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Stock Market & Financial Investment News

News Breaks
February 7, 2014
15:36 EDTDALDelta Air Lines names Gil West as COO, effective March 1
Delta Air Lines' Board of Directors approved the appointment of Wayne Gilbert "Gil" West to executive vice president and COO effective March 1. West will succeed Stephen E. Gorman who will retire after leading Delta's operations divisions since 2007. West joined Delta in 2008 as senior vice president – Airport Customer Service and was instrumental in leading operations integration work during Delta's merger with Northwest Airlines and driving customer satisfaction improvements in Delta's internal customer measurements as well as Net Promoter scores.
News For DAL From The Last 14 Days
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June 25, 2015
07:00 EDTDALDelta granted temporary space at Dallas airport by Southwest, Reuters reports
While Southwest Airlines (LUV) and Delta Air Lines (DAL) await a resolution of their dispute in court, Southwest is allowing Delta to continue operating five daily flights between Dallas Love Field Airport and Atlanta, reported Reuters, citing a Delta spokeswoman. A gate-sharing pact between the two is set to expire on July 6, the report noted. Reference Link
June 24, 2015
08:05 EDTDALDelta Air Lines signs sponsorship deal with the U.K.'s Chelsea Football Club
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June 23, 2015
09:36 EDTDALActive equity options trading on open
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07:56 EDTDALDetroit Economic Club to hold a meeting
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07:11 EDTDALDelta Air Lines coverage assumed with an Overweight at Morgan Stanley
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June 22, 2015
09:42 EDTDALDelta Air Lines $2 fare increase failed, says JPMorgan
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07:19 EDTDALAirlines focusing on upgraded in-flight web services, WSJ reports
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June 21, 2015
13:03 EDTDALU.S. airline stocks may rise 15%-50% in one year, Barron's says
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June 19, 2015
16:59 EDTDALBuckeye, airlines agree to settle FERC disputes
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11:09 EDTDALDelta 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.
10:00 EDTDALOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: Aerie Pharmaceuticals (AERI) upgraded to Buy from Hold at Canaccord... Amedisys (AMED) upgraded to Buy from Hold at Jefferies... Consolidated Edison (ED) upgraded to Hold from Sell at Evercore ISI... Delta Air Lines (DAL) upgraded to Outperform from Peer Perform at Wolfe Research... Deutsche Bank (DB) upgraded to Neutral from Underperform at Exane BNP Paribas... EP Energy (EPE) upgraded on better than expected well economics at SunTrust... Encana (ECA) upgraded to Outperform from Market Perform at BMO Capital... Energy Transfer Partners (ETP) upgraded to Buy at BofA/Merrill... Erickson (EAC) upgraded to Outperform from In-Line at Imperial Capital... Fiserv (FISV) upgraded on growth opportunities, margin outlook at Oppenheimer... IPC Healthcare (IPCM) upgraded to Buy from Hold at Jefferies... Mack-Cali Realty (CLI) upgraded on valuation at Stifel... Micron (MU) upgraded to Buy on sustainable margins and capex at Topeka... NuStar Energy (NS) upgraded to Buy from Neutral at BofA/Merrill... NuStar GP Holdings (NSH) upgraded to Buy from Neutral at BofA/Merrill... Ramco-Gershenson (RPT) upgraded to Outperform from Neutral at Baird... Retail Opportunity (ROIC) upgraded to Outperform from Market Perform at Raymond James... Royal Dutch Shell (RDS.A) upgraded to Outperform from Sector Perform at RBC Capital... Smith & Wesson (SWHC) upgraded to Outperform from Sector Perform at RBC Capital... Sovran Self Storage (SSS) upgraded to Buy from Hold at Cantor... Springleaf (LEAF) upgraded to Outperform from Neutral at Macquarie.
09:08 EDTDALDelta Air Lines upgraded to Outperform from Peer Perform at Wolfe Research
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07:43 EDTDALDelta instituted $2 domestic fare increase yesterday, says JPMorgan
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June 18, 2015
10:21 EDTDALSouthwest, Spirit retreat after analysts downgrade shares
Southwest Airlines (LUV) and Spirit Airlines (SAVE) are falling after both airline stocks received downgrades from research firms this morning. Barclays downgraded Southwest, while Credit Suisse cut its rating on Spirit. WHAT'S NEW: Barclays analyst David Fintzen lowered his rating on Southwest to Underweight from Overweight, saying that the stock's valuation is above peer levels even though its outlook is no better than its large competitors. Moreover, the company's margins could drop in 2016 because of its "outsized growth," the analyst warned. Credit Suisse analyst Julie Yates downgraded Spirit Airlines to Neutral from Outperform, as she believes the airlines is facing more aggressive competitor fares. American Airlines (AAL) is offering lower fares than Spirit on five of the latter company's ten top ten routes for travel two months from reservation dates, the analyst stated. Moreover, Spirit's second quarter margins may come in below its guidance and the airline will probably reduce its margin outlook when its reports its Q2 results in late July, Yates predicted. WHAT'S NOTABLE: Barclays' Fintzen was more upbeat on Spirit, continuing to identify it as his top pick among airlines. More broadly, Fintzen remains generally upbeat on airline stocks, predicting that the industry's profitability will be "far more durable" than the market believes. The sector's competition is balanced, and it has increased its capacity and airplane purchases much less than in prior periods of oil price declines, according to Fintzen. Additionally, the airline stocks' multiples remain overly depressed, he believes. He says that the following stock in the sector can climb about 50%: Spirit, American, Delta (DAL), and United (UAL). PRICE ACTION: In early trading, Southwest dropped 2.2% to $33.11 and Spirit slid 2.4% to $60.91.
05:41 EDTDALSouthwest downgraded to Underweight from Overweight at Barclays
Barclays analyst David Fintzen downgraded Southwest (LUV) two notches to Underweight from Overweight saying the company has moved from a margin expansion story to an "average" big four airline trading at a premium valuation. Fintzen expects Southwest's growth to normalize in 2016 and cut his price target for shares to $39 from $50. The stock closed yesterday down 7c to $33.84. The analyst coupled the downgrade with an upgrade of Align Technology (ALGN) to Equal Weight. He remains bullish on airlines, with Spirit Airlines (SAVE) remaining his top pick, followed by Delta Air Lines (DAL), American Airlines (AAL) and United Continental (UAL). Fintzen sees 50% average upside in those four names.
June 17, 2015
15:52 EDTDALAir Transport Assc. reevaluates carry-on changes
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13:34 EDTDALStocks with call strike movement; DAL EWZ
Delta Air Lines (DAL) December 46 call option implied volatility decreased 4% to 33, MSCI Brazil Index (EWZ) September 37.5 call option implied volatility increased 2% to 27 according to IVolatility.
June 16, 2015
12:04 EDTDALUnited Airlines moving p.s. transcontinental service to Newark from JFK
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11:16 EDTDALStocks with call strike movement; DAL FCX
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June 15, 2015
15:04 EDTDALDepartment of Transportation permits Delta to retain Seattle-Haneda route
The U.S. Department of Transportation finalized its decision to permit Delta Air Lines (DAL) to retain its authority to provide daily service between Seattle, Washington and Tokyo’s Haneda Airport, subject to conditions designed to ensure that Delta maintains a daily service in the Seattle market year-round. The Department noted that Delta "virtually abandoned" the Seattle-Haneda route last winter by operating service approximately only one week every 90 days between October 2014 and late-March 2015. That led the Department to consider whether to let Delta keep the route or to instead award it to a different carrier, even if from a different U.S. gateway. Besides Delta, American Airlines (AAL) applied for Los Angeles-Haneda authority and Hawaiian Airlines (HA) applied for Kona, Hawaii-Haneda authority. In the proceeding, Delta made an "unequivocal" commitment to restore a full pattern of daily Seattle-Haneda service and to continue that service year-round. Delta also presented evidence of expanded operations in Seattle. The Department has imposed a condition that any failure by Delta to operate any Seattle-Haneda flight, year-round, in either direction, would constitute a violation of its authority. Additionally, any failure by Delta to perform Seattle-Haneda service on two days of any seven-day period would mean the immediate loss of Delta’s authority. The Department also finalized its tentative selection of American Airlines’ Los Angeles-Haneda proposal as a backup to Delta’s award. American’s authority would become effective should Delta fail to meet its requirements for serving the Seattle market.

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