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United Airlines – The stock soared 11% after the airline posted an earnings and revenue beat for the third quarter and guided for a strong fourth quarter. In addition, United said it is starting a $1.5 billion share buyback, its first since before the Covid pandemic. The firm posted earnings of $1.88 per share, higher than the $1.58 expected by a LSEG analyst poll. J.B Hunt Transport Services – Shares added 3.4% after the company posted a top and bottom line beat. J.B. Hunt posted $1.49 earnings per share on $3.07 billion of revenue in the third quarter.
Persons: United, Morgan Stanley, Novocure, J.B, Hunt, LSEG, Aspen Aerogels, FactSet, Prologis, Hamid Moghadam, , Alex Harring, Hakyung Kim, Samantha Subin, Pia Singh, Michelle Fox Organizations: Food and Drug Administration, United Airlines, Revenue, Cisco Systems, Citi, Food, ASML, J.B Hunt, Aspen, of Energy, U.S . Bancorp, General Motors, Lithium Americas Corp Locations: Dutch, U.S
Cisco Systems — The networking technology stock added nearly 2% on the heels of a Citi upgrade to buy from neutral. The firm's earnings came in at $1.88 per share, versus the $1.58 expected by a LSEG analyst poll. Revenue was $15.38 billion versus the $14.41 billion consensus estimate. United also announced a $1.5 billion share buyback, its first since before the pandemic. J.B Hunt Transport Services — Shares jumped more than 7% after the company's third-quarter results topped expectations.
Persons: Novocure, Morgan Stanley —, accidently, J.B, Hunt, LSEG, — CNBC's Sean Conlon, Alex Harring, Sarah Min, Michelle Fox, Hakyung Kim Organizations: Cisco Systems, Citi, U.S . Food, Drug Administration, Revenue, United Airlines, United, Hunt, Locations: U.S
United Airlines — The travel stock dipped less than 1% despite United's third-quarter report beating estimates on the top and bottom lines. United reported adjusted earnings of $3.33 per share on $14.84 billion of revenue. Interactive Brokers — Shares of the brokerage firm fell more than 3% after third-quarter earnings missed expectations. J.B. Hunt Transport Services — The freight shipping company surged 8% after beating third-quarter estimates on the top and bottom lines. J.B. Hunt reported earnings of $1.49 per share on $3.07 billion of revenue.
Persons: LSEG, . Hunt Organizations: . United Airlines —, United, Interactive, Hunt Transport Services
And, with earnings season set to ramp up, that could mean further gains. Already, on Friday, JPMorgan Chase and Wells Fargo were rallying in midday trading after reporting their latest results this week, an auspicious start to the earnings season. A strong earnings season Earnings results next week will be dominated by reports from the banking sector, giving investors further insight into the health of the capital markets as well as the consumer. Several regional banks are also set to announce how they did in the most recent quarter as well, such as PNC Financial Services Group and Citizens Financial Group. Even so, investors are optimistic about the outlook for corporate profits this earnings season, especially with expectations having come down.
Persons: what's, Oppenheimer, Wells Fargo, Charlie Ashley, Ashley, Goldman Sachs, Morgan Stanley, Ross Mayfield, Catalyst's Ashley, Baird's Mayfield, Mayfield, Charles Schwab, Huntington Bancshares Organizations: Dow Jones, Tech, Nvidia, JPMorgan Chase, Traders, Federal Reserve, Catalyst Funds, Nasdaq, Ashley . Bank of America, PNC Financial Services Group, Citizens Financial Group, Private Wealth Management, Treasury, Columbus, Columbus Day, Index, United Airlines, Hunt Transport Services, Citigroup, State, Goldman Sachs Group, Walgreens Boots Alliance, Johnson, Bank of America, PNC Financial Services, UnitedHealth, Price, PPG Industries, Steel Dynamics, Discover Financial Services, CSX, Abbott Laboratories, U.S . Bancorp, Financial Group, Philadelphia Fed, Retail, Manufacturing, Netflix, T Bank Corp, Elevance, Truist, Blackstone, Housing, Schlumberger, Procter, Gamble, Fifth Third Bancorp, Regions Financial, American Express Locations: Ashley, bullish, Prologis, NAHB
A look back in history shows how a key group of transportation stocks performed the last time there was a major port strike, according to Wolfe Research. Against that backdrop, Scott Group, a senior analyst covering freight transportation at Wolfe, looked at transportation stocks in 2002, the last time there was a major port strike in the U.S. That strike, which lasted just 11 days and affected only West Coast ports, hurt transportation stocks throughout the protest, he said. But those same stocks staged a major comeback in the month after the strike ended. Here are how some key stocks performed during and after the last major strike. Robinson Worldwide was among the biggest laggards during the last port strike.
Persons: Wolfe, Joe Biden, Taft, Hartley, C.H, Robinson, It's Organizations: Wolfe Research, International Longshoremen's Association, Eastern Seaboard, Scott Group, ISI, Hunt Transport Services, FedEx, Norfolk Locations: North America, of Mexico, Eastern, Wolfe, U.S, West Coast, Norfolk Southern
US Bancorp -- The bank stock rose more than 1% after second-quarter earnings topped expectations. US Bancorp reported 97 cents in earnings per share, compared to a StreetAccount estimate of 94 cents per share, according to FactSet. J.B. Hunt Transport Services — The freight company pulled back about 3% after second-quarter results missed Wall Street's estimates. Omnicom notched earnings of $1.95 per share excluding items, which was in line with analyst forecasts polled by FactSet. The company expects earnings per share in a range of $9.97-$10.07, down from a prior guidance of $10.57-$10.72.
Persons: Biden, Joel Anderson, Morgan Stanley, J.B, Johnson, FactSet, , Sarah Min, Jesse Pound Organizations: Bloomberg News, Biden Administration, Nvidia, Taiwan Semiconductor, AMD, VanEck Semiconductor, Evercore ISI, Mizuho Securities, US Bancorp, Hunt Transport Services, FactSet, , V.F . Corporation, Omnicom, Reuters, Datadog, Johnson Locations: China
Elevance expects adjusted earnings of at least $37.20 for 2024, while analysts polled by FactSet called for $37.28 per share. Second-quarter adjusted earnings and revenue came in slightly ahead of estimates. Omnicom — Shares of the corporate communications company fell 8% despite beating revenue expectations for the second quarter. Omnicom posted adjusted earnings of $1.95 per share, which came out in line with analyst forecasts polled by FactSet. Johnson & Johnson reported adjusted earnings of $2.82 per share on $24.45 billion in revenue.
Persons: Biden, ASML, Elevance, FactSet, Charles Schwab —, Cowen, Charles Schwab's, Omnicom, Datadog, Jefferies, Johnson, Johnson —, LSEG, , Jesse Pound, Hakyung Kim, Samantha Subin, Lisa Kailai Han, Michelle Fox Organizations: Bloomberg News, Biden Administration, Nvidia, AMD, Taiwan Semiconductor Manufacturing, VanEck Semiconductor, Qualcomm, HSBC, Hunt Transport Services, Revenue, FactSet, Reuters, UnitedHealth, Johnson, . U.S, Bancorp, U.S . Bancorp, Corporation, UBS Locations: China, ., V.F
The company also posted bleak guidance on earnings and revenue for the second quarter. Interactive Brokers — The electronic broker gained about 1% after beating adjusted earnings and revenue expectations for the second quarter. Interactive Brokers posted adjusted earnings of $1.76 on revenue of $1.29 billion, while analysts expected $1.74 per share in earnings on $1.27 billion in revenue, per LSEG. Earnings came out at $1.32 per share, while analysts polled by LSEG expected $1.52 per share. Omnicom posted a slight beat in revenue, however, reporting $3.85 billion, while analysts polled by FactSet expected $3.83 billion.
Persons: Joel Anderson, Kenneth Bull, J.B, LSEG, FactSet, Omnicom, Hancock Whitney —, Hancock Whitney, Darla Mercado Organizations: Hunt Transport, Revenue
IWM 5D mountain iShares Russell 2000 ETF Next week's earnings results will help investors glean whether that rotation trade is sustainable. The Dow Jones Industrial Average, which is weighted more toward the real economy than is the S & P 500 and Nasdaq, rose to a new record above 40,000. According to FactSet consensus estimates, S & P 500 companies are set to post blended earnings growth of 9.2% in the second quarter. "It's not unthinkable to see us exiting this year at 5,800 on the S & P," he said. This follows a difficult 2Q, when 75% of Large Cap Core managers trailed the S & P 500," Palfrey wrote.
Persons: Patrick Palfrey, Hogan, Keith Buchanan, Buchanan, Palfrey, David Sekera, Quincy Krosby, Goldman Sachs, Morgan Stanley, Huntington Organizations: Nasdaq, UBS, Investors, Riley, Dow Jones, Globalt Investments, Riley Securities, Big Tech, Core, LPL, BlackRock, Bank of America, Taiwan Semiconductor, Price, Retail, Hunt Transport Services, State, PNC Financial Services, UnitedHealth, United Airlines, Discover Financial Services, U.S . Bancorp, Johnson, Citizens Financial Group, Philadelphia Fed, Netflix, T Bank, KeyCorp, American Express, Halliburton, Fifth Third Bancorp, Regions Locations: Nasdaq, NAHB, Horton, Blackstone, Taiwan
Here I'll break down a nuanced options trade for on a transportation stock reporting next week. JB Hunt Transport Services, Inc . Unfortunately, this has been the case for JB Hunt lately. While I'm not prepared to call for a stellar quarter - economic pressures generally don't resolve quickly - much of the near-term damage may be done. BEFORE MAKING ANY FINANCIAL DECISIONS, YOU SHOULD STRONGLY CONSIDER SEEKING ADVICE FROM YOUR OWN FINANCIAL OR INVESTMENT ADVISOR.
Persons: you've, JB Hunt, Hunt, I'm Organizations: JB, Transport Services, Inc, CNBC, NBC UNIVERSAL Locations: you've, North America's, Lowell , Arkansas
In the first three months of the year, economic growth was driven by the services sector, which expanded for the first time in a year, statistics agency said. Transport services, legal services and scientific research all grew strongly, but services that include hotels and restaurants fell slightly, and the construction sector contracted sharply. per person grew 0.4 percent in the first quarter, following seven consecutive quarters of decline. Some sectors like professional services and technology have been doing well, but others like hospitality have struggled, she said. Household spending, adjusted for inflation, grew 0.2 percent, following two quarters of declines, the statistics agency said.
Persons: , Tera Allas, Ms, Allas Organizations: Transport Locations: McKinsey’s Britain, Ireland
CNBC Pro used its stock screener tool to identify the most overbought and oversold stocks on Wall Street as measured by their 14-day relative strength index, or RSI. Stocks with a 14-day RSI above 70 are said to be overbought, indicating that shares might soon turn lower. On Thursday, the technology giant posted a first-quarter earnings and revenue beat as its Google Cloud and YouTube advertising revenue outpaced expectations. On the other hand, Ulta Beauty , with an RSI of 21, is one of the most oversold stocks on Wall Street. IBM stock slipped this week after the company posted better-than-expected first-quarter earnings but missed on revenue.
Persons: Jefferies, Ashley Helgans, J.B, Fred Imbert Organizations: Microsoft, CNBC Pro, Google, Hasbro, Hunt Transport Services, Tech, International, Machines, IBM
Olympic luxury packages are already on sale, offering exclusive access to the sporting spectacle, alongside very upscale travel and accommodation experiences. And this year, there’s no bigger sporting event than the Paris 2024 Olympic Games. Tour operator Kensington Tours says it has two clients coming into Paris for the first seven nights of the Games. “Paris presents a wealth of opportunities for luxury travelers to indulge in during the Olympics,” Adto Teppa says. Pierre MonettaTo ensure their clients have access to Paris’ most prestigious hotels, many luxury travel advisers have made blanket bookings at properties across the city.
Persons: cher, Barnabas Carrega, , ” Carrega, ’ Carrega, Ducasse, Alain Ducasse, won’t, They’ll, they’ll, AZA, Angela Adto Teppa, ” Adto Teppa, Palais, Paris, Andrea Galvez, , Galvez, Pierre Monetta, We’ve, Dave Guenter, Crillon, Nicolas De Gols, De Gols, Fraser Yachts, Askari, Patrick Locqueneux, Clément Bru, Charles de Brosses, Cookoon, “ We’ve, ” Bru, Henri Jayer Vosne, Domaine, Conti, de Mars, Simone Biles Organizations: CNN, Paris, CNN Travel, Michelin, Olympic, Kensington, Eiffel, Palais Garnier, Travel, Opera Ballet, Travel Group, Le Bristol Paris, Paris ’, Royal, Raffles, , Royal Monceau’s, Nice, Tahiti, Fraser Locations: Paris, American, Alma, Kensington, Oahu, Hawaii, New York, Rosewood, Le Bristol, Raffles Paris, Marseille, Polynesia, Teahupo’o, Tahiti, Monaco, France, Burgundy
An AWS spokesperson said in an emailed statement that the company has introduced more cost-effective options for moving data. As of March, AWS had removed Snowmobile from its website, and the Amazon unit has stopped offering the service, CNBC has confirmed. Andy Jassy, now Amazon's CEO, called it the Snowmobile, and said the company would be using the truck to help customers speedily transfer data to Amazon Web Services facilities. "We intend to make sure that Snowmobile is both faster and less expensive than using a network-based data transfer model," Barr wrote. Clients generally find that sending data to AWS online is more economical than using Snowmobile, the company said.
Persons: we've, Andy Jassy, Jassy, Jeff Barr, Barr, Maxar, There's, we're Organizations: AWS, CNBC, Amazon Web Services, Amazon, Microsoft Locations: Las Vegas
Travelers — Shares fell nearly 5% after the insurance company reported an earnings and revenue miss for its first quarter. Revenue was $10.18 billion compared with the $10.51 billion expected. J.B. Hunt Transport Services — Shares sank 8% a day after the transportation and logistics company reported an earnings and revenue miss for its first quarter. ASML Holding — U.S.-listed shares sank 5% after the Dutch semiconductor company posted revenue and new bookings that came in below consensus estimates. Omnicom — The stock added nearly 3% a day after the communications company reported an earnings and revenue beat for its first quarter.
Persons: Eli Lilly, ResMed, Eli Lilly's, Zepbound, J.B, Hunt, Joe Biden, TD Cowen, Ferrari, Bernstein, , Dealbook, Kate Spade, Jesse Pound, Hakyung Kim, Sarah Min, Fred Imbert Organizations: LSEG, Revenue, Travelers, United Airlines, Hunt Transport, ASML, Urban, Jefferies, Autodesk, Alcoa, United Steelworkers, Ferrari, Abbott, Abbott Laboratories, New York Times, Federal Trade Commission Locations: J.B, China, Pittsburgh
Quarterly revenue came in at $12.54 billion, topping an LSEG estimate of $12.45 billion. Travelers said it generated $4.69 in earnings per share on $10.18 billion in revenue. Interactive Brokers — Shares popped 3% after Interactive Brokers posted quarterly results that came in slightly ahead of Wall Street's expectations. J.B. Hunt posted earnings of $1.22 per share on $2.94 billion in revenue. Alcoa is set to report earnings after the bell.
Persons: LSEG, Eli Lilly, ASML, Hunt, Kate Spade, Abbott, Joe Biden's, Jefferies, , Jesse Pound, Hakyung Kim, Pia Singh, Michelle Fox, Alex Harring, Sarah Min Organizations: United Airlines —, Travelers Companies, Travelers, U.S, Interactive, Hunt Transport Services, The New York Times, Federal Trade Commission, Versace, Capri Holdings, Autodesk —, Autodesk, Bancorp — U.S, Bancorp, Abbott Laboratories, FactSet, Alcoa Locations: China
U.S. stock futures ticked higher on Tuesday night after the S&P 500 notched its third straight day of losses. Futures tied to the S&P 500 rose by 0.1%, while Nasdaq 100 futures gained 0.2%. The Dow ended Tuesday's trading session higher by 0.17%, breaking a six-day losing streak. The S&P 500 fell 0.21%, while the Nasdaq Composite slipped 0.12%. Mayfield sees equities trading mostly range-bound in the near term, with an exception being if any geopolitical event spikes oil prices even higher.
Persons: Dow, Jerome Powell, Ross Mayfield, Baird, Powell Organizations: New York Stock Exchange, Nasdaq, Dow Jones Industrial, United Airlines, Hunt Transport Services, UnitedHealth, Federal Reserve, CNBC, U.S . Bancorp Locations: U.S
How the corporate America is handling sticky inflation and the prospect of higher interest rates will be top of mind for investors in the week ahead, after this week's choppy moves. The first-quarter earnings season, which kicked off Friday, will give Wall Street insight into how businesses expect to weather an environment of elevated interest rates. More macro data, such as U.S. retail sales, will give insight into how the consumer is handling higher pricing pressures. First-quarter earnings season underway The corporate earnings season kicks into high gear in the week ahead. This week, the small cap Russell 2000 is on track for a losing week, down by more than 1%.
Persons: Bob Doll, CNBC's, Wolfe, Rob Ginsberg, Ginsberg, Goldman Sachs, Morgan Stanley, FactSet, Robert Haworth, Haworth, Charles Schwab, Johnson, D.R, KeyCorp Organizations: Dow Jones Industrial, Exxon Mobil, Costco, Apple, Crossmark, Investments, Investors, Bank of America, Consumer, U.S . Bank, Index, Retail, T Bank, Housing, Manufacturing, Hunt Transport Services, United Airlines, Johnson, Bank of New York Mellon, UnitedHealth Group, Northern Trust, CSX, Discover Financial Services, Prologis, U.S . Bancorp, Philadelphia Fed, American Express, Procter, Gamble, Fifth Third Bancorp, Schlumberger Locations: America, China, NAHB, Vegas Sands, U.S, Horton
"A lot of people like the actual new 3M," Jim Cramer said, while referring to the company's years of litigation fights. "This is CrowdStrike and Palo Alto. Buy some Palo Alto on this. The CNBC Investing Club owns shares of Palo Alto Networks. The Club owns Coterra.
Persons: Jim Cramer's, Jim Cramer, Cramer, I'm, they've, J.B, Robinson Organizations: CNBC, Club, Palo Alto, CNBC Investing Club, Palo Alto Networks, Devon Energy, Wells, The, Skechers, Barclays, Hunt Transport Services, C.H, Werner Enterprises Locations: Palo, Alto, Devon, Skechers USA, Norfolk Southern
Dajabon, Dominican Republic CNN —The United States and other diplomatic missions have begun evacuating personnel from Haiti, as gang violence in the Caribbean nation’s capital Port-au-Prince continues to spiral. US Southern Command said the move was consistent with “standard practice for Embassy security augmentation worldwide.” No Haitians were on board the military aircraft, it added. Another source with knowledge of the operations told CNN there have been at least 12 helicopter evacuation flights into Port-au-Prince over the past three days, all evacuating diplomatic and humanitarian staff. However, shots fired nearby after the last flight’s take off on Sunday have called into question the viability of continuing the evacuation flights, the source said. The World Food Programme suspended its maritime transport services in Port-au-Prince from distributing aid across Haiti due to the instability.
Persons: Dajabon, , Joe Biden, Peter Sauer, Stefano Gatto, , Prince, Gang, Jimmy Cherizier, Ariel Henry, Stephane Dujarric, Henry Organizations: Dominican Republic CNN, CNN, US State Department, US Southern Command, Southern Command, National Security Council, CNN Helicopter, European Union, EU, Caribbean Port Services, Dominican, United Nations, US Department of Treasury, Food, UN, OCHA, Kenya, Kenyan, Caribbean Locations: Dominican Republic, United States, Haiti, Caribbean, Port, Dominican, Haitian, Santo Domingo, Petionville, Haiti’s, Puerto Rico, CARICOM, Kingston
CNN —Intruders broke into a major port terminal in Haiti Thursday as violence in the country escalated after the government extended its state of emergency. It comes as Port-au-Prince’s Caribbean Port Services (CPS) terminal, a major player in Haiti’s food import supply chain, was broken into around 8 a.m., two security sources told CNN. Pléiades Neo/AirbusOne Airbus satellite image shows a significant amount of material littering the area of the container port terminal. The chaos has forced tens of thousands to flee their homes in the past few days, adding to the more than 300,000 already displaced by gang violence. A law enforcement officer at a police station set on fire by armed gangs in Port-au-Prince, Haiti, on March 5, 2024.
Persons: Pléiades, Jimmy Cherizier, Prince, Cherizier, Ariel Henry’s, Odelyn Joseph, Stephane Dujarric, Dujarric, ” Ronald Laroche, ” Laroche, , , they’ve, Henry, Jovenel Moise, Raymond King of, King, Médecins Organizations: CNN, Caribbean Port Services, CPS, Airbus, Haitian National Police, Reuters, Food, United Nations Office, Humanitarian Affairs, UN, Protection, Kenyan, Royal Bahamas Defence Force, MSF Locations: Haiti, Region, Port, Prince, Prince’s, , United States, Canada, Puerto Rico, Dominican Republic, Hispaniola, Kenya, Caribbean, Cité, Syria, Myanmar
This is Wayfair's third restructuring since 2022 and is expected to save the company about $280 million. Hertz — Hertz shed 2.8% on a Jefferies price target cut and downgrade to hold from buy. AMD added 1.6%, after reaching its highest-ever closing price on Thursday amid increased investor interest in the second-largest standalone GPU maker. DraftKings — Shares of the sports betting company rose more than 1% after Stifel upgraded DraftKings to buy from hold. J.B. Hunt Transport Services – Shares rose more than 3% after the company posted mixed quarterly results.
Persons: Hertz, Wells, Stifel, J.B, J.B . Hunt, Macheel, Samantha Subin, Jesse Pound Organizations: Jefferies, EV, Spirit Airlines, JetBlue, Texas, UBS, Nvidia, AMD, ESPN Bet, Hunt Transport, LSEG
The lower end of PPG's range for full-year earnings guidance was also well below what analysts called for. On the other hand, the company's earning and revenue for the fourth quarter of 2023 topped what analysts had anticipated. Super Micro Computer — Shares of the information technology firm gained 6% after Super Micro Computer reported preliminary second-quarter adjusted earnings of between $5.40 and $5.55 per share, higher than its previous guidance of between $4.40 to $4.88 per share. Super Micro also reported a preliminary revenue of between $3.6 billion to $3.65 billion, topping its prior guidance of $2.7 billion to $2.9 billion. The Wall Street Journal reported late Thursday that the European Union's antitrust watchdog anticipates blocking Amazon's acquisition of iRobot.
Persons: Hunt, Kirk Tanner, Todd Penegor, iRobot Organizations: PPG Industries, Micro Computer, Micro, Hunt Transport, LSEG, Wendy's, PepsiCo, Blackwells, Street Journal
Andresr | E+ | Getty ImagesLONDON — U.K. inflation unexpectedly nudged upwards to 4% year-on-year in December, fueled by a rise in alcohol and tobacco prices. Economists polled by Reuters had expected a modest decline in the annual headline CPI to 3.8%, after November's sharper-than-expected fall to 3.9%. The closely watched core CPI figure — which excludes volatile food, energy, alcohol and tobacco prices — came in at an annual 5.1%, above a 4.9% Reuters forecast and unchanged from November. "This unexpected rise in inflation is a timely reminder that the struggle against soaring inflation is not yet over, particularly given stubbornly high core and services inflation," said Suren Thiru, economics director at ICAEW. "While inflation may rise again in January, following the increase in Ofgem's energy price cap, it should fall at a decent pace thereafter, aided by the expected drop in energy bills from April and lower food inflation."
Persons: Jeremy Hunt Organizations: Reuters, National Statistics, British, Bank of England Locations: U.S, France, Germany
Paris metro ticket price to double during 2024 Olympics
  + stars: | 2023-11-28 | by ( ) www.reuters.com   time to read: +2 min
REUTERS/Gonzalo Fuentes/File Photo Acquire Licensing RightsPARIS, Nov 28 (Reuters) - Paris metro ticket prices will almost double during the 2024 Olympics, the French capital region's president said on Tuesday, adding that residents with passes would be shielded from the temporary rise and visitors would be charged "a fair price". "During the Olympics and the Paralympics, the Ile de France region will dramatically increase its transport offer. "We're going to create a new pass, the Paris 2024 pass, that will allow visitors to travel through the whole Ile de France region. Last week, Paris mayor hit out at Pecresse, saying the French capital would not be ready in terms of transport. Pecresse said that it was crucial that the Paris region residents be spared.
Persons: Gonzalo Fuentes, Valerie Pecresse, Pecresse, Clement Beaune, it's, Julien Pretot, Lucien Libert, Alexander Smith, Pritha Organizations: French, REUTERS, Rights, Paris, Thomson Locations: Paris, France, Pecresse
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