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Alaska Air (ALK) Looks Inviting; Barron’s
Monday, May 3, 2010 - 10:59am | 166Shares of Alaska Air Group, Inc. (NYSE: ALK) have increased by 22%, since the start of this year. According to Barron’s, airline stocks have surprised investors, since 2009, as their returns have beaten the S&P 500 Index. Alaska Air has joined the party in the last three months, on the back of...
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United (UAUA) And Continental (CAL) To Merge In All-Stock $3.15 Billion Deal
Monday, May 3, 2010 - 10:28am | 439On Monday, Continental Airlines (NYSE: CAL) and UAL Corp. (NASDAQ: UAUA), the parent of United Airlines, announced that they will be merging their operations in an all-stock deal. This merger will create the world’s No. 1 airlines with combined revenue of $29 billion. The rough value ascribed to...
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United And Continental Create World's Largest Airline (UAUA, CAL)
Sunday, May 2, 2010 - 6:21pm | 147It is being reported Sunday afternoon that a source with knowledge of the situation says both directors at Continental Airlines (NYSE: CAL) and United Airlines (NASDAQ: UAUA) have voted to combine their carriers. This merger would create the world's largest airline. The companies are planning an...
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Top Performing Industries For April 30 (BBW, SKY, MHK, EXK, UAUA)
Friday, April 30, 2010 - 1:50pm | 299At 12:20 pm, Dow lost 75.95 points, or 0.68%, to 11,091.37, while the broader Standard & Poor's 500 index lost 10.99 points or 0.91%. The Nasdaq composite index has also slipped 27.36 points or 1.09%. The industries that are helping the market keep afloat today are: Toy & Hobby Stores: The...
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JBLU Flies Lower At Hudson
Thursday, April 29, 2010 - 9:41am | 48Analysts at Hudson Securities downgrade JetBlue (NASDAQ: JBLU) from “buy” to “sell.” The target price for JBLU has been reduced from $8 to $4. Shares of JBLU closed at $5.77 yesterday. More Analyst Ratings here.
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Airbus Sales May Be Hit If Merger Between United Airlines (UAUA) And Continental (CAL) Goes Through
Wednesday, April 28, 2010 - 7:22pm | 132Airbus would be hoping that the merger between UAL Corporation’s (NASDAQ: UAUA) United Airlines and Continental Airlines (NYSE: CAL) does no go through. According to the Wall Street Journal, a merger between the two airlines could negatively impact Airbus’ sales as Continental Airlines is a loyal...
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Watch Airline ETF On Renewed Continental/United Merger Talks
Wednesday, April 28, 2010 - 1:57pm | 92The Claymore Airline ETF (NYSE: FAA) could be in play yet again on news that Continental Airlines (NYSE: CAL) and United Airlines (Nasdaq: UAUA) have gotten their merger talks back on track. The two airlines have scheduled a meeting for this Friday to resume the discussions, according to the Wall...
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JBLU Misses 1Q Estimates; Performance To Improve In 2H
Wednesday, April 28, 2010 - 1:38pm | 131Analysts at Citigroup Global Markets maintain their "buy" rating on JetBlue Airways Corporation (NASDAQ: JBLU). The target price for JLBU is set to $7. JetBlue Airways has reported its 1Q EPS short of the estimates due entirely to a lower-than-anticipated unit revenue performance. JBLU has raised...
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JetBlue Posts Unexpected Losses (JBLU)
Wednesday, April 28, 2010 - 1:34pm | 100JetBlue Airways Corp. (NYSE: JBLU) has reported net loss for its first quarter. The airline has said that the losses are due to increase in expenses such as customer service and reservation system. JetBlue also lost $15 million worth of revenue due to winter storms. JetBlue has recorded $1 million...
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The United States Oil Fund ETF (USO) and Contango
Wednesday, April 28, 2010 - 9:34am | 1505While the word contango doesn’t typically roll off the tongues of most retail investors, it can have an impact on some of the products retail traders may invest in. Contango relates to the futures markets specifically and basically means the forward curve or future price of that commodity is...
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JetBlue Airways (JBLU) Surprises With Loss
Wednesday, April 28, 2010 - 8:31am | 123JetBlue Airways Corporation (Nasdaq: JBLU) announced on Wednesday morning that it failed to meet consensus Wall Street estimates. JetBlue Airways reported that it swung to a surprise 1st quarter loss of $1 million, or 1 cent per share, from a profit of $12 million, or 5 cents per share, a year...
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Morning Market Update (DSW, NOK, POAHF.PK, GS, CAL, UAUA)
Tuesday, April 27, 2010 - 12:21pm | 275Footwear retailer DSW (NYSE: DSW) estimates that its Q1 same-store sales will come in at 16%. The company has also raised its EPS guidance for the full year to $1.65-$1.75, from $1.35-1.45. Nokia (NYSE: NOK) has unveiled details of its first Symbian 3 phone. The phone is aimed at winning back...
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American Airlines Delays Chicago-Beijing Flight (AMR)
Tuesday, April 27, 2010 - 7:13am | 123American Airlines, a subsidiary of AMR Corporation (NYSE: AMR), has announced that the start of its maiden flight on the Chicago-Beijing route has been delayed. The delay has been caused due to the non-receipt of approval from Chinese authorities. According to MarketWatch, Chinese authorities are...
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Mergers in the Sky
Monday, April 26, 2010 - 4:25pm | 1553There has been a “buzz” in the media of late surrounding mergers and acquisitions within the airline space. The latest chatter concerns a potential stock-for-stock deal between Continental Airlines (NYSE: CAL) and UAL Corp.’s (NYSE: UAUA) United Airlines. The New York Times reported that talks...
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The Housing Sector is on the Rise, so Why are Bears Making Bets Against Masco (MAS)?
Monday, April 26, 2010 - 11:34am | 1766New home sales saw the best one-month increase since 1963. Sales rose to a seasonally adjusted annual rate of 411,000 in March. This represents a 26 9% increase above the revised February rate of 324,000 and 23.8% more than last year’s March estimate of 332,000 according to a report released today...