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Calls Purchased on Southwest Airlines Co. (LUV)
Tuesday, March 8, 2011 - 1:10pm | 144Shares of Southwest Airlines Co. (NYSE: LUV) are higher on the session by 5.86%, currently trading at $12.46. The stock has been moving largely lower over the past four months and is currently trading around the 50-day and 200-day moving averages. Options traders are buying calls on the name...
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Top Narrow Based Indexes For March 8 (BSFT, MDC, DAL)
Tuesday, March 8, 2011 - 1:00pm | 196By 11:50 am, the Dow Jones Industrial Average was up 73.91 points, or 0.61%, to 12,163.94, while the broader Standard & Poor's 500 index had gained 7.42 points, or 0.57%. The NASDAQ composite index rose 14.81 points, or 0.54%. Some of the narrow based indexes that are driving the markets are...
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Transports Get Resuscitated
Tuesday, March 8, 2011 - 11:55am | 221The Dow Jones Transportation Index has been one of the most volatile indexes that we have seen in quite some time. This index is followed by many investors as a sign of economic expansion and growth. If someone looks at a recent daily chart of the transportation index the chart resembles a...
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Stocks on the Move: (SKYW) stock Breaking out New Year High
Tuesday, March 8, 2011 - 11:10am | 20Stocks on the Move: (SKYW) stock Breaking out New Year High..$17.00
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JetBlue and LAN Partner to Offer New Interline Connections Between the Americas
Tuesday, March 8, 2011 - 10:42am | 71JetBlue Airways (Nasdaq: JBLU) and LAN Airlines S.A. (NYSE: LFL) and its affiliates LAN Peru, LAN Argentina and LAN Ecuador today announce the launch of interline agreements that bring new connecting options for travelers flying between major destinations throughout the Americas via New York's John...
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Capital Looking for a Home 03-07-2011
Monday, March 7, 2011 - 7:23pm | 892Cusick's Corner The market held the lows and bounced into the After Hours, aided by lower crude and a selloff in the fixed income space. Capital needs a home and “Risk” assets are still the place to be. I have been professing protection over the last few weeks, but those who are long and want to...
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Calls Active as AMR Corp Rebounds Off 4-Month Low (AMR)
Monday, March 7, 2011 - 4:48pm | 154Shares of AMR Corporation (NYSE: AMR) are trading higher on the session by 1.305, at $6.22. This comes as shares near the $6.00 historical support level, which the stock has been seeking for the past four months. While the 20-day, 50-day, and 200-day moving averages are all downward-sloping,...
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AirTran Flight Attendants Continue Six Weeks of Picketing
Monday, March 7, 2011 - 3:38pm | 103AirTran (NYSE: AAI) Flight Attendants, represented by the Association of Flight Attendants-CWA, will continue a "Six Cities in Six Weeks" series of public protests on Wednesday, March 9, in Dallas. As management continues to stall contract negotiations, Flight Attendants' frustrations escalated...
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Options Brief: JetBlue Airways Corporation (JBLU)
Monday, March 7, 2011 - 12:30pm | 82Shares of JetBlue Airways Corporation (NASDAQ: JBLU) are lower on the session by 1.74%, trading at $5.44. Overall put volume is now running at 3.00x the daily average, with 33% of all puts traded being purchases on the offer. 1,218 contracts have traded on the session so far. JetBlue Airways...
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News Summary
Monday, March 7, 2011 - 10:45am | 242Shares of Ciena Corp (NASDAQ: CIEN) dropped about 5.5% after the company reported a Q1 loss at $79.1 million, or $0.84 per share, versus a loss of $53.3 million, or $0.58 per share, in the year-earlier period. Ciena's adjusted loss came in at $0.14 per share. The company's revenue increased to $433...
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Frontier Airlines February Traffic up 2%
Monday, March 7, 2011 - 10:31am | 87Frontier Airlines, a subsidiary of Republic Airways Holdings (NASDAQ: RJET), today reported preliminary traffic results for February 2011. Frontier's traffic increased 2% to 853 million revenue passenger miles (RPMs) while capacity was down 3% to 1.11 billion available seat miles (ASMs). Frontier...
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Republic Airways February Traffic Down 1%
Monday, March 7, 2011 - 10:30am | 83Republic Airways Holdings (NASDAQ: RJET), today reported preliminary passenger traffic results for February 2011. The Company generated 1.4 billion revenue passenger miles (RPMs), a 1% decrease from the same month last year, while available seat miles (ASMs) also decreased by 1%. Block hours were...
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Southwest Airlines Reports 13% Increase In Total February Traffic
Monday, March 7, 2011 - 10:27am | 77Southwest Airlines Co (NYSE: LUV) reported that its total February traffic came in at more than 5.6 billion revenue passenger miles, compared with 5 billion revenue passenger miles, in the year-ago quarter. LUV's total February capacity came in at 7.3 billion available seat miles. LUV shares...
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Hudson Lowers PT on Allegiant Travel Company to $55 (ALGT)
Monday, March 7, 2011 - 9:50am | 108Hudson is out with its report today on Allegiant Travel Company (NASDAQ: ALGT), lowering its price target from $58 to $55. In a note to clients, Hudson writes, "The trim to our 2011 EPS outlook prompts a change in valuation; reducing our PT to $55 (from $58) based on shares trading at 14x (...
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Southwest Airlines February Traffic up 13%
Monday, March 7, 2011 - 9:47am | 93Southwest Airlines Co. (NYSE: LUV) announced today that the Company flew 5.6 billion revenue passenger miles (RPMs) in February 2011, a 13.0 percent increase from the 5.0 billion RPMs flown in February 2010. Available seat miles (ASMs) increased 8.6 percent to 7.3 billion from the February 2010...