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☆ Top Wall Street analysts recommend these stocks for the long haul
▼ + stars: | 2024-06-23 | by ( Tipranks.Com Staff | ) www.cnbc.com time to read: +6 min

Against that uncertain backdrop, Wall Street analysts are focused on identifying stocks with solid fundamentals and strong long-term growth prospects. In that climate, here are three stocks favored by the Street's top pros, according to TipRanks, a platform that ranks analysts based on their past performance. Finally, Feinseth mentioned Microsoft's strong financial position, which supports enhanced shareholder returns and enables investments in the company's AI ambitions. The company's Zscaler Zero Trust Exchange platform securely connects users, devices and applications by protecting them from cyberattacks and data loss. Following the Zenith Live 2024 event, Baird analyst Shrenik Kothari reaffirmed a buy rating on Zscaler stock with a price target of $260.

Persons: Kevin Scott, TD Cowen, Helane Becker, Becker, TipRanks, OpenAI, Ivan Feinseth, Feinseth, Baird, Shrenik Kothari, Zscaler, Kothari Organizations: Microsoft, Technology, Artificial, Seattle Convention Center, Federal Reserve, Street, Delta Air, Delta Air Lines, DAL, Delta, Activision Blizzard, Zero, Zenith Locations: Seattle, Seattle , Washington, Toronto, Delta

☆ TD Cowen's Helane Becker says these U.S. airlines are buys on strong summer travel demand
▼ + stars: | 2024-05-16 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailTD Cowen's Helane Becker says these U.S. airlines are buys on strong summer travel demandHelane Becker, TD Cowen senior airlines analyst, joins 'Power Lunch' to discuss the anatomy of the consumer in the travel sector.

Persons: Helane Becker, TD Cowen

☆ Did You Make Your Connecting Flight? You May Have A.I. to Thank.
▼ + stars: | 2024-05-10 | by ( Julie Weed | ) www.nytimes.com time to read: +1 min

Last month in Chicago, a United Airlines flight to London was ready to depart, but it was still waiting for 13 passengers connecting from Costa Rica. The airline projected they’d miss the flight by seven minutes. The system also sent text messages to the late-arriving passengers and the people on the waiting jet to explain what was happening. still might not be able to find space for your carry-on, but it could help put an end to the 40-gate dash — sprinting to catch your connecting flight before the door slams shut — as well as other common travel headaches. Alaska Airlines, American Airlines and others have been working to develop new A.I.

Persons: It’s, Helane Becker, TD Cowen Organizations: United Airlines, . Alaska Airlines, American Airlines Locations: Chicago, London, Costa Rica, —

☆ TD Cowen's Helane Becker talks Boeing's mounting problems weighing on airline stocks
▼ + stars: | 2024-03-12 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailTD Cowen's Helane Becker talks Boeing's mounting problems weighing on airline stocksHelane Becker, TD Cowen senior research analyst, joins 'Closing Bell Overtime' to talk how Boeing's mounting issues are weighing on the airline sector as stocks like Southwest are dragged to multi-year lows.

Persons: Helane Becker, TD Cowen

Airfare fell 6.4% in January from a year earlier, the Labor Department said in its monthly consumer price index report on Tuesday. January is typically a slower month for travel as customers take fewer trips following the New Year's holiday. The drop comes even though carriers are facing capacity constraints this year, in part because of an engine recall from Pratt & Whitney , congested airspace and delayed aircraft deliveries. In 2023, airlines had been forced to discount flights, particularly in off-peak periods, after the industry added capacity. ...Those operating environment challenges led directly to industry capacity plans, including our own, coming down 3 points on average as carriers adapted to the new operating environment," Kirby said.

Persons: Airfare, TD Cowen, Helane Becker, Hopper, Ed Bastian, haven't, Bastian, Max, Scott Kirby, Kirby Organizations: Labor Department, Pratt & Whitney, Airlines, Delta, Boeing, Max, Federal Aviation Administration, Company, United Airlines, International Air Transport Association, CNBC PRO Locations: Southwest, Alaska, United

☆ Troubled Spirit Airlines’ shares rebound despite more losses ahead
▼ + stars: | 2024-01-19 | by ( Chris Isidore | ) edition.cnn.com time to read: +3 min

The discount airline said in the filing that it expects to beat analysts’ expectations for the end of the year. Shares of Spirit fell 47% in trading Tuesday after the court blocked the acquisition by JetBlue and another 22% on Wednesday. Other analysts didn’t predict bankruptcy or liquidation, but still forecast a difficult course for Spirit trying to make it on its own. It put its operating losses between $158 million to $172 million, down from the $178 million operating loss in the third quarter, and better than forecasts of a $197 million loss. Following $1 billion in losses in 2020 and 2021, the company lost $264 million in the first nine months of 2023.

Persons: Spirit, Cowen, Helane Becker, ” Organizations: New, New York CNN, Spirit Airlines, JetBlue Airways, JetBlue, Airbus, JPMorgan Locations: New York

☆ Spirit Airlines goal should be to preserve value as much as they can, says TD Cowen's Helane Becker
▼ + stars: | 2024-01-19 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailSpirit Airlines goal should be to preserve value as much as they can, says TD Cowen's Helane BeckerHelane Becker, TD Cowen senior research analyst, joins 'Money Movers' to discuss why bankruptcy is the best plan for Spirit Airlines, Chapter 7 liquidation could be the best case, and more.

Persons: Cowen's Helane Becker Helane Becker, TD Cowen Organizations: Spirit Airlines

☆ Analyst: Spirit Airlines could be forced out of business after JetBlue deal is blocked
▼ + stars: | 2024-01-18 | by ( Chris Isidore | ) edition.cnn.com time to read: +7 min

New York CNN —Spirit Airlines could end up in bankruptcy and be forced out of business because of a federal court decision to block a proposed sale to JetBlue Airways, according to a note from an airline analyst. “We believe Spirit will first look for an alternative buyer, but another airline may get the same pushback [from antitrust regulators. Its fares prompted major airlines to offer a certain number of no-frills “basic economy” seats on their planes. It also prompted concerns that its purchase by JetBlue would lead to higher fares across the industry — concerns which resulted in the Justice Department’s antitrust case that blocked the deal. “While we are disappointed with this [court decision] outcome, we are confident in our strengths and strategy,” said a company statement sent to CNN.

Persons: Helane Becker, Cowen, “, ”, Becker, General Merrick Garland, Pete Buttigieg, ” Buttigieg, Fitch, it’s, William Young Organizations: New, New York CNN — Spirit, JetBlue Airways, JetBlue, Transportation, Refinitiv, JPMorgan Chase, CNN, Airbus, Boeing, lessors, Federal, Spirit Locations: New York, Spirit’s, U.S

☆ Failed JetBlue takeover could force Spirit to slash fares, restructure as carrier grasps for a path
▼ + stars: | 2024-01-17 | by ( Leslie Josephs | ) www.cnbc.com time to read: +1 min

Spirit Airlines is on shaky footing after JetBlue Airways ' proposed $3.8 billion takeover of the budget carrier was blocked by a federal judge this week. Industry-watchers say the carrier could be forced to cut its already low fares even more. Some Wall Street analysts argue the discount carrier could have to restructure, if not liquidate. A potential bankruptcy could force the airline, known for its low fares and fees for everything else like seat selection and cabin baggage, to slash fares even more. "We may see some shocking prices on major Spirit routes as the carrier tries to bring as much cash in the door as possible," Becker wrote.

Persons: Helane Becker, Cowen, Becker Organizations: JetBlue Airways, Industry, Pratt & Whitney

A sale to JetBlue represented a lifeline for Spirit, which faces $1.1 billion in debt maturing next year. But a federal judge in Boston scuttled that plan by ruling Tuesday that JetBlue’s $3.8 billion proposal to buy Spirit violates antitrust law. But Frontier has its own challenges and is in no position to renew merger discussions with Spirit now, Baker said. Like Spirit, JetBlue has not had a profitable year since 2019, before the pandemic. Investors are also trying to gauge what the ruling against the JetBlue-Spirit deal means for Alaska Airlines' pending proposal to buy Hawaiian Airlines.

Persons: Airlines hasn’t, haven’t, William Young's, ”, Helane Becker, Cowen, “, Jamie Baker wasn’t, ” Baker, Baker, Judge Young, Young, Robin Hayes –, Biden, hasn't, Michael Linenberg Organizations: Airlines, JetBlue, Justice Department, Bank of America, Pratt & Whitney, Airbus, Frontier Airlines, –, Investors, Alaska Airlines, Hawaiian Airlines, Deutsche Bank, Spirit, American Airlines Locations: Boston, Miramar , Florida, Alaska

☆ These stocks will be the biggest S&P 500 winners of 2024, according to analysts
▼ + stars: | 2024-01-01 | by ( Pia Singh | ) www.cnbc.com time to read: +4 min

Using the CNBC Pro Stock Screener Tool , we looked for S & P 500 stocks that analysts project will have the best performance in 2024 according to their consensus price targets. Halliburton's stock price dipped 8.1% last year, while shares of Marathon Oil similarly went down, losing 10.9%. Analysts' consensus price targets on both stocks indicate more than 34% upside over the next 12 months from Friday's close. Their average price targets suggest shares of Delta Air Lines and United Airlines Holdings have upside of more than 31% and 42%, respectively. Analysts have a consensus price targets of $95.20 on the stock, suggesting shares could gain roughly 28% this year, adding to its 18.3% gains in 2023.

Persons: Stocks, Morgan Stanley, Raymond James, Cowen's, Helane Becker, Becker, Bernstein, Stacy Rasgon Organizations: Nvidia, Warner Bros, CNBC, Halliburton, Marathon Oil, Analysts, UBS, Airlines, Delta Air Lines, United Airlines Holdings, American Express, . Insurance, Arch, Evercore ISI, Arch Capital, Discovery, Moderna Locations: Friday's

☆ Hawaiian Airlines' parent surges on $1.9 bln buyout deal with Alaska Air
▼ + stars: | 2023-12-04 | by ( Ananta Agarwal | ) www.reuters.com time to read: +2 min

Hawaiian Airlines airplanes sit idle on the runway at the Daniel K. Inouye International Airport due to the business downturn caused by the coronavirus disease (COVID-19) in Honolulu, Hawaii, U.S. April 28, 2020. REUTERS/Marco Garcia/File Photo Acquire Licensing RightsDec 4 (Reuters) - Shares of Hawaiian Holdings (HA.O), the parent of Hawaiian Airlines, nearly tripled on Monday after Alaska Air Group (ALK.N) agreed to acquire it for $1.9 billion, including debt. Hawaiian Holdings hasn't reported an adjusted profit in three yearsAlaska and Hawaiian said on Sunday the deal, valued at $929.4 million on an equity basis, will expand their networks and offer more choices to passengers. The deal will enable Alaska to grow in the lucrative Asia Pacific market, while Hawaiian customers can travel non-stop to the U.S. mainland, Becker added. Shares of Seattle-based Alaska Air were down 17.6%.

Persons: Daniel K, Marco Garcia, TD Cowen, Helane Becker, Becker, Craig Jenks, Biden, Ananta Agarwal, Shivansh, Krishna Chandra Eluri Organizations: Airlines, Inouye, REUTERS, Hawaiian Holdings, Hawaiian Airlines, Alaska Air Group, Airbus, Alaska Air, Holdings, Sunday, Asia, Airline, Aircraft, U.S . Justice, JetBlue, Spirit Airlines, Thomson Locations: Honolulu , Hawaii, U.S, Maui, Alaska, Asia Pacific, New York, premarket, Seattle, Bengaluru

☆ TD Cowen's Helane Becker explains her top airline pick for 2024
▼ + stars: | 2023-12-01 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailTD Cowen's Helane Becker explains her top airline pick for 2024Helane Becker, TD Cowen senior research analyst, joins 'Squawk Box' to discuss her top pick in the airline sector, travel demand outlook, and more.

Persons: Helane Becker, TD Cowen

☆ UPS cuts annual revenue forecast on weak delivery demand
▼ + stars: | 2023-10-26 | by ( ) www.reuters.com time to read: +2 min

Signage is seen on a United Parcel Service (UPS) vehicle at a facility in Brooklyn, New York City, U.S., May 9, 2022. It expects full-year revenue between $91.3 billion and $92.3 billion, compared with a prior forecast of about $93 billion. The company also cut its annual adjusted operating margin to between 10.8% and 11.3% compared to prior forecast of about 11.8%. The entire industry is fighting for market share as demand from e-commerce delivery weakens. UPS has been cutting jobs and leaning on technology to help offset falling e-commerce demand, weak export and industrial production and the cost hit from its new labor contract.

Persons: Andrew Kelly, TD Cowen, Helane Becker, Carol Tomé, Priyamvada C, Lisa Baertlein, Arun Koyyur Organizations: United Parcel Service, REUTERS, Teamsters, Revenue, UPS, Reuters, Thomson Locations: Brooklyn , New York City, U.S

Shares of United Airlines tumbled more than 7% on Wednesday morning and took the rest of the industry down with them after the carrier gave a gloomy outlook for fourth-quarter profit, which will be reduced by rising jet fuel prices. In addition, United's revenue could be disappointing the longer that flights to Israel are suspended for the Israel-Hamas war. United reported after the market closed Tuesday that it earned $1.14 billion in the third quarter, beating Wall Street expectations for profit and revenue. Investors, however, focused immediately on the airline's prediction that fourth-quarter earnings would be between $1.50 and $1.80 per share, well below analysts' forecast of $2.09 per share. All three suspended their service shortly after Hamas militants attacked Israel on Oct. 7.

Persons: ” Cowen, Helane Becker, Becker Organizations: United Airlines, ”, Delta Air Lines, American Airlines Locations: Israel, Tel Aviv, San Francisco , Washington, Newark , New Jersey

☆ TD Cowen's Helane Becker on FedEx's earnings beat: The company delivers a good value proposition
▼ + stars: | 2023-09-21 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailTD Cowen's Helane Becker on FedEx's earnings beat: The company delivers a good value propositionHelane Becker, TD Cowen managing director, joins 'Squawk Box' to discuss FedEx's quarterly earnings results, which reported stronger than expected profits but missed on revenue estimates, and more.

Persons: Helane Becker, TD Cowen

☆ Travel boom not enough to drive profits at US budget airlines Frontier, Spirit
▼ + stars: | 2023-09-21 | by ( Rajesh Kumar Singh | ) www.reuters.com time to read: +5 min

REUTERS/Alyssa Pointer/File Photo Acquire Licensing RightsCHICAGO, Sept 21 (Reuters) - Travel boom has delivered bumper earnings for U.S. carriers, but no-frills airlines such as Frontier (ULCC.O) and Spirit (SAVE.N) are struggling to return to sustainable profitability. Frontier is watching the trend "very carefully" and would consider adding premium seats if it lasts for multiple years, he said. Frontier's Biffle called adding premium seats a "big decision" and a "fairly expensive" move. Spirit shares are down 18%. PRICE-SENSITIVE TRAVELERSCEOs of budget carriers, however, don't see the model losing its appeal as long as fares determine travel bookings.

Persons: Alyssa Pointer, Barry Biffle, Biffle, Jude Bricker, Bricker, Frontier's Biffle, Andrew Levy, Scott Kirby, Helane Becker, Cowen, Jacob Brown, Brown, Rajesh Kumar Singh, Nick Zieminski Organizations: Hartsfield, Jackson Atlanta International Airport, REUTERS, Rights, Graphics, Frontier, Reuters, Sun, Privately, Avelo Airlines, United, Delta, United Airlines, Airlines, America, Thomson Locations: Atlanta , Georgia, U.S, Europe, Asia, , Minneapolis, Denver

☆ Delta stock still has a lot of upside, says TD's Helane Becker
▼ + stars: | 2023-07-13 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailDelta stock still has a lot of upside, says TD's Helane BeckerHelane Becker, TD Cowen, joins 'The Exchange' to talk Delta AIrlines, the state of the airline space and more.

Persons: TD's Helane Becker Helane Becker, TD Cowen Organizations: Delta AIrlines

☆ Delta's record stock run: What you need to know
▼ + stars: | 2023-06-16 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailDelta's record stock run: What you need to knowHelane Becker, Cowen managing director, joins 'Squawk on the Street' to discuss Delta's record stock run, why she thinks the upcoming two long weekends are big tests for the airline industry and more.

Persons: Helane Becker, Cowen

☆ TipRanks reveals the top 10 services sector analysts of the past decade
▼ + stars: | 2023-06-04 | by ( Tipranks.Com Staff | ) www.cnbc.com time to read: +4 min

TipRanks recognized the 10 best analysts in the services sector for identifying the best investment opportunities. TipRanks leveraged its Experts Center tool to zoom in on analysts with a high success rate, and analyzed every recommendation made by analysts in the services sector over the past decade. TipRanks' algorithms calculated the statistical significance of each rating, the average return, and analysts' overall success rate. Top 10 analysts from the consumer goods sectorThe image below shows the most successful Wall Street analysts from the services sector. Jake Bartlett - Truist FinancialJake Bartlett has the 10th spot on the list, with a success rate of 66%.

Persons: JACK CELH TFII, Simon Dawson, TipRanks, Jason Seidl, Cowen Jason Seidl, Patrick Brown, Raymond James Patrick Brown, Scot Ciccarelli, Brian Nagel, Oppenheimer Brian Nagel, Carlo Santarelli, Gary Prestopino, Barrington, Helane Becker, Cowen, Walter Spracklin, Spracklin, Jeff Van Sinderen, Jake Bartlett Organizations: Deutsche Bank, Reuters, Truist, FIVE, Caesars Entertainment, United Airlines Holdings, RBC, RBC Capital, TFI, Holdings Locations: London, Britain, Canadian

☆ Despite all odds, consumers are still traveling this summer. Here are the stocks you need to own
▼ + stars: | 2023-05-26 | by ( Michelle Fox | ) www.cnbc.com time to read: +11 min

Yet despite all odds, 61% of those surveyed said they plan to travel this summer, up from the 49% who said the same in summer 2021. Some 56% of adults are more likely to stay in a hotel this summer than they were in 2022, according to the AHLA/Morning Consult survey. Booking Holdings is also an analyst favorite, with an average rating of overweight and 10% upside to the average price target, per FactSet. While prices are still high, the latest consumer price index for April showed the airline fares index fell 2.6% month over month, after rising in February and March. Airlines are essentially sold out for summer travel, according to TD Cowen analyst Helane Becker.

Persons: Matt Kramer, They're, You've, Sylvia Jablonski, Kramer, Freed, Bernstein, David Vernon, Price, Robin Farley, Farley, James Hardiman, Hardiman, Josh Weinstein's, RevPar, Tony Capuano, Chris Nassetta, Biden, Hilton, they've, Airbnb, Brian Chesky, it's, Evercore, Mark Mahaney, amortization, Mahaney, Cowen, Helane Becker, Becker, — CNBC's Michael Bloom, Ashley Capoot Organizations: KPMG, KPMG Consumer, Survey, Cruise ETF, Royal, Holdings, Marriott, United Airlines, Morning, American, & Lodging Association, Cruises, UBS, Citi, CCL, CNBC, Hilton Worldwide, U.S . Travel Association, State Department, Booking Holdings, Booking, Airlines, Delta Air Lines, Copa Holdings, Panamanian, Copa Airlines Locations: United States, Royal Caribbean, United, Caribbean, CocoCay, Thursday's, China, North America, Asia, Europe

[1/2] An American Airlines Airbus A321-200 plane takes off from Los Angeles International airport (LAX) in Los Angeles, California, U.S. March 28, 2018. In his ruling, U.S. District Judge Leo Sorokin said the partnership "substantially diminishes competition in the domestic market for air travel." Garland said the Justice Department will continue to protect competition and enforce U.S. antitrust laws across industries, including the airline industry. The judge gave the airlines 30 days to end the alliance. TD Cowen analyst Helane Becker said she believes the American JetBlue ruling "has negative implications for the JetBlue/Spirit merger."

In his ruling, U.S. District Judge Leo Sorokin said the partnership "substantially diminishes competition in the domestic market for air travel." American is the largest U.S. airline by fleet size and low-cost carrier JetBlue is the sixth-largest. The Justice Department did not immediately respond to a request for comment. The judge gave the airlines 30 days to end the alliance. TD Cowen analyst Helane Becker said she believes the American JetBlue ruling "has negative implications for the JetBlue/Spirit merger."

☆ WestJet pay debate sets scene for Air Canada's pilots
▼ + stars: | 2023-05-18 | by ( Allison Lampert | ) www.reuters.com time to read: +3 min

MONTREAL, May 18 (Reuters) - A faceoff this week between WestJet Airlines and its pilots over pay could set the stage for aviators' demands in future bargaining with Air Canada (AC.TO). It would be the first major pilots' strike in Canada since 1998, according to a spokesperson for Canada's Labor Minister Seamus O'Regan, who is at the talks. ALPA president Jason Ambrosi recently told Reuters that a key priority is to narrow the pay gap between Air Canada pilots and their U.S. counterparts, echoing the union's demand for a "North American" contract at WestJet. Gradek added there is a group of Air Canada pilots "who have been chomping at the bit" to get a significant bump in wages. Air Canada pilots, who have received a 2% wage increase per year since 2014, have complained Delta’s latest hourly pay rates are up to 45% higher.

☆ It’s Not Your Imagination: First Class Is Getting Bigger
▼ + stars: | 2023-05-18 | by ( Julie Weed | ) www.nytimes.com time to read: +2 min

Premium seat prices fell during the pandemic because business travelers weren’t flying, said Mr. Slotnick, giving leisure travelers a chance to experience life at the front of the plane in first, business and premium economy seats. Aircraft are being upgraded with more premium seating to increase revenue per flight, Mr. Lopinto said. United, for example, has increased the capacity of domestic premium seating — which includes Economy Plus and first class — by 25 percent overall compared with the beginning of 2019. In North America, there will be more than 53 premium seats per flight by 2026, about 75 percent more than there were in 2019. On some planes that fly internationally, United expanded the number of business class seats to 46 from 30 by removing some of the economy seats.

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