|Bid||57.70 x 800|
|Ask||57.59 x 900|
|Day's Range||56.87 - 58.02|
|52 Week Range||48.22 - 63.44|
|Beta (5Y Monthly)||1.19|
|PE Ratio (TTM)||7.93|
|Earnings Date||Apr 07, 2020 - Apr 12, 2020|
|Forward Dividend & Yield||1.61 (2.76%)|
|Ex-Dividend Date||Feb 18, 2020|
|1y Target Est||69.89|
Peter Lynch, as manager of the Fidelity Magellan Fund (FMAGX) between 1977 and 1990, rode masterful stock picks to outsize gains. FMAGX delivered average annual total returns of more than 29% to fund investors during his 13-year tenure, clobbering the stock market by over 13 percentage points. A $10,000 investment in Fidelity Magellan Fund starting when Lynch took the reins would have grown to nearly $280,000 by the time he departed.Lynch attributed his success to investing principles he shared in One Up on Wall Street and Beating the Street. His overall strategy, based on a few core concepts, is surprisingly simple. A few of the most salient points: * Invest in what you know. This is perhaps the most-quoted Peter Lynch saying. Lynch was wary of complex investment stories; he preferred stocks that were readily understandable. Some of Lynch's best ideas came from walking through grocery stores and talking with family and friends. He reasoned that, with consumer spending driving two-thirds of the U.S. economy, products and services desired by most consumers would be good investments, too. * Invest in companies with strong foundations. Companies with certain traits make them easier to buy and hold for the long run. On the business side, look for competitive advantages, such as high barriers to entry or efficient scale. Lynch also preferred stocks that had solid cash balances and conservative debt-to-equity ratios. "It's hard to go backward if you have no debt," he once said. * Focus on value. Peter Lynch liked value stocks that traded at cheap valuations based on their price-to-earnings (P/E) ratio. However, he also considered growth as part of the equation and thus wouldn't reject a high-P/E stock if it had a high growth rate, too. Lynch is famous for introducing price/earnings-to-growth (PEG), which factors growth into value. He also used a dividend-adjusted PEG ratio, since cash from dividends is part of the total-return equation. Moreover, Lynch coveted strong companies that were undervalued because they operated in out-of-favor industries.With that in mind, here are 10 stock picks with Peter Lynch qualities. Some of these companies have one or more of the aforementioned traits, while some possess other qualities that the legendary investor prized. SEE ALSO: Every Warren Buffett Stock Ranked: The Berkshire Hathaway Portfolio
The IATA forecasts $27.8-billion loss in revenues for Asia-Pacific carriers during 2020 with the majority to be borne by Chinese airlines.
RDU airport started 2020 with 57 destinations, down from its 2019 peak of 65. But the airport's January traffic was still way up over 2019.
Former Delta executive Daniel Blanchard has landed a job in the InterContinental Hotels Group's C-Suite. The global hotel chain said Thursday it hired Blanchard as its chief technology officer, replacing Laura Miller, who previously served as chief information officer. Blanchard will work in the "reshaped role" out of IHG’s Americas headquarters in Dunwoody, and report to George Turner, IHG's chief commercial & technology officer.
Denver International Airport’s top passenger carriers had a mixed bag of improvements and declines for percentages of on-time arrivals in 2019, according to a U.S. Department of Transportation Air Travel Consumer Report released Wednesday. Atlanta-based Delta Air Lines Inc. (NYSE: DAL) ranked second to Hawaiian Airlines, which is owned by Hawaiian Holdings (Nasdaq: HA), with 83.5% of its flights arriving on time in 2019. Delta is the fourth-largest passenger airline carrier at DIA, according to Denver Business Journal research.
The fact is, investors get into the game to make money. But let’s get one thing straight: finding the right investment is not an easy task. Recognizing the right investment is the hard part. Ask three investors what defines a top stock pick, and you’ll get three different answers. After all, everyone interprets the data in their own way.This is where the TipRanks Smart Score comes in. The Smart Score tool analyzes 8 separate data factors for every stock and combines them into a single number, based on the likelihood that the stock will outperform in the coming year. The higher the Smart Score number, the better the stock’s prospects. It’s a tool that will help you find the shovel ready stocks, the ones that will for you right away.We’ve taken the first step. Setting the filters on the Smart Score tool to show us only those stocks likely to outperform, and refining the search to keep only those with a ‘Strong Buy’ analyst consensus rating, we found three stocks that are good to go. Let's take a closer look.L3Harris Technologies (LHX)Our first pick is a large-cap defense stock. The defense industry never lacks for contracts, and defense stocks have long been considered safe portfolio additions. L3Harris is fair example of the breed. Shares have gained 41% over the past 12 months, and for shareholders, the company supplements those gains with a modest 1.31% dividend.LHX started trading as an independent ticker in July 2019, after forming through the merger of L3 Technologies and Harris Corp. The move has put the company in a strong position. Starting 2020, the company showed $824 million in available cash, up 240% from the end of 2018. Looking ahead, management guides toward a 5 to 7% revenue growth from last year’s levels, and projects non-GAAP EPS of $11.35 to $11.75 for the current year.Finishing 2019, LHX reported $2.85 in EPS, 3.6% over the estimates, and up 28% year-over-year. Revenue, at $4.83 billion, was a more modest half-percent over the forecast. The strong quarter was supported by 12% gains in the Space and Airborne Systems segment, and 10% gains in Communications Systems.On the Smart Score, LHX earns its 10 with strong showings from the financial bloggers and the news sentiment. In both factors, the stock scores 100%, indicating that financial commentators and journalists are bullish on the company. The simple moving average, a ratio of the 20-day to 200-day averages, is trending positive.LHX’s strength prompted 5-star analyst Josh Sullivan, of Benchmark, to initiate coverage earlier this month with a Buy rating. Sullivan gives the stock a $280 price target, implying a 22% upside potential.Supporting his upbeat outlook on the stock, Sullivan writes, “In the first six months of the LLL/HRS merger, revenues grew 10% y/y, margins increased ~220 basis points, working capital days decreased by 8, and merger integration delivered $65M of net synergies ($15M higher than expected). All of which puts LHX on a path to achieve $180M net savings by 2020, and likely exceed long-term goals of $300M.” (To watch Sullivan’s track record, click here)LHX has built its Strong Buy consensus rating on solid performance which has attracted 11 buys in the last three months. This stock is selling for $225.98, so the $257 average price target implies an upside of 14%. (See L3Harris stock analysis at TipRanks)Comcast Corporation (CMCSA)Comcast is a giant of the cable TV industry, a dominant telecom player with a $210 billion market cap and over $94 billion in annual revenues. The size is based on is solid position in the industry – Comcast is the second largest broadcast and cable company in the world, and the US’ largest internet and cable provider.The company holds a solid 9, indicating outperformance in the coming year, from the Smart Score, with strong positive signals form hedge activity, technical, and fundamentals. Hedge funds have been increasing their purchases of CMCSA in the past quarter, to the tune of 2.05 million shares. Technical factors, such as the 24.59% 12-month momentum, and fundamentals like the 16.92% return on equity, also point to CMCSA as a buying proposition. Adding to the stock’s allure, shares are up 24.5% in the past 12 months.The fourth quarter was strong for CMCSA in earnings and revenues. Both indicators beat the market expectations. EPS came in at 79 cents, compared to a forecast of 76 cents. Revenues were $28.398 billion, about 1% better than expected. Better yet, the company added significantly more high-speed internet customers than had been projected for the quarter.A sharp drop in the NBCUniversal segment pushed the stock down after the quarterly release. That segment saw the flop of the much-hyped ‘Cats’ movie at the box office, along with a tepid unveiling of NBCUniversal’s Peacock streaming service. The online streaming segment is getting crowded, with entrants from Apple, Disney and HBO joining Peacock in challenging Netflix.On a bright note for investors, CMCSA raised its dividend in Q4, from 21 to 23 cents per quarter. This marks the third increase in the past three year for CMCSA’s dividend payment. The new annualized payment, 92 cents, gives a yield of 2%, in line with the market average. The payout ratio is only 29%, indicating that the company can easily sustain the payment based on current corporate income.Looking at Comcast’s prospects going forward, 4-star Benchmark analyst Matthew Harrigan sees reason for optimism. He writes, “2H 2020 NBCUniversal results will benefit from i) Olympic and political advertising at broadcasting, ii) film product that includes Minions: The Rise of Gru and a new Fast and Furious installment, and iii) the new Super Nintendo World attraction opening following 1H20 pre-opening costs at Universal Studios Japan.”Harrigan reiterates his Buy rating, based on the projected strength of 2H20. His $64 price target indicates a strong 38% upside. (To watch Harrigan’s track record, click here.)Benjamin Swinburne, 5-star analyst with Morgan Stanley, sees fundamental strength in Comcast, and cites the company’s core business in recent note: “Comcast cable wrapped up a strong '19, delivering YoY acceleration in broadband net adds with cable FCF up nearly 20% YoY. This momentum should continue in '20 with mobile growth also accelerating.”Swinburne also maintains his Buy rating here, and sets a $53 price target. His target implies room for 14% upside growth. (To watch Swinburne’s track record, click here)With a $45.97 current share price, and a $51.61 average price target, CMCSA has an 11% upside potential. The stock’s Strong Buy analyst consensus is based on no fewer than 16 Buy ratings, against just 3 Holds. (See Comcast stock analysis at TipRanks)Delta Airlines, Inc. (DAL)We’re writing about corporate giants here, and Delta is no exception. This $37 billion company is the world’s second largest airline, operating out of nine hubs, with the chief being in Atlanta, Georgia. Including its subsidiaries and regional feeder airlines, Delta operates of 5,400 daily flights to 325 destinations in 52 countries. The company saw $47 billion in revenue for 2019.Delta offers investors a 17% share return over the past year, underperforming the general markets, but a solid 2.76% dividend yield, higher than the average among its S&P 500 peers. The quarterly payment was last raised in mid-2019, to 40.25 cents per share. The company has a 20-year history of dividend reliability, typical among index stalwarts.In Q4 2019, DAL reported $1.70 EPS, up 31% year-over-year. Revenue was $11.44 billion, for a 6.5% year-over-year gain. A 6% gain in passenger revenues helped power the strong quarter, despite a 4% increase in operating expenses. The company credited overall trends of cheaper fuel and high demand for improving top- and bottom-line trends in the quarter. Delta also benefits by not having any Boeing 737 MAX aircraft in its fleet; the MAX has been grounded since March, for safety reasons.Delta’s perfect 10 Smart Score rests mainly on blogger opinions, news sentiment, and positive hedge activity. The first of these three are strongly positive, 91% for the financial bloggers and 83% from the journalists. Delta has been getting very good press in recent weeks. At the same time, a set of 20 major hedge funds has increased holdings of the stock by 1.69 million shares in Q4. All three of these indicators point toward growing investor confidence in the shares.Reviewing DAL for Berenberg, Adrian Yanoshik writes, “Delta Air Lines gave investors worried about its unit costs and overall industry overcapacity in 2020 some reassurances. We still believe the shares trade at a compelling entry point into a US airline that generates a top-tier ROIC in the mid-teens and robust free cash flow…”Yanoshik gives the stock a $70 price target, suggesting an upside of 20% and supporting his Buy rating. (To watch Yanoshik’s track record, click here)The stock’s Moderate Buy consensus is based on 7 Buys and 4 Holds given in recent weeks. Shares sell for $58.51, and the $70.50 average price target suggests an upside of 20%. (See Delta stock analysis at TipRanks)
Last week's big deal between the two West Coast airlines triggered renewed speculation that it might lead to American acquiring Alaska. American Airlines' President Robert Isom shared his view on that.
New England has a new sports team backed by an Olympics coach, a biotech executive and two longtime Patriots players.
United Airlines (UAL) joins American Airlines (AAL) and Southwest Airlines (LUV) in extending the grounding period of Boeing 737 Max jets.
Follow Gillian Tett for all the latest updates on sustainable finance from the FT and beyond. Initially observers inside (and outside) the company doubted whether Bezos would heed these demands, given that he had never appeared to be a climate warrior before and kept a tight grip on the company and its workers.
Yahoo Finance is maintaining a working list companies that have been affected by the outbreak, and are expected to feel the effects through the first half of the year.
Delta Air Lines CEO Ed Bastian said airline passengers who want to recline their seats should ask the person behind them if it's okay. He said personally he does not recline his seat. Bastian's comments come as the lightning rod debate pitting recliners versus non-recliners on airplanes hit a new fevered pitch this past week […]
While the moderate 2020 Democrats finished behind Bernie Sanders in New Hampshire, presidential hopefuls Amy Klobuchar, Pete Buttigieg and Joe Biden are winning over S&P 500 CEOs, as the execs vote for them with their wallets.
Delta vows to go carbon neutral. What does that mean and how does a company that burns fuel to operate become carbon neutral?
An Atlanta-based aviation services company will lay off 64 workers by Feb. 29 at Orlando International Airport. DAL Global Services LLC, also known as Delta Global Services, is cutting the jobs after losing a contract with an unnamed third party at the airport, according to a Feb. 7 letter to the state. Executives at Delta Global Services — a former subsidiary of Delta Air Lines (NYSE: DAL) — couldn't be reached for comment.
Delta's Chicago employees are getting a significant financial boost from the carrier's record profit-sharing payout.
In a wide-ranging interview on CNBC, Delta Air Lines CEO Ed Bastian laid out air travel etiquette for when it is appropriate to recline your seat after a viral video showed a male passenger punching the back of the chair of a woman who reclined into his space. "The proper thing to do is, if you're going to recline into somebody, you ask if it's OK first," Bastian told the CNBC anchors. The discussion was prompted by a video posted to Twitter by Wendi Williams, a passenger on an American Airlines plane who had a run-in with a fellow passenger that resulted in a confrontation.
Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of Delta Air Lines, Inc.'s ("Delta") Enhanced Equipment Trust Certificates ("EETCs") and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers.
Delta Air Lines Inc said on Friday it will invest $1 billion over the next decade in initiatives that would limit the impact of global air travel on the environment, the first airline to make a commitment of that scale. The aviation industry accounts for roughly 2% of global carbon dioxide emissions and has set out a plan to achieve carbon-neutral growth from 2020, even as air travel is forecast to accelerate. Facing increasing demands from customers, individual airlines like Delta have taken additional steps to mitigate their carbon impact with measures ranging from eliminating single-use plastics to investing in biofuels and purchasing more fuel-efficient aircraft.
Delta understands its business needs to do more than just take care of its customers, workers and shareholders. As of next month, Delta will become the first airliner to achieve a carbon-neutral status and will do so through investing in not only carbon reduction methods but carbon removal technologies. Airliners can't operate without fossil fuels and Bastian acknowledged Delta needs to use jet fuel for "as far as the eye can see." A future without the use of jet fuels is not realistic but that doesn't mean nothing can be done to become more environmentally friendly.