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Stocks capped their third straight down week with a sharp drop Thursday as a weak jobs report muzzled all the green-shoots talk and investors hunkered down. The Dow lost 1.9 percent this week.
As crude marches higher the Airline Index has been taking it on the chin down about 6% in the last week. But not all airline stocks are created equal.
Jim Iuorio, director at TJM Institutional Services, and David Lutz, managing director at Stifel Nicolaus Capital Markets, weighed in on the best places to invest now.
Delta Air Lines, Air France and KLM signed a deal Wednesday to combine two separate joint venture agreements into one to create a more integrated trans-Atlantic powerhouse that they said will generate $12 billion in annual revenue.
Mexico has lowered its estimated death toll from new influenza strain referred to as swine flu to 101 from as many as 176. Italy reported its first case of the H1N1 virus.
As mentioned earlier this week, a number of companies this week have signaled some stabilization in conditions, with some even hinting of a bottom.
While indicating a modestly lower open earlier this morning, the markets turned around late in the morning on a strong rebound in financials and the digestion of a series of less pessimistic comments by corporate executives.
The slumping economy negatively impacted many smaller companies that reported earnings on Tuesday. The following are some firms that reported earnings before the opening bell:
Markets are bracing for a landslide of earnings news Tuesday and more focus on the Treasury's bank bailout plans.
U.S. air carriers led by Hawaiian Airlines took some of the hassle out of flying last year. The airline industry had its best performance in four years in 2008, private researchers said Monday in their annual study of airline quality, based on government statistics.
As franchises push to increase revenue, many of the lounges, restaurants and suites at both the Mets Citi Field and the new Yankee Stadium are named after companies looking to reach consumers in other ways than just the traditional logo in the ballpark.
Asian markets touched two-month highs on Tuesday, with financial stocks among the leaders, as the U.S. government's plan to absorb toxic debts met with investor approval.
The number of job cuts continued to soar in February 2009, reflecting the worsening US recession.
More companies announced layoffs this week as the employment picture continued to dim. JPMorgan Chase and Chesapeake Energy were among the latest names on Thursday to announce job cuts.
Delta Air Lines and Continental Airlines saw unusual options activity yesterday, as airline stocks surged across the board.
The Dow and S&P slumped to 11-year lows on Monday as investors lost faith that the U.S. government will be able to stabilize the financial system.
Another round of layoffs was announced on Thursday, adding to the gloom over rising unemployment. Delta Air Lines and Performance Food Group were among the latest names on Wednesday to announce job cuts.
Cramer makes the call on viewers' favorite stocks.
The pace of corporate layoffs picked up sharply in January 2009, reflecting the worsening US recession.
On top of all the other economic problems, things are terrible in the travel industry. Portoflio.com has the details.