FINWIRES · TerminalLIVE
FINWIRES

$ALK

21 stories mentioning ALKUpdated 7d ago

Every FINWIRES story that references ALK, newest first.

Update: Equities Mostly Lower as Oil Prices Extend Rally
US Markets

Update: Equities Mostly Lower as Oil Prices Extend Rally

(Updates with market moves at the end of the day.)US equity benchmarks ended mostly lower Wednesday ahead of key earnings releases, while oil prices headed for their fourth consecutive day of gains.The Nasdaq Composite fell 0.6% to 25,690.90, while the S&P 500 edged down 0.1% to 7,498.96. The Dow Jones Industrial Average was little changed at 52,218.58. Among sectors, communication services led the laggards, while utilities paced the gainers.Google parent Alphabet (GOOG, GOOGL) and electric vehicle manufacturer Tesla (TSLA) released their quarterly earnings after the closing bell.Texas Instruments (TXN), IBM (IBM), ServiceNow (NOW) and CSX (CSX) were also scheduled to release their results after market close.West Texas Intermediate crude oil was up 2.5% at $86.41 a barrel in Wednesday late-afternoon trade, while Brent advanced 3% to $93.76. Brent briefly traded above $95 earlier Wednesday amid escalating tensions between the US and Iran.In a social media post Wednesday, US President Donald Trump vowed to destroy an Iranian bridge or power plant every time Tehran attacks ships in the Strait of Hormuz.Iran's Islamic Revolutionary Guard Corps said it hit Jordan's King Faisal and Prince Hassan bases with missiles and drones, claiming to have targeted US military equipment in response to recent American strikes, CNN reported. The US Central Command said Tuesday it struck Iran for the 11th consecutive evening.More tankers changed course in the Red Sea Wednesday following threats by Yemen's Iran-aligned Houthis to attack vessels using Saudi Arabian ports, BBC and Reuters reported.Treasury yields were higher, with the two-year rate up 4.5 basis points at 4.31% and the 10-year rate rising 3.3 basis points to 4.66%.In corporate news, shares of Super Micro Computer (SMCI) jumped nearly 20%, the best performer on the S&P 500. The company said in a preliminary business update late Tuesday that it received more than $60 billion in new orders during its fiscal fourth quarter. It raised the gross margin outlook for the period.Alaska Air (ALK) fell 2.4% as the airline late Tuesday issued a downbeat third-quarter earnings outlook and swung to a second-quarter loss.Gold was up 1.5% at $4,135.60 per troy ounce, while silver gained 1.4% to $59.92 per ounce.

Dow JonesNasdaq CompositeS&P 500$ALK$CSX$GOOG$GOOGL$IBM$NOW$SMCI$TSLA$TXN
Sectors

Sector Update: Consumer Stocks Mixed Late Afternoon

Consumer stocks were mixed late Wednesday afternoon, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) increasing 0.3% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) shedding 0.8%.In corporate news, Paramount Skydance (PSKY) won conditional approval from the European Commission for its acquisition of Warner Bros. Discovery (WBD). Paramount shares rose 2.5%, and Warner gained 0.3%.Uber (UBER) and Lyft (LYFT) were granted a preliminary injunction by US District Judge Gregory Woods, blocking a recently enacted New York City law protecting ride-share drivers from "wrongful deactivations." Uber shares fell 2%, and Lyft slumped 4.2%.Alaska Air (ALK) shares fell 3% after the airline issued a Q3 earnings outlook below market estimates and swung to a Q2 loss as higher fuel costs weighed on results.Philip Morris International (PM) reported better-than-expected Q2 results and reiterated its full-year outlook. The shares climbed 3.3%.

$ALK$LYFT$PM$PSKY$UBER$WBD
Sectors

Sector Update: Consumer Stocks Mixed Wednesday Afternoon

Consumer stocks were mixed Wednesday afternoon, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) increasing 0.4% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) shedding 0.6%.In corporate news, Alaska Air (ALK) shares fell 4.5% after the airline issued a Q3 earnings outlook below market estimates and swung to a Q2 loss as higher fuel costs weighed on results.Philip Morris International (PM) reported better-than-expected Q2 results and reiterated its full-year outlook. The shares rose 3%.AT&T's (T) Q2 earnings beat Wall Street's estimates on stronger-than-expected growth in wireless subscribers. The stock rose 2.7%.

$ALK$PM$T
Update: Equities Mixed Intraday as Traders Await Alphabet, Tesla Results
US Markets

Update: Equities Mixed Intraday as Traders Await Alphabet, Tesla Results

(Updates with latest market prices and developments.)US benchmark equity indexes were mixed intraday ahead of earnings releases from technology giants Alphabet (GOOG, GOOGL) and Tesla (TSLA), while oil prices advanced further.The Dow Jones Industrial Average was up 0.3% at 52,372.4 after midday Wednesday, while the S&P 500 edged up 0.2% to 7,520.4. The Nasdaq Composite ticked down 0.1% to 25,812.3. Among sectors, utilities paced the gainers, while consumer discretionary saw the steepest decline.Google parent Alphabet and electric vehicle manufacturer Tesla are scheduled to report their quarterly earnings after the markets close, along with Texas Instruments (TXN), IBM (IBM), ServiceNow (NOW) and CSX (CSX).West Texas Intermediate crude oil was up 2.4% at $86.32 a barrel intraday, while Brent advanced 2.7% to $93.47. Both benchmarks were on track for their fourth consecutive day of gains, with Brent briefly trading above $95 earlier Wednesday amid escalating tensions between the US and Iran.In a social media post Wednesday, US President Donald Trump vowed to destroy an Iranian bridge or power plant every time Tehran attacks ships in the Strait of Hormuz.Iran's Islamic Revolutionary Guard Corps said it hit Jordan's King Faisal and Prince Hassan bases with missiles and drones, claiming to have targeted US military equipment in response to recent American strikes, CNN reported. The US Central Command said Tuesday it struck Iran for the 11th consecutive evening.Four more tankers changed course in the Red Sea Wednesday following threats by Yemen's Iran-aligned Houthis to attack vessels using Saudi Arabian ports, Reuters reported.Treasury yields were higher intraday, with the two-year rate up 3.7 basis points at 4.3% and the 10-year rate rising 1.8 basis points to 4.65%.In corporate news, shares of Super Micro Computer (SMCI) jumped nearly 24% intraday, the best performer on the S&P 500. The company said in a preliminary business update late Tuesday that it received more than $60 billion in new orders during its fiscal fourth quarter. It raised the gross margin outlook for the period.Alaska Air (ALK) slumped 5.3% as the airline late Tuesday issued a downbeat third-quarter earnings outlook and swung to a second-quarter loss.Gold was up 1.8% at $4,151.20 per troy ounce, while silver gained 2% to $60.30 per ounce.

Dow JonesNasdaq CompositeS&P 500$ALK$CSX$GOOG$GOOGL$IBM$NOW$SMCI$TSLA$TXN
Sectors

Sector Update: Consumer

Consumer stocks were mixed Wednesday afternoon, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) increasing 0.5% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) shedding 0.4%.In corporate news, Alaska Air (ALK) shares fell 5% after the airline issued a Q3 earnings outlook below market estimates and swung to a loss in Q2 year over year as higher fuel costs weighed on results.

$ALK
Stocks Fall Pre-Bell Ahead of Alphabet, Tesla Earnings
US Markets

Stocks Fall Pre-Bell Ahead of Alphabet, Tesla Earnings

The main US stock measures were pointing lower in Wednesday's premarket activity as investors await the latest financial results of technology giants Alphabet (GOOG, GOOGL) and Tesla (TSLA) and monitor the ongoing Middle East conflict.The S&P 500 declined 0.3%, the Dow Jones Industrial Average edged down 0.1% and the Nasdaq was off 0.7% before the opening bell. The indexes ended Tuesday trading higher following a three-day slump.Google parent Alphabet and electric vehicle manufacturer Tesla are scheduled to report their quarterly earnings after the markets close, along with Texas Instruments (TXN), IBM (IBM), ServiceNow (NOW) and CSX (CSX).Philip Morris International (PM), GE Vernova (GE), AT&T (T), Northern Trust (NTRS) and RPM International (RPM) are expected to post their results before the bell, among others.West Texas Intermediate crude oil gained 4.2% to $87.91 a barrel in premarket action, while Brent increased 4.1% to $94.76.The US Central Command said Tuesday its forces completed another round of strikes against Iran as part of attempts to degrade its ability to threaten commercial ships in the Strait of Hormuz.At the ASEAN foreign ministers' meeting in the Philippines on Wednesday, US Secretary of State Marco Rubio accused Iran of not being serious about peace talks with the US, CNBC reported.Rubio reportedly said a key sticking point in talks with Iran was Tehran's demand for the right to control traffic through the Strait of Hormuz, arguing that allowing any country to control an international waterway would set a dangerous precedent.Treasury yields were mixed before the open, with the two-year rate down 0.1 basis points to 4.26% while the 10-year rate inclined 0.2 basis points to 4.63%.In a social media post on Tuesday, President Donald Trump said the import of all generic drugs into the US will be subject to zero tariffs for a two-year period, effective Aug. 1. Tariffs on the drugs would then rise to 100% for one year before increasing to 200% thereafter, according to Trump."This is done in order to reshore generic pharmaceutical production into America, with a penalty to those companies that decide not to build plant and equipment within the stated period of time given to them," Trump said.Wednesday's economic calendar has the weekly mortgage applications bulletin at 7 am ET, followed by the weekly EIA domestic petroleum inventories report at 10:30 am.Shares of Super Micro Computer (SMCI) jumped 17% before the bell after the company said it received more than $60 billion in new orders during its fiscal fourth quarter and raised its gross margin outlook. Dell Technologies gained 4.6% after closing the previous session up 6%.Alaska Air (ALK) decreased 1.3% as the airline issued a downbeat third-quarter earnings outlook and swung to a second-quarter loss. Rocket Lab (RKLB) advanced 4.5%.Gold traded up 1.2% at $4,124 per troy ounce, while bitcoin was down 0.7% at $65,922.

Dow JonesNasdaq CompositeS&P 500$ALK$CSX$DELL$GE$GOOG$GOOGL$IBM$NOW$NTRS$PM$RKLB$RPM$SMCI$T$TSLA$TXN
Alaska Air Issues Downbeat Earnings Outlook, Swings to Second-Quarter Loss
US Markets

Alaska Air Issues Downbeat Earnings Outlook, Swings to Second-Quarter Loss

Alaska Air (ALK) shares were down early Wednesday after the airline issued a third-quarter earnings outlook below market estimates and swung to a loss in the second quarter year over year as higher fuel costs weighed on results.The company expects its bottom line to be in a range of breakeven to adjusted earnings of $1 per share for the ongoing quarter, it said late Tuesday. The current consensus on FactSet is for non-GAAP EPS of $1.30. The stock declined 1.7% in the most recent premarket activity."Our second-quarter results were defined by a fuel spike outside our control - but underneath it, this company is executing better than ever," Chief Executive Ben Minicucci said. "Absent the fuel headwind, we would have delivered a solidly profitable quarter."For the three months through June, Alaska Air posted an adjusted loss of $0.92 a share, compared with earnings of $1.78 the year before. The Street had estimated a non-GAAP loss of $0.99. Operating revenue rose 10% to $4.07 billion, slightly below the average analyst estimate of $4.09 billion.Fuel cost surged 85% year over year to $4.43 per gallon, resulting in an incremental fuel expense of $600 million, the airline said. Total operating expenses rose to $4.23 billion from $3.43 billion.Revenue per available seat mile, or unit revenue, climbed 8.6% on an annual basis in the second quarter on capacity growth of 1%. Passenger revenue inclined 9% to $3.64 billion, while loyalty program and cargo and other revenue advanced 23% and 17%, respectively.The March rainstorms in Hawaii had a substantial impact on spring break travel in April and weighed on Alaska Air's system unit revenue by about three points in the quarter. However, demand remained resilient outside Hawaii, the company added.For the third quarter, revenue per available seat mile is expected to be up by low-double digits, supported by robust yields and demand, although Hawaii remains a two- to three-point headwind to the metric, according to the airline. Capacity is set to gain by 2% to 3%."Loads are recovering and new bookings are coming in at system level yields, showing demand returning to historical levels in September," the carrier said in its earnings release.Alaska Air anticipates a fuel price of $3.75 per gallon in the current quarter, reflecting fuel costs of $3.60 per gallon this month and average spot prices of $3.85 for August and September. "While fuel prices remain volatile, economic fuel cost is expected to come down from second quarter levels as refining margins have recently moderated," according to the company.Last week, United Airlines (UAL) forecast about $6 billion in additional fuel expense for 2026. Earlier in July, Delta Air Lines (DAL) said it expects an all-in fuel price of about $3.15 per gallon in the September quarter.Crude prices have remained elevated following renewed tensions between the US and Iran.

$ALK
Stocks Rise Pre-Bell as Investors Await More Earnings, Monitor Middle East Developments
US Markets

Stocks Rise Pre-Bell as Investors Await More Earnings, Monitor Middle East Developments

US equity futures were tracking in the green on Tuesday as traders await the latest batch of corporate earnings and assess the latest developments in the Middle East.The S&P 500 rose 0.5%, the Dow Jones Industrial Average gained 0.3% and the Nasdaq added 1.3% in premarket activity. The indexes closed the previous trading session lower.Charles Schwab (SCHW), Danaher (DHR), 3M (MMM), Northrop Grumman (NOC), General Motors (GM), D.R. Horton (DHI), Genuine Parts (GPC) and Hasbro (HAS) are some of the major companies scheduled to release their latest financial results before the bell.Interactive Brokers (IBKR) and Alaska Air (ALK) post earnings after the markets close, among others."The reporting calendar is shifting beyond the first wave of money-center banks toward large tech, industrial and consumer names," Tigress Financial said in a note Monday. "The narrative will increasingly focus on whether (artificial intelligence) platforms, cloud providers and key cyclicals can match the strong bank prints without sparking renewed worries about margins or demand."The UK Maritime Trade Operations said Tuesday it has received multiple reports that a tanker was struck by an unknown projectile in the Strait of Hormuz. The US Central Command said Monday its forces completed their latest round of strikes against Iran.A senior official from Tehran told Reuters that mediators have forwarded a 10-day ceasefire proposal to Iran in an attempt to revive the interim deal reached with the US last month. Houthi militants in Yemen on Monday declared a maritime embargo against Saudi Arabia, effective immediately, CNBC reported, citing Yemen News Agency.President Donald Trump said Monday that "every time Iran kills an American soldier they will pay for that killing many times over." The US recently confirmed the passing of at least three service members during recent fighting with Iran.West Texas Intermediate crude oil edged up 0.3% to $83.49 a barrel before the opening bell, while Brent increased 0.4% to $89.60.Trump signed three proclamations on Monday to impose 50% tariffs on the imports of motor vehicles, alcohol and dairy products from Canada, in response to its "discriminatory treatment of American products," according to the White House. The tariffs are set to come into effect after 30 days.Treasury yields were moving downwards in premarket action, with the two-year rate retreating 1.9 basis points to 4.2% and the 10-year rate off 0.4 basis points to 4.59%.Gold advanced 1.4% to $4,073 per troy ounce, while bitcoin climbed 1.9% to $66,296.

Dow JonesNasdaq CompositeS&P 500$ALK$DHI$DHR$GM$GPC$HAS$IBKR$MMM$NOC$SCHW
Wire

BofA Adjusts Price Target on Alaska Air Group to $65 From $60

Alaska Air Group (ALK) has an average rating of overweight and mean price target of $59.75, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)Price: $52.94, Change: $+0.74, Percent Change: +1.42%

$ALK
US Airlines Seen Setting Q3 Profit Guidance Above Consensus, UBS Says
US Markets

US Airlines Seen Setting Q3 Profit Guidance Above Consensus, UBS Says

US airlines are expected to issue above-consensus earnings guidance for the third quarter, while second-quarter profit likely met expectations, UBS Securities said Tuesday in a report.Jet fuel prices have fallen about 30% in the past month, and travel demand has stayed firm even as fares rose, the report said. Fuel costs had surged on Middle East supply disruptions, and prices have since eased after the US-Iran agreement to halt fighting and reopen the Strait of Hormuz.With fuel pressure easing from a year earlier and fares higher than in the second quarter, UBS expects revenue growth to accelerate in the third quarter.While there are some unit-cost headwinds for certain carriers, "the positive revenue and fuel dynamics are driving the expected EPS upside" for the third quarter," the report said.UBS projects low-double-digit to mid-teens revenue growth for major US airlines in the second quarter, with broadly in-line earnings.Demand remained solid through the quarter, consistent with company outlooks, and jet fuel generally tracked guidance assumptions, the report said.UBS named American Airlines Group (AAL) and United Airlines Holdings (UAL) as its top picks ahead of second-quarter results. American's profitability is highly sensitive to fuel prices and should benefit from strong industry demand, while United has "meaningful earnings upside" from revenue momentum and lower fuel costs, with room for full-year guidance to move higher, the report said.UBS reiterated its buy ratings on Delta Air Lines (DAL), Southwest Airlines (LUV) and Alaska Air Group (ALK).Price: $16.13, Change: $+0.05, Percent Change: +0.31%

$AAL$ALK$DAL$LUV$UAL
Wire

T-Mobile Former CEO Mike Sievert Named to Alaska Air Board

T-Mobile US' (TMUS) former Chief Executive Officer Mike Sievert was appointed to the board of directors of Alaska Air Group (ALK), the airline said Wednesday.Sievert currently serves as vice chairman of T-Mobile's board, following his tenure as CEO of the wireless carrier.Price: $42.43, Change: $-1.48, Percent Change: -3.37%

$ALK$TMUS
US Consumers' Air Travel Intentions Largely Steady Despite High Fuel Cost, UBS Survey Shows
US Markets

US Consumers' Air Travel Intentions Largely Steady Despite High Fuel Cost, UBS Survey Shows

US consumers' air travel intentions for leisure purposes leveled off in March year over year despite higher fuel costs and geopolitical concerns, UBS Securities said in a note sent Tuesday.The brokerage conducted a survey of 6,877 consumers across the world, including 1,754 in the US, from March to early April.Crude oil prices soared after the US and Israel launched attacks against Iran at the end of February, disrupting shipments through the crucial Strait of Hormuz.Plans to undertake leisure travel in the US over the next 12 months slipped to 82.8% from 83.1% a year ago, but remained above March 2024 levels, the survey results showed. Business travel intentions decreased on an annual basis, but rose from two years ago."The key takeaway was that intentions among US consumers to undertake leisure and business travel over the next 12 months remain high," UBS analysts, including Atul Maheswari, wrote in the note. "The survey results show that significantly more US consumers expect to increase spend in the next 12 months than spend less on their trips -- a trend that's consistent with last year's survey."There was an annual moderation in those citing plans to travel more with large US carriers Delta Air Lines (DAL), United Airlines (UAL), American Airlines (AAL), and Southwest Airlines (LUV), according to UBS. However, the number of consumers willing to travel about the same with each of the four airlines increased.Most consumers consider price as the most important factor when purchasing airline tickets for leisure travel, while about half of the survey respondents look at destination and airline brand, according to UBS."Airline brand was meaningfully more important than (three) years ago as was seat class. This should bode well for the larger airlines with a stronger loyalty/premium offering," Maheswari said, referring to Delta, United, American, and Alaska Air (ALK).Price: $68.35, Change: $-1.89, Percent Change: -2.69%

$AAL$ALK$DAL$LUV$UAL
Wire

Alaska Air Launches Nonstop Flight Service Between Seattle and Rome

Alaska Air (ALK) said Tuesday it launched its first nonstop daily seasonal flight service between Seattle and Rome, running from April 28 through Oct. 23.This new service will be operated on a 787-9 Dreamliner and enable connectivity between Hawai'i to and from Europe with a single stop via Seattle, according to a statement.The company also said it recently debuted its new global business class Suites experience, which applies to the new Rome flight service.Price: $40.17, Change: $-0.27, Percent Change: -0.66%

$ALK
Wire

Alaska Air Management Stays Upbeat Despite Weak Q1, Soft Q2 Guidance, Morgan Stanley Says

Alaska Air Group's (ALK) management struck a confident tone despite a weak Q1 and soft Q2 guidance, with internal initiatives progressing even as fuel prices rise, Morgan Stanley said Tuesday in a report.Q1 results were hit by severe weather, civil unrest in Mexico and higher fuel costs, though management said earnings would have been "well above" the midpoint of its original guidance excluding these items, Morgan Stanley said. Q2 faces more than $3 a share of fuel-driven EPS pressure, the report said.Alaska Air is working to offset higher jet-fuel costs, and management sees a potential path to 10% revenue growth in Q2 even with a two-point drag from Hawaiian Airlines, the report said.Key updates included a renewal of the credit-card partnership with Bank of America, which is expected to generate $1 billion of incremental revenue by 2030 and lift margins this year and next, the report said.Management reiterated its $10 EPS long-term target and said it expects to be operating at that earnings level in 2027, the report said.Morgan Stanley lowered its price target on Alaska Air stock to $78 from $80 and maintained its overweight rating.Price: $40.25, Change: $-1.20, Percent Change: -2.90%

$ALK
Research

Research Alert: CFRA Reiterates Buy Opinion On Shares Of Alaska Air Group Inc

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:We lower our 12-month target by $6 to $53, 7.5x our 2027 EPS estimate (rolled forward from 10.5x our 2026 EPS view), a discount to the 10-year mean of 11.5x reflecting heightened earnings risk due to fuel cost volatility and geopolitical uncertainty. We lower our 2026 EPS to -$0.76 from $5.60 and 2027's to $7.02 from $8.00, primarily reflecting a $600M fuel cost headwind in Q2. Despite our estimate cuts, we maintain our Buy rating as we believe shares are trading at attractive levels, representing a 40% discount to their 10-year average forward multiple. We view this as a fuel-driven cyclical headwind rather than a structural deterioration in ALK's competitive position. Additionally, corporate travel (+19% Y/Y in Q1) and premium revenue (+9% Y/Y in Q1) suggest underlying demand remains healthy. While near-term earnings visibility is limited due to fuel volatility, we believe ALK's strategic positioning, operational execution (Hawaiian integration), and valuation discount create an attractive entry point.

$ALK
US Markets

Stocks Rise Pre-Bell as Traders Weigh Uncertainty Over US-Iran Talks

US equity futures were pointing higher on Tuesday as traders monitor uncertainty over a potential fresh round of talks between the US and Iran and await the latest batch of corporate earnings.The S&P 500 and the Dow Jones Industrial Average rose 0.2% each in premarket activity, while the Nasdaq added 0.3%. The S&P 500 and the Nasdaq finished the previous trading session lower, with the latter snapping a 13-day winning streak, while the Dow was little changed.President Donald Trump said Vice President JD Vance is ready to leave for Pakistan for a second round of peace talks with Iran, according to a Bloomberg report. Iran, however, hasn't publicly confirmed if any representative from its side will participate in the latest proposed negotiations."We do not accept negotiations under the shadow of threats, and in the past two weeks, we have prepared to reveal new cards on the battlefield," Iranian Parliament Speaker Mohammad Bagher Ghalibaf said in a Monday post on X. Iran's President Masoud Pezeshkian said in a social media post that the country still has "deep historical mistrust" towards the US government's conduct.Trump said Monday that the US is not likely to extend its current ceasefire with Iran if a deal isn't agreed, Bloomberg News reported. The ceasefire is set to expire "Wednesday evening Washington time," Trump reportedly said."I'm not going to be rushed into making a bad deal," Trump said in a phone interview, according to Bloomberg. "We've got all the time in the world."The US-Iran ceasefire may be extended by up to two weeks, though it will take much longer to hammer out a complete peace agreement, Macquarie Group said in a note on Monday.West Texas Intermediate crude oil declined 1.2% to $88.55 a barrel before the opening bell, while Brent decreased 0.9% to $86.68."Oil prices are being whipsawed by developments in the Middle East once again, with what appears to be de-escalation quickly turning to re-escalation," ING Bank said in a Monday report.Treasury yields were moving upwards in premarket action, with the two-year rate gaining 2.1 basis points to 3.74% and the 10-year rate edging 0.6 basis points higher to 4.26%.GE Aerospace (GE), UnitedHealth (UNH), Danaher (DHR), Northrop Grumman (NOC), 3M (MMM), D.R. Horton (DHI), Tractor Supply (TSCO) and Genuine Parts (GPC) are scheduled to report their latest financial results before the bell, among others.Shares of Amazon.com (AMZN) inclined 2.7% pre-bell after the e-commerce giant said it will invest $5 billion in artificial intelligence startup Anthropic and up to another $20 billion in the future if certain commercial milestones are met.Apple (AAPL) nudged 0.3% lower after the iPhone maker announced that Tim Cook will step down as chief executive and become executive chairman, with hardware engineering veteran John Ternus set to succeed him as CEO. Alaska Air (ALK) fell 2.9% after reporting its latest quarterly results.Tuesday's economic calendar has the retail sales report for March at 8:30 am ET, followed by the pending home sales index for the same month at 10 am.Federal Reserve Chair nominee Kevin Warsh's hearing before the Senate Banking committee is slated for 10 am. Fed Governor Christopher Waller is expected to speak at 2:30 pm.Gold slipped 0.6% to $4,801 per troy ounce, while bitcoin traded up 0.4% at $76,575.

Dow JonesNasdaq CompositeS&P 500$AAPL$ALK$AMZN$DHI$DHR$GE$GPC$MMM$NOC$TSCO$UNH
Research

Research Alert: Alk: Q1 Loss Widens On Fuel Headwinds; Company Suspends Full-year Guidance

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:ALK reported Q1 adjusted EPS of -$1.68, widening from -$0.77 in the prior year and missing the -$1.55 consensus, while revenue of $3.3B (+5.2%) met expectations. Unit revenue rose 3.5%, led by strong corporate travel (+19%) and premium segments, but unit costs increased 6.3% from airport, maintenance, and pilot training pressures. The Hawaiian integration and Alaska Accelerate strategy are delivering results ahead of schedule, with Seattle-Tokyo achieving profitability and 90%+ load factors within a year of launch. Management suspended full-year guidance due to fuel cost volatility, though ALK maintains confidence in its long-term trajectory. Looking ahead, Q2 fuel costs are expected to average $4.50 per gallon, representing a 51% sequential increase and $600M headwind equivalent to $3.60/share. We believe the $10 2027 EPS target will be increasingly challenging given current fuel dynamics and guidance suspension, but operational excellence during integration demonstrates management's execution capabilities.

$ALK
US Markets

Stocks Down Pre-Bell Amid Renewed US-Iran Tensions

The benchmark US stock measures were tracking in the red before the opening bell Monday amid renewed tensions between the US and Iran, while investors prepare for a busy week of corporate earnings.The S&P 500, the Dow Jones Industrial Average and the Nasdaq declined 0.5% each in premarket activity. The indexes finished Friday's trading session higher, with the Nasdaq achieving its longest winning streak since 1992.In a social media post on Sunday, President Donald Trump said the US navy intercepted and seized an Iranian-flagged cargo ship in the Gulf of Oman. The US Central Command confirmed in a statement that its forces disabled the Iranian vessel following its attempts to sail toward an Iranian port.Last week, the US enforced a blockade of all maritime traffic entering and exiting Iranian ports after peace talks between Washington and Tehran in Pakistan failed to materialize a conclusive deal.In a separate post on social media, Trump said Iran violated its ceasefire agreement with the US by firing bullets at a French ship and a British freighter in the crucial Strait of Hormuz. Trump urged Iran to accept a "very fair and reasonable deal" offered by the US."If they don't, the United States is going to knock out every single power plant, and every single bridge, in Iran," Trump wrote.Iran on Sunday denied it would participate in a fresh round of negotiations with the US in Pakistan this week, CNBC reported, citing Tehran's state news agency. Trump said his representatives will be in Pakistan on Monday for talks.Over the weekend, Iran reversed its earlier decision to reopen the Strait of Hormuz for all commercial vessels, citing Trump's decision to keep the blockade of Iranian ports.West Texas Intermediate crude oil increased 5.9% to $88.76 a barrel in recent premarket action, while Brent rose 6% to $87.48.Treasury yields were trending upwards before the open, with the two-year rate inclining 2.7 basis points to 3.73% and the 10-year rate adding 2.2 basis points to 4.27%.Several major companies are scheduled to release their latest quarterly results this week, including electric vehicle manufacturer Tesla (TSLA), health insurance giant UnitedHealth (UNH), chipmaker Intel (INTC) and consumer goods company Procter & Gamble (PG).Cleveland-Cliffs (CLF) and Bank of Hawaii (BOH) are expected to post their earnings pre-bell, among others. Steel Dynamics (STLD) and Alaska Air (ALK) report their results after the markets close.TopBuild's (BLD) shares jumped 18% before the bell as the company agreed to be acquired by QXO (QXO) in a deal worth about $17 billion. USA Rare Earth (USAR) rose 3.4% after it agreed to purchase Serra Verde, the owner of the Pela Ema rare earth mine and processing plant in Brazil, in a deal worth about $2.8 billion.With no major economic reports scheduled for Monday, traders will be awaiting last month's retail sales report on Tuesday.Gold fell 1.3% to $4,816 per troy ounce, while bitcoin nudged up 0.5% to $75,342.

Dow JonesNasdaq CompositeS&P 500$ALK$BLD$BOH$CLF$INTC$PG$QXO$STLD$TSLA$UNH$USAR
Wire

Alaska Air Launches Partnership With Maintenance Planning Platform Tailsight

Alaska Air (ALK) said Thursday it is making an investment and launching a multiyear partnership with Tailsight, an AI-backed maintenance planning platform.Financial details were not provided.Tailsight's platform was designed to improve the maintenance planning process, focusing on downstream operational key performance indicators like labor and parts utilization to cut aircraft-on-ground time, Alaska Air said.Price: $42.69, Change: $+0.16, Percent Change: +0.38%

$ALK
Wire

US Airlines Head Into Q1 Earnings With Demand Trends, M&A Chatter in Focus, UBS Says

United Airlines (UAL), Alaska Air Group (ALK), American Airlines (AAL) and Southwest Airlines (LUV) are heading into next week's Q1 earnings with investor attention centered on demand trends, unit-revenue guidance and renewed consolidation speculation, UBS Securities said Tuesday in a report.Delta Air Lines' (DAL) strong demand trends and low-teens Q2 revenue outlook set a high bar for the sector, with investors watching whether peers can sustain similar momentum or show signs of normalization, the report said.For United Airlines, UBS expects mid-teens Q2 revenue growth and above-consensus earnings, supported by improving year-over-year comparisons at its Newark, New Jersey, hub, strong premium demand and scenario-based full-year guidance.American Airlines is expected to post mid-teens Q2 revenue growth with a modest earnings loss, with potential upside from corporate share recapture but a likely wider guidance range or suspension of full-year targets, the report said.Southwest Airlines is expected to deliver high-teens unit-revenue growth and above-consensus earnings, with a suspension of full-year guidance anticipated as the carrier continues to advance its transformation strategy, UBS said.Results are due for Alaska Air on Monday, United on Tuesday, Southwest on April 22 and American on April 23.United shares fell 2.5% in Wednesday trading, Alaska Air eased 0.2%, American rose 1.1%, Southwest gained 1.2%, and Delta advanced 1%.Price: $94.79, Change: $-2.38, Percent Change: -2.45%

$AAL$ALK$DAL$LUV$UAL

Showing 1-20 of 21

Track with the FINWIRES app suite

FolioX
FolioX
Track ALK in your portfolio
WheelAI
WheelAI
Analyze ALK options with the wheel strategy
StockInsider
StockInsider
See market sentiment on ALK