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Stock Market & Financial Investment News

News Breaks
November 16, 2012
10:07 EDTXSRAY, CCE, AEO, DRYS, JBLU, TZYM, FTROn The Fly: Analysts Downgrade Summary
Today's noteworthy downgrades include: American Eagle (AEO) downgraded to Market Perform from Outperform at BMO Capital...Frontier Communications (FTR) downgraded to Sell from Neutral at Goldman...JetBlue (JBLU) downgraded to Sell from Neutral at Goldman...Coca-Cola Enterprises (CCE) downgraded to Underperform from Outperform at CLSA...Tranzyme (TZYM) downgraded to Hold from Buy at Canaccord and to Market Perform from Outperform at BMO Capital...DryShips (DRYS) downgraded to Neutral from Buy at Global Hunter...Xstrata (XSRAY) downgraded to Sector Perform from Outperform at RBC Capital.
News For AEO;FTR;JBLU;CCE;TZYM;DRYS;XSRAY From The Last 14 Days
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June 30, 2015
09:10 EDTDRYSDryShips announces agreement to sell 6 Aframax Tankers
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07:59 EDTJBLUJetBlue eliminates free checked bag with cheapest fare, Bloomberg says
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June 24, 2015
09:11 EDTAEOAmerican Eagle says environment continues to be highly promotional
Says "pleased" with 1H15 results. Says has seen "good" sequential improvement starting from 2H14 through 1Q15 and 2Q15. Says environment continues to be highly promotional, but seeing strength across all categories and regions. Says leveraging mall traffic, says AUR continues to grow, as well as unit volume. Sees room for improved merchandise margins in 2H. Sees continued EPS growth in 2H. Says "very" optimistic going into 2H. Comments made at the Oppenheimer Annual Consumer Conference.
09:04 EDTAEOAmerican Eagle repeats Q2 EPS view 11c-14c, consensus 14c
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June 23, 2015
10:00 EDTJBLUOn The Fly: Analyst Upgrade Summary
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07:29 EDTJBLUJetBlue to introduce Mint to Boston customers
JetBlue announced plans to enhance service at Logan International Airport as part of its long-term commitment to serve both business and leisure travelers who have made the airline the city's top carrier. As part of the expansion, JetBlue will introduce Mint, its highly acclaimed take on premium travel, to Boston customers traveling to San Francisco and Los Angeles. JetBlue will also add Nashville as its 60thnon-stop destination from Boston and will increase service frequency on more than a dozen existing routes to U.S. and Caribbean destinations. Mint service will take off between Boston and San Francisco beginning in March 2016 with up to three daily roundtrips. Additionally, JetBlue will offer Mint seasonal service to the Caribbean beginning in March 2016 with a weekly Saturday roundtrip between Boston and Barbados.
07:15 EDTAEOOppenheimer to hold a conference
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07:03 EDTJBLUJetBlue upgraded to Equal Weight from Underweight at Morgan Stanley
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June 22, 2015
07:19 EDTJBLUAirlines focusing on upgraded in-flight web services, WSJ reports
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June 19, 2015
16:59 EDTJBLUBuckeye, airlines agree to settle FERC disputes
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11:09 EDTJBLUDelta climbs following upgrade, reported fare hike
The shares of Delta Air Lines (DAL) are rising after research firm Wolfe Research upgraded the stock to Outperform from Peer Perform in a note to investors earlier today. Additionally, JPMorgan says Delta appears to have instituted a domestic fare increase yesterday. WHAT'S NEW: Delta's new deal with its pilots on profit sharing removes an unknown that had been facing the company, Wolfe wrote. Additionally, the airlines seems to be implementing additional domestic capacity cuts, the firm stated. As a result, Wolfe slightly increased its passenger revenue per available seat mile, or PRASM, estimate for the company. Furthermore, expectations for Delta's Q3 PRASM have dropped significantly, even though the airlines recently said that its PRASM should turn positive in Q4. Consensus estimates for Delta now look "reasonable" for this year and beatable in 2016, according to Wolfe, which set a $62 price target on the shares. WHAT'S NOTABLE: JPMorgan said Delta appears to have instituted an additional, $2 one-way across-the-board domestic fare increase yesterday, following last week's industry-wide increase. The firm sees "no harm" in Delta trying, but adds it would be surprised to see material support from the discounters. JPMorgan said it remains "puzzled" as to why airline industry stock sentiment is so negative since discipline among the companies is "alive and kicking." The firm has an Overweight rating on Delta. OTHERS TO WATCH: Other publicly traded airline operators include American Airlines (AAL), JetBlue (JBLU), Southwest (LUV) and United Continental (UAL). PRICE ACTIOn: In late morning trading, Delta rose 2.5% to $42.38.
June 18, 2015
11:01 EDTJBLUAvis Budget, JetBlue sign preferred partnership agreement
Avis Budget Group (CAR) announced that it has signed a multi-year preferred partnership agreement with JetBlue Airways (JBLU). The new agreement significantly expands the existing marketing affiliation between the two companies, under which Avis Budget Group has served as a partner within JetBlue's TrueBlue loyalty rewards program. Under the new agreement, Avis Budget Group will promote its Avis Car Rental, Budget Car Rental and Payless Car Rental brands, products and services as well as money-saving offers directly to JetBlue customers and TrueBlue members. TrueBlue members and those with Mosaic status will have the opportunity to earn TrueBlue points when renting from Avis, Budget and Payless. The three rental brands will also be featured on JetBlue's online booking channel located at www.jetblue.com so that travelers can conveniently make car rental reservations when purchasing airline tickets.
June 17, 2015
15:52 EDTJBLUAir Transport Assc. reevaluates carry-on changes
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June 16, 2015
18:09 EDTFTRFrontier Communications can rise 20%, Barron's says
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10:01 EDTFTROn The Fly: Analyst Upgrade Summary
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09:34 EDTFTRFrontier Communications accepts $283M in annual Connect America funding
Frontier Communications accepted offers from the FCC totaling more than $283M in annual Connect America Fund Phase II support to deploy broadband to more than 650,000 high-cost rural locations throughout its 28-state service area. This additional support will enable Frontier to continue accelerating broadband deployment across its footprint.
08:21 EDTJBLUJetBlue enters into agreement with Goldman to implement ASR program
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08:17 EDTFTRFrontier Communications upgraded to Outperform from Market Perform at Bernstein
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06:46 EDTJBLUJetBlue seeks long range Airbus plane for overseas growth, Reuters says
JetBlue (JBLU) is eyeing a long range plane from Airbus (EADSY) that could help carry customers farther distances, possibly growing the airline’s network in South America, Reuters reports, citing comments from an interview with JetBlue executive vice president for Commercial and Planning Marty St. George. JetBlue is particularly interested in Airbus’ A321neo aircraft, the report says. Reference Link

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