The Fed came very close to promising a rate cut Wednesday, and now markets are focused on a possible July rate cut.Market Insiderread more
Markets had expected the central bank to keep its benchmark interest rate steady while setting up a cut at the July meeting.The Fedread more
Powell said policymakers are concerned about some of the recent economic developments and see a growing case for easier policy.The Fedread more
The Fed chief said that despite reports that Trump was looking to demote or fire him, he doesn't plan on leaving anytime soon.The Fedread more
With bold and targeted steps, economists say, government can increase opportunity and incomes for many more people in ways that strengthen, not weaken, American capitalism.Politicsread more
Slack Technologies' reference price was set at $26 per share, the New York Stock Exchange announced Wednesday evening.Technologyread more
If the Trump administration and Congress fail to reach a spending agreement, the White House will offer to keep the government funded at its current levels for a year, Mnuchin...Politicsread more
With the Federal Reserve deciding not to cut interest rates but leaving the door open for future cuts, experts are split on what comes next.Trading Nationread more
Slack's public market debut on Thursday will generate billions for venture firm Accel and healthy returns for Andreessen Horowitz and Social CapitalTechnologyread more
Investors need to be cautious because the economy will get hurt the longer the trade war drags on, Jim Cramer says.Mad Money with Jim Cramerread more
Oracle found revenue growth from cloud applications in its fiscal fourth quarter, which helped it surpass analysts' expectations.Technologyread more
Barclays on Thursday initiated coverage of Delta Air Lines at overweight, calling it a leader in the sector and highlighting its strong relationships with staff and customers.
"A culture driven for respect for customers and employees blended with shrewd capital management has transformed Delta into one of the largest, safest and most profitable airlines in the world," wrote Barclays analyst Brandon Oglenski.
"Given Delta's leadership position in a sector we view as affording investors deep value, we are hard pressed not to have a large representation of Delta shares in the portfolio."
This may come as a surprise to critics of the airline industry. Rival United Airlines recently faced a barrage of negative publicity after a viral video showed the forced removal of a passenger from an overbooked flight.
Delta also recently dealt with customer complaints after airline employees removed a couple with two toddlers so their seats could be given to other waiting passengers. The disagreement was about whether the family was allowed to use a seat originally purchased for their teenage son for one of their toddlers.
United and Delta apologized for the incidents.
Oglenski pointed to a number of trends that could boost Delta's stock price in the next year.
"With continued outperformance on margins, returns and free cash generation relative to peers, we think historical airline valuation is becoming less relevant for Delta specifically," he said. "In our view, a re-rating of Delta's stock is warranted."
The analyst's overweight rating included a 12-month price target of $70, which is 41 percent higher than Wednesday's closing price.
Though Delta's stock is up only 1 percent this year, Barclays research is looking for big things in both domestic and foreign markets, which now represent about 30 percent of revenue.
"Branded fares, loyalty programs, global alliances, and capital discipline make for a bright future at Delta," concluded Oglenski. "Given significant growth in global air travel, especially relative to US expansion in recent years, Delta's international strategy could represent meaningful future upside for the company."