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2020-06-22 00:00:00+00:00
AAL
American Airlines Looks to Tap Equity and Debt Markets for More Financing
In a June 12 SEC filing, American Airlines Group (NASDAQ: AAL) said its cash burn rate would be better than expected for the month of June, at $40 million per day. It also said that it sought to have the burn rate to zero by the end of 2020. In that filing, the airline said it expected to have $11 billion in liquidity ...
2020-06-22 00:00:00+00:00
AAL
S&P 500 Movers: AAL, GPS
In early trading on Monday, shares of The Gap topped the list of the day's best performing components of the S&P 500 index, trading up 7.9%. Year to date, The Gap has lost about 34.9% of its value. And the worst performing S&P 500 component thus far on the day is American Airlines Group, trading down 4.0%. American Air...
2020-06-22 00:00:00+00:00
AAL
Wall Street flat as virus cases rise; tech stocks advance
By Medha Singh June 22 (Reuters) - The S&P 500 and Dow Jones indexes were largely flat on Monday as investors weighed the implications of rising coronavirus infections for business activity while the tech-heavy Nasdaq rose for a seventh session. The World Health Organization reported a record rise in global coronavirus...
2020-06-22 00:00:00+00:00
AAL
BUZZ-U.S. STOCKS ON THE MOVE-Luckin Coffee, Fuling Global, Invitae Corp
Eikon search string for individual stock moves: STXBZ The Day Ahead newsletter: http://tmsnrt.rs/2ggOmBi The Morning News Call newsletter: http://tmsnrt.rs/2fwPLTh U.S. stocks opened sightly lower on Monday as concerns of a resurgence in coronavirus infections fueled worries of another setback to business activity. .N ...
2020-06-22 00:00:00+00:00
AAL
BUZZ-U.S. STOCKS ON THE MOVE-Virgin Galactic, Evoke Pharma, American Airlines
Eikon search string for individual stock moves: STXBZ The Day Ahead newsletter: http://tmsnrt.rs/2ggOmBi The Morning News Call newsletter: http://tmsnrt.rs/2fwPLTh U.S. stock index futures pointed to a muted open for the S&P 500 and Dow on Monday as fears of a resurgence in coronavirus infections fueled worries of anot...
2020-06-22 00:00:00+00:00
AAL
Wall Street set for subdued open as virus cases rise
By Medha Singh June 22 (Reuters) - U.S. stock index futures pointed to a muted open for the S&P 500 and Dow on Monday as fears of a resurgence in coronavirus infections fueled worries of another setback to business activity. Demand for perceived safe-havens including gold and U.S. Treasuries rose as the World Health Or...
2020-06-22 00:00:00+00:00
AAL
Robinhood Is Not Moving The Entire Stock Market
Robinhood and its users have been getting a lot of attention, as analysts and large investors point to the rise of retail investment now that people are stuck at home, and sports and gambling are largely grounded. Robinhood boasts a staggering 13 million accounts, but a great many of those accounts are used by younger ...
2020-06-22 00:00:00+00:00
AAL
American Airlines Proposes Offering Of $1.5 Bln Senior Secured Notes, New $500 Mln Term Loan
(RTTNews) - American Airlines Group Inc. (AAL) announced a proposed private offering of $1.5 billion aggregate principal amount of secured senior notes due 2025. The company also said it intends to enter into a new $500 million Term Loan B Facility due 2024 concurrently with the closing of the offering of the Notes. Am...
2020-06-22 00:00:00+00:00
AAL
Wall Street treads water as virus cases rise; techs shine
By Medha Singh June 22 (Reuters) - The S&P 500 and Dow Jones indexes were largely unchanged on Monday as investors assessed stimulus-fueled recovery hopes against an increase in coronavirus infections that could derail a rebound in business activity. Demand for perceived safe-havens, including gold and U.S. Treasuries,...
2020-06-21 00:00:00+00:00
AAL
Unions at Chile's Codelco demand more protection against coronavirus
SANTIAGO, June 21 (Reuters) - Labor unions at Chile's state-owned copper miner Codelco said on Sunday that measures taken by the company against the spread of the novel coronavirus were insufficient and threatened to take steps to force stricter health policies. On Saturday the death of the second Codelco employee from...
2020-06-21 00:00:00+00:00
AAL
American Airlines seeks $3.5 bln in new financing
Adds details on senior secured notes in third paragraph June 21 (Reuters) - American Airlines Group Inc AAL.O said on Sunday it plans to secure $3.5 billion in new financing, to improve the airline's liquidity as it grapples with travel restrictions caused by the coronavirus. The company plans to raise $1.5 billion by ...
2020-06-21 00:00:00+00:00
AAL
Consumer Discretionary Stocks' Latest Challenge: Should Stores Require Masks?
It has already been a disastrous year for consumer-facing stocks. Nonessential retailers -- the ones that sell discretionary items like apparel -- were forced to close their stores in March when the pandemic first started. Then, just as some of them were starting to reopen, they were vandalized by looters in a number o...
2020-06-19 00:00:00+00:00
AAL
US Airlines May Ban Passengers For Not Wearing Face Masks
(RTTNews) - U.S. airlines are stepping up enforcement of face covering policies, including banning passengers who do not wear face masks on flights amid the coronavirus pandemic. American Airlines temporarily banned a passenger who was kicked off a flight in New York earlier this week after he refused to wear a face ma...
2020-06-19 00:00:00+00:00
AAL
Airlines Lead Losers as Stock Markets Limp Into the Weekend
Market participants have been uncertain about what the next step for the stock market will be, and today, nervousness ended up winning the day. Despite solid economic data, investors are nervous about spikes in COVID-19 in some key areas of the country that haven't previously seen the worst of the outbreak. Although th...
2020-06-19 00:00:00+00:00
AAL
Why Airline Shares Are Falling Today
What happened Airline investors remain skittish, worried that a second wave of the COVID-19 pandemic could wipe out the gains the sector has made since early April and send travel demand numbers tumbling again. The stocks sold off on Friday afternoon after Apple provided fresh reason for concern about the spread of the...
2020-06-18 00:00:00+00:00
AAL
Report: Airline Industry Suppliers Brace for $60 Billion in Lost Sales
Airlines have recently been seeing an uptick in demand off of COVID-19 pandemic lows, but still plan on a significantly reduced schedule through at least the summer. Delta Air Lines (NYSE: DAL) has said that, even after adding more flights back for July, it expects to have a schedule down 70% compared to July 2019. Wi...
2020-06-18 00:00:00+00:00
AAL
Why You Should Buy Delta After Its Recent Rally
InvestorPlace - Stock Market News, Stock Advice & Trading Tips Airline stocks enjoyed a remarkable run at the stock market as airline traffic rises off April lows. Delta Airlines (NYSE:DAL) stock is up 60% in the last month after bouncing off March and April lows. Source: Markus Mainka / Shutterstock.com U.S. airlines ...
2020-06-18 00:00:00+00:00
AAL
S.Africa's Amplats targets mines at 75-80% capacity by end-year
Adds details of COVID-19 screening, risk levels JOHANNESBURG, June 18 (Reuters) - Anglo American Platinum AMSJ.J expects to bring its mining production back up to 75% to 80% of capacity by the end of this year as South African mines recover from a forced COVID-19 shutdown, CEO Natascha Viljoen said on Thursday. "Our ra...
2020-06-18 00:00:00+00:00
AAL
Lawyer asks UN to intervene with Cerrejon mine on behalf of indigenous Colombians
By Julia Symmes Cobb BOGOTA, June 18 (Reuters) - A British barrister is asking the United Nations Special Rapporteur to intervene with coal miner Cerrejon on behalf of Wayuu indigenous people in Colombia allegedly suffering damage to their health amid the coronavirus pandemic. Cerrejon, which is owned equally by BHP Gr...
2020-06-17 00:00:00+00:00
AAL
Is American Airlines' Loyalty Program Really Worth $31.5B?
After finalizing terms for $5.8 billion of CARES Act payroll support grants two months ago, American Airlines (NASDAQ: AAL) turned its attention to lining up a secured loan under the same program. The $4.75 billion loan it is potentially eligible for represents the crux of the airline's plan to boost liquidity to more ...
2020-06-17 00:00:00+00:00
AAL
How Bulls and Bears Should Trade Boeing Stock Now
InvestorPlace - Stock Market News, Stock Advice & Trading Tips Tuesday’s stock rally generated mixed signals for Boeing (NYSE:BA) shares. The fallen aerospace juggernaut finished the day up 3.6%, but it was well off its morning highs. Boeing stock is flying in the middle of its recent range, making this is a tough spot...
2020-06-17 00:00:00+00:00
AAL
Why Airline Shares Are Down Today
What happened Airline stocks are underperforming the broader markets on Wednesday despite some positive analyst commentary, with investors focused instead on worrisome data about the continuing spread of the COVID-19 pandemic. Spirit Airlines (NYSE: SAVE) is leading the group lower as of 1 p.m. EDT, down 5%, while shar...
2020-06-17 00:00:00+00:00
AAL
Beer Seen as Less Risky Than Spirits During the COVID-19 Pandemic
The novel coronavirus pandemic makes Diageo (NYSE: DEO) a riskier investment because of its exposure to the travel and tourism industry. Credit Suisse analyst Sanjeet Aujla told investors in a note that he favored brewers over distillers right now because spirits are more apt to be consumed in restaurants and bars than...
2020-06-17 00:00:00+00:00
AAL
Chile copper mine workers seek dialogue as coronavirus outbreak explodes
By Fabian Cambero SANTIAGO, June 17 (Reuters) - Unionized copper mine workers in Chile asked on Wednesday to be included in a dialogue between companies and the government to address the exploding coronavirus crisis in the world´s top producer of the red metal. The Chilean Mines Federation - which groups the workers at...
2020-06-17 00:00:00+00:00
AAL
3 Things American Airlines Stock Bulls Need to Happen Soon
The coronavirus pandemic has had a huge impact on the entire global economy, and the airline sector in particular has suffered from travel restrictions and efforts to slow the spread of contagion. American Airlines Group (NASDAQ: AAL) lost more than 70% of its value between mid-February and mid-May as air travel slowed...
2020-06-17 00:00:00+00:00
AAL
Southwest Airlines says has enough cash for two years as demand improves
Adds details cash spending, share movement June 17 (Reuters) - Southwest Airlines LUV.N said on Wednesday it has enough cash to carry on business for the next two years, up from its prior forecast of 20 months, as travel demand gradually picks up. The company's assessment is based on current cash and short-term investm...
2020-06-17 00:00:00+00:00
AAL
With the Worst of the Coronavirus Over, Buy American Airlines Stock
InvestorPlace - Stock Market News, Stock Advice & Trading Tips American Airlines (NYSE:AAL) stock has been on a wild ride over the past few months, as the novel coronavirus pandemic – formally dubbed Covid-19 – has sent unprecedented shock-waves across the global air travel industry. Source: GagliardiPhotography / Shut...
2020-06-17 00:00:00+00:00
AAL
As the Airline Sector Rebound Cools, Hold off on Southwest Stock
InvestorPlace - Stock Market News, Stock Advice & Trading Tips In my last write-up on Southwest Airlines (NYSE:LUV) stock, I discussed how shares may have gone up too much, too soon. And, with shares cooling from their recent epic rally, Wall Street seems to agree. Earlier this month, breadcrumbs of positive news sent ...
2020-06-16 00:00:00+00:00
AAL
American Airlines’ Earnings Power Will Propel AAL Shares Higher
InvestorPlace - Stock Market News, Stock Advice & Trading Tips Two weeks ago I wrote an article on American Airlines (NASDAQ:AAL) where I changed my mind and recommended AAL stock. The stock rose from $11.22 on June 2 to $16.74 on Friday, June 12. That is a gain of over 49% in less than two weeks. Source: GagliardiPhot...
2020-06-16 00:00:00+00:00
AAL
United Gets Tough on Passengers Who Don't Wear Face Masks
United Airlines Holdings (NASDAQ: UAL) said Tuesday it would ban passengers who refuse to wear face masks on flights, part of a broader effort by major airlines to crack down on travelers not taking safety measures to minimize the spread of COVID-19. Beginning on June 18, United passengers who refuse to wear masks will...
2020-06-16 00:00:00+00:00
AAL
3 Airline Stocks That Will Profit From Europe’s Reopening
InvestorPlace - Stock Market News, Stock Advice & Trading Tips Airline stocks have benefitted from new flight schedules — further evidence that the U.S. is on the road to a post-pandemic recovery. The sector has enjoyed a roughly 12% bump as investors cheered every sign of demand rebound. Now that American Airlines (NA...
2020-06-16 00:00:00+00:00
AAL
Chile says copper miners complying with sanitary measures amid outbreak
By Fabian Cambero SANTIAGO, June 16 (Reuters) - A Chilean regulator on Tuesday dismissed the concerns voiced by union workers that mining companies were failing to enforce sanitary measures to combat the spread of the coronavirus, calling mine adherence to the restrictions "adequate." Unions had urged the government to...
2020-06-16 00:00:00+00:00
AAL
American Airlines’ Goal Doesn’t Mean There’s More Value to the Stock
InvestorPlace - Stock Market News, Stock Advice & Trading Tips When investors erased the year-to-date losses in the S&P 500 index last week, buying airline stocks like American Airlines (NASDAQ:AAL) did not seem like a risk. But AAL stock lost 10% of its value last week as markets decided it needed to price in novel co...
2020-06-16 00:00:00+00:00
AAL
Southwest Airlines Is Looking Like a Turnaround Play as Travel Rebounds
InvestorPlace - Stock Market News, Stock Advice & Trading Tips Southwest Airlines (NYSE:LUV) is slowly turning around, along with the other major airlines. I think the company has gone past an inflection point, and, as a result, LUV stock is now a winning turnaround play. But it may be worthwhile to wait a while. More ...
2020-06-15 00:00:00+00:00
AAL
Delta Stock Is Rocky Now, But the Long-Term Payoff Is Huge
InvestorPlace - Stock Market News, Stock Advice & Trading Tips I’m glad I changed my mind on Delta Air Lines (NYSE:DAL) stock in my last article. On June 1, 2020, I wrote, “Delta Air Lines Stock Will Climb As Travelers Return to the Sky,” predicted a turnaround in DAL stock. DAL) Stock Is Rocky Now, But the Long-Term P...
2020-06-15 00:00:00+00:00
AAL
Is Now the Time to Invest in United Airlines? Not According to This Analyst
Airline flight schedules have been severely reduced by the pandemic, but that hasn’t stopped shares of airline stocks flying high and diving low recently. The sector is experiencing extreme bouts of volatility, with sharp drops followed by spiking ascents. United Airlines (UAL) has been an active participant in the she...
2020-06-15 00:00:00+00:00
AAL
Why Airline Shares Are Falling Today
What happened Airline shares were under pressure on Monday after United Airlines Holdings (NASDAQ: UAL) moved to shore up its balance sheet via added debt and issuing more shares. Investors are also getting nervous about a resurgence in COVID-19 cases, putting pressure on travel stocks. United shares traded down 6% as ...
2020-06-15 00:00:00+00:00
AAL
As Southwest Stock Makes Its Way Back, Expect a Bumpy Ride
InvestorPlace - Stock Market News, Stock Advice & Trading Tips Southwest Airlines (NYSE:LUV) has been among the best performers when it comes to the airline stocks. While LUV stock may not have rallied as hard as some of its peers over the last week, its share price has lost the least amount of altitude amid the sellof...
2020-06-15 00:00:00+00:00
AAL
U.S. stocks futures drop on fears of fresh virus wave
By Devik Jain and Medha Singh June 15 (Reuters) - U.S. stock index futures tumbled on Monday as a recent jump in coronavirus cases in China and parts of the United States doused investor hopes of a quick economic rebound that had powered the Nasdaq to record levels last week. Beijing re-imposed measures to curb the spr...
2020-06-15 00:00:00+00:00
AAL
Buy Uber Stock on Weakness as Trends Point to Big Boost for Ride Sharing
InvestorPlace - Stock Market News, Stock Advice & Trading Tips After Uber (NYSE:UBER) stock retreated last week, investors should buy the shares. I continue to believe that Uber and its top competitor, Lyft (NASDAQ:LYFT), will benefit from the decline of mass transit ridership, the opening of economies and the rebound ...
2020-06-15 00:00:00+00:00
AAL
Don’t Buy Into the Recent Rally in American Airlines Stock
InvestorPlace - Stock Market News, Stock Advice & Trading Tips Airline stocks are surging off March lows after an uptick in demand for air travel as the U.S., and other countries have started to ease lockdown restrictions. American Airlines (NASDAQ:AAL) announced that it was resuming a sizable number of flights in July...
2020-06-15 00:00:00+00:00
AAL
United Airlines secures $5 bln loan backed by loyalty program
By Tracy Rucinski CHICAGO, June 15 (Reuters) - United Airlines UAL.O said on Monday it is securing a $5 billion loan backed by its MileagePlus loyalty program, further buffering its liquidity even as bookings hit by the coronavirus pandemic improve. Chicago-based United said that if it also decides to a tap $4.5 billio...
2020-06-14 00:00:00+00:00
AAL
Wall St Week Ahead-Investors bet bounce in value stocks will stick
By David Randall NEW YORK, June 12 (Reuters) - As the U.S. economy begins to emerge from the sharp slowdown during the coronavirus pandemic, some fund managers have been drawn to value stocks, a sector that underperformed during the recent rally. Value stocks, which typically sport lower price-to-earnings valuations, t...
2020-06-13 00:00:00+00:00
AAL
Why Mark Cuban Compares Today's Market to the Dot-Com Bubble
Today's stock market is starting to feel like the dot-com bubble, according to billionaire investor and Shark Tank star Mark Cuban. In an interview with Real Vision, Cuban said that it wasn't just the recent rally in the market, but the massive boom in day trading that's reminding him of the euphoria in the markets jus...
2020-06-12 00:00:00+00:00
AAL
5 Sickly S&P 500 Stocks to Sell or Avoid
The stock market has been remarkably resilient this year amid the pandemic and recession. But the Dow's massive 1,800-point plunge on June 11 should serve as a reminder that equities remain risky. And some are much riskier than others. Every investor wants to buy "when there's blood in the streets." The hard part is ma...
2020-06-12 00:00:00+00:00
AAL
Why Azul, Gol Linhas Aereas, and Grupo Aeroportuario del Pacifico Stocks All Popped 10% Today
What happened Good news out of American Airlines (NASDAQ: AAL) this morning sparked a rally in airline stocks throughout U.S. stock markets and beyond. In afternoon trading, not only did shares of companies such as Delta and United follow American higher, but also shares of Brazilian carriers Gol Linhas Aereas Intelige...
2020-06-12 00:00:00+00:00
AAL
Stock Market Wrap-Up: Why American, Southwest, and Delta Sent Airline Stocks Flying
Market participants regained their confidence in stocks on Friday, leading to modest gains for major market benchmarks. By the end of the day, indexes had clawed back only a fraction of their losses from Thursday, and there's still a lot of nervousness about recent upticks in coronavirus cases in major metropolitan are...
2020-06-12 00:00:00+00:00
AAL
Wall Street rises after biggest pullback since March
By Medha Singh and Devik Jain June 12 (Reuters) - Wall Street's main indexes rose on Friday, after a steep decline in the previous session, but were still on track for their worst week in nearly three months on fears of a rise in new coronavirus infections and economic worries. The indexes, however, were well off their...
2020-06-12 00:00:00+00:00
AAL
Robinhood users' favorite stocks roar back after selloffa
By John McCrank and David Randall NEW YORK, June 12 (Reuters) - Shares of airlines, cruise lines and other companies that have been popular with investors on the Robinhood trading app shot higher on Friday, a day after stocks suffered their worst one-day market rout in about three months. American Airlines Group Inc AA...
2020-06-12 00:00:00+00:00
AAL
BUZZ-U.S. STOCKS ON THE MOVE-Party City, Centene Corp, Hertz Global
Eikon search string for individual stock moves: STXBZ The Day Ahead newsletter: http://tmsnrt.rs/2ggOmBi The Morning News Call newsletter: http://tmsnrt.rs/2fwPLTh Wall Street's main indexes rose on Friday, after a steep decline in the previous session, but were still on track for their worst week in nearly three month...
2020-06-12 00:00:00+00:00
AAL
Friday Sector Leaders: Aerospace & Defense, Airlines
In trading on Friday, aerospace & defense shares were relative leaders, up on the day by about 5.5%. Leading the group were shares of Triumph Group, up about 13.7% and shares of AAR up about 12.4% on the day. Also showing relative strength are airlines shares, up on the day by about 5.2% as a group, led by American Air...
2020-06-12 00:00:00+00:00
AAL
Why Boeing, Spirit AeroSystems, and Triumph Group Stocks All Popped This Morning
What happened After an epic sell-off Thursday, stocks came roaring back to notch big gains Friday morning. Blue chip aerospace stock Boeing (NYSE: BA), which tumbled 16.5% on Thursday, is helping lead the charge back this morning, rising 10.25% through 10:25 a.m. EDT. Riding its coattails are two of its biggest suppli...
2020-06-12 00:00:00+00:00
AAL
Notable Friday Option Activity: AAL, TGT, QCOM
Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume today in American Airlines Group Inc (Symbol: AAL), where a total of 614,252 contracts have traded so far, representing approximately 61.4 million underlying shares. That amounts to about 53.5% of AAL's average daily tra...
2020-06-12 00:00:00+00:00
AAL
Why Airline Shares Are Soaring Today
What happened Airline stocks surged higher on Friday following positive comments from American Airlines Group (NASDAQ: AAL) concerning traffic trends and cash bleed. The sector has been volatile of late, moving up and down based on sentiment about the prospects of a second wave of coronavirus infections and an economic...
2020-06-12 00:00:00+00:00
AAL
Should You Buy or Sell Airline Stocks Right Now?
You can't be blamed if you sold out of airline stocks as the COVID-19 pandemic decimated the industry. After all, one of the greatest names in investing dumped massive airline stakes at a loss during the panic. But investing can be humbling, even for Warren Buffett, and the stocks have been surging of late on growing o...
2020-06-12 00:00:00+00:00
AAL
American Airlines Sees Cash Burn Rate Trending to Zero
In a new SEC filing, American Airlines Group (NASDAQ: AAL) said it expects second-quarter revenue down 90% versus the year ago period. This is in line with what competitor Delta Air Lines (NYSE: DAL) said this week. American also said that its cash burn rate has decelerated from the $100 million per day it saw in April...
2020-06-12 00:00:00+00:00
AAL
Wall Street Week Ahead-Investors bet bounce in value stocks will stick
By David Randall NEW YORK, June 12 (Reuters) - As the U.S. economy begins to emerge from the sharp slowdown during the coronavirus pandemic, some fund managers have been drawn to value stocks, a sector that underperformed during the recent rally. Value stocks, which typically sport lower price-to-earnings valuations, t...
2020-06-12 00:00:00+00:00
AAL
American Airlines Stock Surely Will Be Back After Yesterday’s Beating
InvestorPlace - Stock Market News, Stock Advice & Trading Tips American Airlines (NASDAQ:AAL) stock plunged on June 11 as investors worried that states will reinstate shutdowns and that fears of the novel coronavirus will intensify among Americans. Source: GagliardiPhotography / Shutterstock.com However, in all likelih...
2020-06-12 00:00:00+00:00
AAL
Wall Street rebounds after biggest pullback since March
By Medha Singh and Devik Jain June 12 (Reuters) - Wall Street's main indexes jumped on Friday, recouping about half of the previous session's sharp losses, but were still on track for their worst week in nearly three months on fears of a rise in new coronavirus infections and economic worries. All the major S&P sectors...
2020-06-12 00:00:00+00:00
AAL
American Airlines sees 90% slump in second-quarter revenue
June 12 (Reuters) - U.S. airline American Airlines Group Inc AAL.O said on Friday it expects its second quarter revenue to decline 90% compared with a year earlier. The company expects to reduce its cash burn rate to about zero by the end of 2020, as demand conditions continue to improve. (https://bit.ly/3cXRVp3) (Repo...
2020-06-12 00:00:00+00:00
AAL
US STOCKS-Wall Street set for strong open after Thursday's rout
By Medha Singh and Devik Jain June 12 (Reuters) - Wall Street's main indexes were set to open sharply higher on Friday, a day after they saw the biggest one-day dive in about three months on fears of a resurgence in coronavirus infections. Big U.S. lenders including Bank of America Corp BAC.N, Citigroup Inc C.N and Mor...
2020-06-11 00:00:00+00:00
AAL
U.S. stock futures drop on fears of second virus wave, bleak economic view
By Medha Singh and Devik Jain June 11 (Reuters) - U.S. stock futures fell sharply on Thursday on jitters over a second wave of coronavirus infections and a grim forecast for the economy from the Federal Reserve. Shares of airlines, cruise operators and casinos slumped as a Reuters analysis showed new cases rose in the ...
2020-06-11 00:00:00+00:00
AAL
Why Airline Shares Are Down Today
What happened Airline shares headed south for the third consecutive trading session, weighed down by a rise of new COVID-19 cases in tourism hot spots that some fear could be the start of a second wave to the pandemic. There was also some company-specific news that helped remind investors that even if travel demand is ...
2020-06-10 00:00:00+00:00
AAL
American Airlines Stock Will Soon Run Into Some Turbulence
InvestorPlace - Stock Market News, Stock Advice & Trading Tips Shares of American Airlines (NASDAQ:AAL) have taken off into the stratosphere over the past week. And AAL stock has nearly doubled so far this month as the lockdowns loosen and businesses reopen. Source: GagliardiPhotography / Shutterstock.com Certainly, th...
2020-06-10 00:00:00+00:00
AAL
American Airlines (AAL): Failure Is Not An Option
American Airlines Group (AAL) traded far below $10 because the market viewed bankruptcy as a risk. The CEO was clear at the recent Bernstein Strategic Decisions Conference that bankruptcy should be seen as failure, not a financial tool. The company is busy reducing daily cash burn even with a zero-revenue scenario. Wit...
2020-06-10 00:00:00+00:00
AAL
Platinum processing continues at Amplats plant despite repairs
JOHANNESBURG, June 10 (Reuters) - Anglo American Platinum (Amplats) AMSJ.J will still receive concentrate and deliver metal to customers despite the closure of a unit of its Anglo Converter Plant (ACP) last week when a water leak was detected, the company said on Wednesday. The Johannesburg-listed miner, one of the wor...
2020-06-10 00:00:00+00:00
AAL
Wall Street set to open slightly higher ahead of Fed's economic outlook
By Medha Singh June 10 (Reuters) - Wall Street's main indexes were set to open slightly higher on Wednesday as focus shifted to a Federal Reserve meeting that will deliver the central bank's first projections on the economy post-coronavirus outbreak. Investors will also look for clues on how long the central bank plans...
2020-06-10 00:00:00+00:00
AAL
American, Delta say demand uptick helping cash burn; United requiring health checklists
By David Shepardson and Tracy Rucinski WASHINGTON/CHICAGO, June 10 (Reuters) - American Airlines Group Inc AAL.O and Delta Air Lines Inc DAL.N said on Wednesday that a modest recovery in demand was helping to slow daily cash burn rates in June after the U.S. government reported record low passenger numbers in April ami...
2020-06-10 00:00:00+00:00
AAL
Airline Stocks – A Great Buy, or A Lot of Hot Air?
InvestorPlace - Stock Market News, Stock Advice & Trading Tips Source: Shutterstock A month ago, airline stocks were struggling…to put it mildly. Six weeks into their sell-off, the group was still hovering around the March lows – after COVID-19 grounded flights and caused the industry basket, U.S. Global Jets ETF (NYSE...
2020-06-10 00:00:00+00:00
AAL
Why Airline Shares Are Down Again Today
What happened Airline stocks, after boasting substantial gains last week, have done a U-turn in recent days, with a prominent Wall Street analyst warning on Wednesday that last week's rally on potential good news about travel demand appears overdone. Shares of Spirit Airlines (NYSE: SAVE) traded down more than 13% as o...
2020-06-10 00:00:00+00:00
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White House works to move stalled airline contact tracing plan -sources
By David Shepardson WASHINGTON, June 10 (Reuters) - The White House wants a plan in place by Sept. 1 for airlines to collect contact tracing information from U.S.-bound international passengers, but will not immediately implement a Centers for Disease Control and Prevention (CDC) proposal, three people briefed on the m...
2020-06-09 00:00:00+00:00
AAL
Why These Retailers Surged Monday
What happened Shares of Camping World holdings (NYSE: CWH), Signet Jewelers (NYSE: SIG), and GameStop (NYSE: GME), various brick and mortar retail chains, are all jumping at least 12% higher Monday as many stocks traded on the hopes of the economy reopening and a possible new discovery about the spread of COVID-19. So ...
2020-06-09 00:00:00+00:00
AAL
Stock Market Wrap-Up: The Airline Rally Could Be Over
Stocks largely gave up ground on Tuesday, falling back but giving up only a small portion of their recent gains over the past couple of weeks. Some market participants are waiting to see whether the Federal Reserve will signal any change in policy when it concludes its two-day meeting on Wednesday, especially in light ...
2020-06-09 00:00:00+00:00
AAL
BUZZ-U.S. STOCKS ON THE MOVE-Vroom, Amazon, Applied DNA
Eikon search string for individual stock moves: STXBZ The Day Ahead newsletter: http://tmsnrt.rs/2ggOmBi The Morning News Call newsletter: http://tmsnrt.rs/2fwPLTh Wall Street's S&P 500 and Dow Jones indexes fell on Tuesday, while the tech-heavy Nasdaq hit a record high for the third straight session, as investors eyed...
2020-06-09 00:00:00+00:00
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BUZZ-U.S. STOCKS ON THE MOVE-Fate Therapeutics, Tiffany, MoneyGram
Eikon search string for individual stock moves: STXBZ The Day Ahead newsletter: http://tmsnrt.rs/2ggOmBi The Morning News Call newsletter: http://tmsnrt.rs/2fwPLTh Wall Street's S&P 500 and Dow Jones indexes fell on Tuesday while the tech-heavy Nasdaq hit a record high for the third straight session as investors eyed t...
2020-06-09 00:00:00+00:00
AAL
Why Airline Shares Are Falling Today
What happened Airline shares have been red-hot through the first week of June, with some companies rocketing up more than 90% in the early days of the month. Gravity finally pushed back some on Tuesday, with the sector giving back a small part of those gains. Shares of American Airlines Group (NASDAQ: AAL) traded down ...
2020-06-09 00:00:00+00:00
AAL
How to Handle Red-Hot American Airlines Stock
InvestorPlace - Stock Market News, Stock Advice & Trading Tips Airline stocks are crashing, but it’s not lower — it’s higher. Call it a reverse crash, a melt-up, a buying stampede. You can pick your superlative of choice to describe just how glorious the rebound has been; they all apply. Today we’re viewing the space t...
2020-06-09 00:00:00+00:00
AAL
Forget Airline Stocks, Buy Aerospace Suppliers Instead
The commercial aviation industry has obviously taken a major hit from the COVID-19 pandemic and it appears that getting back to 2019 levels is going to be a multi-year event. That said, every stock has its price, and it's no surprise that value investors have been buying airline stocks with an aim of playing the recove...
2020-06-09 00:00:00+00:00
AAL
U.S. stock futures fall as recovery rally pauses ahead of Fed meeting
By Medha Singh June 9 (Reuters) - U.S. stock index futures dropped on Tuesday, giving back some gains after the Nasdaq notched a record closing high in the previous session, with focus now on the Federal Reserve's two-day policy meeting. Stocks in the travel industry including American Airlines Group Inc AAL.O, United ...
2020-06-09 00:00:00+00:00
AAL
Wall Street set to fall as rally pauses ahead of Fed meeting
By Medha Singh and Devik Jain June 9 (Reuters) - Wall Street's main indexes were set open lower on Tuesday, a day after the Nasdaq surged to a record closing high on hopes of a quick economic recovery from a coronavirus-fueled downturn, with focus now on the Federal Reserve's policy meeting. Stocks in the travel indust...
2020-06-09 00:00:00+00:00
AAL
GE Stock Looks Like A Bargain Now as the Recovery Gets Underway
InvestorPlace - Stock Market News, Stock Advice & Trading Tips General Electric (NYSE:GE) is likely going to benefit from the easing of global coronavirus restrictions. As a result, I have changed my mind about GE stock. In my last article, at the end of April, I argued that the stock would languish. But now I think it...
2020-06-08 00:00:00+00:00
AAL
American Airlines Stock May Very Well Ride This Airline Rally All the Way
InvestorPlace - Stock Market News, Stock Advice & Trading Tips Airlines were among the equities most adversely affected by the novel coronavirus pandemic and American Airlines (NYSE:AAL) was certainly part of that trend. The carrier isn’t out of the woods yet, not by a long shot, but AAL stock surged 41% on June 4 as i...
2020-06-08 00:00:00+00:00
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Breakingviews - Corona Capital: U.S. recession, Grubhub, Airlines
Reuters Reuters NEW YORK/DALLAS/LONDON/MILAN/HONG KONG (Reuters Breakingviews) - Corona Capital is a daily column updated throughout the day by Breakingviews columnists around the world with short, sharp pandemic-related insights. LATEST - U.S. recession data - Grubhub’s bidders - Airline optimism RECESSION COMPRESSI...
2020-06-08 00:00:00+00:00
AAL
American Airlines Preparing for High-Level Layoffs, Says Report
American Airlines Group (NASDAQ: AAL) is preparing severance packages for upper management workers that get laid off as the company prepares to adjust its business to a lower demand environment, reports CNBC. The company announced in late May that it would need to cut 30% of management and administration jobs, as it be...
2020-06-08 00:00:00+00:00
AAL
This Hot Airline ETF Surged 67% in 3 Weeks: Why You Should Stay Away
As the COVID-19 pandemic swept across the U.S. beginning a few months ago, airline traffic dried up. By mid-April, the TSA was screening fewer than 100,000 people a day, down 96% year over year. Investors responded by dumping airline stocks indiscriminately. Despite the likelihood that business will eventually recover,...
2020-06-08 00:00:00+00:00
AAL
BUZZ-U.S. STOCKS ON THE MOVE-Tesla, Carnival Corp, Opiant Pharmaceuticals
Eikon search string for individual stock moves: STXBZ The Day Ahead newsletter: http://tmsnrt.rs/2ggOmBi The Morning News Call newsletter: http://tmsnrt.rs/2fwPLTh U.S. stock indexes, S&P 500 and the Dow Jones were set to rise on Monday, building on last week's sharp gains after a surprise rebound in jobs strengthened ...
2020-06-08 00:00:00+00:00
AAL
U.S. stock futures rise on optimism over economic revival
By Devik Jain and Medha Singh June 8 (Reuters) - U.S. stock index futures rose on Monday as a surprisingly upbeat jobs report last week added to optimism that the world's biggest economy has weathered the worst fallout of the coronavirus outbreak. Leading the gainers premarket were shares of companies hammered by the p...
2020-06-08 00:00:00+00:00
AAL
Wall Street set to rise on swift economic rebound hopes
By Devik Jain and Medha Singh June 8 (Reuters) - The S&P 500 and the Dow Jones indexes were set to rise on Monday, building on last week's sharp gains after a surprise rebound in jobs strengthened views that the U.S. economy has weathered the worst of the economic fallout from the COVID-19 pandemic. Hammered shares of ...
2020-06-08 00:00:00+00:00
AAL
Did You Really Miss Buying Delta Stock? Maybe Not.
InvestorPlace - Stock Market News, Stock Advice & Trading Tips When it comes to Delta Airlines (NYSE:DAL), there have been some very profitable bears in 2020 and now there’s more than a few bulls making hay. But in the near-term, DAL stock looks a bit like that undesirable middle seat that only leads to frustration. So...
2020-06-08 00:00:00+00:00
AAL
Why Airline Shares Are Flying Higher Today
What happened Airline shares got a lift on Monday after a prominent Wall Street analyst declared an initial rebound in travel demand is "real." The stocks have been rallying in recent days on hopes that the worst of the COVID-19 pandemic-related slowdown is over, but there remain a lot of skeptics about the rally. Shar...
2020-06-08 00:00:00+00:00
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BUZZ-U.S. STOCKS ON THE MOVE-Sino-Global Shipping, Michaels Companies, Applied DNA
Eikon search string for individual stock moves: STXBZ The Day Ahead newsletter: http://tmsnrt.rs/2ggOmBi The Morning News Call newsletter: http://tmsnrt.rs/2fwPLTh Wall Street's main indexes rose on Monday, building on last week's sharp gains after a surprisingly upbeat jobs report raised bets of a swift recovery from ...
2020-06-08 00:00:00+00:00
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Chile's biggest copper mines' output rises despite coronavirus: Cochilco
By Fabian Cambero SANTIAGO, June 8 (Reuters) - Copper production in Chile's top mines rose in April despite the generalised shutdown in the country aimed at halting the spread of the new coronavirus. Chilean copper commission Cochilco said state miner Codelco, the world's top copper producer, saw production rise 2.8% y...
2020-06-08 00:00:00+00:00
AAL
The Ultimate Bailout for United Airlines May Be Bankruptcy
InvestorPlace - Stock Market News, Stock Advice & Trading Tips At United Airlines (NASDAQ:UAL), a lot of people are making money on a company that appears dead. That’s all thanks to UAL stock. Source: travelview / Shutterstock.com As was said in The Princess Bride, there’s dead and mostly dead. United Airlines is only ...
2020-06-08 00:00:00+00:00
AAL
Wait for a Pullback in Southwest Airlines Before Diving In
InvestorPlace - Stock Market News, Stock Advice & Trading Tips On the heels of an air travel bounce back, Southwest Airlines (NYSE:LUV) has made an epic recovery as of late. Since May 15, shares have rallied tremendously. But, with LUV stock up more than 60% in less than a month, is it too late for investors to buy in ...
2020-06-08 00:00:00+00:00
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BUZZ-U.S. STOCKS ON THE MOVE-Boeing, Chesapeake Energy, Ideanomics
Eikon search string for individual stock moves: STXBZ The Day Ahead newsletter: http://tmsnrt.rs/2ggOmBi The Morning News Call newsletter: http://tmsnrt.rs/2fwPLTh U.S. stocks rose on Monday, with the Nasdaq hitting a record high for the second straight session, after a surprisingly upbeat jobs report last week raised ...
2020-06-05 00:00:00+00:00
AAL
Consumer Sector Update for 06/05/2020: GRUB,UBER,CCL,AAL,GPS
Consumer stocks were ending mostly higher, with the SPDR Consumer Staples Select Sector ETF climbing 1.5% this afternoon while the SPDR Consumer Discretionary Select Sector ETF was adding 2.3% in value. In company news, GrubHub (GRUB) climbed over 5% after CNBC reported that German rival Delivery Hero and its newly acq...
2020-06-05 00:00:00+00:00
AAL
Wall Street jumps on surprise improvement in labor market
By Devik Jain and Shreyashi Sanyal June 5 (Reuters) - U.S. stock indexes jumped on Friday, with the Nasdaq Composite less than 1% away from a record high, on hopes of a faster economic rebound from a coronavirus-led slump after data showed surprise job additions in May. Data from the Labor Department showed nonfarm pay...
2020-06-05 00:00:00+00:00
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BUZZ-U.S. STOCKS ON THE MOVE-Tenet Healthcare, Sorreto, Kontoor Brands
Eikon search string for individual stock moves: STXBZ The Day Ahead newsletter: http://tmsnrt.rs/2ggOmBi The Morning News Call newsletter: http://tmsnrt.rs/2fwPLTh U.S. stock indexes jumped on Friday, with the Nasdaq Composite less than 1% away from a record high, on hopes of a faster economic rebound from a coronaviru...
2020-06-05 00:00:00+00:00
AAL
Nasdaq closes in on record high after surprise jobs report
By Devik Jain and Shreyashi Sanyal June 5 (Reuters) - A stunning U.S. jobs report on Friday put the Nasdaq within striking distance of its record high as investors flocked back to riskier assets on hopes of a swift economic rebound from the coronavirus-driven slump. The blue-chip Dow Jones index .DJI added 1,000 points...
2020-06-05 00:00:00+00:00
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BUZZ-U.S. STOCKS ON THE MOVE-Genius Brands, Royal Caribbean, Sorrento
Eikon search string for individual stock moves: STXBZ The Day Ahead newsletter: http://tmsnrt.rs/2ggOmBi The Morning News Call newsletter: http://tmsnrt.rs/2fwPLTh A stunning U.S. jobs report on Friday put the Nasdaq within striking distance of its record high as investors flocked back to riskier assets on hopes of a s...