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Direxion Airline Shares Take Off Into Turbulence
Monday, December 13, 2010 - 4:00am | 382Direxion Airline Shares (FLYX) began trading December 8, 2010. The new ETF marks the first time that Direxion has offered a non-leveraged ETF. Given the fact Guggenheim Airlines ETF (FAA) has only attracted $38 million in assets in nearly two years, Direxion's strategy with this offering is not...
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AirTran Airways Prepares for Festivus Sale (AAI)
Friday, December 10, 2010 - 4:29pm | 150AirTran Airways, a subsidiary of AirTran Holdings, Inc. (NYSE: AAI), is finalizing plans for the big finish to its 12-day "Festivus for the Rest of Us" celebration this Sunday. For the past nine days, the sale has featured one-day only special fares to new and exciting destinations around the...
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Airlines Descend
Friday, December 10, 2010 - 11:54am | 337The airline sector is pulling back again today. This highly popular sector has been in correction mode since early November. Each individual airline stock has its own support level where the stock will bounce or begin to rally, however, at this time most of the stocks are still in selling mode. The...
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Oppenheimer Has Outperform Rating On Nuance
Friday, December 10, 2010 - 8:51am | 140Oppenheimer & Co. has an Overweight rating and a $21 price target on Nuance Communications, Inc. (NASDAQ: NUAN). In a note sent to investors, Oppenheimer writes, "CEO Paul Ricci kicked off the analyst day highlighting the greenfield market opportunity for Nuance in each of its three target...
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Delta Appoints VP for Latin America and Caribbean
Thursday, December 9, 2010 - 3:48pm | 40Delta Air Lines (NYSE: DAL) has appointed Nicolas Ferri to the newly created position of vice president – Latin America and the Caribbean effective Jan. 1, 2011. Ferri will report to Delta President Ed Bastian.
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JetBlue November Traffic up 11.7%
Thursday, December 9, 2010 - 2:29pm | 76JetBlue Airways Corporation (Nasdaq: JBLU) reported its preliminary traffic results for November 2010. Traffic in November increased 11.7 percent from November 2009, on a capacity increase of 6.9 percent. Load factor for November 2010 was 80.9 percent, an increase of 3.5 points from November 2009...
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Sky Traffic High in November - Analyst Blog
Thursday, December 9, 2010 - 2:00pm | 1073The U.S. airline industry is on track for a profitable year after a drought of two years. Airline traffic in 2010 has shown an improvement with a surge in business travel and premium service demand from the year-ago levels. We expect demand for air travel to continue showing signs of improvement...
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Market Roundup
Thursday, December 9, 2010 - 1:52pm | 239Shares of Smith & Wesson Holdings Corp (NASDAQ: SWHC) declined about 4.45% after the company reported quarterly results. SWHC reported a FQ2 net loss of $0.62 per share, versus net earnings of $0.22 per share, in the year-earlier period. Excluding one-time items, SWHC posted earnings at $0.05...
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Sky Traffic High in November - Analyst Blog
Thursday, December 9, 2010 - 1:33pm | 1073The U.S. airline industry is on track for a profitable year after a drought of two years. Airline traffic in 2010 has shown an improvement with a surge in business travel and premium service demand from the year-ago levels. We expect demand for air travel to continue showing signs of improvement...
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GOL Linhas Traffic Surges - Analyst Blog
Wednesday, December 8, 2010 - 8:03pm | 487Brazil's largest low-fare airline operator, GOL Linhas Aereas Inteligentes S.A. (GOL) reported passenger traffic for November 2010 in comparison with November 2009. Total traffic surged 5.4% with domestic traffic increasing 2.9% and International traffic up 27.2% year over year. The prime...
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GOL Linhas Traffic Surges - Analyst Blog
Wednesday, December 8, 2010 - 7:19pm | 487Brazil's largest low-fare airline operator, GOL Linhas Aereas Inteligentes S.A. (GOL) reported passenger traffic for November 2010 in comparison with November 2009. Total traffic surged 5.4% with domestic traffic increasing 2.9% and International traffic up 27.2% year over year. The prime...
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Premium Rot 12-08-2010
Wednesday, December 8, 2010 - 3:24pm | 893Cusick's Corner This is a trader's market and the last two sessions have been fodder for short-term swing traders and patient day traders (if there is such a thing). Also, credit spread traders have had some nice consolidation (i.e. range bound) that has allowed the premium to rot out of the last...
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3 Stocks Crossing Over Their 50 & 200 Day Moving Averages
Wednesday, December 8, 2010 - 2:20pm | 71There are a few stocks today that are crossing over their 50 and 200 day moving averages, which is seen as a bullish sign for the stocks. AMR Corporation (NYSE: AMR), ARMOUR Residential REIT, Inc. (NYSE: ARR), and CalAmp Corp. (NASDAQ: CAMP) are all names that have crossed over these averages....
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Market Roundup (JBLU, HD, KFN, LNC, GS, MS, MTG, OXY)
Wednesday, December 8, 2010 - 1:36pm | 259Shares of JetBlue Airways Corp (NASDAQ: JBLU) dropped about 6.3% after the company reduced its Q4 revenue per available seat mile projections. JBLU shares have surged 19% year-to-date. Shares of Home Depot (NYSE: HD) gained about 1.1% after the company projected its 2011 profit to rise 11% to 13%...
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Options Brief: JetBlue Airways Corporation (JBLU)
Wednesday, December 8, 2010 - 11:34am | 93Shares of JetBlue Airways Corporation (NASDAQ: JBLU) are lower on the session by 8.33%, trading at $6.38. Overall put volume is now running at 3.26x the daily average, with 43% of all puts traded being purchases on the offer. 6,182 contracts have traded on the session so far. JetBlue Airways...