American Airlines Group Inc. (NASDAQ:AAL) stock was down about 2% on Tuesday as investors rotated out of airline and other travel-related stocks amid a broader risk-off market. Money flowed into defensive sectors while growth-sensitive and cyclical names came under pressure.
Pre-Market Stock Futures: Futures are trading mixed, with the Nasdaq getting hammered after a gangbuster start to the first full trading week of the third quarter. All of the major indices finished the day higher, with chip stocks once again leading the way. When the dust settled at the close, the Nasdaq finished the day... Here Are Tuesday's Best Wall Street Analyst Research Calls: Adobe, American Airlines, Broadcom, First Solar, Meta Platforms, Shopify, Space-X, Ventas, Waste Managment, and More
Defense spending is surging while airline profits are under pressure. The choice between these two funds comes down to which story you believe in more.
Wall Street sent a coordinated bullish signal to the airline sector as Goldman Sachs analyst Catherine O'Brien and TD Cowen analyst Tom Fitzgerald raised their price targets across most major U.S.
Bank of America Securities (BofA) analyst Andrew G. Didora has adopted a more positive outlook on U.S. airlines ahead of second-quarter earnings, citing strong demand, stable fares, and lower fuel prices as key sector supports.
U.S. airlines' stocks are flying high as jet-fuel prices fall and Americans continue to take to the skies, with shares of United Airlines and Delta Air Lines zooming toward fresh records on Tuesday.
Diane King Hall talks about this morning's top movers by highlighting Oppenheimer's downgrades on Bank of America (BAC), Citigroup (C), Morgan Stanley (MS) and Goldman Sachs (GS). Wells Fargo raised its price targets on major airlines like American Airlines (AAL) and Southwest (LUV) in hopes that reduced oil prices will provide overall stability.