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☆ These smaller stocks could see big gains in 2024, Bank of America says
▼ + stars: | 2024-01-30 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +5 min

Against this backdrop, Bank of America on Monday released a list of best small- and mid-cap ideas for 2024. Strategist Jill Carey Hall added that this year's basket of 31 stocks has average 12-month potential upside of 29%, and is slightly tilted towards value stocks over growth. Shares of Bath & Body Works have trailed the market, rising 2.4% in 2023 and 0.4% so far in 2024. Bank of America also named United Airlines one of its top SMID ideas for 2024. Other names on Bank of America's list of SMID picks included e-commerce retailer Wayfair and aircraft leasing company Air Lease .

Persons: That's, Russell, Jill Carey Hall, Lorraine Hutchinson, Hutchinson, BofA, Geoff Meacham, Lou Gehrig's, Meacham, CyberArk, Tal Liani, Liani, Max, Andrew Didora, UAL, Didora, — CNBC's Michael Bloom Organizations: Wall, Bank of America, Monday, Body, Pharmaceuticals, TAM, United Airlines, Boeing, Bank of, Air Lease Locations: U.S, Amylyx, cybersecurity, CY26, Chicago

☆ Analysts bail on Southwest Airlines after its disappointing quarterly earnings
▼ + stars: | 2023-07-28 | by ( Hakyung Kim | ) www.cnbc.com time to read: +2 min

The analyst lowered his price target to $38 from $52, still implying 15% upside from Thursday's close. Raymond James also downgraded Southwest shares to outperform from strong buy, calling it a "Texas-size heartache." The firm reduced its price target to $40 from $47, implying a 21.1% rally. Bank of America decreased its price target on shares to $35 from $45, which implies just 6% upside from where shares ended Thursday. Southwest shares shed 0.6% Friday before the bell, following an almost 9% tumble during the previous trading session.

Persons: Michael Linenberg, Linenberg, Raymond James, Savanthi Syth, Syth, Andrew Didora, Didora, — CNBC's Michael Bloom Organizations: Southwest Airlines, Deutsche Bank, Deutsche, Southwest, Bank of America Locations: Alaska, American, United, Southwest, Texas

☆ These two cruise stocks and this chipmaker led the market higher this week
▼ + stars: | 2023-06-16 | by ( Alex Harring | ) www.cnbc.com time to read: +3 min

Wall Street is rolling into the long weekend with some positive momentum thanks to a group of stocks that caught fire this week. Stocks are poised to finish the busy week , which is filled with consumer price index and producer price index readings as well as the closely watched Federal Reserve policy announcement, higher. Cruise stocks Carnival and Norwegian were, respectively, on pace to be the best and third-best performing stocks. Both rallied this week following upgrades to Carnival shares from JPMorgan Chase and Bank of America. CCL RCL,NCLH YTD mountain The three public cruise lines Chipmaker Intel was also among the best performers this week with a gain of more than 15%.

Persons: Stocks, Andrew Didora, David Zinsner, —, Fred Imbert Organizations: Nasdaq, U.S, CNBC Pro, JPMorgan Chase, Bank of America, Royal, CCL, Intel, Bloomberg, Adobe Locations: Norwegian, Friday's, Royal Caribbean

☆ Cruise stocks soar as industry rebounds. Here's what analysts expect to happen next
▼ + stars: | 2023-06-14 | by ( Michelle Fox | ) www.cnbc.com time to read: +9 min

Carnival and Norwegian Cruise Line hit 52-week highs Wednesday, while Royal Caribbean did so Tuesday. RCL YTD mountain Royal Caribbean year to date For Farley, Royal Caribbean stands out because it has about 64% of its cruises in the Caribbean, a strong market. Investors now may be waiting to see if there will be more price target increases from analysts after the latest run up. Royal Caribbean has 3% downside to the average analyst price target of $92.77 as of Tuesday's close, per FactSet. Carnival has 21% downside to its average price target of $12.11, and Norwegian has 15% downside to its $16.60 average price target.

Persons: It's, Jason Liberty, Patrick Scholes, Robin Farley, Matthew Boss, Bank of America's Andrew Didora, Josh, Didora, Farley, Truist's Scholes, James Hardiman, Greg Badishkanian, Scholes, Managements, Boss, CNBC's Michael Bloom, Josh Weinstein Organizations: shutdowns, Wall Street, Cruise Line, Royal, CNBC, Royal Caribbean, JPMorgan Chase, Bank of America, CCL, Bank of America's, UBS, Argus Research, Citi, Wolfe Research, JPMorgan, Investors Locations: Royal Caribbean, U.S, Miami, Tuesday's, Caribbean, Norwegian

☆ Southwest launches one-way fares starting $49 for some routes
▼ + stars: | 2023-01-10 | by ( ) www.reuters.com time to read: +1 min

Jan 10 (Reuters) - Southwest Airlines Co (LUV.N) on Tuesday launched a limited fare sale for select one-way routes, days after the carrier's massive flight disruptions in December. The airline said it will offer the fares starting at $49 for certain one-way routes, with travelers required to make the purchase 21 days in advance. Southwest faced operational chaos during the peak holiday season due to a tech meltdown, forcing the carrier to cancel more than 16,000 flights that stranded passengers and invited scrutiny from the U.S. government. BofA Global Research on Tuesday cut the price target on the company's shares by $3 to $42 after the wave of cancellations. Reporting by Aishwarya Nair in BengaluruOur Standards: The Thomson Reuters Trust Principles.

Southwest finished first in economy and budget airline rankings published by the consumer research firm last May. Analysts say that Southwest's position among consumers remains strong despite the airline leaving hundreds of thousands of passengers stranded over the Christmas holiday weekend. "People think you're getting great value for the money," said Michael Taylor, managing director for travel, hospitality and retail at J.D. On Tuesday, the airline said it would issue 25,000 rewards points to anyone whose flight was affected. Taylor at J.D.

☆ Southwest is giving 25,000 frequent flier points worth $300 to passengers impacted by the airline's holiday travel meltdown
▼ + stars: | 2023-01-04 | by ( Jordan Hart | ) www.businessinsider.com time to read: +3 min

The airline is currently offering affected passengers 25,000 frequent flier points valued at over $300. The offer has caused long wait times for some passengers trying to claim points, reports say. The estimate includes both lost revenue from refunds and reimbursements for expenses like hotels and rental cars, CNBC reported. While Griff reported a 15-minute wait to receive points, another traveler told WSJ he had an estimated wait time of over an hour to redeem the 75,000 points offered to his party of three. In the email, Jordan reminded recipients that Rapid Rewards points don't expire, have no blackout dates, and can be used on Southwest gift cards.

☆ Southwest Airlines schedule stabilizes after holiday meltdown but costs are still piling up
▼ + stars: | 2023-01-03 | by ( Leslie Josephs | ) www.cnbc.com time to read: +3 min

Pristine Floyde searches for a friend's suitcase in a baggage holding area for Southwest Airlines at Denver International Airport on December 28, 2022 in Denver, Colorado. Southwest Airlines stabilized its schedule over the weekend after about 16,000 cancellations, but its systemwide holiday meltdown could cost it hundreds of millions of dollars. For comparison, from Dec. 21 through Dec. 29 Southwest had scrubbed about 45% of its operation, a far bigger share than other major airlines, according to FlightAware. Now come two more difficult tasks for Southwest: going through thousands of passenger reimbursement receipts and improving the internal technology that contributed to the meltdown. The Dallas-based airline is scheduled to report results on Jan. 26 but is likely to preview the meltdown's costs before then.

☆ TSA screened 15 million passengers last week, surpassing 2019 levels as travel demand continues to rise
▼ + stars: | 2022-10-31 | by ( Brady Macdonald | ) www.businessinsider.com time to read: +2 min

US airlines forecast the continued health of leisure travel heading into holidays. The TSA screened 15 million passengers last week at US airports, according to checkpoint data. Since the Labor Day holiday, airline traffic stalled out in September as the summer vacation season came to an end. Flight bookings have shown three straight weeks of steady improvements following a modest slow down after Labor Day, according to the report. The increased volume in international bookings more than offset a drop in prices for global travel, according to BofA.

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