Stocks making the biggest moves premarket: Southwest, Tesla, Las Vegas Sands and more

A Southwest Airlines Co. Boeing 737 passenger jet pushes back from a gate at Midway International Airport (MDW) in Chicago, Illinois. Luke Sharrett | Bloomberg | Getty Images Check out the companies making the biggest moves premarket: Southwest — The airline dropped 2.1% after reporting a $220 million loss for the fourth quarter after the holiday meltdown cost the company millions in expenses and drove up expenses. Comcast — The media company reported fourth-quarter earnings that beat Wall Street’s expectations, with earnings per share coming in at 82 cents, adjusted,…

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American Airlines beats fourth-quarter profit expectations as higher fares buoy revenue

Employees of American Airlines help check in passengers at Ronald Reagan Washington National Airport on January 11, 2023 in Arlington, Virginia. Alex Wong | Getty Images American Airlines‘ fourth-quarter profit beat analysts’ expectations as strong travel demand and high fares buoyed results during a turbulent holiday season. Shares of American were up 4% in premarket trading on Thursday. Here’s how American Airlines performed in the fourth quarter compared with what Wall Street anticipated, based on an average of analysts’ estimates compiled by Refinitiv: Adjusted earnings per share: $1.17 versus an expected $1.14…

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Southwest CEO maps out a recovery after holiday meltdown: ‘We have work to do’

A Southwest Airlines traveler looks for her baggage in a pile of lost suitcases after an arctic blast and a massive winter storm dubbed Elliott swept over much of the United States in the lead-up to the Christmas holiday weekend, at Chicago Midway International Airport in Chicago, Illinois, December 27, 2022. Kamil Krzaczynski | Reuters Southwest CEO Bob Jordan’s message, after a holiday meltdown derailed the travel plans of millions, is clear: “I can’t say it enough. We messed up.” His focus now is ensuring a similar crisis never happens…

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Inflation is cooling, but prices on many items are going to stay high for months

A grocery store in New York. Wang Ying | Xinhua News Agency | Getty Images Inflation may be cooling. But, for most Americans, the price of a cup of coffee or a bag of groceries hasn’t budged. In the months ahead, the big question is whether consumers will start to feel relief, too. related investing news Over the past few months, many of the key factors that fueled a four-decade high in inflation have begun to fade. Shipping costs have dropped. Cotton, beef and other commodities have gotten cheaper. And…

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5 things to know before the stock market opens Monday

Traders work on the floor of the New York Stock Exchange.  NYSE Here are the most important news items that investors need to start their trading day: 1. Hanging on The three major stock indices are still in positive territory this month despite last week’s choppy results. Stocks closed Friday on a high note, with the Nasdaq pulling out a gain for the week, even as the Dow and S&P 500 slid. Investors will parse through a big slate of earnings this week (more on this below) as they look…

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Jim Cramer picks his favorite travel, restaurant, live entertainment and gym stocks

CNBC’s Jim Cramer on Tuesday gave investors a list of stocks he believes fit Americans’ spending habits after navigating the Covid pandemic for the last three years. “The biggest theme is the rise of this ‘life is too short’ mentality. People don’t want to waste their time anymore,” he said. More specifically, investors should eye travel, restaurant, live entertainment and gym stocks, according to Cramer. Here are his picks: Travel Delta Air Lines, American Airlines and United Airlines “Just be careful and stick to the ones with good execution, meaning…

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United results top estimates as demand remains resilient despite high fares

A grounds crew member directs an United Airlines airplane to a gate at Terminal A at Newark Liberty International Airport (EWR) in Newark, New Jersey, US, on Thursday, Jan. 12, 2023. Aristide Economopoulos | Bloomberg | Getty Images United Airlines‘ fourth-quarter profit topped Wall Street estimates thanks to strong demand and high fares. Consumers’ appetite for air travel and willingness to pay higher fares has helped airlines return to profitability despite higher costs for fuel, labor and other expenses tied to ramping their networks back up. Meanwhile, aircraft delivery delays…

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Stocks making the biggest moves in the premarket: JPMorgan, Virgin Galactic, Tesla and more

A person enters the JPMorgan Chase headquarters in New York, June 30, 2022. Andrew Kelly | Reuters Check out the companies making the biggest moves in the premarket: JPMorgan — The bank reported fourth-quarter earnings and revenue before the bell that topped Wall Street expectations. However, it said a mild recession is now the “central case.” JPMorgan slid nearly 3% in permarket trading. Lockheed Martin — Goldman Sachs downgraded the defense contractor to sell from neutral and cut its price target by $56 to $332. The Wall Street firm noted…

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5 things to know before the stock market opens Friday

diego_cervo | Getty Images Here are the most important news items that investors need to start their trading day: 1. Will luck hold on Friday the 13th? Stocks are on a roll. The Dow and the S&P jumped Thursday, after December’s consumer price index showed inflation slowed down, as expected. The Nasdaq registered its first five-day winning streak since July. But it’s time again for companies to report quarterly earnings, and for the superstitious among us, Friday the 13th isn’t the best day to kick off the season. Big banks…

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Delta Air Lines sales, profits top estimates in strong finish to 2022

Delta Air Lines Airbus A330neo or A330-900 aircraft with neo engine option of the European plane manufacturer, as seen departing from Amsterdam Schiphol AMS EHAM International airport. Nicolas Economou | NurPhoto | Getty Images Delta Air Lines‘ fourth-quarter profit topped analysts’ expectations and its revenue grew from three years ago, the latest signs of consumers’ willingness to shell out for air travel. The airline generated $13.44 billion in the final three months of 2022, topping the $11.44 billion in sales it brought in three years earlier. High costs ate away…

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