-
UAL Corp and US Airways Soar
Thursday, April 8, 2010 - 10:07am | 161Reports surfaced yesterday rumoring that UAL Corp (NASDAQ: UAUA), the parent company of United Airlines, and US Airways (NYSE: LCC) are in merger talks. The talks have neither been confirmed nor denied by either party, though further consolidation within the space has been predicted and proposed as...
-
Company News for April 8, 2010 - Corporate Summary
Thursday, April 8, 2010 - 9:30am | 243• General Motors announced a $4.3 billion, post-bankruptcy loss in the second half of 2009, as revenue reached $57.5 billion • Bed Bath and Beyond (NYSE:BBBY) posted better-than-expected fiscal fourth quarter earnings of 86 cents a share, up from Zacks estimates of 73 cents, on revenues of $2.24...
-
US Stock Futures Point To Continued Weakness In Market
Thursday, April 8, 2010 - 9:04am | 270US stock index futures fell today, indicating a continued downturn in the Standard & Poor’s 500 Index. The Standard & Poor’s 500 index is going through the biggest drop in six weeks, as speculations of a possible default by Greece are heightening. Ahead of the opening bell, futures on the...
-
Fast Money Picks For April 8th (X, XAL, AEO, PNRA, DRI)
Wednesday, April 7, 2010 - 7:06pm | 195CNBC Fast Money's Tim Seymour suggested on the show that investors should sell United States Steel Corporation (NYSE: X) tomorrow. He spotted a reversal pattern today. United States Steel Corporation (X) fell 3.53% in today's trading session. Gary Kaminsky thinks that airlines will continue to move...
-
Market Roundup (AAPL, DAL, RF, GM, PFE, CKR)
Wednesday, April 7, 2010 - 2:53pm | 313Research firm iSuppli has taken apart Apple’s (NASDAQ: AAPL) iPad worth $499 and has figured that it would costs about $259.60 in materials. This means that AAPL is registering a nice margin on the tablets and “perhaps leaving room for future price cuts.” The firm said that the iPad had more chips...
-
Airlines Report Rising Traffic Levels (LUV) (RYAAY)
Wednesday, April 7, 2010 - 9:23am | 133Both Southwest Airlines Co. (NYSE: LUV) and Ryanair Holdings plc (Nasdaq: RYAAY) reported on Wednesday that their traffic levels increased. Southwest Airlines Co. reported that its March traffic rose by 7.7 billion revenue passenger miles. One revenue passenger mile is the equivalent of one...
-
Top 5 Stocks In The Services Sector With The Lowest PEG (TDW, NM, UAUA, ATV, DAL)
Wednesday, April 7, 2010 - 7:58am | 185Below are the top 5 services stocks in terms of PEG. Tidewater Inc (NYSE: TDW) has a PEG ratio of 0.16. TDW’s shares have risen by 29.08% over the past 52 weeks, as compared to a 45.85% gain in the S&P500 index. Navios Maritime Holdings Inc (NYSE: NM) has a PEG ratio of 0.17. The trailing-...
-
Contiental Airlines Inc. (CAL) May Turn Bearish Below $20.77
Monday, April 5, 2010 - 2:59pm | 123Continental Airlines Inc. (NYSE: CAL) shed close to 4.4% in the afternoon trading on Monday, inspite of recording 5.2% traffic growth in traffic in March due to support rendered by its services to international routes. Though the strong growth on the international routes helped the Contiental...
-
Rising Oil Prices Make Airline ETF A Dubious Proposition
Sunday, April 4, 2010 - 8:59pm | 245There is no getting around the fact that the Claymore/NYSE Arca Airline ETF (NYSE: FAA) had a great first quarter. The ETF was up about 10% during the quarter, bolstered by signs the economy was recovering and more passengers were taking to the skies again. Global air traffic was up almost 10% in...
-
Citigroup Analyst Sees Upside At JetBlue Airways (JBLU)
Thursday, April 1, 2010 - 4:01pm | 221Citigroup Global Markets analyst Will Randow maintained his Buy rating for shares of JetBlue Airways Corporation (Nasdaq: JBLU), with a target price of $7 per share. Although Randow said that JetBlue Airways Corporation underperformed its peers by 24% over the past year, he gave a number of reasons...
-
OptionsHouse Roundup: A Broad Market Rally and Heavy Options Activity in Ford (F) and Research in Motion (RIMM)
Thursday, April 1, 2010 - 2:20pm | 1819No April fool’s day pranks here as the broad market marches on higher. This rally is broad even when you look inside the indices; four stocks are up for every one that is down. All the major market indices rallied higher today after jobless claims fell 6,000 in the week ended March 27 to 439,000 (...
-
Market Roundup (BA, NOC, RYAAY, F, DIS, AMZN, NWSA, AAPL)
Thursday, April 1, 2010 - 1:57pm | 364The Pentagon has extended its deadline for proposals to replace its aging aerial-refueling tanker fleet. This would provide some time to EADS to submit a rival bid to that of Boeing (NYSE: BA). EADS' partner Northrop Grumman (NYSE: NOC) had withdrawn its proposal for the contract in March. Although...
-
Benzinga’s Top Pre-Market Gainers (RYAAY, AMAG, XRTX, KMX)
Thursday, April 1, 2010 - 8:09am | 279Ryanair Holdings plc (ADR) (NASDAQ: RYAAY) rose 6.37% to $28.90 in the pre-market session. Ryanair Holdings lifted its annual profit guidance today. Ryanair Holdings now expects to make no less than 310 million euros ($418 million) in the year ended March 31, 2010. The 52-week trading range for...
-
OptionsHouse Wednesday Market Observations: Bad News for Jobs, a Proposal to Open U.S. Oil Drilling, and Some Heavy Options Activity in Suncor (SU), Canada’s Energy Powerhouse
Wednesday, March 31, 2010 - 5:42pm | 2019Still holding on, the markets are moving slightly lower following a disappointing ADP jobs report. The loss of 23,000 jobs reported by the payroll giant was a complete surprise to many. Economists predicted a gain of 40,000 in March ADP numbers. While the ADP indications can sometimes be way off in...
-
Traders Seek Bearish Options In The iShares Russell 2000 ETF (IWM)
Wednesday, March 31, 2010 - 4:15pm | 2474“As Wall Street awaits the release of several economic reports, options traders sought bearish positions in exchange-traded funds that track specific segments of the market. Among the most active names of the session was the iShares Russell 2000 Index Fund (IWM), an exchange-traded fund (ETF) that...