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Benzinga’s Top Downgrades (ALGT, XOM, POT, CYMI)
Wednesday, December 23, 2009 - 10:26am | 202Allegiant Travel Company (NASDAQ: ALGT) was today downgraded by Jesup & Lamont to Hold from Buy. The 52-week trading range for ALGT is $32.07 - $57.52. In the previous trading session, Allegiant Travel closed at $48.84. In the last six months, ALGT gained over 40%. Exxon Mobil Corporation (...
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Unruly Delta Passengers At JFK, Cops Called In
Wednesday, December 23, 2009 - 8:07am | 100Delta (NYSE: DAL) passengers at JFK whose flight to Haiti was canceled after Sunday's storm needed cops to calm them down yesterday. Delta Air Lines spokeswoman Susan Elliott said the stranded passengers were trying to get to Port-Au-Prince on standby but were not having any luck. Police sources...
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Benzinga’s Top Gainers (YRCW, MTG, AHD, LCC, SHS)
Tuesday, December 22, 2009 - 12:03pm | 231YRC Worldwide Inc. (NASDAQ: YRCW) has soared 28% to $1.14 on 12.31 million shares after it said it has satisfied requirements related to its previously announced debt-for-equity exchange offers that will allow the deal to proceed. MGIC Investment Corp. (NYSE: MTG) has jumped 13% to $5.75 on 1.58...
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Transportation Sector Weekly Summary
Monday, December 21, 2009 - 3:05pm | 122The airlines sector was up 3.1% last week as it outperformed the S&P 500 that was down 0.4%. The airline sector is up by 30.4% year-to-date. Transportation companies meanwhile underperformed the market and were down 0.5% last week. Airline companies expect the revenues for December to be...
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Benzinga’s Top Pre- Market Losers (GIGM, MPEL, GOLD, UAUA, NOK)
Monday, December 21, 2009 - 9:40am | 241GigaMedia Limited (NASDAQ: GIGM) has decreased $0.24 or 5.78% to $3.91 in the pre-market session after GigaMedia today reported its second and third-quarter 2009 financial results. GigaMedia reported second-quarter revenues of $37.7 million and EBITDA of $2.3 million, and third-quarter revenues of...
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Benzinga’s Volume Movers (RIMM, CELG, RYAAY, ORCL, ABFS)
Friday, December 18, 2009 - 2:35pm | 218Research in Motion Limited (NASDAQ: RIMM) shares jumped 10.27% to $69.98. The volume of RIMM shares traded was 425% higher than normal. RIMM posted its FQ3 results and issued its FQ4 guidance significantly ahead of the Wall Street expectations. Celgene Corporation (NASDAQ: CELG) shares surged 10.47...
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Ryanair (ADR) (RYAAY) - Boeing (BA) Deal Breaks Down
Friday, December 18, 2009 - 9:46am | 98Ryanair Holdings plc (ADR) (NASDAQ: RYAAY) announced that it had ended its negotiations with Boeing Company (NYSE: BA) about acquiring 200 aircrafts. Ryanair has an existing contract under which it will be receiving 112 aircrafts during 2010-2012. The negotiations ended as Ryanair insisted on...
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Here Are Some Setups To The Long Side
Friday, December 18, 2009 - 12:36am | 159Let's take a look at four different setups - I like these a lot, but need to see them come down a little more in price before I start pulling the trigger on them. Even so, these are definitely worth keeping an eye on. Atlas Air Worldwide Holdings (AAWW) China-Biotics (CHBT) Metlife (MET) SkyWest...
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Democrat Senator Gets A Tad Too Liberal With The Girls
Thursday, December 17, 2009 - 2:59pm | 129Liberal Democrat Senator, Charles E. Schumer, is now on the receiving end of widespread criticism, particularly of the Republican kind, following his insulting a flight attendant last weekend. Like most male defenders of female rights, Senator Schumer found out on a weekend flight that it was far...
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Top 5 Small-Cap Stocks with Highest Free Cash Flows (UAUA, MBI, PL, SPF, MDC)
Thursday, December 17, 2009 - 10:08am | 242Below are the top 5 small-cap stocks on the NYSE and the NASDAQ in terms of highest free cash flow. UAL Corporation (NASDAQ: UAUA)(FREE stock trend analysis) has free cash flows of $1.48 billion. UAUA’s market capitalization is $1.88 billion. Jesup & Lamont upgraded UAUA from “hold” to “buy.”...
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American Airlines (AMR) and Delta (DAL) Battle It Out For JAL
Wednesday, December 16, 2009 - 3:06pm | 128The CEO of American Airlines (NYSE: AMR) fired the latest salvo in the take-over battle for Japan’s embattled national carrier, Japan Airlines, by offering to raise a $1.1 billion investment proposal. He went on further to state that an alternative bid by the rival Delta Airlines (DAL) would...
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Japan Airlines Corp (JALSY) Jumps 4% After Announcement Of Pension Payout Cuts
Wednesday, December 16, 2009 - 9:05am | 195Japan Airlines Corp. (OTC: JALSY)(FREE stock trend analysis) jumped 4% after announcing that about 5,700 retirees have agreed to accept the proposed average cuts of 40% to pension payouts, falling just short of the required numbers. As a prerequisite to receiving government bailout, Japan Airlines...
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American Airlines Proposes JAL as Exclusive Asian Partner
Wednesday, December 16, 2009 - 9:00am | 83American Airlines has proposed making JAL its exclusive Asian partner to keep it from Delta's clutches. Delta and its Sky Team partners have offered $1b to lure JAL from American Airlines. American Airlines has countered with a $1.1b offer to struggling JAL to remain its partner. American Airlines...
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Increased Target Price For Southwest Airlines (LUV)
Tuesday, December 15, 2009 - 4:26pm | 72Barclays increased its price target for Southwest Airlines Co. (NYSE: LUV) from $13 to $15 and noted that the market was overlooking the positive implications of the revenue momentum from the capacity cuts. It believes that Southwest has the highest quality name and the core market dominance is...
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LUV’s Revenue Momentum Better Than Expected
Tuesday, December 15, 2009 - 2:50pm | 128Analyst Gary Chase of Barclays Capital maintains his "equal weight" rating on Southwest Airlines (NYSE: LUV)(FREE stock trend analysis), while raising his estimates for the company. The target price for LUV has been raised from $13 to $15. Southwest Airlines has been suffering from margins erosion...