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Airline Shares Swing Higher After Trump Suggests Aid For Industry In New Tweet
Wednesday, October 7, 2020 - 10:12am | 2057Last month when the market got smacked by frustration over sputtering stimulus talks, many investors bought the dip. Following yesterday’s late downturn after President Trump called off stimulus talks, the question becomes whether that same “buy the dip” mentality takes hold...
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Airlines And Banks In Focus As Layoff Fears Propel Hopes For More Fiscal Stimulus
Thursday, October 1, 2020 - 9:59am | 2253Leaves are turning orange and red but Q4 begins with Wall Street tinted green as investors build in fresh hopes for another fiscal stimulus package. It feels like there might be new enthusiasm to get something done in D.C. following recent headlines that American Airlines Group Inc...
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US Airline Companies Shaking Up Their Infrastructure
Monday, December 9, 2019 - 2:22pm | 1166Jet Blue Appoints Two Vice Presidents, United Airlines Announces CEO, and American Airlines Introduces a Passport Scan Feature JetBlue Airways Corporation (NASDAQ: JBLU) is once again the subject of a possible merger speculation and by no other than Delta Air Lines (NYSE: DAL) who...
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Market Rebounds On Trade Optimism, Tech Bounce; Jobs Report Stronger Than Expected
Friday, January 4, 2019 - 11:41am | 1756A stronger-than-expected government report on the nation’s employment situation provided investors with some good news to cap a dismal week that saw worries about global economic growth ratchet up. Total nonfarm payrolls in December surged 312,000, well above the 180,000 jobs economists in a...
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American Air's Q2 Results Reflect Headwinds In Airline Sector
Friday, July 22, 2016 - 7:51am | 285Shares of American Airlines Group Inc (NASDAQ: AAL) were trading lower by nearly 2 percent Friday morning after the company reported second quarter results. American Airlines said it earned $1.68 per share in the second quarter on revenue of $10.363 billion. Wall Street analysts were expecting...
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American Airlines Continues To Cause Pain For The Bulls
Monday, June 15, 2015 - 3:04pm | 457American Airlines Group Inc (NYSE: AAL) shares have been in free fall since March 20 – largely coinciding and likely resulting from the resurgence in crude oil prices. The stock has dropped from around $55 in March down to as low as $38 and change in the recent days. With some technicians noting...
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American Airlines Or United Airlines: Which Would You Rather?
Wednesday, April 30, 2014 - 10:28am | 606Two of the oldest airlines have a corporate rivalry that borders on legendary. United Continental Holdings (NYSE: UAL) (United Airlines) and American Airlines (NASDAQ: AAL) are almost always locked in a head-to-head competition for industry supremacy, despite the rise of several other newer...
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Market Wrap For January 29: Markets Lower on Fed Taper, Emerging Markets Worries
Wednesday, January 29, 2014 - 6:38pm | 2416U.S. stocks were unable to keep yesterday's momentum and ended the day sharply lower. The Dow suffered yet another triple digit decline with the S&P 500 and Nasdaq indices shedding more than one percent. In Ben Bernanke's final meeting as Fed chief, the FOMC tapered its monthly bond...
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Airlines In 2014 – Good Bet or Bad Deal?
Monday, January 6, 2014 - 1:05pm | 669In general, airline stocks did well in 2013, leading some analysts such as Jack Hough of Barron’s to promote at least some airlines for 2014. Hough likes Delta (NYSE: DAL) in particular. Hough included that airline in a list of what he called turnaround stocks. Hough wrote, “The company has...
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Market Wrap For December 18: Markets Surge Following the Fed's Taper Announcement
Wednesday, December 18, 2013 - 5:46pm | 2716After much anticipation and heavily speculation the Federal Reserve announced a $10 billion per month taper. Treasury purchases will be cut to $40 billion per month with MBS purchases cut to $35 billion per month. The Fed's move shouldn't come as a surprise as recent economic data and...
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Market Wrap For December 9: Investors Digest Further Clues Hinting at An Upcoming Taper
Monday, December 9, 2013 - 5:45pm | 1739According to Jim Bullard, the chances of the Fed tapering have increased due to recent labor market data. “There is no widely accepted reason why inflation is running as low as it is in the face of extraordinarily accommodative policy for the Fed,” he added. The St. Louis Fed chief added that...