|Bid||51.37 x 100|
|Ask||56.98 x 200|
|Day's range||55.16 - 55.82|
|52-week range||44.59 - 60.79|
|PE ratio (TTM)||11.19|
|Earnings date||11 Jul 2018 - 16 Jul 2018|
|Forward dividend & yield||1.22 (2.25%)|
|1y target est||73.00|
A solid start to earnings season helped push share prices higher earlier this week, and the Standard & Poor’s 500 index crept toward 17 times forward earnings estimates. A recent search for stocks selling for around half or less of the index’s valuation turned up just over a dozen names. Micron Technology (MU), the cheapest stock in the S&P 500, at 4.7 times forward earnings projections, has the other problem.
A strong first-quarter earnings report sent Delta Air Lines (DAL) shares higher earlier this month, and Morgan Stanley thinks they can keep climbing. Analyst Rajeev Lalwani reiterated an Overweight rating on Delta Friday and raised his price target to $72 from $66, writing that the stock's multiple is simply too low.
Zacks Industry Outlook Highlights: Delta Air Lines, United Continental Holdings, American Airlines Group and JetBlue Airways
The Zacks Analyst Blog Highlights: Delta Air Lines, United Continental Holdings, Allegiant Travel, Southwest Airlines and JetBlue Airways
A smoking engine forced a Delta Air Lines Inc. plane bound for London to return to Atlanta shortly after takeoff Wednesday afternoon.
The engine on the Southwest Airlines plane that malfunctioned on Tuesday, killing a passenger, is "the most reliable in the world," says former airline CEO.
Newsflash – old tech is losing. IBM is getting smoked today- down 8%. Oracle (ORCL) had a tough go of it when they reported in mid-March as well. The NYSE Fang+ Index meanwhile is up almost 12% since the lows. Only one FAANG has reported so far, but it was fantastic. Netflix (NFLX) had solid numbers that drove the stock to new highs. My style is not to buy at the highs, but the company will still be growing earnings 60% next year. Even with the various problems we have discussed pertaining to Facebook (data stealing), Apple (cycle problems), and Amazon (angry Trump), FAANG has reasserted itself as a leader. And keep in mind, that at least in tech, value is not winning over growth.
A solid start to earnings season has helped push share prices higher this week, and the Standard & Poor’s 500 index is creeping toward 17 times forward earnings estimates. A handful of shares remain deeply discounted, however. For example, Viacom (VIAB), at 7.6 times earnings, owns a badly slumping movie studio, Paramount Pictures, and cable television networks that skew young, like Comedy Central, Nickelodeon, and MTV.
United Airlines reports first-quarter earnings after the market close amid concerns about rising fuel costs and the carrier's plans to expand flight capacity.
Delta Air Lines is working to offset the impact of rising fuel costs through a combination of unit revenue growth, productivity improvements, and fuel efficiency gains.
Airlines have underperformed the broader market in the past month, as investors worry about rising geopolitical tensions and higher fuel prices. United Continental's (UAL) earnings report, due out tomorrow, could be an opportunity to move sentiment back into positive territory, but either way airlines look like a buy today, argues Bernstein's David Vernon. Investors may recall that United's fourth-quarter earnings caused the sector to slump at the beginning of the year, on capacity worries.
JetBlue overcame a variety of hurdles to post a surprisingly good score in the recently-released 2018 Airline Quality Rating report.
Stocks rose strongly this week as China's Xi Jinping eased trade war fears and Facebook's Mark Zuckerberg fared well on Capitol Hill. Big banks topped on earnings, but stocks reversed lower.
The National Rifle Association has endorsed Lt. Gov. Casey Cagle in the Georgia governor's race, two months after Cagle publicly vowed to punish Delta Air Lines for cutting business ties with the NRA. ...