50.57 -0.43 (-0.84%)
After hours: 7:06PM EDT
|Bid||50.50 x 1000|
|Ask||51.16 x 1300|
|Day's Range||50.96 - 51.61|
|52 Week Range||44.28 - 64.02|
|Beta (3Y Monthly)||1.81|
|PE Ratio (TTM)||12.09|
|Earnings Date||Jul 25, 2019|
|Forward Dividend & Yield||0.72 (1.41%)|
|1y Target Est||59.24|
Southwest, Dish, CBS, PG&E and Tesla are the companies to watch.
The Federal Aviation Administration has reassigned three managers in its office overseeing Southwest Airlines Co, a person briefed on the matter said on Tuesday. The FAA said in a statement that it takes "allegations regarding safety oversight and retaliation seriously .... To uphold these principles, we take appropriate action as necessary. The Wall Street Journal, which reported the FAA reassignments earlier on Tuesday, said they were "also prompted by allegations that managers retaliated against whistleblowers," citing sources familiar with the matter.
Boeing made a big splash in Paris at the air show with an order for 200 737 MAX jets from British Airways parent International Consolidated Airlines. The aerospace industry appears to be standing behind the still-grounded jet.
It's that time of the year again, when airfares rise, gasoline gets more expensive and Americans descend on travel hotspots for their summer vacations. Whether you're a beachcomber or a theme park junkie, blue skies and warm air call to us all. But the weird thing is, the stocks of many travel-related companies aren't playing along.This comes as a shock given the ebullient attitude on Wall Street these days, as the Federal Reserve does all it can to head off a trade-related economic slump with the promise of more cheap money stimulus. With stocks pushing towards new record highs, many travel stocks simply aren't playing along. * 7 Top S&P 500 Stocks of 2019 (So Far) Here are four names that are coming under pressure and should be sold or trimmed:InvestorPlace - Stock Market News, Stock Advice & Trading Tips Travel Stocks to Sell: Carnival (CCL)Shares of Carnival Cruise Line (NYSE:CCL) dropped like a stone last week to test their late-December lows. They are still mired below their 50-day and 200-day moving averages. This continues a downtrend that has been in play since early 2018, when shares topped near the $69-a-share level. This followed the issuance of downside guidance from management driven by "ongoing geopolitical and macroeconomic headwinds."The company will next report results on Sept. 19 before the bell. When it last reported results on June 20, earnings of 66 cents per share beat estimates by five cents on an 11% rise in revenues. Analysts at Barclays recently downgraded the stock and lowered their price target. Norwegian Cruise Line Holdings (NCLH)Shares of Norwegian Cruise Line Holdings (NYSE:NCLH) fell back below their 200-day moving average Friday. That completed a six-month topping pattern and risks a return to its late-December low. Such a move would be worth a loss of more than 20% from here. * The 7 Best Dow Jones Stocks to Buy for the Rest of 2019 The company will next report results on Aug. 8 before the bell. Analysts are looking for earnings of $1.31 per share on revenues of $1.6 billion. When the company last reported on May 9, earnings of 83 cents per share beat estimates by 12 cents on an 8.5% rise in revenues. Royal Caribbean Cruises (RCL)Shares of Royal Caribbean Cruises (NYSE:RCL) are falling in sympathy with the guidance downgrade issued by Carnival, with a particular focus on the U.S. government's travel policy change regarding Cuba. Analysts at Stifel are reportedly defending the stock on this issue, but a break below the 200-day moving average looks likely now.The company will next report results on Aug. 1 before the bell. Analysts are looking for earnings of $2.46 per share on revenues of $2.8 billion. When the company last reported on May 1, earnings of $1.31 per share beat estimates by 20 cents on a 20.3% rise in revenues. Southwest Airlines (LUV)Shares of Southwest Airlines (NYSE:LUV) are once again moving below their 50-day moving average, setting up another retest of the lows set in late March and again in late May. Shares are already down more than 22% from the highs set in late 2017 and look vulnerable to a move back to the December low near $44. Shares have been under pressure as a result of the grounding of Boeing's (NYSE:BA) 737 MAX aircraft. * 6 Stocks Ready to Bounce on a Trade Deal The company will next report results on July 25 before the bell. Analysts are looking for earnings of $1.35 per share on revenues of nearly $6 billion. When the company last reported on April 25, earnings of 70 cents per share beat estimates by eight cents on a 4.1% rise in revenues.As of this writing, William Roth did not have a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Telecom Stocks to Set on Speed Dial * 6 Stocks to Sell in the Back Half of 2019 * 7 Top S&P 500 Stocks of 2019 (So Far) Compare Brokers The post 4 Travel Stocks Under Pressure appeared first on InvestorPlace.
Value stocks are supposed to be inexpensive to other factor-based strategies, including growth, but that chasm is becoming historically wide and there are good reasons for that scenario."Multiple expansion, i.e., paying more for a dollar of earnings, has played a part as well," said BlackRock in a recent note. "Since the 2011 market bottom, the trailing price-to-earnings (P/E) ratio for the Russell 1000 Growth Index is up roughly 65%. In contrast, the value index's P/E ratio has expanded by a more modest 40%."Making value investors' tasks even more difficult is the massive performance gulf between the growth and value factors, one that has been long-running by historical standards.InvestorPlace - Stock Market News, Stock Advice & Trading Tips"Growth's recent out-performance conforms to the post-crisis norm," said BlackRock in a recent note. "Focusing on price returns, since 2010 growth has outperformed value by an average of approximately 350 bps a year. The outperformance has not only been meaningful, it has been consistent. During the past five years value has only outperformed meaningfully on one occasion, 2016."That trend is continuing this year. Through June 13, the S&P Growth Index is up 18.2% year-to-date compared to 14.3% for the S&P 500 Value Index. Other data points confirm value is getting really, really cheap."JPMorgan tracks value through a basket of 100 stocks picked for their low price-to-book value, price-to-earnings ratio, and price-to-sales ratio, among other indicators," reports CNBC. "This collection of stocks is trading at their cheapest valuations ever and at their largest discount to the market in decades." * 10 Monthly Dividend Stocks to Buy to Pay the Bills So yes, for patient investors, some of the best exchange-traded funds to consider may just be value funds. With that in mind, these are some of the best ETFs to consider when looking for exposure to the value factor. JPMorgan U.S. Value Factor ETF (JVAL)Expense Ratio: 0.12%, or $12 annually per $10,000 investedThe JPMorgan U.S. Value Factor ETF (NYSEARCA:JVAL) turns two years old in November and targets the JP Morgan US Value Factor Index. The index "is comprised of US securities selected from the Russell 1000 Index and uses a rules-based risk allocation and factor selection process developed in conjunction with J.P. Morgan Asset Management," according to FTSE Russell.JVAL is one of the best ETFs for investors looking for a cost-effective, traditional approach to value stocks. The fund holds 278 stocks, which is in the middle of roster size among the best ETFs in the value space. When speaking of traditional value exposure, that often includes large weights to the financial services and energy sectors. JVAL does allocate 18.7% of its weight to the financial services sector, which could be of benefit to income investors as bank stocks continue to bolstering dividends."Most of the largest U.S. banks subject to the annual Comprehensive Capital Analysis and Review should notch double-digit dividend increases over the next 12 months, according to Keefe, Bruyette & Woods," reports Barron's.Another aspect that makes JVAL one of the best ETFs for investors looking for a value surprise is its 21.2% exposure to technology stocks. Deep Value ETF (DVP)Expense Ratio: 0.59%An oft-overlooked value fund, the Deep Value ETF (NYSEARCA:DPV) is not a small fund as it has nearly $254 million in assets under management and it is one of the best ETFs for investors seeking mid-cap value exposure. DVP is nearly five years old and is a highly concentrated fund that tracks the TWM Deep Value Index."The Index is comprised of 20 undervalued dividend paying stocks within the SP 500 Index with solid balance sheets, earnings and strong free cash flow," according to the issuer. "The companies within the Index are weighted based on a rules-based assessment of their valuations so that stocks that are most attractively valued receive a higher weight." * 7 Stocks Flashing Signs of Strong Insider Buying DVP is also one of the best ETFs looking for a unique approach to value. The fund allocates nearly 60% of its combined weight to consumer cyclical and technology stocks, giving it the feel of a growth ETF, not a value fund. Over the past three years, DVP has outperformed the MSCI USA Large Cap Value Index though the value fund is scuffling this year. Acquirers Fund (ZIG)Expense Ratio: 0.94%The Acquirers Fund (NYSEARCA:ZIG) is one of the newest value funds and a pricey one at that because it is an actively managed long/short strategy. Still, ZIG could prove to be one of the best ETFs in the value arena because of the strict approach its managers take to value investing."ZIG is a 130/30 long/short deep-value strategy that is designed to track, before fees and expenses, the performance of The Acquirer's Index," according to Acquirers Funds. "For both long and short positions, a stock must be listed in the U.S. and have a market cap in the largest 25 percent of all companies by market cap. From that universe of equities, ZIG's rules-based index will hold the 30 most deeply undervalued, fundamentally strong stocks in the 'long' portion of its portfolio, while its short portfolio will consist of the 30 stocks deemed to be most overvalued, and fundamentally weak."ZIG's top 10 holdings include HP Inc(NYSE:HPQ), Allstate (NYSE:ALL), Southwest Airlines (NYSE:LUV) and Principal Financial (NYSE:PFG).For investors looking to go above and beyond the traditional value strategy while exploiting some financially dubious companies, ZIG could be one of the best ETFs to consider.As of this writing, Todd Shriber did not hold a position in any of the aforementioned securities. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * The 7 Best Dow Jones Stocks to Buy for the Rest of 2019 * 5 Boring Stocks to Buy This Summer * 7 S&P 500 Stocks to Buy With Little Debt and Lots of Profits Compare Brokers The post 3 of the Best ETFs for Investors Betting on a Value Rebound appeared first on InvestorPlace.
Southwest (LUV) raises RASM outlook on solid demand for air travel. However, the 737 MAX 8 groundings weigh on the company's non-fuel unit costs.
Today, Chase and Southwest Airlines introduce the Southwest Rapid Rewards® Performance Business Card, a new credit card for business owners with an enhanced day-of-travel experience and accelerated earning in key business spending categories. The Southwest Rapid Rewards Performance Business Card has a new Cardmember offer of 80,000 points after qualifying spend. “Through research, we heard directly from business owners that they’re looking for simple and attainable perks out of their business credit cards, as well as more rewards for the business they do,” said Leslie Gillin, Chase Co-Branded Cards President.
Southwest Airlines (LUV) is facing massive flight cancellations due to the worldwide grounding of Boeing’s (BA) 737 MAX planes. Boeing 737 MAX series jets were grounded after two of the jets crashed within five months, killing 346 people.
Southwest Airlines (LUV) raised its second-quarter unit revenue guidance on June 19. The company now anticipates revenue per available seat mile to increase between 6.5% and 7.5% YoY in the second quarter instead of its earlier guidance range of 5.5% to 7.5%. The strong unit revenue outlook reflects robust demand and a healthy passenger yield in the quarter.
Southwest Airlines said demand from the flying public is strong. The timeline, however, for getting Boeing’s 737 MAX back in the air remains uncertain.
Southwest Airlines shares fell even after the company raised unit revenue guidance. Its grounded Boeing 737 Max fleet is hitting capacity and seeing rising costs.
Jon Weaks, who heads Southwest' powerful pilots union doesn't like a lot about how Boeing has handled the far-from-over MAX mess.
Southwest Airlines Co expects higher unit revenues, and costs, in the second quarter than previously forecast due to the ongoing grounding of Boeing's 737 MAX aircraft, which has led to more than a hundred flight cancellations per day. The global MAX grounding, which followed two deadly crashes in Indonesia and Ethiopia, has meant that airlines have fewer seats to sell, even though costs remain. Southwest last week joined larger rival American Airlines in extending its removal of the MAX planes from its schedules until the start of September.
Southwest Airlines, Dish, CBS, PG&E and Tesla are the companies to watch.
CHICAGO (Reuters) - Southwest Airlines Pilots Association (SWAPA) plans to seek compensation from Boeing Co for "every dollar" of money spent cooperating with the U.S. Justice Department's criminal probe into two 737 MAX crashes, its president said in a letter to pilots. In the letter, Captain Jon Weaks said expenses related to the subpoena of its records and information regarding the MAX, as well as the loss of flying to its members "is very expensive." (Reporting by Tracy Rucinski; editing by Jonathan Oatis
shares edged higher Wednesday after the carrier boosted the lower end of its second-quarter profit forecast but noted that all 34 of its Boeing 737 MAX jets will remain grounded until at least September. 737 MAX jet, which Southwest said it doesn't expected to return to scheduled flights until at least September. "The Company's second quarter 2019 capacity guidance reflects the impact of the grounding of all 34 737 MAX 8 aircraft in its fleet through August 5, 2019, as previously disclosed, resulting from a Federal Aviation Administration emergency order issued on March 13, 2019 for all U.S. airlines to ground all Boeing 737 MAX aircraft," Southwest said in a filing with the SEC.
Southwest Airlines Co (NYSE: LUV ) cut second-quarter available seat miles per gallon guidance from down 1% to flat, to down 1-2% due to the grounding of its Boeing 737 MAX. The airline highlights the ...
Southwest has 34 of Boeing’s controversial jets, which have been grounded due to safety concerns after two fatal crashes. Southwest said it expects second-quarter capacity to fall 3.5%, compared with previous guidance of a year-over-year drop of 2% to 3%.
Southwest Airlines Co trimmed its forecasts for second quarter capacity and fuel efficiency on Wednesday to reflect the impact of the grounding of all 737 MAX 8 aircraft in its fleet. The airline said https://www.sec.gov/Archives/edgar/data/92380/000009238019000073/coverpage06-19x19.htm in a regulatory filing it now expects second quarter fuel efficiency to decrease in the 1% to 2% range, compared with its previous forecast of flat to down 1%, reflecting the impact of the grounding of its Boeing 737 MAX 8 aircraft through Aug. 5. Southwest last week joined larger rival American Airlines in extending its removal of Boeing's currently grounded MAX planes from its schedules until the start of September.
Shares of Southwest Airlines Co. were little changed in premarket trading Wednesday, after the air carrier raised its second-quarter unit revenue guidance while extending the length of time it expects its 737 Max 8 aircraft will be grounded. The company also cuts its capacity guidance to reflect a lower-than-expected completion factor and the grounding of all 34 of its 737 Max 8 aircraft made by Boeing Co. through Aug. 5. "As the timeline remains uncertain for the MAX aircraft to return to service, the Company is revising its flight schedule to remove all MAX flights through September 2, 2019," the company said in a statement. Southwest now expects revenue per available seat mile (RASM) to rise 6.5% to 7.5% from a year ago, compared with previous guidance of 5.5% to 7.5%. Available seat miles (ASMs) is expected to decline 3.5%, compared with the previous outlook of a 2%-to-3% decline. Meanwhile, the company raised its growth outlook for costs per available seat mile (CASM) to 11.5% to 12.5% from 10.5% to 12.5% and lowered its guidance range for ASMs per gallon, or fuel efficiency, to a decrease of 1% to 2% from flat to down 1%. The stock has gained 11.2% year to date, while the NYSE Arca Airline Index has climbed 13.5% and the S&P 500 has advanced 16.4%.