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Vipshop Holdings Limited VIPS is set to report first-quarter 2023 results on May 23.VIPS expects first-quarter total net revenues between RMB 25.2 billion and RMB 26.5 billion, indicating growth of 0-5% from the prior-year quarter’s reported figure.The Zacks Consensus Estimate for revenues is pegged at $3.77 billion, suggesting a decline of 5.3% from the year-ago reported figure.The consensus mark for earnings per share is pegged at 39 cents per share, indicating growth of 18.2% from the prior-year reported figure.Vipshop’s earnings surpassed the Zacks Consensus Estimate in all the trailing four quarters, the average earnings surprise being 22.91%.Vipshop Holdings Limited Price and EPS SurpriseVipshop Holdings Limited Price and EPS SurpriseVipshop Holdings Limited price-eps-surprise | Vipshop Holdings Limited QuoteKey Factors at PlayVipshop’s growing efforts to strengthen product offerings and improve product procurement are expected to have benefited its first-quarter performance.Solid execution of Vipshop’s merchandising strategy is likely to have bolstered its total active customer base in the to-be-reported quarter.VIPS’ quarterly results are expected to reflect its deepening focus on high-margin apparel-related businesses, especially the discount apparel business.The business is expected to have accelerated Vipshop’s gross merchandise volume (GMV) in the quarter under review.Additionally, its successful transition to discount retailing remains a major positive. This is anticipated to have continued driving the momentum across repeated customers and helped attract new ones.VIPS’ deep discount channels are expected to have bolstered its online GMV in the to-be-reported quarter.However, weakening consumer demand in discretionary categories due to the challenging macroenvironment in China might have been a negative.Also, the impacts of intensifying competition in the online shopping market are anticipated to get reflected in the upcoming results of Vipshop.Story continuesWhat Our Model SaysOur proven model doesn’t conclusively predict an earnings beat for Vipshop this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. But that’s not the case here, as you see below.Vipshop has a Zacks Rank #2 and an Earnings ESP of 0.00%. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.Stocks to ConsiderHere are some stocks worth considering, as our model shows that they have the right combination of elements to beat on earnings this season.Autodesk ADSK has an Earnings ESP of +1.76% and a Zacks Rank #3 at present. You can see the complete list of today’s Zacks #1 Rank stocks here.ADSK is scheduled to release first-quarter 2024 results on May 25. The Zacks Consensus Estimate for ADSK’s earnings is pegged at $1.55 per share, suggesting a rise of 8.4% year over year.Agilent Technologies A has an Earnings ESP of +0.40% and currently carries a Zacks Rank #2.Agilent Technologies is set to report second-quarter fiscal 2023 results on May 23. The Zacks Consensus Estimate for A’s earnings is pegged at $1.27 per share, implying a 12.4% increase from the prior-year quarter’s reported figure.Costco Wholesale COST has an Earnings ESP of +0.04% and a Zacks Rank #3 at present.COST is scheduled to report third-quarter fiscal 2023 results on May 25. The Zacks Consensus Estimate for COST’s earnings is pegged at $3.32 per share, suggesting an increase of 4.7% from the prior-year quarter’s reported figure.Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free reportAgilent Technologies, Inc. (A) : Free Stock Analysis ReportCostco Wholesale Corporation (COST) : Free Stock Analysis ReportAutodesk, Inc. (ADSK) : Free Stock Analysis ReportVipshop Holdings Limited (VIPS) : Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment Research

Zacks

Vipshop (VIPS) to Post Q1 Earnings: What's in the Offing?

https://finance.yahoo.com/news/vipshop-vips-post-q1-earnings-161404714.html

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SANTA CLARA, Calif., May 19, 2023--(BUSINESS WIRE)--Agilent Technologies Inc. (NYSE: A), announced today the company intends to appeal the U.S. Patent and Trademarks Office (USPTO) Patent Trial and Appeal Board’s (PTAB) Final Written Decision in connection with the Inter Partes review (IPR) of U.S. Patent Nos. 10,337,001 & 10,900,034 (the Agilent Patents). The PTAB recently reversed the USPTO’s original decision granting claims directed towards chemically modified synthetic CRISPR guide RNA.Agilent respectfully disagrees with the PTAB’s opinion of unpatentability in view of prior art previously considered by the USPTO during its primary examination. The work presented in the two Agilent Patents is also discussed in a publication as part of a broader collaboration with Stanford University in the widely cited paper: Hendel, Ayal et al. "Chemically modified guide RNAs enhance CRISPR-Cas genome editing in human primary cells." Nature biotechnology vol. 33,9 (2015): 985-989. doi:10.1038/nbt.3290.The Agilent Patents describe synthesis and testing of hundreds of chemically modified CRISPR guide RNA molecules that were shown to improve the efficiency of CRISPR-based gene editing. Prior to the work done by Agilent’s inventors, it was not known whether the many chemical modifications Agilent made to the various and long guide RNAs would disrupt functionality of the gRNA:Cas enzyme complex. That answer was discovered and disclosed by the Agilent inventors as a multidisciplinary team and using Agilent’s own patented chemical synthesis methods.Building upon its years of expertise in nucleic acid synthesis, Agilent offers the scientific community both research-grade and cGMP-grade guide RNA products incorporating chemical modifications. Agilent’s SureGuide research-grade gRNA products are made and sold in Agilent’s production facility in Santa Clara, California. Agilent’s Nucleic Acid Solutions Division makes and sells its large-scale, cGMP-grade ClinGuide products in its state-of-the art production facilities headquartered in Boulder, Colorado.Story continuesAgilent is confident in the innovative contributions made by its scientists and intends to appeal to the United States Court of Appeals for the Federal Circuit. This patent family also remains open with ongoing prosecution of new claims. Agilent’s Patents will persist until all appeals have been exhausted, and the PTAB decision does not affect Agilent’s continued leadership in CRISPR technologies as a provider of superior-quality guide RNAs. The PTAB’s decision in no way affects Agilent’s ability to make or sell chemically modified gRNA guides.About Agilent TechnologiesAgilent Technologies Inc. (NYSE: A) is a global leader in analytical and clinical laboratory technologies, delivering insights and innovation that help our customers bring great science to life. Agilent’s full range of solutions includes instruments, software, services, and expertise that provide trusted answers to our customers' most challenging questions. The company generated revenue of $6.85 billion in fiscal 2022 and employs 18,000 people worldwide. Information about Agilent is available at www.agilent.com. To receive the latest Agilent news, subscribe to the Agilent Newsroom. Follow Agilent on LinkedIn and Facebook.View source version on businesswire.com: https://www.businesswire.com/news/home/20230518005808/en/ContactsINVESTOR CONTACT:Parmeet Ahuja+1 408 345 8948Parmeet_Ahuja@agilent.comMEDIA CONTACT:Sarah LittonAgilent Technologies+1 669 255 7696sarah.litton@agilent.com

Business Wire

Agilent to Appeal Patent Office Decision on CRISPR gRNA Patents

https://finance.yahoo.com/news/agilent-appeal-patent-office-decision-012500775.html

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Agilent Technologies A is set to report its second-quarter fiscal 2023 results on May 23.For the fiscal second quarter, A expects revenues of $1.655-$1.680 billion, suggesting growth between 6% and 7.5% on a core basis from the year-ago fiscal quarter’s actuals. The Zacks Consensus Estimate for the same is pegged at $1.67 billion, implying growth of 3.8% from the year-ago fiscal quarter’s reported figure.Agilent’s non-GAAP earnings are expected to be $1.24-1.27 per share. The Zacks Consensus Estimate for earnings is pegged at $1.27 per share, indicating growth of 12.4% from the year-ago fiscal quarter’s reported figure.Agilent’s earnings surpassed the Zacks Consensus Estimate in all the trailing four quarters, the average being 7.03%.Agilent Technologies, Inc. Price and EPS SurpriseAgilent Technologies, Inc. Price and EPS SurpriseAgilent Technologies, Inc. price-eps-surprise | Agilent Technologies, Inc. QuoteKey Factors to NoteAgilent’s performance in the fiscal second quarter is likely to have benefited from solid momentum in the chemical & advanced materials markets.Additionally, A’s strength in the Life Sciences & Applied Markets Group (LSAG) segment, owing to growth in Spectra business and strengthening spectroscopy base across various end markets, is expected to have contributed to its performance in the quarter under review.The Zacks Consensus Estimate for LSAG is pegged at $938 million, implying growth of 4.7% from the year-ago fiscal quarter’s reported figure.Moreover, during the fiscal second quarter, Agilent’s Cross Lab Group (ACG) segment is likely to have benefited from service business growth on the back of strong customer-lab operations.The Zacks Consensus Estimate for ACG is pegged at $367 million, implying growth of 3.96% from the year-ago fiscal quarter’s reported figure.Agilent’s Strength in NASD and Genomics portfolio is likely to have contributed to the Diagnostics and Genomics Group (DGG) segment in the second quarter.The Zacks Consensus Estimate for DGG is pegged at $362 million, implying growth of 1.1% from the year-ago fiscal quarter’s reported figure.Further, strength in the Americas region and growth in the European businesses are expected to have remained tailwinds in the quarter under discussion.However, mounting expenses and macroeconomic headwinds are likely to have remained a headwind in the quarter under review.Story continuesWhat Our Model SaysOur proven model predicts an earnings beat for Agilent. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. You can uncover the best stocks to buy or sell before they are reported with our Earnings ESP FilterAgilent has an Earnings ESP of +0.40% and a Zacks Rank #3 at present.Other Stocks to ConsiderHere are some stocks worth considering as our model shows that these have the right combination of elements to beat on earnings this season.Autodesk ADSK has an Earnings ESP of +1.76% and a Zacks Rank #3 at present. You can see the complete list of today’s Zacks #1 Rank stocks here.ADSK is scheduled to release first-quarter 2024 results on May 25. The Zacks Consensus Estimate for ADSK’s earnings is pegged at $1.55 per share, suggesting a rise of 8.4% year over year.NVIDIA NVDA has an Earnings ESP of +2.43% and carries a Zacks Rank #3 at present.NVDA is slated to report first-quarter fiscal 2024 results on May 24. The Zacks Consensus Estimate for NVDA’s first-quarter earnings is pegged at 92 cents per share, indicating a year-over-year decline of 32.4%.Costco Wholesale COST has an Earnings ESP of +0.04% and a Zacks Rank #3 at present.COST is scheduled to report third-quarter fiscal 2023 results on May 25. The Zacks Consensus Estimate for COST’s earnings is pegged at $3.32 per share, suggesting an increase of 4.7% from the prior-year quarter’s reported figure.Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free reportNVIDIA Corporation (NVDA) : Free Stock Analysis ReportAgilent Technologies, Inc. (A) : Free Stock Analysis ReportCostco Wholesale Corporation (COST) : Free Stock Analysis ReportAutodesk, Inc. (ADSK) : Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment Research

Zacks

Agilent Technologies (A) to Post Q2 Earnings: What's in Store?

https://finance.yahoo.com/news/agilent-technologies-post-q2-earnings-150803307.html

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Earnings reports from Zoom Video, Lowe’s, Snowflake, Best Buy, Costco, and Ulta. Plus, minutes from the Federal Reserve’s May meeting and core PCE inflation data.Continue reading

Barrons.com

Costco, JPMorgan, Snowflake, Ford, Zoom, and More Stocks to Watch This Week

https://finance.yahoo.com/m/5f7a781e-1e0c-30b0-a052-1d88fc0ce184/costco-jpmorgan-snowflake-.html

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Agilent Technologies A reported second-quarter fiscal 2023 earnings of $1.27 per share, which came in line with the Zacks Consensus Estimate. The bottom line increased by 12.4% from the year-ago fiscal quarter’s level.Revenues of $1.72 billion surpassed the Zacks Consensus Estimate of $1.67 billion. The top line was up 6.8% on a reported basis and 9.5% on a core basis from the respective year-ago fiscal quarter’s levels.Top-line growth was driven by strong momentum across Food, Academia & Gov’t and Chemistry & Advanced Materials markets. A strong performance in China also contributed well.Segmental Top Line DetailsAgilent has three reporting segments, namely, Life Sciences & Applied Markets Group (LSAG), Agilent Cross Lab Group (ACG) and Diagnostics and Genomics Group (DGG).LSAG: The segment accounted for $968 million or 56% of its total revenues, up 8% on a reported basis and 10% on a core basis from the respective prior-year fiscal quarter’s levels. This was driven by strong performance in the Chemical & Advanced Materials, Food and Academic & Gov’t markets. Strength in LC and LCMS and lab consumables also aided results.ACG: Revenues from the segment were $387 million, accounting for 23% of total revenues. Also, the top line improved by 10% from the prior-year fiscal quarter’s reading on a reported basis and 13% on a core basis, driven by strength in services attached to new instrument installations as well as expanding service offerings for the existing instrument base.DGG: Revenues increased 1% from the prior-year fiscal quarter’s figure on a reported basis and 3% on a core basis to $362 million, accounting for the remaining 21% of total revenues. Segmental growth was attributed to strength in the NASD and pathology businesses. Also, solid momentum in companion diagnostics pharma services contributed well.Agilent Technologies, Inc. Price, Consensus and EPS SurpriseAgilent Technologies, Inc. Price, Consensus and EPS SurpriseAgilent Technologies, Inc. price-consensus-eps-surprise-chart | Agilent Technologies, Inc. QuoteStory continuesOperating ResultsFor the fiscal second quarter, gross margin in the LSAG segment expanded by 90 basis points (bps) to 59.9% from the prior-year fiscal quarter’s number. ACG’s gross margin contracted 10 bps to 47%. DGG’s gross margin contracted 420 bps from the year-ago fiscal quarter’s actuals to 51.8%.Research & development (R&D) costs were $126 million, up 9.6% from the prior-year fiscal quarter’s number. Selling, general & administrative (SG&A) expenses were $415 million, up 7.5% from the year-earlier fiscal quarter’s figure. As a percentage of revenues, R&D expenses expanded 10 bps year over year to 7.3%. Meanwhile, SG&A expenses expanded 20 bps year over year to 24.2%.Operating margin for the fiscal first quarter was 22.3%, which contracted 10 bps from the year-earlier fiscal quarter’s figure.Segment-wise, the operating margin for LSAG was up 180 bps from the year-earlier fiscal quarter’s level of 27.3%. ACG’s operating margin was 26.6%, up 200 bps from the year-ago fiscal quarter’s level. DGG segment’s operating margin contracted 530 bps to 20.2% from the year-ago fiscal quarter’s figure.Balance Sheet & Cash FlowAs of Apr 30, 2023, Agilent’s cash and cash equivalents were $1.18 billion, down from $1.25 billion on Jan 31, 2023.Accounts receivables were $1.4 billion at the end of second-quarter fiscal 2023, down from $1.5 billion at the end of first-quarter fiscal 2023.Long-term debt was $2.733 billion for the reported quarter, which remained flat as compared with the prior fiscal quarter.Agilent generated $398 million in cash from operations during the reported quarter, up from $296 million generated in the previous quarter.Further, it returned $151 million to shareholders, out of which dividend payments accounted for $66 million and share repurchases accounted for the remaining $85 million.GuidanceFor the fiscal third quarter of 2023, management expects revenues of $1.640-$1.675 billion, suggesting growth between 4.5% and 2.5% on a core basis from the year-ago fiscal quarter’s actuals. The Zacks Consensus Estimate for the same is pegged at $1.76 billion.Non-GAAP earnings per share are expected to be $1.36-$1.38. The consensus mark for fiscal third-quarter earnings stands at $1.43 per share.For fiscal 2023, management lowered its revenue guidance from the band of $7.03-$7.1 billion to $6.93-7.03 billion, implying a growth of 1.2-2.7% on a reported basis and 3-4.5% on a core basis from the respective fiscal 2022 figures. The Zacks Consensus Estimate for the same is pegged at $7.07 billion.Management also updated the guidance for fiscal 2023 non-GAAP earnings per share downward from $5.65-$5.70 to $5.60-$5.65. The consensus mark for fiscal 2023 earnings is pegged at $5.68 per share.Zacks Rank & Other Stocks to ConsiderCurrently, Agilent carries a Zacks Rank #3 (Hold).Investors interested in the broader technology sector can consider some better-ranked stocks like Ciena CIEN, CrowdStrike CRWD and AMETEK AME. Ciena, CrowdStrike and AMETEK each carry a Zacks Rank #2 at present. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.Ciena shares have lost 14.9% in the year-to-date time frame. The Zacks Consensus Estimate for CIEN’s fiscal year 2023 earnings is pegged at $2.81 per share, suggesting an increase of 47.9% from the prior year’s reported figure.CrowdStrike shares have risen 27% in the year-to-date period. The Zacks Consensus Estimate for CRWD’s 2023 earnings is pegged at $2.30 per share, suggesting growth of 49.4% from the prior year’s reported figure.AMETEK shares have rallied 3.4% year to date. The Zacks Consensus Estimate for AME’s 2023 earnings is pegged at $6.11 per share, suggesting an increase of 7.57% from the prior year’s reported figure.Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free reportCiena Corporation (CIEN) : Free Stock Analysis ReportAgilent Technologies, Inc. (A) : Free Stock Analysis ReportAMETEK, Inc. (AME) : Free Stock Analysis ReportCrowdStrike (CRWD) : Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment Research

Zacks

Agilent (A) Q2 Earnings Match Estimates, Revenues Rise Y/Y

https://finance.yahoo.com/news/agilent-q2-earnings-match-estimates-171700417.html

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Retailers Kohl's and Abercrombie deliver profit surprises, Sarepta Therapeutics says the FDA has delayed a decision date on its gene therapy, and guidance from Analog Devices disappoints.Continue reading

Barrons.com

These Stocks Are Moving the Most Today: Kohl’s, Abercrombie, Urban Outfitters, Sarepta, Analog Devices, and More

https://finance.yahoo.com/m/371cc8aa-e61a-3a35-8561-bbaa00ca4589/these-stocks-are-moving-the.html

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*White House, Republicans resume US debt ceiling talks*Stocks hold declines after release of Fed minutes*Citigroup drops after scrapping Mexico unit sale*Indexes down: Dow 0.77%, S&P 0.73%, Nasdaq 0.61%(Adds official closing market details throughout)By Lewis Krauskopf, Shreyashi Sanyal and Shristi Achar AMay 24 (Reuters) - Wall Street's main indexes ended lower on Wednesday as talks between the White House and Republican representatives on raising the U.S. debt ceiling dragged on without a deal.The lack of progress on raising the U.S. government's $31.4 trillion debt limit ahead of a June 1 deadline, with several rounds of inconclusive talks, has made investors edgier as the risk of a catastrophic default looms larger.Democratic President Joe Biden and top congressional Republican Kevin McCarthy's negotiators held what the White House called productive talks."Up until yesterday, investors have been very optimistic around the U.S. debt ceiling resolution," said Angelo Kourkafas, senior investment strategist at Edward Jones. "But now as we get closer ... to the June 1st X-date, we are seeing some caution again.”The Dow Jones Industrial Average fell 255.59 points, or 0.77%, to 32,799.92, the S&P 500 lost 30.34 points, or 0.73%, to 4,115.24 and the Nasdaq Composite dropped 76.08 points, or 0.61%, to 12,484.16.Ten of the 11 S&P 500 sectors ended in negative territory, with real estate falling the most. Energy was the lone sector gainer.The CBOE Volatility Index, known as Wall Street's fear gauge, hovered around three-week highs.Federal Reserve policy was also in focus. Stocks held their declines after the release of minutes from the Fed's May 2-3 meeting, showing that Fed officials "generally agreed" last month that the need for further interest rate increases "had become less certain."Investors expect the central bank to pause its aggressive rate hiking campaign at its June 13-14 meeting.Story continuesFed Governor Christopher Waller said he is concerned about the lack of progress on inflation, and while skipping an interest rate hike at the central bank's meeting next month may be possible, an end to the hiking campaign is not likely.“The economy is still doing OK, and there really is not, from the Fed’s perspective, a reason to back away from a tighter monetary policy,” said Paul Nolte, senior wealth advisor and market strategist at Murphy & Sylvest Wealth Management.In company news, Citigroup Inc shares fell 3.1% as the bank scrapped a $7 billion sale of its Mexican consumer unit Banamex and will list it instead.Agilent Technologies Inc shares shed about 6% after the company cut its annual sales and profit forecasts.Shares of TurboTax-owner Intuit Inc dropped 7.5% after a disappointing profit forecast.Declining issues outnumbered advancing ones on the NYSE by a 3.71-to-1 ratio; on Nasdaq, a 2.34-to-1 ratio favored decliners.The S&P 500 posted no new 52-week highs and 14 new lows; the Nasdaq Composite recorded 38 new highs and 110 new lows.About 9.7 billion shares changed hands in U.S. exchanges, compared with the 10.5 billion daily average over the last 20 sessions. (Reporting by Lewis Krauskopf and Sinéad Carew in New York, Shreyashi Sanyal and Shristi Achar A in Bengaluru Editing by Vinay Dwivedi and David Gregorio)

Reuters

US STOCKS-Wall St ends down as debt-ceiling clouds hover

https://finance.yahoo.com/news/us-stocks-wall-st-ends-201653651.html

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In this article, we discuss 15 growth stocks to watch in Louis Navellier's 2023 portfolio. If you want to see more stocks in this selection, check out Louis Navellier's 2023 Portfolio: 5 Growth Stocks to Watch. According to a report featured on Markets Insider in October 2022, Louis Navellier of Navellier & Associates said that the S&P 500 is on the verge of significant changes in the upcoming years, with energy stocks gaining increased attention from investors. Navellier predicted that this upward trend will persist, estimating that the energy sector may make up around 30% of the S&P 500 by 2025. This would mark a remarkable surge for an industry that has been overlooked by investors focused on environmental, social, and governance (ESG) factors in recent times. This shift would come at the cost of the technology sector, which, along with communication services, accounted for nearly half of the S&P 500 at its highest point during the pandemic. Navellier said: "I predict that in early 2025, energy stocks will be 30% of the S&P 500 and technology stocks will fall to about only 32%. Tracking managers will be systematically buying energy stocks and a net seller of technology stocks as the sector weights in the S&P 500 change for at least the next couple of years." In an interview with Fox Business on February 21, 2023, Navellier expressed agreement with the idea that the average consumer is facing challenges. He mentioned that the only retailer in his portfolio is Costco Wholesale Corporation (NASDAQ:COST), which he described as more of a luxury goods company that also sells gasoline in large quantities. Navellier pointed out that consumers are under pressure, citing The Home Depot, Inc. (NYSE:HD) and Walmart Inc. (NYSE:WMT) as examples of consumer-focused companies reporting gloomy financial results. During the Fox interview, he commented on the inflated job numbers in January resulting from seasonal patterns and voiced his belief that the labor market will undergo a significant readjustment in the next five months, offering a more accurate and realistic perspective. Navellier also communicated uncertainty about the accuracy of both the job numbers and the sales report for the month of January, as he found discrepancies and believed the figures were significantly inflated. He observed that the combination of seasonal effects, treasury yields, and inflation data failed to provide a satisfactory explanation for the January figures. Nevertheless, he displayed a lack of concern regarding inflation, as his portfolio experienced strong performance primarily due to the presence of plentiful energy stocks.Story continuesLouis Navellier is recognized as a growth-oriented investor who specializes in identifying companies with robust growth potential. Some of the top growth stocks to watch in Navellier's portfolio include NVIDIA Corporation (NASDAQ:NVDA), Enphase Energy, Inc. (NASDAQ:ENPH), and Novo Nordisk A/S (NYSE:NVO). Our Methodology This list consists of growth stocks that Louis Navellier's Navellier & Associates held during the first quarter of 2023. By growth stocks we mean companies operating in growth-oriented industries such as tech, electric vehicles, fintech, ecommerce, biotech and healthcare, and renewable energy. The list is ranked in ascending order of dollar value of the hedge fund's stakes in these companies. We have also mentioned the hedge fund sentiment around the securities as of Q1 2023. Louis Navellier's 2023 Portfolio: 15 Growth Stocks to WatchLouis Navellier of Navellier & AssociatesLouis Navellier's 2023 Portfolio: Growth Stocks to Watch15. Axcelis Technologies, Inc. (NASDAQ:ACLS)Stake Value of Navellier & Associates: $2,389,039Number of Hedge Fund Holders: 34Axcelis Technologies, Inc. (NASDAQ:ACLS) is involved in the creation, production, and maintenance of ion implantation and additional processing machinery utilized in the manufacturing of semiconductor chips across the United States, Europe, and Asia Pacific. In Q1 2023, Louis Navellier's fund held 17,929 shares of Axcelis Technologies, Inc. (NASDAQ:ACLS) worth $2.38 million. On May 3, Axcelis Technologies, Inc. (NASDAQ:ACLS) reported a Q1 GAAP EPS of $1.43 and a revenue of $254.02 million, topping Wall Street estimates by $0.18 and $14.13 million. Axcelis anticipates generating revenues in the range of $255 million to 260 million for the second quarter ending on June 30, 2023. This projection compares to the consensus estimate of $250.39 million.According to Insider Monkey’s first quarter database, 34 hedge funds were long Axcelis Technologies, Inc. (NASDAQ:ACLS), compared to 24 funds in the prior quarter. Richard Driehaus’ Driehaus Capital is the largest position holder in the company, with 728,641 shares worth $97 million. Like NVIDIA Corporation (NASDAQ:NVDA), Enphase Energy, Inc. (NASDAQ:ENPH), and Novo Nordisk A/S (NYSE:NVO), Axcelis Technologies, Inc. (NASDAQ:ACLS) is one of the top growth stocks to watch in Louis Navellier's 2023 portfolio. 14. Booz Allen Hamilton Holding Corporation (NYSE:BAH)Stake Value of Navellier & Associates: $2,641,665Number of Hedge Fund Holders: 34Booz Allen Hamilton Holding Corporation (NYSE:BAH) offers a wide range of services including management and technology consulting, analytics, engineering, digital solutions, mission operations, and cyber services in the United States and internationally. In the first quarter of 2023, Navellier held 28,500 shares of Booz Allen Hamilton Holding Corporation (NYSE:BAH) worth $2.64 million. It is one of the top growth stocks in the Navellier portfolio. After being awarded a contract by the IRS for Enterprise Development Operations Services, Booz Allen Hamilton Holding Corporation (NYSE:BAH) received an Overweight rating and a $116 price target from Morgan Stanley on May 5. The investment firm believes that based on the contract size, duration, and competition, this project could generate approximately $100 million in annual revenue, contributing to a growth of around 1% compared to Booz Allen Hamilton Holding Corporation (NYSE:BAH)’s current levels. Additionally, Morgan Stanley highlighted that this contract value might help safeguard some of Booz Allen's existing work with the IRS, which was previously at risk due to the TCloud outcome earlier in 2023.According to Insider Monkey’s first quarter database, 34 hedge funds were long Booz Allen Hamilton Holding Corporation (NYSE:BAH), compared to 36 funds in the prior quarter. Woodline Partners is the biggest stakeholder of the company. 13. Fortinet, Inc. (NASDAQ:FTNT)Stake Value of Navellier & Associates: $3,176,256Number of Hedge Fund Holders: 45Fortinet, Inc. (NASDAQ:FTNT) is a provider of cybersecurity and networking solutions worldwide. The company offers FortiGate hardware and software licenses, which encompass a wide range of security and networking capabilities such as firewall, intrusion prevention, anti-malware, virtual private network, application control, web filtering, anti-spam, and wide area network acceleration. In Q1 2023, Louis Navellier had 47,792 shares of Fortinet, Inc. (NASDAQ:FTNT) in his portfolio, worth $3.17 million and representing 0.66% of the total 13F securities. On May 8, BofA upgraded Fortinet, Inc. (NASDAQ:FTNT) to Buy from Neutral with a price target of $75, up from $66. According to BofA, the company's strong fundamentals and consistent execution in a challenging environment justify a premium compared to its peers in the cybersecurity industry. The firm acknowledged the existence of backlog drawdowns but believes that Fortinet, Inc. (NASDAQ:FTNT)’s business momentum outweighs these concerns, as there is a robust underlying demand that reflects the significant value Fortinet provides to its customers.According to Insider Monkey’s first quarter database, 45 hedge funds were long Fortinet, Inc. (NASDAQ:FTNT), compared to 47 funds in the prior quarter. Andreas Halvorsen’s Viking Global is the biggest stakeholder of the company. Here is what ClearBridge SMID Cap Growth Strategy has to say about Fortinet, Inc. (NASDAQ:FTNT) in its Q3 2021 investor letter:“Performance among our cohort of IT and Internet companies was mixed, with enterprise software makers thriving while more consumer-oriented stocks faced headwinds. Cyber security software maker Fortinet benefited from a heightened awareness of the need to protect against sophisticated attacks. We are attracted to the recurring revenue nature of these software companies that are increasingly delivering their products on a subscription basis through the cloud. Software business models also tend to avoid many of the inflationary issues facing companies with a physical product or service.”12. Apple Inc. (NASDAQ:AAPL)Stake Value of Navellier & Associates: $3,335,432Number of Hedge Fund Holders: 131Louis Navellier's 2023 portfolio had 20,227 shares of Apple Inc. (NASDAQ:AAPL), worth $3.3 million and representing 0.7% of the 13F securities. On May 4, Apple Inc. (NASDAQ:AAPL) announced an additional program to buy back up to $90 billion of its stock.On May 22, Loop Capital downgraded Apple Inc. (NASDAQ:AAPL) to Hold from Buy with an unchanged price target of $180. Apple Inc. (NASDAQ:AAPL) has recently lowered its iPhone production and shipment forecasts for the second time in the past four weeks. The analyst suggests that Apple has reduced its June quarter builds and shipments by approximately 10%, in addition to the reduced guidance provided by the company on May 4. This reduction poses a significant downside risk to Apple's June quarter revenue, both in comparison to its own guidance and the estimates of the Street. Loop Capital also believes that Apple Inc. (NASDAQ:AAPL) has further decreased its estimated iPhone shipments for the June quarter by an additional 5 million units to reach a total of 35 million units.According to Insider Monkey’s fourth quarter database, 131 hedge funds were long Apple Inc. (NASDAQ:AAPL), compared to 135 funds in the earlier quarter. Warren Buffett’s Berkshire Hathaway is the largest stakeholder of the company, with 915.5 million shares worth $151 billion. Alger Spectra Fund made the following comment about Apple Inc. (NASDAQ:AAPL) in its Q1 2023 investor letter:“Apple Inc. (NASDAQ:AAPL) is a leading technology provider in telecommunications, computing, and services. Apple’s iOS operating system is the company’s unique intellectual property and competitive strength. This software drives particularly tight engagement with consumers and enterprises, which is fostering the growing purchase of high margin services like music, apps, and Apple Pay. While iPhone sales were down year-over-year (YoY). services revenues grew 7% YoY which was slightly above analyst estimates. Company earnings were also better-than-anticipated due to lower input costs, such as memory chips and cost control initiatives. Aside from production disruptions, negative sentiment had also weighed on shares as investors questioned how an economic slowdown would affect consumer demand for Apple products in 2023. However, management projected an acceleration in earnings for the fiscal first quarter, where they noted that iPhone and services growth should remain strong, along with encouraging impacts around product mix, lower input costs, and continued cost controls.”11. Agilent Technologies, Inc. (NYSE:A)Stake Value of Navellier & Associates: $3,781,662Number of Hedge Fund Holders: 55Agilent Technologies, Inc. (NYSE:A) offers specialized solutions for life sciences, diagnostics, and applied chemical markets worldwide. Its operations are divided into three main segments – Life Sciences and Applied Markets, Diagnostics and Genomics, and Agilent CrossLab. In Q1 2023, Louis Navaellier added Agilent Technologies, Inc. (NYSE:A) to his portfolio by purchasing 27,336 shares worth $3.78 million. On May 23, Agilent Technologies, Inc. (NYSE:A) reported FQ2 non-GAAP EPS of $1.27 and a revenue of $1.72 billion, topping Wall Street estimates by $0.01 and $50 million, respectively. Barclays analyst Luke Sergott initiated coverage of Agilent Technologies, Inc. (NYSE:A) with an Equal Weight rating and a $140 price target on May 11. According to Insider Monkey’s first quarter database, 55 hedge funds were bullish on Agilent Technologies, Inc. (NYSE:A), compared to 48 funds in the prior quarter. William Von Mueffling’s Cantillon Capital Management is the biggest stakeholder of the company. Cooper Investors made the following comment about Agilent Technologies, Inc. (NYSE:A) in its Q4 2022 investor letter:“Agilent Technologies, Inc. (NYSE:A) finished a great year with +12% organic growth after a +15% year in 2021. As a supplier of liquid chromatography/ mass spectrometry instruments into the life sciences industry, Agilent enjoyed a period of supernormal growth over the 2020-2021 COVID pandemic. Like several of our healthcare and diagnostics investments Agilent de-rated quite sharply in the first half of 2022 as the market ‘faded’ the decline in COVID testing revenues. In our view this short term volatility obscures the high quality of Agilent’s business and long term growth opportunities. One example is environmental testing as mandated by the US EPA where US$4bn of funding in the infrastructure bill has been put aside for PFAS testing. As CEO Mike McMullen noted on the last call, ‘it’s the first time in my career we’ve seen this kind of government money coming in’.”10. ExlService Holdings, Inc. (NASDAQ:EXLS)Stake Value of Navellier & Associates: $3,959,171Number of Hedge Fund Holders: 24ExlService Holdings, Inc. (NASDAQ:EXLS) operates globally and specializes in data analytics, digital operations, and providing solutions to different industries. The company is divided into four segments – Insurance, Healthcare, Analytics, and Emerging Business. Securities filings for the first quarter of 2023 reveal that Louis Navellier's hedge fund owned 24,465 shares of ExlService Holdings, Inc. (NASDAQ:EXLS) worth $3.95 million, representing 0.83% of the total 13F securities. It is one of the top growth stocks to watch in Navellier’s portfolio. On April 28, TD Cowen analyst Bryan Bergin raised the firm's price target on ExlService Holdings, Inc. (NASDAQ:EXLS) to $195 from $190 and kept an Outperform rating on the shares. The analyst noted that ExlService Holdings, Inc. (NASDAQ:EXLS) delivered impressive results in the first quarter, surpassing expectations in both Digital Operations and Analytics. The company's resilient value proposition and strong overall momentum have allowed it to overcome challenges in discretionary areas, the analyst wrote in a research note. According to Insider Monkey’s first quarter database, 24 hedge funds were long ExlService Holdings, Inc. (NASDAQ:EXLS), and James Parsons’ Junto Capital Management held the largest stake in the company, comprising 138,123 shares worth $22.35 million. Here is what Bernzott Capital US Small Cap Value Fund has to say about ExlService Holdings, Inc. (NASDAQ:EXLS) in its Q1 2022 investor letter:“ExlService Holdings (NASDAQ:EXLS): After approximately four years of ownership, this provider of offshore business process outsourcing solutions was sold from the portfolio as it achieved fair value. During our period of ownership, the stock almost tripled in value and significantly outperformed the Russell 2000 Value index.”9. Allegro MicroSystems, Inc. (NASDAQ:ALGM)Stake Value of Navellier & Associates: $3,977,891Number of Hedge Fund Holders: 25Allegro MicroSystems, Inc. (NASDAQ:ALGM) specializes in the design, development, manufacturing, and marketing of integrated circuits (ICs). The company’s ICs are specifically designed for sensors and application-specific analog power systems, with a focus on motion control and energy-efficient applications. Allegro MicroSystems, Inc. (NASDAQ:ALGM) was a new arrival in Navellier & Associates’ Q1 2023 portfolio, with the hedge fund buying 82,890 shares valued at $3.97 million. It is one of the top growth stocks to watch in Louis Navellier's portfolio. Following strong financial results in the March quarter, Mizuho analyst Vijay Rakesh increased the price target on Allegro MicroSystems, Inc. (NASDAQ:ALGM) to $50 from $48 and maintained a Buy rating on the shares on May 12. According to Insider Monkey’s first quarter database, 25 hedge funds were bullish on Allegro MicroSystems, Inc. (NASDAQ:ALGM), compared to 15 funds in the earlier quarter. Ken Griffin’s Citadel Investment Group is the largest stakeholder of the company. Artisan Small Cap Fund made the following comment about Allegro MicroSystems, Inc. (NASDAQ:ALGM) in its Q1 2023 investor letter:“Among our top contributors were Lattice Semiconductor, Monolithic Power Systems, Allegro MicroSystems, Inc. (NASDAQ:ALGM), HubSpot and Wingstop. A strong area of the portfolio was our semiconductor holdings as Lattice Semiconductor, Monolithic Power Systems and Allegro Microsystems each outperformed. This is an area of the market where we have historically found many compelling opportunities, and we believe it continues to be an attractive area for long-term capital. Our high-level thesis is that industry consolidation is driving profitability improvements which, combined with top-line demand growth drivers, are breeding many interesting profit cycles. Please read our latest semiconductor industry white paper to dive into our thoughts on the industry. After the strong performance in the quarter, we trimmed Lattice Semiconductor in order to manage the position size and also trimmed Monolithic Power Systems due to the company outgrowing our small-cap mandate.”8. Eli Lilly and Company (NYSE:LLY)Stake Value of Navellier & Associates: $4,475,106Number of Hedge Fund Holders: 72Eli Lilly and Company (NYSE:LLY) is a global pharmaceutical company engaged in the discovery, development, and marketing of pharmaceutical products. In Q1 2023, Louis Navellier owned 13,031 shares of Eli Lilly and Company (NYSE:LLY) worth $4.47 million, representing 0.94% of the 13F securities. It is one of the top growth stocks to watch in Navellier's portfolio. On May 4, BMO Capital raised its price target on Eli Lilly and Company (NYSE:LLY) from $430 to $505 and maintained an Outperform rating on the shares. The firm is optimistic about the potential success of Eli Lilly and Company (NYSE:LLY)’s Donanemab in treating ALZ2, which positions it as a strong competitor to Biogen's Leqembi. This success is seen as an opportunity for investors to benefit from increased share value. BMO Capital has also revised its peak sales estimates for Donanemab, projecting sales of $17 billion, up from the previous estimate of $9.6 billion.According to Insider Monkey’s first quarter database, 72 hedge funds were bullish on Eli Lilly and Company (NYSE:LLY), compared to 76 funds in the earlier quarter. Rajiv Jain’s GQG Partners is the largest stakeholder of the company, with a position worth $1.02 billion. Baron Health Care Fund made the following comment about Eli Lilly and Company (NYSE:LLY) in its Q1 2023 investor letter:“In pharmaceuticals, our largest investment continues to be in Eli Lilly and Company (NYSE:LLY). Lilly’s new diabetes drug Mounjaro is likely to be approved for obesity in 2023. Lilly has two new obesity drugs advancing into Phase 3 trials. Lilly also has a drug in late-stage development for Alzheimer’s disease. Lilly is not facing any significant near-term patent expirations, and we think the company should be able to grow revenue and earnings at attractive rates through the end of the decade and beyond.”7. Arista Networks, Inc. (NYSE:ANET)Stake Value of Navellier & Associates: $4,672,887Number of Hedge Fund Holders: 48Arista Networks, Inc. (NYSE:ANET) specializes in the development, marketing, and sale of cloud networking solutions. Arista Networks, Inc. (NYSE:ANET)’s cloud networking solutions encompass flexible operating systems, a range of network applications, and advanced gigabit Ethernet switching and routing platforms. In Q1 2023, Louis Navellier's fund held 27,838 shares of Arista Networks, Inc. (NYSE:ANET) worth $4.6 million. It is one of the top growth stocks to invest in according to Navaellier. On May 24, Argus analyst Jim Kelleher increased the price target on Arista Networks, Inc. (NYSE:ANET) from $175 to $195 while maintaining a Buy rating on the shares. Kelleher explained that although cloud titan spending is anticipated to decrease in 2023 after experiencing over 100% growth in 2022, Arista Networks, Inc. (NYSE:ANET) is expected to witness improvements in gross margin and operating margins throughout the year. The analyst highlighted that Arista Networks, Inc. (NYSE:ANET) has effectively managed the challenges posed by the supply-chain crisis and is successfully navigating through macroeconomic weaknesses, customer caution, cost inflation, and the digestion of cloud titan inventory. Furthermore, the company has been expanding its range of solutions and increasing its total addressable market, the analyst wrote in a research note. According to Insider Monkey’s first quarter database, 48 hedge funds were bullish on Arista Networks, Inc. (NYSE:ANET), compared to 53 funds in the prior quarter. Steve Cohen’s Point72 Asset Management is the biggest stakeholder of the company. Giverny Capital made the following comment about Arista Networks, Inc. (NYSE:ANET) in its Q1 2023 investor letter:“Our holding Arista Networks, Inc. (NYSE:ANET) continues to generate extraordinary results, which the market recognizes. Arista rose 38% during the first quarter and became our largest holding. Arista makes switches, routers and operating software that power enormous data networks, such as for cloud computing. Microsoft’s Azure cloud business and Meta Platforms’ Facebook and Instagram networks are Arista’s two most important customers. Roughly speaking, Arista has tripled its revenue and profit over the past five years and seems poised to continue growing rapidly for the foreseeable future. Demand for hyperscale computing networks may accelerate as artificial intelligence (AI) chat applications grow. By some estimates, the computer power required to answer Al chat queries is roughly seven times more than for a Google or Bing search. I think the realization that data network capacity needs to be much larger to accommodate Al has driven recent enthusiasm for Arista.In general, I think when a stock blows through my price target the right answer is to bask in the glory and maybe splurge on a latte rather than my usual morning coffee. Don’t get itchy about locking in a profit. In this case, Arista became our largest holding and roughly 8.5% of the portfolio, while also being one of the most expensive businesses we own on a price-to-earnings basis. Arista earned $4.27 in 2022 and I believe there is good reason to expect it to double EPS again, perhaps by 2026 or 2027. But as the stock traded into the $160s, that represents a PE of 20x estimated earnings in four years. While I believe strongly in Arista’s competitive position, I know that tech giants are facing budget constraints and a pause in their own intense pace of infrastructure growth would not surprise anyone….” (Click here to read the full text)6. AbbVie Inc. (NYSE:ABBV)Stake Value of Navellier & Associates: $4,717,671Number of Hedge Fund Holders: 75AbbVie Inc. (NYSE:ABBV) is a pharmaceutical company involved in the discovery, development, manufacturing, and sale of pharmaceutical products across the world. Securities filings for Q1 2023 reveal that Louis Navellier owned 29,602 shares of $4.7 million.On April 28, Guggenheim maintained a Buy rating on AbbVie Inc. (NYSE:ABBV) but slightly lowered its price target on the shares from $172 to $171. Although AbbVie's Q1 results exceeded management guidance and aligned with the firm's estimates, the stock experienced an 8% decline primarily due to weaker performance in key growth drivers Skyrizi and Rinvoq, according to the firm. However, after analyzing management commentary during the conference call and conducting a follow-up call with the team, the firm expressed minimal concern and stated that no changes are being made to their short- or long-term estimates for either product.According to Insider Monkey’s first quarter database, 75 hedge funds were long AbbVie Inc. (NYSE:ABBV), compared to 73 funds in the last quarter. Ken Griffin’s Citadel Investment Group is the largest stakeholder of the company. In addition to NVIDIA Corporation (NASDAQ:NVDA), Enphase Energy, Inc. (NASDAQ:ENPH), and Novo Nordisk A/S (NYSE:NVO), AbbVie Inc. (NYSE:ABBV) is one of the top growth stocks on Louis Navellier's radar. Baron Health Care Fund made the following comment about AbbVie Inc. (NYSE:ABBV) in its Q1 2023 investor letter:“In a difficult quarter during which the Health Care sector failed to participate in the broader market rally, Baron Health Care Fund modestly trailed the Benchmark by 42 basis points, as disappointing stock selection overshadowed favorable impacts from differences in sub-industry weights and cash exposure. Lower exposure to benchmark heavyweight AbbVie Inc. (NYSE:ABBV) and declines in Cytokinetics, Incorporated, Ascendis Pharma A/S, and Inhibrx, Inc. also weighed on performance in the sub-industry. We reduced our position in AbbVie Inc. due to our less optimistic view of the company’s pipeline and long-term growth profile.” Click to continue reading and see Louis Navellier's 2023 Portfolio: 5 Growth Stocks to Watch.  Suggested articles:14 Best Biotech Stocks To Buy15 Largest Potash Producing Countries in the World10 Best Value Stocks to Buy in 2023 According to Billionaire Mario Gabelli Disclosure: None. Louis Navellier's 2023 Portfolio: 15 Growth Stocks to Watch is originally published on Insider Monkey.

Insider Monkey

Louis Navellier’s 2023 Portfolio: 15 Growth Stocks to Watch

https://finance.yahoo.com/news/louis-navellier-2023-portfolio-15-195639029.html

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Self-aware solutions making mass spectrometry more accessibleSANTA CLARA, Calif., June 02, 2023--(BUSINESS WIRE)--Agilent Technologies Inc. (NYSE: A) today announced new mass spectrometry solutions on show at the 71st ASMS Conference on Mass Spectrometry and Allied Topics, being held June 4 - 8 in Houston, Texas. Agilent is a global leader in the mass spectrometry market, providing advanced, intelligent instruments featuring improved analytical performance solutions for analytical labs worldwide."Agilent is leading the way in the trend towards developing more self-aware and intelligent instruments," said Sudharshana Seshadri, vice president and general manager of Agilent’s Liquid Chromatography, Mass Spectrometry, and Automation Divisions. "Our goal is to make our customers’ lives easier, so they worry less about their instruments and can focus more on their science."New products will be highlighted at ASMS that add to Agilent’s powerful LC/MS solutions portfolio. A new LC/TQ will be introduced that incorporates numerous intelligence features oriented towards demanding routine analysis applications—also, a next-generation LC/Q-TOF featuring new instrument architecture also coupled with intelligence to maximize productivity.The new Agilent 1260 Infinity II Hybrid Multisampler will be on show, an HPLC autosampler that offers classical Flow-through and Agilent Feed Injection modes. For example, food LC/MS analysis sample preparation often requires a strong solvent, which can be challenging. The solvent effect can lead to sample breakthrough and poor peak shapes, especially when the injection volume increases. Agilent Feed Injection mode is a unique technology that mediates a strong sample solvent effect by infusing the sample continuously into the mobile phase stream, improving peak shapes and sensitivity.New Agilent MassHunter Software Suite highlights include the Agilent AI Peak Integration Software for MassHunter Quant, which replaces manual peak integration with adaptable AI-assisted peak detection and integration. Analytical test labs using GC/MS Single Quadrupole will benefit from deep learning and continuous learning feedback that improves model performance over time, particularly for rare compound detection.Story continuesAlso, Agilent’s MassHunter BioConfirm 12.1 Software enables the interpretation of ECD fragmentation and enhancements to strengthen the peptide mapping workflow. BioConfirm 12.1 continues to offer powerful biopharma workflows for our customers with the highest quality oligonucleotide data, extracting information to assess impurities, confirm intact protein molecular weights, peptide sequence coverage, and the location of post-translational modifications, and the identification of released glycans."These new products demonstrate how intelligence features continue to improve analytical performance and lab productivity, automating difficult and challenging tasks, making mass spectrometry more accessible to all researchers," said Ken Suzuki, vice president and general manager of Agilent’s Mass Spectrometry Division.Agilent will hold several events at ASMS 2023. Agilent will host its annual Ion Mobility User Meeting on Sunday, June 4, from 2:00 – 5:00 p.m. at the Marriott Marquis Hotel in Houston. Agilent will also host breakfast sessions Monday, June 5 – Wednesday, June 7, from 7:00 – 8:15 a.m. in the George R. Brown Convention Center and the Agilent Hospitality Suite. Additional information on these and other events is available at Agilent at ASMS.ASMS attendees are invited to visit Agilent's Exhibition Booth #600 at the George R. Brown Convention Center and to spend time at the Agilent Hospitality Suite at the Hilton Americas Houston, Ballroom EF, Monday, June 5 – Wednesday, June 7 from 8:00 – 10:30 p.m. Agilent is a corporate member of ASMS and multi-year co-sponsor of the annual event.Agilent Technologies Inc. (NYSE: A) is a global leader in analytical and clinical laboratory technologies, delivering insights and innovation that help our customers bring great science to life. Agilent’s full range of solutions includes instruments, software, services, and expertise that provide trusted answers to our customers' most challenging questions. The company generated revenue of $6.85 billion in fiscal 2022 and employs 18,000 people worldwide. Information about Agilent is available at www.agilent.com. To receive the latest Agilent news, please subscribe to the Agilent Newsroom. Follow Agilent on LinkedIn and Facebook.View source version on businesswire.com: https://www.businesswire.com/news/home/20230602005072/en/ContactsMEDIA CONTACT Naomi GoumilloutAgilent Technologies Inc.+1.781.266.2819naomi.goumillout@agilent.com

Business Wire

Agilent Intelligent Mass Spectrometry Solutions to Inspire at ASMS 2023

https://finance.yahoo.com/news/agilent-intelligent-mass-spectrometry-solutions-120000872.html

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Streamlined analysis of 40 PFAS compounds in wastewater and soilSANTA CLARA, Calif., June 05, 2023--(BUSINESS WIRE)--Agilent Technologies Inc. (NYSE: A) announced today a highly-anticipated, complete workflow solution for targeted per- and polyfluoroalkyl substances (PFAS) analysis using the United States (US) Environmental Protection Agency (EPA) Method 1633 (3rd draft). EPA Draft Method 1633 currently analyzes 40 PFAS compounds in wastewater and soil and is a complex and labor-intensive method, relying on multiple sample preparation and analysis steps. Success in running the technique depends on careful sample handling and the appropriate sample preparation supplies and instrumentation.The new workflow synchronizes with the recent launch of the Agilent 6495 Triple Quadrupole LC/MS (LC/TQ) system along with specific PFAS consumables, including the Agilent Bond Elut PFAS WAX Solid Phase Extraction (SPE) Cartridges, that provide the best recoveries while eliminating PFAS contamination and background, as well as the Agilent Infinity Lab PFC-free HPLC conversion kit, ‘PFAS-free’ Agilent vials and caps and other consumables. Specific data reporting needs for EPA 1633 are addressed through Agilent’s MassHunter Software, and sample tracking of the entire workflow can be done using the Agilent SLIMS Lab Management Platform enabling automation in data review and sample tracking which increases efficiency."PFAS are persistent, bioaccumulative, and of concern globally, with several countries looking to regulate them in water and soil. As a market leader in environmental analysis, Agilent is pleased to offer our customers a solution to achieve EPA Method 1633 performance requirements confidently," explained Ken Suzuki, vice president and general manager of Agilent’s Mass Spectrometry Division. "This new workflow simplifies setup and provides a robust end-to-end analytical methodology that reduces method development time, increases throughput and accuracy, allowing customers to focus on running critical samples."Story continuesAgilent’s Bond Elut PFAS WAX SPE Cartridges are explicitly designed for PFAS analysis, providing excellent extraction performance and flow rates for a broad range of PFAS compounds while complying with stringent regulatory requirements. The cartridges undergo PFAS-specific QC testing to ensure optimal cleanliness and recovery, so customers can confidently isolate PFAS from environmental matrices, such as wastewater and soil.SLIMS simplifies the intake of analytical requests and streamlines task management. Connected to the 6495 LC/TQ SLIMS guides users through the workflow and ensures the instrument, consumables, and reagents are fit for purpose. MassHunter software generates specific instrument data reports passing the information to SLIMS for evaluation of results and creation of the certificate of analysis.About Agilent TechnologiesAgilent Technologies Inc. (NYSE: A) is a global leader in analytical and clinical laboratory technologies, delivering insights and innovation that help our customers bring great science to life. Agilent’s full range of solutions includes instruments, software, services, and expertise that provide trusted answers to our customers' most challenging questions. The company generated revenue of $6.85 billion in fiscal 2022 and employs 18,000 people worldwide. Information about Agilent is available at www.agilent.com. To receive the latest Agilent news, please subscribe to the Agilent Newsroom. Follow Agilent on LinkedIn and Facebook.View source version on businesswire.com: https://www.businesswire.com/news/home/20230605005280/en/ContactsMEDIA CONTACT Naomi GoumilloutAgilent Technologies, Inc.+1.781.266.2819naomi.goumillout@agilent.com

Business Wire

Agilent Announces Full Workflow for US EPA Method 1633 for Targeted PFAS Analysis

https://finance.yahoo.com/news/agilent-announces-full-workflow-us-120000701.html

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SANTA CLARA, Calif., June 05, 2023--(BUSINESS WIRE)--Agilent Technologies Inc. (NYSE: A) today announced two new liquid chromatography mass spectrometry systems (LCMS), the Agilent 6495D LC/TQ and the Agilent Revident LC/Q-TOF. Facilitating the high-end performance of the Revident LC/Q-TOF, Agilent is also announcing the new Agilent MassHunter Explorer Profiling software and the new Agilent ChemVista library manager software.The superior Agilent 6495 Triple Quadrupole LC/MS (LC/TQ) System is ideal for demanding and challenging targeted analysis applications requiring the highest analytical sensitivity. The 6495 LC/TQ incorporates numerous intelligence features that address the critical transition between the ‘discovery phase’ of research and the ‘translational phase’ where studying a large volume of samples is crucial for generating meaningful scientific insights. The 6495 LC/TQ instrument was built for research with production-ready robustness, ensuring increased sample measurements due to greater efficiency and reduced instrument downtime. Intelligence features also include sub-millisecond dwell times and Intelligent Reflex that provides fast, sensitive, high-quality data, while early maintenance feedback and scheduled tuning keep the LC/TQ in peak working condition.The Agilent Revident Quadrupole Time-of-Flight LC/MS (LC/QTOF) System offers an entirely new instrument architecture coupled with instrument intelligence for maximized operation time and productivity. Revident is targeted toward food safety and environmental analysis but also has applications in other small molecule markets, from metabolomics to pharmaceuticals. Incorporating the new MassHunter Explorer Software, untargeted analyses are simplified by allowing data exploration, including statistical analysis and identification in a single software. Tasks can be performed faster with fewer errors and less expertise without compromising quality or accuracy. Additionally, the new ChemVista library manager software integrates extensive curated libraries. It enables third-party import and export into a tool that conveniently connects to MassHunter, allowing access to vast external databases for identification workflows.Story continues"The new 6495D LC/TQ offers significant improvements in sensitivity and speed over the current 6495C, which is already a reputable high-end LC/TQ, while the Revident LC/Q-TOF is the first of a new generation of LC/Q-TOF systems," said Sudharshana Seshadri, vice president and general manager of Agilent’s Liquid Chromatography, Mass Spectrometry, and Automation Divisions."This launch expands the instrument intelligence from our TQ product line to our Q-TOF. Revident also includes a novel detection system that greatly enhances spectral purity, and combined with our new MassHunter Explorer Profiling and ChemVista library manager software, the Revident LC/Q-TOF is revolutionizing our customers’ experience with LC/Q-TOF—providing the highest, yet relevant, performance for meaningful scientific insights," Seshadri added.Agilent is a leading solution provider of proven, robust, and reliable mass spectrometry technologies to a range of segments and a wide array of applications in the bio/pharma, life science research, food, and environmental markets. These new technological capabilities enable Agilent’s customers to increase data quality and interpretation while reducing the time and human attention required—more easily adapting to ever-changing market needs.About Agilent TechnologiesAgilent Technologies Inc. (NYSE: A) is a global leader in analytical and clinical laboratory technologies, delivering insights and innovation that help our customers bring great science to life. Agilent’s full range of solutions includes instruments, software, services, and expertise that provide trusted answers to our customers' most challenging questions. The company generated revenue of $6.85 billion in fiscal 2022 and employs 18,000 people worldwide. Information about Agilent is available at www.agilent.com. To receive the latest Agilent news, please subscribe to the Agilent Newsroom. Follow Agilent on LinkedIn and Facebook.View source version on businesswire.com: https://www.businesswire.com/news/home/20230605005279/en/ContactsMEDIA CONTACTNaomi GoumilloutAgilent Technologies, Inc.+1.781.266.2819naomi.goumillout@agilent.com

Business Wire

Agilent Announces Inspirational LC/TQ and LC/Q-TOF Mass Spectrometry Solutions at ASMS 2023

https://finance.yahoo.com/news/agilent-announces-inspirational-lc-tq-120000928.html

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SANTA CLARA, Calif., June 06, 2023--(BUSINESS WIRE)--Agilent Technologies Inc. (NYSE: A) today announced the release of the enhanced xCELLigence RTCA Software Pro Version 2.8, an integrated software package for running and analyzing real-time cell analysis data. This improved version enables Agilent xCELLigence Real-Time Cell Analysis (RTCA) systems in GMP-regulated facilities.The xCELLigence RTCA Software Pro enables data integrity controls to support regulatory requirements defined in FDA 21 CFR Part 11 and EU GMP Annex 11 for electronic records and electronic signatures, an essential requirement in pharmaceutical and biopharmaceutical manufacturing. New and enhanced features ensure that data and electronic records generated with xCELLigence RTCA systems are trustworthy, authentic, and reliable and meet GMP manufacturing compliance requirements.The xCELLigence RTCA system provides an essential functional potency assay in cell therapy development, manufacturing, and safety applications. Agilent instrumentation and software, alongside customer user organization controls, enables customers to meet FDA 21 CFR Part 11 and other applicable regulatory requirements. This system empowers customers to meet the demands of cell therapy discovery, process development, and QC-release criteria."The addition of compliance features to xCELLigence RTCA Software Pro ensures that Agilent xCELLigence RTCA systems meet the regulatory needs of our valued customers, especially in manufacturing and quality control settings," said Todd Christian, vice president and general manager of Agilent’s Cell Analysis Division. "This bridges the regulatory gap, and reinforces Agilent as a leading cell analysis solutions provider to the pharma and biopharma industries."Agilent’s key focus is to support customers’ regulatory requirements through our instrumentation and software applications. These solutions for compliant environments support immuno-oncology and cell and gene therapy customers, who are developing key components to address human health concerns, furthering Agilent’s core mission to advance the quality of human life.Story continuesAbout Agilent TechnologiesAgilent Technologies Inc. (NYSE: A) is a global leader in the life sciences, diagnostics, and applied chemical markets, delivering insights and innovation that help our customers bring great science to life. Agilent’s full range of solutions includes instruments, software, services, and expertise that provide trusted answers to our customers' most challenging questions. The company generated revenue of $6.85 billion in fiscal 2022 and employs 18,000 people worldwide. Information about Agilent is available at www.agilent.com. To receive the latest Agilent news, please subscribe to the Agilent Newsroom. Follow Agilent on LinkedIn and Facebook.View source version on businesswire.com: https://www.businesswire.com/news/home/20230606005547/en/ContactsNaomi GoumilloutAgilent Technologies+1.781.266.2819naomi.goumillout@agilent.com

Business Wire

Agilent Announces Enhanced xCELLigence RTCA Software Pro to Support Regulatory Compliance Requirements

https://finance.yahoo.com/news/agilent-announces-enhanced-xcelligence-rtca-120000457.html

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Let's talk about the popular Agilent Technologies, Inc. (NYSE:A). The company's shares received a lot of attention from a substantial price movement on the NYSE over the last few months, increasing to US$144 at one point, and dropping to the lows of US$116. Some share price movements can give investors a better opportunity to enter into the stock, and potentially buy at a lower price. A question to answer is whether Agilent Technologies' current trading price of US$118 reflective of the actual value of the large-cap? Or is it currently undervalued, providing us with the opportunity to buy? Let’s take a look at Agilent Technologies’s outlook and value based on the most recent financial data to see if there are any catalysts for a price change. Check out our latest analysis for Agilent Technologies What Is Agilent Technologies Worth?The stock seems fairly valued at the moment according to my valuation model. It’s trading around 11.85% above my intrinsic value, which means if you buy Agilent Technologies today, you’d be paying a relatively reasonable price for it. And if you believe that the stock is really worth $105.81, there’s only an insignificant downside when the price falls to its real value. Is there another opportunity to buy low in the future? Since Agilent Technologies’s share price is quite volatile, we could potentially see it sink lower (or rise higher) in the future, giving us another chance to buy. This is based on its high beta, which is a good indicator for how much the stock moves relative to the rest of the market.What does the future of Agilent Technologies look like?earnings-and-revenue-growthFuture outlook is an important aspect when you’re looking at buying a stock, especially if you are an investor looking for growth in your portfolio. Buying a great company with a robust outlook at a cheap price is always a good investment, so let’s also take a look at the company's future expectations. With profit expected to grow by 27% over the next couple of years, the future seems bright for Agilent Technologies. It looks like higher cash flow is on the cards for the stock, which should feed into a higher share valuation.Story continuesWhat This Means For YouAre you a shareholder? A’s optimistic future growth appears to have been factored into the current share price, with shares trading around its fair value. However, there are also other important factors which we haven’t considered today, such as the financial strength of the company. Have these factors changed since the last time you looked at the stock? Will you have enough conviction to buy should the price fluctuates below the true value?Are you a potential investor? If you’ve been keeping tabs on A, now may not be the most optimal time to buy, given it is trading around its fair value. However, the optimistic prospect is encouraging for the company, which means it’s worth further examining other factors such as the strength of its balance sheet, in order to take advantage of the next price drop.Since timing is quite important when it comes to individual stock picking, it's worth taking a look at what those latest analysts forecasts are. At Simply Wall St, we have the analysts estimates which you can view by clicking here.If you are no longer interested in Agilent Technologies, you can use our free platform to see our list of over 50 other stocks with a high growth potential.Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.Join A Paid User Research SessionYou’ll receive a US$30 Amazon Gift card for 1 hour of your time while helping us build better investing tools for the individual investors like yourself. Sign up here

Simply Wall St.

Why Agilent Technologies, Inc. (NYSE:A) Could Be Worth Watching

https://finance.yahoo.com/news/why-agilent-technologies-inc-nyse-194655791.html

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Agilent Technologies A expanded its liquid chromatography mass spectrometry (LCMS) offerings with the launch of the 6495 Triple Quadrupole LC/MS (LC/TQ) System and the Revident Quadrupole Time-of-Flight LC/MS (LC/QTOF) System.Notably, 6495 LC/TQ is designed to take care of the critical transition between the discovery phase of research and the translational phase to generate meaningful scientific insights on the back of its intelligence features.Thus, Agilent is likely to gain momentum among the targeted analysis applications that require the highest analytical sensitivity.Meanwhile, Revident LC/Q-TOF features instrument intelligence for maximized operation time and productivity and a novel detection system that boosts spectral purity.In addition to the new LCMS systems, Agilent unveiled MassHunter Explorer Profiling software and the new ChemVista library manager software, both of which are integrated with Revident LC/Q-TOF for delivering meaningful scientific insights.With Revident LC/Q-TO, the company is set to gain traction across food safety and environmental analysis and applications in other small molecule markets.Agilent Technologies, Inc. Price and ConsensusAgilent Technologies, Inc. Price and ConsensusAgilent Technologies, Inc. price-consensus-chart | Agilent Technologies, Inc. QuoteLSAG Segment in FocusThe latest move bodes well for the company’s growing efforts toward bolstering its Life Sciences & Applied Markets Group (LSAG) segment, which contributes the most to total revenues.In second-quarter fiscal 2023, the segment generated $968 million in revenues, which accounted for 56% of the total revenues. The figure was up 8% on a reported basis and 10% on a core basis from the prior-year fiscal quarter’s levels.We believe the company’s strong focus on bolstering the LSAG segment is expected to contribute well to its overall performance, which in turn is likely to aid it in winning investors’ confidence in the days ahead.For fiscal 2023, Agilent expects revenues between $6.93 billion and $7.03 billion, implying growth of 1.2-2.7% on a reported basis and 3-4.5% on a core basis from the respective fiscal 2022 figures. The Zacks Consensus Estimate for Agilent's 2023 revenues is pegged at $6.99 billion, indicating growth of 2.1% from 2022.Coming to the price performance, Agilent has lost 21.4% in the year-to-date period against the industry’s growth of 2.3%.Story continuesExpanding PortfolioApart from the latest LCMS systems, the company rolled out the Cary 3500 Flexible UV-Vis System to strengthen its OpenLab software suite. The new spectrophotometer is ideal for analyzing liquid samples and characterizing solid samples as it features a large sample compartment with a small footprint.Further, the company announced the acquisition of e-Msion, which is known for an innovative electron capture dissociation (ECD) technology called the ExD cell. As part of the deal, the ExD cell will be integrated into Agilent’s advanced workflows, instruments and analytical solutions, which in turn will drive Agilent’s momentum across laboratories as well as among biological researchers.Also, Agilent announced the acquisition of Avida Biomed, which develops high-performance target enrichment workflows to aid clinical researchers using next-generation sequencing (NGS) approaches in studying cancer.The solutions of Avida Biomed highly complement Agilent’s SureSelect portfolio and NGS offerings. It has added strength to A’s portfolio of clinical research solutions. The acquisition is expected to help Agilent strengthen its Diagnostics and Genomics Group (DGG) segment.We believe that the growing portfolio offerings will continue to help Agilent strengthen its presence across various end markets.Zacks Rank & Stocks to ConsiderCurrently, Agilent Technologies carries a Zacks Rank #3 (Hold).Some better-ranked stocks in the broader technology sector are Palo Alto Networks PANW, NVIDIA NVDA and AMETEK AME. While Palo Alto Networks and NVIDIA sport a Zacks Rank #1 (Strong Buy), AME carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.Palo Alto Networks shares have gained 61.9% in the year-to-date period. The long-term earnings growth rate for PANW is currently projected at 31.5%.NVIDIA shares have gained 166.1% in the year-to-date period. Its long-term earnings growth rate is presently projected at 23.02%.AMTEK shares have gained 7% in the year-to-date period. The long-term earnings growth rate for AME is currently projected at 8.95%.Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free reportNVIDIA Corporation (NVDA) : Free Stock Analysis ReportAgilent Technologies, Inc. (A) : Free Stock Analysis ReportAMETEK, Inc. (AME) : Free Stock Analysis ReportPalo Alto Networks, Inc. (PANW) : Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment Research

Zacks

Agilent (A) Boosts LCMS Portfolio With New Systems Launch

https://finance.yahoo.com/news/agilent-boosts-lcms-portfolio-systems-161600811.html

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SANTA CLARA, Calif., June 08, 2023--(BUSINESS WIRE)--Agilent Technologies Inc. (NYSE: A) today announced the release of the Agilent BioTek 406 FX washer dispenser, a compact instrument that combines multifunctional reagent dispensing and plate-washing capabilities. The BioTek 406 FX offers expanded liquid handling features designed for integration into automated systems and standalone benchtop use.Key features of the new BioTek 406 FX improve upon the benefits of the first-generation EL406 and include:Secondary peristaltic and dual syringe pumps.A touchscreen interface.Enhanced flexibility for automated workflows across a broad range of applications, such as cell-based and magnetic bead-based assays.The additional reagent dispense pumps enable up to six different reagents to be dispensed using the pump technology best suited to each step of the workflow. Combining multiple assay workflow step capabilities in a single instrument is expected to be particularly beneficial for laboratories confronting space and budgetary constraints. The 406 FX plate carrier can be accessed from the right or left side, making it ideally suited for integration into robotic systems.Caleb Foster, associate vice president of marketing for Agilent's Cell Analysis Division, discussed the impact of the release. "The launch of the 406 FX is an exciting step in the evolution of the Agilent BioTek liquid handling product line – one that incorporates years of customer feedback received from the EL406," he said. "This flexible platform replaces several instruments in one, with market-leading multifunctional capabilities.""It's a true workhorse instrument that can be used for cell-based assays, ELISA, and many other microplate-based workflows, and it brings the flexibility and reliability customers have come to expect from our products," Foster added.BioTek microplate washer dispensers are used widely throughout the life sciences industry. They are an integral part of a suite of automation-friendly Agilent solutions that aim to improve throughput and ease of use in complex end-to-end cell analysis workflows.Story continuesAbout Agilent TechnologiesAgilent Technologies Inc. (NYSE: A) is a global leader in the life sciences, diagnostics, and applied chemical markets, delivering insights and innovation that help our customers bring great science to life. Agilent’s full range of solutions includes instruments, software, services, and expertise that provide trusted answers to our customers' most challenging questions. The company generated revenue of $6.85 billion in fiscal 2022 and employs 18,000 people worldwide. Information about Agilent is available at www.agilent.com. To receive the latest Agilent news, please subscribe to the Agilent Newsroom. Follow Agilent on LinkedIn and Facebook.View source version on businesswire.com: https://www.businesswire.com/news/home/20230608005192/en/ContactsNaomi GoumilloutAgilent Technologies Inc.+1.978.314.1862naomi.goumillout@agilent.com

Business Wire

Agilent Announces BioTek 406 FX Washer Dispenser for Technology-Driven Workflow Efficiency

https://finance.yahoo.com/news/agilent-announces-biotek-406-fx-120000698.html

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Labs seek guidance in reducing their environmental footprint by increasing efficiency but overall convey optimism on sustainability effortsSANTA CLARA, Calif., June 08, 2023--(BUSINESS WIRE)--Agilent Technologies Inc. (NYSE: A) today announced the results of an independent third-party global survey that will help the industry better understand analytical laboratories’ perceptions, aspirations, and challenges concerning implementing sustainability measures.Conducted on behalf of Agilent by the international market research firm Frost & Sullivan, the survey sought to understand how lab managers globally are thinking about sustainability and reducing the environmental impact of their labs and how vendors like Agilent can help by improving products and services to address their needs and current gaps.The survey took a two-phased approach with 100 qualitative phone interviews, followed by 500 online interviews with experienced lab personnel in Asia, Europe, the United Kingdom, and the United States across all the lab types and market segments Agilent serves. The primary functions of the labs surveyed were analytical services, methods development or validation, process control, monitoring or manufacturing, quality assurance or control, research, and clinical testing.The results indicated that a high percentage (82%) of labs surveyed have already adopted sustainability measures. The top three actions that labs are currently undertaking to reduce their environmental footprint are: reducing carbon and other greenhouse gas emissions (72%), reducing or optimizing water and energy consumption (68%), and improving waste management techniques (60%). Also, 85% of those surveyed expect their vendors to support them in reaching their sustainability goals, now and in the future, and 74% of labs stated that it would be an exclusion criterion for them to engage with a company commercially that did not have a commitment to net zero."A majority of labs stated that information shared by vendors, related to their own goals and objectives towards sustainability, in addition to instrument and product-related information, was important," said Neil Rees, head of Agilent’s ESG Programs. "Our ongoing partnership with My Green Lab and their ACT Environmental Impact Factor Label program ensures that we can offer our customers third-party verified information on the environmental impact of Agilent solutions."Story continues"By providing the necessary verification and transparency of sustainability information, MGL ACT labels help consumers make informed decisions across the lifecycle impact of laboratory products," said James Connelly, My Green Lab CEO. "Participating in ACT is a key way manufacturers demonstrate their commitment to our mission to build a global culture of sustainability in science."Additionally, 54% of labs would be interested in consulting services to assess and improve lab efficiency, followed by instruments and systems that support tracking and monitoring key metrics related to sustainability (44%). Labs are also looking to vendors to provide instrument end-of-life solutions, for example, recycling services (77%) and instrument refurbishment initiatives (51%), such as Agilent’s Certified Pre-Owned Instruments Program. Agilent also showcased a selection of its MGL ACT-labelled products at the ASMS Conference held June 4 - 8 in Houston, Texas."As our customers’ definition of sustainability expands, it’s incumbent on us to be ahead of the curve in understanding their needs," Rees added. "Independent surveys such as this provide clear and impartial feedback, identifying trends and gaps that we can action, to continue to provide solutions that help ensure our customers’ sustainability goals are met or exceeded.""It’s important that we share these results with the wider community as we are all on the journey to be more sustainable," said Victoria Wadsworth, associate vice president of Reputation Marketing at Agilent. "By sharing these learnings, we can spark richer conversations and share best practices that bring everyone closer to their goals. It’s the right thing to do for business and our planet."Agilent Technologies Inc. (NYSE: A) is a global leader in analytical and clinical laboratory technologies, delivering insights and innovation that help our customers bring great science to life. Agilent’s full range of solutions includes instruments, software, services, and expertise that provide trusted answers to our customers' most challenging questions. The company generated revenue of $6.85 billion in fiscal 2022 and employs 18,000 people worldwide. Information about Agilent is available at www.agilent.com. To receive the latest Agilent news, please subscribe to the Agilent Newsroom. Follow Agilent on LinkedIn and Facebook.View source version on businesswire.com: https://www.businesswire.com/news/home/20230608005204/en/ContactsNaomi GoumilloutAgilent Technologies, Inc.+1.781.266.2819naomi.goumillout@agilent.com

Business Wire

Agilent Independent Global Lab Sustainability Survey Sheds Light on Progress Towards Greener Labs

https://finance.yahoo.com/news/agilent-independent-global-lab-sustainability-120000349.html

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Integration of Polymer Standards Service Ltd. products results in the most complete and versatile GPC/SEC portfolio on the marketSANTA CLARA, Calif., June 12, 2023--(BUSINESS WIRE)--Agilent Technologies Inc. (NYSE: A) today announced they will showcase their significantly expanded InfinityLab GPC/SEC Solution at the HPLC 2023 conference on June 18 – 22, 2023 in Düsseldorf, Germany.The Agilent InfinityLab GPC/SEC portfolio has become even more comprehensive as it incorporates added value components from recent acquisition of Polymer Standard Service Ltd. (PSS) including a dedicated GPC/SEC Column Thermostat, a Multi-Angle Light Scattering Detector, the GPC/SEC-Ready Kit, and the powerful WinGPC Software into the already existing InfinityLab GPC/SEC Solutions for advanced material characterization.In combination with Agilent GPC/SEC products like the Bio-GPC/SEC system, High-Temperature GPC system, routine-GPC/SEC software, GPC/SEC columns, standards, and dedicated service offerings this launch of additional products results in the largest one-vendor solution for GPC/SEC."We are so pleased to unveil the new GPC/SEC solutions at HPLC," said Sudharshana Seshadri, vice president of Agilent’s Liquid Chromatography, Mass Spec and Automation divisions. "The combined portfolio of Agilent and PSS delivers a total Agilent solution for the characterization of macromolecules. It enables scientists to update legacy methods, to improve productivity or to address the challenges of characterizing new and innovative high-performance materials for applications within the food, pharmaceutical and biotechnology industries.""Our goal at Agilent," continued Sudharshana Seshadri, "is to deliver the best solutions we can for our customers, considering their current and future needs. Having PSS on board brings unique expertise in serving macromolecular analysis, and combining that with Agilent’s knowledge, and strengths, enables us to address the emerging challenges that customers are facing."Story continuesAlso on display, for the first time in Europe at the HPLC 2023 conference, on the Agilent booth #3 will be: 1260 Infinity II Hybrid Multisampler offering unique capabilities for complex samples; the 1290 Infinity II Bio Online Sample Manager which together with the 1290 Infinity II LC systems, creates a high-end PAT-solution, and the Revident Quadrupole Time-of-Flight LC/MS (LC/Q-TOF) System.Agilent’s second booth #4 will showcase Agilent’s digital lab solutions. Lab optimization strategies will be articulated around key solutions such as efficient data management systems, electronic laboratory notebooks, scientific asset performance management and digital tools designed to track inventories, manage schedules, aggregate data, provide resource visibility, monitor asset performance & utilization, and integrate with other lab systems.GPC/SECGel Permeation Chromatography / Size Exclusion Chromatography (GPC/SEC) is an important separation technique for synthetic and natural polymers. GPC/SEC analysis is widely used in the chemical-, food-, pharmaceutical- and biopharmaceutical industry and research in applications to determine the molecular weight and size distribution of macromolecules.About Agilent TechnologiesAgilent Technologies Inc. (NYSE: A) is a global leader in the life sciences, diagnostics, and applied chemical markets, delivering insights and innovation that help our customers bring great science to life. Agilent’s full range of solutions includes instruments, software, services, and expertise that provide trusted answers to our customers' most challenging questions. The company generated revenue of $6.85 billion in fiscal 2022 and employs 18,000 people worldwide. Information about Agilent is available at www.agilent.com. To receive the latest Agilent news, please subscribe to the Agilent Newsroom. Follow Agilent on LinkedIn and Facebook.View source version on businesswire.com: https://www.businesswire.com/news/home/20230612005069/en/ContactsCatherine KayeAgilent Technologies+44 (0) 7775 410632Catherine.kaye@agilent.com

Business Wire

Agilent Introduces New Comprehensive GPC/SEC Solutions at HPLC 2023 Conference

https://finance.yahoo.com/news/agilent-introduces-comprehensive-gpc-sec-120000312.html

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Baron Funds, an investment management firm, released its "Baron Durable Advantage Fund" first quarter 2023 investor letter, a copy of which can be downloaded here. The Baron Durable Advantage Fund gained 16.0% during the first quarter, compared favorably to its S&P 500 benchmark which earned a 7.5% return for the same period. Spare some time to check the fund’s top 5 holdings to know more about their top bets for 2023.In its Q1 2023 investor letter, Baron Durable Advantage Fund mentioned Agilent Technologies Inc. (NYSE:A) and explained its insights for the company. Founded in 1999, Agilent Technologies Inc. (NYSE:A) is a Santa Clara, California-based research and testing company with a $35.2 billion market capitalization. Agilent Technologies Inc. (NYSE:A) delivered a -20.35% return since the beginning of the year, while its 12-month returns are up by 2.75%. The stock closed at $118.54 per share on June 12, 2023.Here is what Baron Durable Advantage Fund has to say about Agilent Technologies Inc. (NYSE:A) in its Q1 2023 investor letter:"Agilent Technologies, Inc. (A) provides instruments, software, services, and consumables for the life sciences, diagnostics, and applied chemicals markets. Despite reporting solid financial results with 10% year-over-year core revenue growth and 13% EPS growth, shares declined 7.6% during the first quarter on investor anticipation of a tougher macro environment later in 2023. We continue to believe Agilent is well positioned for long-term durable growth, driven by innovation, new product development, and its end market and geographic mix. Over time, Agilent will benefit from a shift in its business mix to higher-growth pharmaceutical, diagnostics, and research markets, while its leading competitive positioning and scale should enable it to raise margins over time."Our calculations show that Agilent Technologies Inc. (NYSE:A) was not able to secure a spot on our list of the 30 Most Popular Stocks Among Hedge Funds. Agilent Technologies Inc. (NYSE:A) was in 55 hedge fund portfolios at the end of the first quarter of 2023, compared to 48 funds in the previous quarter. Agilent Technologies Inc. (NYSE:A) delivered a -13.87% return in the past 3 months.Story continuesOn January this year, we also shared another hedge fund’s views on Agilent Technologies Inc. (NYSE:A) in another article. You can find other investor letters from hedge funds and prominent investors on our hedge fund investor letters Q1 2023 page. Suggested Articles:25 Countries With The Highest Cost of Living In The World in 202320 Best Countries to Retire Overseas Where English is Spoken12 Best Energy Stocks To Invest In According to AnalystsDisclosure: None. This article is originally published at Insider Monkey.

Insider Monkey

Is it a Good Time to Invest in Agilent (A) Shares?

https://finance.yahoo.com/news/auto-draft-160255368.html

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Agilent Technologies A is constantly gaining traction in molecular analyses on the back of its strength in liquid chromatography mass spectrometry (LCMS) offerings.This is evident from its latest InfinityLab Gel Permeation Chromatography/Size Exclusion Chromatography (GPC/SEC) solutions, which the company is gearing up to showcase at the HPLC 2023 conference.With the new solutions, which are designed for advanced material characterization, the company strengthened its Agilent InfinityLab GPC/SEC portfolio. Moreover, the portfolio now includes the benefits of the Polymer Standard Service acquisition.Notably, the new additions include the likes GPC/SEC column thermostat, the GPC/SEC-Ready Kit, a multi-angle light scattering detector and the powerful WinGPC Software.The combined portfolio of InfinityLab GPC/SEC and Polymer Standard Service will help Agilent cater well to the needs of scientists in macromolecular analysis.Also, it will aid its momentum across the chemical, food, pharmaceutical and biopharmaceutical industries.Agilent Technologies, Inc. Price and ConsensusAgilent Technologies, Inc. Price and ConsensusAgilent Technologies, Inc. price-consensus-chart | Agilent Technologies, Inc. QuoteLSAG Segment in FocusThe latest move bodes well for the company’s growing efforts toward bolstering its Life Sciences & Applied Markets Group (LSAG) segment, which contributes the most to total revenues.Apart from the expansion of the Agilent InfinityLab GPC/SEC portfolio, the company recently launched the 6495 Triple Quadrupole LC/MS (LC/TQ) System and the Revident Quadrupole Time-of-Flight LC/MS (LC/QTOF) System.Notably, 6495 LC/TQ is designed to take care of the critical transition between the discovery phase of research and the translational phase to generate meaningful scientific insights on the back of its intelligence features.Meanwhile, Revident LC/Q-TOF features instrument intelligence for maximized operation time and productivity and a novel detection system that boosts spectral purity.Story continuesTo ConcludeThe abovementioned endeavors are expected to continue aiding the performance of the LSAG segment.In second-quarter fiscal 2023, the underlined segment generated $968 million in revenues, which accounted for 56% of the total revenues. The figure was up 8% on a reported basis and 10% on a core basis from the prior-year fiscal quarter’s levels.We believe the company’s strong focus on bolstering the LSAG segment will benefit its overall performance.For fiscal 2023, Agilent expects revenues between $6.93 billion and $7.03 billion, implying growth of 1.2-2.7% on a reported basis and 3-4.5% on a core basis from the respective fiscal 2022 figures. The Zacks Consensus Estimate for Agilent's fiscal 2023 revenues is pegged at $6.99 billion, indicating growth of 2% from 2022.However, mounting expenses do not bode well for the company’s profitability. Further, macroeconomic headwinds and uncertainties in the demand environment remain concerns.Coming to price performance, Agilent has lost 20% in the year-to-date period against the industry’s growth of 4.5%.Zacks Rank & Stocks to ConsiderCurrently, Agilent Technologies carries a Zacks Rank #4 (Sell).Some better-ranked stocks in the broader technology sector are Palo Alto Networks PANW, NVIDIA NVDA and AMETEK AME. While Palo Alto Networks and NVIDIA sport a Zacks Rank #1 (Strong Buy) each, AME carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.Palo Alto Networks shares have gained 65% in the year-to-date period. The long-term earnings growth rate for PANW is currently projected at 31.5%.NVIDIA shares rallied 173.8% in the year-to-date period. Its long-term earnings growth rate is presently projected at 23.02%.AMETEK shares have increased by 10.2% in the year-to-date period. The long-term earnings growth rate for AME is currently projected at 8.95%.Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free reportNVIDIA Corporation (NVDA) : Free Stock Analysis ReportAgilent Technologies, Inc. (A) : Free Stock Analysis ReportAMETEK, Inc. (AME) : Free Stock Analysis ReportPalo Alto Networks, Inc. (PANW) : Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment Research

Zacks

Agilent (A) Boosts LSAG Segment With New GPC/SEC Solutions

https://finance.yahoo.com/news/agilent-boosts-lsag-segment-gpc-155400344.html

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Life-science stocks have struggled this year, with the iShares Biotechnology ETF suffering a negative return of 0.64%. The stocks' struggles have put them on average at a discount to Morningstar's fair-value estimate for the first time in five years.Continue reading

TheStreet.com

Life Sciences Has Lagged; Morningstar Likes These Biotech Stocks

https://finance.yahoo.com/m/904e73a0-7b9d-3620-bd7c-1465c00df4ac/life-sciences-has-lagged-.html

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A month has gone by since the last earnings report for Agilent Technologies (A). Shares have lost about 2.2% in that time frame, underperforming the S&P 500.Will the recent negative trend continue leading up to its next earnings release, or is Agilent due for a breakout? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important catalysts.Agilent Q2 Earnings Match EstimatesAgilent Technologies reported second-quarter fiscal 2023 earnings of $1.27 per share, which came in line with the Zacks Consensus Estimate. The bottom line increased by 12.4% from the year-ago fiscal quarter’s level.Revenues of $1.72 billion surpassed the Zacks Consensus Estimate of $1.67 billion. The top line was up 6.8% on a reported basis and 9.5% on a core basis from the respective year-ago fiscal quarter’s levels.Top-line growth was driven by strong momentum across Food, Academia & Gov’t and Chemistry & Advanced Materials markets. A strong performance in China also contributed well.Segmental Top Line DetailsAgilent has three reporting segments, namely, Life Sciences & Applied Markets Group (LSAG), Agilent Cross Lab Group (ACG) and Diagnostics and Genomics Group (DGG).LSAG: The segment accounted for $968 million or 56% of its total revenues, up 8% on a reported basis and 10% on a core basis from the respective prior-year fiscal quarter’s levels. This was driven by strong performance in the Chemical & Advanced Materials, Food and Academic & Gov’t markets. Strength in LC and LCMS and lab consumables also aided results.ACG: Revenues from the segment were $387 million, accounting for 23% of total revenues. Also, the top line improved by 10% from the prior-year fiscal quarter’s reading on a reported basis and 13% on a core basis, driven by strength in services attached to new instrument installations as well as expanding service offerings for the existing instrument base.DGG: Revenues increased 1% from the prior-year fiscal quarter’s figure on a reported basis and 3% on a core basis to $362 million, accounting for the remaining 21% of total revenues. Segmental growth was attributed to strength in the NASD and pathology businesses. Also, solid momentum in companion diagnostics pharma services contributed well.Story continuesOperating ResultsFor the fiscal second quarter, gross margin in the LSAG segment expanded by 90 basis points (bps) to 59.9% from the prior-year fiscal quarter’s number. ACG’s gross margin contracted 10 bps to 47%. DGG’s gross margin contracted 420 bps from the year-ago fiscal quarter’s actuals to 51.8%.Research & development (R&D) costs were $126 million, up 9.6% from the prior-year fiscal quarter’s number. Selling, general & administrative (SG&A) expenses were $415 million, up 7.5% from the year-earlier fiscal quarter’s figure. As a percentage of revenues, R&D expenses expanded 10 bps year over year to 7.3%. Meanwhile, SG&A expenses expanded 20 bps year over year to 24.2%.Operating margin for the fiscal first quarter was 22.3%, which contracted 10 bps from the year-earlier fiscal quarter’s figure.Segment-wise, the operating margin for LSAG was up 180 bps from the year-earlier fiscal quarter’s level of 27.3%. ACG’s operating margin was 26.6%, up 200 bps from the year-ago fiscal quarter’s level. DGG segment’s operating margin contracted 530 bps to 20.2% from the year-ago fiscal quarter’s figure.Balance Sheet & Cash FlowAs of Apr 30, 2023, Agilent’s cash and cash equivalents were $1.18 billion, down from $1.25 billion on Jan 31, 2023.Accounts receivables were $1.4 billion at the end of second-quarter fiscal 2023, down from $1.5 billion at the end of first-quarter fiscal 2023.Long-term debt was $2.733 billion for the reported quarter, which remained flat as compared with the prior fiscal quarter.Agilent generated $398 million in cash from operations during the reported quarter, up from $296 million generated in the previous quarter.Further, it returned $151 million to shareholders, out of which dividend payments accounted for $66 million and share repurchases accounted for the remaining $85 million.GuidanceFor the fiscal third quarter of 2023, management expects revenues of $1.640-$1.675 billion, suggesting growth between 4.5% and 2.5% on a core basis from the year-ago fiscal quarter’s actuals.Non-GAAP earnings per share are expected to be $1.36-$1.38.For fiscal 2023, management lowered its revenue guidance from the band of $7.03-$7.1 billion to $6.93-7.03 billion, implying a growth of 1.2-2.7% on a reported basis and 3-4.5% on a core basis from the respective fiscal 2022 figures.Management also updated the guidance for fiscal 2023 non-GAAP earnings per share downward from $5.65-$5.70 to $5.60-$5.65.How Have Estimates Been Moving Since Then?In the past month, investors have witnessed a downward trend in fresh estimates.VGM ScoresAt this time, Agilent has a nice Growth Score of B, though it is lagging a lot on the Momentum Score front with a D. Following the exact same course, the stock was allocated a grade of D on the value side, putting it in the bottom 40% for this investment strategy.Overall, the stock has an aggregate VGM Score of C. If you aren't focused on one strategy, this score is the one you should be interested in.OutlookEstimates have been broadly trending downward for the stock, and the magnitude of these revisions indicates a downward shift. It's no surprise Agilent has a Zacks Rank #4 (Sell). We expect a below average return from the stock in the next few months.Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free reportAgilent Technologies, Inc. (A) : Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment Research

Zacks

Agilent (A) Down 2.2% Since Last Earnings Report: Can It Rebound?

https://finance.yahoo.com/news/agilent-down-2-2-since-153016196.html

ae802d93-e908-3b47-a275-408cfcb562c5

A

Agilent Technologies (A) closed at $119.42 in the latest trading session, marking a +0.62% move from the prior day. The stock outpaced the S&P 500's daily loss of 0.77%. At the same time, the Dow lost 0.65%, and the tech-heavy Nasdaq lost 2.23%.Coming into today, shares of the scientific instrument maker had lost 0.68% in the past month. In that same time, the Computer and Technology sector gained 6.75%, while the S&P 500 gained 4.66%.Wall Street will be looking for positivity from Agilent Technologies as it approaches its next earnings report date. In that report, analysts expect Agilent Technologies to post earnings of $1.37 per share. This would mark year-over-year growth of 2.24%. Our most recent consensus estimate is calling for quarterly revenue of $1.66 billion, down 3.5% from the year-ago period.A's full-year Zacks Consensus Estimates are calling for earnings of $5.61 per share and revenue of $6.99 billion. These results would represent year-over-year changes of +7.47% and +2.04%, respectively.Investors should also note any recent changes to analyst estimates for Agilent Technologies. Recent revisions tend to reflect the latest near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.Our research shows that these estimate changes are directly correlated with near-term stock prices. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 0.15% lower. Agilent Technologies is currently a Zacks Rank #4 (Sell).Looking at its valuation, Agilent Technologies is holding a Forward P/E ratio of 21.14. This valuation marks a discount compared to its industry's average Forward P/E of 25.53.Story continuesWe can also see that A currently has a PEG ratio of 1.92. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. A's industry had an average PEG ratio of 2.78 as of yesterday's close.The Electronics - Testing Equipment industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 61, which puts it in the top 25% of all 250+ industries.The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.To follow An in the coming trading sessions, be sure to utilize Zacks.com.Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free reportAgilent Technologies, Inc. (A) : Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment Research

Zacks

Agilent Technologies (A) Gains As Market Dips: What You Should Know

https://finance.yahoo.com/news/agilent-technologies-gains-market-dips-221519990.html

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New capabilities offer simplicity and walkup usability for multimode detectionSANTA CLARA, Calif., July 10, 2023--(BUSINESS WIRE)--Agilent Technologies Inc. (NYSE: A) today announced the launch of new Gen6 software for all Agilent BioTek detection instruments. Featuring a broad range of prebuilt experiment templates for common applications, the new software provides automated optimization tools and improved navigation through built-in data analysis functions.Modern laboratories house an array of sophisticated analytical instruments controlled by equally sophisticated – and often formidably complex – software. Straightforward instrument control interfaces that quickly and reliably connect users to essential results can significantly increase the speed and ease with which scientific research efforts move forward.The design of the Agilent BioTek Gen6 software facilitates ‘walkup’ convenience for all users, regardless of experience level. The software also features an intuitive user interface that enables complete control of BioTek microplate readers for absorbance, fluorescence, and luminescence measurements in a variety of microplates for both endpoint and kinetic assays. Reading parameters, plate layout, and data analysis definition are easily established through a step-by-step process for both quantitative and qualitative assays. Additionally, well data and analysis results can be exported automatically or fully customized to suit data reporting requirements."The new Gen6 software for Agilent BioTek microplate readers delivers an improved user experience," said Caleb Foster, associate vice president of marketing for Agilent's Cell Analysis Division. "Agilent continues to develop innovative new plate readers to support our customers’ needs, driven by extensive user feedback. Gen6 is next-generation software providing new and seasoned users with the tools required for existing and future applications."Story continuesGen6 software is standard on all new Agilent BioTek microplate readers; existing users of Gen5 software can purchase an upgrade to Gen6.About Agilent TechnologiesAgilent Technologies Inc. (NYSE: A) is a global leader in the life sciences, diagnostics, and applied chemical markets, delivering insights and innovation that help our customers bring great science to life. Agilent’s full range of solutions includes instruments, software, services, and expertise that provide trusted answers to our customers' most challenging questions. The company generated revenue of $6.85 billion in fiscal 2022 and employs 18,000 people worldwide. Information about Agilent is available at www.agilent.com. To receive the latest Agilent news, please subscribe to the Agilent Newsroom. Follow Agilent on LinkedIn and Facebook.View source version on businesswire.com: https://www.businesswire.com/news/home/20230710563471/en/ContactsMEDIA CONTACTNaomi GoumilloutAgilent Technologies+1.781.266.2819naomi.goumillout@agilent.com

Business Wire

Agilent Announces Gen6 Software for BioTek Line of Microplate Readers

https://finance.yahoo.com/news/agilent-announces-gen6-software-biotek-120100341.html

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Employees once again rate the company as a top workplaceSANTA CLARA, Calif., July 10, 2023--(BUSINESS WIRE)--Agilent Technologies Inc. (NYSE: A) today announced the company has achieved certification as a Great Place to Work®. The recognition reflects Agilent's commitment to creating a positive work environment that fosters employee engagement, innovation, teamwork and professional growth.Agilent earned Great Place to Work certification in Australia, Austria, Belgium, Brazil, Canada, China, Denmark, Finland, France, Germany, Hong Kong, India, Ireland, Italy, Japan, Malaysia, Mexico, Netherlands, Singapore, South Korea, Spain, Sweden, Switzerland, Taiwan, Thailand, the United Kingdom, and the United States.The Great Place to Work certification is awarded to companies that meet the highest standards of organizational culture and employee satisfaction. It is based on a survey of Agilent’s workforce administered by the Great Place to Work Institute, which assesses employee satisfaction in key areas, from credibility and respect to fairness and camaraderie."We are thrilled to be certified as a Great Place to Work," said Mike McMullen, president and CEO of Agilent Technologies. "This achievement is a testament to the exceptional efforts of our 18,000 employees who contribute to our collaborative and welcoming workplace. At Agilent, we believe that a strong culture is essential to driving innovation and delivering superior solutions to our customers."Employees rated Agilent equal to or higher than the world’s Top 25 best workplaces on a variety of key areas, with 89 percent agreeing the company is a great place to work.The Great Place to Work certification adds to other workplace accolades Agilent has received this year, including U.S. News and World Report’s Best Companies for Work-Life Balance and Newsweek’s Greatest Workplaces. Learn more about Agilent’s culture, people and careers at careers.agilent.com.Story continuesAbout Agilent TechnologiesAgilent Technologies Inc. (NYSE: A) is a global leader in analytical and clinical laboratory technologies, delivering insights and innovation that help our customers bring great science to life. Agilent’s full range of solutions includes instruments, software, services, and expertise that provide trusted answers to our customers' most challenging questions. The company generated revenue of $6.85 billion in fiscal 2022 and employs 18,000 people worldwide. Information about Agilent is available at www.agilent.com. To receive the latest Agilent news, subscribe to the Agilent Newsroom. Follow Agilent on LinkedIn and Facebook.View source version on businesswire.com: https://www.businesswire.com/news/home/20230707274953/en/ContactsMEDIA CONTACT: Sarah Litton+1 669 255 7696sarah.litton@agilent.com

Business Wire

Agilent Achieves Great Place to Work® Certification

https://finance.yahoo.com/news/agilent-achieves-great-place-certification-145200273.html

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Cognex Corporation (CGNX) came out with quarterly earnings of $0.32 per share, beating the Zacks Consensus Estimate of $0.25 per share. This compares to earnings of $0.41 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 28%. A quarter ago, it was expected that this company would post earnings of $0.09 per share when it actually produced earnings of $0.13, delivering a surprise of 44.44%.Over the last four quarters, the company has surpassed consensus EPS estimates three times.Cognex Corporation , which belongs to the Zacks Electronics - Testing Equipment industry, posted revenues of $242.51 million for the quarter ended June 2023, surpassing the Zacks Consensus Estimate by 4.99%. This compares to year-ago revenues of $274.63 million. The company has topped consensus revenue estimates three times over the last four quarters.The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.Cognex Corporation shares have added about 8.3% since the beginning of the year versus the S&P 500's gain of 17.6%.What's Next for Cognex Corporation?While Cognex Corporation has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.Story continuesAhead of this earnings release, the estimate revisions trend for Cognex Corporation: mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $0.29 on $248.76 million in revenues for the coming quarter and $0.95 on $934.45 million in revenues for the current fiscal year.Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Electronics - Testing Equipment is currently in the top 23% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.One other stock from the same industry, Agilent Technologies (A), is yet to report results for the quarter ended July 2023. The results are expected to be released on August 15.This scientific instrument maker is expected to post quarterly earnings of $1.37 per share in its upcoming report, which represents a year-over-year change of +2.2%. The consensus EPS estimate for the quarter has been revised 0.2% lower over the last 30 days to the current level.Agilent Technologies' revenues are expected to be $1.66 billion, down 3.6% from the year-ago quarter.Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free reportCognex Corporation (CGNX) : Free Stock Analysis ReportAgilent Technologies, Inc. (A) : Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment Research

Zacks

Cognex Corporation (CGNX) Beats Q2 Earnings and Revenue Estimates

https://finance.yahoo.com/news/cognex-corporation-cgnx-beats-q2-112515938.html

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Technical University of Berlin researcher recognized for his innovative work in bioprocess engineeringSANTA CLARA, Calif., August 03, 2023--(BUSINESS WIRE)--Agilent Technologies Inc. (NYSE: A) announced that Dr. Peter Neubauer has been selected to receive a prestigious Agilent Thought Leader Award. As Chair of Bioprocess Engineering at the Technical University of Berlin, Dr. Neubauer leads innovative research to identify new methods for more efficient bioprocess development, including genetic, cultivation, and analytical tools, with a particular focus on industrial-scale applications.Automation and high throughput are important for the real-time determination of critical quality attributes (CQAs), thus optimizing biotechnological applications. To this end, substantial resources are being directed toward developing process analytical technology (PAT) – a mechanism for designing, analyzing, and controlling pharmaceutical manufacturing processes by monitoring parameters that impact quality – to ultimately minimize public health risks.Dr. Neubauer’s work orchestrates hardware, software, automation, mathematical models, and AI to discover optimal conditions for PAT end-to-end workflows. Integrating intelligent technologies and automation into PAT solutions is a key factor for moving the pharmaceutical industry toward optimized bioprocesses that improve safety and reduce hands-on intervention. The Agilent Thought Leader Award will support his ongoing research into understanding and optimizing bioprocesses for difficult-to-express proteins and the development of scale-up/scale-down strategies."We are truly grateful and excited that Agilent's award will open up the opportunity to incorporate two-dimensional liquid chromatography and mass spectrometry into our upcoming bioprocess laboratory. The use of such leading-edge instrumentation is a fundamental element in our journey towards achieving a higher level in automated bioprocess development," said Dr. Neubauer who established and heads the KIWI-biolab as an International Future Laboratory for AI for Intelligent Integrated Biolaboratories. "Given our recent progress in seamlessly orchestrating all devices required in the process, ranging from extensive analyte-specific sample preparation to the management of big data, we feel ready to conquer this next logical step of integration."Story continues"Agilent is pleased to grant this Thought Leader Award to Dr. Neubauer to support his scientific developments in the biopharma space," said Sudharshana Seshadri, vice president and general manager of Agilent’s Liquid Chromatography, Mass Spectrometry, and Automation Divisions, and executive sponsor of the award. "His important work will help the pharmaceutical industry optimize their bioprocesses and accelerate improved healthcare worldwide."The Agilent Thought Leader Award program promotes fundamental scientific advances by contributing financial support, products, and expertise to the research of influential thought leaders in the life sciences, diagnostics, and chemical analysis space. To learn more, visit the Agilent Thought Leader Award website.About Agilent TechnologiesAgilent Technologies Inc. (NYSE: A) is a global leader in analytical and clinical laboratory technologies, delivering insights and innovation that help our customers bring great science to life. Agilent’s full range of solutions includes instruments, software, services, and expertise that provide trusted answers to our customers' most challenging questions. The company generated revenue of $6.85 billion in fiscal 2022 and employs 18,000 people worldwide. Information about Agilent is available at www.agilent.com. To receive the latest Agilent news, please subscribe to the Agilent Newsroom. Follow Agilent on LinkedIn and Facebook.View source version on businesswire.com: https://www.businesswire.com/news/home/20230803578963/en/ContactsMEDIA CONTACTNaomi GoumilloutAgilent Technologies+1.978.314.1862naomi.goumillout@agilent.com

Business Wire

Agilent Announces Thought Leader Award to Peter Neubauer

https://finance.yahoo.com/news/agilent-announces-thought-leader-award-120000858.html

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UCLA scientist recognized for research developing live cell analytical tools to advance bioprocess and biomanufacturing applicationsSANTA CLARA, Calif., August 09, 2023--(BUSINESS WIRE)--Agilent Technologies Inc. (NYSE: A) announced today that Ajit Divakaruni, Ph.D., has received the Agilent 2023 Early Career Professor Award. Dr. Divakaruni is an Assistant Professor in the Department of Molecular and Medical Pharmacology at the University of California Los Angeles (UCLA).The 2023 award focused on contributions to developing live cell analytical tools to identify and measure novel critical quality attributes to advance biomanufacturing applications. Dr. Divakaruni’s interest in developing cell-based metabolic assays to guide CAR-T cell manufacturing and bioprocess development strongly aligns with Agilent’s increasing attention to developing solutions that support immunotherapies and other cell-based therapies.The Divakaruni lab focuses on how energy metabolism and metabolic flexibility – the ability to switch between sugar, amino acid, and fatty acid oxidation in response to biological cues – can control cell function and fate. This research aims to discover novel regulatory points of metabolism and develop mitochondrial proteins and pathways as therapeutic drug targets."I am honored and beyond grateful to have been selected as this year’s recipient of the Agilent Early Career Professor Award. It is a privilege to be recognized for our work in developing mitochondrial and metabolic assays to help guide early-stage drug development and inform cell-based therapeutics," said Dr. Divakaruni. "Real-time, microplate-based assays have been central to the resurgent interest in cellular metabolism, and these will continue to be at the forefront as we continue to learn even more about how mitochondria and metabolism can shape cell function.""Dr. Divakaruni’s innovative research is expanding the basic science of understanding how cell metabolism can be a driver of cell function and fate and has also made critical contributions to live cell measurement tools that elevate researchers in this field," said Chong Wing Yung, associate director of University Relations and External Research at Agilent. "We are proud to further engage with Dr. Divakaruni and support his future research endeavors, including analytical technologies for bioprocess and biomanufacturing applications."Story continuesDr. Divakaruni’s current work includes studying the crosstalk between metabolism and innate immunity and examining how adjusting the balance between sugar, fat, and amino acid oxidation can affect metabolic and neurological disease. The development and refinement of functional mitochondrial measurements are central to this work, and the Divakaruni lab emphasizes protocols and ‘roadmap’ manuscripts that may assist other researchers as they plan their experiments.Future directions of Dr. Divakaruni’s research include developing novel cell-based metabolic assays to guide CAR-T cell bioprocess development and biomanufacturing. As critical quality attributes for producing efficacious cell therapies are still poorly defined, his expertise in cell metabolism and cell analysis will play a key role in helping to define these standards.The Agilent Early Career Professor Award is an annual program that recognizes and supports promising research from professors who, early in their careers, show outstanding potential for future research in areas of importance to the communities Agilent serves. This award underscores Agilent's commitment to furthering research through the company's products and services, financial support, and collaborative engagement by Agilent scientists and engineers. Further information about the program is available at Agilent.com.About Agilent TechnologiesAgilent Technologies Inc. (NYSE: A) is a global leader in analytical and clinical laboratory technologies, delivering insights and innovation that help our customers bring great science to life. Agilent’s full range of solutions includes instruments, software, services, and expertise that provide trusted answers to our customers' most challenging questions. The company generated revenue of $6.85 billion in fiscal 2022 and employs 18,000 people worldwide. Information about Agilent is available at www.agilent.com. To receive the latest Agilent news, please subscribe to the Agilent Newsroom. Follow Agilent on LinkedIn and Facebook.View source version on businesswire.com: https://www.businesswire.com/news/home/20230809371185/en/ContactsNaomi GoumilloutAgilent Technologies+1.978.314.1862naomi.goumillout@agilent.com

Business Wire

Agilent 2023 Early Career Professor Award Presented to Ajit Divakaruni

https://finance.yahoo.com/news/agilent-2023-early-career-professor-120000771.html

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Agilent Technologies (A) closed at $127.63 in the latest trading session, marking a -0.56% move from the prior day. This change was narrower than the S&P 500's daily loss of 0.7%. Meanwhile, the Dow lost 0.54%, and the Nasdaq, a tech-heavy index, lost 1.17%.Coming into today, shares of the scientific instrument maker had gained 8.33% in the past month. In that same time, the Computer and Technology sector gained 1.4%, while the S&P 500 gained 2.35%.Investors will be hoping for strength from Agilent Technologies as it approaches its next earnings release, which is expected to be August 15, 2023. The company is expected to report EPS of $1.37, up 2.24% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $1.66 billion, down 3.56% from the prior-year quarter.For the full year, our Zacks Consensus Estimates are projecting earnings of $5.61 per share and revenue of $6.99 billion, which would represent changes of +7.47% and +2.07%, respectively, from the prior year.It is also important to note the recent changes to analyst estimates for Agilent Technologies. These revisions help to show the ever-changing nature of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.Based on our research, we believe these estimate revisions are directly related to near-team stock moves. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. The Zacks Consensus EPS estimate has moved 0.05% lower within the past month. Agilent Technologies is currently a Zacks Rank #3 (Hold).Digging into valuation, Agilent Technologies currently has a Forward P/E ratio of 22.87. This represents a discount compared to its industry's average Forward P/E of 25.76.Story continuesIt is also worth noting that A currently has a PEG ratio of 2.08. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. Electronics - Testing Equipment stocks are, on average, holding a PEG ratio of 2.87 based on yesterday's closing prices.The Electronics - Testing Equipment industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 50, which puts it in the top 20% of all 250+ industries.The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free reportAgilent Technologies, Inc. (A) : Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment Research

Zacks

Agilent Technologies (A) Stock Moves -0.56%: What You Should Know

https://finance.yahoo.com/news/agilent-technologies-stock-moves-0-221515546.html

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Revenue at the high end of guidance and EPS exceeds guidanceFourth-quarter fiscal year 2023Revenue of $1.69 billion, down 8.7% reported and 9.7% core(1) from the fourth quarter of 2022.GAAP net income of $475 million; earnings per share (EPS) of $1.62, up 32% from the fourth quarter of 2022.Non-GAAP(2) net income of $404 million; EPS of $1.38, down 10% from the fourth quarter of 2022.Full fiscal year 2023Revenue of $6.83 billion, flat on a reported basis and up 1.5% core(1) year-over-year.GAAP net income of $1.240 billion; EPS of $4.19, flat year-over-year.Non-GAAP(2) net income of $1.609 billion; EPS of $5.44, up 4% year-over-year.Fiscal year 2024 and first-quarter outlookFiscal year 2024 revenue is expected in the range of $6.71 billion to $6.81 billion, representing a range of down 1.8% to 0.3% on a reported basis and down 0.5% to up 1% core(1). Fiscal year 2024 non-GAAP(3) earnings guidance is expected in the range of $5.44 to $5.55 per share.Fiscal first-quarter revenue guidance is expected in the range of $1.555 billion to $1.605 billion, a decline of 11.4% to 8.6% reported and a decline of 11.3% to 8.5% core(1). Fiscal first-quarter non-GAAP(3) earnings guidance is expected in the range of $1.20 to $1.23 per share.SANTA CLARA, Calif., November 20, 2023--(BUSINESS WIRE)--Agilent Technologies Inc. (NYSE: A) today reported revenue of $1.69 billion for the fourth quarter ended Oct. 31, 2023, a decline of 8.7% reported and 9.7% core(1) compared to the fourth quarter of 2022.Fourth-quarter GAAP net income was $475 million, or $1.62 per share. This compares with $368 million, or $1.23 per share, in the fourth quarter of fiscal year 2022. Non-GAAP(2) net income was $404 million, or $1.38 per share during the quarter, compared with $456 million or $1.53 per share during the fourth quarter a year ago."The Agilent team continued its strong execution in Q4 and delivered leveraged earnings in 2023 during a challenging year for the industry," said President and CEO Mike McMullen. "As we look ahead to 2024, we anticipate a slow but steady recovery. We have high confidence in the markets in which we have invested, the strength and resilience of our team, and the benefits of our build and buy growth strategy. Agilent is well-positioned for long-term growth."Story continuesFinancial HighlightsLife Sciences and Applied Markets GroupAgilent’s Life Sciences and Applied Markets Group (LSAG) reported fourth-quarter revenue of $928 million, a decline of 17% reported and 18% core(1) year-over-year. LSAG’s operating margin for the quarter was 28.1%. Full-year revenue of $3.86 billion declined 4% reported and 2% core(1) over last year. LSAG’s operating margin for the year was 28.9%.Agilent CrossLab GroupThe Agilent CrossLab Group (ACG) reported fourth-quarter revenue of $404 million, an increase of 6% reported and 4% core(1) year-over-year. ACG’s operating margin for the quarter was 31.7%. Full-year revenue of $1.57 billion grew 8% reported and 10% core(1) over last year. ACG’s operating margin for the year was 29.5%.Diagnostics and Genomics GroupThe Diagnostics and Genomics Group (DGG) reported fourth-quarter revenue of $356 million, an increase of 1% reported and flat on a core(1) basis year-over-year. DGG’s operating margin for the quarter was 22.5%. Full-year revenue of $1.41 billion increased 1% reported and 3% core(1) year over year. DGG’s operating margin for the year was 21.0%.Full Year 2024 and First-Quarter OutlookFull-year revenue is expected to be in the range of $6.71 billion to $6.81 billion, a decline of 1.8% to 0.3% on a reported basis and down 0.5% to up 1% core(1). Full-year non-GAAP(3) EPS is expected to be in the range of $5.44 to $5.55 per share.The outlook for first-quarter revenue is expected to be in the range of $1.555 billion to $1.605 billion, a decline of 11.4% to 8.6% reported and a decline of 11.3% to 8.5% core(1). First-quarter non-GAAP(3) earnings guidance is expected to be in the range of $1.20 to $1.23 per share.The outlook is based on forecasted currency exchange rates.Conference CallAgilent’s management will present additional details regarding the company’s fourth-quarter 2023 financial results on a conference call with investors today at 1:30 p.m. PST. This event will be broadcast live online in listen-only mode. To listen to the webcast, select the "Q4 2023 Agilent Technologies Inc. Earnings Conference Call" link on the Agilent Investor Relations website. The webcast will remain on the company site for 90 days.About Agilent TechnologiesAgilent Technologies Inc. (NYSE: A) is a global leader in analytical and clinical laboratory technologies, delivering insights and innovation that help our customers bring great science to life. Agilent’s full range of solutions includes instruments, software, services, and expertise that provide trusted answers to our customers' most challenging questions. The company generated revenue of $6.83 billion in fiscal 2023 and employs 18,000 people worldwide. Information about Agilent is available at www.agilent.com. To receive the latest Agilent news, subscribe to the Agilent Newsroom. Follow Agilent on LinkedIn and Facebook.Forward-Looking StatementsThis news release contains forward-looking statements as defined in the Securities Exchange Act of 1934 and is subject to the safe harbors created therein. The forward-looking statements contained herein include, but are not limited to, information regarding Agilent’s growth prospects, business, financial results, revenue, and non-GAAP earnings guidance for Q1 and fiscal year 2024 and future amortization of intangibles. These forward-looking statements involve risks and uncertainties that could cause Agilent’s results to differ materially from management’s current expectations. Such risks and uncertainties include, but are not limited to, unforeseen changes in the strength of Agilent’s customers’ businesses; unforeseen changes in the demand for current and new products, technologies, and services; unforeseen changes in the currency markets; customer purchasing decisions and timing; and the risk that Agilent is not able to realize the savings expected from integration and restructuring activities. In addition, other risks that Agilent faces in running its operations include the ability to execute successfully through business cycles; the ability to meet and achieve the benefits of its cost-reduction goals and otherwise successfully adapt its cost structures to continuing changes in business conditions; ongoing competitive, pricing and gross-margin pressures; the risk that its cost-cutting initiatives will impair its ability to develop products and remain competitive and to operate effectively; the impact of geopolitical uncertainties and global economic conditions on its operations, its markets and its ability to conduct business; the ability to improve asset performance to adapt to changes in demand; the ability of its supply chain to adapt to changes in demand; the ability to successfully introduce new products at the right time, price and mix; the ability of Agilent to successfully integrate recent acquisitions; the ability of Agilent to successfully comply with certain complex regulations; and other risks detailed in Agilent’s filings with the Securities and Exchange Commission, including its quarterly report on Form 10-Q for the fiscal quarter ended July 31, 2023. Forward-looking statements are based on the beliefs and assumptions of Agilent’s management and on currently available information. Agilent undertakes no responsibility to publicly update or revise any forward-looking statement.(1) Core revenue growth excludes the impact of currency and acquisitions and divestitures within the past 12 months. Core revenue is a non-GAAP measure. Reconciliations between GAAP revenue and core revenue for Q4 fiscal year 2023 and full fiscal year 2023 are set forth on pages 6 and 7 of the attached tables along with additional information regarding the use of this non-GAAP measure. Core revenue growth rate as projected for full fiscal year 2024 excludes the impact of currency and acquisitions and divestitures within the past 12 months. Most of the excluded amounts pertain to events that have not yet occurred and are not currently possible to estimate with a reasonable degree of accuracy and could differ materially. Therefore, no reconciliation to GAAP amounts has been provided for the projection.(2) Non-GAAP net income and non-GAAP earnings per share primarily exclude the impacts of restructuring and other related costs, asset impairments, intangibles amortization, transformational initiatives, acquisition and integration costs, business exit and divestiture costs, net loss on equity securities, pension settlement loss, special compliance costs, change in fair value of contingent consideration and loss on extinguishment of debt. Agilent also excludes any tax benefits or expenses that are not directly related to ongoing operations, and which are either isolated or are not expected to occur again with any regularity or predictability. A reconciliation between non-GAAP net income and GAAP net income is set forth on page 4 of the attached tables along with additional information regarding the use of this non-GAAP measure.(3) Non-GAAP earnings per share as projected for full fiscal year 2024 exclude primarily the estimated impacts of non-cash intangibles amortization, transformational initiatives, and acquisition and integration costs. Agilent also excludes any tax benefits or expenses that are not directly related to ongoing operations, and which are either isolated or are not expected to occur again with any regularity or predictability. Most of these excluded amounts pertain to events that have not yet occurred and are not currently possible to estimate with a reasonable degree of accuracy and could differ materially. Therefore, no reconciliation to GAAP amounts has been provided. Future amortization of intangibles is expected to be approximately $25 million per quarter.AGILENT TECHNOLOGIES, INC.CONDENSED CONSOLIDATED STATEMENT OF OPERATIONS(In millions, except per share amounts)(Unaudited)PRELIMINARYThree Months EndedYears EndedOctober 31,October 31,2023202220232022Net revenue$1,688$1,849$6,833$6,848Costs and expenses:Cost of products and services7738373,3683,126Research and development114119481467Selling, general and administrative3934221,6341,637Total costs and expenses1,2801,3785,4835,230Income from operations4084711,3501,618Interest income175519Interest expense(22)(23)(95)(84)Other income (expense), net17233(39)Income before taxes4204551,3391,504Provision for (benefit from) income taxes(55)8799250Net income$475$368$1,240$1,254Net income per share:Basic$1.63$1.24$4.22$4.19Diluted$1.62$1.23$4.19$4.18Weighted average shares used in computing net income per share:Basic292296294299Diluted293298296300The preliminary income statement is estimated based on our current information.Page 1AGILENT TECHNOLOGIES, INC.CONDENSED CONSOLIDATED BALANCE SHEET(In millions, except par value and share amounts)(Unaudited)PRELIMINARYOctober 31,October 31,20232022ASSETSCurrent assets:Cash and cash equivalents$1,590$1,053Accounts receivable, net1,2911,405Inventory1,0311,038Other current assets274282Total current assets4,1863,778Property, plant and equipment, net1,2701,100Goodwill3,9603,952Other intangible assets, net475821Long-term investments164195Other assets708686Total assets$10,763$10,532LIABILITIES AND EQUITYCurrent liabilities:Accounts payable$418$580Employee compensation and benefits371455Deferred revenue505461Short-term debt—36Other accrued liabilities309329Total current liabilities1,6031,861Long-term debt2,7352,733Retirement and post-retirement benefits10397Other long-term liabilities477536Total liabilities4,9185,227Total Equity:Stockholders' equity:Preferred stock; $0.01 par value; 125,000,000 shares authorized; none issued and outstanding at October 31, 2023 and October 31, 2022——Common stock; $0.01 par value, 2,000,000,000 shares authorized; 292,123,241 shares at October 31, 2023 and 295,259,092 shares at October 31, 2022, issued and outstanding33Additional paid-in-capital5,3875,325Retained earnings782324Accumulated other comprehensive loss(327)(347)Total stockholders' equity5,8455,305Total liabilities and stockholders' equity$10,763$10,532The preliminary balance sheet is estimated based on our current information.Page 2AGILENT TECHNOLOGIES, INC.CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS(In millions)(Unaudited)PRELIMINARYYears EndedOctober 31,October 31,20232022Cash flows from operating activities:Net income$1,240$1,254Adjustments to reconcile net income to net cash provided by operating activities:Depreciation and amortization271317Share-based compensation111125Deferred taxes(56)8Excess and obsolete inventory related charges4024Net loss on equity securities4167Asset impairment charges277—Change in fair value of contingent consideration1(25)Loss on extinguishment of debt—9Net gain on divestiture of business(43)—Other non-cash expense, net611Changes in assets and liabilities:Accounts receivable, net132(321)Inventory(33)(248)Accounts payable(171)121Employee compensation and benefits(91)(22)Other assets and liabilities47(8)Net cash provided by operating activities (a)1,7721,312Cash flows from investing activities:Payments to acquire property, plant and equipment(298)(291)Proceeds from sale of equity securities522Payments to acquire equity securities(8)(13)Proceeds from convertible note4—Payments in exchange for convertible note(12)(4)Proceeds from divestiture of business50—Payments to acquire businesses and intangible assets, net of cash acquired(51)(52)Net cash used in investing activities(310)(338)Cash flows from financing activities:Proceeds from issuance of common stock under employee stock plans6758Payment of taxes related to net share settlement of equity awards(54)(67)Payments for repurchase of common stock(575)(1,139)Payments of dividends(265)(250)Proceeds from issuance of long-term debt—600Repayments of long-term debt—(609)Net proceeds from (repayment of) short-term debt(35)35Payment for contingent consideration(68)—Net cash used in financing activities(930)(1,372)Effect of exchange rate movements5(36)Net increase (decrease) in cash, cash equivalents and restricted cash537(434)Cash, cash equivalents and restricted cash at beginning of period1,0561,490Cash, cash equivalents and restricted cash at end of period$1,593$1,056Reconciliation of cash, cash equivalents and restricted cash to the condensed consolidated balance sheet:Cash and cash equivalents$1,590$1,053Restricted cash, included in other assets33Total cash, cash equivalents and restricted cash$1,593$1,056(a) Cash payments included in operating activities:Income tax paid, net of refunds received$199$279Interest payments, net of capitalized interest$89$85The preliminary cash flow is estimated based on our current information.Page 3AGILENT TECHNOLOGIES, INC.NON-GAAP NET INCOME AND DILUTED EPS RECONCILIATIONS(In millions, except per share amounts)(Unaudited)PRELIMINARYThree Months EndedYears EndedOctober 31,October 31,2023202220232022Net IncomeDiluted EPSNet IncomeDiluted EPSNet IncomeDiluted EPSNet IncomeDiluted EPSGAAP net income$475$1.62$368$1.23$1,240...$4.19$1,254$4.18Non-GAAP adjustments:Restructuring and other related costs460.16——460.16——Asset impairments————2770.94——Intangible amortization270.09420.141390.471910.64Transformational initiatives(6)(0.02)90.03250.08300.10Acquisition and integration costs40.0160.02160.05250.08Business exit and divestiture costs (gain)(43)(0.15)——(43)(0.15)70.02Net loss on equity securities270.0950.02420.14630.21Pension settlement loss40.0140.0140.0140.01Special compliance costs————90.03——Change in fair value of contingent consideration————1—(25)(0.08)Loss on extinguishment of debt——————90.03Other(11)(0.03)100.03110.04120.04Adjustment for taxes (a)(119)(0.40)120.05(158)(0.52)(5)(0.01)Non-GAAP net income$404$1.38$456$1.53$1,609$5.44$1,565$5.22(a) The adjustment for taxes excludes tax expense (benefits) that management believes are not directly related to on-going operations and which are either isolated, temporary or cannot be expected to occur again with any regularity or predictability such as the realized gain/loss due to sale of a business, windfall benefits on stock compensation, and the impact of R&D capitalization under section 174 of the Tax Cuts and Jobs Act of 2017. For the three months and year ended October 31, 2023, management used a non-GAAP effective tax rate of 13.75%. For the three months ended October 31, 2022, management used a non-GAAP effective tax rate of 14.12%. For the year ended October 31, 2022, management used a non-GAAP effective tax rate of 14.00%.We provide non-GAAP net income and non-GAAP net income per share amounts in order to provide meaningful supplemental information regarding our operational performance and our prospects for the future. These supplemental measures exclude, among other things, charges related to restructuring and other related costs, asset impairments, amortization of intangibles, transformational initiatives, acquisition and integration costs, business exit and divestiture costs, net loss on equity securities, pension settlement loss, special compliance costs, change in fair value of contingent consideration and loss on extinguishment of debt .Restructuring and other related costs include incremental expenses incurred in the period associated with restructuring programs, usually aimed at changes in business and/or cost structure. Such costs may include one-time termination benefits, facility-related costs and contract termination fees.Asset impairments include assets that have been written down to their fair value.Transformational initiatives include expenses associated with targeted cost reduction activities such as manufacturing transfers including costs to move manufacturing, small site consolidations, legal entity and other business reorganizations, insourcing or outsourcing of activities. Such costs may include move and relocation costs, one-time termination benefits and other one-time reorganization costs. Included in this category are also expenses associated with company programs to transform our product lifecycle management (PLM) system, human resources and financial systems.Acquisition and integration costs include all incremental expenses incurred to effect a business combination. Such acquisition costs may include advisory, legal, accounting, valuation, and other professional or consulting fees. Such integration costs may include expenses directly related to integration of business and facility operations, the transfer of assets and intellectual property, information technology systems and infrastructure and other employee-related costs.Business exit and divestiture costs (gain) include costs and gain associated with business divestitures.Net loss on equity securities relates to the realized and unrealized mark-to-market adjustments for our marketable and non-marketable equity securities.Pension settlement loss relates to the relief of the US Retirement Plan pension obligation due to increased lump sum payouts over a specified accounting threshold.Special compliance costs include costs associated with transforming our processes to implement new regulations such as environmental compliance costs related to a prior acquisition, NASD site costs and certain tax reporting requirements.Change in fair value of contingent consideration represents changes in the fair value estimate of acquisition-related contingent consideration.Loss on extinguishment of debt for the year ended October 31, 2022 relates to the net loss recorded on the redemption of the $600 million outstanding 3.875% 2023 senior notes due on July 15, 2023, called on April 4, 2022 and settled on May 4, 2022.Other includes acceleration of share-based compensation expense and certain legal costs and settlements in addition to other miscellaneous adjustments.Our management uses non-GAAP measures to evaluate the performance of our core businesses, to estimate future core performance and to compensate employees. Since management finds this measure to be useful, we believe that our investors benefit from seeing our results "through the eyes" of management in addition to seeing our GAAP results. This information facilitates our management’s internal comparisons to our historical operating results as well as to the operating results of our competitors.Our management recognizes that items such as amortization of intangibles can have a material impact on our cash flows and/or our net income. Our GAAP financial statements including our statement of cash flows portray those effects. Although we believe it is useful for investors to see core performance free of special items, investors should understand that the excluded items are actual expenses that may impact the cash available to us for other uses. To gain a complete picture of all effects on the company’s profit and loss from any and all events, management does (and investors should) rely upon the GAAP income statement. The non-GAAP numbers focus instead upon the core business of the company, which is only a subset, albeit a critical one, of the company’s performance.Readers are reminded that non-GAAP numbers are merely a supplement to, and not a replacement for, GAAP financial measures. They should be read in conjunction with the GAAP financial measures. It should be noted as well that our non-GAAP information may be different from the non-GAAP information provided by other companies.The preliminary non-GAAP net income and diluted EPS reconciliation is estimated based on our current information.Page 4AGILENT TECHNOLOGIES, INC.SEGMENT INFORMATION(In millions, except where noted)(Unaudited)PRELIMINARYQuarter-over-QuarterLife Sciences and Applied Markets GroupQ4'23Q4'22Revenue$928$1,116Gross Margin, %59.6%60.6%Income from Operations$261$365Operating margin, %28.1%32.7%Diagnostics and Genomics GroupQ4'23Q4'22Revenue$356$352Gross Margin, %51.9%51.0%Income from Operations$80$69Operating margin, %22.5%19.5%Agilent CrossLab GroupQ4'23Q4'22Revenue$404$381Gross Margin, %50.4%48.6%Income from Operations$128$104Operating margin, %31.7%27.4%Year-over-YearLife Sciences and Applied Markets GroupFY23FY22Revenue$3,856$4,007Gross Margin, %60.2%60.2%Income from Operations$1,116$1,186Operating margin, %28.9%29.6%Diagnostics and Genomics GroupFY23FY22Revenue$1,409$1,389Gross Margin, %51.8%53.5%Income from Operations$296$301Operating margin, %21.0%21.7%Agilent CrossLab GroupFY23FY22Revenue$1,568$1,452Gross Margin, %49.3%47.6%Income from Operations$463$370Operating margin, %29.5%25.5%Income from operations reflect the results of our reportable segments under Agilent's management reporting system which are not necessarily in conformity with GAAP financial measures. Income from operations of our reporting segments exclude, among other things, charges related to restructuring and other related costs, asset impairments, amortization of intangibles, transformational initiatives, acquisition and integration costs, business exit and divestiture costs, special compliance costs and change in fair value of contingent consideration.Readers are reminded that non-GAAP numbers are merely a supplement to, and not a replacement for, GAAP financial measures. They should be read in conjunction with the GAAP financial measures. It should be noted as well that our non-GAAP information may be different from the non-GAAP information provided by other companies.The preliminary segment information is estimated based on our current information.Page 5AGILENT TECHNOLOGIES, INC.RECONCILIATIONS OF REVENUE BY SEGMENTEXCLUDING ACQUISITIONS, DIVESTITURES AND THE IMPACT OF CURRENCY ADJUSTMENTS (CORE)(in millions)(Unaudited)PRELIMINARYYear-over-YearGAAPYear-over-YearGAAP Revenue by SegmentQ4'23Q4'22% ChangeLife Sciences and Applied Markets Group$928$1,116(17%)Diagnostics and Genomics Group3563521%Agilent CrossLab Group4043816%Agilent$1,688$1,849(9%)Non-GAAP(excluding Acquisitions & Divestitures)Year-over-Yearat Constant Currency (a)Non GAAP Revenue by SegmentQ4'23Q4'22Year-over-Year% ChangeYear-over-Year% ChangePercentage Point Impact from CurrencyCurrent QuarterCurrency Impact (b)Life Sciences and Applied Markets Group$928$1,116(17%)(18%)1 ppt$9Diagnostics and Genomics Group3563502%—2 ppts5Agilent CrossLab Group4043816%4%2 ppts6Agilent (Core)$1,688$1,847(9%)(10%)1 ppt$20We compare the year-over-year change in revenue excluding the effect of recent acquisitions and divestitures and foreign currency rate fluctuations to assess the performance of our underlying business.(a) The constant currency year-over-year growth percentage is calculated by recalculating all periods in the comparison period at the foreign currency exchange rates used for accounting during the last month of the current quarter and then using those revised values to calculate the year-over-year percentage change.(b) The dollar impact from the current quarter currency impact is equal to the total year-over-year dollar change less the constant currency year-over-year change.The preliminary reconciliation of GAAP revenue adjusted for recent acquisitions and divestitures and impact of currency is estimated based on our current information.Page 6AGILENT TECHNOLOGIES, INC.RECONCILIATIONS OF REVENUE BY SEGMENTEXCLUDING ACQUISITIONS, DIVESTITURES AND THE IMPACT OF CURRENCY ADJUSTMENTS (CORE)(in millions)(Unaudited)PRELIMINARYYear-over-YearGAAPYear-over-YearGAAP Revenue by SegmentFY23FY22% ChangeLife Sciences and Applied Markets Group$3,856$4,007(4%)Diagnostics and Genomics Group1,4091,3891%Agilent CrossLab Group1,5681,4528%Agilent$6,833$6,848—Non-GAAP(excluding Acquisitions & Divestitures)Year-over-Yearat Constant Currency (a)Non GAAP Revenue by SegmentFY23FY22Year-over-Year% ChangeYear-over-Year% ChangePercentage Point Impact from CurrencyCurrent Quarter Currency Impact (b)Life Sciences and Applied Markets Group$3,849$4,007(4%)(2%)-2 ppts$(73)Diagnostics and Genomics Group1,4091,3872%3%-1 ppt(18)Agilent CrossLab Group1,5681,4528%10%-2 ppts(31)Agilent (Core)$6,826$6,846—1%-1 ppt$(122)We compare the year-over-year change in revenue excluding the effect of recent acquisitions and divestitures and foreign currency rate fluctuations to assess the performance of our underlying business.(a) The constant currency year-over-year growth percentage is calculated by recalculating all periods in the comparison period at the foreign currency exchange rates used for accounting during the last month of the current quarter and then using those revised values to calculate the year-over-year percentage change.(b) The dollar impact from the current year currency impact is equal to the total year-over-year dollar change less the constant currency year-over-year change.The preliminary reconciliation of GAAP revenue adjusted for recent acquisitions and divestitures and impact of currency is estimated based on our current information.Page 7View source version on businesswire.com: https://www.businesswire.com/news/home/20231120915570/en/ContactsInvestor Contact: Parmeet Ahuja+1 408-345-8948parmeet_ahuja@agilent.comMedia Contact: Tom Beermann+1 408-553-2914tom.beermann@agilent.com

Business Wire

Agilent Reports Fourth-Quarter Fiscal Year 2023 Financial Results

https://finance.yahoo.com/news/agilent-reports-fourth-quarter-fiscal-210500253.html

f4e5a747-e8e5-3721-a5ae-981af0a7cfb5

A

Fourth-quarter revenue declined by 8.7% reported and 9.7% core year-over-year.GAAP EPS increased by 32% in Q4, while non-GAAP EPS decreased by 10% compared to the same period last year.Full fiscal year 2023 revenue remained flat, with a slight core increase of 1.5% year-over-year.Agilent's fiscal year 2024 outlook anticipates a slow recovery with revenue expected to range between $6.71 billion and $6.81 billion.Warning! GuruFocus has detected 6 Warning Sign with GBDC.On November 20, 2023, Agilent Technologies Inc (NYSE:A) released its 8-K filing, detailing the financial results for the fourth quarter and full fiscal year 2023. The company reported a fourth-quarter revenue of $1.69 billion, which represents an 8.7% decrease on a reported basis and a 9.7% decrease on a core basis from the fourth quarter of 2022. Despite the revenue decline, Agilent's GAAP net income rose to $475 million, with earnings per share (EPS) climbing to $1.62, a 32% increase from the previous year's quarter. However, non-GAAP net income saw a decrease, with EPS dropping by 10% to $1.38.Fiscal Year 2023 Performance OverviewFor the full fiscal year 2023, Agilent's revenue remained flat at $6.83 billion on a reported basis but showed a modest core increase of 1.5% year-over-year. The GAAP net income for the year was $1.240 billion, with EPS remaining steady at $4.19. The non-GAAP net income for the year was $1.609 billion, with a 4% increase in EPS to $5.44.Segment Performance and OutlookThe Life Sciences and Applied Markets Group (LSAG) experienced a significant revenue decline of 17% reported and 18% core year-over-year in Q4, with a full-year revenue decrease of 4% reported and 2% core. Conversely, the Agilent CrossLab Group (ACG) saw a 6% reported and 4% core increase in Q4 revenue, with an 8% reported and 10% core growth for the full year. The Diagnostics and Genomics Group (DGG) reported a slight 1% increase in revenue on a reported basis and remained flat on a core basis for both the quarter and the full year.Story continuesLooking ahead to fiscal year 2024, Agilent expects revenue to be in the range of $6.71 billion to $6.81 billion, which would represent a slight decline to a marginal increase on a reported basis and a core basis, respectively. The non-GAAP EPS is projected to be between $5.44 and $5.55. For the fiscal first quarter, revenue is anticipated to decline by 11.4% to 8.6% reported and 11.3% to 8.5% core, with non-GAAP earnings guidance expected to be in the range of $1.20 to $1.23 per share.Financial Statements HighlightsAgilent's balance sheet as of October 31, 2023, shows an increase in total assets to $10.763 billion, up from $10.532 billion the previous year. The company's cash and cash equivalents also rose to $1.590 billion, compared to $1.053 billion in 2022. The condensed consolidated statement of cash flows indicates a net cash provided by operating activities of $1.772 billion for the year ended October 31, 2023, a notable increase from $1.312 billion in the previous year.Management Commentary"The Agilent team continued its strong execution in Q4 and delivered leveraged earnings in 2023 during a challenging year for the industry," said President and CEO Mike McMullen. "As we look ahead to 2024, we anticipate a slow but steady recovery. We have high confidence in the markets in which we have invested, the strength and resilience of our team, and the benefits of our build and buy growth strategy. Agilent is well-positioned for long-term growth."Agilent's financial performance in the fourth quarter and full fiscal year 2023 reflects the company's resilience in a challenging market. While certain segments experienced declines, others showed growth, and the company's overall financial health remains robust. Investors and stakeholders can look forward to a cautious but optimistic outlook for the coming fiscal year.Explore the complete 8-K earnings release (here) from Agilent Technologies Inc for further details.This article first appeared on GuruFocus.

GuruFocus.com

Agilent Technologies Inc (A) Reports Mixed Fiscal Year 2023 Results Amid Industry Challenges

https://finance.yahoo.com/news/agilent-technologies-inc-reports-mixed-214124027.html

3656149b-9b19-370c-bef5-03fa9c016fd5

AAL

American Airlines Group Inc. (NASDAQ:AAL) shareholders should be happy to see the share price up 14% in the last month. But that can't change the reality that over the longer term (five years), the returns have been really quite dismal. Indeed, the share price is down 65% in the period. So is the recent increase sufficient to restore confidence in the stock? Not yet. Of course, this could be the start of a turnaround.While the last five years has been tough for American Airlines Group shareholders, this past week has shown signs of promise. So let's look at the longer term fundamentals and see if they've been the driver of the negative returns. View our latest analysis for American Airlines Group While the efficient markets hypothesis continues to be taught by some, it has been proven that markets are over-reactive dynamic systems, and investors are not always rational. One imperfect but simple way to consider how the market perception of a company has shifted is to compare the change in the earnings per share (EPS) with the share price movement.American Airlines Group became profitable within the last five years. Most would consider that to be a good thing, so it's counter-intuitive to see the share price declining. Other metrics might give us a better handle on how its value is changing over time.Arguably, the revenue drop of 3.6% a year for half a decade suggests that the company can't grow in the long term. This has probably encouraged some shareholders to sell down the stock.You can see below how earnings and revenue have changed over time (discover the exact values by clicking on the image).earnings-and-revenue-growthIt's probably worth noting that the CEO is paid less than the median at similar sized companies. But while CEO remuneration is always worth checking, the really important question is whether the company can grow earnings going forward. If you are thinking of buying or selling American Airlines Group stock, you should check out this free report showing analyst profit forecasts.Story continuesA Different PerspectiveWhile the broader market gained around 5.8% in the last year, American Airlines Group shareholders lost 12%. However, keep in mind that even the best stocks will sometimes underperform the market over a twelve month period. Unfortunately, longer term shareholders are suffering worse, given the loss of 10% doled out over the last five years. We would want clear information suggesting the company will grow, before taking the view that the share price will stabilize. While it is well worth considering the different impacts that market conditions can have on the share price, there are other factors that are even more important. Even so, be aware that American Airlines Group is showing 3 warning signs in our investment analysis , and 2 of those are a bit unpleasant...For those who like to find winning investments this free list of growing companies with recent insider purchasing, could be just the ticket.Please note, the market returns quoted in this article reflect the market weighted average returns of stocks that currently trade on American exchanges.Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.Join A Paid User Research SessionYou’ll receive a US$30 Amazon Gift card for 1 hour of your time while helping us build better investing tools for the individual investors like yourself. Sign up here

Simply Wall St.

Positive earnings growth hasn't been enough to get American Airlines Group (NASDAQ:AAL) shareholders a favorable return over the last five years

https://finance.yahoo.com/news/positive-earnings-growth-hasnt-enough-150059997.html

eb848861-7f22-3cc3-856d-826e012477a7

AAL

American Airlines (AAL) appears an attractive pick, as it has been recently upgraded to a Zacks Rank #2 (Buy). This upgrade is essentially a reflection of an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices.The sole determinant of the Zacks rating is a company's changing earnings picture. The Zacks Consensus Estimate -- the consensus of EPS estimates from the sell-side analysts covering the stock -- for the current and following years is tracked by the system.The power of a changing earnings picture in determining near-term stock price movements makes the Zacks rating system highly useful for individual investors, since it can be difficult to make decisions based on rating upgrades by Wall Street analysts. These are mostly driven by subjective factors that are hard to see and measure in real time.Therefore, the Zacks rating upgrade for American Airlines basically reflects positivity about its earnings outlook that could translate into buying pressure and an increase in its stock price.Most Powerful Force Impacting Stock PricesThe change in a company's future earnings potential, as reflected in earnings estimate revisions, has proven to be strongly correlated with the near-term price movement of its stock. The influence of institutional investors has a partial contribution to this relationship, as these big professionals use earnings and earnings estimates to calculate the fair value of a company's shares. An increase or decrease in earnings estimates in their valuation models simply results in higher or lower fair value for a stock, and institutional investors typically buy or sell it. Their transaction of large amounts of shares then leads to price movement for the stock.Fundamentally speaking, rising earnings estimates and the consequent rating upgrade for American Airlines imply an improvement in the company's underlying business. Investors should show their appreciation for this improving business trend by pushing the stock higher.Story continuesHarnessing the Power of Earnings Estimate RevisionsEmpirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock movements, so it could be truly rewarding if such revisions are tracked for making an investment decision. Here is where the tried-and-tested Zacks Rank stock-rating system plays an important role, as it effectively harnesses the power of earnings estimate revisions.The Zacks Rank stock-rating system, which uses four factors related to earnings estimates to classify stocks into five groups, ranging from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), has an impressive externally-audited track record, with Zacks Rank #1 stocks generating an average annual return of +25% since 1988. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here >>>>.Earnings Estimate Revisions for American AirlinesThis world's largest airline is expected to earn $2.71 per share for the fiscal year ending December 2023, which represents a year-over-year change of 442%.Analysts have been steadily raising their estimates for American Airlines. Over the past three months, the Zacks Consensus Estimate for the company has increased 15.6%.Bottom LineUnlike the overly optimistic Wall Street analysts whose rating systems tend to be weighted toward favorable recommendations, the Zacks rating system maintains an equal proportion of 'buy' and 'sell' ratings for its entire universe of more than 4000 stocks at any point in time. Irrespective of market conditions, only the top 5% of the Zacks-covered stocks get a 'Strong Buy' rating and the next 15% get a 'Buy' rating. So, the placement of a stock in the top 20% of the Zacks-covered stocks indicates its superior earnings estimate revision feature, making it a solid candidate for producing market-beating returns in the near term.You can learn more about the Zacks Rank here >>>The upgrade of American Airlines to a Zacks Rank #2 positions it in the top 20% of the Zacks-covered stocks in terms of estimate revisions, implying that the stock might move higher in the near term.Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free reportAmerican Airlines Group Inc. (AAL) : Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment Research

Zacks

American Airlines (AAL) Upgraded to Buy: Here's Why

https://finance.yahoo.com/news/american-airlines-aal-upgraded-buy-160004194.html

e8127d6d-d178-347a-8d03-5c228bab02a4

AAL

American Airlines CEO Robert Isom (left) speaking on stage at Skift Aviation Forum in Dallas, Texas, November 2022. SkiftHis tone was measured, but Judge Leo T. Sorokin made it clear he wasn’t buying the argument from American and JetBlue that their “Northeast Alliance” promoted competition and was good for flyers.Instead, in a 94-page ruling Friday afternoon, Sorokin laid out the history of the so-called NEA in which the two airlines share revenue and coordinate schedules and other practices in servicing New York and Boston. Sorokin said it harms consumers by effectively removing one competitor from the market.In short, Sorokin wrote: “Through the NEA, American and JetBlue cease to compete and, instead, operate as a single carrier in the northeast. That is the core of the relationship, and it is a naked assault on competition.”The U.S. Department of Justice sued to block the American Airlines-JetBlue Northeast Alliance in September 2021. On Friday, U.S. District Court Judge Sorokin said the partnership “substantially diminishes competition in the domestic market for air travel,” and ruled that the two airlines must unravel the partnership. An appeal is possible.Both American and JetBlue pushed back on the decision. American said, according to Reuters, “The court’s legal analysis is plainly incorrect and unprecedented for a joint venture.” It added that the alliance “has been a huge win for customers and anything but anticompetitive.” JetBlue said the “Northeast Alliance has been a huge win for customers” by extending the airline’s low fares “to more routes than would have been possible otherwise.”At a Skift event last November – before the the start of the trial – JetBlue President Joanna Geraghty defended the alliance to Edward Russell, Skift’s Transport editor and reporter: “If you look at the Northeast Alliance, Delta has doubled down in Boston. United has added a lot of capacity into Newark. And that’s all in response to what JetBlue and American are doing in the northeast. If that’s not a competitive response from legacy carriers that will drive competition and drive fares in a positive way, I don’t know what is.”Story continuesHere’s more background directly quoted from the court’s ruling:American and JetBlue are two of the four largest carriers operating in New York, and two of the largest three in Boston. Delta Air Lines is the only other carrier with a large presence in Boston.It is beyond dispute that, through June 2020, JetBlue vigorously and directly competed with American across all markets both carriers served.By 2020, JetBlue knew that Delta was mounting a challenge to its dominance in Boston.Around the same time, American was fretting about its operations in New York.In late 2019, the two carriers began discussing a possible lease, through which JetBlue would acquire temporary control over some of American’s slots at JFK… Talks between the carriers expanded to contemplate a broader domestic partnership focused on the northeast…The NEA was established and publicly announced on July 15, 2020….a relationship between American and JetBlue that includes codesharing, schedule coordination, revenue sharing, reciprocal loyalty benefits, and joint corporate customer benefits, all of which extend to most of the carriers’ flights to and from Logan, JFK, LaGuardia, and Newark (“the NEA airports”).[T]he record confirms what common sense suggests: in forming the NEA, American and JetBlue decided to stop competing and start cooperating with one another in the northeast.Airlines engaged in competition with one another would tactically respond to each other’s fares. They would consider launching new service to directly compete with a rival’s service on [origins and destinations]. They would not cede certain routes to a competitor. Within the NEA, American and JetBlue no longer adhere to these competitive practices with respect to one another. In that region, competition between them has effectively ceased.Though various executives claimed American and JetBlue continue to compete in some fashion within the northeast, there is no credible support for those claims. There is no evidence the defendants have engaged in meaningful competition with respect to fares, schedules, service, advertising, or anything else within the NEA region …It is abundantly clear to the Court that the defendants’ primary motivation in establishing the NEA was to strengthen their own competitive positions against Delta (and, to a lesser extent, United) in Boston and New York. Their own witnesses, business records, and submissions to the Court have repeatedly described this purpose.Essentially, American and JetBlue defend their partnership by broadly urging that “bigger is better,” and by claiming that they will be able to match or overtake (or, as they say, “compete with”) Delta only if they are permitted to stop competing with one another. That is not the kind of “competition” valued and protected by the Sherman Act.Watch: JetBlue President Joanna Geraghty at Skift Global Forum 2022Last fall, JetBlue’s President sat down with Airline Weekly Editor Ned Russell, when asked about the Northeast Alliance and the DOJ action, she told him “We’re confident that we will prevail.” Watch the video in full, below.Get breaking travel news and exclusive hotel, airline, and tourism research and insights at Skift.com.

Skift

The Undoing of American and JetBlue’s Northeast Alliance – in 11 Quotes

https://finance.yahoo.com/news/undoing-american-jetblue-northeast-alliance-063000840.html

8b3dd13e-3a3f-3a38-876c-101894dba320

AAL

Top airline stocks for the second quarter include Copa Holdings SA (CPA), Deutsche Lufthansa AG (DLAKY), and International Consolidated Airlines Group SA (BABWF). The share prices of all three have risen by more than 30% in the past year. Airline stocks, as represented by the U.S. Global Jets ETF (JETS) benchmark, have fallen 4% in the past 12 months, compared with a 3% gain for the S&P 500 Index.Continue reading

Investopedia

Top Airline Stocks for Q2 2023

https://finance.yahoo.com/m/d06c4f09-5914-374c-87b9-e995cc4f547d/top-airline-stocks-for-q2-2023.html

d06c4f09-5914-374c-87b9-e995cc4f547d

AAL

Partnership extends UATP's widely accepted and seamless payment options to Flocash travel agency customers.WASHINGTON, May 23, 2023 /PRNewswire/ -- Flocash, the leading provider of travel payments and distribution in the Middle East and Africa, has partnered with UATP, a premier global payment network. Flocash's partnership with UATP will enable the thousands of travel agencies within its ecosystem to utilize UATP payment options, creating synergies with airlines in the region already using Flocash and UATP for B2B payments and reducing the overall cost of payments for those airlines.UATP is a global payment solution owned and operated by the world's airlines and accepted by thousands of merchants for air, rail and travel agency payments. UATP connects airlines to Alternative Forms of Payment which can expand reach and generate incremental sales globally. UATP offers easy-to-use data tools, DataStream(SM) and DataMine(SM), which provide comprehensive account details to Issuers and Corporate Subscribers for accurate travel management. UATP is accepted as a form of payment for corporate business travel worldwide by airlines, travel agencies and Amtrak; UATP accounts are issued by: Aeromexico, APG Airlines, Air Canada, Air New Zealand, Air Niugini, American Airlines, Austrian Airlines, China Eastern Airlines, Delta Air Lines, EL AL Israel Airlines, Etihad Airways, Frontier Airlines, GOL Linhas aereas inteligentes S.A., Hahn Air; Japan Airlines, Malaysia Airlines, Qantas Airways, Shandong Airlines, Transavia Airlines, TUIfly GmbH, Turkish Airline, United Airlines, and WestJet. AirPlus International issues the UATP-based Company Account for: British Airways and Lufthansa German Airlines. (PRNewsFoto/Universal Air Travel Plan, Inc.)The expanded partnership with Flocash represents the next step in UATP's continued global growth, specifically in the MEA region.For Flocash, which already works with UATP to process payments on behalf of several airline merchants in Africa, enabling many of its travel agency customers to use the UATP Network is a natural extension of its payment services and will create efficiencies that can directly and positively impact their profitability."Flocash is one of the most reliable payment services providers in the Middle East and Africa, and expanding our partnership with them was a key part of our regional growth strategy," said UATP's SVP Commercial Zach Ornelas. Partnering with Flocash allows travel agencies in their ecosystem to provide UATP accounts for payment and helps them reduce complexity while creating a more stable payment environment for the airlines and companies that work with them - and to better serve their customers."Flocash has been authorized to issue UATP accounts – including the UATP corporate charge card – to corporations and other businesses that meet their portfolio requirements. Those entities can use their UATP Accounts for payments to airlines, travel agencies and rail networks worldwide. Flocash will enjoy lower transaction and distribution costs, reduced fraud rates and access to industry-leading financial data.Story continues"By partnering with UATP, we give our travel agents a globally recognized, universally accepted form of payment, and create a linkage between our airline partners and the agencies selling their inventory," says Flocash Managing Director, Sirak Mussie. "We expect to uncover efficiencies and compound advantages across our ecosystem beyond transaction cost reduction, which is very important."Flocash is recognized as a cost-effective, one-stop payment solution for global and cross-border businesses in the new media, travel, payments and ecommerce industries seeking to reach markets in the Middle East and Africa. The company currently supports the most extensive collection of local payment options in the MEA region, including 200+ payment options, 5,000+ bank branches, 20,000+ cash points and 30+ currencies.For more information about the UATP and Flocash partnership or to speak with company executives, please contact Wendy Ward, UATP CMO, at wward@uatp.com.ABOUT UATPUATP is a global payment solution owned and operated by the world's airlines and accepted by thousands of merchants for air, rail and travel agency payments. UATP connects airlines to Alternative Forms of Payment which can expand reach and generate incremental sales globally. UATP offers easy-to-use data tools, DataStream® and DataMine® which provide comprehensive account details to Issuers and Corporate Account Holders for accurate travel management.Accepted as a form of payment for corporate business travel worldwide by airlines, travel agencies and Amtrak®; UATP accounts are issued by: Aeromexico; Air Canada (TSE: AC); Air China; Air New Zealand (ANZFF.PK); Air Niugini; American Airlines (NASDAQ: AAL); APG Airlines; Austrian Airlines; Avianca Airlines; BCD Travel; China Eastern Airlines (NYSE: CEA); Delta Air Lines (NYSE: DAL); EL AL Israel Airlines; Etihad Airways; Fareportal; Frontier Airlines; GOL Linhas aereas inteligentes S.A. (NYSE: GOL and Bovespa: GOLL4); Hahn Air; High Point Travel; Japan Airlines (9201:JP); JetBlue Airways; LATAM Airlines; Link Airways; Qantas Airways (QUBSF.PK); Shandong Airlines; Sichuan Airlines; Southwest Airlines; Sun Country Airlines; TUIfly GmbH; Turkish Airlines (ISE: THYAO); United Airlines (NASDQAQ: UAL) and WestJet. AirPlus International issues the UATP-based Company Account for Lufthansa German Airlines.About FlocashFlocash, www.flocash.com, is a leading provider of payment technology and distribution services to consumers, businesses, and financial institutions. We operate one of the largest networks of alternative payment channels for the travel industry. Our solutions are disrupting the travel sector by digitizing and automating the delivery and distribution of travel content to empower travel retailers and suppliers across 60 countries in the Middle East & Africa.Follow us on Twitter @Flocash, join the discussion on LinkedIn Travel Payments.Flocash Communications ContactBereket Getachew: bereket@flocash.com, +44 20 3287 6539CisionView original content to download multimedia:https://www.prnewswire.com/news-releases/flocash-joins-uatp-payment-network-expanding-payment-options-to-travel-agencies-in-the-mea-region-301827355.htmlSOURCE Universal Air Travel Plan, Inc. (UATP)

PR Newswire

Flocash Joins UATP Payment Network, Expanding Payment Options to Travel Agencies in the MEA Region

https://finance.yahoo.com/news/flocash-joins-uatp-payment-network-120000043.html

a972663a-48c5-328c-b9ce-a1c77945dee9

AAL

United Airlines (UAL) CEO Scott Kirby is putting a lot of capital to work for shareholders in new Boeing 737 Max airplanes, upgraded airport experiences, and added first-class seating.The last thing Kirby wants to see is America default on its debt in June after another contentious debt ceiling debate. That dire outcome would potentially lead to a US recession that harms returns on these key investments by United Airlines."The economy is balanced on a knife's edge," Kirby said on Yahoo Finance Live (video above). "When the Silicon Valley banking scare started, we saw a 15% overnight drop in business bookings, and that tells you the economy is very fragile.""That's what I am worried about with the debt ceiling," he added. "We don't need an unforced error in the economy — and this would just be an unforced error."A United Airlines jetliner taxis to a runway for take-off from Denver International Airport, Dec. 27, 2022. (AP Photo/David Zalubowski, File)Kirby says demand continues to be strong ahead of the busy Memorial Day travel weekend. But maintaining that momentum will be tough if the US is thrust into a self-created debt ceiling recession."If the debt ceiling crisis turns into a bigger crisis is where we are really impacted," Kirby added. "We just shouldn't take the risk — it's a silly, silly risk to think about letting that first domino fall."Kirby is hopeful politicians will come to a resolution in a timely manner.However, the contentious situation in D.C. isn't stopping United Airlines from making the major investments it views as necessary to beat the competition such as Jetblue (JBLU), Delta (DAL), and American Airlines (AAL).A woman walks to her car at an empty passenger drop off area at Denver International Airport as the coronavirus pandemic slows air travel on April 22, 2020 in Denver, Colorado. (Photo by Michael Ciaglo/Getty Images)United said Tuesday it will add 35 flights, six new routes, a dozen gates, and three clubs to Denver International Airport as part of a $1 billion investment plan. This summer, United will also double the total number of early morning departures and late evening arrivals in and out of Denver.The airline said it will offer more capacity from Denver than ever before, with over 60,000 departing seats per day.Story continues"It's just a great, growing city," Kirby said on the thinking behind the Denver investment.Brian Sozzi is Yahoo Finance's Executive Editor. Follow Sozzi on Twitter @BrianSozzi and on LinkedIn. Tips on the banking crisis? Email brian.sozzi@yahoofinance.comClick here for the latest stock market news and in-depth analysis, including events that move stocksRead the latest financial and business news from Yahoo Finance

Yahoo Finance

United CEO on debt ceiling, new $1 billion Denver investment

https://finance.yahoo.com/news/united-ceo-on-debt-ceiling-new-1-billion-denver-investment-154101665.html

3510035c-147f-47f8-99b5-90b353082227

AAL

(Reuters) - American Airlines Group Inc's Chief Financial Officer Devon May said on Thursday the court ruling on the Northeast Alliance with JetBlue Airways Corp will not have any impact on the carrier's earnings.American Airlines and JetBlue announced the creation of the Northeast Alliance (NEA) in July 2020 to coordinate flights and pool revenue while competing against Delta Air Lines and United Airlines, that dominate the New York-area and Boston markets.Last week, a federal judge ruled for both carriers to end the alliance saying the partnership "substantially diminishes competition in the domestic market for air travel"."It's a big deal for our New York strategy. It is not something that's meaningful to our earnings," May said on Thursday at the Wolfe transportation and industrials conference, adding that he doesn't expect the NEA ruling to have any impact on the carrier's macro capacity.(Reporting by Aishwarya Nair in Bengaluru; Editing by Shounak Dasgupta)

Reuters

American Airlines flags no earnings impact from NEA ruling

https://finance.yahoo.com/news/american-airlines-flags-no-earnings-154626258.html

c1bbffa1-e786-3ad8-8443-1e2f5a65315c

AAL

In the past week, Ryanair Holdings RYAAY reported a narrower-than-expected loss for the fourth quarter of fiscal 2023. Revenues also beat the consensus mark and increased year over year, owing to upbeat traffic volumes.American Airlines AAL was also in the news, courtesy of its agreement in principle with its pilot union, Allied Pilots Association. Meanwhile, AAL’s Northeast Alliance with JetBlue Airways JBLU ran into rough weather following a court ruling to end the partnership. Delta Air Lines DAL also grabbed headlines courtesy of its decision to appoint a new chief operating officer.Recap of the Past Week’s Most Important Stories1. Ryanair reported fourth-quarter fiscal 2023 (ended Mar 31, 2023) loss of 73 cents per share (excluding a penny from non-recurring items), narrower than the Zacks Consensus Estimate of a loss of 99 cents. In the year-ago reported quarter, RYAAY had incurred a loss of 98 cents per share. Revenues of $1,981.5 million beat the Zacks Consensus Estimate of $1,908.7 million. Revenues improved year over year, driven by upbeat passenger volumes.On the back of the buoyant traffic scenario, RYAAY’s profit after tax was €1.42 billion in fourth-quarter fiscal 2023 against a net loss of €355 million incurred a year ago. Ryanair expects traffic for fiscal 2024 to be 185 million.Currently, Ryanair carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.2. The Allied Pilots Association, which represents 15,000 plus pilots at AAL, reached an agreement in principle with the company. If the collective bargaining agreement materializes, American Airlines pilots would be eligible for a 21% pay raise this year. Further details will be available shortly.3. American Airlines and JetBlue received a major setback when a federal judge ordered the companies to terminate their alliance in the Northeast as it was anti-competitive. The verdict is in line with the Justice Department’s opinion. The Justice Department’s antitrust suit, filed more than a year ago, accused the alliance of stifling competition. The judge ordered the companies to end the alliance within 30 days of the ruling. Both carriers are likely to challenge the decision. In fact, AAL’s management said that the ruling will not impact its earnings performance.Story continues4. Delta announced that it will get a new chief operating officer from Jun 12. This Atlanta-based carrier appointed Mike Spanos for the new role. Spanos has more than two decades of work experience and has been associated with many big companies. Most recently, he was with Six Flags Entertainment SIX as its president and CEO.PerformanceThe following table shows the price movement of the major airline players over the past week and during the last six months.Zacks Investment ResearchImage Source: Zacks Investment ResearchThe table above shows that stocks exhibited a mixed trend with respect to price over the past week. However, the gains were muted in nature. As a result, the NYSE ARCA Airline Index gained marginally over the past week. Over the course of past six months, the NYSE ARCA Airline Index has appreciated 3.9%.What’s Next in the Airline Space?Investors will be looking forward to further updates on the alliance between American Airlines and JetBlue.Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free reportRyanair Holdings PLC (RYAAY) : Free Stock Analysis ReportDelta Air Lines, Inc. (DAL) : Free Stock Analysis ReportJetBlue Airways Corporation (JBLU) : Free Stock Analysis ReportAmerican Airlines Group Inc. (AAL) : Free Stock Analysis ReportSix Flags Entertainment Corporation New (SIX) : Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment Research

Zacks

Airline Stock Roundup: RYAAY's Q4 Loss, AAL's Labor Deal & More

https://finance.yahoo.com/news/airline-stock-roundup-ryaays-q4-134500453.html

1d2b4b49-e4b7-3b73-8565-aabd81e0847d

AAL

American Airlines (AAL) closed the most recent trading day at $14.35, moving -0.21% from the previous trading session. This change lagged the S&P 500's 1.31% gain on the day. Elsewhere, the Dow gained 1%, while the tech-heavy Nasdaq lost 4.19%.Prior to today's trading, shares of the world's largest airline had gained 11.65% over the past month. This has outpaced the Transportation sector's loss of 0.39% and the S&P 500's gain of 2.12% in that time.Investors will be hoping for strength from American Airlines as it approaches its next earnings release. In that report, analysts expect American Airlines to post earnings of $1.29 per share. This would mark year-over-year growth of 69.74%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $13.65 billion, up 1.7% from the year-ago period.AAL's full-year Zacks Consensus Estimates are calling for earnings of $2.64 per share and revenue of $52.86 billion. These results would represent year-over-year changes of +428% and +7.94%, respectively.Investors might also notice recent changes to analyst estimates for American Airlines. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.Our research shows that these estimate changes are directly correlated with near-term stock prices. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 0.64% higher. American Airlines is currently a Zacks Rank #3 (Hold).Digging into valuation, American Airlines currently has a Forward P/E ratio of 5.46. Its industry sports an average Forward P/E of 8.72, so we one might conclude that American Airlines is trading at a discount comparatively.Story continuesThe Transportation - Airline industry is part of the Transportation sector. This industry currently has a Zacks Industry Rank of 57, which puts it in the top 23% of all 250+ industries.The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free reportAmerican Airlines Group Inc. (AAL) : Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment Research

Zacks

American Airlines (AAL) Stock Sinks As Market Gains: What You Should Know

https://finance.yahoo.com/news/american-airlines-aal-stock-sinks-214508364.html

0edba114-63c1-3880-bab8-fa21f99ac4b6

AAL

The unwinding of JetBlue's alliance with American Airlines significantly increases the likelihood that JetBlue will be permitted to buy Spirit Airlines.Continue reading

Motley Fool

This Airline Just Got Magnificent News. Investors Didn't Notice.

https://finance.yahoo.com/m/1c2ff989-b4b4-3d88-a8b4-394bbf9ef67b/this-airline-just-got.html

1c2ff989-b4b4-3d88-a8b4-394bbf9ef67b

AAL

Airports had more passengers over the Memorial Day holiday weekend than before the COVID-19 pandemic.Continue reading

Investopedia

Memorial Day Holiday Weekend Air Travel Exceeds Pre-Pandemic Level

https://finance.yahoo.com/m/f39e8e62-8502-343f-bf6b-e9c07586d5d7/memorial-day-holiday-weekend.html

f39e8e62-8502-343f-bf6b-e9c07586d5d7

AAL

Shares of American Airlines trend higher after the airline raises its forecast due to strong travel demand.Video Transcript- Everyone, switching gears here. American Airlines showing some strength today, the company raising its expectations for adjusted earnings per share for the quarter to $1.45 to $1.65. That's the range. That is up from the previous range of $1.20 to $1.40. They're saying that this is going to be the busiest summer for air travel since-- checks watch-- prepandemic.American's stock popping on this news. It's up by about 1.7% here as we're keeping a close tab on shares of AAL. Also perhaps worth keeping tabs on some of the other airlines that could be moving in concert. I'm thinking about DAL as well on the day as they've already signaled where that strong demand is. We've heard that from Ed Bastian who talked about this in their most recent earnings as well.And a lot of the theme that you're sensing from many of the travel names, whether it's our conversations with Delta CEO Ed Bastian or whether it's with United Airlines CEO and even Airbnb CEO, Brian Chesky, it's that the travel and services within the experience economy are still continuing to do strong as consumers are prioritizing that purchase here as much of that pent-up demand continues to permeate, even into years after when it was set to come back and forth for us as people were just looking to get out of the house.We're now multiple years removed from that, and people are still spending on those experiences.- Yes, they are. Let's put some numbers around this. If you look at the TSA numbers over the Memorial Day weekend-- the four days of Memorial Day weekend-- 9.8 million passengers, almost, through those airport screening checkpoints. That is 300,000 higher, not only than last year, not only in the year before that, not only than during the pandemic, than 2019. 300,000 more than 2019.So obviously, you're seeing this uptick since then. So there's the demand. That's just to put a little color around that. Then you have the fuel part of this, which is important for American Airlines. The company now says in the second quarter-- in its fiscal second quarter-- it's going to pay in a range $0.10 less per gallon for its average fuel.Story continuesSo fuel prices are going down. Demand is robust. That's a good equation for them.- Yeah, it's a trend that's locked in right now. Q1, you actually saw-- that was the first quarter, first full quarter since prepandemic that we had actually beat those prepandemic numbers for the entirety and actually came in at 102% of a prepandemic marker there. And so that-- considerable in the first quarter, and seeing that over the entirety of that three-month stretch.And so it seems with that trend locked in, American Airlines, United Airlines, even Delta as well, a lot of the airlines right now are signaling that this is something that they can continue to ride the tailwinds of, if you will. I know I was in those numbers as well over the weekend.

Yahoo Finance Video

American Airlines raises Q2 profit guidance on summer travel demand

https://finance.yahoo.com/video/american-airlines-raises-q2-profit-140203979.html

4c91c7b2-e8f5-3088-9c66-03b35f663612

AAL

American Airlines (AAL) expects to post a higher second-quarter profit than initially expected, given strong travel demand and lower jet fuel costs.The airline said it now expected adjusted earnings per share to come in between $1.45 and $1.65, versus its prior estimate of $1.20 to $1.40.Revenue per available seat mile, a closely watched industry metric, is expected to be down approximately 1% to 3%, better than the prior guidance of a decrease of 2% to 4%.“This improvement in unit revenue versus prior guidance is driven by continued strength in the demand environment,” said the company in an 8-K filing.Travel demand is expected to stay hot throughout the summer.“We’re seeing a ton of demand," Expedia Group (EXPE) CEO Peter Kern told Yahoo Finance Live in May. "More people want to travel generally. It’s not just revenge travel anymore," he added.The airline said it expects to pay about $2.55 - $2.65 per gallon of fuel, versus previous expectations of around $2.65 to $2.75.Jet fuel costs are on a downward trend, with prices about 40% lower compared to last year.Oil prices has been declining amid recession concerns and speculation that the Organization of Petroleum Exporting Countries may hold off on a production cut when it meets in June."OPEC has to play a very sensitive game here," Stephen Schork, founder and editor of The Schork Report told Yahoo Finance Live on Tuesday."They certainly want prices higher I would say close to the $80-85 a barrel on the global market. But they certainly don’t want prices much higher than that, because then that increases the chance of economic contraction."American Airline shares rose 1% on Wednesday. Year-to-date the stock is up 15%.Ines is a senior business reporter for Yahoo Finance. Follow her on Twitter at @ines_ferreClick here for the latest stock market news and in-depth analysis, including events that move stocksRead the latest financial and business news from Yahoo Finance

Yahoo Finance

American Airlines raises profit outlook amid strong demand, cheaper fuel

https://finance.yahoo.com/news/american-airlines-raises-profit-outlook-amid-strong-demand-cheaper-fuel-170509078.html

025a2514-f31a-49da-8d1d-bc6191c4f979

AAL

(Adds JetBlue's no comments in paragraph 4, details of alliance in paragraph 7, more CEO comments in paragraphs 8-10)By Rajesh Kumar Singh, David Shepardson and Diane BartzMay 31 (Reuters) - American Airlines Group will appeal a U.S. court decision requiring it to end an alliance with JetBlue Airways Corp, American CEO Robert Isom said on Wednesday.U.S. District Judge Leo Sorokin in Boston ruled on May 19 that the airlines' "Northeast Alliance" broke antitrust law and ordered the companies to dissolve the arrangement within 30 days."We've got a legal system that allows for appeal, and we're going to do that," Isom told the Bernstein Conference.JetBlue declined to comment.The U.S. Justice Department sued in 2021 to undo the alliance announced the previous year. It called it a "de facto merger" of American and JetBlue operations in Boston and New York that removed incentives to compete and would end up costing consumers an additional $700 million a year to fly out of the region's busy airports."These two powerful carriers act as one entity in the northeast, allocating markets between them and replacing full-throated competition with broad cooperation," Sorokin wrote in his ruling, a rare court victory for President Joe Biden's administration and its hard line against corporate consolidation.American is the largest U.S. airline by fleet size and low-cost carrier JetBlue is the sixth largest. The airlines use the alliance to coordinate flights and pool revenue.Even as the Texas-based carrier prepares to appeal the ruling, Isom said it will have to work with the Justice Department and JetBlue to figure out what it does in the interim.American, which reiterated its full-year profit forecast Wednesday, doesn't expect the court ruling to have a material impact on its earnings.Isom said flights out of New York accounts for less than 5% of American's schedule. (Reporting by Rajesh Kumar Singh in Chicago and David Shepardson and Diane Bartz in Washington; Editing by Deepa Babington and Lisa Shumaker)

Reuters

UPDATE 2-American Airlines to appeal JetBlue alliance court ruling

https://finance.yahoo.com/news/1-american-airlines-appeal-jetblue-212102511.html

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American Airlines AAL announced on May 31, 2023, that it has raised its second-quarter profit forecast. This increase is attributed to lower jet fuel costs and strong travel demand. Despite concerns about a potential recession, travel during the Memorial Day weekend exceeded pre-COVID levels for the first time, indicating sustained resilience in the industry.Take a Detailed Look Into the American Airlines’ ForecastAs per an article on CNBC, American Airlines provided an updated estimate on Wednesday, stating that their adjusted per-share earnings for the quarter are projected to range between $1.45 and $1.65. This represents an increase from their previous forecast of $1.20 to $1.40 per share.Additionally, the airline anticipates unit revenues for the three-month period ending Jun 30 to be 1% to 3% lower compared to the same period last year, which is a better outcome than their earlier projection of a potential 4% decline.The airline company anticipates that the average fuel price per gallon, inclusive of taxes, will range from approximately $2.55 to $2.65 for the second quarter. This represents a decrease from their earlier estimate of around $2.65 to $2.75.We may take cues from American Airlines’ forecast. And it may so happen that other airlines may also follow suit in the coming days to realize the tailwind from falling energy prices.Encouraging Consumer NumbersMemorial Day air travel demonstrated resilience in consumer spending on trips, surpassing pre-Covid levels despite ongoing inflation concerns. Per CNBC, the Transportation Security Administration reported screening 9.79 million individuals from Friday to Monday, a slight increase compared to the 2019 holiday weekend. Setting a post-pandemic record, over 2.7 million people were screened on Friday alone.Airlines for America research indicates that U.S. airlines are projected to transport a record-breaking 257 million passengers from Jun 1 to Aug 31, 2023, showcasing an unprecedented level of air traffic, as stated in AviationSource News.Story continuesAgainst this backdrop, below, we highlight the pure-play airlines ETF, U.S. Global Jets ETF JETS.ETF in FocusU.S. Global Jets ETF seeks to closely track the performance of the U.S. Global Jets Index, providing exposure to airline companies across the globe with an emphasis on domestic passenger airlines. It has a basket of 48 securities.JETS has exposure to the United States with 72.83% of the shares, followed by Canada (6.43%) and Japan (2.81%). JETS has gathered an asset base of $1.69 billion and charges an annual fee of 0.60%. The top holdings of the fund include companies like Delta Air Lines DAL with 11.06%, American Airlines with 10.88%, Southwest Airlines LUV with 10.891% and United Airlines UAL with 10.7%.The fund has a Zacks ETF Rank #3 (Hold) with a High risk outlook. It has generated 7.03% year to date but over the past year, the fund has lost 10.74%.Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free reportDelta Air Lines, Inc. (DAL) : Free Stock Analysis ReportUnited Airlines Holdings Inc (UAL) : Free Stock Analysis ReportSouthwest Airlines Co. (LUV) : Free Stock Analysis ReportAmerican Airlines Group Inc. (AAL) : Free Stock Analysis ReportU.S. Global Jets ETF (JETS): ETF Research ReportsTo read this article on Zacks.com click here.Zacks Investment Research

Zacks

JETS ETF to Gain on Lower Energy Costs, Consumer Resilience

https://finance.yahoo.com/news/jets-etf-gain-lower-energy-181200040.html

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By Rajesh Kumar SinghCHICAGO (Reuters) - American Airlines' plan to grow revenue by relying more heavily on alliance partners to ferry passengers in uncompetitive markets while bulking up flights to U.S. Sunbelt states has been called into question by a U.S. court ruling blocking a key tie-up.A U.S. federal judge last month ordered the company to end its alliance with JetBlue Airways Corp, saying the partnership "substantially" diminished competition in the domestic market.The alliance allows the carriers to coordinate flights and pool revenue. It also is a big piece of American's strategy to compete in the New York market, where it was losing money.Since the partnership started, American has ceded domestic capacity out of New York to JetBlue. It has allowed American to move away from unprofitable routes while maintaining a presence in New York. The alliance also enables the airline to feed traffic to its global partners who fly into the region.If the alliance is dissolved, it will likely be forced to rebuild its capacity or cut international flights out of the region.When asked about options Wednesday at an investor conference, CEO Robert Isom declined to share details, saying "there's a lot to be worked out."The company has called the ruling "wrongly decided" and plans to appeal, but its executives don't see a material impact to the company's earnings as the court's order is not expected to have ramifications beyond New York.American has not specified the JetBlue alliance's contribution to its earnings. But in its ruling, the court said JetBlue owed American a transfer payment upwards of $200 million at the end of 2021 as part of the deal's revenue-sharing agreement.Before the JetBlue court ruling, Chief Commercial Officer Vasu Raja, who is steering American's strategy shift, told Reuters that the company is focused on markets where it can create "outsized value" for customers and will rely on partner airlines where it can't.Story continuesAmerican has been leaning on JetBlue in the Northeast region and Alaska Airlines on the West Coast. In long-haul international markets, American has been relying on partners like Qatar Airways.These alliances allow American to sell tickets on its partner flights and generate revenue at a fraction of the cost of operating flights itself.It is also seeking to gain market share in Sunbelt states such as Texas, Florida, Tennessee, Arizona and North Carolina, where population and commerce are growing.Passenger traffic to the Sunbelt states rebounded at the fastest clip after the pandemic. Bookings for trips to the region continue to outpace those for overall domestic travel, led by demand for flights to Dallas, Houston, Austin, Charlotte and Phoenix, data from Airlines Reporting Corporation shows."We're putting the flights where the demand is," said Raja. "The other thing that makes us different versus our competitors is the degree to which we are leveraging our partners."The company has yet to spell out a plan in case it is forced to unwind the JetBlue alliance. It did not make Raja available for a follow-up interview.DOOMED ALLIANCE?James Speta, a Northwestern University law professor, said American's alliance with JetBlue in its current structure is "more likely than not" doomed. But with "significant" changes, it can try to address antitrust concerns by making it look more like its partnership with Alaska."My speculation would be that JetBlue and American would very much consider revising the Northeast Alliance," said Speta.American's current playbook is a shift from pre-pandemic, when Raja said the airline tried to be "all things to all people" and operated in markets where it didn't have a lot of strength.With a restructured network, American has said it wants to generate revenue in excess of its market share.It also expects short-haul markets to provide greater visibility on travel demand, allowing it to adjust faster to consumer behavior changes.Its bet on consumer markets makes sense because corporate travel has been slow to recover, said Tim Ghriskey, senior portfolio manager at Ingalls & Snyder.American has said the long-haul business is the most volatile and capital-intensive part of airline business. But it expects short-haul markets to provide a steady revenue stream.Last year, company revenue surpassed pre-pandemic level even as capacity remained below, leading to its first full-year profit in three years. Analysts surveyed by Refinitiv expect a more than five-fold increase in 2023 profit."It is a smart strategy," Ghriskey said. He doesn't expect the court ruling to result in any immediate change in the company's overall network strategy.(Reporting by Rajesh Kumar Singh, editing by Ben Klayman and Anna Driver)

Reuters

American Airlines' reliance on partners faces test after court ruling

https://finance.yahoo.com/news/american-airlines-reliance-partners-faces-183830293.html

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April’s hot performance comes after the Valley's major airport set its all-time monthly passenger record in March with more than 4.6 million total travelers.Continue reading

American City Business Journals

Low-cost carriers drive growth in Phoenix Sky Harbor passenger traffic

https://finance.yahoo.com/m/ab73c60a-0666-397a-9d03-82543e6f30b1/low-cost-carriers-drive.html

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American Airlines (AAL) closed the most recent trading day at $14.70, moving -0.54% from the previous trading session. This change lagged the S&P 500's daily gain of 0.99%.Heading into today, shares of the world's largest airline had gained 7.18% over the past month, outpacing the Transportation sector's loss of 2.37% and the S&P 500's gain of 0.42% in that time.Investors will be hoping for strength from American Airlines as it approaches its next earnings release. On that day, American Airlines is projected to report earnings of $1.29 per share, which would represent year-over-year growth of 69.74%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $13.65 billion, up 1.7% from the year-ago period.Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $2.64 per share and revenue of $52.86 billion. These totals would mark changes of +428% and +7.94%, respectively, from last year.Any recent changes to analyst estimates for American Airlines should also be noted by investors. These revisions help to show the ever-changing nature of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.Based on our research, we believe these estimate revisions are directly related to near-team stock moves. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 4.27% lower. American Airlines is currently sporting a Zacks Rank of #3 (Hold).In terms of valuation, American Airlines is currently trading at a Forward P/E ratio of 5.61. This represents a discount compared to its industry's average Forward P/E of 10.07.Story continuesThe Transportation - Airline industry is part of the Transportation sector. This industry currently has a Zacks Industry Rank of 55, which puts it in the top 22% of all 250+ industries.The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.You can find more information on all of these metrics, and much more, on Zacks.com.Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free reportAmerican Airlines Group Inc. (AAL) : Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment Research

Zacks

American Airlines (AAL) Stock Sinks As Market Gains: What You Should Know

https://finance.yahoo.com/news/american-airlines-aal-stock-sinks-214520107.html

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(Reuters) - American Airlines Group's pilot leaders have rejected efforts to join the Air Line Pilots Association (ALPA), union spokesman for the U.S. carrier's aviators, Dennis Tajer, said on Friday.Support from the Allied Pilots Association (APA) board fell short of the two-thirds needed to start merger talks with fast-growing ALPA, the world's largest pilots' union, which recently joined forces with aviators at Air Canada.Pilots at North American carriers are making workplace gains in new contracts as travel rebounds from the pandemic.Allied, which reached a tentative deal last month that boosts pay by 21% in 2023, agreed in November to create a merger committee to look at joining forces with fast-growing ALPA.The group AA Pilots for ALPA, which supported a merger, said in a statement they were disappointed by the APA board of directors' decision which was made on Thursday afternoon.(Reporting by Allison Lampert in Montreal; Editing by Matthew Lewis)

Reuters

American Airlines aviators reject merger with world's largest pilots' union

https://finance.yahoo.com/news/american-airlines-aviators-reject-merger-153727229.html

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American Airlines is betting against the traditional business of business travel. More than three years after the pandemic began, business travelers are taking some meetings at home and mixing work and leisure travel in new ways. Once some of airlines’ most profitable customers, the typical road warrior “just went away,” said Vasu Raja, American’s chief commercial officer.Continue reading

The Wall Street Journal

American Airlines’ Radical Plan to Reinvent Business Travel

https://finance.yahoo.com/m/18ce3af5-ab61-366d-9834-dcb72a8a7d58/american-airlines%E2%80%99-radical.html

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Alphabet and Jefferies are two stocks to buy and American Airlines and Lucid Group shares are stocks to avoid, according to Christian Ledoux, Director of Investments at CAPTRUST. He tells Yahoo Finance Live's Seana Smith and Akiko Fujita why.Video TranscriptAKIKO FUJITA: Welcome back to Yahoo Finance Live. Major indices red across the board right now, with the Dow seeing the biggest losses with 45 minutes left in the trading day. Down about 156 points. Well, CAPTRUST's Christian Ledoux is back with us to share some stock picks he says are worth eyeing as well some that he's trying to avoid.So Christian, before the break, we were talking about the huge gains that we've seen in tech, AI being a big driver. Let's start with the pick that you like, Alphabet. Because they got to a bit of a rocky start when it comes to their AI play. What do you like there?CHRISTIAN LEDOUX: Well, two parts, really. The first part being the main business being the advertising model is starting to show signs of recovery. We had about 12 months in the last 12 months of declines in ad growth. And it seems to have stabilized now and is looking promising in the next 12 months.The other part of it is AI, like you mentioned. And Microsoft made quite a splash with their ChatGPT. And many were suggesting that Google was being left behind. But if you look at Google's most recent developer conference, not as exciting as the Apple conference today, but it was really great to see some of the AI programs that they had in works.And really, they're going to be more the developer tools that are going to be assisting the engineers with AI. And that's where they're really going to make the money. And it's not going to be about the chat bots as much.SEANA SMITH: Christian, when you take a look and to account so many of the thoughts out there just on the street, you mentioned how Google has stacked up to Microsoft in their AI initiatives. Do you think then maybe Google is closer to Microsoft with its AI play than many are giving it credit for today?Story continuesCHRISTIAN LEDOUX: Oh, I'd wager that Google is actually ahead in the technology. They've been doing this for decades. So I would imagine they actually have a technological lead. Now it's about packaging and getting products to market, when they didn't anticipate that they would have to get to market so quickly. Microsoft kind of forced their hand. And now that it's out there, I think Google is going to see a nice runway here.AKIKO FUJITA: Let's talk about another name that you're liking right now, and that is Jefferies Group. Interesting to note here, this, you also tie to an AI play that you think this could generate a lot of capital markets activity, specifically benefiting somebody like Jefferies. Walk me through your case.CHRISTIAN LEDOUX: Yeah. Well, first about Jeffrey. So Jeffrey's is sort of an unloved investment bank. They're living in the shadow of Goldman and Morgan Stanley and Bank of America. But they've come up from the ranks, and they're now the number five in the US and growing faster than all of their leading peers.But what's really exciting is that when we have a new technology come out like AI is coming out now, what's going to happen real quickly is the venture capitalists are going to sense opportunity for investors in the public markets to want to buy into the trend. And that means they're going to bring a bunch of companies public. And it's going to be companies like Jefferies that benefit from that.SEANA SMITH: On the flip side, Chris, you have a couple of stocks that you're saying that people should avoid right now. One of those names, American Airlines. And it comes at a time when people it seems like are willing to pay whatever they can to get out there and travel. The demand numbers have looked very, very strong. What's the risk that you see?CHRISTIAN LEDOUX: Well, the strength of travel demand, we've all seen it. We've been to the airports, so we've seen everybody full. And that really actually is the beginning of the negative case on this. It's about as good as it's going to get. We've got about as much capacity utilization in the airline industry as we can handle. We've seen the shortages of staff. And companies like American have had to make deals with their unions to lock in higher costs for those elements of their business.And then on top of that is the debt that came from the pandemic period. And that debt is a pretty big burden, especially for American. They have the biggest debt load in the industry. And there's some significant maturities coming in '25 and '26 that they're going to have to refinance at likely higher rates. And at the same time, they're probably going to see a downturn in their main business. So that's going to be a struggle for them.AKIKO FUJITA: So the debt's certainly a concern for American. But is it about the debt more than the industry as a whole? Because to your point, you say it's only as good as it gets. But travel really has reached a peak. You see people shelling out a lot of money, you've seen international travel come back. Hopefully, business travel comes back. I mean, isn't there more upside? And would you be willing to put your money behind some of these other competitors of American?CHRISTIAN LEDOUX: I would not. I believe that the industry is going to have a hard time adding capacity in an economic way. What I mean by that is, the ability to buy new airplanes, get new gates, get new routes, staff those routes at a time when ticket prices are already starting to soften a little bit. So I would anticipate that we are truly seeing about as good as it gets. And by this time next year, we're going to be seeing negative year-over-year growth rates in almost all the metrics.SEANA SMITH: Chris, the other name that you have that you're telling people to avoid right now is Lucid. Certainly run into its own set of challenges here over the last several months. Selling off just recently last week. Why do you see more downside ahead for Lucid, given the fact that the EV market is certainly starting to heat up?CHRISTIAN LEDOUX: Yeah. And it is hard to say negative things about a company that has such a fantastic product. If you've seen their car, it's quite exciting. But what's the problem is that these companies are really having a hard time manufacturing profitably. It took Tesla over a decade from the first production unit came off the line to break into free cash flow profitability.And the fact that Lucid and it and its peers-- I would say Lucid is in the same situation as all the other EV pure plays-- they are burning cash at a very rapid rate. You saw a couple of weeks ago that they raised additional capital. But that capital at the current burn rate is only going to last for about nine months. They have a little bit more cash in that on their balance sheet, but that's really only going to take them in the 12 to 24-month range of operations.So they're not likely going to get through the burn for the next few years that people are hoping that they do. And they're going to have to raise additional money in a best case scenario, which will dilute investors. Or they're going to be facing a bankruptcy, which some of their peers are already facing.AKIKO FUJITA: All right. Christian Ledoux, it's good to talk to you today. Appreciate you sticking around.

Yahoo Finance Video

Buy Alphabet & Jefferies, avoid American Airlines & Lucid: Strategist

https://finance.yahoo.com/video/buy-alphabet-jefferies-avoid-american-194241317.html

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In this article, we discuss 10 undervalued S&P 500 stocks billionaires are loading up on. You can skip our detailed analysis of value stocks and their performance, and go directly to read 5 Undervalued S&P 500 Stocks Billionaires Are Loading Up On. The value investing approach, popularized by Benjamin Graham and practiced by billionaire Warren Buffett, has attracted the attention of numerous other successful money managers, especially since growth stocks started taking a beating in 2022. Globally, value stocks declined by over 7% last year, compared to a 28.6% drop in growth equities. In the US, the outperformance of value stocks was the highest since the dot-com crash in 2000. In our article titled 12 Cheap Dividend Stocks With High Yields, we reported an analysis from Dimensional Funds, highlighting that value stocks outperformed their growth counterparts by 4.1% annually in the US from 1927 to 2021.Also read: 16 Most Profitable Value Stocks NowGoldman Sachs reported that value stocks dominated growth equities between 1970 and 2007 on a cumulative basis. On the other hand, growth outperformed from mid-2007 until 2020, when the pandemic hit the market, giving way to value stocks all over again. The report pointed out that the success of either of these strategies is characterized by economic growth. Value stocks tend to outperform when inflation is high, whereas growth equities dominate during low inflationary periods.Analysts have a positive outlook on value investing for the near future, even though growth stocks are outperforming so far in 2023. John D. Linehan, portfolio manager at T. Rowe Price, discussed in a report that the ongoing market conditions favor value stocks as central banks are unlikely to cut interest rates this year. Here is an excerpt from the report:“I believe that an extended period of higher interest rates and the maturing of the recent period of disruptive technology may establish a better environment for value stocks. This is not to suggest that value will dominate the next 10 years in the way that growth has dominated the past 10, but it does mean that value investing is likely to play a more important role in investor portfolios as higher rates create broader earnings growth and investors focus more on cash flows.”Story continuesThe positive outlook for value investing has billionaires flocking toward value stocks this year. In this article, we will take a look at undervalued S&P 500 stocks billionaires are loading up on. Some of these include Citigroup Inc. (NYSE:C), Albemarle Corporation (NYSE:ALB), and American International Group, Inc. (NYSE:AIG).Undervalued S&P 500 Stocks Billionaires Are Loading Up OnPixabay/Public DomainOur Methodology:For this article, we first used the Finviz stock screener to identify 25 S&P 500 companies with the lowest forward P/E ratios, as of June 5. From that list, we selected 10 companies that have the highest number of billionaire investors, tracked by Insider Monkey as of Q1 2023. We also measured the overall hedge fund sentiment around each stock using our database of 943 elite funds. The forward P/E ratio of these stocks is below 10. We ranked them according to the number of billionaire investors having stakes in them.10. Comerica Incorporated (NYSE:CMA)Number of Billionaire Investors: 10 Forward P/E Ratio as of June 5: 4.30Comerica Incorporated (NYSE:CMA) is a Texas-based financial services company that provides services in commercial and retail banking and wealth management. In the first quarter of 2023, the company reported revenue of $990 million, up 41.4% from the same period last year. Its net interest income for the quarter came in at $708 million, up from $456 million in the prior-year quarter.Following the company's strong quarterly earnings, JPMorgan upgraded Comerica Incorporated (NYSE:CMA) to Overweight in May with a $46 price target. 10 billionaires in our database held investments in the company, including Ken Griffin and D. E. Shaw. Other undervalued stocks popular among billionaires include Citigroup Inc. (NYSE:C), Albemarle Corporation (NYSE:ALB), and American International Group, Inc. (NYSE:AIG).Comerica Incorporated (NYSE:CMA) is also a dividend stock and pays a quarterly dividend of $0.71 per share, having it raised by 4% in March. The stock has a dividend yield of 6.92%, as of June 5.The number of hedge funds tracked by Insider Monkey owning stakes in Comerica Incorporated (NYSE:CMA) grew to 46 in Q1 2023, from 37 in the previous quarter. These stakes have a collective value of $691.7 million.9. Devon Energy Corporation (NYSE:DVN)Number of Billionaire Investors: 10 Forward P/E Ratio as of June 5: 5.29Devon Energy Corporation (NYSE:DVN) is an American energy company that specializes in the exploration of hydrocarbons. In May, Stifel maintained a Buy rating on the stock with a $71 price target, after the company updated its estimates for annual results.Devon Energy Corporation (NYSE:DVN) generated $3.8 billion in revenues in the first quarter of 2023, up 0.3% from the same period last year. The company's free cash flow for the quarter came in at $665 million. It announced a $0.72 per share fixed-plus-variable dividend on May 8. The stock's dividend yield on June 5 came in at 9.31%.Devon Energy Corporation (NYSE:DVN) was one of the most popular undervalued stocks among billionaires. Overall 49 hedge funds tracked by Insider Monkey owned stakes in the company at the end of Q1 2023, worth collectively $570.7 million. Billionaire Donald Yacktman's Yacktman Asset Management was the company's leading stakeholder in Q1.8. APA Corporation (NASDAQ:APA)Number of Billionaire Investors: 11 Forward P/E Ratio as of June 5: 5.45APA Corporation (NASDAQ:APA) is an energy holding company, based in Texas, US. It is among the most popular undervalued S&P 500 stocks among billionaires as 11 billionaires in our database, including Cliff Asness and Ken Griffin, owned stakes in the company in Q1 2023.In the first quarter of 2023, APA Corporation (NASDAQ:APA) reported a strong cash position. The company's operating cash flow came in at $335 million and its free cash flow stood at $272 million. It generated $2 billion in revenues during the quarter, which fell by 25% from the same period last year.APA Corporation (NASDAQ:APA) pays a quarterly dividend of $0.25 per share and has a dividend yield of 3%, as recorded on June 5.As of the close of Q1 2023, 36 hedge funds in Insider Monkey's database reported having stakes in APA Corporation (NASDAQ:APA), with a collective value of over $255.2 million. With roughly 11 million shares, Harris Associates was the company's largest stakeholder in Q1.Ariel Investments mentioned APA Corporation (NYSE:APA) in its Q4 2022 investor letter. Here is what the firm has to say:“Oil and natural gas explorer, APA Corporation (NASDAQ:APA) was the top contributor to relative returns in the period. Shares traded higher on strong U.S. well performance and upbeat guidance suggesting production is back on track in the North Sea and Egypt. Management also reiterated APA’s commitment to return 60% of free cash flow to shareholders through dividends and repurchases. In our view, this suggests significant buyback activity in the upcoming quarter, highlighting an attractive return of capital.”7. EQT Corporation (NYSE:EQT)Number of Billionaire Investors: 12 Forward P/E Ratio as of June 5: 3.50EQT Corporation (NYSE:EQT) is an American energy company that specializes in pipeline transport and hydrocarbon exploration. Mizuho appreciated the company's cash returns and an improving service cost environment in the first quarter. In view of this, the firm raised its price target on EQT in May to $52 and maintained a Buy rating on the shares.In the first quarter of 2023, EQT Corporation (NYSE:EQT) reported revenue of $2.66 billion, which beat Street estimates by $890 million. The company's operating cash flow for the quarter amounted to over $1.6 billion and its free cash flow came in at $774 million. With a forward P/E ratio of 3.50, EQT is one of the most popular undervalued S&P 500 stocks among billionaires.On April 19, EQT Corporation (NYSE:EQT) declared a quarterly dividend of $0.15 per share, which was in line with its previous dividend. The stock's dividend yield came in at 1.66% on June 5.At the end of March 2023, 47 hedge funds tracked by Insider Monkey owned stakes in EQT Corporation (NYSE:EQT), worth over $1.1 billion collectively. David Tepper and Steve Cohen were two of the most popular billionaires having stakes in the company.Artisan Partners made the following comment about EQT Corporation (NYSE:EQT) in its Q4 2022 investor letter:“Finally, shares of US natural gas producer EQT Corporation (NYSE:EQT) fell on lower-than-expected production due to extreme weather in December. However, the company still produced strong free cash flow that beat expectations. EQT is one of the largest producers of natural gas, an energy source that emits significantly less carbon dioxide than other fossil fuels, such as coal or oil. We sold the position, as it had reached its target valuation.”6. American Airlines Group Inc. (NASDAQ:AAL)Number of Billionaire Investors: 12 Forward P/E Ratio as of June 5: 5.63American Airlines Group Inc. (NASDAQ:AAL) is next on our list of undervalued S&P 500 stocks billionaires are loading up on. In Q1 2023, the company posted revenue of $12.2 billion, which saw a 37% growth from the same period last year. Its operating cash flow and free cash flow for the quarter came in at $3.3 billion and $3 billion, respectively.In May, JPMorgan upgraded American Airlines Group Inc. (NASDAQ:AAL) to Overweight and also lifted its price target on the stock to $29. The firm appreciated the company's efforts to reduce its debt.American Airlines Group Inc. (NASDAQ:AAL) is among the most popular undervalued S&P 500 stocks among billionaires, alongside Citigroup Inc. (NYSE:C), Albemarle Corporation (NYSE:ALB), and American International Group, Inc. (NYSE:AIG).As of the close of Q1 2023, 36 hedge funds held stakes in American Airlines Group Inc. (NASDAQ:AAL), up from 31 in the previous quarter, as per Insider Monkey's database. These stakes have a collective value of over $900 million. Billionaires D. E. Shaw and Noam Gottesman were some of the company's prominent investors in Q1. Click to continue reading and see 5 Undervalued S&P 500 Stocks Billionaires Are Loading Up On. Suggested articles:10 Most Undervalued Hong Kong Stocks To Buy10 Chinese Stocks Billionaires Are Loading Up On10 Best Industrial Distribution Stocks to Buy NowDisclosure. None. 10 Undervalued S&P 500 Stocks Billionaires Are Loading Up On is originally published on Insider Monkey.

Insider Monkey

10 Undervalued S&P 500 Stocks Billionaires Are Loading Up On

https://finance.yahoo.com/news/10-undervalued-p-500-stocks-213052368.html

3305dae5-29eb-37fd-b464-58327314a5e1

AAL

With another solid jobs report in the books, top travel execs are wasting no time predicting a strong July 4 holiday weekend and back half of the year as consumers continue to spend briskly on services as opposed to goods."I was just looking at some July 4 data. Revenue per available room is up about 10%. Forward bookings through the end of the year look particularly strong," Marriott International (MAR) CEO Anthony Capuano told Yahoo Finance Live (video above) in a Monday interview.The bullish outlook was echoed on the same day by Marriott's long-time rival."Demand is strong across the board, I don't care where you are in the world," Hilton (HLT) CFO Kevin Jacobs said on Yahoo Finance Live. "We don't have months and months of visibility in our business, but from what we can see it's going to be another strong summer."Other anecdotal evidence suggests consumers are prepared to overlook higher prices for a hotel and an airplane flight and travel a good bit this summer.Flight searches are up 25% overall for June through August compared to the same time last year, according to fresh data from travel booking portal Expedia (EXPE). Interest is up triple digits for more expensive trips to international destinations across Europe and Asia."We're seeing a ton of demand," Expedia CEO Peter Kern told Yahoo Finance.Meantime, American Airlines (AAL) just last week lifted its second quarter outlook, citing continued strong demand and lower fuel costs.What is shaping up to be a good July 4 holiday travel period comes alongside mixed readings on the economy.Hotel guests at the Hilton Fort Lauderdale Beach Resort on the beach. (Joe Cavaretta/South Florida Sun-Sentinel/Tribune News Service via Getty Images)The US economy added 339,000 non-farm payroll jobs in May, per the latest from the Bureau of Labor Statistics. It marked the largest increase in jobs since January.The headline jobs numbers were revised higher for the prior two months.US consumer confidence, however, slipped to a six-month low in May on softening expectations around the labor market.Story continues"We maintain our call for a US recession in Q4 as the lags from tighter monetary policy really start to hit. As we've felt for a while, you have to respect the lag and be patient. Markets on the other hand are anything but and want instant gratification. That's what makes it an interesting time now and for the next few months ahead," warned Deutsche Bank economist Matthew Luzzetti in a client note on Tuesday.Shares of the major travel companies reflect the uncertain economic outlook amid still high inflation and elevated interest rates.The stock prices of the aforementioned Marriott and Hilton are down slightly in the past month. Airbnb (ABNB) has shed 2%. American Airlines is up 7.2%, while Expedia has tacked on a cool 10%."We don't have our heads in the sand. If the economy slows, we think we'll slow on a lag. But it doesn't surprise me demand is going to be really strong through at least the summer and maybe beyond," added Hilton's Jacobs.Brian Sozzi is Yahoo Finance's Executive Editor. Follow Sozzi on Twitter @BrianSozzi and on LinkedIn. Tips on the banking crisis? Email brian.sozzi@yahoofinance.comClick here for the latest stock market news and in-depth analysis, including events that move stocksRead the latest financial and business news from Yahoo Finance

Yahoo Finance

July 4 holiday travel shaping up to be strong, top hotel execs predict

https://finance.yahoo.com/news/july-4-holiday-travel-shaping-up-to-be-strong-top-hotel-execs-predict-120931736.html

c0a8fd61-a8e6-4845-9f54-d222f4c39cd2

AAL

For Immediate ReleaseChicago, IL – June 6, 2023 – Today, Zacks Equity Research discusses American Airlines AAL, Copa Holdings CPA and Allegiant Travel Company ALGT.3 Airline Stocks to Keep a Tab on Amid Rosy Passenger TrafficProspects of Zacks Transportation - Airline industry’s participants are being buoyed by the stronger-than-expected recovery in air travel demand from the pandemic lows. Air travel continues to be particularly strong on the leisure front. What is more encouraging is that international demand is also bouncing back nicely. Low fuel costs represent another tailwind for airline stocks.Driven by the abovementioned positives, investors interested in the industry would do well to keep stocks like American Airlines, Copa Holdings and Allegiant Travel Company on their radar.About the IndustryThe Zacks Airline industry includes players engaged in transporting passengers and cargo to various destinations globally. Most operators maintain a fleet of multiple mainline jets in addition to several regional planes. Operations are aided by their regional airline subsidiaries and third-party regional carriers. Additionally, industry players utilize their respective cargo divisions to offer a wide range of freight and mail services. The players invest substantially to upgrade technology. The industry, apart from comprising legacy carriers, includes low-cost players. The well-being of companies in this group is linked to the health of the overall economy. For example, the aviation space was one of the worst pandemic-hit corners, with passenger revenues taking a beating. However, air-travel demand is extremely rosy now. The focus on boosting cargo revenues is a positive too.Factors Relevant to the Industry's FortunesBuoyant Air Traffic Scenario: The stronger-than-expected recovery in air-travel demand from pandemic lows is a huge positive for the industry, which was one of the worst-hit industries in the peak COVID-19 period. People are again resorting to air travel with the resumption of normal activities. Airline stocks are likely to continue flying high with the summer travel season fast approaching when air-travel demand is likely to swell. Per Airlines for America, U.S. airlines are anticipated to carry 257 million passengers from Jun 1 to Aug 31, 2023. The projection is at an all-time high.Story continuesOwing to the buoyant scenario with respect to air-travel demand, the International Air Transport Association or IATA has doubled its current-year profitability (net) forecast for the industry to $9.8 billion from $4.7 billion. The top line in 2023 is now anticipated to be $803 billion compared with the previous estimate of $779 billion. The revised revenue forecast indicates a 9.7% increase from the 2022 actuals. Passenger revenues are the biggest driver of this rosy projection. Per IATA, passenger revenues in 2023 are now anticipated to be $546 billion compared with the previous estimate of $522 billion. The revised revenue forecast indicates a 27% increase from the 2022 actuals.Declining Fuel Costs: The southward movement of oil price bodes well for the bottom-line growth of industry participants. This is because fuel expenses are a significant input cost for the aviation space. Notably, oil price declined 5.7% in the January-March period of 2023. Per IATA, the average jet fuel cost is expected to be $98.5 per barrel in 2023 (earlier forecast was $111.9 per barrel).High Labor Costs: Increased operating costs are limiting bottom-line growth. Per IATA, total expenses are expected to be $781 billion in 2023. The cost forecast indicates an 8.1% increase from the 2022 actuals. With expenses on fuel moving south, costs will likely continue to be steep going forward due to escalated labor costs. Moreover, with U.S. airlines grappling with pilot shortage, the bargaining power of this labor group has increased. As a result, we have seen pay-hike deals being inked in the space. This will result in an increase in labor costs.Zacks Industry Rank Signals Bright ProspectsThe Zacks Airline industry is a 26-stock group within the broader Zacks Transportation sector. The industry currently carries a Zacks Industry Rank #49, which places it in the top 20% of 250 plus Zacks industries.The group’s Zacks Industry Rank, basically the average of the Zacks Rank of all the member stocks, indicates bright near-term prospects. Our research shows that the top 50% of the Zacks-ranked industries outperforms the bottom 50% by a factor of more than 2 to 1.The industry’s positioning in the top 50% of the Zacks-ranked industries is a result of a positive earnings outlook for the constituent companies in aggregate. Looking at the aggregate earnings estimate revisions, it appears that analysts are optimistic about this group’s earnings growth potential. The industry’s earnings estimate for 2023 has moved up 38.9% since September 2022.Before we present a few stocks that you may want to add or retain in your portfolio, let’s look at the industry’s recent stock-market performance and its valuation picture.Industry Lags S&P 500 But Outperforms SectorOver the past year, the Zacks Transportation - Airline industry has declined 4% against the S&P 500 composite’s rise of 4.2%. The broader sector has declined 5.5% in the said time frame.Valuation PictureThe price/sales (P/S) ratio is often used to value airline stocks. The industry currently has a forward 12-month P/S of 0.41X compared with the S&P 500’s 3.68X. It is also below the sector’s forward-12-month P/S of 1.52X.Over the past five years, the industry has traded as high as 1.02X, as low as 0.33X and at the median of 0.65X.3 Stocks to Keep a Tab onCopa Holdings, currently sporting a Zacks Rank #1 (Strong Buy), is benefiting from an improvement in air-travel demand. In first-quarter 2023, passenger revenues increased 28.5% from first-quarter 2019 levels due to higher yields. You can see the complete list of today’s Zacks #1 Rank stocks here.CPA’s focus on its cargo segment is encouraging. In first-quarter 2023, cargo and mail revenues grew 51.8% at this Latin American carrier from first-quarter 2019 levels on higher volumes and yields.Copa Holdings' fleet modernization and cost-management efforts are commendable. The Zacks Consensus Estimate for current-year earnings has been revised 21.3% upward over the past 60 days.Allegiant is seeing a steady recovery in domestic and leisure air travel demand. In first-quarter 2023, this Las Vegas, NV-based company’s operating revenues grew 29.9% on a year-over-year basis. Passenger revenues, accounting for 93.7% of the top line, increased 31.3% on a year-over-year basis.Allegiant's fleet-modernization efforts are encouraging. The Zacks Consensus Estimate for ALGT's current-year earnings has been revised upward by 42.6% in the past 60 days. The stock currently sports a Zacks Rank #1.American Airlines, currently carrying a Zacks Rank #3 (Hold), is benefiting from an improvement in air-travel demand. Driven by the rosy passenger traffic scenario and low fuel costs, AAL’s management recently lifted its second-quarter 2023 earnings per share (excluding net special items) view and now expects the same to be in the $1.45-$1.65 range (earlier guidance: $1.20-$1.40).Second-quarter 2023, adjusted operating margin is now anticipated in the 12.5-14.5% band (earlier guidance:11-13%). Average fuel cost per gallon is now expected in the range of $2.55-$2.65 (earlier guidance: $2.65-$2.75). The Zacks Consensus Estimate for AAL's current-year earnings has been revised upward by 11.5% in the past 60 days.Why Haven’t You Looked at Zacks' Top Stocks?Since 2000, our top stock-picking strategies have blown away the S&P's +6.2 average gain per year. Amazingly, they soared with average gains of +46.4%, +49.5% and +55.2% per year. Today you can access their live picks without cost or obligation.See Stocks Free >>Join us on Facebook: https://www.facebook.com/ZacksInvestmentResearch/Zacks Investment Research is under common control with affiliated entities (including a broker-dealer and an investment adviser), which may engage in transactions involving the foregoing securities for the clients of such affiliates.Media ContactZacks Investment Research800-767-3771 ext. 9339support@zacks.comhttps://www.zacks.comPast performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performance  for information about the performance numbers displayed in this press release.Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free reportCopa Holdings, S.A. (CPA) : Free Stock Analysis ReportAmerican Airlines Group Inc. (AAL) : Free Stock Analysis ReportAllegiant Travel Company (ALGT) : Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment Research

Zacks

Zacks Industry Outlook Highlights American Airlines, Copa Holdings and Allegiant Travel Company

https://finance.yahoo.com/news/zacks-industry-outlook-highlights-american-145500926.html

7437d9d2-920a-303b-b192-984dbbb89663

AAL

Every airline has its own member rewards program, because creating customer loyalty is the name of the game in the aviation industry. There's a lot of competition out there, so locking in a returning customer is of the utmost importance. Of course, not all rewards programs are created equal.Continue reading

TheStreet.com

American Airlines Is Giving Its Elite Customers a Free Upgrade

https://finance.yahoo.com/m/16142471-483d-391f-b920-b429ad701cbf/american-airlines-is-giving.html

16142471-483d-391f-b920-b429ad701cbf

AAL

In this article, we will take a loot at the 20 most dangeorus countries for LGBTQ+ American travelers. If you want to skip our detailed analysis, you may jump to 5 Most Dangerous Countries for LGBTQ+ American Travelers.Anti-LGBTQ+ sentiments are getting louder and wilder. Specifically, businesses that are supporting the LGBTQ+ community are under fire from conservative segments of the society. LGBT Capital notes that the purchasing power of the community is $3.9 trillion globally. While professing support for these communities allows them to get a hold of a significant slice of the pie, it's also drawing significant backlash toward them.Rainbow CapitalismJune is Pride Month for the LGBTQ+ community. Every year, millions of spectators gather for the New York Pride March, celebrating LGBTQ+ legal rights, social and self-acceptance, and also their pride. Also known as "pink capitalism" or "pinkwashing," rainbow capitalism is when consumerism and capitalism get involved in the LGBT movement.Corporations have been criticized for expressing their support for the pride movement without actually having equity or inclusion policies in place. Many businesses are joining in the event with their marketing campaigns, queer influencer partnerships, and pride-logo products to demonstrate their support for Pride Month. LGBTQ+ individuals travel from all over the world to attend such pride events sponsored by LGBT-friendly companies.One prime example of a company that has been criticized for alleged "rainbow washing" is the retail giant Target Corporation (NYSE:TGT). While the company has been showcasing its support for pride month for many years, this year, it has received significant backlash from the LGBTQ community and its supporters for taking a stand without "conviction".Being a platinum sponsor of NYC Pride, Target Corporation (NYSE:TGT) recently withdrew its Pride merchandise after receiving backlash and potential threats towards the safety of its workers. Evidently, Target Corporation (NYSE:TGT) has shown that mass boycotts, lost revenue, and brand-harm can intimidate corporations from coming forward on their stance in regards to the LGBT community.Story continuesDangerous Countries for LGBTQ+ American Travelers2023 has witnessed more than 417 anti-LGBT bills being introduced in state legislatures across the United States. However, its still compartively a far safer country for the LGBT+ community. We have also covered the most gay-friendly cities in the US, which you can take a look at. These include Seattle, Albany and Austin, among others, which can also be regarded as the best places to live for the LGBT+ community.We have covered the safest countries for lgbt+ community to live, as well, in our list of the most LGBT-friendly countries in the world. However, the LGBTQ+ American travelers should stay cautious, especially when traveling to other countries.Many of the developing economies, such as Nigeria, criminalize LGBT+ rights, with even death penalties in countries that are far more conservative. Another dangerous country for LGBTQ+ American travelers is Qatar. Acts of homosexuality in the country are awarded the death penalty. Some other countries that are regarded as dangerous for LGBTQ+ communities include Yemen, Saudi Arabia, Sudan, and Iran.According to the U.S. State Department travel advisory, lesbian, gay, transgender, bisexual, queer, and other intersex travelers may face unique challenges when traveling to other countries. Approximately 70 countries consider consensual same-sex relations a crime, which is why it’s important to go through documents such as Traveler's Checklist and Country Information pages specific to LGBT+ American travelers.Many international travel and vacation companies, such as Airbnb, Inc. (NASDAQ:ABNB) and American Airlines Group Inc. (NASDAQ:AAL), are pro-LGBTQ+ companies, providing them with great travel experiences and accommodations. With regard to Airbnb, Inc. (NASDAQ:ABNB), not only is the company a great place to work with for this community, but it is also a top choice for travelers looking for gay-friendly or Pro-LGBTQ+ rentals.Airbnb, Inc. (NASDAQ:ABNB) listings have a no-discrimination policy its users have to follow. A recent case had a user, who was suspended due to a violation of the said policy, after refusing to rent to a gay couple. Similarly, American Airlines Group Inc. (NASDAQ:AAL) has been the first major airline to protect LGBT team members from discrimination. Being the most gay-friendly airline, American Airlines Group Inc. (NASDAQ:AAL) has been flying with pride along with other airlines such as Alaska Airlines and Atlas Air.Many businesses have also been emerging that are specifically catering to the LGBTQ+ community. With regards to travel, top LGBT travel companies include HE Travel, RSVP Vacation, Out Adventures, and VentureOut, to name a few.20 Most Dangerous Countries for LGBTQ+ American TravelersMybona/Shutterstock.comMethodologyIn order to compile the list of most dangerous countries for LGBTQ+ travelers, we have used Gay Travel Index 2023 from Spartacus, LGBTQ+ Travel Index from Asher & Lyric, and Global Peace Index. The weighted average formula was used to assign weights to the above indexes and calculate an Insider Monkey score.Gay Travel Index and Asher & Lyric Travel Index were assigned equal weights of 40% each, while Global Peace Index was assigned 20% weightage. The weighted averages determined an Insider Monkey average score for each country on which the rankings are based. The countries are ranked in descending order from the highest to the lowest score.Here are the most dangerous countries for LGBT+ American travelers:20. MalaysiaInsider Monkey Score: 157While Malaysia is a beautiful developing country in the Southeast, gay travelers may not be able to enjoy its gorgeous beaches and World Heritage Sites. The country severely punishes homosexuality, and state-backed discrimination is a major reason why LGBT+ American travelers may face challenges, prejudices, and threats on their visit to the country. Moreover, the population is generally conservative. As such, the country's tourism minister has also denied the existence of this community, and if found, homosexuality is punishable with up to 20 years in prison, fines, and whipping.19. TunisiaInsider Monkey Score: 160While Tunisia wholeheartedly accepts tourists, the LGBT community is not received with open arms. Homosexuality is a crime in the country that is punishable by up to 3 years imprisonment. As such, American LGBT+ travelers are advised to exercise discretion when traveling. Article 230 of the Penal Code condemns indecent exposure and indecent assault.18. TanzaniaInsider Monkey Score: 162Tanzania is an international hub for tourists and is known for its natural parks, gorgeous beaches, and wilderness areas. Like many other countries, Tanzania has proclaimed homosexuality as illegal, and anyone found can face a maximum penalty of 30 years or even life imprisonment. These laws are unlikely to be changed anytime soon. Even the residents of Tanzania consider it unlawful and an unnatural way of life. The general attitude is the same for others from the LGBT+ community like bisexual and trans individuals.17. RussiaInsider Monkey Score: 162In June 2013, Russia passed a new law concerning the "propaganda" of non-traditional sexual relations for minors. Last year, the so-called propaganda was extended by the lower house of parliament. Even the promotion of homosexuality online, in books, or in films is banned. Anya's activities or conduct will be subjected to major fines and penalties. Foreigners can also be expelled if they are found of non-compliance. The situation is worse in Russian republics like Chechnya.16. KuwaitInsider Monkey Score: 164Tourism is increasing in Kuwait, but the attitudes, perceptions, and behaviors that LGBTs may face are different compared to non-LGBT tourists. Impersonating the opposite sex and homosexual relations are illegal in the country. As such, tourists should refrain from attending parties or events that are controversial in the eyes of the law. Public "immorality" is prohibited; however, impersonating the same sex has now been outlawed.15. BruneiInsider Monkey Score: 165Another dangerous country for LGBT+ American travelers is Brunei. Spartacus Travel Index ranks the country at 159, while A&F ranks it at number 203. Homosexuality is a crime in Brunei, with its punishment being death by stoning. This is applicable to all residents and tourists coming into the country, which is why it's best to exercise discretion when traveling here.14. UgandaInsider Monkey Score: 165Uganda is one of the most populous countries in Africa and apparently one of the most dangerous countries to travel to for the LGBTQ+ community. The Anti-Homosexuality Act of 2023 has pushed the country further into the spotlight. Those found engaging in same-sex relations will be imprisoned for a lifetime or charged with the death penalty. Travelers must exercise discretion when visiting the country or risk the charges stated above.13. United Arab EmiratesInsider Monkey Score: 167UAE is increasingly becoming a dangerous place for the LGBTQ+ community. Millions of visitors come to see Dubai and Abu Dhabi, but it can be the among the worst places for LGBT American travelers. UAE, Saudi Arabia, Qatar, and Iran are all setting up coordinated efforts to crack down on their existence in the Emirates, and both the locals and foreigners are to bear the brunt. Even wearing female apparel by a male can carry the sentence of up to one year in prison as well as a fine of 10,000 dirhams. As such, homosexuality is strictly forbidden and punishable by law.12. MalawiInsider Monkey Score: 168Malawi strictly forbids homosexuality, which is why it is not safe for LGBT+ travelers to visit the country. Punishments for such acts are very strict, with same-sex acts resulting in 14 years in prison for men and up to 5 years imprisonment for women. Men cannot even keep long hair, and any man found having hair longer than their mouth can receive imprisonment for up to six months. The public sentiments regarding homosexuality aren't encouraging either, which is why the country is not a good place to travel to for this community.11. South SudanInsider Monkey Score: 169While South Sudan gained independence from Sudan back in 2011, the country still uses extreme interpretations of the Sharia law. This law implies that all acts of homosexuality are forbidden in the country, and punishments could range anywhere between lashes and even death. Even the majority of the population in the country is against such acts and individuals, which is why it is one of the worst countries to travel to for the LGBTQ+ community.10. EthiopiaInsider Monkey Score: 171While Ethiopia is already a worst travel destination due to its civil unrest, crime, conflicts, and terrorism, it is even worst for LGBT+ American travelers. LGBTQ+ community has no rights in the country, and the general population is against homosexuality as well. Same-sex relations are outlawed, and those found guilty can face imprisonment of up to 15 years. Some religious groups are very extreme and urge authorities to ban trips that are organized by tour operators catering to this population.9. SudanInsider Monkey Score: 173Similar to Sudan, homosexuality is a crime that is punishable under the country's law. The general population is also against the idea of homosexuality, and overall it is not a safe country to travel to. Spartacus ranks the country at 159, while Asher & Lyric places it at number 195 to depict how far this country is behind on safety for LGBTQ travelers. The Sudanese Penal Code criminalizes acts of sodomy, "indecent acts", "indecent acts in public spaces", "seduction", and materials that are contrary to "morals". Hence, it is one of the most dangerous countries for gay travelers.8. EgyptInsider Monkey Score: 174Egypt has always been a traveler's favorite, thanks to its huge pyramids and historical and religious significance. However, the country holds negative laws pertaining to homosexuality, which is why it has made it to our list. Since 2013, more than 250 LGBT individuals have been arrested in the country, and there is a consistent crackdown on such individuals. Same-sex acts can lead to up to 3 years’ imprisonment, while possession of homosexual materials will lead to two years’ prison along with a fine. LGBTQ+ travelers are strictly advised not to disclose their sexual identity to anyone or use any dating applications in the country.7. IranInsider Monkey Score: 181LGBTQ+ travelers must avoid traveling to Iran due to extreme punishments for acts of homosexuality, transgenderism and bisexuality. Same-sex acts in the country will be subjected to 31 lashes, while intercourse will lead to 100 lashes or the death penalty. More than 5,000 gays and lesbians have been executed in the country for such offenses since 1979.6. LibyaInsider Monkey Score: 184Libya is an overall dangerous country to travel to regardless of the sexual orientation of individuals. Terrorism, violence, and civil unrest have made the country very unsafe. Moreover, the laws prohibit any or all activities that fall outside of heterosexual marriage. Anyone found going against these laws is subjected to amputation and flogging.Click to continue reading and see the 5 Most Dangerous Countries for LGBTQ+ American Travelers.  Suggested Articles:25 Most LGBTQ-Friendly Countries in the World15 Most Powerful Currencies in the World20 American Cities With the Highest Uninsured RatesDisclosure: none. 20 Most Dangerous Countries for LGBTQ+ American Travelers is originally published on Insider Monkey.

Insider Monkey

20 Most Dangerous Countries for LGBTQ+ American Travelers

https://finance.yahoo.com/news/20-most-dangerous-countries-lgbtq-154759423.html

641eaf1e-6068-3d80-8874-fbb0b7780b1b

AAL

The company has made a move that's bad for customers while insulting them by saying why the change has occurred.Continue reading

TheStreet.com

American Airlines Adds New Fee, Gives Preposterous Reason

https://finance.yahoo.com/m/785189cf-a86a-34ab-bfda-c5144f5a3265/american-airlines-adds-new.html

785189cf-a86a-34ab-bfda-c5144f5a3265

AAL

American Airlines AAL is benefiting from buoyant air-travel-demand scenario, particularly on the domestic front. However, escalating operating costs and low liquidity are worrisome.Factors Favoring AALOwing to upbeat air-travel demand, operating revenues in first-quarter 2023 increased 37% year over year. Passenger revenues, accounting for the bulk of the top line (91.1%), increased to $11,103 million from $7,818 million a year ago.The anticipated air-travel-demand swell during the summer season and low fuel costs led to the recently issued bullish outlook for second-quarter 2023.American Airlines, currently carrying a Zacks Rank #3 (Hold), now expects total revenue per available seat miles (a measure of unit revenue) to decline 1-3% from second-quarter 2022 actuals (earlier estimate: a decline of 2-4%). Adjusted operating margin is now anticipated in the 12.5-14.5% band (earlier guidance: 11-13%). Average fuel cost per gallon is now expected in the range of $2.55-$2.65 (prior guidance: $2.65-$2.75).Available seat miles (a measure of capacity) are still estimated to increase 3.5-5.5% year over year. AAL projects earnings per share (excluding net special items) in the $1.45-$1.65 range (prior view: $1.20-$1.40).Backed by robust air-travel demand, American Airlines is constantly looking to add routes and broaden network. The carrier's debt-reduction efforts are impressive as well. Management aims to reduce its debt by $15 billion by 2025 end.Key RisksDespite declining fuel costs, expenses on labor continue to be high. AAL expects non-fuel unit costs to increase 3.5-5.5% year over year in second-quarter 2023. AAL continues to grapple with pilot shortage in the face of a strong rebound in air-travel demand.American Airlines’ current ratio (a measure of liquidity) at the end of first-quarter 2023 was 0.72. A current ratio of less than 1 is not desirable as it implies that the company doesn't have enough liquid assets to cover its short-term liabilities.Story continuesStocks to ConsiderSome better-ranked stocks for investors interested in the Zacks Airline industry are Copa Holdings CPA and Allegiant Travel Company ALGT. Each stocks is currently sporting a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.Copa Holdings is benefiting from an improvement in air-travel demand. In first-quarter 2023, passenger revenues increased 28.5% from first-quarter 2019 levels due to higher yields.CPA’s focus on its cargo segment is encouraging. In first-quarter 2023, cargo and mail revenues grew 51.8% from first-quarter 2019 levels on higher cargo volumes and yields.Copa Holdings' fleet modernization and cost-management efforts are commendable. The Zacks Consensus Estimate for current-year earnings has been revised 21.05% upward over the past 60 days.Allegiant is seeing a steady recovery in air-travel demand. In first-quarter 2023, operating revenues grew 29.9% on a year-over-year basis. Passenger revenues, accounting for 93.7% of the top line, increased 31.3% on a year-over-year basis.Allegiant's fleet-modernization efforts are encouraging. The Zacks Consensus Estimate for ALGT's current-year earnings has been revised upward by 42.37% in the past 60 days.Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free reportCopa Holdings, S.A. (CPA) : Free Stock Analysis ReportAmerican Airlines Group Inc. (AAL) : Free Stock Analysis ReportAllegiant Travel Company (ALGT) : Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment Research

Zacks

Here's Why You Should Retain American Airlines (AAL) Stock Now

https://finance.yahoo.com/news/heres-why-retain-american-airlines-172600919.html

59ba253c-c9ad-30e6-bc0a-834ac9aeb0e1

AAL

Airline fees are everywhere. There's an entire class of travel, mostly associated with discount airlines, in which the ticket price is rock bottom, sometimes around $40 or so, and then you get charged extra for every little thing, from choosing a seat assignment to checking in early. It's not a great feeling, getting nickel and dimed for everything, but with this type of airline, you generally know what you're in for.Continue reading

TheStreet.com

American Airlines Added Yet Another Fee (You're Not Going To Like It)

https://finance.yahoo.com/m/b33fd59b-c24f-30f3-a22c-4b1b6f8ccd06/american-airlines-added-yet.html

b33fd59b-c24f-30f3-a22c-4b1b6f8ccd06

AAL

For Immediate ReleaseChicago, IL – June 9, 2023 – Stocks in this week’s article are American Airlines AAL, Bread Financial BFH, American Axle & Manufacturing Holdings AXL, Boise Cascade Company BCC and Abercrombie & Fitch ANF.5 Broker-Favorite Stocks for Investors to Keep an Eye OnThe debt-ceiling bill, which was signed into law by President Joe Biden earlier this month, has not only averted a major debt crisis but also seems to have infused life into the U.S. equity markets.  The stellar job growth witnessed in May is another positive as far as economic health is concerned. The Labor Department stated that employers added 339,000 new jobs in May, much higher than expected. Moreover, U.S. regional bank stocks are also moving north owing to expectations of a pause in interest rate hikes.Investors would do well to take advantage of the rosy scenario by focusing on broker-favorite stocks like American Airlines, Bread Financial, American Axle & Manufacturing Holdings, Boise Cascade Company and Abercrombie & Fitch.Here’s Why Broker-Advice Needs to be FollowedBrokers, irrespective of their types (sell-side, buy-side or independent), have at their disposal a lot more information on a company and its prospects than individual investors. They go through minute details of the publicly available financial documents apart from attending company conference calls and other presentations.As brokers often directly communicate with the top brass, they gain an in-depth understanding of what is happening in a particular company. Therefore, the question of their action being arbitrary does not arise. In fact, a rating upgrade or downgrade by brokers has the potential to influence the price of the stock.A rating upgrade often leads to stock price appreciation. Similarly, the price of a stock may plummet following a rating downgrade. In view of the above attributes, broker action should be relied on by individual investors, in their quest to form a winning portfolio of stocks.Story continuesFormulating a Winning PortfolioWe have designed a screener to arrive at stocks based on improving analyst recommendation and upward earnings estimate revisions over the last four weeks. However, considering only these factors does not make our strategy foolproof as the top line has not been considered.Actually, according to many market watchers, a top-line outperformance is more creditable for a company than a mere earnings outperformance. To address top-line concerns, we have included the price/sales ratio in our screener which serves as a strong complementary valuation metric.Here are five of the 10 stocks that made it through the screen:American Airlines is based in Fort Worth, TX. The gradual increase in air travel demand (particularly for leisure) is aiding AAL. However, high fuel costs are hurting the bottom line.Over the past 60 days, the Zacks Consensus Estimate for AAL’s 2023 earnings has been revised 12.76% upward. American Airlines currently carries a Zacks Rank #3 (Hold).Bread Financial, based in Columbus, OH, continues to benefit from data-driven marketing strategies. Solid receivables growth in Card Services should drive its top line. Acquisitions and divestitures will aid the company in growing inorganically and expanding its international footprint.Over the past 60 days, the Zacks Consensus Estimate for BFH’s 2023 earnings has been revised 21.54% upward. Bread Financial currently carries a Zacks Rank #3.American Axle’s significant strides and collaborations in the electric drive space bode well for its top- and bottom- line growth. Efforts aimed at diversifying its business, products and customer base are generating impressive results for the company.American Axle has an impressive surprise history, with its earnings surpassing the Zacks Consensus Estimate in three of the last four quarters (missing the mark on the other occasion). AXL currently carries a Zacks Rank #3.Abercrombie & Fitch operates as a specialty retailer of premium, high-quality casual apparel for men, women and kids through a network of approximately 850 stores across North America, Europe, Asia and the Middle East.The company stated recently that its brands performed well in the holiday season. Abercrombie, currently sporting a Zacks Rank #1 (Strong Buy), is working toward rationalizing its store base by reducing its dependence on underperforming tourist-driven locations. The Zacks Consensus Estimate for current-year earnings has increased 32.87% over the past 60 days. You can see the complete list of today’s Zacks #1 Rank stocks here.Boise Cascade Company: Based in Boise, ID, this company makes wood products and distributes building materials in the United States as well as Canada. Although BCC acknowledges that the industry will face challenges during 2023, given the current economic uncertainties and weaker near-term demand for new residential construction, it remains well-positioned to execute the growth initiatives started in 2022.Boise Cascade, currently carrying a Zacks Rank #3, has also been increasing commodity offerings that will instill growth in the existing and underserved markets, and across its entire national footprint. The Zacks Consensus Estimate for current-year earnings has increased 5.61% over the past 60 days.You can get the rest of the stocks on this list by signing up now for your 2-week free trial to the Research Wizard and start using this screen in your own trading. Further, you can also create your own strategies and backtest them first before taking the investment plunge.The Research Wizard is a great place to begin. It's easy to use. Everything is in plain language. And it's very intuitive. Start your Research Wizard trial today. And the next time you read an economic report, open up the Research Wizard, plug your finds in, and see what gems come out.Click here to sign up for a free trial to the Research Wizard today.For the rest of this Screen of the Week article please visit Zacks.com at: https://www.zacks.com/stock/news/2105629/5-broker-favorite-stocks-for-investors-to-keep-an-eye-onDisclosure: Officers, directors and/or employees of Zacks Investment Research may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material. An affiliated investment advisory firm may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material.About Screen of the WeekZacks.com created the first and best screening system on the web earning the distinction as the "#1 site for screening stocks" by Money Magazine.  But powerful screening tools is just the start. That is why Zacks created the Screen of the Week to highlight profitable stock picking strategies that investors can actively use.Strong Stocks that Should Be in the NewsMany are little publicized and fly under the Wall Street radar. They're virtually unknown to the general public. Yet today's 220 Zacks Rank #1 "Strong Buys" were generated by the stock-picking system that has more than doubled the market from 1988 through 2016. Its average gain has been a stellar +25% per year. See these high-potential stocks free >>.Follow us on Twitter:  https://www.twitter.com/zacksresearchJoin us on Facebook:  https://www.facebook.com/ZacksInvestmentResearchZacks Investment Research is under common control with affiliated entities (including a broker-dealer and an investment adviser), which may engage in transactions involving the foregoing securities for the clients of such affiliates.Contact: Jim GiaquintoCompany: Zacks.comPhone: 312-265-9268Email: pr@zacks.comVisit: https://www.zacks.com/Zacks.com provides investment resources and informs you of these resources, which you may choose to use in making your own investment decisions. Zacks is providing information on this resource to you subject to the Zacks "Terms and Conditions of Service" disclaimer. www.zacks.com/disclaimer.Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performancefor information about the performance numbers displayed in this press release.Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free reportAbercrombie & Fitch Company (ANF) : Free Stock Analysis ReportAmerican Axle & Manufacturing Holdings, Inc. (AXL) : Free Stock Analysis ReportAmerican Airlines Group Inc. (AAL) : Free Stock Analysis ReportBoise Cascade, L.L.C. (BCC) : Free Stock Analysis ReportBread Financial Holdings, Inc. (BFH) : Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment Research

Zacks

Zacks.com featured highlights include American Airlines, Bread Financial, American Axle & Manufacturing Holdings, Boise Cascade and Abercrombie & Fitch

https://finance.yahoo.com/news/zacks-com-featured-highlights-american-125000517.html

fe95d778-f10b-37e3-b141-5922890c982b

AAL

In the past week, European carrier Ryanair Holdings RYAAY and Latin Americas’ Gol Linhas’ GOL reported May traffic. The numbers were aided by an upbeat scenario with respect to air travel demand. Also, owing to the buoyant air travel demand scenario, International Air Transport Association or IATA doubled its 2023 net profit projection for airlines across the globe.American Airlines AAL was another news-maker courtesy of management’s decision to introduce an additional bag fee on transpacific flights. JetBlue Airways JBLU made an expansion-related update in the past week.Recap of the Past Week’s Most Important Stories1. In May, 17 million passengers availed Ryanair flights. This compared favorably with the April figure of 16 million and the May 2022 figure of 15.4 million. Owing to upbeat traffic, load factor (percentage of seats filled by passengers) was as high as 94% in May compared with 92% a year ago. RYAAY, currently carrying a Zacks Rank #3 (Hold), operated more than 94,400 flights in May.You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.AAL was also in the news recently, courtesy of management’s decision to lift the second-quarter 2023 earnings per share forecast. That update was covered in detail in our previous week’s write-up.2. In May, consolidated revenue passenger kilometers (a measure of air traffic) and available seat kilometers (a measure of capacity) increased 13.1% and 14.9%, respectively, on a year-over-year basis. Load factor was 76.1%. The number of flight departures at GOL in May registered a 20.7% year-over-year increase.Domestic departures, accounting for more than 95% of total departures during the month, grew 19.3% on a year-over-year basis. On the domestic front, the number of seats increased 19.5% in May. International departures surged 66.9% in May on a year-over-year basis. The consolidated passenger on board metric rose 20.1% year over year.3. Owing to the buoyant air travel demand scenario, IATA now expects the industry to generate a net profit of $9.8 billion in 2023 compared with $4.7 billion estimated in December last year. The top line in 2023 is now anticipated to be $803 billion compared with the previous estimate of $779 billion. The revised revenue forecast indicates a 9.7% increase from the 2022 actuals. In the event of the revenue forecast coming true, 2023 would be the first year since 2019 (pre-pandemic) when total revenues for airlines across the globe would exceed $800 billion. Notably, revenues were $838 billion in 2019.Story continuesPassenger revenues are the biggest driver of the rosy projection for 2023. Per IATA, passenger revenues in 2023 are now anticipated to be $546 billion compared with the previous estimate of $522 billion. The revised revenue forecast indicates a 27% increase from the 2022 actuals.4. American Airlines has decided to charge $75 for the first checked bag for passengers who booked the cheapest tickets (Basic Economy) on several long-distance flights, including those flying to Israel, Australia and India, among others. Passengers will be charged $100 for the second bag, $200 for the third bag and so on. This change has come into effect from Jun 7.5 JetBlue has decided to serve two more destinations, Belize and St. Kitts, as part of the attempt to expand its network in the Caribbean. JetBlue will offer nonstop flights (thrice a week: Tuesdays, Thursdays and Sundays) from New York’s John F. Kennedy International Airport (JFK) to Robert Llewellyn Bradshaw International Airport in St. Kitts from Nov 2.  Non-stop flights from JFK to Belize City will take to the skies (on Mondays, Wednesdays, and Saturdays) from Dec 6.PerformanceThe following table shows the price movement of the major airline players over the past week and during the last six months.Zacks Investment ResearchImage Source: Zacks Investment ResearchThe table above shows that all airline stocks traded in the green over the past week, resulting in the NYSE ARCA Airline Index gaining 4.2% to $69.37. Over the course of the past six months, the NYSE ARCA Airline Index has appreciated 17.4%.What’s Next in the Airline Space?Stay tuned for the usual news updates in the space.Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free reportRyanair Holdings PLC (RYAAY) : Free Stock Analysis ReportJetBlue Airways Corporation (JBLU) : Free Stock Analysis ReportGol Linhas Aereas Inteligentes S.A. (GOL) : Free Stock Analysis ReportAmerican Airlines Group Inc. (AAL) : Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment Research

Zacks

Airline Stock Roundup: IATA's Bullish Forecast for 2023 Profit, GOL, RYAAY in Focus

https://finance.yahoo.com/news/airline-stock-roundup-iatas-bullish-133300008.html

63131ff1-335f-3db0-aa1e-b8e132c9154f

AAL

BOSTON (AP) —A federal judge who ordered American Airlines and JetBlue Airways to end their Northeast partnership is giving the airlines more time to unwind the deal.U.S. District Judge Leo Sorokin in Boston said in an order Monday that the injunction he ordered last month will take effect 21 days after he issues a final judgment imposing terms on the airlines. It's not clear when that will be.The airlines had faced a deadline next weekend, just 30 days after the judge's May 19 decision in favor of the U.S. Justice Department, which sued to break up the deal.In a post-decision filing Friday, American and JetBlue asked the judge to let them keep some parts of their Northeast Alliance, which covers flights in New York and Boston. They want to continue selling tickets on each other’s flights, called code-sharing, and offering reciprocal frequent-flyer benefits.The Justice Department opposed the airlines' request, although it said the airlines should be allowed to honor tickets that they have already sold on each other's flights to avoid hurting travelers.American Airlines CEO Robert Isom said last month that his Texas-based airline will appeal the May ruling. New York-based JetBlue has not indicated whether it will appeal.

AP Finance

Judge gives American Airlines and JetBlue more time to end their partnership in the Northeast

https://finance.yahoo.com/news/judge-gives-american-airlines-jetblue-182042056.html

2c6637a8-6a56-3f09-aa66-9b60d9527e03

AAL

International carriers and domestic airlines including JetBlue and American Airlines also face an issue that will make travel more expensive for more passengers.Continue reading

TheStreet.com

Southwest, JetBlue, and American Airlines Face Major New Crisis

https://finance.yahoo.com/m/9a6b5670-4fdd-3b3e-9d6e-66cd2b631e1d/southwest-jetblue-and.html

9a6b5670-4fdd-3b3e-9d6e-66cd2b631e1d

AAL

(Adds more DOJ, airlines, share prices in paragraphs 3-13)By David ShepardsonWASHINGTON, June 12 (Reuters) - U.S. District Judge Leo Sorokin on Monday delayed the effective date of a permanent injunction after ruling American Airlines and JetBlue Airways must end their Northeast Alliance (NEA) they used to coordinate flights and pool revenue.Sorokin initially said the injunction would take effect June 20. He said Monday he would now make the effective date 21 days after he issues a final judgment. On Friday, the airlines asked Sorokin to allow them to continue mutual frequent flyer recognition and codeshare arrangements."Customers who have not yet purchased their tickets will lose access to scores of nonstop flight options and the ability to mix-and-match American and JetBlue flights to create hundreds of convenient one-stop connections," the airlines said Friday.American and JetBlue each rose around 3% Monday.The Justice Department said Sorokin should reject the airlines' "invitation to craft a new 'NEA Lite' on the fly." The court should not "bless a different partnership, in a matter of days, simply because it lacks some of the most brazen features of the NEA."The Justice Department and six states sued in 2021 to unwind the NEA announced in 2020, calling it a "de facto merger" of the American and JetBlue Boston and New York operations that removes incentives for them to compete.The airlines oppose other proposed U.S. disclosure and monitoring conditions, calling them onerous and unnecessary, and oppose a two-year ban on any new alliance with any another U.S. air carrier similar to the NEA.American is the largest U.S. airline by fleet size and low-cost carrier. JetBlue is the sixth largest.American has said itplans to appeal. JetBlue has not announced a decision.The Justice Department argued the alliance gave the airlines more than 80% of market share in flights from Boston to Washington and six other airports including the New York area's JFK, LaGuardia and Newark.Separately, the Justice Department filed suit in March aimed at stopping JetBlue from buying discount rival Spirit Airlines.(Reporting by David Shepardson; Editing by Nick Zieminski)

Reuters

UPDATE 1-US judge delays American Airlines, JetBlue injunction date

https://finance.yahoo.com/news/1-us-judge-delays-american-195159681.html

d56d7fb0-b047-3689-91f3-a412395755fb

AAL

In this article, we will be taking a look at the top 20 most profitable airlines in the world. To skip our detailed analysis, you can go directly to see the top 5 most profitable airlines in the world.Even though the airline industry has arguably been the most integral in improving globalization across the last several decades, and even though it has a reputation of being too expensive, it is actually the industry with the lowest profit margins. Because of this, the airline industry is unable to adapt to downward pricing pressure or economic instability, as witnessed during the pandemic.When the Covid-19 pandemic hit, most countries forbade travel and went into lockdowns, severely impacting the hospitality industry, with airlines being particularly hard hit. In fact, from 2020 to 2022, when the worst of the pandemic passed over, the airline industry is estimated to have lost more than $200 billion, resulting in tens of thousands of job cuts even among the most profitable airlines in the world.Top 20 most profitable airlines in the worldPhoto by emiel molenaar on UnsplashHowever, 2022 saw the resumption of global travel as most countries removed restrictions which resulted in pent-up demand being released across summer and airlines recording one of the most profitable quarters in airline history in Q2 2022. Even though the Russian invasion of Ukraine and the ensuing year-plus war result in airspace issues, airlines have managed to persevere and the outlook is quite bright.Of course, you can't discuss 2022 without discussing the economic uncertainty that dominated the year, resulting in a horrendous year for the stock markets, with rising inflation and aggressive interest rate hikes combined with an impending recession resulting in a negative mindset for investors. Despite this, airlines recorded the highest price per mile in history, and even though volume hasn't reverted to pre-pandemic levels, the rise in prices has resulted in higher revenues for airlines with many returning to profitability after a couple of years of losses, which is great news for the most profitable airlines in the world.Story continuesAccording to CNN, Europe, one of the premier destinations for tourists, is already seeing high levels of tourism, even though summer has barely started. This is only going to get worse as schools start breaking for summer and more and more tourists start traveling, with tour operators selling out months in advance. According to Allianz Partners, Americans traveling to Europe will increase by 55% as compared to 2022, with Italian cities dominating the most popular destination lists. Even though volumes are increasing significantly, prices don't seem to be coming down, which might lead to the richest airlines in the world simply getting richer.Many of the most profitable airlines in the world are also well-known for the level of service provided, and are often counted among the best airlines in the world based on assessments by various magazines and websites, with the World Airline Awards being considered the most prestigious. Some of the best airlines based on various categories include Singapore Airlines and Qatar Airways.A large part of an airline's profitability depends on the routes it flies. Even at a time when profits have been under pressure, some routes will still earn airlines hundreds of millions of dollars, with the most lucrative route in the world being worth over $1 billion, according to Forbes. The top 10 most lucrative routes earn revenues of over $6 billion between 2018 and 2019, with British Airways earning $1.16 billion on its route between London and New York. In fact, half of the most profitable routes are based from London's Heathrow Airport, one of the most popular airports in the world in terms of number of passengers. Recently, the airport saw its busiest month since the pandemic started, and this is only bound to increase in the next few months as summer truly grips Europe.However, one thing that investors in airline stocks are concerned about is the industry's contribution to climate change, with many governments emphasizing and preferring travel by train. In fact, France recently banned short-haul flights where a train journey of 2.5 hours would suffice. While many believe this is just lip service and doesn't impact climate change significantly, other similar bans could follow, which will be disastrous for European airlines.While short-haul flights being banned in the future is a possible negative outcome in the future, the rest does seem quite positive. According to the International Air Transport Association (IATA), net profits of the airline industry are expected to double to nearly $10 billion in 2023, at a net margin of just over 1.2% while operating profits are expected to exceed $22.4 billion in the same time period. The current expectation is that over 4.35 billion people will fly in 2023, much closer to 4.54 billion people who flew in 2019. Further, revenues are expected to cross $800 billion in 2023 for the first time since the pandemic hit, all of which shows that the airline industry is well on its way to recovery. IATA's Director General stated "“Airline financial performance in 2023 is beating expectations. Stronger profitability is supported by several positive developments. China lifted COVID-19 restrictions earlier in the year than anticipated. Cargo revenues remain above pre-pandemic levels even though volumes have not. And, on the cost side, there is some relief. Jet fuel prices, although still high, have moderated over the first half of the year.” This has also resulted in a much more positive outlook by Delta's CEO Ed Bastian who said in the company's Q1 2023 earnings call "With solid first quarter performance and visibility into the strength of summer travel demand, we are confident in our full year guidance for revenue growth of 15% to 20% year-over-year, earnings of $5 to $6 per share and free cash flow of over $2 billion, the three main guideposts we shared with you last December. For the June quarter, we expect to deliver the highest quarterly revenue in our history, a 15% operating margin and EPS of $2 to $2.25 a share. Our forecast operating profit of $2 billion matches Q2 of 2019, demonstrating that the earnings power of this franchise is intact."However, despite the recovery posted by airlines, it is important to note that even some of the biggest airlines in the world have still not returned to profitability. This is why, some of the most profitable airlines in the world are still currently making losses, though if trends continue, that will not be the case for much longer. To determine our listing, we ascertained the 25 biggest airlines in the world through Fortune 500 and annual reports of each airline, and ranked them based on either their TTM net profit from continuing operations, or net profit as determined through their annual report, especially for airlines that aren't listed. Where the company's financials were in another currency, they were translated to the USD. Numbers in brackets indicia20. All Nippon AirwaysTotal net profit / (loss) (in millions): $(1,034)All Nippon Airways, Japan's major carrier, recently entered a deal for a commercial partnership with El Al Israeli Airlines.19. Spirit Airlines, Inc. (NYSE:SAVE)Total net profit / (loss) (in millions): $(554)Spirit Airlines, Inc. (NYSE:SAVE) is an American ultra-low cost carrier which saw nearly 60% of its total flights delayed recently after an issue with its website, airport kiosks and app.18. Cathay PacificTotal net profit / (loss) (in millions): $(378)Cathay Pacific used to be a major competitor to Singapore Airlines but has stagnated in recent years, as evidenced by the fact that Singapore Airlines turned a huge profit while Cathay Pacific is still facing heavy losses, though still has seen significant improvement from 2020, where its losses were over $2.7 billion.17. JetBlue Airways Corporation (NASDAQ:JBLU)Total net profit / (loss) (in millions): $(362)JetBlue Airways Corporation (NASDAQ:JBLU) is one of America's most popular low-cost airline carriers. Recently, JetBlue Airways Corporation (NASDAQ:JBLU) was forced to end its partnership with American Airlines by a court.16. Japan AirlinesTotal net profit / (loss) (in millions): $(66)Japan Airlines is one of the country's biggest airlines, and is issuing a 10 billion Japanese Yen bond, after deciding to operate its own freighters.15. Air IndiaTotal net profit / (loss) (in millions): $ (1)The flagship carrier for India, Air India recently launched flights to Amsterdam.14. Alaska Air Group, Inc. (NYSE:ALK)Total net profit / (loss) (in millions): $58The first airline in our list of most profitable airlines in the world to actually make a profit is Alaska Air Group, Inc. (NYSE:ALK), which owns Alaska Airlines and Horizon Air. Alaska Air Group, Inc. (NYSE:ALK) has seen its stock price soar even as it adds more nonstop flights to several destinations.13. SkyWest, Inc. (NASDAQ:SKYW)Total net profit / (loss) (in millions): $73SkyWest, Inc. (NASDAQ:SKYW) has been one of the best performing airlines in 2023, more than doubling its value in just 5 months, as demand for flights continues to increase while the airline is also working on fleet-modernization.12. Emirates AirlineTotal net profit / (loss) (in millions): $89Owned by the United Arab Emirates, Emirates Airline is one of the most luxurious airlines in the world. In 2022, the airline engaged in a major row with Heathrow Airport after the latter set a limit of 100,000 passengers per day after being unable to deal with higher numbers during summer.11. Air France KLMTotal net profit / (loss) (in millions): $112Air France KLM owns the flagship carriers of France and the Netherlands, and according to Simply Wall Street, low returns on capital for the company are likely to signify troubling times ahead.10. American Airlines Group Inc. (NASDAQ:AAL)Total net profit / (loss) (in millions): $127American Airlines Group Inc. (NASDAQ:AAL), one of the biggest airlines in the U.S. and the world, was recently forced to end its partnership in the Northeast with JetBlue, though it was given more time by the judge to carry out the same. In the current year, American Airlines Group Inc. (NASDAQ:AAL) has gained 25% in share price already.9. China AirlinesTotal net profit / (loss) (in millions): $400China Airlines, the state-owned flag carrier of Taiwan, has unveiled new international flight routes which should add to its profitability.9. EVA AirwaysTotal net profit / (loss) (in millions): $400The Taiwan based airline is generally not counted among the largest airlines in the world, but in terms of profitability, its right up there, with only one loss making year in 2020.8. Southwest Airlines Co. (NYSE:LUV)Total net profit / (loss) (in millions): $539Southwest Airlines Co. (NYSE:LUV), considered to be the biggest low-cost airline in the world, is also among the most profitable airline companies globally. One concern faced by Southwest Airlines Co. (NYSE:LUV), shared by other airlines, is the lack of airplanes as both Boeing and Airbus, two of the largest aircraft producers, fail to keep up with demand.7. United Airlines Holdings, Inc. (NASDAQ:UAL)Total net profit / (loss) (in millions): $737There are several American airlines among the most profitable airlines in the world, including United Airlines Holdings, Inc. (NASDAQ:UAL). United Airlines Holdings, Inc. (NASDAQ:UAL) recently became the front-of-shirt sponsor of Wrexham AFC, the football club purchased by Hollywood stars Ryan Reynolds and Rob McElhenney which earned a fairytale promotion in 2023.6. LufthansaTotal net profit / (loss) (in millions): $854The largest airline in Germany and its flagship carrier, recently agreed to purchase 41% of ITA Airways, Italy's premier carrier. Currently, Lufthansa's flights are at 70% of their pre-pandemic level.Click to continue reading and see the top 5 most profitable airlines in the world.Suggested articles:NATO Military Spending by Country: Top 20 Countries15 Largest Aluminum Producing Countries In The WorldTop 20 Countries with Highest Water ConsumptionDisclosure: None. Top 20 most profitable airlines in the world is originally published at Insider Monkey.

Insider Monkey

Top 20 Most Profitable Airlines in the World

https://finance.yahoo.com/news/top-20-most-profitable-airlines-141424802.html

a54b5a99-8be7-3b71-804e-e1d22d7c226f

AAL

American Airlines Group shows improving price performance, earning an upgrade to its IBD Relative Strength RatingContinue reading

Investor's Business Daily

American Airlines Stock Shows Rising RS; Just Shy Of Key Benchmark

https://finance.yahoo.com/m/4c0d4a76-bc01-3b51-88b6-90e1c17a9565/american-airlines-stock-shows.html

4c0d4a76-bc01-3b51-88b6-90e1c17a9565

AAL

Tesla stock (TSLA) and Apple stock (AAPL) aren't the only big names lighting up the market right now — get a look at the take-off in shares of the major airlines as the summer travel season heats up.Delta Air Lines stock (DAL) closed in on its 13th straight day of gains on Tuesday, rising above 2% in midday trading. The stock has climbed more than 23% in the past month, according to Yahoo Finance data. United Airlines (UAL) is the second top performer in the last month, up 17%.JetBlue (JBLU) and American Airlines (AAL) are up roughly 15% in the past month. Southwest (LUV) is tailing behind in the airline rally with a still respectable one-month gain of 12%.There are likely two factors behind the airline stock propulsion.First, is the raw demand to travel at the moment — which appears to have been strong for Memorial Day weekend and now into July 4.MADRID, SPAIN - 2023/06/10: An Airbus A319 of Iberia comercial flight flies over the skyscrapers of Madrid's skyline, known as the "Four Towers Business Area", after departing from Adolfo Suarez Madrid Barajas Airport. (Photo by Marcos del Mazo/LightRocket via Getty Images)"I was just looking at some July 4 data," Marriott International (MAR) CEO Anthony Capuano told Yahoo Finance Live (video above) in an interview last week. "Revenue per available room is up about 10%. Forward bookings through the end of the year look particularly strong."The bullish outlook was echoed by Marriott's long-time rival, Hilton (HLT)."Demand is strong across the board, I don't care where you are in the world," Hilton CFO Kevin Jacobs said on Yahoo Finance Live. "We don't have months and months of visibility in our business, but from what we can see it's going to be another strong summer."Flight searches are up 25% overall for June through August compared to the same time last year, per data from travel booking portal Expedia (EXPE). Interest is up by triple digits for more expensive trips to international destinations across Europe and Asia.The aforementioned American Airlines recently lifted its second quarter outlook, citing continued strong demand and lower fuel costs."We're seeing a ton of demand," Expedia CEO Peter Kern told Yahoo Finance.Story continuesA business jet is refuelled using Jet A fuel at the Henderson Executive Airport during the National Business Aviation Association (NBAA) exhibition in Las Vegas, Nevada, U.S. October 21, 2019. REUTERS/David BeckerThe second factor at play is the plunge in jet fuel prices.Jet fuel prices have dropped about 38% since mid-January, according to IATA data."Airline financial performance in 2023 is beating expectations," Willie Walsh, IATA’s director general, said in a statement. "Stronger profitability is supported by several positive developments. China lifted COVID-19 restrictions earlier in the year than anticipated. Cargo revenues remain above pre-pandemic levels even though volumes have not. And, on the cost side, there is some relief. Jet fuel prices, although still high, have moderated over the first half of the year."To that end, the IATA updated its 2023 industry-wide net profit outlook this month to $9.8 billion versus its $4.7 billion forecast in December.Coupled with strong demand signals, Wall Street seems to be betting on strong profits for the airlines in the third quarter. And potentially, strong holiday travel outlooks.As for Apple and Tesla...shares are up 7% and 53%, respectively in the last month.Not too shabby, either.Brian Sozzi is Yahoo Finance's Executive Editor. Follow Sozzi on Twitter @BrianSozzi and on LinkedIn. Tips on the banking crisis? Email brian.sozzi@yahoofinance.comClick here for the latest stock market news and in-depth analysis, including events that move stocksRead the latest financial and business news from Yahoo Finance

Yahoo Finance

Tesla and Apple aren't the only stocks on a sizzling run — check out airline stocks

https://finance.yahoo.com/news/tesla-and-apple-arent-the-only-stocks-on-a-sizzling-run--check-out-airline-stocks-160903459.html

e0557554-0191-4cbd-a113-c7196d71efe0

AAL

More AAdvantage elite members will now qualify for free upgrades, even when flying on an award ticket. Find out more about this new elite status perk.Continue reading

Motley Fool

More American Airlines AAdvantage Elite Members Will Be Eligible for Complimentary Upgrades on Award Flights

https://finance.yahoo.com/m/18da51ed-d07c-39c3-88e6-352a6db09fb0/more-american-airlines.html

18da51ed-d07c-39c3-88e6-352a6db09fb0

AAL

American Airlines flyers purchasing basic economy tickets will no longer get a free checked bag on transoceanic routes. Find out what fees you'll pay.Continue reading

Motley Fool

American Airlines Is Now Hitting Some Flyers With Checked Bag Fees

https://finance.yahoo.com/m/ad25b3b0-5c74-399b-ada3-b5f657b6685f/american-airlines-is-now.html

ad25b3b0-5c74-399b-ada3-b5f657b6685f

AAL

American Airlines has big plans for Charlotte. This summer, Charlotte, N.C., is set to become American Airlines second largest hub, with a projected 600 daily flights. Instead, it recently broke ground on a new, 10,000-foot runway, which will be American's fourth in the Charlotte-Douglas International Airport.Continue reading

TheStreet.com

American Airlines Plans Major Expansion in This Important Market

https://finance.yahoo.com/m/fc839349-431e-3ab8-b606-d5a6fdfecdef/american-airlines-plans-major.html

fc839349-431e-3ab8-b606-d5a6fdfecdef

AAL

Taking full advantage of the stock market and investing with confidence are common goals for new and old investors alike.Many investors also have a go-to methodology that helps guide their buy and sell decisions. One way to find winning stocks based on your preferred way of investing is to use the Zacks Style Scores, which are indicators that rate stocks based on three widely-followed investing types: value, growth, and momentum.Is This 1 Momentum Stock a Screaming Buy Right Now?Different than value or growth investors, momentum-oriented investors live by the saying "the trend is your friend." This investing style is all about taking advantage of upward or downward trends in a stock's price or earnings outlook. Employing factors like one-week price change and the monthly percentage change in earnings estimates, the Momentum Style Score can indicate favorable times to build a position in high-momentum stocks.American Airlines (AAL)American Airlines Group Inc. was formed following the December 2013 merger between AMR (American Airlines' parent group, which was founded in 1934) and U.S. Airways. The merger, which occurred after a bankruptcy filing by American Airlines, resulted in the formation of the largest airline internationally. Interestingly, the carrier has been making substantial profits ever since the merger took place. American Airlines Group is headquartered in Fort Worth, TX.AAL is a Zacks Rank #3 (Hold) stock, with a Momentum Style Score of B and VGM Score of A. Shares are up 9.4% over the past one week and up 11.3% over the past four weeks. AAL has gained 24.6% in the last one-year period as well. Looking at trading volume, an average of 22,295,428 shares exchanged hands over the last 20 trading days.A company's earnings performance is important for momentum investors as well. For fiscal 2023, eight analysts revised their earnings estimate higher in the last 60 days for AAL, while the Zacks Consensus Estimate has increased $0.34 to $2.82 per share. AAL also boasts an average earnings surprise of 12.9%.Story continuesInvestors should take the time to consider AAL for their portfolios due to its solid Zacks Ranks, notable earnings metrics, and impressive Momentum and VGM Style Scores.Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free reportAmerican Airlines Group Inc. (AAL) : Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment Research

Zacks

Are You a Momentum Investor? This 1 Stock Could Be the Perfect Pick

https://finance.yahoo.com/news/momentum-investor-1-stock-could-135004192.html

c6765995-3391-3212-ae88-41cda3f17d02

AAL

Some fliers use travel hacks to save money on airfare. But one popular practice called skiplagging could result in costly consequences. Find out more.Continue reading

Motley Fool

Why This Popular Air Travel Hack Can Actually Cost You Money

https://finance.yahoo.com/m/931e3017-8dec-36f2-a568-5c8ee9c69a8b/why-this-popular-air-travel.html

931e3017-8dec-36f2-a568-5c8ee9c69a8b

AAL

In this article, we discuss the 20 best airlines in the world in 2023. If you want to skip our detailed analysis of the airline industry and skip to the top 5 airlines, check out 5 Best Airlines in the World in 2023. We previously reported that according to the International Air Transport Association (IATA), 2023 is the year that the airline industry will see its net profits doubling to approximately $10 billion, while operating profits surpass $22.4 billion. It is forecasted that more than 4.35 billion passengers will board flights in 2023, which is close to the 2019 levels, when 4.54 billion flew throughout the year. Revenues are also projected to exceed $800 billion this year, which suggests a solid recovery in the airline industry. IATA ascribes this strong performance to China lifting its COVID-zero policies, high cargo revenues despite the volume remaining lower than pre-pandemic levels, and moderating jet fuel prices. A KPMG report suggests that the global airline industry plummeted by $140 billion in 2020, recorded a $42 billion loss in 2021, and the loss for 2022 came in at $6.9 billion. The pandemic had a devastating impact on travel and leisure activities, but the airline industry is set to return to profitability next year. According to the International Civil Aviation Organization (ICAO), the number of air passengers in 2022 rose about 47% compared to the prior year, and revenue passenger kilometers climbed by 70% during the same time. ICAO attributed this recovery in the industry to robust international travel. ICAO also noted growth of about 50% in the annual passenger revenues of airlines from 2021 to 2022, while keeping the yield and exchange rates aligned with 2019 levels. Another solid signal of recovery in the airline industry was the growing number of aircraft orders and deliveries by Airbus and Boeing. In 2022, these aircraft manufacturers received 53% more orders and delivered 20% more aircrafts as compared to 2021. The aircraft orders in 2022 surpassed 2019 levels. ICAO Council President Salvatore Sciacchitano commented: Story continues“Assuring the safe, secure, and sustainable recovery of air services will be key to restoring aviation’s ability to act as a catalyst for sustainable development at the local, national and global levels, and will consequently be vital to countries’ recovery from the broader impacts of the COVID-19 pandemic.”Don't Miss: Top 20 Most Profitable Airlines in the WorldAnother development in the airline industry is the introduction of electric air taxis. Commercial airlines are looking to invest in electric air taxis, as they will make trips to airports quicker for passengers and will potentially reduce wait times at the airports as a result. For example, CNBC reported that in October 2022, Delta Air Lines, Inc. (NYSE:DAL) invested $60 million in Joby Aviation, Inc. (NYSE:JOBY), a company that manufactures electric vertical takeoff and landing aircraft (eVTOLs), which will operate as air taxis. This investment resulted in a five-year partnership between the companies, where Joby’s eVTOLs will operate solely in Delta’s network. Similarly, United Airlines Holdings, Inc. (NASDAQ:UAL) partnered with Heart Aerospace, a Swedish startup, to get electric aircrafts running by 2030. United Airlines has two prior investments in eVTOLs – one for $15 million with Eve Air Mobility, which will supply 200 aircrafts, and another with Archer Aviation Inc. (NYSE:ACHR) worth $10 million for 100 aircrafts. Additionally, American Airlines Group Inc. (NASDAQ:AAL) also invested $25 million in Vertical Aerospace, a UK-based manufacturer of eVTOLs. American Airlines placed an order for 50 aircrafts. Savanthi Syth, the managing director of equity research at Raymond James who covers global airlines and mobility, noted that these agreements between airlines and eVTOL manufacturers are not concrete and depend largely on regulations and the ability of companies to produce them. Syth commented: “We think that you’ll see small amounts of [eVTOL] operations starting in the 2025 timeframe, with certifications hopefully happening in 2024. But for you to see a lot of aircraft flying overhead, it’s probably going to be more likely into the 2030s.”In the constantly evolving airline industry, there are too many options for passengers to choose from. Most individuals prefer airlines with the best safety, reliability, service, and quality ratings to ensure a smooth journey, so they are keen to check airline ratings from best to worst before making a decision. While some of the best airline stocks include Southwest Airlines Co. (NYSE:LUV), Delta Air Lines, Inc. (NYSE:DAL), and United Airlines Holdings, Inc. (NASDAQ:UAL), in this article we discuss the top 20 airlines in the world. Our Methodology For this article, we selected the top rated airlines by AirlineRatings.com and Skytrax World Airline Awards. As of June 15, 2023, Skytrax Awards had the latest airline ranking data for 2022. So we chose the 2022 data from both sources and came up with an average ranking method for our list. We chose an average ranking method since the criteria that the airlines are assessed on is fairly subjective, and averaging out the scores by these two organizations usually produces a better outcome. AirlineRatings.com and Skytrax World Airline Awards rank airlines based on safety records, on-time performance, comfort and amenities, quality of service, frequent flyer programs and loyalty rewards, international network and routes, environmental and sustainability initiatives, and price competitiveness, among others. 20 Best Airlines in the World in 2023Mikhail Starodubov/Shutterstock.comBest Airlines in the World in 202320. Hawaiian AirlinesInsider Monkey’s Average Ranking: 20Hawaiian Airlines is the biggest provider of commercial flights to and from the U.S. state of Hawaii. The airline has its primary hub at Daniel K. Inouye International Airport on Oʻahu and a secondary hub at Kahului Airport on Maui. Hawaiian Airlines was incorporated on January 30, 1929 and it is the longest running airline in Hawaii. It is one of the best airlines in the world, ranking 20th on our list. While Southwest Airlines Co. (NYSE:LUV), Delta Air Lines, Inc. (NYSE:DAL), and United Airlines Holdings, Inc. (NASDAQ:UAL) are some of the top airline stocks preferred by hedge funds, their airlines are yet to feature on our list of 20 best airlines. 19. Alaska Air Group, Inc. (NYSE:ALK)Insider Monkey’s Average Ranking: 19Alaska Airlines is a major US carrier based in SeaTac, Washington. The primary hub of Alaska Airlines is at Seattle–Tacoma International Airport. On April 20, Alaska Air Group, Inc. (NYSE:ALK) reported a revenue of $2,196 million for Q1 2023, up 30.7% year-over-year and beating market estimates by $6 million. The company expects double-digit adjusted pre-tax margin in the second quarter of 2023. Alaska Airlines is one of the top airlines in the world. 18. JetBlue Airways Corporation (NASDAQ:JBLU) Insider Monkey’s Average Ranking: 18JetBlue is a low cost American airline headquartered in Long Island City, New York. On April 25, JetBlue Airways Corporation (NASDAQ:JBLU) reported a Q1 non-GAAP EPS of -$0.34 and a revenue of $2.33 billion, topping Wall Street consensus by $0.04 and $10 million, respectively. Revenue for the first quarter increased approximately 34% compared to the prior-year quarter. JetBlue Airways Corporation (NASDAQ:JBLU) expects a profitable second quarter, on the back of robust demand and ongoing momentum from its commercial activities. JetBlue is one of the best airlines in the world. 17. Virgin AustraliaInsider Monkey’s Average Ranking: 17Virgin Australia is an Australian airline that operates under the Virgin Group, which was established by Sir Richard Branson in 1970. Virgin Australia received an award for the Best Cabin Crew for the fifth year in a row by AirlineRatings’ Airline Excellence Awards in 2023. Virgin Australia ranks 17th on our list of the 20 best airlines in the world. 16. FinnairInsider Monkey’s Average Ranking: 16Finnair is the largest airline in Finland, in addition to being the country’s flag carrier. Finnair, owned majorly by the government of Finland, is a member of the Oneworld airline alliance. 2023 marks the 100th year that Finnair has been in operation. The airline now has a global network, making it one of the best airlines in the world. 15. Air New ZealandInsider Monkey’s Average Ranking: 15Air New Zealand is an Auckland-based airline which serves as the flag carrier of New Zealand. Since 1999, Air New Zealand has been a member of the Star Alliance. Before COVID-19, the airline flew more than 17 million passengers per year, averaging at 3,400 flights per week. Air New Zealand's airplanes range in size from the Bombardier Q300 to the Boeing 777-300ER. It is one of the best airlines in the world. 14. British AirwaysInsider Monkey’s Average Ranking: 14British Airways is a London-based airline that is the flag carrier of the United Kingdom. It is a founding member of the Oneworld airline alliance and British Airways has been operating for more than 100 years. British Airways initiated four projects in the field of aviation decarbonization in 2021, meant to achieve the industry's goal of net zero carbon emissions by 2050. These projects were selected as recipients for government funding. British Airways ranks 14th on our list of the 20 best airlines in the world. 13. Virgin AtlanticInsider Monkey’s Average Ranking: 13Founded in 1984, Virgin Atlantic is a British airline with its hubs at London Heathrow and Manchester Airport. On March 2, 2023, Virgin Atlantic joined the SkyTeam airline alliance. It operates under the Virgin Group banner, and in 2022, Virgin Atlantic generated £2.9 billion in total revenue during 2022, which represents a 98% recovery as compared to the revenue earned in 2019.12. Cathay Pacific AirwaysInsider Monkey’s Average Ranking: 12Cathay Pacific Airways is the flag carrier of Hong Kong, with its main hub located at Hong Kong International Airport. It is one of the founding members of Oneworld alliance. The airline is committed to achieve net-zero carbon emissions by 2050. Cathay Pacific Airways is one of the best airlines in the world. 11. Air France-KLMInsider Monkey’s Average Ranking: 11Ranking 11th on our list of the best airlines in the world is Air France-KLM, which is the flag carrier of France. Air France-KLM is a founding member of the SkyTeam global airline alliance. The airline transported 83 million passengers in 2022, serving in 120 countries. Air France-KLM aims to reduce carbon dioxide emissions by 30% in 2030, as compared to 2019 levels. 10. EVA AirInsider Monkey’s Average Ranking: 10EVA Air is one of the biggest Taiwanese airlines that operates domestic and international flights, with its primary hub located at Taoyuan International Airport near Taipei, Taiwan. In 1991, EVA Air was one of the first carriers to introduce the Premium Economy class. The airline is also a member of the Star Alliance. EVA Air ranks 10th on our list of the best airlines in the world. 9. EmiratesInsider Monkey’s Average Ranking: 9Emirates is one of the flag carriers for the United Arab Emirates. It is a major airline in the Middle East, and its primary hub is located at Terminal 3 of Dubai International Airport. Emirates carried 15.8 million passengers in 2020 and remained the largest airline in the world during the peak pandemic era. It is classified as one of the best airlines in the world. 8. Japan AirlinesInsider Monkey’s Average Ranking: 8Japan Airlines is Japan's flag carrier and the biggest airline in the country. It has four main hubs – Tokyo's Narita International Airport and Haneda Airport, and Osaka's Kansai International Airport and Itami Airport. In FY 2021, Japan Airlines had a total revenue of 682.7 billion yen, of which 68.7 billion yen was attributed to international passengers. 7. Turkish AirlinesInsider Monkey’s Average Ranking: 7Turkish Airlines is the flag carrier of Turkey and a member of the Star Alliance network. 2023 marks the 90th year that Turkish Airlines has been operational, flying across 120 countries with a fleet of 419 aircrafts. It is one of the best airlines in the world, winning the Skytrax award for ‘Best Airline in Europe’ in 2022. 6. Etihad AirwaysInsider Monkey’s Average Ranking: 6Etihad Airways ranks 6th on our list of the best airlines in the world. It is one of the two major airlines from the United Arab Emirates, with Abu Dhabi International Airport being its primary hub. The airline flies to passenger and cargo destinations in the Middle East, Africa, Europe, Asia, Australia, and North America. As of June 2022, Etihad Airways serves 71 passenger and cargo destinations in 45 countries, with the airline having transported more than 4 million passengers. Southwest Airlines Co. (NYSE:LUV), Delta Air Lines, Inc. (NYSE:DAL), and United Airlines Holdings, Inc. (NASDAQ:UAL) operate some well known domestic and international routes, but they don’t yet feature on our best airlines list like Etihad Airways.Click to continue reading and see 5 Best Airlines in the World in 2023.  Suggested articles:Top 20 Countries with the Highest Meat Consumption20 Cities With the Biggest Housing ShortageTop 20 Human Trafficking Cities in the US Disclosure: None. 20 Best Airlines in the World in 2023 is originally published on Insider Monkey.

Insider Monkey

20 Best Airlines in the World in 2023

https://finance.yahoo.com/news/20-best-airlines-world-2023-161149819.html

f224a16c-46fc-3bbd-b4b1-d96ac85281d9

AAL

Two factors often determine stock prices in the long run: earnings and interest rates. Investors can't control the latter, but they can focus on a company's earnings results every quarter.We know earnings results are vital, but how a company performs compared to bottom line expectations can be even more important when it comes to stock prices, especially in the near-term. This means that investors might want to take advantage of these earnings surprises.2 Stocks to Add to Your WatchlistThe Zacks Earnings ESP is more formally known as the Expected Surprise Prediction, and it aims to grab the inside track on the latest analyst estimate revisions ahead of a company's report. The idea is relatively intuitive as a newer projection might be based on more complete information. The ESP is calculated by comparing the Most Accurate Estimate to the Zacks Consensus Estimate, with the percentage difference between the two giving us the Zacks ESP figure.The last thing we will do today, now that we have a grasp on the ESP and how powerful of a tool it can be, is to look at a qualifying stock. United Airlines (UAL) holds a Zacks Rank #3 at the moment and its Most Accurate Estimate comes in at $4.04 a share 30 days away from its upcoming earnings release on July 19, 2023.United Airlines' Earnings ESP sits at 7.3%, which, as explained above, is calculated by taking the percentage difference between the $4.04 Most Accurate Estimate and the Zacks Consensus Estimate of $3.77.UAL is part of a big group of Transportation stocks that boast a positive ESP, and investors may want to take a look at American Airlines (AAL) as well.American Airlines, which is readying to report earnings on July 20, 2023, sits at a Zacks Rank #3 (Hold) right now. It's Most Accurate Estimate is currently $1.54 a share, and AAL is 31 days out from its next earnings report.American Airlines' Earnings ESP figure currently stands at 6.14% after taking the percentage difference between its Most Accurate Estimate and its Zacks Consensus Estimate of $1.46.Story continuesUAL and AAL's positive ESP metrics may signal that a positive earnings surprise for both stocks is on the horizon.Find Stocks to Buy or Sell Before They're ReportedUse the Zacks Earnings ESP Filter to turn up stocks with the highest probability of positively, or negatively, surprising to buy or sell before they're reported for profitable earnings season trading. Check it out here >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free reportUnited Airlines Holdings Inc (UAL) : Free Stock Analysis ReportAmerican Airlines Group Inc. (AAL) : Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment Research

Zacks

These 2 Transportation Stocks Could Beat Earnings: Why They Should Be on Your Radar

https://finance.yahoo.com/news/2-transportation-stocks-could-beat-130007795.html

39bd0466-ba78-346e-86a4-75d4d40b8cb0

AAL

Alaska Airlines passengers are also getting in on this surprise in-flight benefit while Southwest Airlines passengers are not.Continue reading

TheStreet.com

American, Delta, and United Airlines Customers Get Surprise Gift

https://finance.yahoo.com/m/45118700-e4e1-329c-a3fe-f672f250140e/american-delta-and-united.html

45118700-e4e1-329c-a3fe-f672f250140e

AAL

By Gabriel AraujoPARIS (Reuters) -Brazilian planemaker Embraer on Tuesday notched fresh orders from American Airlines and Spanish carrier Binter for its E-Jets in deals announced at the Paris Airshow that are seen totaling about $1 billion.The new firm orders come amid an influx of deals at the world's largest air show, which is at Le Bourget for the first time in four years and took off on Monday with Airbus bagging a record 500-plane transaction.Embraer, the world's third-largest planemaker after Airbus and Boeing, said the new orders follow expansion goals of regional carriers such as Binter and Canada's Porter Airlines, underscoring positive momentum for its planes in global markets.Despite the new deals, shares of Embraer slipped more than 4% in midday trading in Sao Paulo, making it the biggest faller on the benchmark Bovespa stock index, as analysts at JPMorgan said the firm had a "slow start" in Paris."We were expecting Embraer to announce at least 30 new orders during the event," they said. "We believe that additional new orders could be announced in the coming days, as in the last Paris Air Show Embraer divided its announcements into 3 days."Binter has placed a firm order for six E195-E2 aircraft, marking its fourth order of E2 jets to bring its fleet to 16 when delivered. The deal was valued at $504.7 million at list price, with deliveries commencing in the second half of 2024.The carrier's president Rodolfo Nunez touted the aircraft as "a game changer" for the company and "the perfect aircraft to lead our continued growth", citing better-than-expected fuel burn and maintenance."The best orders are repeat orders," Embraer's Chief Commercial Officer for commercial aviation Martyn Holmes said.That also applies for American Airlines which ordered seven E175 planes for its Envoy Air subsidiary, whose fleet of E-Jets will grow to over 141 aircraft by the end of 2024 after the new $403.4 million deal.Story continuesLeasing firm Avolon meanwhile signed a sale and leaseback agreement with Porter, already an Embraer customer, for 10 new E195-E2s in a transaction priced at $841.2 million, according to Embraer.That is "another sign that the momentum the E2 is enjoying in the market is set to continue", Holmes said.The Brazilian company expects its commercial aircraft unit to deliver from 65 to 70 jets this year, up from 57 in 2022, and had previously said sales were also enjoying strong performance as travel rebounds post-pandemic.The firm has restored its backlog to pre-2020 levels and is working to achieve 100 commercial deliveries a year within 3-4 years.(Reporting by Gabriel Araujo in Sao Paulo; Editing by Steven Grattan, Jan Harvey, Alexandra Hudson)

Reuters

Embraer bags fresh Binter, American Airlines orders for E-Jets

https://finance.yahoo.com/news/embraer-bags-fresh-binter-american-125430729.html

225cd6c5-6398-3306-9634-5b7a4eb2fb3e

AAL

Two factors often determine stock prices in the long run: earnings and interest rates. Investors can't control the latter, but they can focus on a company's earnings results every quarter.Life and the stock market are both about expectations, and rising above what is expected is often rewarded, while falling short can come with negative consequences. Investors might want to try to capture stronger returns by finding positive earnings surprises.2 Stocks to Add to Your WatchlistThe Zacks Earnings ESP is more formally known as the Expected Surprise Prediction, and it aims to grab the inside track on the latest analyst estimate revisions ahead of a company's report. The idea is relatively intuitive as a newer projection might be based on more complete information. The ESP is calculated by comparing the Most Accurate Estimate to the Zacks Consensus Estimate, with the percentage difference between the two giving us the Zacks ESP figure.The last thing we will do today, now that we have a grasp on the ESP and how powerful of a tool it can be, is to look at a qualifying stock. American Airlines (AAL) holds a Zacks Rank #3 at the moment and its Most Accurate Estimate comes in at $1.54 a share 30 days away from its upcoming earnings release on July 20, 2023.American Airlines' Earnings ESP sits at 6.14%, which, as explained above, is calculated by taking the percentage difference between the $1.54 Most Accurate Estimate and the Zacks Consensus Estimate of $1.46.AAL is just one of a large group of Transportation stocks with a positive ESP figure. Copa Holdings (CPA) is another qualifying stock you may want to consider.Copa Holdings, which is readying to report earnings on August 2, 2023, sits at a Zacks Rank #1 (Strong Buy) right now. It's Most Accurate Estimate is currently $3.08 a share, and CPA is 43 days out from its next earnings report.For Copa Holdings, the percentage difference between its Most Accurate Estimate and its Zacks Consensus Estimate of $3.08 is 0.07%.Story continuesAAL and CPA's positive ESP figures tell us that both stocks have a good chance at beating analyst expectations in their next earnings report.Find Stocks to Buy or Sell Before They're ReportedUse the Zacks Earnings ESP Filter to turn up stocks with the highest probability of positively, or negatively, surprising to buy or sell before they're reported for profitable earnings season trading. Check it out here >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free reportAmerican Airlines Group Inc. (AAL) : Free Stock Analysis ReportCopa Holdings, S.A. (CPA) : Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment Research

Zacks

How to Boost Your Portfolio with Top Transportation Stocks Set to Beat Earnings

https://finance.yahoo.com/news/boost-portfolio-top-transportation-stocks-130005356.html

eea82300-f264-324b-b616-464ff298b445

AAL

American Airlines Group Inc. (AAL) reached a significant support level, and could be a good pick for investors from a technical perspective. Recently, AAL's 50-day simple moving average broke out above its 200-day moving average; this is known as a "golden cross."A golden cross is a technical chart pattern that can signify a potential bullish breakout. It's formed from a crossover involving a security's short-term moving average breaking above a longer-term moving average, with the most common moving averages being the 50-day and the 200-day, since bigger time periods tend to form stronger breakouts.Golden crosses have three key stages that investors look out for. It starts with a downtrend in a stock's price that eventually bottoms out, followed by the stock's shorter moving average crossing over its longer moving average and triggering a trend reversal. The final stage is when a stock continues the upward climb to higher prices.A golden cross contrasts with a death cross, another widely-followed chart pattern that suggests bearish momentum could be on the horizon.AAL could be on the verge of a breakout after moving 18.1% higher over the last four weeks. Plus, the company is currently a #3 (Hold) on the Zacks Rank.The bullish case only gets stronger once investors take into account AAL's positive earnings outlook for the current quarter. There have been 8 upwards revisions compared to none lower over the past 60 days, and the Zacks Consensus Estimate has moved up as well.Investors should think about putting AAL on their watchlist given the ultra-important technical indicator and positive move in earnings estimates.Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free reportAmerican Airlines Group Inc. (AAL) : Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment Research

Zacks

Should You Buy American Airlines (AAL) After Golden Cross?

https://finance.yahoo.com/news/buy-american-airlines-aal-golden-135503276.html

8032101d-66e8-334b-94b8-c4eec37fdbcf

AAL

American Airlines (AAL) closed at $16.36 in the latest trading session, marking a +0.37% move from the prior day. This move traded in line with S&P 500. Meanwhile, the Dow lost 0.01%, and the Nasdaq, a tech-heavy index, lost 1.26%.Coming into today, shares of the world's largest airline had gained 18.12% in the past month. In that same time, the Transportation sector gained 2.99%, while the S&P 500 gained 4.31%.Investors will be hoping for strength from American Airlines as it approaches its next earnings release. The company is expected to report EPS of $1.46, up 92.11% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $13.73 billion, up 2.32% from the prior-year quarter.Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $2.80 per share and revenue of $52.95 billion. These totals would mark changes of +460% and +8.13%, respectively, from last year.Investors should also note any recent changes to analyst estimates for American Airlines. Recent revisions tend to reflect the latest near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.Based on our research, we believe these estimate revisions are directly related to near-team stock moves. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 6.11% higher within the past month. American Airlines currently has a Zacks Rank of #3 (Hold).Valuation is also important, so investors should note that American Airlines has a Forward P/E ratio of 5.83 right now. This valuation marks a discount compared to its industry's average Forward P/E of 10.54.Story continuesThe Transportation - Airline industry is part of the Transportation sector. This group has a Zacks Industry Rank of 42, putting it in the top 17% of all 250+ industries.The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free reportAmerican Airlines Group Inc. (AAL) : Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment Research

Zacks

American Airlines (AAL) Stock Moves 0.37%: What You Should Know

https://finance.yahoo.com/news/american-airlines-aal-stock-moves-215024014.html

69c9a935-48db-3153-a476-18e6f9f8b1f2

AAL

By Mike ScarcellaJune 26 (Reuters) - Law firm O'Melveny & Myers has asked a Manhattan federal judge to award more than $139 million in legal fees to American Airlines after its $1 trial victory in a case accusing flight booking company Sabre of anticompetitive practices.O'Melveny attorneys said in a filing on Friday that the court win last year "was the culmination of a risky, hard-fought, decade-long battle." Neither side appealed the verdict.The amount O'Melveny is seeking pertains to more than a decade of litigation for then-client US Airways, which merged with American Airlines in 2013.American Airlines had sought more than $1 billion in damages in its suit accusing Sabre of harming competition in the flight-booking market and charging excessive fees.Sabre and its lawyers at Skadden, Arps, Slate, Meagher & Flom have denied the allegations.Earlier this month, Sabre lost its bid to block O'Melveny from seeking any fees at all. Sabre had argued American Airlines was not entitled to millions of dollars in legal fees after winning $1 in nominal damages.The amount American Airlines' lawyers are seeking was revealed for the first time publicly in Friday's court filing.Sabre is the country's largest owner and operator of a network that travel agents use to search and book flights listed by the airlines.A spokesperson for Southlake, Texas-based Sabre on Monday declined to comment.A spokesperson for Fort Worth, Texas-based American Airlines referred to its filings and declined to otherwise comment.Sabre is expected to argue that American Airlines did not win on all of its claims and therefore should not be awarded all of its legal fees since 2011.In its filing, American Airlines' lawyers said the lawsuit's claims were "inextricably intertwined." The attorneys also defended the reasonableness of their hourly rates.The trial last year was the second in the litigation.American Airlines in December 2016 won about $15.3 million at trial where claims over damages were restricted. A subsequent appeals court decision opened a door to the second trial, where American Airlines argued for lost profit and other damages.Story continuesO'Melveny, which employs some 800 lawyers, last year recorded revenue of more than $1 billion for the first time, according to legal industry publication The American Lawyer.The case is US Airways Inc v. Sabre Holdings Corp, U.S. District Court for the Southern District of New York, No 1:11-cv-02725-LGS.For plaintiff: Andrew Frackman of O'Melveny & Myers, and Paul Yetter of Yetter ColemanFor defendant: Boris Bershteyn and Steven Sunshine of Skadden, Arps, Slate, Meagher & FlomRead more:Plaintiffs lawyers in Facebook data privacy case seek $181 million in feesQuinn Emanuel slams 'fishing expedition' in dispute over $185 million fee awardCSX Transportation, after its antitrust lawsuit fizzles, faces rivals' bid for legal fees (Reporting by Mike Scarcella; editing by Leigh Jones)

Reuters

After $1 American Airlines antitrust win, O'Melveny wants $139 million in legal fees

https://finance.yahoo.com/news/1-american-airlines-antitrust-win-165005487.html

a9764347-3ae8-30d9-90d1-45256d424c56

AAL

Airline stocks are rallying Tuesday after Delta Airlines boosted its financial outlook for 2023. Delta said it expects to earn an operating profit margin on the high end of a previously announced range of 10% to 12%. Delta expects improvement in all of those metrics next year.Continue reading

The Wall Street Journal

Delta and Other Airline Stocks Are Flying Higher on a Strong Profit Outlook

https://finance.yahoo.com/m/77f17e7e-3533-3acb-bc19-e06e7a499efb/delta-and-other-airline.html

77f17e7e-3533-3acb-bc19-e06e7a499efb

AAL

DAL stock rose Tuesday after Delta Air Lines raised its 2023 outlook, reiterated 2024 targets. Rivals United, American Airlines eye buy points.Continue reading

Investor's Business Daily

DAL Stock: Delta Air Lines Raises 2023 Guidance, Reiterates 2024 Outlook; United Airlines Surpasses Buy Point

https://finance.yahoo.com/m/b2eab02c-4dbf-381c-b440-3531aa3171a3/dal-stock-delta-air-lines.html

b2eab02c-4dbf-381c-b440-3531aa3171a3

AAL

Hawaiian Holdings (HA) shares ended the last trading session 19.1% higher at $10.25. The jump came on an impressive volume with a higher-than-average number of shares changing hands in the session. This compares to the stock's 7.2% gain over the past four weeks.The uptick in HA's stockprice was owing to Delta Air Lines' DAL bullish projections for the second quarter as well as full-year 2023. The upbeat projections were attributable to the buoyant air-travel demand scenario. Delta's bullish views had a positive impact on the entire airline industryThis parent company of Hawaiian Airlines is expected to post quarterly loss of $0.62 per share in its upcoming report, which represents a year-over-year change of +31.1%. Revenues are expected to be $703.36 million, up 1.7% from the year-ago quarter.While earnings and revenue growth expectations are important in evaluating the potential strength in a stock, empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.For Hawaiian Holdings, the consensus EPS estimate for the quarter has been revised 15.1% higher over the last 30 days to the current level. And a positive trend in earnings estimate revision usually translates into price appreciation. So, make sure to keep an eye on HA going forward to see if this recent jump can turn into more strength down the road.The stock currently carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>Hawaiian Holdings is part of the Zacks Transportation - Airline industry. American Airlines (AAL), another stock in the same industry, closed the last trading session 5.5% higher at $17.35. AAL has returned 14.6% in the past month.For American Airlines , the consensus EPS estimate for the upcoming report has changed +20.5% over the past month to $1.48. This represents a change of +94.7% from what the company reported a year ago. American Airlines currently has a Zacks Rank of #3 (Hold).Story continuesWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free reportHawaiian Holdings, Inc. (HA) : Free Stock Analysis ReportDelta Air Lines, Inc. (DAL) : Free Stock Analysis ReportAmerican Airlines Group Inc. (AAL) : Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment Research

Zacks

Hawaiian Holdings (HA) Soars 19.1%: Is Further Upside Left in the Stock?

https://finance.yahoo.com/news/hawaiian-holdings-soars-19-1-122800214.html

2e0cd8fc-3b45-3e24-83c0-f5074213d4ef

AAL

American Airlines Group Inc. (AAL) provides air transport services for passengers and cargo. Its wholly owned subsidiary American Airlines Inc. is a global network air carrier. The company also provides regional service through American Eagle, whose operations include Envoy Air, PSA Airlines, and Piedmont Airlines, as well as third-party carriers.Continue reading

Investopedia

How American Airlines Makes Money

https://finance.yahoo.com/m/e7285468-5a58-31c2-bc9f-23450e7f1413/how-american-airlines-makes.html

e7285468-5a58-31c2-bc9f-23450e7f1413

AAL

American Airlines (AAL) closed at $17.55 in the latest trading session, marking a +1.15% move from the prior day. This change outpaced the S&P 500's 0.04% loss on the day. Meanwhile, the Dow lost 0.22%, and the Nasdaq, a tech-heavy index, added 2.93%.Prior to today's trading, shares of the world's largest airline had gained 18.67% over the past month. This has outpaced the Transportation sector's gain of 6.53% and the S&P 500's gain of 4.22% in that time.Investors will be hoping for strength from American Airlines as it approaches its next earnings release. On that day, American Airlines is projected to report earnings of $1.53 per share, which would represent year-over-year growth of 101.32%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $13.72 billion, up 2.2% from the year-ago period.AAL's full-year Zacks Consensus Estimates are calling for earnings of $2.98 per share and revenue of $52.96 billion. These results would represent year-over-year changes of +496% and +8.15%, respectively.Any recent changes to analyst estimates for American Airlines should also be noted by investors. These revisions help to show the ever-changing nature of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.Our research shows that these estimate changes are directly correlated with near-term stock prices. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 10.31% higher within the past month. American Airlines is currently a Zacks Rank #3 (Hold).Story continuesLooking at its valuation, American Airlines is holding a Forward P/E ratio of 5.81. Its industry sports an average Forward P/E of 11.23, so we one might conclude that American Airlines is trading at a discount comparatively.The Transportation - Airline industry is part of the Transportation sector. This group has a Zacks Industry Rank of 39, putting it in the top 16% of all 250+ industries.The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.You can find more information on all of these metrics, and much more, on Zacks.com.Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free reportAmerican Airlines Group Inc. (AAL) : Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment Research

Zacks

American Airlines (AAL) Gains As Market Dips: What You Should Know

https://finance.yahoo.com/news/american-airlines-aal-gains-market-215019229.html

8baf0ed6-d468-3ef8-b012-e5f7d4272909

AAL

Yet companies have had to focus on paying down the debt incurred to survive the pandemic instead of returning cash to shareholders.Continue reading

The Wall Street Journal

Travel Stocks Charge Higher Ahead of Peak Season

https://finance.yahoo.com/m/2b1bf109-2321-3c31-a554-b33e77b6d266/travel-stocks-charge-higher.html

2b1bf109-2321-3c31-a554-b33e77b6d266

AAL

By Rajesh Kumar Singh and Diane BartzCHICAGO/WASHINGTON (Reuters) - JetBlue Airways' decision to abandon its alliance with American Airlines has improved its chances in the trial over a $3.8 billion deal to buy Spirit Airlines, but may not be enough to hand it a victory, antitrust experts said.In its lawsuit filed in March aimed at stopping JetBlue's purchase of Spirit, the U.S. Justice Department (DOJ) cited as evidence JetBlue's alliance with American at airports in New York and Boston several times.Calling the partnership a "de facto merger," the DOJ argued that JetBlue's proposed purchase of Spirit, a Florida-based ultra-low cost carrier, would lead to further industry concentration.On Wednesday, JetBlue CEO Robin Hayes said ending the partnership with American has taken the DOJ's "misplaced" concerns off the table and would help when the Spirit case goes to trial in October.Eleanor Fox, an antitrust professor at New York University School of Law, said JetBlue would have found it even harder to win the Spirit trial by being in alliance with American because it had made the carrier a bigger player in certain markets."It improves the chances that JetBlue-Spirit will win the trial," Fox said.Former Federal Trade Commission Chairman William Kovacic, who now teaches at George Washington University law school, said the airline had to choose between the alliance and the Spirit merger as both could not survive regulatory scrutiny.The alliance had allowed JetBlue access to American's airport slots and customers, letting it add new routes and operate more flights out of airports in New York and Boston.New York-based JetBlue, however, views the Spirit deal as a way to expand its domestic footprint amid persistent labor and aircraft shortages. It tried to buy Virgin America in 2016, but lost out to Alaska Air Group.To address antitrust concerns, JetBlue last month agreed to divest all holdings of Spirit at New York's LaGuardia Airport to Frontier Group Holdings if it succeeds in closing the deal.Story continuesJames Speta, a Northwestern University law professor, is unsure the dissolution of the Northeast Alliance and the planned divestiture will be enough for JetBlue to prevail in the DOJ lawsuit.A JetBlue-Spirit combination will "significantly" change the U.S. landscape of low-cost airlines and lead to further consolidation, he said.American, Delta, United and Southwest Airlines control nearly 80% of the U.S. airline industry.In its lawsuit, the DOJ said Spirit's acquisition would leave tens of millions of travelers to face higher fares and fewer options."There's still an argument to be made against the merger," Speta said.(Reporting by Rajesh Kumar Singh in Chicago and Diane Bartz in Washington; Additional reporting by David Shepardson; Editing by Richard Chang)

Reuters

Analysis-Will abandoning American help JetBlue's Spirit merger? Not by much

https://finance.yahoo.com/news/analysis-abandoning-american-help-jetblues-212842776.html

298e1abb-4a95-31c5-8393-9e0d4e211c4a

AAL

The airline has found a way to cut down on something that's a major passenger pain point (and every airline should pay attention.)Continue reading

TheStreet.com

American Airlines Solves a Huge Problem (Southwest Take Note)

https://finance.yahoo.com/m/bdfc1d5a-7680-3efc-aab1-151f53e00ca6/american-airlines-solves-a.html

bdfc1d5a-7680-3efc-aab1-151f53e00ca6

AAL

JetBlue stock (JBLU) fell as much as 3% on Tuesday after a rating downgrade from Evercore ISI that cited balance sheet concerns from the airline's merger with Spirit.Analysts downgraded JetBlue to Underweight from In-line and left the price target unchanged at $8.Evercore ISI analysts cited JetBlue's pending merger with Spirit and the impact it will have on the company’s balance sheet as a reason. The acquisition will cost JetBlue $3.8 billion in cash.“While there will be twists and turns along the way, we believe the Spirit acquisition ultimately gets done while the premium JBLU is paying for Spirit continues to expand,” wrote Duane Pfennigwerth and his team.The company’s “balance sheet is on a journey from average to worst,” they added.JetBlue Airbus A321LR is displayed at the 54th International Paris Air Show at Le Bourget Airport near Paris, France, June 20, 2023. REUTERS/Benoit TessierIn contrast, Delta (DAL), which kicks off airline earnings on Thursday is a top pick at Evercore ISI.The company is expected to double its profit over the second quarter of last year on the back of lower costs and pricing power.Calling it a “strong leadoff hitter,” the analysts noted Delta “has done a nice job expectation-setting this year, aided by lower fuel, while a recent investor day was a good reminder of Delta’s positive longer term attributes.” The company aims at prioritizing free cash flow and debt reduction.Lower jet fuel costs are expected to balance out higher labor expenses. Earlier this year, Delta announced a new agreement with pilots that offers $7 billion in higher pay and benefits.The major airline stocks are up more than 40% year-to-date.Travel stocks have gone through the roof this year, with cruise line operators gaining the most, followed by the airlines.Delta is up 47% year-to-date, while JetBlue is up 40% and American Airlines (AAL) is 46% higher during the same period.Travel and Leisure is one of the sectors of the economy that has been going strong despite the Fed’s initiatives to tighten monetary policy.Ines is a senior business reporter for Yahoo Finance. Follow her on Twitter at @ines_ferreClick here for the latest stock market news and in-depth analysis, including events that move stocksRead the latest financial and business news from Yahoo Finance

Yahoo Finance

JetBlue stock hit with Evercore downgrade citing balance sheet weakness

https://finance.yahoo.com/news/jetblue-stock-hit-with-evercore-downgrade-citing-balance-sheet-weakness-154912138.html

8d2674b4-035b-4817-8a76-ab763dca16dc

AAL

The airline industry expects demand to soar coming out of the pandemic. What does that mean for airline stocks?Continue reading

Investor's Business Daily

Airline Stocks Are Flying High As Air Travel Demand Increases; Are They A Buy Or A Sell?

https://finance.yahoo.com/m/d3d54bda-4ba5-3bf8-9d73-304b460ad760/airline-stocks-are-flying.html

d3d54bda-4ba5-3bf8-9d73-304b460ad760

AAL

With airfare prices to many popular destinations up nearly 25% from a year ago, many travelers are trying to bring down the price of their ticket whichever way they can. As ticket pricing relies on a convoluted model based on demand and spreading passengers between different airports, this technique can sometimes be cheaper than the layover the airline offers or — the most expensive option of all — a direct flight. As it causes unfilled flights for the airline, the practice is severely frowned-upon and often outright banned — a teenager traveling from Gainesville, FL to New York City with a layover in North Carolina's Charlotte ran into trouble when an American Airlines employee suspected that he was not planning to board the flight to his final destination.Continue reading

TheStreet.com

American Airlines Clashes With Passenger Over Popular Travel Hack

https://finance.yahoo.com/m/b6d1870a-60e1-379a-a15c-1667a6d75a95/american-airlines-clashes.html

b6d1870a-60e1-379a-a15c-1667a6d75a95

AAL

Delta Air Lines’ DAL passenger revenues account for bulk of its top line, like most other airlines,. Driven by the buoyant air-travel demand scenario, passenger revenues are likely to have moved north. This, in turn, is expected to boost Delta’s performance, when it reports second-quarter 2023 results on Jul 13.Passenger Revenues in Q1: A FlashbackAir-travel demand was strong in the first quarter of 2023. Riding on the rosy scenario, passenger revenues, accounting for 81.6% of total revenues, increased 51% year over year to $10,411 million at DAL.Domestic markets contributed 72.9% to total passenger revenues. Domestic passenger revenues in the March quarter increased 37% year over year. Passenger revenues also improved on the international front at DAL. The stock currently carries a Zacks Rank #2 (Buy).Passenger Revenues: A Tailwind for Q2 as WellWe expect upbeat air-travel demand, particularly on the domestic front, to have boosted Delta Air Lines’ top-line performance in the to-be-reported quarter. Our estimate indicates a 5.6% increase from the second-quarter 2022 actuals.Driven by the uptick, DAL’s management expects operating margin for the second quarter to be 16%. Load factor (percentage of seats filled by passengers) is also likely to have been impressive in the June quarter. The Zacks Consensus Estimate for load factor is pegged at 86%, higher than 85% reported in second-quarter 2022.Backed by strong passenger revenues, management now estimates adjusted earnings per share to be between $2.25 and $2.50 for the quarter under review. The earlier projection was in the range of $2-$2.25. The Zacks Consensus Estimate is currently pegged at $2.42.Overall Top & Bottom-Line ProjectionsMainly owing to buoyant passenger revenues, the consensus mark for quarterly sales is presently pegged at $15.01 billion, implying an 8.57% increase from second-quarter 2022 reported figure. The Zacks Consensus Estimate for earnings currently hints at an increase of 68.06% from second-quarter 2022 levels.Story continuesOur TakeHigh passenger revenues coupled with low fuel costs (oil price declined 6.6% in the Apr-Jun period) are likely to aid Delta’s results when it kicks off the second-quarter earnings season for airlines.Apart from Delta, we expect the above tailwinds to have aided performances of fellow airline players like United Airlines UAL and American Airlines AAL. While United Airlines is scheduled to report second-quarter 2023 results on Jul 19, American Airlines will release the same on Jul 20. Each stock is currently carrying a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.United Airlines has outpaced the Zacks Consensus Estimate for earnings in three of the last four quarters (missing the consensus mark in the remaining quarter). The average beat is 9.14%. The Zacks Consensus Estimate for second-quarter 2023 earnings has increased 7.96% over the past 60 days.American Airlines has outpaced the Zacks Consensus Estimate for earnings in three of the last four quarters (missing the consensus mark in the remaining quarter). The average beat is 6.19%. The Zacks Consensus Estimate for second-quarter 2023 earnings has increased 24.03% over the past 60 days.Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free reportDelta Air Lines, Inc. (DAL) : Free Stock Analysis ReportUnited Airlines Holdings Inc (UAL) : Free Stock Analysis ReportAmerican Airlines Group Inc. (AAL) : Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment Research

Zacks

Delta (DAL) Expects Passenger Revenues to Aid Its Q2 Earnings

https://finance.yahoo.com/news/delta-dal-expects-passenger-revenues-170500255.html

74d9bb16-2785-3e96-974a-c20bdcb5b585

AAL

American Airlines, Inc.FORT WORTH, Texas, July 13, 2023 (GLOBE NEWSWIRE) -- American Airlines issued its 2022 Sustainability Report today, providing updates on the company’s strategy and progress on key issues over the year. The report affirms American’s focus on the sustainability issues most important to its business and stakeholders, including climate change, customer and team member safety, human capital, and customer service.“Over the past year, American has worked tirelessly to fly more and bring people together again,” American’s CEO Robert Isom said. “I’m deeply proud of our team for building back our airline, developing a pipeline of new and diverse talent and advancing our climate goals — all while remaining steadfastly committed to our why: caring for people on life’s journey.”American’s strategy for reaching net-zero greenhouse gas (GHG) emissions by 2050 is focused on running a more fuel-efficient operation, with more fuel-efficient aircraft increasingly powered by low-carbon fuel. Over the past several years, American has undertaken the most extensive fleet renewal effort in the history of its industry — giving the airline the youngest mainline fleet among U.S. network carriers. In 2022, American took meaningful steps forward across its strategy — from adding new-generation aircraft to its fleet and finalizing its most significant sustainable aviation fuel offtake agreement to date to announcing investments in two companies focused on the development of low-carbon, hydrogen-powered aviation.In 2022, American became the first airline globally to receive validation from the Science Based Targets initiative (SBTi) that its intermediate 2035 GHG reduction targets comply with the criteria in the SBTi’s first aviation pathway. The company’s Sustainability Report also includes a detailed discussion of American’s risks and opportunities related to climate change, as recommended by the Task Force on Climate-related Financial Disclosures.Story continuesEmbedding diversity, equity and inclusion across American gives its culture a competitive advantage and underpins American’s quest to be the best airline for its customers. The report describes the company’s efforts to create opportunities for people from all backgrounds, including diverse groups historically underrepresented in the airline industry, and to increase awareness, access and opportunity for everyone interested in exploring a career in aviation.The team at American is the engine behind the high level of service it provides to customers. Even as the company rapidly ramped up operations in 2022, it maintained its focus on offering the reliability, dependability and world-class experience its customers expect. Thanks to the hard work of the American team, the company recorded its best-ever customer satisfaction scores, as measured by Likelihood to Recommend, for the year. The company also continues to have an uncompromising commitment to customer and team member safety.The airline’s progress toward its sustainability goals continues to receive accolades. American was named 2023 Air Transport World Eco-Airline of the Year, and in 2022 remained the only passenger airline to be included in the Dow Jones Sustainability North America Index for a second consecutive year.About American Airlines GroupTo Care for People on Life’s Journey®. Shares of American Airlines Group Inc. trade on Nasdaq under the ticker symbol AAL and the company’s stock is included in the S&P 500. Learn more about what's happening at American by visiting news.aa.com and connect with American on Twitter @AmericanAir and at Facebook.com/AmericanAirlines.Cautionary statement regarding forward-looking statements and information Certain of the statements contained in this release, including goals for and projections of future results, the expected execution and effect of our sustainability strategies and initiatives and the amounts and timing of their expected impact, should be considered forward-looking statements. These forward-looking statements are based on the company’s current objectives, beliefs and expectations, and they are subject to significant risks and uncertainties, many of which are outside the company’s control, that may cause actual results and financial position and timing of certain events to differ materially from the information in the forward-looking statements. Please see the company's latest Quarterly Report on Form 10-Q and the company’s other filings with the SEC for a discussion of risk factors as they may relate to forward-looking statements. The company does not assume any obligation to publicly update or supplement any forward-looking statement to reflect actual results, changes in assumptions or changes in other factors affecting these forward-looking statements other than as required by law. Any forward-looking statements speak only as of the date hereof or as of the dates indicated in the statement.Corporate Communicationsmediarelations@aa.com

GlobeNewswire

American Airlines releases 2022 sustainability report

https://finance.yahoo.com/news/american-airlines-releases-2022-sustainability-160000938.html

7b72761b-1cfc-32aa-960e-850bad2ad2be

AAL

Delta reported record earnings for its second quarter, beating estimates on the top and bottom line and raising its guidance. TD Cowen Senior Research Analyst Helane Becker joins Yahoo Finance Live to discuss the company’s results and what they tell us about both business and leisure travel.Video Transcript- Pent up demand for travel driving Delta earnings to a record high, the airline also boosting its full year guidance. Joining us now is TD Cowen senior research analyst Helane Becker. Now, Helane, you had predicted that they would post record numbers previously. You predicted that for this quarter and even the coming quarter. What's your first takeaway from today's numbers?HELANE BECKER: Thanks for the question. The numbers are very good. Demand is very strong and you see that at airports around not only the United States, but around the world. People really want to make up for lost time and are getting out and traveling. And the fact that they have the ability to do so, not only from a financial perspective but from the time perspective, the fact that they can travel, make almost any weekend a long weekend because of work from anywhere opportunities.- Helane, is this a case across the board, not just Delta? And also, more specifically, the comments that we heard from Ed Bastian when it comes to corporate travel, he is very optimistic that that is going to continue to move to the upside here. What does that growth look like? Are we ever going to get back to those 2019 levels?HELANE BECKER: Yeah, no, I think that's a really fair question, because he mentioned-- and he mentioned on the call this morning, and we've said this before, the US economy is, what, 15 20% bigger now than it was four years ago? So just in terms of the size of the economy, it should drive higher business traffic. It's just there's this hybrid work environment, and when you plan a business trip to go see your clients, it's increasingly difficult because some companies are in the office Monday, Tuesday, Thursday, others are in Tuesday to Thursday. It seems like Friday is a work from anywhere day.Story continuesSo I think it makes travel from a business perspective more difficult. We certainly have seen growth in attendance at conferences. We're pretty much back to 2019 and prior year levels from that perspective. And our view has really been evolving that into this more, yes, we're going to see more business travel. It's just where you're going to see it I think is changing.Small and medium sized companies have never really stopped traveling. It's just the large corporates. Tech, financial services as an example, that have curtailed travel. And I think as your competitors travel, because your travel salespeople travel, as your competitors travel and they win business, I think you'll see people start to get back on the road.- Helane, I want to ask you about just the pricing power. We know fares are much higher. Inflation in general has been sticky, although it's started to cool. Let's talk about the level of fares, where they are, what the risk is. Does Delta still have pricing power heading through the balance of the year? Even, yes, their guidance is strong, but what is the headwind that you see?- Yeah, I think that, again, you guys are really on top of it today with your questions. So I think from a pricing perspective, jet fuel prices have come down off their peaks. They're significantly below where they were a year ago, and that gives the airline some opportunity to cut fares to continue to see strong demand.We're seeing domestic fares come down a little bit on a year on year basis, and although May was up sequentially from April, that kind of makes sense because the summer months start. I guess May through July, especially if you're in the South, schools go back in early to mid August. In the North, schools don't go back until after Labor Day, so you have this elongated season where you can have strong demand that would drive higher prices.Plus, capacity in the New York area. As you guys are probably aware, the Department of Transportation asked the four big airlines serving the market, United, American, Delta, and JetBlue, to cut capacity by 10%, and capacity is already down by 10%. We are not back to 2019 capacity levels, but as I mentioned, the economy has grown and demand is fully back to 2019 levels, or in some days it's above.And so when you think about that and when you think about the ability of airlines to price, intuitively they should be buying more aircraft, but they can't do that because of OEM delivery delays, supply chain issues, and then all the other limitations on growth. There's no place to put planes at the busiest airports.So we've been for the past four or five years talking about more seats per departure and fewer departures per day as the only way you're going to be able to get growth, and now the airlines are starting to talk about that as well. But it generally-- it definitely drives higher revenue in an environment that, if you see a slower economy, you would normally see slower revenue growth or declining revenue.- And Helane, to that point, because Delta did say on the call that they believe that they've reached an inflection point when it comes to costs, but you brought up some of the issues, some of the headwinds that are facing Delta and many of its competitors today. To what degree should investors be worried about those lingering cost issues, given the fact that we are seeing pretty significant delays for some of those aircrafts?HELANE BECKER: Yeah. I think that from that perspective, we're concerned, but not as concerned as we would be if the revenue environment was slightly different. Some of the costs that you see pressure, labor costs obviously have been-- we've been talking about that for a long time, as have you, and we're seeing that percent change should start to abate in 2024. Maintenance, as airlines get new aircraft, you should see a maintenance holiday just because the newer aircraft need less maintenance than older aircraft.So that type of thing should start to-- should start to abate, but the other issues that are out there just in terms of supply chain, labor, it's not so much attracting, it's retaining. Air traffic control has been an issue. We should. There seems to be bipartisan support for an FAA reauthorization bill, which needs to be done before the end of the government's fiscal year. So I think I think there's a lot of good happening that should make '24 a better year, but at least we're hopeful. Maybe hope isn't a strategy, but we're hoping that things improve on the cost side.- All right, Helane Becker, we have to leave it there. TD Cowen, thanks so much for joining us.

Yahoo Finance Video

What Delta's earnings reveal about the state of travel

https://finance.yahoo.com/video/deltas-earnings-reveal-state-travel-204025910.html

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(Updates with additional details from JetBlue statement paragraphs 1, 3, 9-10; Adds background paragraphs 4-8)By David ShepardsonJuly 14 (Reuters) - American Airlines and JetBlue Airways said Friday they will begin to wind down their Northeast Alliance on July 21 after a U.S. judge's order in May that they end the agreement.JetBlue said last week it would terminate the three-year-old alliance, which allowed the two carriers to coordinate flights and pool revenue.Both airlines said starting July 21, American and JetBlue customers will no longer be able to book new codeshare bookings on the other airlines.JetBlue has said it will not appeal the ruling, but American Airlines says it still plans to challenge U.S. District Judge Leo Sorokin's decision that found the partnership "substantially" diminished competition in the domestic airline market.American is the largest U.S. airline by fleet size while JetBlue is the sixth largest. The alliance's dissolution is a setback to American's strategy to grow revenue by relying more heavily on alliance partners to ferry passengers in uncompetitive markets.The Northeast Alliance helped American compete in the New York market, where it had been losing money. It allowed American to move away from unprofitable routes while maintaining a presence in New York and letting it feed traffic to its global partners.JetBlue argues terminating its alliance with American renders "entirely moot" the U.S. Justice Department's objections that led it to file suit to block its merger deal with Spirit Airlines, which would be the biggest in the U.S. airline industry since American and US Airways merged in 2013.A trial on the department's suit to block the deal is set for October.The airlines said they are working "to minimize disruption to customers." For customers with travel already booked, frequent flyer numbers will need to be added to the booking before July 21, they said.Customers can accrue frequent flyer credit for all tickets purchased prior to July 21 as long as account numbers are added before that date, they said. (Reporting by David Shepardson; Editing by Conor Humphries)

Reuters

UPDATE 1-American Airlines, JetBlue to halt codeshare flights from July 21

https://finance.yahoo.com/news/1-american-airlines-jetblue-halt-145153945.html

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NEW YORK (AP) —American Airlines and JetBlue Airways will end their partnership in the Northeast next week, after a judge ruled that the deal violates antitrust law.JetBlue said Friday that it will end codesharing – the practice of selling seats on each other’s flights – and reciprocal frequent-flyer benefits on July 21.Customers who already bought a ticket through the partnership will have until that date to add their frequent-flyer number to the booking to get points in their account, the airline said.A federal judge in Boston ruled in May that the airlines must disband their agreement, called the Northeast Alliance. The Justice Department sued to kill the deal, which began in early 2021 and is focused on flights in New York and Boston, saying it would limit competition and hurt consumers by driving up prices.American plans to appeal the ruling, but JetBlue announced last week that it would not appeal and would instead turn its focus to saving its proposed $3.8 billion purchase of Spirit Airlines. The Justice Department has also sued to block that deal, and a trial is scheduled for October.

AP Finance

American Airlines and JetBlue will end their partnership next week after losing antitrust case

https://finance.yahoo.com/news/american-airlines-jetblue-end-partnership-150226189.html

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While behind turbulence and someone trying to open a window during a flight, baggage loss is a very common nightmare scenario among travelers. One survey by lounge access program Priority Pass found that 61% of travelers consider fear of lost luggage to be the most stressful part of the airport experience — just behind the 63% who fear getting stuck in airport traffic (respondents could select more than one stressor) and below the 57% who worry about a misplaced passport or check-in trouble. Looking at percentages of loss and damage reports across the country's 100 busiest airports, a report from Forbes Advisor found that lost and damaged baggage is a particular problem at New York's John F. Kennedy Airport.Continue reading

TheStreet.com

This Is the Airport Most Likely to Lose or Damage Your Baggage, Per Recent Study

https://finance.yahoo.com/m/4f163c59-49ea-3fdb-8533-2c6db66da77e/this-is-the-airport-most.html

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Airline stocks have been flying high in 2023 and analysts expect surging quarterly earnings for United and American Airlines when they report this week.Continue reading

Investor's Business Daily

United Airlines, American Airlines Earnings Due. Is The Airlines Rally Over?

https://finance.yahoo.com/m/94818712-abf1-3b95-8693-cf06b7e645c7/united-airlines-american.html

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American Airlines downgraded, United upgraded: Wall Street's top analysThe most talked about and market moving research calls around Wall Street are now in one place. Here are today's research calls that investors need to know, as compiled by The Fly. Top 5 Upgrades:Redburn upgraded United Airlines (UAL) to Buy from Neutral with an $80 price target. The firm cites its preference for international airlines and a more positive view on the impact of fewer narrow-body deliveries on both capex and growth over the coming years for the upgrade. [Read more] Wells Fargo upgraded DraftKings (DKNG) to Overweight from Equal Weight with a price target of $37, up from $28. The company's earnings report showed it is capturing market share, capitalizing on an improved product, and limiting operating expense growth, the firm tells investors in a research note. [Read more]Piper Sandler upgraded Monster Beverage (MNST) to Overweight from Neutral with a price target of $63, up from $60. The share pullback makes Monster's risk/reward more attractive, the firm argues. [Read more]UBS upgraded Wayfair (W) to Buy from Neutral with a price target of $110, up from $72. The company's low valuation multiple does not fully price in its "favorable intermediate term set-up," the firm says. [Read more] Guggenheim upgraded Fortinet (FTNT) to Buy from Neutral with a $70 price target. While Fortinet faces several headwinds heading into the second half of the year, the company is not structurally impaired and its competitive position has not deteriorated, the firm says. [Read more]Top 5 Downgrades: Redburn downgraded American Airlines (AAL) to Neutral from Buy. The firm notes that American has the greatest exposure to the more competitive domestic market and the greatest near-term sensitivity to rising fuel prices. [Read more] Guggenheim downgraded Cloudflare (NET) to Sell from Neutral with a $50 price target. The firm sees execution risk at Cloudflare and believes the stock "has gotten way ahead of itself." [Read more] Redburn downgraded Southwest (LUV) to Sell from Neutral with a $27 price target. Despite having a "best-in-class" balance sheet, Southwest's unit revenues will continue to face downward pressure, which is not expected by consensus, the firm says. [Read more] Oppenheimer downgraded Sage Therapeutics (SAGE) to Perform from Outperform without a price target after the FDA rejected zuranolone for treatment of major depressive disorder based on lack of effectiveness. [Read more] RBC Capital also downgraded Sage Therapeutics to Sector Perform from Outperform with a price target of $25, down from $71, [Read more] while Wedbush cut Sage Therapeutics to Neutral from Outperform with a price target of $22, down from $51. [Read more] Craig-Hallum downgraded MasTec (MTZ) to Hold from Buy with a price target of $98, down from $113. The firm notes MasTec reported mixed Q2 results while guiding the rest of the year lower. [Read more]Top 5 Initiations:BofA initiated coverage of Fortrea Holdings (FTRE) with an Underperform rating and $27 price target following its spinoff from Labcorp (LH) last month. The late-stage contract research organization, or CRO, is better as a standalone entity, but has underperformed peers historically and the firm doesn't see this changing quickly, the firm added. [Read more] Seaport Research initiated coverage of Pentair (PNR) with a Buy rating and $88 price target. Since the 2018 spin out nVent (NVT), management has "upgraded all aspects of the company's model," the firm says. [Read more] Seaport Research initiated coverage of Fortive (FTV) with a Buy rating and $92 price target. The firm sees more upside to margins and expects an acceleration in deals in the near-term. [Read more]Seaport Research initiated coverage of Ametek (AME) with a Buy rating and $195 price target. The firm sees multiple sales opportunities and is forecasting upper-single digit earnings growth over its forecast period. [Read more] Benchmark initiated coverage of Global-e Online (GLBE) with a Buy rating and $50 price target ahead of the company reporting Q2 earnings on Tuesday, August 8. [Read more]

The Fly

American Airlines downgraded, United upgraded: Wall Street's top analys

https://finance.yahoo.com/news/american-airlines-downgraded-united-upgraded-135706937.html

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American downgraded, United upgraded: Wall Street's top analyst callsThe most talked about and market moving research calls around Wall Street are now in one place. Here are today's research calls that investors need to know, as compiled by The Fly. Top 5 Upgrades:Redburn upgraded United Airlines (UAL) to Buy from Neutral with an $80 price target. The firm cites its preference for international airlines and a more positive view on the impact of fewer narrow-body deliveries on both capex and growth over the coming years for the upgrade. [Read more] Wells Fargo upgraded DraftKings (DKNG) to Overweight from Equal Weight with a price target of $37, up from $28. The company's earnings report showed it is capturing market share, capitalizing on an improved product, and limiting operating expense growth, the firm tells investors in a research note. [Read more]Piper Sandler upgraded Monster Beverage (MNST) to Overweight from Neutral with a price target of $63, up from $60. The share pullback makes Monster's risk/reward more attractive, the firm argues. [Read more]UBS upgraded Wayfair (W) to Buy from Neutral with a price target of $110, up from $72. The company's low valuation multiple does not fully price in its "favorable intermediate term set-up," the firm says. [Read more] Guggenheim upgraded Fortinet (FTNT) to Buy from Neutral with a $70 price target. While Fortinet faces several headwinds heading into the second half of the year, the company is not structurally impaired and its competitive position has not deteriorated, the firm says. [Read more]Top 5 Downgrades: Redburn downgraded American Airlines (AAL) to Neutral from Buy. The firm notes that American has the greatest exposure to the more competitive domestic market and the greatest near-term sensitivity to rising fuel prices. [Read more] Guggenheim downgraded Cloudflare (NET) to Sell from Neutral with a $50 price target. The firm sees execution risk at Cloudflare and believes the stock "has gotten way ahead of itself." [Read more] Redburn downgraded Southwest (LUV) to Sell from Neutral with a $27 price target. Despite having a "best-in-class" balance sheet, Southwest's unit revenues will continue to face downward pressure, which is not expected by consensus, the firm says. [Read more] Oppenheimer downgraded Sage Therapeutics (SAGE) to Perform from Outperform without a price target after the FDA rejected zuranolone for treatment of major depressive disorder based on lack of effectiveness. [Read more] RBC Capital also downgraded Sage Therapeutics to Sector Perform from Outperform with a price target of $25, down from $71, [Read more] while Wedbush cut Sage Therapeutics to Neutral from Outperform with a price target of $22, down from $51. [Read more] Craig-Hallum downgraded MasTec (MTZ) to Hold from Buy with a price target of $98, down from $113. The firm notes MasTec reported mixed Q2 results while guiding the rest of the year lower. [Read more]Top 5 Initiations:BofA initiated coverage of Fortrea Holdings (FTRE) with an Underperform rating and $27 price target following its spinoff from Labcorp (LH) last month. The late-stage contract research organization, or CRO, is better as a standalone entity, but has underperformed peers historically and the firm doesn't see this changing quickly, the firm added. [Read more] Seaport Research initiated coverage of Pentair (PNR) with a Buy rating and $88 price target. Since the 2018 spin out nVent (NVT), management has "upgraded all aspects of the company's model," the firm says. [Read more] Seaport Research initiated coverage of Fortive (FTV) with a Buy rating and $92 price target. The firm sees more upside to margins and expects an acceleration in deals in the near-term. [Read more]Seaport Research initiated coverage of Ametek (AME) with a Buy rating and $195 price target. The firm sees multiple sales opportunities and is forecasting upper-single digit earnings growth over its forecast period. [Read more] Benchmark initiated coverage of Global-e Online (GLBE) with a Buy rating and $50 price target ahead of the company reporting Q2 earnings on Tuesday, August 8. [Read more]

The Fly

American downgraded, United upgraded: Wall Street's top analyst calls

https://finance.yahoo.com/news/american-downgraded-united-upgraded-wall-135706143.html

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