77.70 +0.07 (0.09%)
After hours: 7:00PM EST
|Bid||77.26 x 900|
|Ask||77.80 x 800|
|Day's Range||76.56 - 78.46|
|52 Week Range||76.56 - 96.03|
|Beta (5Y Monthly)||1.12|
|PE Ratio (TTM)||6.70|
|Earnings Date||Apr 13, 2020 - Apr 19, 2020|
|Forward Dividend & Yield||N/A (N/A)|
|Ex-Dividend Date||Jan 06, 2008|
|1y Target Est||110.18|
For the second time in two weeks, United is bringing aboard a seasoned public relations executive from a competitor.
U.S. equity markets have experienced downbeat trade this past week as investors keep one eye trained on a deadly flu outbreak in China.
A new coronavirus, 2019-nCoV, is starting to make its way across the world. The outbreak began at the end of 2019 in Wuhan, China; it has killed several dozen people, infected thousands more and spread to several countries, including the U.S., since then. Memories of the 2002-03 SARS and 2015 MERS outbreaks are popping back up - including on Wall Street, where several highly touted stock picks have been derailed by the health scare.It's no small worry. The SARS outbreak not only tallied 774 deaths across more than 8,000 cases over a six-month period, but helped knock China's GDP down from 11.1% in the first quarter of 2003 to 9.1% in the second quarter. Depending on the estimate, it removed between $40 billion to $100 billion from the world's economy.Like SARS, today's coronavirus outbreak also is happening at a troublesome time: the Chinese Lunar New Year. The heavy travel period is what helped spread SARS throughout Asia, and what could contribute to a faster spread of the coronavirus.This health issue is weighing on America's broader stock markets, but it's particularly cutting into a few specific industries where the financial strain is already being felt. If there's any silver lining, it's that, like with SARS, this could end up being an opportunity to buy otherwise high-quality stocks at a discount for a potential snap-back.Here, we look at eight stock picks that are being hampered by the coronavirus outbreak, but may eventually be attractive buy-the-dip prospects. SEE ALSO: The 20 Best Stocks to Buy for 2020
The Chicago-based carrier has issued an unusually generous travel waver tied to the coronavirus problem unfolding in China and elsewhere.
Is United Airlines stock ready to take flight? Here is what the fundamentals and technical analysis say about buying United stock now.
United Airlines today announced it has received a perfect score of 100% on the 2020 Corporate Equality Index (CEI), a premier benchmarking survey and report on corporate policies and practices related to LGBTQ+ workplace equality, administered by the Human Rights Campaign (HRC) Foundation. This is the ninth consecutive year the airline receives a 100% score.
This is not only fast becoming a crisis for human beings but for the Chinese economy, as well; this crisis occurred immediately prior to the Lunar New Year celebration.
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%.
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.
The stock market rally had a down week on China coronavirus fears. Netflix, Intel and Atlassian soared on earnings. Boeing fell on 737 Max delays and more.
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.
United Airlines will add 29 additional nonstop flights to and from Miami International Airport through the weekend of Super Bowl LIV, the Chicago-based airline announced Friday. With these temporary flights, United will have a grand total of 52 direct flights landing from eight different airports on the Friday and Saturday before the game.
So far, 18 fatalities and more than 600 are affected by coronavirus in China and the virus is spreading across the boundary, spooking investors.
United Airlines Holdings, Inc. (NASDAQ:UAL) shares fell 5.2% to US$84.88 in the week since its latest full-year...
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.
(Bloomberg) -- Xerox Holdings Corp. said it intends to nominate 11 directors to replace the board of HP Inc. after the personal-computer maker refused to engage in takeover talks, according to a statement Thursday.The iconic printer maker hasn’t increased its $22-a-share takeover offer after HP rejected its proposal, which it argues undervalues the company. Instead, Xerox will seek to replace HP’s entire board through a proxy fight to push the merger through.The nominees include former senior executives from dozens of companies including Aetna Inc., United Airlines Holdings Inc. and Novartis AG.“HP shareholders have told us they believe our acquisition proposal will bring tremendous value, which is why we lined up $24 billion in binding financing commitments and a slate of highly qualified director candidates,” said John Visentin, vice chairman and chief executive officer of Xerox.Xerox filed its slate ahead of a Friday deadline for board nominations. The move could potentially be a precursor to Xerox taking its offer directly to shareholders through a tender offer at the current offer price or a premium if HP continues to rebuff its efforts, according to people familiar with the matter. No decision has been made on whether to pursue a tender offer, the price it would be put forth at, or when it would do so, the people said, asking not to be identified because the matter is private.The push to replace the board marks an escalation of the simmering tensions between the two hardware giants that have withered in a world increasingly driven by software. Xerox has argued the tie-up would revive both companies and unlock about $2 billion in synergies.“These nominations are a self-serving tactic by Xerox to advance its proposal, which significantly undervalues HP and creates meaningful risk to the detriment of HP shareholders,” HP said in a statement.HP said that it would review Xerox’s nominees and respond in due course. It also said that it was committed to serving the best interests of all shareholders, and that it had many avenues that it could pursue to create value. Those efforts are not dependent on a combination with Xerox, it said.Activist shareholder Carl Icahn, who owns about 11% of Xerox and has a 4.3% stake in HP, has pushed for the tie-up.HP said Thursday it believed Xerox’s proposal to acquire HP was being driven by Icahn. The billionaire has considerable influence over Xerox because he is its largest shareholder, the role he played in appointing Xerox’s CEO, who was a former consultant to Icahn, and the ties he has to members of the board, including its chairman, who is also the chief executive officer of Icahn Enterprises, HP said.“Due to Mr. Icahn’s ownership position, he would disproportionately benefit from an acquisition of HP by Xerox at a price that undervalues HP,” the company said, adding that his interests were not aligned with those of other HP shareholders.A representative for Icahn wasn't immediately available for comment.HP’s board currently has 12 members. Dion Weisler, the former chief executive officer of the company, has said he would step down at the next annual general meeting, which the company said would reduce the board size to 11. Its last annual meeting was on April 23.HP in November rebuffed an unsolicited, cash-and-stock offer from Xerox, citing concerns about the financial health of its smaller rival, which has experienced declining annual revenue since 2012.HP’s board said it was open to exploring a merger, but believed the offer undervalued the company.Xerox announced Jan. 6 that it had arranged a $24 billion loan with a group of banks to finance the takeover. HP and its advisers had questioned Xerox’s ability to raise the money for the deal.Following the financing announcement, HP said it believed the offer still undervalued the company.Xerox’s director nominees are:Betsy Atkins, CEO of Baja Corp.George Bickerstaff, co-founder and managing director of M.M. Dillon & Co.Carolyn Byrd, CEO of GlobalTech Financial.Jeannie Diefenderfer, who spent 28 years at Verizon.Kim Fennebresque, who was CEO of Cowen Group for nine years.Carol Flaton, who has served as a managing director at AlixPartners.Matthew Hart, who most recently served as president and chief operating officer of Hilton Hotels until the buyout of Hilton by Blackstone in 2007.Fred Hochberg, who was most recently the chairman and president of the Export-Import Bank of the United States during the Obama administration.Jacob Katz, who was chairman of Grant Thornton.Nichelle Maynard-Elliott, who most recently served as executive director of mergers & acquisitions for Praxair Inc.Thomas Sabatino, Jr. who most recently served as executive vice president and general counsel of Aetna Inc.Citigroup Inc. is acting as Xerox’s financial advisor, and King & Spalding LLP is providing legal counsel to Xerox. Willkie Farr & Gallagher LLP is providing legal counsel to Xerox’s independent directors.(Updates with additional company comments starting in paragraph eight)To contact the reporter on this story: Scott Deveau in New York at email@example.comTo contact the editors responsible for this story: Liana Baker at firstname.lastname@example.org, Matthew Monks, Molly SchuetzFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
As United Airlines aggressively moves to grow its base of lucrative business travelers, the carrier on Thursday said it will launch a new co-branded business credit card in partnership with Chase Card Services. Called the “United Business Card,” the newest addition to United’s portfolio of co-branded credit cards comes with a range of benefits intended to help high-margin business travelers maximize the miles they can earn on United flights and elsewhere. United also said that effective Thursday, the United Explorer Business card will not be available to new card members.