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Top Narrow Based Indexes For April 12 (CYH, ZNH, HVT)
Tuesday, April 12, 2011 - 10:30am | 211By 10:25 am, the Dow Jones Industrial Average was down 121.09 points, or 0.98%, to 12,260.02, while the broader Standard & Poor's 500 index had dropped 12.12 points, or 0.92%. The NASDAQ composite index fell 29.61 points, or 1.07%. Some of the narrow based indexes that are still afloat in the...
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Top Performing Industries For April 12 (ZNH, CUK, ALK, BBW)
Tuesday, April 12, 2011 - 10:08am | 183At 10:05 am, the Dow dropped 0.79% to 12,283.14, the broader Standard & Poor's 500 index moved down 0.72% to 1,314.98 and the NASDAQ composite index fell 0.80% to 2,749.22. The industries that are still afloat in the market today are: Major Airlines: This industry jumped 1.34% by 10:05 am....
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SkyWest Reports March Departures Up 52.8%; Combined Traffic up 50.3% (SKYW)
Monday, April 11, 2011 - 1:56pm | 18SkyWest Reports March Departures Up 52.8%; Combined Traffic up 50.3% (NASDAQ: SKYW)
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Merger Arbitrage Mondays – April 11, 2011
Monday, April 11, 2011 - 7:32am | 4805Merger activity scaled back a little last week with 5 new deals announced and two closing. Deal Statistics: Total Number of Deals Closed in 2011 45 Total Number of Deals Not Completed in 2011 1 Total Number of Pending Deals Cash Deals 49 Stock Deals 21 Stock & Cash Deals 13...
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Market Waiting for Earnings Kick-Off 04-08-2011
Friday, April 8, 2011 - 6:48pm | 887Cusick's Corner Resistance is often strong after a big move. This market is now waiting for earnings season to kick off. Take a look at your portfolio, asses which stocks have earnings coming up and what sectors they are in, plus if their peers will start to announce earnings. That way if there...
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Banks Active Ahead of Earnings 04-08-2011
Friday, April 8, 2011 - 3:00pm | 906Cusick's Corner There really is not much that I can bring to light today other than this market is clearly at a resistance point where most market traders and watchers are taking the road most traveled -- up. But the volume continues to be pathetic so there is no conviction. With the looming...
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A Peek Into The Market Before The Trading Starts
Friday, April 8, 2011 - 7:37am | 391Pre-open movers US stock futures are higher this morning. Oil prices surged above $111 a barrel. Futures on the Dow Jones Industrial Average rose 43 points to 12,394.00 and S&P 500 index futures surged 5.50 points to 1,334.00. Futures on the Nasdaq 100 gained 6 points at 2,335.25. A Peek Into...
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Copa Holdings' March Consolidated Traffic up 21.2%
Friday, April 8, 2011 - 7:24am | 112For the month of March 2011, Copa Holdings' (NYSE: CPA) system-wide passenger traffic (RPM) increased 21.2%, while capacity (ASM) increased 24.0%. System load factor for March 2010 was 75.9%, a 1.7 percentage point decrease when compared to March 2010. International passenger traffic grew 24.6%,...
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Market Holds Its Ground 04-07-2011
Thursday, April 7, 2011 - 6:54pm | 963Cusick Corner The market braced itself for the news in Japan and has held its ground. But the market is whippy and the fact that it's overbought is looking like it has started to wane, leaving me with uncertainty into the After Hours. I have written over the last few weeks about some strategic...
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Southwest Found Minor Subsurface Cracking On 5 Aircraft (LUV)
Thursday, April 7, 2011 - 11:59am | 17Southwest Found Minor Subsurface Cracking On 5 Aircraft (NYSE: LUV)
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Hudson Securities Reiterates Buy Rating on Alaska Air Group (ALK)
Thursday, April 7, 2011 - 9:26am | 124Hudson Securities is out with a research report this morning, where it reiterates its Buy rating on Alaska Air Group (NYSE: ALK); it has a $72.00 price target on the stock, up from $70.00. The HS analysts cited the company's recently announced traffic results, where ALK stated that Q1 2011 PRASM...
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Southwest Airlines March Traffic up 9.8%
Thursday, April 7, 2011 - 8:47am | 138Southwest Airlines Co. (NYSE: LUV) announced today that the Company flew 7.3 billion revenue passenger miles (RPMs) in March 2011, a 9.8 percent increase from the 6.7 billion RPMs flown in March 2010. Available seat miles (ASMs) increased 8.9 percent to 9.0 billion from the March 2010 level of 8...
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Hawaiian Airlines Reports March ASMS Up 22.1%, March RPMS Up 20.6% (HA)
Thursday, April 7, 2011 - 8:05am | 32Hawaiian Airlines, Inc., a subsidiary of Hawaiian Holdings, Inc. (Nasdaq: HA), today announced its systemwide traffic statistics for the month of March and year-to-date.
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Citi Lowers PT on JetBlue Airways Corporation to $6.50 (JBLU)
Thursday, April 7, 2011 - 7:36am | 84Citi is out with its report today on JetBlue Airways Corporation (NASDAQ: JBLU), lowering its PT from $7 to $6.50. In a note to clients, Citi writes, "We are lowering our target price to $6.50 from $7.00 on reduced 2011-13 EPS expectations on higher fuel prices. Our estimates now reflect 2011-13...
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Dahlman Rose Comments On US Airways Group March And 1Q11 Traffis Results
Wednesday, April 6, 2011 - 9:15am | 156According to Dahlman Rose, US Airways Group (NYSE: LCC) announced March and 1Q11 traffic results in line with expectations. Dahlman Rose reported that the company updated 1Q11 and full year guidance. “Management expects average jet fuel prices of $3.20 - $3.32 for the remainder of the year. We are...