Airlines are soaring on lower oil prices, but other stocks are also seeing big boosts after OPEC's decision not to cut rates.» Read More
Congress passed the trade restriction in the 1970 s after the Arab oil embargo caused fears of domestic oil shortages. The group of 14 producers has "united to create an advocacy initiative to help repeal the outdated ban on crude oil exports," Daren Beaudo, a spokesman for ConocoPhillips, one of the member companies, said in an email. The U.S. drilling boom of the past...
Travel-related shares were mixed after N.Y. officials confirmed the state's first case of the Ebola virus, but losses were capped by upbeat earnings.
Global equity strategists pick out U.S. sectors and stocks that could be affected in Friday's trading session on the back of the NY Ebola case.
Oct 23- Several U.S. airlines reported strong third-quarter profits on Thursday, helped by falling fuel costs, with many topping Wall Street's earnings per share estimates. The exception was United Airlines which fell 1.4 percent after it projected unit revenue for the current quarter below Wall Street's expectations. However, the Chicago- based carrier as...
The 27 percent rise in quarterly profits reflected an increase in passenger boardings and lower fuel costs.
*Gulf airlines using Italy as base for expansion. Italy is Europe's fourth largest travel market, one of the world's top tourist destinations and its thriving fashion and leather industry underpin demand for business travel. That is taking passengers away from Germany's Lufthansa, British Airways and Air France-KLM in Europe, and Delta Air Lines and American...
Thirty-two stocks in the S&P 500 have rebounded 10 percent or more since the market's low last week, including Chesapeake Energy, Delta and Southwest.
The price of a domestic one-way airline ticket is on the rise. And getting the increase to stick wasn't easy.
The S&P sectors leading the market rebound are the same groups that led the decline: Materials, energy and industrials.
Art Cashin of UBS Financial Services says oil above $82 is supportive of the market, helping major averages recover from last week's whipsaw action.
Some of Tuesday's midday movers:
A number of old-school industrial companies and and multi-industry conglomerates have given investors something to cheer about with upbeat guidance.
Some of the names on the move ahead of the open.
The airlines are raising base fares on many domestic flights despite windfalls from lower fuel prices.
Oct 20- Major U.S. airlines have raised domestic one-way fares by $2 on average since Thursday, marking the first industry wide increase in half a year. The news may quell investors' concern that airline revenue will fall if the Ebola virus discourages people from traveling, and the stocks of Delta Air Lines, American Airlines and United Airlines rose on average...
Now that the market is in a better place, investors are circling back to the winners. Jim Cramer is feasting on profits from these stocks.
Some of Monday's midday movers:
BOSTON, Oct 17- Taking a page from his last job, Eaton Vance's new Chief Equity Investment Officer bets that reorganizing his analysts into new teams will boost performance. Since joining the Boston company in April from Goldman Sachs, Edward Perkin has regrouped Eaton Vance's 27 stock analysts into teams meant to develop investment ideas that match the...
Oct 16- Delta Air Lines said Ebola fears have not hurt the carrier's bookings, forecasting strong current-quarter margins as it ramps up capacity in the Americas and trims growth on transatlantic and Pacific routes. Many of the capacity changes will begin this winter, after Delta has already reduced seats serving Moscow, Tel Aviv and Ebola-ravaged West Africa...
"I am not losing anything by putting on gloves and a mask. It is just an extra precaution," one man said.