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Tag: DAL

  • Stratos Wealth Partners LTD. Cuts Stock Holdings in Delta Air Lines, Inc. (NYSE:DAL)

    Stratos Wealth Partners LTD. Cuts Stock Holdings in Delta Air Lines, Inc. (NYSE:DAL)

    Stratos Wealth Partners LTD. reduced its position in shares of Delta Air Lines, Inc. (NYSE:DAL – Free Report) by 8.5% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 22,148 shares of the transportation company’s stock after selling 2,068 shares during the period. Stratos Wealth Partners LTD.’s holdings in Delta Air Lines were worth $891,000 as of its most recent SEC filing.

    Several other large investors have also recently added to or reduced their stakes in DAL. Migdal Insurance & Financial Holdings Ltd. increased its holdings in Delta Air Lines by 495.7% in the third quarter. Migdal Insurance & Financial Holdings Ltd. now owns 685 shares of the transportation company’s stock valued at $25,000 after buying an additional 570 shares in the last quarter. Coppell Advisory Solutions Corp. purchased a new position in Delta Air Lines in the fourth quarter valued at about $28,000. Venturi Wealth Management LLC boosted its position in Delta Air Lines by 396.6% during the fourth quarter. Venturi Wealth Management LLC now owns 720 shares of the transportation company’s stock worth $29,000 after purchasing an additional 575 shares in the last quarter. Moisand Fitzgerald Tamayo LLC boosted its position in Delta Air Lines by 55.2% during the third quarter. Moisand Fitzgerald Tamayo LLC now owns 874 shares of the transportation company’s stock worth $32,000 after purchasing an additional 311 shares in the last quarter. Finally, Headlands Technologies LLC acquired a new stake in Delta Air Lines in the third quarter valued at $35,000. 69.93% of the stock is owned by hedge funds and other institutional investors.

    Delta Air Lines Stock Up 3.0 %

    DAL opened at $47.63 on Friday. The company has a quick ratio of 0.34, a current ratio of 0.39 and a debt-to-equity ratio of 1.54. The firm has a market cap of $30.64 billion, a P/E ratio of 6.66, a PEG ratio of 0.70 and a beta of 1.43. Delta Air Lines, Inc. has a 52 week low of $30.60 and a 52 week high of $49.81. The business’s fifty day simple moving average is $43.30 and its 200 day simple moving average is $39.29.

    Delta Air Lines (NYSE:DAL – Get Free Report) last posted its quarterly earnings data on Wednesday, April 10th. The transportation company reported $0.45 EPS for the quarter, beating analysts’ consensus estimates of $0.36 by $0.09. Delta Air Lines had a return on equity of 46.35% and a net margin of 7.94%. The business had revenue of $13.75 billion for the quarter, compared to analyst estimates of $12.51 billion. During the same quarter last year, the company earned $0.25 earnings per share. The business’s revenue for the quarter was up 7.8% compared to the same quarter last year. As a group, equities research analysts anticipate that Delta Air Lines, Inc. will post 6.56 EPS for the current fiscal year.

    Delta Air Lines Dividend Announcement

    The firm also recently declared a quarterly dividend, which was paid on Monday, March 18th. Shareholders of record on Monday, February 26th were paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 0.84%. The ex-dividend date was Friday, February 23rd. Delta Air Lines’s payout ratio is 5.59%.

    Insiders Place Their Bets

    In other Delta Air Lines news, CEO Edward H. Bastian sold 71,840 shares of the firm’s stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $39.20, for a total value of $2,816,128.00. Following the sale, the chief executive officer now directly owns 428,768 shares of the company’s stock, valued at approximately $16,807,705.60. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 0.89% of the stock is owned by corporate insiders.

    Analysts Set New Price Targets

    Several research firms have weighed in on DAL. StockNews.com lowered Delta Air Lines from a “buy” rating to a “hold” rating in a report on Thursday, February 22nd. Deutsche Bank Aktiengesellschaft upped their target price on Delta Air Lines from $50.00 to $60.00 and gave the company a “buy” rating in a report on Thursday. UBS Group began coverage on Delta Air Lines in a report on Wednesday, March 20th. They issued a “buy” rating and a $59.00 target price on the stock. Morgan Stanley reissued an “overweight” rating and issued a $85.00 target price on shares of Delta Air Lines in a report on Thursday. Finally, Susquehanna upped their target price on Delta Air Lines from $47.00 to $54.00 and gave the company a “positive” rating in a report on Tuesday. One investment analyst has rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Delta Air Lines has an average rating of “Buy” and an average target price of $58.29.

    Read Our Latest Analysis on DAL

    Delta Air Lines Company Profile

    (Free Report)

    Delta Air Lines, Inc provides scheduled air transportation for passengers and cargo in the United States and internationally. The company operates through two segments, Airline and Refinery. Its domestic network centered on core hubs in Atlanta, Minneapolis-St. Paul, Detroit, and Salt Lake City, as well as coastal hub positions in Boston, Los Angeles, New York-LaGuardia, New York-JFK, and Seattle; and international network centered on hubs and market presence in Amsterdam, Bogota, Lima, Mexico City, London-Heathrow, Paris-Charles de Gaulle, Sao Paulo, Seoul-Incheon, and Tokyo.

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    Want to see what other hedge funds are holding DAL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Delta Air Lines, Inc. (NYSE:DAL – Free Report).

    Institutional Ownership by Quarter for Delta Air Lines (NYSE:DAL)

    Receive News & Ratings for Delta Air Lines Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Delta Air Lines and related companies with MarketBeat.com’s FREE daily email newsletter.

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  • Delta Air Lines, Inc. (NYSE:DAL) Shares Purchased by Perigon Wealth Management LLC

    Delta Air Lines, Inc. (NYSE:DAL) Shares Purchased by Perigon Wealth Management LLC

    Perigon Wealth Management LLC increased its holdings in Delta Air Lines, Inc. (NYSE:DAL – Free Report) by 10.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 10,329 shares of the transportation company’s stock after purchasing an additional 969 shares during the period. Perigon Wealth Management LLC’s holdings in Delta Air Lines were worth $382,000 as of its most recent SEC filing.

    A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Sumitomo Mitsui DS Asset Management Company Ltd boosted its stake in Delta Air Lines by 39.1% during the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 22,002 shares of the transportation company’s stock valued at $814,000 after purchasing an additional 6,179 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. increased its stake in shares of Delta Air Lines by 2,118.9% in the third quarter. Harel Insurance Investments & Financial Services Ltd. now owns 397,673 shares of the transportation company’s stock worth $14,714,000 after acquiring an additional 379,751 shares during the last quarter. Allspring Global Investments Holdings LLC increased its position in Delta Air Lines by 219.7% during the third quarter. Allspring Global Investments Holdings LLC now owns 124,506 shares of the transportation company’s stock worth $4,607,000 after buying an additional 85,566 shares during the last quarter. ING Groep NV increased its position in Delta Air Lines by 121.0% during the third quarter. ING Groep NV now owns 310,415 shares of the transportation company’s stock worth $11,485,000 after buying an additional 169,966 shares during the last quarter. Finally, TD Asset Management Inc grew its position in shares of Delta Air Lines by 7.8% in the third quarter. TD Asset Management Inc now owns 189,493 shares of the transportation company’s stock valued at $7,011,000 after purchasing an additional 13,683 shares during the last quarter. Institutional investors and hedge funds own 71.29% of the company’s stock.

    Analyst Upgrades and Downgrades

    A number of research analysts have recently issued reports on DAL shares. Barclays cut their target price on shares of Delta Air Lines from $58.00 to $50.00 in a research note on Thursday, October 5th. Susquehanna cut their price objective on shares of Delta Air Lines from $60.00 to $44.00 and set a “positive” rating on the stock in a research report on Wednesday, October 11th. TheStreet raised shares of Delta Air Lines from a “c+” rating to a “b-” rating in a research report on Thursday, January 4th. Raymond James lowered their price objective on shares of Delta Air Lines from $58.00 to $54.00 and set a “strong-buy” rating on the stock in a research note on Thursday, October 5th. Finally, Jefferies Financial Group lowered their target price on shares of Delta Air Lines from $60.00 to $50.00 and set a “buy” rating on the stock in a report on Friday, September 29th. One equities research analyst has rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of $55.50.

    Read Our Latest Report on Delta Air Lines

    Delta Air Lines Stock Down 2.6 %

    Shares of DAL opened at $37.47 on Wednesday. The firm has a market cap of $24.11 billion, a P/E ratio of 5.24, a price-to-earnings-growth ratio of 0.18 and a beta of 1.37. Delta Air Lines, Inc. has a 12-month low of $30.60 and a 12-month high of $49.81. The company’s 50-day moving average price is $38.71 and its 200 day moving average price is $39.93. The company has a current ratio of 0.38, a quick ratio of 0.33 and a debt-to-equity ratio of 1.56.

    Delta Air Lines (NYSE:DAL – Get Free Report) last issued its quarterly earnings results on Friday, January 12th. The transportation company reported $1.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.17 by $0.11. Delta Air Lines had a net margin of 7.94% and a return on equity of 46.53%. The company had revenue of $14.22 billion for the quarter, compared to analyst estimates of $13.55 billion. During the same period in the prior year, the firm earned $1.48 earnings per share. The business’s revenue for the quarter was up 5.9% compared to the same quarter last year. On average, sell-side analysts forecast that Delta Air Lines, Inc. will post 6.66 earnings per share for the current year.

    Insider Activity at Delta Air Lines

    In related news, EVP Joanne D. Smith sold 3,030 shares of the company’s stock in a transaction that occurred on Thursday, October 19th. The stock was sold at an average price of $33.29, for a total value of $100,868.70. Following the completion of the transaction, the executive vice president now directly owns 95,362 shares of the company’s stock, valued at $3,174,600.98. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, Director David S. Taylor purchased 10,000 shares of the business’s stock in a transaction dated Friday, October 27th. The stock was acquired at an average price of $30.75 per share, for a total transaction of $307,500.00. Following the completion of the purchase, the director now directly owns 27,470 shares of the company’s stock, valued at $844,702.50. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Joanne D. Smith sold 3,030 shares of the company’s stock in a transaction that occurred on Thursday, October 19th. The stock was sold at an average price of $33.29, for a total value of $100,868.70. Following the sale, the executive vice president now owns 95,362 shares of the company’s stock, valued at approximately $3,174,600.98. The disclosure for this sale can be found here. 0.89% of the stock is currently owned by corporate insiders.

    Delta Air Lines Company Profile

    (Free Report)

    Delta Air Lines, Inc provides scheduled air transportation for passengers and cargo in the United States and internationally. The company operates through two segments, Airline and Refinery. Its domestic network centered on core hubs in Atlanta, Minneapolis-St. Paul, Detroit, and Salt Lake City, as well as coastal hub positions in Boston, Los Angeles, New York-LaGuardia, New York-JFK, and Seattle; and international network centered on hubs and market presence in Amsterdam, Mexico City, London-Heathrow, Paris-Charles de Gaulle, and Seoul-Incheon.

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    Want to see what other hedge funds are holding DAL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Delta Air Lines, Inc. (NYSE:DAL – Free Report).

    Institutional Ownership by Quarter for Delta Air Lines (NYSE:DAL)

    Receive News & Ratings for Delta Air Lines Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Delta Air Lines and related companies with MarketBeat.com’s FREE daily email newsletter.

    ABMN Staff

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  • Ford, Microsoft, Delta, Walgreens, Birkenstock, and More Stock Market Movers

    Ford, Microsoft, Delta, Walgreens, Birkenstock, and More Stock Market Movers

    Stock futures posted modest gains Thursday ahead of a report likely to show that U.S. inflation fell in September as gasoline price growth slowed and used-car costs declined.

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  • These 20 stocks in the S&P 500 are expected to soar after rising interest rates have pushed down valuations

    These 20 stocks in the S&P 500 are expected to soar after rising interest rates have pushed down valuations

    Two things investors can be sure about: Nothing lasts forever and the stock market always overreacts. The spiking of yields on long-term U.S. Treasury securities has been breathtaking, and it has led to remarkable declines for some sectors and possible bargains for contrarian investors who can commit for the long term.

    First we will show how the sectors of the S&P 500

    have performed. Then we will look at price-to-earnings valuations for the sectors and compare them to long-term averages. Then we will screen the entire index for companies trading below their long-term forward P/E valuation averages and narrow the list to companies most favored by analysts.

    Here are total returns, with dividends reinvested, for the 11 sectors of the S&P 500, with broad indexes below. The sectors are sorted by ascending total returns this year through Monday.

    Sector or index

    		 2023 return

    		 2022 return

    		 Return since end of 2021

    		 1 week return

    		 1 month return
    Utilities

    		 -18.4%

    		 1.6%

    		 -17.2%

    		 -11.1%

    		 -9.6%
    Real Estate

    		 -7.1%

    		 -26.1%

    		 -31.4%

    		 -3.0%

    		 -8.8%
    Consumer Staples

    		 -5.4%

    		 -0.6%

    		 -6.0%

    		 -2.2%

    		 -4.4%
    Healthcare

    		 -4.2%

    		 -2.0%

    		 -6.1%

    		 -1.7%

    		 -3.3%
    Financials

    		 -2.5%

    		 -10.5%

    		 -12.7%

    		 -2.5%

    		 -4.7%
    Materials

    		 1.3%

    		 -12.3%

    		 -11.2%

    		 -1.9%

    		 -7.0%
    Industrials

    		 3.5%

    		 -5.5%

    		 -2.1%

    		 -1.8%

    		 -7.3%
    Energy

    		 4.0%

    		 65.7%

    		 72.4%

    		 -1.9%

    		 -1.4%
    Consumer Discretionary

    		 27.0%

    		 -37.0%

    		 -20.0%

    		 -0.6%

    		 -5.2%
    Information Technology

    		 36.5%

    		 -28.2%

    		 -2.0%

    		 0.8%

    		 -5.9%
    Communication Services

    		 42.5%

    		 -39.9%

    		 -14.3%

    		 1.1%

    		 -1.3%
    S&P 500
    		 13.1%

    		 -18.1%

    		 -7.4%

    		 -1.1%

    		 -4.9%
    DJ Industrial Average
    		 2.5%

    		 -6.9%

    		 -4.5%

    		 -1.7%

    		 -4.0%
    Nasdaq Composite Index
    COMP     		28.0%

    		 -32.5%

    		 -13.7%

    		 0.3%

    		 -5.1%
    Nasdaq-100 Index
    		 36.5%

    		 -32.4%

    		 -7.7%

    		 0.5%

    		 -4.2%
    Source: FactSet

    Returns for 2022 are also included, along with those since the end of 2021. Last year’s weakest sector, communications services, has been this year’s strongest performer. This sector includes Alphabet Inc.
    GOOGL
    and Meta Platforms Inc.
    META,
    which have returned 52% and 155% this year, respectively, but are still down since the end of 2021. To the right are returns for the past week and month through Monday.

    On Monday, the S&P 500 Utilities sector had its worst one-day performance since 2020, with a 4.7% decline. Investors were reacting to the jump in long-term interest rates.

    Here is a link to the U.S. Treasury Department’s summary of the daily yield curve across maturities for Treasury securities.

    The yield on 10-year U.S. Treasury notes

    jumped 10 basis points in only one day to 4.69% on Monday. A month earlier the 10-year yield was only 4.27%. Also on Monday, the yield on 20-year Treasury bonds

    rose to 5.00% from 4.92% on Friday. It was up from 4.56% a month earlier.

    Market Extra: Bond investors feel the heat as popular fixed-income ETF suffers lowest close since 2007

    The Treasury yield curve is still inverted, with 3-month T-bills

    yielding 5.62% on Monday, but that was up only slightly from a month earlier. An inverted yield curve has traditionally signaled that bond investors expect a recession within a year and a lowering of interest rates by the Federal Reserve. Demand for bonds pushes their prices down. But the reverse has happened over recent days, with the selling of longer-term Treasury securities pushing yields up rapidly.

    Another way to illustrate the phenomenon is to look at how the Federal Reserve has shifted the U.S. money supply. Odeon Capital analyst Dick Bove wrote in a note to clients on Friday that “the Federal Reserve has not deviated from its policy to defeat inflation by tightening monetary policy,” as it has shrunk its balance sheet (mostly Treasury securities) to $8.1 trillion from $9 trillion in March 2022. He added: “The M2 money supply was $21.8 trillion in March 2022; today it is $20.8 trillion. You cannot get tighter than these numbers indicate.”

    Then on Tuesday, Bove illustrated the Fed’s tightening and the movement of the 10-year yield with two charts:


    Odeon Capital Group, Bloomberg

    Bove said he believes the bond market has gotten it wrong, with the inverted yield curve reflecting expectations of rate cuts next year. If he is correct, investors can expect longer-term yields to keep shooting up and a normalization of the yield curve.

    This has set up a brutal environment for utility stocks, which are typically desired by investors who are seeking dividend income. In a market in which you can receive a yield of 5.5% with little risk over the short term, and in which you can lock in a long-term yield of about 5%, why take a risk in the stock market? And if you believe that the core inflation rate of 3.7% makes a 5% yield seem paltry, keep in mind that not all investors think the same way. Many worry less about the inflation rate because large components of official inflation calculations, such as home prices and car prices, don’t affect everyone every year.

    We cannot know when this current selloff of longer-term bonds will end, or how much of an effect it will have on the stock market. But sharp declines in the stock market can set up attractive price points for investors looking to go in for the long haul.

    Screening for lower valuations and high ratings

    A combination of rising earnings estimates and price declines could shed light on potential buying opportunities, based on forward price-to-earnings ratios.

    Let’s look at the sectors again, in the same order, this time to show their forward P/E ratios, based on weighted rolling 12-month consensus estimates for earnings per share among analysts polled by FactSet:

    Sector or index

    		 Current P/E to 5-year average

    		 Current P/E to 10-year average

    		 Current P/E to 15-year average

    		 Forward P/E

    		 5-year average P/E

    		 10-year average P/E

    		 15-year average P/E
    Utilities

    		 82%

    		 86%

    		 95%

    		 14.99

    		 18.30

    		 17.40

    		 15.82
    Real Estate

    		 76%

    		 80%

    		 81%

    		 15.19

    		 19.86

    		 18.89

    		 18.72
    Consumer Staples

    		 93%

    		 96%

    		 105%

    		 18.61

    		 19.92

    		 19.30

    		 17.64
    Healthcare

    		 103%

    		 104%

    		 115%

    		 16.99

    		 16.46

    		 16.34

    		 14.72
    Financials

    		 88%

    		 92%

    		 97%

    		 12.90

    		 14.65

    		 14.08

    		 13.26
    Materials

    		 100%

    		 103%

    		 111%

    		 16.91

    		 16.98

    		 16.42

    		 15.27
    Industrials

    		 88%

    		 96%

    		 105%

    		 17.38

    		 19.84

    		 18.16

    		 16.56
    Energy

    		 106%

    		 63%

    		 73%

    		 11.78

    		 11.17

    		 18.80

    		 16.23
    Consumer Discretionary

    		 79%

    		 95%

    		 109%

    		 24.09

    		 30.41

    		 25.39

    		 22.10
    Information Technology

    		 109%

    		 130%

    		 146%

    		 24.20

    		 22.17

    		 18.55

    		 16.54
    Communication Services

    		 86%

    		 86%

    		 94%

    		 16.41

    		 19.09

    		 19.00

    		 17.43
    S&P 500
    		 94%

    		 101%

    		 112%

    		 17.94

    		 19.01

    		 17.76

    		 16.04
    DJ Industrial Average
    		 93%

    		 98%

    		 107%

    		 16.25

    		 17.49

    		 16.54

    		 15.17
    Nasdaq Composite Index
    		 92%

    		 102%

    		 102%

    		 24.62

    		 26.71

    		 24.18

    		 24.18
    Nasdaq-100 Index
    		 97%

    		 110%

    		 126%

    		 24.40

    		 25.23

    		 22.14

    		 19.43

    There is a limit to how many columns we can show in the table. The S&P 500’s forward P/E ratio is now 17.94, compared with 16.79 at the end of 2022 and 21.53 at the end of 2021. The benchmark index’s P/E is above its 10- and 15-year average levels but below the five-year average.

    If we compare the current sector P/E numbers to 5-, 10- and 15-year averages, we can see that the current levels are below all three averages for four sectors: utilities, real estate, financials and communications services. The first three face obvious difficulties as they adjust to the rising-rate environment, while the real-estate sector reels from continuing low usage rates for office buildings, from the change in behavior brought about by the COVID-19 pandemic.

    Your own opinions, along with the pricing for some sectors, might drive some investment choices.

    A broader screen of the S&P 500 might point to companies for you to research further.

    We narrowed the S&P 500 as follows:

    • Current forward P/E below 5-, 10- and 15-year average valuations. For stocks with negative earnings-per-share estimates for the next 12 months, there is no forward P/E ratio so they were excluded. For stocks listed for less than 15 years, we required at least a 5-year average P/E for comparison. This brought the list down to 138 companies.

    • “Buy” or equivalent ratings from at least two-thirds of analysts: 41 companies.

    Here are the 20 companies that passed the screen, for which analysts’ price targets imply the highest upside potential over the next 12 months.

    There is too much data for one table, so first we will show the P/E information:

    Company

    		 Ticker

    		 Current P/E to 5-year average

    		 Current P/E to 10-year average

    		 Current P/E to 15-year average
    SolarEdge Technologies Inc.

    		 SEDG 89%

    		 N/A

    		 N/A
    AES Corp.

    		 AES 66%

    		 75%

    		 90%
    Insulet Corp.

    		 PODD 18%

    		 N/A

    		 N/A
    United Airlines Holdings Inc.

    		 UAL 42%

    		 50%

    		 N/A
    Alaska Air Group Inc.

    		 ALK 51%

    		 57%

    		 N/A
    Tapestry Inc.

    		 TPR 39%

    		 49%

    		 70%
    Albemarle Corp.

    		 ALB 39%

    		 50%

    		 73%
    Delta Air Lines Inc.

    		 DAL 60%

    		 63%

    		 21%
    Alexandria Real Estate Equities Inc.

    		 ARE 59%

    		 68%

    		 N/A
    Las Vegas Sands Corp.

    		 LVS 96%

    		 78%

    		 53%
    Paycom Software Inc.

    		 PAYC 61%

    		 N/A

    		 N/A
    PayPal Holdings Inc.

    		 PYPL 33%

    		 N/A

    		 N/A
    SBA Communications Corp. Class A

    		 SBAC 27%

    		 N/A

    		 N/A
    Advanced Micro Devices Inc.

    		 AMD 58%

    		 39%

    		 N/A
    LKQ Corp.

    		 LKQ 92%

    		 44%

    		 78%
    Charles Schwab Corp.

    		 SCHW 75%

    		 54%

    		 73%
    PulteGroup Inc.

    		 PHM 94%

    		 47%

    		 N/A
    Lamb Weston Holdings Inc.

    		 LW 71%

    		 N/A

    		 N/A
    News Corp Class A

    		 NWSA 93%

    		 73%

    		 N/A
    CVS Health Corp.

    		 CVS 75%

    		 61%

    		 67%
    Source: FactSet

    Click on the tickers for more about each company or index.

    Click here for Tomi Kilgore’s detailed guide to the wealth of information available for free on the MarketWatch quote page.

    News Corp
    NWSA
    is on the list. The company owns Dow Jones, which in turn owns MarketWatch.

    Here’s the list again, with ratings and consensus price-target information:

    Company

    		 Ticker

    		 Share “buy” ratings

    		 Oct. 2 price

    		 Consensus price target

    		 Implied 12-month upside potential
    SolarEdge Technologies Inc.

    		 SEDG 74%

    		 $122.56

    		 $268.77

    		 119%
    AES Corp.

    		 AES 79%

    		 $14.16

    		 $25.60

    		 81%
    Insulet Corp.

    		 PODD 68%

    		 $165.04

    		 $279.00

    		 69%
    United Airlines Holdings Inc.

    		 UAL 71%

    		 $41.62

    		 $69.52

    		 67%
    Alaska Air Group Inc.

    		 ALK 87%

    		 $36.83

    		 $61.31

    		 66%
    Tapestry Inc.

    		 TPR 75%

    		 $28.58

    		 $46.21

    		 62%
    Albemarle Corp.

    		 ALB 81%

    		 $162.41

    		 $259.95

    		 60%
    Delta Air Lines Inc.

    		 DAL 95%

    		 $36.45

    		 $58.11

    		 59%
    Alexandria Real Estate Equities Inc.

    		 ARE 100%

    		 $98.18

    		 $149.45

    		 52%
    Las Vegas Sands Corp.

    		 LVS 72%

    		 $45.70

    		 $68.15

    		 49%
    Paycom Software Inc.

    		 PAYC 77%

    		 $260.04

    		 $384.89

    		 48%
    PayPal Holdings Inc.

    		 PYPL 69%

    		 $58.56

    		 $86.38

    		 48%
    SBA Communications Corp. Class A

    		 SBAC 68%

    		 $198.24

    		 $276.69

    		 40%
    Advanced Micro Devices Inc.

    		 AMD 74%

    		 $103.27

    		 $143.07

    		 39%
    LKQ Corp.

    		 LKQ 82%

    		 $49.13

    		 $67.13

    		 37%
    Charles Schwab Corp.

    		 SCHW 77%

    		 $53.55

    		 $72.67

    		 36%
    PulteGroup Inc.

    		 PHM 81%

    		 $73.22

    		 $98.60

    		 35%
    Lamb Weston Holdings Inc.

    		 LW 100%

    		 $92.23

    		 $123.50

    		 34%
    News Corp Class A

    		 NWSA 78%

    		 $20.00

    		 $26.42

    		 32%
    CVS Health Corp.

    		 CVS 77%

    		 $69.69

    		 $90.88

    		 30%
    Source: FactSet

    A year may actually be a short period for a long-term investor, but 12-month price targets are the norm for analysts working for brokerage companies.

    Don’t miss: This fund shows that industry expertise can help you make a lot of money in the stock market

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  • Delta Air Lines stock surges to 2-year high after earnings beat, raised outlook

    Delta Air Lines stock surges to 2-year high after earnings beat, raised outlook

    Shares of Delta Air Lines Inc. surged toward a more-than two-year high Thursday, after the air carrier reported second-quarter profit and revenue that rose above forecast, and boosted its full-year outlook citing continued “robust” travel demand.

    Delta
    DAL,
    -1.46%
    said net income more than doubled to $1.83 billion, or $2.84 a share, from $735 million, or $1.15 a share, in the year-ago period.

    Excluding nonrecurring items, adjusted earnings per share of $2.68 beat the FactSet consensus of $2.40.

    Revenue grew 12.7% to $15.78 billion, well above the FactSet consensus of $14.44 billion,

    For 2023, the company raised its EPS guidance range to $6 to $7 from $5 to $6, and increased its outlook for free cash flow to $3 billion from $2 billion.

    The stock jumped 3.5% in premarket trading, putting it on track to open at the highest price seen during regular-sessions hours since April 2021.

    “Consumer demand for air travel remains robust,” said Chief Executive Ed Bastian.

    Traffic increased 18.0% to 60.80 billion revenue passenger miles while capacity grew 17.1% to 68.99 billion available seat miles. Load factor improved one percentage point to 88%, to beat the FactSet consensus of 87.2%.

    The stock has run up 42.1% over the past three months through Wednesday, while the U.S. Global Jets exchange-traded fund
    JETS,
    -0.81%
    has climbed 22.1% and the S&P 500 index
    SPX,
    +0.74%
    has gained 9.3%.

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  • Air Travel Is Booming. 2 Stocks to Buy That Aren’t Airlines.

    Air Travel Is Booming. 2 Stocks to Buy That Aren’t Airlines.

    Air Travel Is Booming. 2 Stocks to Buy That Aren’t Airlines.

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  • Delta stock surges after airline swings to profit, beats revenue forecasts and provides upbeat outlook

    Delta stock surges after airline swings to profit, beats revenue forecasts and provides upbeat outlook

    Shares of Delta Air Lines Inc. surged Thursday, after the air carrier swung to a first-quarter profit as revenue rose above expectations, and said it was “confident” in its full-year projections given a “strong” outlook for the current quarter.

    The company reported a net loss that narrowed to $363 million, or 57 cents a share, from $940 million, or $1.48 a share, in the same period a year ago.

    But…

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  • American Airlines stock dives after profit outlook raised, but disappoints Wall Street

    American Airlines stock dives after profit outlook raised, but disappoints Wall Street

    Shares of American Airlines Group Inc. were rocked Wednesday, after the air carrier raised its profit outlook, but not by enough to match Wall Street expectations.

    The company said before the open that it expects first-quarter adjusted earnings per share of 1 cent to 5 cents, compared with a per-share loss of $2.32 a year ago. While that’s better than previous guidance for an “approximately breakeven” quarter, the average EPS estimate of analysts surveyed by FactSet was 5 cents.

    The…

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  • JPMorgan Chase, Delta, Inflation Data, the Fed, and More to Watch This Week

    JPMorgan Chase, Delta, Inflation Data, the Fed, and More to Watch This Week

    First-quarter earnings season kicks off this week. Results from big U.S. banks later in the week will be heavily scrutinized for the impact of the past month’s turmoil in the sector. Economic-data highlights will include the latest inflation data and minutes from the Federal Open Market Committee’s late-March meeting.



    Albertsons


    and


    CarMax


    will report on Tuesday, followed by


    Delta Air Lines


    and


    Fastenal


    on Thursday. Things pick up on Friday:


    Citigroup



    JPMorgan Chase



    Wells Fargo



    BlackRock


    and


    UnitedHealth Group


    are all scheduled to release their first-quarter results.

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  • Delta Beats Profit Estimates. Why the Stock Is Falling.

    Delta Beats Profit Estimates. Why the Stock Is Falling.



    Delta Air Lines


    beat earnings estimates in the fourth quarter as air travel demand remained strong but the stock fell in early trading Friday as the carrier’s first quarter guidance disappointed.

    The airline (ticker: DAL) reported adjusted earnings per share of $1.48 in the fourth quarter, and revenue of $12.3 billion, an 8% increase on the same period in 2019.

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  • Airline stocks fell premarket after FAA says all U.S. flights grounded over computer outage

    Airline stocks fell premarket after FAA says all U.S. flights grounded over computer outage

    Airlines stocks fell across the board in premarket trade Wednesday, after the Federal Aviation Administration said a computer outage had led to all U.S. fights being grounded. The agency said on its website that its “Notice to Air Missions” system has been activated “to address the equipment outage issues for the U.S. NOTAM system.” A NOTAM is a notice for workers engaged in flight operations. There was no indication of when service might be restored. Southwest Airlines Co.
    LUV,
    +1.68%
    led the decliners, falling 2.5%. American Airlines Group Inc.
    AAL,
    +3.97%
    was down 1.6%, United Airlines Holdings Inc.
    UAL,
    +5.54%
    was down 0.8%, JetBlue Airways Corp.
    JBLU,
    +4.92%
    was down 0.7% and Delta Air Lines Inc.
    DAL,
    +3.59%
    was down 0.7%. The U.S. Global Jets ETF
    JETS,
    +2.40%
    was down 0.7% and has fallen 14% in the last 12 months, while the S&P 500
    SPX,
    +0.70%
    has fallen 17%.

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  • Delta Air Lines stock jumps on raised guidance, as carrier cites ‘robust’ demand for air travel

    Delta Air Lines stock jumps on raised guidance, as carrier cites ‘robust’ demand for air travel

    Delta Air Lines’ stock rose 4.7% before market open on Wednesday after the company raised its earnings guidance.

    The carrier
    DAL,
    -4.00%
    said it is executing on its three-year recovery plan, with year-one results ahead of expectations. Delta also highlighted robust demand for air travel as the industry recovers from the widespread disruption caused by the COVID-19 pandemic.

    The carrier raised its 2022 adjusted EPS guidance to $3.07 to $3.12. Analysts surveyed by FactSet were looking for earnings of $2.88 a share. For 2023, Delta Air Lines Inc. forecast a near doubling of adjusted earnings to $5 to $6 a share.

    See Now: After too little, too much, there are ‘Goldilocks’ conditions for air travel in 2023

    Delta also forecast 2023 revenue growth at 15% to 20% compared with 2022 and said it is on track to meet its 2024 earnings target of more than $7 a share. “Demand for air travel remains robust as we exit the year and Delta’s momentum is building,” said Delta CEO Ed Bastian, in a statement.

    Delta said it expects to deliver strong topline growth in 2023 and significant operating leverage, boosted by a full restoration of its network and continued improvements in premium and loyalty revenue.

    Non-fuel unit costs are expected to decline 5% to 7%, driving Delta’s margin expansion and adjusted earnings growth, the company said. Delta expects to generate more than $2 billion of free cash flow, which it said will enable further debt reduction.

    See Now: Delta kicked off airline earnings season with a bang. What does it mean for other carriers?

    “2022 is proving to be a pivotal year as we rebuild the world’s best-performing airline,” said Bastian, in the statement.

    The company’s robust guidance boosted other airline stocks before market open, with United Airlines Holdings Inc.
    UAL,
    -6.94%
    rising 1.4%, American Airlines Group Inc.
    AAL,
    -5.21%
    gaining 1.3%, and JetBlue Airways Corp.
    JBLU,
    -7.67%
    rising 1.3%.

    Delta shares have fallen 14.6% this year, compared with the S&P 500 index’s
    SPX,
    +0.73%
    decline of 15.7% and the U.S Global Jets ETF’s
    JETS,
    -2.85%
    slump of 14.3%. 

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  • S&P 500, Nasdaq post worst day in month after strong data fuels worry about Fed rate hikes

    S&P 500, Nasdaq post worst day in month after strong data fuels worry about Fed rate hikes

    The S&P 500 and Nasdaq Composite indexes recorded their worst day in almost a month on Monday, after a hotter-than-expected U.S. services-sector reading fueled concerns that the Federal Reserve may need to be even more aggressive in its inflation battle.

    How stocks traded
    • The Dow Jones Industrial Average
      DJIA,
      -0.26%
      finished down 482.78 points, or 1.4%, at 33,947.10.

    • The S&P 500
      SPX,
      -1.79%
      ended 72.86 points lower, or 1.8%, at 3,998.84.

    • The Nasdaq Composite
      COMP,
      -11.01%
      closed down 221.56 points, or 1.9%, at 11,239.94.

    • Those were the largest declines for the S&P 500 and Nasdaq Composite since Nov. 9, according to Dow Jones Market Data.

    Stocks finished mixed on Friday, although they clinched gains last week, following a robust November jobs report, which stoked fears that inflation might not be so easily defeated.

    What drove markets

    Strong wage growth numbers released Friday were followed up on Monday by a robust reading for the U.S. services sector — both of which helped to stoke fears that the Fed’s interest-rate hikes, along with the central bank’s modest balance-sheet unwind, haven’t had much of an impact on the tight labor market.

    The ISM barometer of U.S. business conditions in the service sector came in stronger than expected, rising to 56.5% in November, a healthy showing that signals the U.S. economy is still expanding at a steady pace.

    “If nothing else, the ISM services report is being interpreted as very strong, and thus the economy is overheating and that means more Fed tightening,” said Will Compernolle, a senior economist at FHN Financial in New York. “Consumer resilience has proven to be more intense than I would have expected. In the two most interest-rate sensitive sectors — housing and autos — tightening has channeled into markets in meaningful ways.”

    But there has been so much pent-up demand, that higher interest rates haven’t been cooling overall spending as much as the Fed would like because companies are still having to fill a backlog of orders, he said via phone.

    In other economic data, the final November S&P Global U.S. services PMI edged up to 46.2 from 46.1, but remained in contractionary territory.

    November jobs data released on Friday showed average hourly wages grew over the past year by more than 5% as of November, beating economists’ expectations and stoking concerns that robust wage growth would continue to fuel inflation, market strategists said.

    Worries about a more-aggressive Fed also helped to drive Treasury yields higher, adding to the pressure on stocks. The yield on the 10-year note rose 9.6 basis points to 3.6% on Monday. Treasury yields move inversely to prices, and yields had fallen sharply over the past month, driven by shifting expectations about the pace of Fed rate hikes.

    Monday’s ISM services figure “surprised to the upside, suggesting that the economy is still running above its long-run sustainable path and that the Fed is going to have to slow the economy more than expected in 2023,” Bill Adams, the Dallas-based chief economist for Comerica Inc. CMA, said via phone.

    In other markets news, signs that China’s government is easing its COVID restrictions helped Hong Kong’s Hang Seng Index
    HSI,
    +4.51%
    finish with a 4.5% gain.

    See also: Chinese ADRs and casino operators rally on signs of easing COVID

    Meanwhile, oil futures ended lower on Monday, a day after Sunday’s decision by OPEC and its allies to keep production quotas unchanged.

    Falling equity prices helped drive the CBOE Volatility Index
    VIX,
    +8.87%    ,
    also known as the VIX, back above 20 on Monday. The volatility gauge had fallen sharply in recent weeks as stocks rallied, potentially signaling complacency that could ultimately hurt stocks, said Jonathan Krinsky, chief market technician at BTIG, in a note to clients.

    Companies in focus

    ––Jamie Chisholm contributed reporting to this article.

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  • Airline stocks rise as daily travelers reach highest level since before the pandemic

    Airline stocks rise as daily travelers reach highest level since before the pandemic

    Share of airline companies enjoyed a broad rally Monday, boosted by data showing the most people flew on Sunday since before the pandemic, and by the rally in the broader stock market. The U.S. Global Jets ETF
    JETS,
    +2.02%
    climbed 1.5% in morning trading, while the S&P 500
    SPX,
    +2.65%
    jumped 2.6%. Among the Jets ETF’s more-active U.S. based carriers, shares of American Airlines Group Inc.
    AAL,
    +0.69%
    rose 0.5%, Delta Air Lines Inc.
    DAL,
    +0.16%
    tacked on 0.2% and United Airlines Holdings Inc.
    UAL,
    +1.78%
    rose 0.7%. Elsewhere, shares of aerospace giant Boeing Co.’s stock
    BA,
    +2.21%
    rose 0.3%. Data from the Transportation Security Administration (TSA) showed that 2.495 million travelers went through TSA checkpoints on Sunday, which is just above the previous 2022 high of 2.490 million on July 1, and the most since Feb. 11, 2020, which was exactly one month before the World Health Organization declared COVID-19 a global pandemic. In comparison, the fewest daily travelers post-pandemic was 87,534 on April 12, 2022. And in 2019, there were 116 days of more travelers than Sunday, while the average for that year was 2.306 million.

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  • What’s Moong Dal + 3 Ways To Cook It

    What’s Moong Dal + 3 Ways To Cook It

    What’s moong dal exactly? And how do you use it in recipes? Learn more about these tiny yellow beans and discover 3 ways to cook them!

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