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Stock Market & Financial Investment News

News For JBLU;LCC;DAL;SKYW;ALK;AMR;UAL;LUV;HA From The Last 14 Days
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May 21, 2015
10:01 EDTLUV, UAL, DALGoldman reiterates Attractive view on US Airlines
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09:03 EDTJBLU, LUV, DAL, ALK, UALOptions expected to be active
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08:28 EDTLUV, UAL, ALKAirline fundamental outlook little changed despite selloff, says Cowen
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05:56 EDTUALStocks with implied volatility movement; AAL UAL
Stocks with implied volatility movement; American Airlines (AAL) 40, United Continental (UAL) 39 according to iVolatility.
05:45 EDTLUVStocks with implied volatility movement; FTR LUV
Stocks with implied volatility movement; Frontier Communications (FTR) 50, Southwest (LUV) 34 according to iVolatility.
May 20, 2015
16:26 EDTDAL, LUVOn The Fly: Top stock stories for Wednesday
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16:00 EDTDAL, UAL, LUVOptions Update; May 20, 2015
iPath S&P 500 VIX Short-Term Futures up 3c to 19.19. Option volume leaders: AAPL AAL YHOO DAL FB BABA UAL BAC TWTR LUV C TSLA GE MU
15:43 EDTHA, ALK, DAL, LUV, UAL, JBLUAirlines fall as analysts grapple with concerns over capacity growth
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14:22 EDTALKAlaska Air volatility flat as shares pullback
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13:40 EDTJBLUJetBlue volatility flat as shares pullback
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13:07 EDTUALUnited Continental volatility increases as shares pullback
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12:33 EDTLUVOn The Fly: Top stock stories at midday
Stocks began the session relatively unchanged from yesterday’s close and continue to trade in a holding pattern as investors await the release of the minutes from the Federal Reserve's last FOMC meeting. ECONOMIC EVENTS: In the U.S., EIA inventory data showed a 2.67M barrel fall in crude stocks, versus expectations for a 1.75M barrel decrease. The Federal Reserve is scheduled to release the minutes from its last rate setting meeting at 2 pm EDT. In Asia, Japan's GDP accelerated to a 2.4% growth pace in the first quarter, which was much better than expected. Japanese stock markets rallied on the news, sending the Nikkei 225 average to its best level in 15 years. COMPANY NEWS: Five of the world's largest banks - Citi (C), JPMorgan Chase (JPM), Barclays (BCS), The Royal Bank of Scotland (RBS) and UBS (UBS) - agreed to pay more than $5B and plead guilty to felony charges related to manipulating foreign currencies and interest rates. In conjunction with previously announced settlements with regulatory agencies in the United States and abroad, today’s resolutions bring the total fines and penalties paid by these five banks for their conduct in the foreign exchange spot market to nearly $9B, the Department of Justice stated... Target (TGT) shares advanced 1% after the retailer's first quarter earnings topped expectations and it raised the low-end of its fiscal year profit forecast. Brian Cornell, chairman and CEO of Target, said the company was pleased with its first quarter traffic and sales, particularly in its signature categories, which drove better-than-expected profitability through improved gross margin and continued expense management. MAJOR MOVERS: Among the notable gainers was Sarepta Therapeutics (SRPT), which rallied 53% after the company announced that, following meetings with the FDA, it would submit its eteplirsen drug to the FDA for approval on a rolling basis, with various components of the application being submitted separately. Eteplirsen is a treatment for Duchenne muscular dystrophy, or DMD. Also higher was Pep Boys (PBY), which gained 14% after The Wall Street Journal said private equity firm Golden Gate Capital and other potential suitors have expressed interest recently in buying the company. Among the noteworthy losers was Etsy (ETSY), which operates an online marketplace to buy and sell handmade items and vintage goods. The stock, which priced its IPO at $16 and opened for trading at $31 per share, dropped 22% to trade near $16.50 after the company issued its first financial report since coming public in April. Also lower were shares of several airline stocks, led by Southwest (LUV), which was down 8% near noon. In a regulatory filing last night, Southwest indicated it expects FY15 capacity growth to increase 7%-8% and to grow another 6%-7% in FY16. Buckingham downgraded Southwest to Neutral from Buy this morning, stating it has a more cautious revenue outlook for the company due to a worsening backdrop as competitors vow to compete aggressively. INDEXES: Near midday, the Dow was down 6.10, or 0.03%, to 18,306.29, the Nasdaq was up 1.65, or 0.03%, to 5,071.69, and the S&P 500 was down 0.49, or 0.02%, to 2,127.34.
12:15 EDTDALDelta volatility increases as shares pullback
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12:08 EDTLUVSouthwest volatility increases as shares pullback
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11:56 EDTALK, LUV, HA, JBLU, DALSterne Agee CRT recommends aggressively adding to airline positions
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11:43 EDTDALStocks with call strike movement; RIG DAL
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10:16 EDTLUVFollow-up: Southwest downgraded on worsening backrop at Buckingham
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10:01 EDTLUV, ALK, UALOptions with increasing volume: DAL LUV AAL UAL SAVE ALK JBLU
10:00 EDTLUVOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: Achillion (ACHN) downgraded on valuation at JMP Securities... Ashland (ASH) downgraded to Equal-Weight from Overweight at First Analysis... Bank of Nova Scotia (BNS) downgraded to Underperform from Neutral at BofA/Merrill... Braskem (BAK) downgraded to Neutral from Overweight at JPMorgan... Comerica (CMA) downgraded to Underperform at Baird... Crestwood Midstream (CMLP) downgraded to Neutral from Buy at Ladenburg... Fifth Third (FITB) downgraded to Neutral from Outperform at Baird... Keurig Green Mountain (GMCR) downgraded to Hold from Buy at Argus... Keysight Technologies (KEYS) downgraded to Neutral from Outperform at Baird... Leju (LEJU) downgraded to Underperform from Buy at CLSA... Marrone Bio (MBII) downgraded to Hold from Buy at Jefferies... Southwest (LUV) downgraded to Neutral from Buy at Buckingham... SunTrust (STI) downgraded to Market Perform from Outperform at Keefe Bruyette... Western Alliance (WAL) downgraded to Market Perform from Outperform at Keefe Bruyette.
09:58 EDTDALDelta Air Lines drops sharply, levels to watch
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09:24 EDTLUVSouthwest downgraded to Neutral from Buy at Buckingham
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09:02 EDTALKAlaska Air announces it reduced emissions intensity by 30% over past 10 years
Alaska Air has reduced its mainline flying emissions intensity by one-third over the last 10 years through fleet advancements and flight technology. These advances have avoided burning 531 million gallons of fuel since 2004 — the equivalent of taking one million cars off the road for a year.
May 19, 2015
17:49 EDTLUVSouthwest CFO sees Q2 PRASM declining 3%
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10:50 EDTDALStocks with call strike movement; GDX DAL
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08:23 EDTUALSenate Commerce, Science & Transportation Committee to hold a hearing
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07:11 EDTUAL, ALK, LUVWolfe Research to hold a conference
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May 18, 2015
06:15 EDTDALCiti divests 16% stake in Grupo Aeromexico, Reuters reports
Citigroup (C) has sold its 16% stake in Grupo Aeromexico, the Mexican airline says, Reuters reports. According to the airline, Barclays Capital (BCS) acquired about 8% of shares through a financial operation with Delta (DAL). Reference Link
06:09 EDTUAL, LUV, JBLU, DALTrade group sees airlines carrying record passenger loads this summer, WSJ says
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May 15, 2015
16:28 EDTJBLU, UAL, DALAppaloosa Management gives quarterly update on stakes
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12:13 EDTDALThird Point gives quarterly update on stakes
NEW STAKES: Yum! Brands (YUM), NXP Semiconductors (NXPI), FedEx (FDX), McKesson (MCK), and J M Smucker (SJM). INCREASED STAKES: Actavis (ACT), Roper Technologies (ROP), Delta Air Lines (DAL), and FleetCor Technologies (FLT). DECREASED STAKES: Ally Financial (ALLY), Amgen (AMGN), Phillips 66 (PSX), eBay (EBAY), and Anheuser Busch Inbev SA (BUD). LIQUIDATED STAKES: Alibaba Group (BABA), Citigroup (C), EMC Corporation (EMC), Anglo American (AAL), and Williams Companies (WMB).
07:56 EDTUAL, DALNational Press Club to hold a luncheon meeting
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May 14, 2015
18:30 EDTUALUnited Airlines launches security flaw 'bounty' program
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15:46 EDTLUVSouthwest announces new service to Liberia, Costa Rica
Southwest Airlines extended its bookable flight schedule through Jan. 4, 2016, offering new international service between eight cities and Houston by the end of this year, including Daniel Oduber Quiros International Airport at Liberia in the Guanacaste beach and resort region of northwest Costa Rica, subject to foreign government approval.
13:19 EDTUALUnited Continental sees FY15 capacity up 1%-2% y/y, non-fuel CASM flat to up 1%
Says plans to improve long-term shareholder value include: Optimizing network and maintaining capacity discipline, executing on revenue initiatives, growing CASM less than inflation, balancing cash flow allocation. Current network priorities include: Growing capacity in line with demand, re-allocating assets across network to reflect changing demand levels due to low oil, strong U.S. dollar, utilizing flexible fleet plan, focusing capacity growth in high-yield corporate markets. Sees FY15 capacity growth 1%-2% y/y. Says on track to achieve $1B in non-fuel annual savings by 2017. Sees CapEx averaging $2.7B-$2.9B over next 3-4 years. Plans to achieve ~$15B gross debt target, improve leverage ratios. Sees FY15 non-fuel CASM flat to up 1%. Comments from slides that will be presented at the Bank of America Merrill Lynch Transportation Conference.
10:01 EDTJBLUJetBlue to launch new service to Ecuador in early 2016
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06:26 EDTUALAerCap to lease up to 25 planes to United Continental, Reuters says
AerCap (AER) will lease up to 25 planes to United Continental (UAL), the airlines announced yesterday, according to Reuters. Eleven of the planes will be delivered over the next two years, and the airlines can lease up to 14 more through 2020, subject to certain conditions, the news service stated. Reference Link
06:14 EDTUAL, JBLU, LUV, DALQatar Airways CEO accuse US airlines of using 'bullying tactics', Bloomberg says
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May 13, 2015
19:42 EDTDALDelta Air Lines shares can rise 50%, Barron's says
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15:51 EDTLUVSouthwest, Meteorologists reach tentative contract agreement
Southwest Airlines and the Transport Workers Union of America 550, which represents the company's Meteorologists, announce they have reached a tentative agreement on the group's first-ever contract. Terms of the four-year deal include adjusted wage-scale step increases, as well as opportunities for bonuses that are linked to individual and company performances. The agreement carries an amendable date of June 1, 2019, and is subject to membership ratification.
12:39 EDTDALOn The Fly: Top stock stories at midday
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11:20 EDTLUVSouthwest CEO says balance sheet, liquidity remain strong
Gary Kelly, Chairman of the Board, President, and CEO, stated: "Our balance sheet and liquidity remain strong with cash and short-term investments of approximately $3.2 billion, and a fully available unsecured revolving credit line of $1 billion. We remain the only investment grade U.S. airline by all three credit agencies. Our debt levels are modest, and we continue to prudently manage our invested capital."
11:18 EDTLUVSouthwest sees FY15 ASM growth approximately 7%; FY16 ASM growth 6%-7%
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11:15 EDTLUVSouthwest sees FY15 CapEx approximately $1.8B
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11:12 EDTLUVSouthwest raises dividend 25%, announces new $1.5B share repurchase plan
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11:10 EDTLUVSouthwest raises dividend 25%, announces new $1.5B share repurchase plan
09:56 EDTDALEquity options with increasing volume
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09:50 EDTDALDelta Air Lines rallies after boosting dividend, buyback program
Shares are up over 3.5% to $47.72 at time of writing. At that price next resistance is at $49.19. Support is at $47.28.
09:34 EDTDALDelta Air Lines raises 2015-2017 EPS growth outlook to 15%-plus
Delta Air Lines in presentation slides raised its 2015-2017 earnings growth outlook to 15%-plus from 10%-15%. Delta raised its 2015-2017 operating margin guidance to 14%-16% from 11%-14%. It sees return on invested capital 20%-25% versus a prior outlook of 15%-18%. The airliner also raised its operating cash flow outlook to $7B-$8B from $6B. "Strong progress drives the third upward revision to our targets in three years," Delta said in the slides. It added, "Strong operating cash flow, combined with disciplined capital spending, produces sustainable free cash flow of $4-5 billion annually."
09:21 EDTDALOn The Fly: Pre-market Movers
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07:13 EDTDAL, JBLUBofA/Merrill to hold a conference
2015 Transportation Conference is being held in Boston on May 13-14.
07:04 EDTDALDelta Air Lines to return additional $6B to shareholders through 2017
Delta's board announced a new $5B share repurchase program, to be completed no later than December 31, 2017. In addition, the company's quarterly dividend will increase by 50% to 13.5c per share beginning in the September 2015 quarter. These two programs are expected to return more than $6B to shareholders through 2017. The company also announced that it is on track to complete the remaining $725M of its prior $2 billion share repurchase authorization by June 30. When this authorization is completed, Delta will have returned a total of $3B in dividends and share repurchases since announcing its initial program two years ago. Going forward, the company intends to return at least 50% of free cash flow to shareholders through 2017. The new $5B repurchase authorization and 50% increase to the quarterly dividend approved by Delta's board are expected to return more than $6B to shareholders through 2017. Delta ended the March 2015 quarter with $7.4B of adjusted net debt, a reduction of $2B since the end of 2013 and roughly $10B since the company began its debt reduction efforts in 2009. The company has set a target to achieve and maintain $4B of adjusted net debt by year end 2017. This debt level is expected to result in annual net interest expense of ~$200M, a $1.1B reduction compared to 2009. Since 2009, Delta has increased its pension plan assets by $1.7 billion, net of $5.2 billion in distributions, through a combination of contributions and asset returns. The company plans to maintain its current $1 billion annual funding level through 2020, with a goal of achieving 80% funded status by that date. Delta made a one-time additional $200M contribution in 2015, for a total contribution of $1.2B for the year, to keep the company on track to achieve its 2020 target.
May 12, 2015
18:30 EDTLUVSouthwest pilots union begins strike preparedness, says 'time for a deal'
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16:08 EDTJBLUJetBlue reports April traffic up 9%
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May 11, 2015
16:00 EDTDALOptions Update; May 11, 2015
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08:02 EDTUALUnited removes autistic teen from flight, mother says will sue, ABC News says
An Oregon woman, her husband, and their autistic daughter were removed from a United Airlines flight to Portland after the plane made an emergency landing in Salt Lake City. The woman claims the flight crew discriminated against her daughter for being autistic and she intends to sue the airline, reports ABC News. Reference Link
07:28 EDTUALUnited Continental raises Q2 average fuel price per gallon view to $2.17-$2.22
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May 8, 2015
17:02 EDTUALUnited Continental reports April traffic up 0.4%, capacity up 2.7%
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15:07 EDTUAL, DALThe National Press Club holds a luncheon meeting
The National Press Club holds a Luncheon Meeting with guest speakers Richard Anderson, CEO of Delta Air Lines, W. Douglas Parker, CEO of American Airlines Group and Jeff Smisek, CEO of United Airlines to speak jointly on "Restoring Fair Competition to the Skies" in Washington,D.C. on May 15 at 12:30 pm.
08:34 EDTLUVSouthwest added to U.S. Focus List at Credit Suisse
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