-
Imperial Capital Updates The Airline Industry; American Airlines Is Top Pick
Friday, October 24, 2014 - 9:34am | 529Bob McAdoo of Imperial Capital issued an industry wide update for the airline industry following a mostly better-than-expected quarterly earnings seen in many individual airlines. "By and large, record third quarter 2014 operating results have been consistent with or better than investor...
-
Airline Earnings: Southwest, American Airlines, JetBlue Were All Flying Higher
Thursday, October 23, 2014 - 4:34pm | 506Several airlines reported earnings on Thursday morning. Investors and traders have been paying particularly close attention to the group in recent weeks as oil prices tumbled while the Ebola scare placed a negative sentiment on the entire sector. Southwest Airlines: Improving Metrics...
-
Delta Air Lines Earnings Preview: Can It Overcome Headwinds?
Wednesday, October 15, 2014 - 7:59am | 841Delta Air Lines, Inc. (NYSE: DAL), which like its rivals has seen shares suffer due to the Ebola scare, is scheduled to report its third quarter results Thursday, October 16, before the markets open. Can investors have any hope for another big positive earnings surprise like the one back in the...
-
Bank of America Raises PO On United Continental Holdings Inc After Better-Than-Expected Revenues
Thursday, October 9, 2014 - 8:37am | 243Bank of America Merrill Lynch raised its price objective from $40 to $44 on United Continental Holdings, Inc. (NYSE: UAL) and maintained its Underperform rating in a report issued Wednesday. United Continental Holdings, Inc. “announced better than expected revenues and expenses for the...
-
S&P 500 Closes Above 2,000; Dow Hits New All-Time High As Markets Continue To Rally
Tuesday, August 26, 2014 - 4:42pm | 2835U.S. stocks rose, lifting the Dow to new historical all-time highs of 17,153.80 following a better than expected rise in orders of durable goods. Consumer confidence improved in August, helping market sentiments while investors and traders placed less emphasis on a report that home prices are...
-
Markets Little Changed Ahead Of The Federal Reserve's Policy Decision
Monday, July 28, 2014 - 4:36pm | 2462U.S. stocks were little changed ahead of the Federal Reserve's policy announcement due out on Wednesday. The Federal Reserve will conclude a two-day session, with the central bank likely to announce further cuts to its monthly asset purchases. In economic news, June home sales declined in...
-
Earnings Continue Driving Markets Higher
Wednesday, July 16, 2014 - 5:23pm | 3415U.S. stocks rose as investors and traders find comfort in corporate earnings that continue to come in at better-than-expected levels. Although it's still very early in to earning season, Intel Corp. (NASDAQ: INTC) reported better-than-expected results and stronger-than-expected PC sales,...
-
Markets Close Higher Ahead Of Busy Earnings Season
Friday, July 11, 2014 - 4:40pm | 2373U.S. stocks rose ahead of next week's busy earnings schedule, but still finished lower for the week. On Tuesday, Yahoo! and Intel kick off earnings in the tech sector with eBay following on Wednesday. Investors will also see results from Citigroup, Goldman Sachs and JPMorgan Chase in the...
-
Stocks Close Lower On Economic Concerns In Europe
Thursday, July 10, 2014 - 4:38pm | 2145U.S. markets followed European equities and sold off after Portugal's second largest bank Banco Espirito Santo missed a debt payment, renewing concerns over the health of the Portuguese and European economy. Despite a comeback from hefty losses, major indices still finished the day in...
-
Rumored Big Engine Order From American Could Boost GE Aviation's Bottom Line
Wednesday, July 2, 2014 - 10:50am | 730Forbes said General Electric (NYSE: GE)’s aviation wing was “poised for solid growth in coming years.” Reuters sources seemed to agree Tuesday indicating the company and fellow CFM International partner, Safran SA of France were on the cusp of an order for 200 CFM International...
-
Why The Shorts Have Exited Major Airlines
Saturday, June 14, 2014 - 4:52pm | 1061Short sellers got out of the way of the major U.S.-based airline stocks in the lead up to the summer travel season and as share prices rose as much as 10 percent to multiyear highs. The number of shares sold short in American Airlines (NASDAQ: AAL), Delta Air Lines (NYSE: DAL) and United...
-
Market Wrap For June 9: Markets Higher On St. Louis Fed Comments, Low Volume
Monday, June 9, 2014 - 4:42pm | 2188U.S. markets rose for the fourth straight session as investors positively digested comments coming from the St. Louis Fed. Jim Bullard, the St. Louis Fed chief said that inflation is low but moving back toward the two percent target. As such, Bullard argued that the Federal Reserve Open...
-
#PreMarket Primer: Monday, May 12: Eastern Ukraine Secession Vote A Victory For Separatists
Monday, May 12, 2014 - 6:43am | 1130Pro-Russian separatist rebels celebrated an overwhelming victory in a makeshift secession vote held on Sunday. The vote has been condemned by the EU as illegal; however the rebel groups have said it will allow eastern Ukraine to decide whether it will remain a part of Ukraine, become self-...
-
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...
-
Market Wrap For April 29: Dow Approaches Record Highs Despite Ongoing Ukraine Tension and Upcoming Fed Meeting
Tuesday, April 29, 2014 - 4:43pm | 3331U.S. stocks finished higher as the Dow approached its all time high of 16,631.60. The index trading on Tuesday as high as 16,559.39. The S&P 500 index is also not that far away from its all time highs of 1,897.28. The Federal Open Market Committee began its two-day meeting in Washington....