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Delta Sees June Quarter Operating Margin of 6.5% to 7%
Monday, June 27, 2011 - 9:13am | 40Delta (NYSE: DAL) expects to have a solidly profitable June quarter, with an operating margin of 6.5 to 7.0%, as higher revenues have largely offset the impact of over $1 billion in higher fuel prices.
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Goldman Sachs Upgrades China Eastern Airlines To Buy, $87 PT
Monday, June 27, 2011 - 8:01am | 27Goldman Sachs has upgraded China Eastern Airlines (NYSE: CEA) from Neutral to Buy and has established an $87 price target.
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UPDATE: Evercore Upgrades Republic Airways to Overweight
Monday, June 27, 2011 - 7:34am | 96Evercore is out with its report today on Republic Airways (NASDAQ: RJET), upgrading RJET from Equal-weight to Overweight. In a note to clients, Evercore writes, "Our rating on Republic Airways Holdings is raised to Overweight from Equal-Weight and our target is increased to $9.00 based on 10x our...
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Evercore Upgrades Republic Airways Holdings To Overweight, $9 PT
Monday, June 27, 2011 - 6:07am | 27Evercore Partners has upgraded Republic Airways Holdings (NASDAQ: RJET) from Equal-weight to Overweight and has established a $9 price target.
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Merger Arbitrage Mondays – June 27, 2011
Monday, June 27, 2011 - 3:51am | 4824Merger activity decreased last week with two new deals announced and five closing. You can find all the active deals listed below in our Merger Arbitrage Tool that automatically updates itself during market hours. Deal Statistics: Total Number of Deals Closed in 2011 104 Total Number of Deals...
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Merger Arbitrage Mondays – June 27, 2011
Monday, June 27, 2011 - 3:51am | 4824Merger activity decreased last week with two new deals announced and five closing. You can find all the active deals listed below in our Merger Arbitrage Tool that automatically updates itself during market hours. Deal Statistics: Total Number of Deals Closed in 2011 104 Total Number of Deals...
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Take the Market's Pulse Using the 200-Day
Friday, June 24, 2011 - 7:09pm | 903Cusick's Corner Over the weekend take a look at the benchmarks and your individual holdings to establish a sense of support. For example, consider looking at the S&P 500 September Future to help understand the general pulse. The S&P is 5 points before getting to the 200-Day Moving Average...
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Bracing For a Hard Landing
Friday, June 24, 2011 - 3:34pm | 338While airlines have seen an influx in bull volume over the past few months, largely due to traders using them as a proxy for falling jet fuel prices, sellers have come in as of late at key resistance levels. Delta Airlines (NYSE: DAL) and AMR Corp. (NYSE: AMR) are the offenders in question. A...
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Oil Reserve Release is the Real QE3
Thursday, June 23, 2011 - 12:52pm | 698Having run out of tolerable ways to stimulate the economy, the civilized world has turned to what might be its last, best chance of shocking the economy back to life: reducing oil prices by releasing strategic reserves of oil. It certainly works in theory. High oil prices drag down the economy....
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Calls Purchased on Republic Airways Holdings Inc.
Thursday, June 23, 2011 - 10:38am | 122Shares of Republic Airways Holdings Inc. (NASDAQ: RJET) are higher on the session by 5.38%, currently trading at $4.70. The stock has been moving largely lower over the past five months and is currently trading below the 50-day and 200-day moving average. Options traders are buying calls on the...
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Top Narrow Based Indexes For June 23
Thursday, June 23, 2011 - 10:35am | 184By 10:33 am, the Dow Jones Industrial Average was down 195.60 points, or 1.62%, to 11,914.07, while the broader Standard & Poor's 500 index had dipped 19.31 points, or 1.50%. The NASDAQ composite index fell 27.31 points, or 1.02%. Some of the narrow based indexes that are still afloat in the...
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Airline Stocks Fly On Opening Of Strategic Oil Reserves
Thursday, June 23, 2011 - 10:25am | 156This morning, the International Energy Agency (IEA) announced that its 28 member countries have agreed to release 60 million barrels of oil in the coming month. This action is causing WTI oil to plummet lower by $5.00 to $90.46 a barrel. While oil and almost every energy stock is deflating lower...
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GE's
Wednesday, June 22, 2011 - 7:19pm | 45GE's (GE) jet-engine joint venture with France's Safran Group, CFM, received a $2 bil contract to supply Republic Airways (RJET) with engines for the Airbus A320neo aircraft it's buying. GE fell 1.3%.
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US Airways, Inc. Announces $83M Aircraft Financing
Wednesday, June 22, 2011 - 12:30pm | 114US Airways, Inc. , a wholly-owned subsidiary of US Airways Group, Inc. (NYSE: LCC), announced today its intention to make an offering, subject to market and other conditions, of Class C enhanced equipment trust certificates in the aggregate principal amount of approximately $83 million. This...
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Republic Airways Announces Order for 80 Airbus NEO Aircraft
Wednesday, June 22, 2011 - 7:01am | 135Republic Airways Holdings Inc. (NASDAQ: RJET) today announced it has signed a letter of intent with Airbus to purchase 40 A319neo (New Engine Option) and 40 A320neo aircraft. The aircraft, which will be powered by CFM's LEAP-X engines, will be flown by Republic's Frontier Airlines subsidiary. “...