|Bid||357.16 x 2200|
|Ask||357.13 x 4000|
|Day's Range||354.43 - 366.69|
|52 Week Range||292.47 - 446.01|
|Beta (3Y Monthly)||1.30|
|PE Ratio (TTM)||40.82|
|Earnings Date||Oct 22, 2019 - Oct 28, 2019|
|Forward Dividend & Yield||8.22 (2.42%)|
|1y Target Est||410.32|
American Airlines (AAL) stock is going through turbulent times. AAL has lost 17.4% of its market value YTD, underperforming the broader market.
President Donald Trump said on Friday he was ordering U.S. companies to look at ways to close their operations in China and make more of their products in the United States instead, sending U.S. markets down sharply in a new rhetorical strike at Beijing as trade tensions mounted. Trump cannot legally compel U.S. companies to abandon China immediately.
DOW UPDATE The Dow Jones Industrial Average is trading up Friday morning with shares of Boeing and UnitedHealth delivering the strongest returns for the price-weighted average. The Dow (DJIA) is trading 24 points higher (0.
Wall Street closed mixed on Thursday as investors waited for Fed Chair Jerome Powell???s speech scheduled on Aug 23 at the central bank's economic policy symposium in Jackson Hole, WY.
Stocks were back and forth, in the red and in the black, for the better part of Thursday's action. When push came to shove as the closing bell approached though, neither side of the table was doing much shoving. The S&P 500 closed a mere 0.05% lower yesterday.Source: Shutterstock It wasn't because some names didn't do their part. Boeing (NYSE:BA) rallied more than 4% after announcing it had won a respectable contract from the Department of Defense to upgrade wings on the more than a hundred A-10 attack aircraft. But, investors may have been further encouraged by word that the aircraft maker was planning on ramping up output of the beleaguered 737 MAX. That news suggests customers believe the passenger jet can be made safe.There were just too many names like Splunk (NASDAQ:SPLK) holding the market down. Shares of the software company fell nearly 8% despite a solid quarterly report, as Splunk also announced an acquisition investors aren't entirely convinced is a great idea for the $1 billion it's paying for the deal.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 10 Stocks to Own Through a Global Recession Neither are great prospects headed into Friday's trading, however. Rather, stock charts of Nvidia (NASDAQ:NVDA), Albemarle (NYSE:ALB) and HP (NYSE:HPQ) have earned closer looks. Here are those looks. HP (HPQ)HP shares have been all over the map since late last year, and weren't exactly a picture of stability for the better part of the past three years. The selloff since October, however, has not only been bearish, but well framed by clear support and resistance levels.The bad news is, that trading range is steering HPQ stock lower, and there's more downside to go before the floor is bumped into again. Perhaps worse, the bearish momentum is starting to build in a way that portends lower lows are imminent. * Click to EnlargeAlthough choppy, HP has framed a bearish channel, marked with yellow dashed lines on both stock charts. HPQ stock is moving towards that floor, but remains nearly two points above it right now. * It's not yet consistent, but the volume behind several of the most recent selloffs has been above average. * With no other framework in sight that could serve as a landing spot now; the next most likely technical floor is the Fibonacci retracement line at $15.85. Nvidia (NVDA)Nvidia was one of the hardest-hit names last year, sent lower in step with the broad market's weakness, which was exacerbated by a meltdown of the crypto-mining industry.NVDA stock has been working on a recovery since late last year though. It has not been able to form one just yet, but it continues to try. The end result is a well-made set of support and resistance lines. Better still, Nvidia stock is close to punching through the upper boundary. * 7 Internet of Things Stocks to Buy Now * Click to EnlargeThe support and resistance lines in question are marked as blue line on both stock charts. The upper boundary is being tested again this week. * Although not yet above straight-line support, this week NVDA stock has pushed its way back above the gray 100-day moving average line and the white 200-day line. * It has not yet firmed up, but there's above-average bullish volume materializing here and it has been enough to let the weekly chart's Chaikin line move back above the zero level. Albemarle (ALB)Finally, Albemarle has been in something of a nosedive since early last year. Although it has seen the occasional rebound effort, each one of them has been met by a move to lower lows.There has been a method to the madness, however. Each lower low and each lower high has contributed to the establishment of a well-defined, falling trading range. The current trajectory is clearly downward, but that doesn't necessarily mean ALB has to stay on the path. It does, however, suggest there's room for a little more downside before traders have to make a decision. * Click to EnlargeIt's plotted on both stock charts, with dashed blue lines. Either way, it's clear Albemarle shares are being squeezed into the tip of a narrowing wedge pattern that will force a decision. * Although the descending wedge is currently bearish, and the gray 100-day moving average line is now resistance, the whole move could fuel an explosive move higher if the upper boundary can be snapped. * And although the converging support and resistance could be building up a major breakout move, for the time being, ALB stock looks like it's aiming to test the lower boundary around $60, marked with a yellow arrow.As of this writing, James Brumley did not hold a position in any of the aforementioned securities. You can learn more about him at his website jamesbrumley.com, or follow him on Twitter, at @jbrumley. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Retail Stocks to Buy on the Dip * 7 Marijuana Stocks With Critical Levels to Watch * 7 Internet of Things Stocks to Buy Now The post 3 Big Stock Charts for Friday: HP, Nvidia and Albemarle appeared first on InvestorPlace.
The Boeing Company may have recovered slightly in recent days, but airlines are on a troubling course. At least, that’s what one technical indicator shows in All Star Charts Institutional’s Top 10 Charts of the Week. “Airlines had begun to improve on both an absolute and relative basis, but were shot down out of the […]
Investing.com - U.S. stocks traded lower Friday after Federal Reserve Chairman Jerome Powell reiterated that the central bank will act “as appropriate” to sustain the economy, in a speech that also blamed trade policy for much of the global economic slowdown.
Boeing's grounded MAX jets could be certified and back in service as early as October, sources with knowledge of the matter tell the Seattle Times.
(Bloomberg) -- U.S. regulators are turning to a variety of Boeing Co. 737 Max pilots, including some with relatively little experience, to help test revamped flight-control software aimed at returning the jetliner to commercial service, according to the agency and people familiar with the matter.The Federal Aviation Administration has asked for “a cross-section of line pilots” from airlines around the world that operated the Max, it said in a statement Thursday. The flight crews are part of the testing process underway before the plane can be returned to service after two crashes in less than five months.The agency wants to determine how aviators with no more than one year of 737 experience and at least one Max flight react to software updates, said some people familiar with the request, who asked not to be identified because the deliberations are private.At one carrier, the FAA asked for two sets of pilots in the testing, one group of seasoned captains and another group of co-pilots with between nine and 18 months of experience on the plane, said one person.The FAA in its statement disputed that it was seeking relatively inexperienced crews. “The FAA has not specified a certain number of hours of flight experience for these crews beyond the requirement that they have previous experience at the controls of the Boeing 737 Max,” the agency said.There is no schedule for the tests, the FAA added. They must be completed before the plane re-enters service. Boeing has said it plans to file its formal application to recertify the jet by the end of September.The request was earlier reported by Reuters. American Airlines Group Inc., Southwest Airlines Co. and United Airlines Holdings Inc. all have Max models in their fleets.Boeing didn’t immediately respond to a request for comment.American regulators grounded the Max March 13 after the second of the crashes. The two accidents killed a total of 346 people.Safety investigators have linked the crashes, in Indonesia and Ethiopia, to a flight-control feature called the Maneuvering Characteristics Augmentation System, or MCAS, which pushes the 737 Max’s nose down in certain situations. In June, the FAA identified a separate software problem in which the flight computer tried to lower the jet’s nose in response to a stream of erroneous data.Like many systems on the plane, the MCAS software was originally approved by the FAA on the assumption that a typical pilot would be able to handle a malfunction and prevent a crash. Calling in pilots from around the world isn’t typically done during certification testing and shows the lengths to which the FAA is going to assure that it understands how pilots will respond to similar emergencies.Southwest, the largest Max operator, has removed the plane from its schedule until early January. American and United have changed their Max schedules through early November.\--With assistance from Mary Schlangenstein.To contact the reporters on this story: Justin Bachman in Dallas at email@example.com;Alan Levin in Washington at firstname.lastname@example.orgTo contact the editors responsible for this story: Brendan Case at email@example.com, John Harney, Jon MorganFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
CHICAGO/WASHINGTON, Aug 22 (Reuters) - The U.S. Federal Aviation Administration said on Thursday it would invite Boeing 737 MAX pilots from across the world to participate in simulator tests as part of the process to recertify the aircraft for flight following two fatal crashes. In a statement, the FAA said it had not specified the number of required hours of flight experience, but said the candidates would be a cross-section of line pilots and must have experience at the controls of the MAX. Boeing Co's latest 737 narrow-body model, the MAX, was grounded worldwide in March after two crashes within five months in Indonesia and Ethiopia that killed 346 people.
A dispute over budgeting processes could delay NATO's efforts to finalize a $1 billion contract to extend the life of 14 aging Boeing E-3A surveillance aircraft, often called NATO's "eyes in the sky," sources familiar with the program said. NATO officials have invited the 16 member nations in the Airborne Warning & Control System, or AWACS, program to an extraordinary meeting on Sept. 12 to mark the program's 40th anniversary and resolve the budget dispute, the sources said. Unless the issue is resolved soon, the contract will not be awarded to Boeing in time to be announced as planned at the Dec. 3-4 NATO summit in London, the sources said.
The benchmark S&P 500 ended little changed on Thursday as a fall in U.S. jobless claims offset data showing a contraction in U.S. manufacturing activity while investors awaited Federal Reserve Chair Jerome Powell's speech on Friday for clues on the central bank's monetary policy. Data from the U.S. Labor Department showed initial claims for state unemployment benefits dropped more than expected last week, suggesting the labor market was holding firm despite a manufacturing slowdown and concerns the economy is on a path toward recession.
Denver-area companies made the rocket, the satellite and the ground-control technologies used Thursday.
The Dow Jones Industrial Average was the sole gainer in the stock market today after shaking off hawkish remarks from Fed officials.
Wednesday's bullishness faded on Thursday, with investors mostly spooked by this month's manufacturing activity. IHS Markit says the purchasing manager's index fell below the 50 level last month, for the first time since September 2009. The data jibes with a weak new orders figure.Investors were also conflicted about comments made by German Chancellor Angela Merkel, who suggested there may be a way to facilitate a no-deal Brexit by the Oct. 31 deadline. That news sent the British pound soaring, after sliding lower for months on fears that the United Kingdom's exit from the European Union would be abrupt, causing a ripple effect across the continent.Also holding the market back is lingering concern over last week's inversion of the yield curve.InvestorPlace - Stock Market News, Stock Advice & Trading TipsArturo Estrella, who first identified the connection between yield curve inversions and recessions, said in an interview that "It's impossible to be 100% sure about the future but I'd say the chances of a recession in the second half next year are pretty high."By the time the closing bell rang, the S&P 500 was lower by a 0.05%. The Dow Jones Industrial Average managed a 0.19% gain, and the NASDAQ Composite ended the day off by 0.36%. Top News in the Stock Market TodayOverstock (NASDAQ:OSTK) Chief Executive Officer Partick Byrne is stepping down from his post, effective immediately.Byrne, who founded Overstock 20 years ago, has spent the past several months focused on developing a blockchain-based venture. Last week, however, Byrne threw investors another curveball by saying he was involved in an investigation related to 2016 presidential election. He specifically referred to investigators as "Men in Black." Byrne also conceded he had been in a romantic relationship with Russian operative Maria Butina, who is now in prison for attempted crimes against the U.S. government. Byrne became too much of a liability. * 10 Undervalued Stocks With Breakout Potential Given its long-standing cadence of iPhone releases, investors were largely expecting Apple (NASDAQ:AAPL) to release its next iteration of the popular device in the coming month. Though still not official word from the company, Bloomberg's report adds credibility to the notion that Apple will indeed reveal three new iPhones in September. Two of them will be "Pro" models.It's a matter that's been brewing for some time, but will be coming to a head on Monday. That's when Johnson & Johnson (NYSE:JNJ) will most likely hear from an Oklahoma judge about its liability in the state's opioid epidemic. Oklahoma's attorney general argues that the drug company's sales practices fueled an addiction problem. The attorney general further argues that the problem ultimately claimed 6,000 lives and could cost the state as much as $17.5 billion to abate. Big MoversIt's still dealing with the fallout from its 737 debacle, but Boeing (NYSE:BA) at least caught a small break today on news that the U.S. Air Force has asked the company to upgrade the wings on more than 100 A-10 attack aircraft. The contract could be worth up to $1 billion.BA stock jumped more than 4% in response to the news. Although, some of that bullishness may have also been driven by hope on the 737 front. The company is reportedly planning to ramp up production beginning in February, suggesting airlines are starting to trust the fix being put in place now.Splunk (NASDAQ:SPLK), on the flipside, fell nearly 8% on Thursday despite a solid second quarter, weighed down by an acquisition that is proving less than popular.In its recently completed quarter, Splunk generated revenue of $516.6 million, up 33% year-over-year, driving a small improvement in profits. The software company, however, also announced it would be shelling out $1 billion to acquire cloud monitoring startup SignalFx. While the deal makes Splunk a more well-rounded organization, it's coming at a steep price.Keysight Technologies (NYSE:KEYS) soared over 12% today after last quarter's earnings beat inspired an upgrade. For its fiscal third quarter, Keysight reported record revenue of $1.09 billion, up 8%, and beating expectations of $1.05 billion. Earnings of $1.25 per share were much better than the expected $1.02, prodding Baird to upgrade KEYS stock to "Outperform."Baird analyst Richard Eastman explained "While we acknowledge trade-related impacts on the macro-economy remain risks, our concerns re: Huawei restrictions and related knock-on effects through the tech supply chain have turned out (thus far) to be less restraining to KEYS' growth (esp. in China, 2Q/3Q both +DD%) than our (and the tech industry's) initial calculation."As of this writing, James Brumley did not hold a position in any of the aforementioned securities. You can learn more about him at his website jamesbrumley.com, or follow him on Twitter, at @jbrumley. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Marijuana Stocks That Could See 100% Gains, If Not More * 11 Stocks Under $10 to Buy Now * 6 China Stocks to Buy on the Dip The post Stock Market Today: Boeing Takes Flight, Manufacturing Slumps appeared first on InvestorPlace.
It is often said the Federal Reserve is "data dependent" in its quest to accurately calibrate U.S. monetary policy. With that in mind, it may be surprising the major equity benchmarks did not do more gyrating Thursday following the release of one particularly concerning data point.Source: Venturelli Luca / Shutterstock.com Earlier today, the August reading of the Markit manufacturing purchasing managers index check in at 49.9, the first reading below 50 in about a decade. Readings below 50 are generally considered negative, particularly if they are accrued in consecutive months. That hasn't happened yet, but this is a data point that should not be ignored.As has been widely noted, the Fed expects to take appropriate measures if the U.S. economy shows signs of wilting. With yesterday's release of minutes from the Federal Open Market Committee (FOMC), it looked like some Fed members want large rate cuts.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 10 Marijuana Stocks That Could See 100% Gains, If Not More However, that thesis may have been a short-term blow today as President of the Philadelphia Fed Patrick Harker said he doesn't believe more monetary stimulus is needed, while Kansas City Federal Reserve Bank President Esther George said she sees the U.S. economy as still on solid ground.Even with all that Fed speak, the Nasdaq Composite lost just 0.36% while the S&P 500 dropped 0.05%. The Dow Jones Industrial Average mustered a gain of 0.19%. Big Boeing BounceIn what is certainly good news because it is the largest Dow stock, frequent guest of this space Boeing (NYSE:BA) surged 4.25% on above-average volume on news that the Federal Aviation Administration (FAA) is planning to run software tests for Boeing's 737 MAX passenger jet with newer pilots as soon as next month.The tests are expected to involved pilots with around a year of flight time. Obviously, the results of those tests remain to be seen, but the news is the latest sign that Boeing may be able to meet investors' expectations that the 737 MAX could be back in the air sometime before the end of 2019."As part of its own testing process Boeing has invited senior U.S. airline pilots to experiment with the software fix and use simulators to run scenarios similar to the ones that led to the two crashes," according to Reuters.Boeing is also attempting to fill hundreds of temporary jobs aimed at getting the 737 MAX back in the skies in the fourth quarter. Apple NewsIn late trading, Apple (NASDAQ:AAPL) was clinging to a modest gain. The company is just a few weeks away from its annual refresh of critical products, including the iPhone. Today, rumors circulated that Apple could unveil as many as three new iPhones next month as well as unveil significant upgrades to the iPad and its most popular laptops."Also coming in 2019: refreshed versions of the iPad Pro with upgraded cameras and faster chips, an entry-level iPad with a larger screen, new versions of the Apple Watch, and the first revamp to the MacBook Pro laptop in three years," Bloomberg reported, citing sources familiar with the matter.At the upcoming Apple event, investors will also likely be demanding clues and updates about Apple's streaming entertainment effort, Apple+. Dow DogsAmong the worst of the day's Dow offenders today was UnitedHealth (NYSE:UNH). Weakness in UNH shares today wasn't a symptom of healthcare weakness because the Dow's three other healthcare components traded slightly higher. I don't like to speculate, but UNH slumped a day after the requirements for the next round of Democratic debates were released. Good news for UNH: supporters of Medicare For All are growing mum.Chemicals maker Dow (NYSE:DOW) continues to be a dog with fleas. Read more about that condition as it pertains to the stock here. Today, the stock lost 2.74% after 20 mayors in France announced a ban on glyphosate, a weed killer that dozens of companies, including Dow, sell around the world. Bottom Line on the DowIt's all about data right now. That and Fed Chairman Jerome Powell's speech from Jackson Hole tomorrow. I've frequently mentioned the importance of the consumer in this space and there are now inklings that there is some softness on that front. Should that weakness persist, the Fed governors mentioned above may have no choice but to get on board with more rate cuts.Todd Shriber does not own any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Marijuana Stocks That Could See 100% Gains, If Not More * 11 Stocks Under $10 to Buy Now * 6 China Stocks to Buy on the Dip The post Dow Jones Today: Data Dependency Emerges appeared first on InvestorPlace.
U.S. stocks struggled for direction on Thursday as Boeing's rally pulled the Dow back into positive territory. Investors stayed focused on the Federal Reserve's annual symposium in Jackson Hole, Wyo., where investors are hoping Fed Chairman Jerome Powell on Friday will confirm expectations for a September rate cut. The S&P 500 was down less than 0.1% to finish near 2,923. The Dow Jones Industrial Average advanced 51 points, or 0.2%, to end around 26,254, based on preliminary numbers The Nasdaq Composite fell 0.4% to close near 7,991. Shares for Boeing climbed after an analyst said Federal Aviation Administration certification for its grounded 737 MAX plane could be a few weeks away. At the same time, investors were rattled after the IHS Markit purchasing manager's index for the U.S. manufacturing sector signaled a mild contraction in activity. Adding to the jitters, Kansas City Fed President Esther George and Philadelphia Fed President Patrick Harker both said there wasn't a strong case for further easing of monetary policy.