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Stock Market & Financial Investment News

News Breaks
January 24, 2014
14:17 EDTLUVSouthwest upgraded to Peer Perform from Underperform at Wolfe Research
News For LUV From The Last 14 Days
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January 23, 2015
16:55 EDTLUVMarket ends week higher after ECB announces bond purchase plan
Stocks finished higher for the week after the European Central Bank unveiled a larger than expected bond buying plan and earnings season in the U.S. picked up steam. MACRO NEWS: The European Central Bank announced that it would buy EUR 60B of government and private bonds per month through September 2016. Reports before the ECB's official announcement had suggested that the central bank would buy EUR 50B of bonds per month... On a negative note, the International Monetary Fund cut its 2015 global growth outlook to 3.5% from 3.8%... U.S. economic data was mixed, as weekly jobless claims and sales of existing homes in December were worse than expected, but the index of leading economic indicators and new housing permits for December came in above the consensus outlook. COMPANY NEWS: Netflix (NFLX), Starbucks (SBUX), firearm maker Smith & Wesson (SWHC), and Southwest Airlines (LUV) were among the companies whose stocks rose following their results and guidance. On the other side of the ledger, Johnson & Johnson (JNJ), IT management solution provider CA Technologies (CA), UPS (UPS), and application delivery networking products maker F5 Networks (FFIV) were among the companies that fell after they reported their earnings or updated their financial outlooks... M&A reports moved a number of stocks this week. The Financial Post reported that Samsung (SSNLF) had hired investment bank Evercore (EVR) to evaluate a purchase of the troubled Canadian company. Samsung is still considering purchasing BlackBerry (BBRY), the newspaper added. However, Canada's BNN reported that Evercore said that Samsung has not been a recent client of theirs and that they prepare ideas "routinely" on their "own accord." Avon (AVP) has held talks about a potential sale to private equity firm TPG Capital, dealReporter stated. Bloomberg reported that online travel agency Orbitz Worldwide (OWW) is working with an adviser to contact potential buyers and has drawn interest from private-equity funds and other Internet companies... DreamWorks Animation (DWA) tumbled after announcing a new strategic plan that will see it cut its feature production from three films per year down to two and axe about 500 jobs. INDEXES: For the week, the Dow dipped 0.37% to 17,672.60, the Nasdaq rose 1.14% to 4,757.88, and the S&P gained 0.34% to 2,051.82.
07:26 EDTLUVSouthwest price target raised to $65 from $60 at Stifel
Stifel increased its price target on Southwest after the company reported higher than expected Q4 EPS. The firm says that the company's results were solid, while its outlook is healthy. The firm expects the company to use its savings from lower fuel costs to increase its share repurchases and dividend. Stifel keeps a Buy rating on the shares.
06:39 EDTLUVAirlines unlikely to cut fares despite 'enormous' savings, Reuters says
U.S. airlines said they expect to obtain "enormous" savings in 2015 from the decline in oil prices, according to Reuters. The airlines indicated that they would use the savings to pay down debt and return cash to shareholders, while refraining from cutting fares, the news service stated. Publicly traded companies in the space include American Airlines (AAL), Delta Air Lines (DAL), JetBlue (JBLU), Southwest (LUV) and United Continental (UAL). Reference Link
05:53 EDTLUVSouthwest price target raised to $64 from $48 at Imperial Capital
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January 22, 2015
16:27 EDTLUVOn The Fly: Closing Wrap
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13:47 EDTLUVSouthwest says interested in possible flights to Cuba
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13:35 EDTLUVSouthwest says 'well-protected' by hedging program through 2017
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12:56 EDTLUVSouthwest sees flat PRASM growth in Q1
Sees January PRASM "down slightly," y/y. Sees full year fuel cost at $1.95-$2.05 per gallon, and says would save $1.7B on fuel at those prices. Expects to participate in 90% of fuel price fall in 2015. Says continues to generate strong free cash flow. Sees 2015 CASM down 1%-2%, ex-fuel, items, profit sharing. Sees 2015 CapEx $1.6B-$1.7B. Says "couldn't be more thrilled" with close of 2014. Comments from company's Q4 earnings conference call.
12:39 EDTLUVSouthwest says earnings outlook 'superb,' business remains 'strong, steady'
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12:28 EDTLUVOn The Fly: Midday Wrap
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11:57 EDTLUVAirline rally continues after companies report results
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09:16 EDTLUVOn The Fly: Pre-market Movers
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08:34 EDTLUVSouthwest sees Q1 economic fuel costs to be $1.90 per gallon
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08:33 EDTLUVSouthwest sees Q1 passenger revenue to grow in line with expected 6% increase
08:32 EDTLUVSouthwest reports Q4 revenue per available seat mile up 2%
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08:31 EDTLUVSouthwest reports Q4 EPS excl items 59c, consensus 55c
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January 21, 2015
15:27 EDTLUVNotable companies reporting before tomorrow's open
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January 20, 2015
15:36 EDTLUVSouthwest volatility elevated into Q4
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06:39 EDTLUVU.S. airlines may buy back shares amid cheap oil, WSJ reports
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January 15, 2015
14:03 EDTLUVSouthwest fined $1.6M by U.S. DOT for violating tarmac delay rule
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