|Bid||0.00 x 3100|
|Ask||0.00 x 800|
|Day's Range||25.37 - 26.60|
|52 Week Range||24.23 - 37.23|
|Beta (5Y Monthly)||1.64|
|PE Ratio (TTM)||6.89|
|Earnings Date||Apr 23, 2020 - Apr 27, 2020|
|Forward Dividend & Yield||0.40 (1.45%)|
|Ex-Dividend Date||Feb 03, 2020|
|1y Target Est||35.83|
STOCK ALERT Falling. The three major U.S. stock market indexes dropped sharply as worries grew about the spread of the coronavirus. Travel, gambling and technology stocks took significant hits. The Dow Jones Industrial Average dropped 369 points and the S&P 500 fell 1.
Shares of airlines took a tumble Monday, as the rapid spread of the coronavirus out of China triggered travel bans, with particular weakness in carriers with a global footprint. American Airlines Group Inc.'s stock sank 7.1% to pace the losers in both the Dow Jones Transportation Average and the S&P 500 . The Dow transports were also led lower by shares of United Airlines Holdings Inc. , down 5.1%, and Delta Air Lines Inc. , which fell 4.6%. Elsewhere, shares of Hawaiian Air parent Hawaiian Holdings Inc. lost 4.8%, JetBlue Airways Corp. gave up 2.8%, Southwest Airlines Co. slipped 1.5% and Alaska Air Group Inc. dropped 2.5%. The Dow transports fell 232 points, or 2.1%, while the NYSE Arca Airline Index slid 3.3% and the S&P 500 was down 1.5%.
Rating Action: Moody's assigns B1 CFR to Aeroméxico; B2 to proposed notes. New York, January 24, 2020 -- Moody's Investors Service (Moody's) assigned a B1 Corporate Family Rating (CFR) to Grupo Aeroméxico, S.A.B. de C.V. (Aeroméxico.) and B2 to its proposed USD400 million senior unsecured global notes to be issued by its fully owned subsidiary Aerovías de México, S.A. de C.V. and unconditionally guaranteed by Aeromexico. This is the first time Moody's assigns a rating to Aeromexico.
Did Friday's selloff catch you off guard? The S&P 500 shed over 1% at one point, as investors book profits and pare down risk ahead of the weekend in the stock market today.The coronavirus continues to drive the narrative. While the World Health Organization said on Thursday that the virus strain not yet demanding of international emergency, traders and investors are unsure how to process the situation.InvestorPlace - Stock Market News, Stock Advice & Trading TipsFor many observers though, it's simply an opportunity to sell off. Meaning that, the market has been too hot and any excuse to pullback a bit is in play. Stocks have been on a steady ascent, and at this point, even an 8% to 10% correction from the highs would still leave the technicals in pretty good shape.The coronavirus has a few memory sensors tingling back to late-Q3 early-Q4 2014, when the Ebola scare sent the market lower by almost 10%. And remember, that was mainly out of Africa. There are a lot more people in China doing a lot more traveling and working in a much larger economy. Click to Enlarge Source: Chart courtesy of StockCharts.comSo if the headlines continue to worsen, perhaps we'll continue to see some air leave the market. Movers in the Stock Market TodayBoeing (NYSE:BA) was one of the wildest movers today. Shares sank on reports that the company is mulling a production cut for its 787 Dreamliner jet. So how did the stock surge from the lows and end higher by 1.7%?Reports from the FAA now suggest that the 737 MAX may be reinstated before mid-year. Earlier this week, BA shares sold off on reports of a software issue and a possible delay of the 737 MAX until June or July. Friday's news also sent Southwest Airlines (NYSE:LUV) from negative to positive territory, and helped alleviate some of the losses in American Airlines (NYSE:AAL) and United Airlines (NYSE:UAL). * 7 'A'-Rated Dividend Stocks That Provide Inflation-Beating Income Broadcom (NASDAQ:AVGO) initially jumped over 3% to new 52-week highs, although most of those gains evaporated on the back of market-wide selling. In any regard, shares were on the rise after the company agreed to two multi-year deals to supply wireless components to Apple (NASDAQ:AAPL). The agreement could be worth up to $15 billion in revenue for AVGO. AppleSpeaking of Apple, the company has reportedly garnered more than 33 million U.S. subscribers for its Apple TV+ service. That's behind Netflix's (NASDAQ:NFLX) 61.3 million subscribers and Amazon's (NASDAQ:AMZN) 42.2 million Prime Video subs, but ahead of Disney's (NYSE:DIS) Disney+ subscribers of 23.2 million.Honestly though, the figures for both Disney+ and Apple TV+ are impressive given that both platforms just launched a few months ago. It may make competition even harder for Comcast's (NASDAQ:CMCSA) coming Peacock service.Lastly for Apple, the stock received yet another price target hike from Wedbush analyst Dan Ives. Ives has been bullish on Apple for a while now, but took his price target from $350 to $400 on more 5G optimism.That wasn't the only call regarding Apple and 5G, although the sentiment is not shared. Rosenblatt analysts argued that "the market has become too enthusiastic about the upcoming 5G cycle. We expect the cycle to be similar to a regular smartphone upgrade cycle (or even slower than a regular upgrade cycle) due to consumers waiting for 5G networks to get better and 5G phone prices to drop."While the analyst raised their price target by $100, it was only up from $150 to $250, which doesn't exactly come across as bullish as Apple recently hit a high of $323. Heard on the StreetDisney Shanghai will be closed on Saturday, as to not aid in the spread of the coronavirus. That's even as the Chinese New Year gets underway. That didn't stop Morgan Stanley analysts from feeling bullish on the stock though. They upped their price target to $170.That's also despite the breakdown on the chart.Keybanc analysts are feeling bullish on big tech. In particular, they like Facebook (NASDAQ:FB) and Alphabet (NASDAQ:GOOG, NASDAQ:GOOGL), raising their price target to $263 and $1,749, respectively. Higher valuations, strong growth and free cash flow should drive the stocks higher, they say.Finally, Intel (NASDAQ:INTC) stock tacked on 8.1% after better-than-expected fourth-quarter results. In fact, INTC smoked earnings and revenue estimates and provided robust guidance.However, that didn't stop Loop Capital from downgrading the stock from "hold" to "sell." Although they did raise their price target from $50 to $59.Bret Kenwell is the manager and author of Future Blue Chips and is on Twitter @BretKenwell. As of this writing, Bret Kenwell is long AVGO, AMZN, AAPL and DIS. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Stocks on the Move Thanks to the Davos World Economic Forum * Invest in America's Most Trusted Brands With These 7 Stocks to Buy * 7 Earnings Reports to Watch Next Week The post Stock Market Today: Rally Over?; Apple TV+ CountÂ appeared first on InvestorPlace.
Two senior Sea-Tac Airport staffers explain how they developed plans to add a terminal and 19 gates to meet the projected demand of 56 million passengers by 2027.
Zacks.com featured highlights include: ArcBest, American Airlines, AmerisourceBergen, Owens & Minor and Commercial Metals
So far, 18 fatalities and more than 600 are affected by coronavirus in China and the virus is spreading across the boundary, spooking investors.
Per a report by U.K.-based flight data information firm OAG, the prolonged 737 Max grounding is estimated to have hurt global airline industry revenues by $4.1 billion in 2019.
Sea-Tac Airport this week said a record 51.8 million passengers coursed through its terminals in 2019, and that number is expected to hit 56 million by 2027.
American Airlines and Southwest reported a weaker-than-expected Q4 earnings Thursday, while JetBlue beat estimates.
Suffering the same cargo malaise as its competitors, American Airlines (NASDAQ: AAL), which saw its cargo revenue top $1 billion in 2018, retreated from that benchmark in 2019 and is forecasting further declines for early 2020. The airline's fourth-quarter 2019 cargo revenue fell 18.3% from the same period in 2018 to $216 million, mostly due to a 15.6% decline in cargo volume. Yield and volume were weighed down by trade concerns and macro economic weakness outside the U.S., company officials said Thursday in a conference call with analysts.
Shortly after American Airlines Group Inc (NASDAQ: AAL) reported fourth-quarter results Thursday morning, CEO Doug Parker was a guest on CNBC to discuss the quarter and what's next for the airliner. American Airlines reported adjusted quarterly earnings of $1.15 per share, which missed the analyst estimate of $1.21. The company is now beyond these investments, which marks an "exciting point" for American Airlines and its shareholders.
Quarterly earnings results from Comcast, Southwest, American Airlines, and more. And a look at why Pure Storage, Inc. (PSTG) is a Zacks Rank 1 (Strong Buy) stock right now, as it trades under $20 a share...
American Airlines has pushed out the Boeing 737 Max’s expected return to service until June. But CEO Doug Parker anticipates that the aircraft’s grounding could extend into the late summer or early fall, depriving the airline of a key piece of its network planning during the peak summer travel period. When the Boeing 737 Max […]
Southwest Airlines Co (NYSE: LUV) has been mostly grounded in the past year, gaining just 7%. On Thursday, Benzinga Pro subscribers received nine option alerts related to unusually large trades of airline options. At 9:36 a.m., a trader sold 500 American Airlines Group Inc (NASDAQ: AAL) put options with a $27 strike price expiring on Feb. 21 near the bid price at $1.604.
American Airlines and Southwest said strong demand for travel HELPED cushion QUARTERLY results even though the grounding of the Boeing 737 MAX WEIGHS on costs and profits. The Boeing jets have been out of action since a safety ban took effect in March following two deadly crashes. That forced American and Southwest to cancel thousands of flights. Although the grounding bit into earnings, healthy demand helped American grow its quarterly profit 27%, surpassing analysts estimates, and revenue also rose. BUT IT WAS ANOTHER STORY FOR Southwest since it is the world's largest operator of 737 MAX planes. Profit fell 21%, and the carrier warned the grounding will continue to weigh on profits in the first quarter. But STILL, it managed to slightly boost its revenue. Southwest said it'll likely extend MAX flight cancellations beyond June. American anticipates resuming service in late summer or early fall. Boeing says it does not expect to get regulatory approval for the MAX to fly again until mid-year.