|Bid||63.11 x 3000|
|Ask||0.00 x 800|
|Day's Range||61.27 - 63.11|
|52 Week Range||45.08 - 63.27|
|Beta (3Y Monthly)||1.30|
|PE Ratio (TTM)||9.41|
|Earnings Date||Oct 9, 2019 - Oct 14, 2019|
|Forward Dividend & Yield||1.61 (2.63%)|
|1y Target Est||69.84|
The embattled industrial giant is scheduled to release second-quarter earnings results ahead of the opening bell, and all of the attention will be on the troubled 737 MAX jets and Boeing’s full-year outlook.
The largest airlines in the U.S. and Australia will be allowed to cooperate on schedules and pricing for flights between the two markets -- and to New Zealand.
American Airlines and United Airlines each found something to crow about in the fifth annual Trazees Awards.
Earnings growth to slow down Southwest Airlines (LUV) plans to report its fiscal 2019 second-quarter results on July 25. Analysts estimate that the earnings growth rate could slow down in the quarter.
The U.S. Senate is set to vote on Wednesday to confirm a former airline executive to head the Federal Aviation Administration. The Senate voted 52 to 45 Tuesday to end debate and advance former Delta Air Lines executive Stephen Dickson's nomination. This month, the Senate Commerce Committee voted 14 to 12 along party lines to approve the nomination.
Delta, Potbelly, Intel, Samsung and Advanced Micro highlighted as Zacks Bull and Bear of the Day
The U.S. Senate was set to vote on Tuesday to advance the nomination for head of the Federal Aviation Administration of a former airline executive whose handling of a whistleblower case has come under criticism from Democrats. Safety concerns are an issue at the FAA, which is grappling with a review of Boeing Co's grounded 737 MAX in the wake of two crashes that killed 346 in October and March and broader questions about how it certifies aircraft and whether it delegates too much authority to manufacturers. The Senate will vote on former Delta Air Lines executive Stephen Dickson's nomination.
American Airlines (AAL) will report its fiscal 2019 second-quarter earnings results on July 25. Analysts expect its revenue and earnings to mark significant YoY (year-over-year) improvement despite Boeing’s (BA) grounded 737 MAX jets. Wall Street expects AAL to report EPS of $1.80, a YoY increase of 10.1%. Wall Street's earnings growth predictions suggest a sharp […]
If last quarter's numbers from Delta Air Lines (NYSE:DAL) and United Airlines Holdings (NASDAQ:UAL) are an early indication, then then Thursday's Q2 report from Southwest Airlines (NYSE:LUV) should prove bullish for an otherwise lethargic LUV stock. Shares of the rival carrier have underperformed DAL and UAL stock in a big way since early last year.Source: Shutterstock On the other hand, even with the decidedly disparate performance, the current LUV stock price near $53 leaves shares oddly overvalued compared to most of its peers.The upcoming event may well put Southwest stock on course for a higher altitude, but the airline will have to bring a big-time 'wow' factor to the table to shake the stock out of its funk.InvestorPlace - Stock Market News, Stock Advice & Trading Tips Southwest Earnings OutlookDelta's second-quarter top and bottom lines were both better than expected. Ditto for United Airlines. Indeed, most of the airlines that have posted second-quarter numbers have managed to impress investors. * 7 Stocks to Buy This Summer Earnings Season The backdrop serves as a double-edged sword for Southwest, which is slated to share its Q2 results on Thursday morning, July 25.The industry's wave of success suggests Southwest also top expectations, but should it fall short, the shortfall will look relatively worse considering other airlines didn't bump into a headwind.To that end, the bar is set more or less on par with how those other airlines fared. Analysts are calling for earnings of $1.34 per share for the quarter ending in June, versus the $1.26 per share of LUV stock reported in the same quarter a year earlier. Analysts are looking for a top line of $5.93 billion, on average, up 3.3% from the year-earlier figure of $5.74 billion.Beyond the raw numbers, investors may largely end up making buy/sell decisions based on a trio of more obscure criteria. Things to Watch in LUV Stock's Earnings1.Impact of Boeing 737 DebacleThe 737 MAX from commercial jet maker Boeing (NYSE:BA) has been grounded in the United States, and in other select areas all over the world. It's arguably been the biggest disruption any airline has been forced to tangle with this year.Southwest has adapted, though not elegantly. The company has stopped hiring and promoting pilots, and has also been forced to cancel flights that can't be cost-effectively handled by other aircraft. With the 34 of the 737 MAX 8 jets in its fleet now grounded until early November, Southwest -- the biggest single user of the jet -- must continue to handle the logistical nightmare.2.PRASMPRASM, short for passenger revenue per available seat mile, will paint a more accurate picture of Southwest's quarter without penalizing it for its dependency on the 737 MAX 8.A quarter earlier, Southwest's PRASM grew 2% to 12.52 cents, while total revenue per available seat mile improved 2.7% to $13.59 cents. During the second quarter of this year, United Airline's PRASM grew 2.5%. Delta's figure improved along those same lines.3.Operating expensesAt the other end of the spectrum, LUV stock holders will want to measure the airline's costs incurred in ferrying the passengers sitting in its planes' seats.That's best measured with a metric called CASM, or cost per available seat-mile. Southwest's CASM during the first quarter of the year was up 5.1%, and as such wasn't fully offset by rising per-unit revenue.This is a front where Southwest is particularly vulnerable. Though now proven problematic, the 737 MAX was a very fuel efficient airplane. Southwest was counting on relatively lower fuel costs in 2019 and beyond, but the grounding of its 737 MAX jets wipes away that cost advantage.To that end, Delta -- which didn't fly the 737 MAX plane that's grounded in many major markets -- reported an unadjusted GAAP decline of 1.5% in CASM, though on an adjusted basis, Delta's second quarter CASM was still up 1.4%. United's CASM for Q2 was practically flat. Looking Ahead for LUV StockFor the record, Delta raised its full-year profit outlook when it reported its second quarter numbers earlier in July. United Airlines upped the lower end of its 2019 profit forecast, from a range of between $10.00 and $12.00 to a range of between $10.50 and $12.00. It's likely Southwest will share a similarly-improved outlook, even if it doesn't offer specifics.Even so though, the airline's results are leaving investors struggling to rectify the stock's valuation with a chart that's seemingly testing the waters of a recovery effort. Click to EnlargeLUV stock has been trending lower, albeit erratically, since peaking in early 2018. The weakness has been problematic despite continued top line growth and at least a steady, reliable bottom line that's only been subject to sweeping changes in oil prices.The net-bearish outcome, therefore, is largely attributed to an above-industry-average trailing P/E of 12.5. Analysts, however, are modeling a massive improvement in next year's profits that other airlines aren't apt to keep pace with. Click to EnlargeThis shift may be a key reason the late-May/early-June low from Southwest stock was the first major higher low shares have logged since 2016.The turnaround effort is still wobbly to be sure. LUV stock has only just crossed back above its 200-day moving average line, but even then it's far from securely in a new uptrend. * 10 Stocks to Buy From This Superstar Fund If the company can convince investors that it's truly positioned to do something it's struggled to do over the course of the past year, though, LUV stock may actually offer more potential upside than most other major airline stocks do at their current prices.As of this writing, James Brumley did not hold a position in any of the aforementioned securities. You can learn more about James at his site, jamesbrumley.com, or follow him on Twitter, at @jbrumley. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Stocks to Buy From This Superstar Fund * 7 Stocks to Buy This Summer Earnings Season * 7 Marijuana Penny Stocks to Consider for Those Who Can Handle Risk The post 3 Things to Watch When Southwest Reports Earnings appeared first on InvestorPlace.
Sr. EVP & COO of Delta Air Lines Inc (30-Year Financial, Insider Trades) W Gilbert West (insider trades) sold 10,342 shares of DAL on 07/19/2019 at an average price of $62.64 a share. Continue reading...
The world's third-largest carrier has made an impressive comeback with some unconventional strategic choices over the past couple of years.
CHANDLER, Ariz., July 22, 2019 /PRNewswire/ -- Zovio (ZVO), an education technology services company that partners with higher education institutions and employers to deliver educational programing and benefits, has teamed up with Delta Air Lines to broaden their tuition assistance benefit program. "We are excited to partner with Delta Airlines and to offer Ashford's academic programs to their employees and their immediate family members," said Michael Rolnick, Senior Vice President of Employer Services at Zovio.
Aviation Attorney, Mark Dombroff, sat down with Yahoo Finance’s On the Move to discuss his concerns and how he sees a facial recognition system being a part of airport screening within the next five years.
Budget airlines in the U.S. and Europe are cutting thousands of flights because of the Max grounding, and they're grappling with pilot overstaffing.
(Bloomberg) -- U.S. government officials in 2014 revealed an alarming safety issue: Passenger mobile phones and other types of radio signals could pose a crash threat to some models of Boeing 737 and 777 airplanes.More than 1,300 jets registered in the U.S. were equipped with cockpit screens vulnerable to interference from Wi-Fi, mobile phones and even outside frequencies such as weather radar, according to the Federal Aviation Administration, which gave airlines until November 2019 to replace the units made by Honeywell International Inc. Honeywell estimates that 70 or fewer planes with cockpit screens in need of repair are still flying.Flight-critical data including airspeed, altitude and navigation could disappear and “result in loss of airplane control at an altitude insufficient for recovery,” the FAA said in its 2014 safety bulletin, known as an airworthiness directive.A Honeywell spokeswoman said there have been no reports of display units blanking in-flight due to high-intensity radio frequency/Wi-Fi interference. Airlines and Honeywell have argued that radio signals were unlikely to cause safety problems during flight. The FAA, however, concluded there were safety risks based on assessments it had received from a vendor and an operator.Boeing Co. found the interference in a laboratory test in 2012 and hasn’t seen similar issues on other aircraft, a company spokesman said. Honeywell is aware of only one case where all six display units in a 737 cockpit went blank, company spokeswoman Nina Krauss said. The cause was a software problem, unrelated to Wi-Fi or cellphones, that has been fixed and is currently being flight-tested, she said.The affected 737s are the so-called Next Generation model, a predecessor of the Boeing Max, which was involved in two crashes in less than five months. Cockpit displays on the Max were made by Rockwell Collins, now a unit of United Technologies Corp., not Honeywell. Boeing’s 777s also were covered by the FAA order.The FAA order didn’t quantify the amount of radio signals needed to cause interference problems. An agency spokesman said Thursday that the FAA bases the compliance time for its airworthiness directives on the risk that a condition poses. “A 60-month compliance time frame means the risk is low, and does not need to be addressed right away,” he said.Still, the radio-signal threat extends beyond that specific display system and FAA warning.Numerous mobile phones left on during any airplane flight “could be a real problem,” said professor Tim Wilson, department chair for electrical, computer, software and systems engineering at Embry-Riddle Aeronautical University. The greater the number of phones emitting radio signals, he said, the greater the potential for interference with a plane’s flight system.Airplane ModeMany airlines now permit passengers to turn their phones to “airplane mode,” which allows Wi-Fi transmissions. But mobile phones operate at higher power levels, Wilson said, since the signals must reach a cell tower and not just a local antenna or router. “So cellular service is potentially more impactful,” he added.The FAA in 2013 began the process of allowing wider use of electronic devices on planes, provided airlines could demonstrate it was safe. That prompted an outcry from consumer groups concerned about passengers being subjected to the mobile phone conversations of seatmates.No U.S. airlines allowed it and, in 2018, Congress barred the use of mobile phones for calls during flights.Honeywell says that 70 or fewer planes with affected display screens require repair. That may leave a lot of screens unaccounted for.A plane generally has six display screens. Back in 2014 Honeywell told the FAA that 10,100 display units -- or the equivalent of nearly 1,700 planes -- were affected worldwide. When asked this week about the progress of the fixes, Honeywell’s Krauss said that 8,000 of those screens were replaced and fewer than 400 components, or the equivalent of about 70 planes, still need to be fixed. That still leaves 1,700 units, or the equivalent of about 280 planes, unaccounted for out of the 2014 figure.Honeywell says its calculation of 70 or fewer assumes that some airlines might have had the work performed at non-Honeywell facilities, and regulators in other regions of the world might not have ordered the units replaced. In addition, some planes might have been taken out of service due to age. The actual number of planes operating with faulty components couldn’t be determined by Bloomberg.Krauss said that “even if a blanking incident were to occur,” the units are backed up by multiple redundancies.Both Delta Air Lines Inc. and Southwest Airlines Co. have completed their overhauls, according to the companies. American Airlines Group Inc. has 14 more jets that need refurbished units, and United Airlines still needs to replace components across 17 aircraft, representatives from those companies said.Ryanair Holdings Plc, the large Irish-based discount carrier, told the FAA in 2014 that its planes held 707 of the affected Honeywell units and argued at the time that changing out all of them “is imposing a high, and unnecessary, financial burden on operators.” A Ryanair spokeswoman said the airline hasn’t upgraded all 707 screens but that the carrier inspected all of its display units and “any affected DUs have been replaced.”(Corrects story first published on July 18 to clarify in the second and 13th-15th paragraphs the estimated number of planes still flying with affected display screens; rephrase Honeywell’s comment and clarify the FAA’s conclusions in the fourth paragraph; and provide more details on the cause of a blanking incident in the fifth paragraph. A previous version of the story corrected the headline to say ‘Could’ rather than ‘Are’.)\--With assistance from Thomas Black, Justin Bachman, Christopher Jasper and Jonathan Morgan.To contact the reporter on this story: Anita Sharpe in Atlanta at firstname.lastname@example.orgTo contact the editors responsible for this story: Flynn McRoberts at email@example.com, Elizabeth WassermanFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
At some point the confident and positive game bulls have been playing will end. The good news is the party may just be beginning for well-positioned bears in large-cap stocks Netflix (NASDAQ:NFLX), Home Depot (NYSE:HD) and Delta Air Lines (NYSE:DAL) offering classic topping patterns that are ready for a more troubled and profitable tomorrow. Let me explain.After hitting record highs out-the-gate in Monday's session, it's been a tough week for the broader averages. And maybe rightfully so. The S&P 500, the market's broadest barometer for large-cap stocks is up roughly 20% in 2019 alone. That's nothing to sneeze at. And let's face it, optimism regarding earnings, an endgame to the trade war and future interest rate cuts can only go so far.The fact of the matter is large-cap stocks are facing historically stretched price multiples following a remarkable bull-run of more than 325% over the last decade. But just because the market's rally may be in its final innings doesn't mean wagering profitably in the stock market isn't possible.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 10 Tech Stocks That Are Still Worth Your Time (And Money) Let's now take a look at the price charts of NFLX stock, HD stock and DAL stock and appreciate how a more bearish trend can be an equally friendly and profitable environment for investors taking advantage of today's topping patterns into tomorrow and beyond. Netflix (NFLX) Click to EnlargeNFLX is the first of our large-cap stocks for shorting. As any investor with even a passing interest in the market knows, Netflix's latest quarterly report which featured surprisingly weak subscription data, didn't sit too well with Wall Street. But the worst may be yet to come.While the S&P 500 has enjoyed its astonishing run, NFLX stock is up a staggering 6,300% since the financial crisis in 2009. But rather than just being dismissive of this amazing rally and betting blindly on the notion all trends do eventually end, this large-cap stock is giving bearish investors a technical-based heads up.Netflix's weekly chart shows shares have just confirmed a lower high after Thursday's post-earnings sell-off. The price action was severe enough to also break below key support put together during 2019. It's looking bad to say the least.With this large-cap stock's bearishly-positioned stochastics and Bollinger Bands just opening up from a pinched position, it's time to short NFLX stock. My recommendation is to place a 6% blended technical and dollar-based stop-loss and look to take initial profits around $250 as shares challenge the December lows. Home Depot (HD) Click to EnlargeHome Depot is the next of our large-cap stocks for bearish investors. Home Depot hasn't delivered returns like Netflix over the past decade, but gains of more than 1,330% aren't in need of fixing either.The money shot for bears looking to position HD stock is a widening or inverted triangle topping pattern. We're looking at the monthly price chart of Home Depot as our guide for shorting shares.Honestly, this formation isn't likely to result in a complete deconstruction of the prior trend. Still, with Home Depot shares facing angular resistance and a bearish stochastics setup warning of lower prices, a reversal towards $140 - $150 and test of pattern support and the 38% retracement level looks compelling. * 7 Stocks Top Investors Are Buying Now For this large-cap stock I'd suggest a bit of price confirmation and short HD shares below $208 with a stop-loss above the pattern. That works out to risk of less than 6% compared to profits of around 30% if our forecast proves accurate. Delta (DAL) Click to EnlargeShares of Delta are the last of our three large-cap stocks to short. DAL stock has also been flying high over the past ten years with returns reaching over 1,100%. Over the past couple years those gains have been the result of a bullish-looking channel. I've provided a weekly chart to target a proper short in DAL.With Delta stock in a testing position of pattern resistance and stochastics in overbought territory, the likelihood of a pullback is high. Admittedly, my technical forecast for the airline isn't nearly as gloomy as it is for NFLX or HD, and I suspect Delta's bullish trend will eventually continue. Right here, right now though, DAL stock is on the radar for shorting.My recommendation for shorting this large-cap stock is to wait for a candlestick topping candle to be confirmed. This could happen sometime in the next five days if shares of DAL pass through the low of the current shooting star doji pattern taking shape on the weekly chart.Once positioned I'd suggest a 4% stop-loss. This exits the short slightly above the high of the signal candle. If we're right though and DAL stock is grounded and shares move into the area from $48 - $53, I'd definitely take profits and possibly even consider going long this large-cap stock as a safe, but profitable landing looks likely.Disclosure: Investment accounts under Christopher Tyler's management do not currently own positions in securities mentioned in this article. The information offered is based upon Christopher Tyler's observations and strictly intended for educational purposes only; the use of which is the responsibility of the individual. For additional market insights and related musings, follow Chris on Twitter @Options_CAT and StockTwits. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Tech Stocks That Are Still Worth Your Time (And Money) * 7 Marijuana Stocks With Critical Levels to Watch * 7 of the Best Smart-Beta ETFs to Target Right Now The post 3 Large-Cap Stocks to Short appeared first on InvestorPlace.
Zacks Value Trader Highlights: Sinopec, Health Insurance Innovations, Navient, Ford and Delta
Shares of American Airlines (NASDAQ:AAL) have been a big laggard in 2019. Most major stock indices are up strongly since the beginning of the year and trading near all-time highs. AAL stock, however, has basically treaded water and consolidated most of the year. Cheap comparative valuations, solid fundamentals and improving technicals make American Airlines attractive at current levels. Time to book a flight on AAL stock as it readies for lift off.Source: Shutterstock American Airlines will report earnings before the market opens on July 25. Expectations are for $1.77 in EPS on $11.96 billion in revenue. AAL earnings have beaten expectations each of the past four quarters and I look for another beat this quarter as well. The company last week said TRASM (Total RevenueAvailable Seat Mile) for the second quarter would come in at 3-4% growth, higher than the previously expected 1-2% growth. This should bleed through to better earnings for AAL. Click to EnlargeInvestorPlace - Stock Market News, Stock Advice & Trading TipsAAL stock is certainly not expensive on a valuation basis. The TTM P/E is below 8 and near the cheapest levels of the year. This is a major discount fellow competitor United Airlines (NYSE:UAL) which has an EPS approaching 10. A slight multiple expansion for AAL stock to even 9 would provide a significant boost to the shares.American Airlines stock is looking attractive from a technical perspective. Shares are poised for an upside breakout after holding support at the $30 area. AAL stock is back above the all-important 200 day moving average at $33.53. Both momentum and MACD remain positive. After a series of lower highs, American Airlines stock is on the cusp of making a new relative high. Click to EnlargeAmerican Airlines been a huge underperformer to rival Delta Airlines (NYSE:DAL) as seen in the chart. AAL stock is up just 5% year-to-date compared to a hefty 25% gain for DAL stock in the same time period. Expect that divergence to start to converge with American being a relative outperformer to Delta over the coming weeks. * 10 Tech Stocks That Are Still Worth Your Time (And Money) It is getting more and more difficult to find value stocks in the current stock market environment. Investors should consider adding AAL stock to their portfolio on any weakness. An initial price target would be the 2019 highs near the $37 area. The current dividend yield of 1.19% provides an additional income stream as well.As of this writing, Tim Biggam did not hold a position in any of the aforementioned securities. Anyone interested in finding out more about option-based strategies or for a free trial of the Delta Desk Research Report can email Tim at firstname.lastname@example.org. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Tech Stocks That Are Still Worth Your Time (And Money) * 7 Marijuana Stocks With Critical Levels to Watch * 7 of the Best Smart-Beta ETFs to Target Right Now The post AAL Stock Looks Ready To Take Off After Earnings appeared first on InvestorPlace.
There was a time when the transports were the hot sector to watch on Wall Street. They served as a great barometer to the whole market. But they have long lost their leadership role except for sporadic stints. Airliner Southwest Airlines (NYSE:LUV) stock tracks the iShares Transportation Average ETF (BATS:IYT) very tightly. And it now sits in the middle of the six-month range.Source: Shutterstock This is important to note because LUV is going to deliver earnings next week. This week United Airlines (NASDAQ:UAL) stock rallied off its earnings report, so there is definitely an opportunity for LUV stock price to do the same next week.But I am most interested in the support below, and this will become clear at the end.InvestorPlace - Stock Market News, Stock Advice & Trading TipsThe short-term reactions to earnings are always binary, so this adds a bit of gambling flair to the trade. Even if management gives us the results ahead of time, we cannot guess how investors will react to them. Handling UAL Stock Into EarningsIt's all about managing expectations and we all know how things can go bad like what happened to Netflix (NASDAQ:NFLX) yesterday. The estimates create uncertainty, because if management misses them, investors sell the news even if the results are actually good in absolute terms. * 10 Tech Stocks That Are Still Worth Your Time (And Money) But it is important to note that this binary effect is temporary. The fundamentals and the technicals will retake the reins of the Southwest stock price once the event headlines abate.Last year, the transports fell 25% into Christmas but has recovered well since then. Like LUV, the IYT also now sits in the middle of the six month range.So what does this mean for LUV stock price at these levels? The bulls are in control and will continue to buy the dips. After all we now know that the Fed cast its safety net back out.So, if I'm long the stock already, then I have no reason to leave it because the fundamentals that got me into LUV have not changed. Airlines have developed a new way of doing business in the U.S. that has almost erased the old stigma of shoddy operations.I am flying today and I can assure you that I paid for many extra fees that didn't exist just a couple years ago. Critics point out that they lack overall pricing power but they are making up for it with additional fees from every angle.This is all to say that the Southwest team is executing on plans well enough to warrant the current valuation.Technically speaking, LUV stock has been setting higher lows while knocking at the $54 per share neckline. It has also bounced off of $48-per-share support zone four times, with the exception of a deeper dip into the Christmas market-wide debacle.So the bulls have the benefit of solid support below while attacking a resistance level. Often times the bears get tired of defending the resistance and the bulls overshoot higher. In this case, the outside target would be $58 per share with resistance at $56.Some investors prefer to hold stocks for the very long term. And for those, the $58 resistance won't matter. For the faster traders, $58 is a target area to exit the trade, or at least book some profit.However, if the bulls are able to break through that resistance then it becomes the next upside opportunity to extend the rally and set new all-time highs. There would obviously be resistance at $64 in that scenario. The Bottom Line on Southwest StockWhile owning shares of LUV is a legitimate trade opportunity, I prefer to use options in my trading. So in this case, since we noted that that there is solid support below, I prefer selling downside puts into what others fear. This way I can create income without any money out of pocket.For example, I can sell the Dec $45 put and collect $1 for it. All I need to profit is for the LUV stock price to stay above that level. Otherwise I own the shares at $45 and break even at $44 per share.Compare this with owning shares now and risking my money with no margin for error. By selling the puts I create a 13% moat around my risk. And I don't even need a rally to win.Nicolas Chahine is the managing director of SellSpreads.com. As of this writing, he did not hold a position in any of the aforementioned securities. Join his live chat room free here. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Tech Stocks That Are Still Worth Your Time (And Money) * 7 Marijuana Stocks With Critical Levels to Watch * 7 of the Best Smart-Beta ETFs to Target Right Now The post Free Profit Opportunity in Southwest Stock appeared first on InvestorPlace.