More From Anirudha Bhagat
Bank of America’s Q3 Revenues Surpassed Wall Street Estimates
Bank of America (BAC) reported third-quarter revenues of $22.8 billion, surpassing Wall Street’s forecast of $22.7 billion.
How Analysts View American Airlines ahead of Q1 Results
American Airlines (AAL), the fourth-largest US air carrier, is expected to report its first-quarter 2019 results on April 24.
What to Expect from Bank of America’s Third-Quarter Earnings
Bank of America (BAC) plans to report its third-quarter results on October 15.
Southwest Airlines: Analysts’ Q4 Expectations
Southwest Airlines’ third-quarter revenues rose 5.1% YoY to $5.6 billion. The company’s EPS grew 22.7% YoY to $1.08.
Analysts See Strong Double-Digit Growth in United Airlines Stock
United Airlines (UAL) stock could be an intriguing choice for investors, according to Wall Street analysts.
How Norfolk Southern’s Rail Traffic Trended in Week 19
Norfolk Southern’s (NSC) rail traffic inched down 1% YoY (year-over-year) in Week 19.
Norfolk Southern’s Intermodal Volumes Improved in Week 11
Norfolk Southern’s (NSC) overall rail freight traffic inched up 0.3% YoY (year-over-year) in Week 11.
Worldwide 737 MAX Grounding Is Hurting Boeing’s Jet Deliveries
Shipments of Boeing’s (BA) fast-selling 737 MAX jets have frozen since the Ethiopian Airlines crash on March 10, which has negatively impacted overall deliveries. The company registered a 56% year-over-year decline in its commercial airplane deliveries in May.
Can Citigroup Keep the Earnings Streak Alive in Q3 2018?
Citigroup (C) is scheduled to report its third-quarter earnings results on October 12.
DAL’s Transatlantic Focus Boosts Its Revenue in Q3
On October 11, Delta Air Lines released its third-quarter results. The company’s adjusted EPS of $1.83 came in ahead of analysts’ expectations by $0.09 and registered a whopping 16.6% YoY (year-over-year) increase.
Norfolk Southern’s Aggressive Shareholder Return Plan
Norfolk Southern (NSC) has always tried to enhance shareholders’ wealth through dividend payments and share repurchases.
What Drove Morgan Stanley’s Third-Quarter Earnings?
On October 16, Morgan Stanley (MS) shares were trading ~2% higher during the pre-market trading session.
General Electric Stock Traded near Its Ten-Year Low
On December 7, General Electric’s closing price was $7.01. Currently, the stock trades near its ten-year low of $6.66.
Kansas City Southern Stock Rises on Upbeat Q1 Earnings
Kansas City Southern stock rose 3.4% in premarket trading on April 17 after it reported better-than-expected results for the first quarter.
Analysts Maintain Bullish Views on Most Airline Stocks
Analysts recommend “buy” for most airline stocks. Goldman Sachs’ (GS) top picks are American Airlines (AAL) and Spirit Airlines (SAVE), and Credit Suisse’s (CS) favorites are Alaska Air Group (ALK) and Southwest Airlines (LUV).
American Airlines: What Could Affect Its Q1 Earnings
Analysts expect American Airlines to report an adjusted EPS of $0.51—down 32.4% on a YoY (year-over-year) basis.
TripAdvisor Fell ~5% after Its Q4 Earnings
TripAdvisor (TRIP) shares fell ~5% during after-hours trading on February 12. The company reported lower-than-expected bottom-line results.
Bullish US Manufacturing Data Ease Fears of a Downturn
Bullish manufacturing data released by the ISM eased the concerns about a US economic slowdown. US manufacturing activities improved in March.
Airlines Could See Margin Expansion in 2019
In November, the rally in airline stocks was driven by positive remarks on the entire industry from Goldman Sachs (GS) and Credit Suisse (CS).
BofA Cut Boeing Target Price Due to Rising MAX Uncertainty
On Monday, Bank of America analyst Ronald Epstein lowered his target price on Boeing stock by $10 to $360. However, he maintained his “neutral” rating.
JetBlue Airways Stock Gained ~5% on Citigroup’s Rating Upgrade
JetBlue Airways (JBLU) stock rose 4.6% on June 11 after Citigroup (C) turned bullish on the airline and raised the target price as well.
GE Stock Gains on Asset Divestment Announcement
General Electric (GE) gained ~1.8% yesterday after the company demonstrated its intent to improve its liquidity position.
United Rentals Gains 4% on Strong Q4 Earnings and 2019 Outlook
United Rentals (URI) stock gained 4.3% during after-hours trade yesterday after the company announced strong fourth-quarter results.
FedEx Tax Bill: CEO Challenges New York Times’ Claims
FedEx (FDX) CEO Frederick Smith slammed the New York Times for its story about FDX’s tax bill. In a statement, Smith challenged the publisher to a debate.
Boeing Stock: Worst Weekly Fall since 2016
Boeing stock fell 10.3% last week—the biggest weekly loss in the last three years. The stock fell 11.4% during the week ending February 12, 2016.
How TripAdvisor’s Top Line Performed in the First Quarter
TripAdvisor (TRIP) reported a dismal top-line performance for the first quarter.
Global Expansion, Buyout Strategies to Aid Equinix’s Q2 Revenues
Equinix’s expansion strategy has contributed $336.0 million to its first-quarter total revenues of $1.22 billion.
Extra Space Storage Continues to Enhance Shareholder Wealth
Since its conversion to an REIT in 2004, Extra Space Storage (EXR) has paid regular quarterly cash dividends to its shareholders.
Crown Castle’s Q3 2018 Earnings Driven by 5G, Mobile, Internet
Crown Castle (CCI) is set to report Q3 2018 results on October 17. Expanding its small-cell footprint could drive its top and bottom lines.
Assessing Equinix’s Valuations against Its Competitors
Based on market capitalization, Equinix is the world’s largest data center REIT with a market value of $35.2 billion.
United Rentals: What Could Drive Its Q4 Earnings?
United Rentals (URI) is scheduled to report its fourth-quarter results on January 23.
Equinix’s Q2 Earnings: AI, IoT Driving Demand for Data Centers
Equinix (EQIX) plans to report its Q2 results on August 8. Wall Street expects the global data center operator to post revenues of $1.26 billion.
Airline Stocks in Focus as US Airstrike Lifts Oil Prices
The US airline stocks are in focus as crude oil prices soar after the US assassinated a top Iranian military commander last Thursday night.
FedEx Stock Soars on US-China Trade Deal Optimism
FedEx stock soared yesterday on hopes of a US-China trade deal after US commerce secretary Wilbur Ross said the two sides are “making good progress.”
Delta: What to Expect from Its Q1 Earnings
Delta Air Lines (DAL) is scheduled to report its first-quarter earnings results on April 10.
United Airlines’ Q4 EPS Are Expected to Jump ~43%
United Airlines (UAL) is scheduled to report its fourth-quarter earnings results on January 15.
GE Was Worst Performer in the Industrial Sector Last Year
The free fall in GE stock that started in 2017 continued throughout 2018.
Canadian Pacific: Highest Intermodal Unit Decline in Week 8
Canadian Pacific Railway’s (CP) total rail traffic fell 3% YoY to 47,392 railcars in week 8 from 48,873 railcars in the same week in 2018.
Argus Downgrades Boeing on Poor Response to Two 737 MAX Crashes
Boeing (BA) lost a long-term bullish backer today, with Argus Research downgrading its rating for the stock to “hold” from “buy.”
Strong Commercial Airplane Shipments to Drive Boeing’s Q4 Revenue
Wall Street analysts expect Boeing to report revenue of $26.95 billion, 6.2% higher than its revenue of $25.15 billion in the previous year’s quarter.
Booking’s Prepaid Business Model Drove Q4 Revenues Higher
Booking Holding’s (BKNG) fourth-quarter 2018 revenues jumped 14.6% YoY to $3.2 billion.
How Wall Street Views Boeing at the End of 2018
Wall Street analysts have provided a consensus “buy” recommendation with a consensus ~1.92 rating for Boeing (BA) stock.
Wall Street Remains Bullish on Citigroup Stock
Analysts are bullish about Citigroup (C) and foresee mid-teen growth in its stock price from its current level.
Wall Street Recommendations: Alaska, Delta, and United Airlines
Analysts are bullish on the entire airline industry (JETS) and have provided “buy” recommendations on all three of Credit Suisse’s (CS) “outperform”-rated stocks United Continental (UAL), Delta Air Lines (DAL), and Alaska Air Group (ALK).
Analyzing Norfolk Southern’s Rail Traffic Performance in Week 14
Norfolk Southern’s (NSC) rail freight traffic grew 3% YoY in Week 14 to 154,293 railcars from 149,798 railcars.
Core Banking to Continue Supporting JPMorgan’s Growth in Q3 2018
The Commercial Banking segment is likely to continue driving JPMorgan Chase’s (JPM) revenue mainly due to the higher interest rate spread.
Southwest Airlines Stock Gained over 5% Last Week
Southwest Airlines (LUV) shares gained over 5% last week, which helped the stock end the first quarter with a cumulative gain of 11.7%.
Boeing to Feel the Pinch of Escalating US-China Trade Tensions
According to media reports, the latest announcement from Chinese officials may also affect Boeing’s (BA) orders.
What Analysts’ Ratings Suggest for the Top Five US Banks
The top five US banks—JPMorgan Chase (JPM), Bank of America (BAC), Wells Fargo (WFC), Citigroup (C), and Goldman Sachs (GS)—all received bullish ratings from analysts.
Should Investors Buy Ford Stock Right Now?
Ford Motor (F) is one of the few US publicly traded auto stocks with attractive returns this year. With a 17% year-to-date gain, the stock has outperformed most of its peers.
What to Expect for Boeing’s Q3 Earnings amid MAX Crisis
Boeing (BA) is set to report its Q3 earnings results on October 23. Reuters-polled analysts foresee more dismal financial results for the company.
Ford Enhances Shareholders’ Wealth with Dividend Payout
Continuing with the strategy of enhancing shareholders’ wealth, Ford Motor Company (NYSE:F) declared a dividend for the first quarter of 2020.
Tesla Stock Soars after Argus Raises Target Price
Tesla stock jumped nearly 4% yesterday after prominent Wall Street analyst Bill Selesky significantly raised his target price.
Boeing Faces More Trouble after New 737 Crash in Iran
A Ukrainian Boeing 737–800 aircraft crashed today within minutes after takeoff from Iran’s Imam Khomeini International Airport.
American Strikes MAX Compensation Deal with Boeing
American Airlines (AAL) strikes a confidential compensation deal with Boeing (BA) regarding losses caused by the 737 MAX grounding in 2019.
AutoZone Stock: Why Wedbush Turned Cautious
AutoZone (AZO) stock fell nearly 2% yesterday after Wedbush analyst Seth Basham reduced his rating on the stock to “neutral” from “outperform.”
Ford Q4 US Sales Dip Due to Weak Passenger Car Demand
Ford reported yet another quarter of dismal sales results on Monday. The company’s total vehicle sales in the domestic market fell 1.3% YoY to 601,862 units.
Boeing Reportedly to Raise Debt as MAX Crisis Worsens
Boeing (BA) is considering raising its debt as the grounding of its 737 MAX has stretched into 2020, reported The Wall Street Journal this morning.
General Motors Stock Fell Due to Lower Q4 Vehicle Sales
General Motors (GM) stock fell nearly 3% on January 3 after it released dismal sales data for the fourth quarter of fiscal 2019.
Why Airline Stocks Missed 2019 Broader Market Rally
Airline stocks were among the few industries that lagged last year’s broader market rally. The broader US stock market had a remarkable run last year.
United Airlines Stock Gains on Evercore Rating Upgrade
United Airlines (UAL) stock gained nearly 2% on Thursday. Evercore ISI analyst Duane Pfennigwerth upgraded the stock to “outperform” from “in-line.”
Why Cannacord Thinks Tesla Stock Will Cross $500
Tesla stock soared this morning after a Canaccord Genuity analyst raised his target price by $140 to $515. Find out what could drive the stock past $500.
Boeing to Compensate Turkish Airlines for MAX Losses
Boeing (BA) has agreed to compensate Turkish Airlines for the losses caused by grounded and undelivered 737 MAX jets.
Cowen Expects Tesla to Miss 2019 Delivery Forecast
Tesla (TSLA) stock fell 4% this morning after Cowen analyst Jeffrey Osborne said the company could miss its 2019 delivery forecasts.
UPS Projects Record Returns on National Returns Day
United Parcel Service (UPS) expects to return a record 1.9 million packages on National Returns Day, up 26% year-over-year.
Tesla to Start Delivering China-Made Model 3 on Monday
Tesla (TSLA) will deliver its first China-built Model 3 sedan on December 30. The Shanghai facility is the company’s third Gigafactory.
Is It Time to Go Long on United Airlines Stock?
So far, United Airlines (UAL) stock has underperformed the broader markets and its top peers this year. The stock has risen about 6.5% this year.
Airbus Gets 100-Aircraft Order from Spirit Airlines
Airbus received firm orders for its 100 A320neo family aircraft from the US-based low-cost carrier Spirit Airlines (SAVE).
Argus Cautious over FedEx Near-Term Earnings Potential
Argus downgraded FedEx (FDX) over its near-term earnings potential. On Tuesday, analyst John Eade cut the stock to “hold” from “buy.”
Boeing Stock Falls after Starliner Mission Failure
Boeing (BA) stock fell 1.7% on December 20 after the company’s ambitious Starliner spacecraft program encountered a massive blow.
Electric Vehicle Startup Rivian Gets Fresh Funding
On Monday, Rivian announced that it completed a $1.3 billion investment round led by asset manager T. Rowe Price (TROW).
FedEx, UPS Stocks Up on Improving US-China Trade Ties
On Monday, FedEx (FDX) and United Parcel Service (UPS) stocks rose 2.4% and 1.3%, respectively, on hopes of improving US-China trade relations.
United Airlines Extends Boeing MAX Grounding until June
On December 20, United Airlines (UAL) announced that it removed all of the Boeing (BA) 737 MAX aircraft from its flying schedule through June 4.
Spirit AeroSystems to Halt 737 MAX Deliveries to Boeing
Spirit AeroSystems (SPR) stock fell 1% on December 20. The company announced that it will stop all 737 MAX deliveries to Boeing (BA) starting on January 1.
Ford Boosts Investment in Autonomous, Electric Vehicles
Ford is planning to invest over $1.45 billion in its two North American facilities in Michigan, with a focus on autonomous, electric, and big vehicles.
S&P Cut Boeing’s Credit Rating Due to MAX Uncertainty
On Thursday, S&P Global Ratings cuts its credit rating on Boeing (BA). S&P lowered its long-term rating on the company to “A-” from “A.”
Boeing MAX Crisis Deepens, Moody’s Cuts Debt Rating
On Wednesday, Moody’s downgraded Boeing’s (BA) debt rating. The ongoing troubles with the company’s best-selling 737 MAX aircraft got worse.
FedEx Loses Analysts’ Confidence on Weak Earnings
FedEx (FDX) stock faced rating and target price cuts following its dismal fiscal 2020 second-quarter earnings results and its pessimistic fiscal 2020 earnings outlook.
AutoZone Stock: Analysts’ Ratings and Target Prices
With a YTD (year-to-date) return of 45.7%, AutoZone (AZO) stock is the top performer among auto part retailers.
Boeing Halts MAX Production, Analysts Cut Target Price
On Monday morning, Boeing released a statement about suspending MAX production starting in January. The certification has been extended into next year.
FedEx Q2 Earnings: Trade War, Higher Costs Took a Toll
FedEx stock fell 7.2% during extended trading yesterday after the company reported lower-than-expected Q2 earnings and cut its fiscal 2020 outlook.
Amazon Stops Sellers from Using FedEx Ground Service
FedEx stock fell 1% yesterday on reports that Amazon is blocking third-party merchants from using FedEx’s Ground delivery services for Prime shipments.
Southwest Extends MAX Grounding, Updates Q4 Outlook
Today, Southwest Airlines (LUV) announced that it is removing all Boeing (BA) 737 MAX flights from its flying schedule through April 13.
Boeing Supplier Stocks Fall on MAX Production Cut News
Boeing (BA) and part supplier stocks fell sharply yesterday on reports of a temporary production halt for 737 MAX planes.
FedEx Q2 Earnings: What Can Investors Expect?
FedEx (FDX) will likely disappoint investors again. The company is scheduled to report its second-quarter earnings results on Tuesday.
Boeing Considering Production Cut or Halt for 737 MAX
Boeing (BA) is considering further cutting or even halting the production of its 737 MAX aircraft, The Wall Street Journal reported on Sunday.
FedEx Ends US Ground-Delivery Contract with Amazon
On Wednesday, FedEx (FDX) confirmed a Bloomberg report. The company terminated its ground-delivery agreement with Amazon (AMZN).
American Airlines Cancels Boeing MAX Flights Until April
American Airlines has pushed back the grounding of Boeing’s 737 MAX planes until April 2020. Read about how this will affect AAL and other airlines.
Southwest Strikes Deal with Boeing for MAX Compensation
Yesterday, Southwest Airlines (LUV) announced reaching a confidential compensation deal with Boeing (BA) regarding damages caused by the 737 MAX grounding.
Delta Stock Soars on Optimistic 2020 Earnings Outlook
Delta Air Lines (DAL) stock soared 3% yesterday after the company provided an optimistic 2020 earnings outlook and disclosed a new investment.
UPS Stock Rating Cut by BMO Analyst—Why?
UPS stock fell 1.5% yesterday after BMO Capital Markets analyst Fadi Chamoun cut his rating to “market perform” from “outperform.”
Tesla to Build 500,000 Cars Annually at German Plant
Tesla (TSLA) is reportedly aiming to build 500,000 electric cars annually at its newly planned factory in the outskirts of Berlin, Germany.
AutoZone Crushes Q1 Earnings Forecast, Stock Soars 6%
AutoZone (AZO) stock was trading around 6% higher today during premarket trading after the company reported better-than-expected Q1 earnings results.
Can FedEx Have a Good Holiday Season sans Amazon?
Delivery companies are poised to benefit from higher online retail sales this holiday season, but FedEx’s split from Amazon could make things dicey for it.
Airline Stocks Soar on Strong Job Market Report
Almost every US airline stock soared last Friday after the US Department of Labor reported stronger-than-expected job market data.
Morgan Stanley Thinks Tesla Stock Could Soar 50%
On Thursday evening, Morgan Stanley analyst Adam Jonas raised his bull case target price on Tesla stock to $500 from $440.
AutoZone Q1 Earnings: What Can Investors Expect?
AutoZone (AZO) will report its earnings for the first quarter of fiscal on Tuesday. Overall, the company has a decent history of beating analysts’ estimates.
Boeing Warns Approval Delays Could Hit 737 MAX Output
Yesterday, Reuters reported Boeing warned in an October 18 letter that regulatory delays in re-certifying the 737 MAX could hurt the aircraft’s production.
Slack Rises on Q3 Earnings Beat, Glowing Outlook
Slack Technologies (WORK) stock opened 3% higher today after its fiscal 2020 third-quarter earnings and revenue beat analysts’ expectations.
United Taps Airbus over Boeing for New Aircraft Orders
United Airlines has chosen Airbus for its new aircraft requirements. On December 3, it placed orders for 50 new long-range, single-aisle Airbus A321XLRs.