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Stock Market & Financial Investment News

News Breaks
January 24, 2014
11:58 EDTDAL, UAL, ALK, JBLU, LUVFirm 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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July 23, 2015
10:45 EDTUALUnited Continental says revenue hurt by oil and gas industry weakness
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10:45 EDTUALUnited Continental sees FY15 consolidated capacity to grow 1%-1.5%
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10:43 EDTUALUnited Continental reports Q2 corporate revenue down 5%
10:43 EDTUALUnited Continental sees Q3 unit revenue to decline 5%-7%
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10:37 EDTUALUnited Continental says Q2 was challenging due to weather, maintenance spike
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10:36 EDTUALUnited Continental expects Q3 pre-tax margin 13.5%-15.5%
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09:13 EDTLUVOn The Fly: Pre-market Movers
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08:15 EDTALKAlaska Air reports Q2 revenue passengers up 9.1% to 8.02M
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08:13 EDTALKAlaska Air reports Q2 adjusted EPS $1.76, consensus $1.73
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07:34 EDTUALUnited Continental announces additional $3B share repurchase program
Jeff Smisek, UAL's chairman, president and CEO, said, "The $3B share repurchase program we announced today demonstrates the confidence we have in our future. We will continue to invest in our customers, assets and our people, and remain committed to improving our balance sheet, expanding our margins and improving our return on invested capital, and expect our third quarter pre-tax margin to be between 13.5%-15.5%, excluding special items." The company expects to complete the additional $3B share repurchase program by the end of 2017.
07:32 EDTUALUnited Continental reports Q2 EPS ex-items $3.31, consensus $3.31
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07:16 EDTLUVChase Card Services, Southwest announce extension to co-branded card agreement
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07:15 EDTLUVSouthwest sees FY15 ASMs up 7%
Southwest said: "Overall, our network performance is exceptional. For this year, we are growing our ASMs approximately 7%, year-over-year. The annualized impact of our 2015 expansion is expected to contribute the majority of 2016's year-over-year capacity growth. As we continue to optimize our network, we are currently planning to grow our total 2016 ASMs in the 5%-6% range, year-over-year, with the goal to sustain strong margins and ROIC levels in line with 2015."
07:14 EDTLUVSouthwest sees Q3 unit revenues down 1%
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07:13 EDTLUVSouthwest reports Q2 EPS ex-items $1.03, consensus $1.02
Reports Q2 revenue $5.11B, consensus $5.14B. Reports year-over-year increase in available seat miles, or ASMs, of 7% and 84.6% load factor.
July 22, 2015
19:19 EDTDALDelta union leader to step down, AP says
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15:26 EDTLUV, UALNotable companies reporting before tomorrow's open
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15:09 EDTLUVSouthwest technical preview ahead of earnings
The shares have been in a downtrend since March of this year, defined by the 50-day moving average as the downtrend resistance line. If the news is bearish, the downtrend could extend. Next supports to watch below the current price of $35 are at $32.62, $30.63, and $28.18. If the news is bullish, the 50-day is the first significant resistance level to watch on the upside, last at $35.71. A breakout above the 50-day would turn the short-term trend bullish with next resistance at $37.47. Additional resistance levels to watch as potential upside objectives would be at $38.75 and $39.51.
10:58 EDTLUVSouthwest July weekly volatility elevated into Q2 and outlook
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July 20, 2015
13:27 EDTUALUnited Continental 'congratulates' U.S., Cuba on reopening of emabssies
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