 , with 10,057 contracts trading so far today, representing approximately 1.0 million underlying shares of AAL. Below is a chart showing AAL's trailing twelve month trading history, with the $46 strike highlighted in orange:
And Merck & Co Inc (Symbol: MRK) saw options trading volume of 45,030 contracts, representing approximately 4.5 million underlying shares or approximately 52.3% of MRK's average daily trading volume over the past month, of 8.6 million shares. Particularly high volume was seen for the $70 strike call option expiring January 18, 2019 , with 11,324 contracts trading so far today, representing approximately 1.1 million underlying shares of MRK. Below is a chart showing MRK's trailing twelve month trading history, with the $70 strike highlighted in orange:
For the various different available expirations for SRG options , AAL options , or MRK 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 $46 strike call option expiring February 15, 2019 , with 10,057 contracts trading so far today, representing approximately 1.0 million underlying shares of AAL. Below is a chart showing SRG's trailing twelve month trading history, with the $37 strike highlighted in orange: American Airlines Group Inc (Symbol: AAL) options are showing a volume of 45,721 contracts thus far today. That number of contracts represents approximately 4.6 million underlying shares, working out to a sizeable 54.1% of AAL's average daily trading volume over the past month, of 8.5 million shares.
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Particularly high volume was seen for the $46 strike call option expiring February 15, 2019 , with 10,057 contracts trading so far today, representing approximately 1.0 million underlying shares of AAL. Below is a chart showing AAL's trailing twelve month trading history, with the $46 strike highlighted in orange: And Merck & Co Inc (Symbol: MRK) saw options trading volume of 45,030 contracts, representing approximately 4.5 million underlying shares or approximately 52.3% of MRK's average daily trading volume over the past month, of 8.6 million shares. Below is a chart showing SRG's trailing twelve month trading history, with the $37 strike highlighted in orange: American Airlines Group Inc (Symbol: AAL) options are showing a volume of 45,721 contracts thus far today.
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Particularly high volume was seen for the $46 strike call option expiring February 15, 2019 , with 10,057 contracts trading so far today, representing approximately 1.0 million underlying shares of AAL. Below is a chart showing AAL's trailing twelve month trading history, with the $46 strike highlighted in orange: And Merck & Co Inc (Symbol: MRK) saw options trading volume of 45,030 contracts, representing approximately 4.5 million underlying shares or approximately 52.3% of MRK's average daily trading volume over the past month, of 8.6 million shares. Below is a chart showing SRG's trailing twelve month trading history, with the $37 strike highlighted in orange: American Airlines Group Inc (Symbol: AAL) options are showing a volume of 45,721 contracts thus far today.
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Particularly high volume was seen for the $46 strike call option expiring February 15, 2019 , with 10,057 contracts trading so far today, representing approximately 1.0 million underlying shares of AAL. Below is a chart showing AAL's trailing twelve month trading history, with the $46 strike highlighted in orange: And Merck & Co Inc (Symbol: MRK) saw options trading volume of 45,030 contracts, representing approximately 4.5 million underlying shares or approximately 52.3% of MRK's average daily trading volume over the past month, of 8.6 million shares. Below is a chart showing SRG's trailing twelve month trading history, with the $37 strike highlighted in orange: American Airlines Group Inc (Symbol: AAL) options are showing a volume of 45,721 contracts thus far today.
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08f11e0f-9a3c-4a08-9063-8042b8050429
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