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Stock Market & Financial Investment News

News Breaks
July 9, 2014
08:49 EDTLUVSouthwest reports June traffic up 2.2%, PRASM up estimated 7%-8%
Southwest Airlines flew 10.1B revenue passenger miles in June, up 2.2% vs. 9.8B RPMs flown in June. Available seat miles increased 0.9% to 11.7B from the June 2013 level of 11.6B. June load factor was 86.1% vs. 85.0% in June 2013. For June 2014, passenger revenue per ASM is estimated to have increased 7%-8% vs. June 2013.
News For LUV From The Last 14 Days
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May 28, 2015
06:25 EDTLUVRecent airlines selloff 'meaningfully misguided,' says Imperial Capital
Imperial Capital analysts Bob McAdoo and Scott Buck attribute the recent pullback in shares of airliners to management comments regarding capacity growth and pricing by Southwest (LUV), Spirit (SAVE) American (AAL) and others. The analysts call the selloff "meaningfully misguided," as they believe management teams have not lost discipline amid lower jet fuel prices and that fare matching is nothing new. Most current capacity levels were planned well before the decline in jet fuel prices, McAdoo and Buck point out in a research note to investors. Following the pullback, the analysts see potential opportunity in American, Delta (DAL), JetBlue (JBLU), Southwest, Spirit and United Continental (UAL).
May 21, 2015
10:01 EDTLUVGoldman reiterates Attractive view on US Airlines
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09:03 EDTLUVOptions expected to be active
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08:28 EDTLUVAirline fundamental outlook little changed despite selloff, says Cowen
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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 EDTLUVOn The Fly: Top stock stories for Wednesday
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16:00 EDTLUVOptions 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 EDTLUVAirlines fall as analysts grapple with concerns over capacity growth
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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.
12:08 EDTLUVSouthwest volatility increases as shares pullback
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11:56 EDTLUVSterne Agee CRT recommends aggressively adding to airline positions
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10:16 EDTLUVFollow-up: Southwest downgraded on worsening backrop at Buckingham
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10:01 EDTLUVOptions 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.
09:24 EDTLUVSouthwest downgraded to Neutral from Buy at Buckingham
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May 19, 2015
17:49 EDTLUVSouthwest CFO sees Q2 PRASM declining 3%
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07:11 EDTLUVWolfe Research to hold a conference
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May 18, 2015
06:09 EDTLUVTrade group sees airlines carrying record passenger loads this summer, WSJ says
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May 14, 2015
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.
06:14 EDTLUVQatar Airways CEO accuse US airlines of using 'bullying tactics', Bloomberg says
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