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Stock Market & Financial Investment News

News Breaks
January 24, 2014
11:58 EDTALK, JBLU, LUV, DAL, UALFirm says airline stocks should be bought on weakness
Research firm Cowen recommends buying shares of airline stocks in the wake of the sector's weakness. WHAT'S NEW: In a note to investors earlier today, Cowen recommended buying airline stocks, even though the firm said a number of companies in the sector have provided weak guidance on Passenger Revenue per Available Seat Mile, or PRASM, for the first quarter of this year. Noting that United Continental (UAL), Southwest Airlines (LUV), and Alaska Airlines (ALK) all reported better than expected results, the firm thinks the outlook for the industry is "very much intact." Southwest Airlines, Alaska Airlines, and United Continental all have upcoming positive catalysts, the firm added. Cowen kept Outperform ratings on Southwest and Delta Air Lines (DAL). WHAT'S NOTABLE: One prominent company in the sector that still hasn't reported its fourth quarter results is JetBlue (JBLU), which is slated to announce its earnings on January 29. PRICE ACTION: In late morning trading, United Continental dropped 3.7% to $46.63, Southwest Airlines fell 1.3% to $20.98, Alaska Air fell 1.4% to $80.20, Delta dropped 4.3% to $31.10, and JetBlue declined 3.3% to $8.93.
News For UAL;LUV;ALK;DAL;JBLU From The Last 14 Days
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January 29, 2016
17:11 EDTLUVBoeing 737 MAX 8 on track for first delivery to Southwest in 3Q17
The Boeing (BA) 737 MAX 8 took to the skies for the first time this afternoon. The 737 MAX program achieved the milestone on schedule which begins a comprehensive flight-test program leading to certification and delivery. With the latest technology LEAP-1B engines from CFM International and Boeing-designed Advanced Technology winglets, the first member of the efficient 737 MAX family completed a two-hour, 47-minute flight, taking off from Renton Field in Renton, Wash., at 9:46 a.m. local time and landing at 12:33 p.m. at Seattle's Boeing Field. With the other three members of the 737 MAX 8 flight-test fleet currently in different stages of final assembly, the 737 MAX remains on track for first delivery to Southwest Airlines in the third quarter of 2017.
16:00 EDTDALOptions Update; January 29, 2016
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10:05 EDTJBLUOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: Atlassian (TEAM) upgraded on positive outlook at JMP Securities... BRF S.A. (BRFS) upgraded to Buy from Hold at Deutsche Bank... Bank of America (BAC) upgraded to Outperform from Sell at CLSA... CEMEX (CX) upgraded to Buy from Hold at Jefferies... Chemical Financial (CHFC) upgraded to Outperform from Market Perform at Fig Partners... Computer Programs (CPSI) upgraded to Buy from Hold at Topeka... DST Systems (DST) upgraded to Outperform at Baird... Diamond Offshore (DO) upgraded to Neutral from Sell at Citi... First Cash Financial (FCFS) upgraded to Buy from Neutral at Janney Capital... First Merchants (FRME) upgraded to Overweight from Equal Weight at Stephens... Flex (FLEX) upgraded on solid results at Stifel... Intercept (ICPT) upgraded to Equal Weight from Underweight at Morgan Stanley... J.C. Penney (JCP) upgraded to Neutral from Underperform at Credit Suisse... JetBlue (JBLU) upgraded to Buy from Hold at Evercore ISI... Juniper (JNPR) upgraded to Outperform from Market Perform at Bernstein... Live Oak Bancshares (LOB) upgraded to Buy from Neutral at SunTrust... Microsemi (MSCC) upgraded to Outperform from Market Perform at Wells Fargo... NetSuite (N) upgraded to Buy from Hold at Canaccord... NextEra Energy (NEE) upgraded to Outperform at Baird... Oshkosh (OSK) upgraded to Buy from Neutral at SunTrust... PC Connection (PCCC) upgraded to Market Perform from Underperform at Raymond James... Pinnacle Financial (PNFP) upgraded to Overweight from Equal Weight at Stephens... Potash (POT) upgraded to Outperform from Sector Perform at Scotiabank... Rayonier (RYN) upgraded on valuation at BMO Capital... SanDisk (SNDK) upgraded to Buy from Hold at Needham... Select Comfort (SCSS) upgraded to Outperform from Neutral at Wedbush... Sotherly Hotels (SOHO) upgraded to Buy from Neutral at Janney Capital... Textura (TXTR) upgraded to Outperform from Market Perform at Northland... Valley National (VLY) upgraded to Buy from Hold at Sandler O'Neill.
06:26 EDTDAL, UAL, LUVAmerican Airlines stock price too low, WSJ says
The sharp drop in oil prices has come to the benefit of the four major U.S. airline carriers, which account for approximately 80% of the domestic air-travel market, Steven Russolillo of the Wall Street Journal's Ahead of the Tape reports. United Continental (UAL) and Southwest Airlines (LUV) already reported record Q4 earnings, and Delta (DAL) recently reported a quarterly profit as well, the report says. American Airlines (AAL) is slated to reported Q4 results, which are expected to be upbeat, the Journal says. The stock prices of such companies, however, suggests that investors aren't experiencing the full benefits due to weakness with the industry's boom-and-bust nature, the report says. American Airlines's share price, in particular, is too low, and its stock has fallen too much relative to competitors ahead of quarterly results, the report says. Reference Link
05:39 EDTJBLUJetBlue upgraded to Buy from Hold at Evercore ISI
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January 28, 2016
11:18 EDTJBLUOptions with increasing put volume
Options with increasing put volume: DRII SNE LH CAVM KSS UCO ILMN JBLU AVT SWK JNPR RRC CL HES
11:04 EDTUALBoeing reports 40 new orders since last update
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10:37 EDTJBLUJetBlue says hasn't seen a measurable impact from Zika virus on bookings
Says hasn't seen a measurable impact from Zika virus on bookings, refunds. Says watching news on Zika virus very closely, says offering refunds on tickets to select countries.
10:29 EDTJBLUJetBlue says 'very bullish' on A321
10:25 EDTJBLUJetBlue sees January RASM positively impacted by 2 pts as a result of Jonas
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07:33 EDTJBLUJetBlue ses Q1 capacity up 14%-16% in Q1, 8.5%-10.5% for FY
The company's outlook does not include the impact of Winter Storm Jonas, which caused over 900 flight cancellations within the last week. For the first quarter of 2016, change in CASM excluding fuel and profit sharing is expected to be between 0.0% and negative 2.0% versus the year-ago period. Excluding fuel and profit sharing, CASM for the full year 2016 is forecasted to grow between zero and two percent year over year. Capacity is expected to increase between 14% and 16% in the first quarter 2016 and between 8.5% and 10.5% for the full year. Severe winter weather caused a significant number of flight cancellations in the first quarter of 2015. This increases JetBlue's 2016 capacity growth rate compared to a scheduled versus scheduled basis by about 2.5% in the first quarter and 0.5% for the full year.
07:32 EDTJBLUJetBlue says has no hedges in place for Q1, Q2
In the fourth quarter JetBlue had hedges in place for approximately 14% of its fuel consumption. This resulted in a realized fuel price of $1.68 per gallon, a 37.8% decrease versus fourth quarter 2014 realized fuel price of $2.70. JetBlue recorded $33 million in losses on fuel hedges settling during the fourth quarter. JetBlue continues to have no hedges in place for the first and second quarters of 2016. Based on the fuel curve as of January 15th, JetBlue expects an average price per gallon of fuel, including the impact of fuel taxes, of $1.12 in the first quarter. Beyond the second quarter, JetBlue has hedged about 10% of its expected second half of the year 2016 fuel consumption.
07:31 EDTJBLUJetBlue reports Q4 EPS 56c, consensus 51c
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January 27, 2016
14:34 EDTJBLUNotable companies reporting before tomorrow's open
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09:18 EDTLUVPoints International announces renewal, extension of partnership with Southwest
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January 26, 2016
18:00 EDTUALPAR Investment Partners reports 2.4% stake in United Continental
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16:37 EDTUALAltimeter Capital reports 3.1% stake in United Continental, will continue talks
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10:53 EDTJBLUJetBlue adding new transcontinental routes from Boston, Fort Lauderdale
JetBlue announced it is further expanding its presence in its Boston and Fort Lauderdale-Hollywood focus cities with the addition of two new transcontinental routes. Flights between Boston Logan International Airport and Salt Lake City International Airport will begin Thursday, May 12. Flights between Fort Lauderdale-Hollywood International Airport and San Diego International Airport will begin Thursday, June 16. Both routes will operate year-round, JetBlue said.
09:07 EDTLUVSouthwest announces retirement of Chief Marketing Officer Kevin Krone
Southwest Airlines announced that Kevin Krone, Vice President & Chief Marketing Officer will retire from the carrier, effective Feb. 15, 2016.
09:02 EDTJBLUMasterCard says JetBlue to accept digital payments with MasterPass
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