SkyWest Stock (NASDAQ:SKYW), Trade Ideas

SkyWest

SkyWest Inc offers commercial air services in the United States, Canada, Mexico, and the Caribbean. Additionally, it leases aircraft to capable users to help generate revenue. Generally, SkyWest provides regional flights, and utilizes its smaller, lower-cost aircraft to carry passengers that booked tickets through airlines. It partners with carriers across the world to fly and operate aircraft for a fee. SkyWest may use the carriers brand and ground support to coordinate marketing and easily transport passengers. The company has two reportable segments: SkyWest Airlines and SkyWest Leasing.

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After wrapping up a robust first quarter on strong corporate profits, enthusiasm around AI and hopes that the Fed will cut rates, Wall Street&#39;s rally fizzled out to start Q2 on uncertainty over the timing of rate cuts. 
Let us examine the health of the U.S. economy ahead on the World Health Day and bring to investors&#39; attention the key developments and some solid picks for a robust investment portfolio. 
Similar to the six vital nutrients required for good health, six pillars support the economy. Here, we have picked six essential market nutrients in the form of sectors and then zeroed in on stocks that have a Zacks Rank #1 (Strong Buy) or 2 (Buy) and a higher market cap in their respective sectors using the Zacks Stock Screener. Other parameters considered include a VGM Score of B or better, positive current-year earnings estimate revisions over the past 30 or 60 days, positive current-year EPS growth, and a place in a top-ranked Zacks industry (in the top 45%).
<h3>Vitamins: Consumer Sector</h3>
The consumer sector has been enjoying strong optimism led by stronger spending power, wage growth and a lower unemployment rate. The potential rate cuts will lead to reduced borrowings, thereby increasing consumer spending. It will also lead to higher demand for all types of products and services in the economy, taking the consumer sector higher. This will continue to give the economy its regular dose of vitamins. 
Within this sector, Lancaster Colony Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/lanc#NASDAQ">LANC</a>), a manufacturer and marketer of specialty food products for the retail and foodservice markets, is a great pick for investors. 
This Zacks Rank #2 company saw a positive earnings estimate revision of 21 cents over the past 60 days for this fiscal year (ending June 2024). It has an expected earnings growth rate of 34%. Lancaster Colony belongs to a top-ranked Zacks industry (top 28%) and has a VGM Score of B, suggesting its potential for solid growth in the months ahead. The stock has gained about 22% over the past three months.
<h3>Proteins: Financial Sector</h3>
Like protein, the financial sector, helps in carrying out a huge array of functions through its banks and financial institutions. The sector facilitates growth in every part of the country. The stocks in this sector have shown immense strength courtesy of a resilient economy and a steep yield curve. 
Travelers Companies Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/trv#NYSE">TRV</a>) has climbed about 19% over the past three months and could represent a good buying opportunity. It is principally engaged, through its subsidiaries, in providing a wide variety of property and casualty insurance and surety products and services to businesses, organizations and individuals in the United States and select international markets. The Zacks Consensus Estimate for 2024 has been revised by a couple of cents over the past 30 days and indicates substantial year-over-year growth of 34.8%. This Zacks Rank #2 company falls within a top-ranked Zacks industry (top 9%) and has a VGM Score of B.
<h3>Minerals: Medical Sector</h3>
Just like minerals are important for bone structure, healthcare is crucial to the economy. In fact, it is the backbone of an economy. Healthcare is one of the largest and fastest-growing sectors thanks to an aging population, growing middle class, and insatiable demand for new treatments and drugs for many illnesses. About 10% of economic growth comes from this sector. 
The industry is currently benefiting from encouraging trends, including cutting-edge medicines, new drug approvals, accelerated pace of innovation, promising drug launches, cost-cutting efforts, an aging population, technological advancements, expanding insurance coverage, the rising middle class, demand for new drugs, and ever-increasing healthcare spending. Continuous innovation in medical technology, including telemedicine, AI in diagnostics, and personalized medicine, is improving patient care and operational efficiency. One of the beneficiaries of this trend is Zacks Ranked #1 player DaVita Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/dva#NYSE">DVA</a>) from a top-ranked Zacks industry (top 37%), gaining 23.4% over the past three months. 
This is a leading provider of dialysis services in the United States to patients suffering from chronic kidney failure, also known as end-stage renal disease. It saw solid earnings estimates of 26 cents for this year over the past 30 days to $9.23, indicating year-over-year growth of 9%. The stock has a VGM Score of B.
<h3>Carbohydrates: Technology Sector</h3>
Similar to carbs that provide energy to the muscles and brain, the technology sector powers the economy with its wide range of products and services, including electronics, software, computers and social media. The sector has been performing well this year on the continued AI boom and strong corporate earnings. As the tech sector relies on borrowing for superior growth, it is cheaper to borrow more money for further initiatives when interest rates are low. The expansion of AI applications holds the promise of ushering in fresh opportunities for growth within the sector. Hopes of cutting interest rates later this year are also adding to the strength. 
Within the sector, Uber Technologies (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/uber#NYSE">UBER</a>), with a Zacks Rank #2 and a VGM Score of B, seems a solid choice. It develops and operates proprietary technology applications in the United States and has expanded its presence in multiple countries across the globe, including Canada, Latin America, Europe, the Middle East and Asia (excluding China). The stock, which belongs to a top-ranked Zacks industry (top 25%), saw a positive earnings estimate revision of 15 cents over the past 30 days for this year and has an expected earnings growth rate of 36.8%. It has gained nearly 23% over the past three months.
<h3>Fats: Construction Sector</h3>
The construction sector &mdash; accounting for 5.5% of GDP &mdash; provides energy backup to the economy. This is because construction activity picks up when the economy strengthens. The sector has been doing well on lower mortgage rates, which is encouraging people to buy more homes and has made refinancing cheaper. Notably, U.S. homebuilders are now feeling more confident than they have since last summer. 
To tap this bullish trend, Sherwin-Williams Company (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/shw#NYSE">SHW</a>), which manufactures and sells paints, coatings and related products, primarily in North and South America, could be an exciting pick. The company&#39;s earnings estimates have gone up by 5 cents over the past month for this year. The current Zacks Consensus Estimate is pegged at $11.49, up 11% year over year. Sherwin-Williams has a Zacks Rank #2 and a VGM Score of B, It belongs to a top-ranked Zacks industry (top 37%). Shares of SHW are up nearly 12% over the past three months.
<h3>Water: Transport Sector</h3>
Transport enables the smooth movement of freight and passengers through different modes such as rail, trucks, ships and air. It occupies an important place in the world market and is often considered a barometer of broad economic health. The transport sector is seeing a surge on a rise in global travel demand. 
SkyWest (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/skyw#NASDAQ">SKYW</a>) operates as a regional airline in the United States through its subsidiary SkyWest Airlines. The stock has seen a positive earnings estimate revision of $1.00 for this year over the past month 60 days and has estimated earnings growth of 729.9%. SkyWest has a Zacks Rank #1 and a VGM Score of A. It belongs to a top-ranked Zacks industry (top 19%). The stock has tumbled more than 37% over the past three months.
<a href="https://www.zacks.com/stock/news/2251081/diagnosing-the-economy-ahead-of-world-health-day-6-picks?cid=CS-BENZ-FT-analyst_blog|investment_ideas-2251081">To read this article on Zacks.com click here.</a>

News

Health Care

Markets

Trading Ideas

General

LANC

SKYW

UBER

Diagnosing the Economy Ahead of World Health Day: 6 Picks

Evercore ISI Group analyst Duane Pfennigwerth maintains SkyWest (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SKYW#NASDAQ">SKYW</a>) with a In-Line and raises the price target from $60 to $70.

Price Target

Analyst Ratings

Evercore ISI Group Maintains In-Line on SkyWest, Raises Price Target to $70

Shares of FedEx Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/fdx#NYSE">FDX</a>)&nbsp;declined 3.32% on Apr 1 to $280.13 per share from $289.74 on Mar 28. This downside was mainly due to the non-renewal of the air-cargo contract with United States Postal Service or USPS. The current contract with FedEx will expire on Sep 29, 2024.
While releasing its third-quarter fiscal 2024 results last month, management stated that it was negotiating for a new multi-year agreement with USPS so that FDX remains as the primary air-cargo provider for USPS. The non-renewal of the contract means that mutually acceptable terms could not be reached, thereby bringing an end to a relationship between FDX and USPS, that lasted for more than two decades.
The end of this long-standing relationship naturally disappointed FDX&#39;s investors, resulting in the stock price depreciation on Apr1. It, however, remains committed to provide outstanding air transportation services to USPS till Sep 29.
FedEx has been replaced by United Parcel Service (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ups#NYSE">UPS</a>) as USPS&#39; primary air-cargo provider. The contract, which has a minimum base term of five-and-a-half years, is scheduled to begin on Sep 30, 2024. Financial details of UPS&#39; agreement with USPS were not released.
Expressing delight at the development that significantly expands its existing relationship with USPS, Carol Tome, UPS&#39; CEO said, &quot;Together UPS and USPS have developed an innovative solution that is mutually beneficial and complements our unique, reliable and efficient integrated network&quot;. The finalization of the agreement with UPS is in sync with USPS&#39; goal to optimize and improve the efficiency of national as well as local transportation. USPS aims to reduce overall transportation cost by $3 billion over the next two years, including the already achieved air-freight cost savings of $1 billion.&nbsp;
<h3>Zacks Rank</h3>
Currently, both FDX and UPS carry a Zacks Rank #3 (Hold).
Investors interested in the broader&nbsp;Transportation&nbsp;sector may consider SkyWest (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/skyw#NASDAQ">SKYW</a>),presently sporting a Zacks Rank #1 (Strong Buy).
SkyWest&#39;s fleet modernization efforts are commendable. Upbeat air-travel demand also supports SKYW well. The Zacks Consensus Estimate for SKYW&#39;s 2024 earnings has improved 26.3% over the past 60 days. The stock has surged 213% in the past year.
SKYW has an expected earnings growth rate of more than 100% for 2024. The company delivered a trailing four-quarter earnings surprise of 128.02%, on average.
<a href="https://www.zacks.com/stock/news/2248895/fedex-fdx-stock-down-in-yesterday-s-trading-here-s-why?cid=CS-BENZ-FT-analyst_blog|company_news_-_corporate_actions-2248895">To read this article on Zacks.com click here.</a>

FedEx (FDX) Stock Down in Yesterday's Trading: Here's Why

Management

SkyWest Board Accepts Jerry Atkin's Offer To Retire As Director, Board Chair; SkyWest Appoints James Welch As Board Chair

The Nasdaq 100 closed higher by around 1% on Monday. Investors, meanwhile, focused on some notable insider trades.
When insiders sell shares, it could be a preplanned sale, or could indicate their concern in the company&rsquo;s prospects or that they view the stock as being overpriced. Insider sales should not be taken as the only indicator for making an investment or trading decision. At best, it can lend conviction to a selling decision.
Below is a look at a few recent notable insider sales. For more, check out <a href="https://www.benzinga.com/sec/insider-trades/"> Benzinga&#39;s insider transactions </a> platform.
<h3>Electronic Arts </h3>
<ul>
<li>The Trade: Electronic Arts Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ea#NASDAQ">EA</a>) Chief Legal Officer Jacob J. Schatz <a href="https://www.benzinga.com/sec/insider-trades/"> sold a total of 1,000 shares </a> at an average price of $134.45. The insider received around $134,450 from selling those shares.</li>
<li>What&rsquo;s Happening: On Feb. 28, Electronic Arts disclosed plans to lay off 5% of its workforce, approximately 670 employees, as part of a broader strategy to consolidate office space and halt development on certain video games.</li>
<li>What Electronic Arts Does: EA is one of the world&#39;s largest third-party video game publishers and has transitioned from a console-based video game publisher to the one of the largest publishers on consoles, PC, and mobile.</li>
</ul>
Have a look at our <a href="https://www.benzinga.com/premarket/"> premarket coverage here </a> 
<h3>SkyWest</h3>
<ul>
<li>The Trade: SkyWest, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/skyw#NASDAQ">SKYW</a>) Director James L Welch <a href="https://www.benzinga.com/sec/insider-trades/"> sold a total of 2,000 shares </a> at an average price of $66.72. The insider received around $133,430 from selling those shares.</li>
<li>What&rsquo;s Happening: On Feb. 1, SkyWest posted upbeat quarterly earnings.</li>
<li>What SkyWest Does: SkyWest Inc offers commercial air services in the United States, Canada, Mexico, and the Caribbean. Additionally, it leases aircraft to capable users to help generate revenue.</li>
</ul>
<h3>Macerich </h3>
<ul>
<li>The Trade: The Macerich Company (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/mac#NYSE">MAC</a>) Director Hern Thomas E O <a href="https://www.benzinga.com/sec/insider-trades/"> sold a total of 7,964 shares </a> at an average price of $16.39. The insider received around $130,530 from selling those shares.</li>
<li>What&rsquo;s Happening: On Feb. 7, Macerich posted in-line quarterly earnings.</li>
<li>What Macerich Does: The Macerich Company is an S&amp;P 500 company that invests in premium mall assets.</li>
</ul>
<h3>Booz Allen Hamilton </h3>
<ul>
<li>The Trade: Booz Allen Hamilton Holding Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/bah#NYSE">BAH</a>) EVP &amp; Chief Financial Officer Matthew Calderone <a href="https://www.benzinga.com/sec/insider-trades/"> sold a total of 3,000 shares </a> at an average price of $145.36. The insider received around $436,080 from selling those shares.</li>
<li>What&rsquo;s Happening: On Jan. 26, Booz Allen Hamilton reported better-than-expected third-quarter financial results, increased its quarterly dividend and raised FY24 guidance.</li>
<li>What Booz Allen Hamilton Does: Booz Allen Hamilton Holding Corp is a provider of management consulting services to the U.S. government. Other services offered include technology, such as cloud computing and cybersecurity consulting, and engineering consulting.</li>
</ul>
&nbsp;
Check This Out: <a href="https://www.benzinga.com/news/earnings/24/03/37811847/core-main-gears-up-for-q4-print-these-most-accurate-analysts-revise-forecasts-ahead-of-earnings-cal"> Core &amp; Main Gears Up For Q4 Print; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call </a>

Short Ideas

Insider Trades

Pre-Market Outlook

Electronic Arts, Booz Allen Hamilton And 2 Other Stocks Insiders Are Selling

<h3>Gainers</h3>
<ul>
<li>Recruiter.Com Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RCRT#NASDAQ">RCRT</a>) stock increased by 15.5% to $2.09 during Friday's pre-market session. The market value of their outstanding shares is at $2.9 million. </li>
<li>noco-noco (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NCNC#NASDAQ">NCNC</a>) shares moved upwards by 11.54% to $0.26. The market value of their outstanding shares is at $34.5 million. </li>
<li>Swvl Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SWVL#NASDAQ">SWVL</a>) shares increased by 9.72% to $8.12. The company's market cap stands at $55.1 million. </li>
<li>SOS (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SOS#NYSE">SOS</a>) stock moved upwards by 8.79% to $2.35. The market value of their outstanding shares is at $21.5 million. </li>
<li>Solidion Technology (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/STI#NASDAQ">STI</a>) shares rose 8.3% to $0.8. The company's market cap stands at $65.5 million. </li>
<li>Greenwave Tech Solns (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GWAV#NASDAQ">GWAV</a>) shares rose 6.13% to $0.53. The market value of their outstanding shares is at $8.7 million. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>AerSale (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ASLE#NASDAQ">ASLE</a>) stock decreased by 20.5% to $7.47 during Friday's pre-market session. The company's market cap stands at $395.7 million. As per the press release, Q4 earnings came out yesterday. </li>
<li>Nxu (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NXU#NASDAQ">NXU</a>) shares fell 7.17% to $0.91. The company's market cap stands at $2.8 million. </li>
<li>View (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VIEW#NASDAQ">VIEW</a>) shares fell 6.33% to $1.48. The company's market cap stands at $6.0 million. </li>
<li>Royalty Management Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RMCO#NASDAQ">RMCO</a>) shares decreased by 5.07% to $1.5. The market value of their outstanding shares is at $21.4 million. </li>
<li>Icahn Enterprises (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IEP#NASDAQ">IEP</a>) shares declined by 4.97% to $18.74. The company's market cap stands at $8.0 billion. </li>
<li>SkyWest (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SKYW#NASDAQ">SKYW</a>) shares fell 4.61% to $65.1. The company's market cap stands at $2.6 billion. 
See Also: <a href="http://www.benzinga.com/money/best-industrials-stocks/" title="www.benzinga.com/money/best-industrials-stocks/">www.benzinga.com/money/best-industrials-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Movers

ASLE

GWAV

NCNC

RCRT

RMCO

SWVL

VIEW

12 Industrials Stocks Moving In Friday's Pre-Market Session

Shares of JetBlue Airways&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/jblu#NASDAQ">JBLU</a>) gained in double digits in after market trading on Feb 12. The upside followed a stake-related disclosure by activist investor Carl Icahn. Per a SEC filing, Icahn currently has a 9.91% stake in JetBlue.
Justifying his decision to buy a stake in the low-cost carrier, Icahn said that he believed JBLU shares were undervalued and represented an &quot;attractive investment opportunity&quot;. Icahn intends to continue discussing with management and board of directors regarding the possibility of representation in the airline&#39;s board.
Interestingly, the development comes immediately after Joanna Geraghty assumed the responsibilities of chief executive officer at JetBlue. We remind investors that Geraghty, prior to her elevation, served as JBLU&#39;s president and chief operating officer. She succeeded Robin Hayes, who stepped down after leading the company for almost nine years. Notably, Geraghty is the first woman to run a major airline in the United States.
The upward movement in JBLU shares mark a welcome relief as the stock had been struggling ever since its impending $3.8 billion acquisition of Spirit Airlines SAVE was blocked by a federal judge. In the past six months, shares of JBLU have lost 8.3% compared with the Zacks <a href="https://www.zacks.com/stocks/industry-rank/industry/transportation-airline-187">Airline</a>&nbsp;industry&#39;s 1.1% decline.
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/97/61160.jpg?v=789241561" /> 
Image Source: Zacks Investment Research
The judge attributed the decision to competition concerns. The judge believed that the merger, on taking effect, would drive up fares. Both JBLU and SAVE disagreed with the verdict and appealed against it. An U.S. court will hear the appeal pertaining to the blocked merger in June.
<h3>Zacks Rank &amp; Key Picks</h3>
JBLU currently carries a Zacks Rank #3 (Hold). &nbsp;
Investors interested in the same industry may consider&nbsp;SkyWest&nbsp;SKYW and American Airlines&nbsp;AAL. SkyWest currently sports a Zacks Rank #1 (Strong Buy), while AAL carries a Zacks Rank #2 (Buy). You can see&nbsp;<a href="https://www.zacks.com/stocks/buy-list/?ADID=zp_1link&amp;ICID=zpi%20_1link">the complete list of today&#39;s Zacks #1 Rank stocks here</a>.
SkyWest is based in St. George, UT. Its fleet modernization efforts are commendable. By 2026-end, SkyWest is likely to operate a total of 258 E175 aircraft. We are impressed by SKYW&#39;s efforts to reward its shareholders through buybacks. Upbeat passenger volumes also bode well.
Over the past 60 days, the Zacks Consensus Estimate for SKYW&#39;s 2024 earnings has been revised upward by 11.2%. SkyWest shares have gained 31.7% over the past three months.
American Airlines is witnessing improvements driven by an encouraging air-travel-demand scenario, particularly on the domestic front. The carrier&#39;s debt-reduction efforts are impressive as well. Management aims to reduce its debt by $15 billion by 2025-end.
The Zacks Consensus Estimate for AAL&#39;s 2024 earnings has been revised 4.19% upward over the past 60 days. AAL surpassed the Zacks Consensus Estimate for earnings in each of the past four quarters, the average beat being 23.83%.
&nbsp;
<a href="https://www.zacks.com/stock/news/2225654/jetblue-jblu-stake-bought-by-activist-investor-carl-icahn?cid=CS-BENZ-FT-analyst_blog|company_news_-_corporate_actions-2225654">To read this article on Zacks.com click here.</a>

Travel

Small Cap

JBLU

SAVE

JetBlue (JBLU) Stake Bought by Activist Investor Carl Icahn

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our <a href="https://www.benzinga.com/analyst-ratings/">analyst ratings page</a>.
<ul>
<li>Raymond James cut the price target for Skechers U.S.A., Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/skx#NYSE">SKX</a>) from $68 to $66. Raymond James analyst Rick Patel maintained an Outperform rating. Skechers shares declined 10.3% to close at $57.04 on Friday. <a href="https://www.benzinga.com/quote/SKX/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Keybanc raised Pinterest, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/pins#NYSE">PINS</a>) price target from $37 to $48. Keybanc analyst Justin Patterson maintained an Overweight rating. Pinterest shares rose 5.8% to close at $39.75 on Friday. <a href="https://www.benzinga.com/quote/PINS/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Jefferies boosted the price target for Apellis Pharmaceuticals, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/apls#NASDAQ">APLS</a>) from $68 to $80. Jefferies analyst Akash Tewari upgraded the stock from Hold to Buy. Apellis Pharmaceuticals shares rose 0.7% to close at $62.56 on Friday. <a href="https://www.benzinga.com/quote/APLS/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>JP Morgan increased LyondellBasell Industries N.V. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/lyb#NYSE">LYB</a>) price target from $95 to $100. JP Morgan analyst Jeffrey Zekaukas upgraded the stock from Neutral to Overweight. LyondellBasell shares fell 1.9% to close at $92.86 on Friday. <a href="https://www.benzinga.com/quote/LYB/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Cantor Fitzgerald boosted the price target for The Cigna Group (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ci#NYSE">CI</a>) from $334 to $372. Cantor Fitzgerald analyst Sarah James upgraded the stock from Neutral to Overweight. Cigna shares rose 5.4% to close at $323.84 on Friday. <a href="https://www.benzinga.com/quote/CI/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Jefferies cut the price target for Markel Group Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/mkl#NYSE">MKL</a>) from $1,680 to $1,500. Jefferies analyst Andrew Andersen downgraded the stock from Buy to Hold. Markel shares gained 1.2% to close at $1,412.41 on Friday. <a href="https://www.benzinga.com/quote/MKL/analyst-ratings">See how other analysts view this stock.</a></li>
<li>JP Morgan cut Mattel, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/mat#NASDAQ">MAT</a>) price target from $24 to $19. JP Morgan analyst Christopher Horvers downgraded the stock from Overweight to Neutral. Mattel shares rose 4.1% to close at $19.02 on Friday. <a href="https://www.benzinga.com/quote/MAT/analyst-ratings">See how other analysts view this stock.</a></li>
<li>TD Cowen raised SkyWest, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/skyw#NASDAQ">SKYW</a>) price target from $55 to $68. TD Cowen analyst Helane Becker upgraded the stock from Market Perform to Outperform. SkyWest shares gained 8.2% to close at $58.51 on Friday. <a href="https://www.benzinga.com/quote/SKYW/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Raymond James boosted AbbVie Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/abbv#NYSE">ABBV</a>) price target from $181 to $189. Raymond James analyst Gary Nachman maintained an Outperform rating. AbbVie shares rose 0.6% to close at $168.67 on Friday. <a href="https://www.benzinga.com/quote/ABBV/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Barclays boosted Dover Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/dov#NYSE">DOV</a>) price target from $150 to $163. Barclays analyst Julian Mitchell maintained an Equal-Weight rating. Dover shares rose 1.4% to close at $158.75 on Friday. <a href="https://www.benzinga.com/quote/DOV/analyst-ratings">See how other analysts view this stock.</a></li>
</ul>
&nbsp;
Check This Out: <a href="https://www.benzinga.com/news/earnings/24/02/36926966/mcdonalds-caterpillar-and-3-stocks-to-watch-heading-into-monday"> McDonald&#39;s, Caterpillar And 3 Stocks To Watch Heading Into Monday </a>

ABBV

APLS

PINS

Pinterest To Rally Over 20%? Here Are 10 Top Analyst Forecasts For Monday

TD Cowen analyst Helane Becker upgrades SkyWest (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SKYW#NASDAQ">SKYW</a>) from Market Perform to Outperform and raises the price target from $55 to $68.

Upgrades

TD Cowen Upgrades SkyWest to Outperform, Raises Price Target to $68

WIIM

SkyWest shares are trading higher after Raymond James raised its price target on the stock from $55 to $65.

U.S. stocks traded mixed, with the Dow Jones falling over 100 points on Friday.
Shares of The Clorox Company (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/clx#NYSE">CLX</a>) shares gained during Friday&rsquo;s session after the company reported better-than-expected second-quarter financial results and raised FY24 adjusted EPS <a href="https://www.benzinga.com/quote/CLX/news">guidance above estimates</a>.
Clorox shares rose 4.6% to $154.77 on Friday.
Here are some other big stocks recording gains in today&rsquo;s session.
<ul>
<li>Tyra Biosciences, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/tyra#NASDAQ">TYRA</a>) shares rose 21.8% to $15.84. Tyra Biosciences, announced a $200 million private placement financing.</li>
<li>Meta Platforms, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/meta#NASDAQ">META</a>) climbed 18.9% to $469.34 as the company reported upbeat fourth-quarter financial results and initiated a quarterly dividend of 50 cents per share.</li>
<li>Deckers Outdoor Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/deck#NYSE">DECK</a>) gained 14% to $879.03 after reporting better-than-expected third-quarter financial results.</li>
<li>Gaotu Techedu Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/gotu#NYSE">GOTU</a>) rose 12.5% to $4.11.</li>
<li>PropertyGuru Group Limited (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/pgru#NYSE">PGRU</a>) climbed 11.6% to $3.57.</li>
<li>Nayax Ltd. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/nyax#NASDAQ">NYAX</a>) gained 9.2% to $26.47.</li>
<li>Applied Optoelectronics, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/aaoi#NASDAQ">AAOI</a>) rose 8.4% to $17.90. Applied Optoelectronics is expected to release financial results for its fourth quarter on Feb. 22, 2024.</li>
<li>AppLovin Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/app#NASDAQ">APP</a>) gained 8% to $44.25.</li>
<li>Clearfield, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/clfd#NASDAQ">CLFD</a>) gained 7.3% to $28.03 following upbeat results.</li>
<li>KB Financial Group Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/kb#NYSE">KB</a>) gained 6.5% to $49.41.</li>
<li>Amazon.com, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/amzn#NASDAQ">AMZN</a>) shares surged 6.2% to $169.20 after the company posted stronger-than-expected results for its fourth quarter. The company said it sees first-quarter revenue to be between $138 billion and $143.5 billion versus estimates of $142.13 billion. Operating income is expected to be between $8 billion and $12 billion in the first quarter.</li>
<li>Shopify Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/shop#NYSE">SHOP</a>) gained 5.9% to $81.25. Wells Fargo analyst Andrew Bauch maintained Shopify with an Overweight and raised the price target from $70 to $90.</li>
<li>The Cigna Group (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ci#NYSE">CI</a>) rose 5.7% to $324.87 after the company reported better-than-expected fourth-quarter results and issued a strong revenue outlook. The company also raised its dividend.</li>
<li>Snowflake Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/snow#NYSE">SNOW</a>) gained 5% to $209.96 after Raymond James raised its price target on the stock from $190 to $223.</li>
<li>LPL Financial Holdings Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/lpla#NASDAQ">LPLA</a>) gained 5% to $252.46 following strong earnings.</li>
<li>Piper Sandler Companies (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/pipr#NYSE">PIPR</a>) climbed 4.6% to $185.52 following upbeat results.</li>
<li>SkyWest, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/skyw#NASDAQ">SKYW</a>) gained 4.1% to $56.30. Raymond James analyst Savanthi Syth maintained SkyWest with an Outperform and raised the price target from $55 to $65.</li>
</ul>
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Now Read This: <a href="https://www.benzinga.com/news/24/02/36908496/top-4-health-care-stocks-that-may-crash-this-quarter"> Top 4 Health Care Stocks That May Crash This Quarter</a>

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Clorox Posts Upbeat Earnings, Joins Cigna, Deckers Outdoor And Other Big Stocks Moving Higher On Friday

Raymond James analyst Savanthi Syth maintains SkyWest (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SKYW#NASDAQ">SKYW</a>) with a Outperform and raises the price target from $55 to $65.

Raymond James Maintains Outperform on SkyWest, Raises Price Target to $65

SkyWest (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SKYW#NASDAQ">SKYW</a>) reported its Q4 earnings results on Thursday, February 1, 2024 at 04:01 PM.
Here's what investors need to know about the announcement.
<h3>Earnings</h3>
SkyWest beat estimated earnings by 180.0%, reporting an EPS of $0.42 versus an estimate of $0.15.
Revenue was up $70.54 million from the same period last year.
<h3>Past Earnings Performance</h3>
Last quarter the company beat on EPS by $0.15 which was followed by a 11.62% increase in the share price the next day.
Here's a look at SkyWest's past performance:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q3 2023</th>
<th>Q2 2023</th>
<th>Q1 2023</th>
<th>Q4 2022</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>0.40</td>
<td>-0.45</td>
<td>-0.56</td>
<td>0.08</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>0.55</td>
<td>0.35</td>
<td>-0.45</td>
<td>-0.93</td>
</tr>
<tr>
<td>Revenue Estimate</td>
<td>756.15M</td>
<td>717.66M</td>
<td>668.62M</td>
<td>711.44M</td>
</tr>
<tr>
<td>Revenue Actual</td>
<td>766.17M</td>
<td>725.64M</td>
<td>691.83M</td>
<td>681.25M</td>
</tr>
</tbody>
</table>

To track all earnings releases for SkyWest <a href="https://www.benzinga.com/quote/SKYW/earnings">visit their earnings calendar here.</a> 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Earnings

Recap: SkyWest Q4 Earnings

SkyWest (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SKYW#NASDAQ">SKYW</a>) reported quarterly earnings of $0.42 per share which beat the analyst consensus estimate of $0.15 by 180 percent. This is a 145.16 percent increase over losses of $(0.93) per share from the same period last year. The company reported quarterly sales of $751.79 million which missed the analyst consensus estimate of $758.49 million by 0.88 percent. This is a 10.35 percent increase over sales of $681.25 million the same period last year.

SkyWest Q4 EPS $0.42 Beats $0.15 Estimate, Sales $751.79M Miss $758.49M Estimate

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Earnings Scheduled For February 1, 2024

SkyWest (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SKYW#NASDAQ">SKYW</a>) is set to give its latest quarterly earnings report on Thursday, 2024-02-01. Here's what investors need to know before the announcement.
Analysts estimate that SkyWest will report an earnings per share (EPS) of $0.15. 
SkyWest bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
<h3>Past Earnings Performance</h3>
Last quarter the company beat EPS by $0.15, which was followed by a 11.62% increase in the share price the next day.
Here's a look at SkyWest's past performance and the resulting price change:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q3 2023</th>
<th>Q2 2023</th>
<th>Q1 2023</th>
<th>Q4 2022</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>0.40</td>
<td>-0.45</td>
<td>-0.56</td>
<td>0.08</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>0.55</td>
<td>0.35</td>
<td>-0.45</td>
<td>-0.93</td>
</tr>
<tr>
<td>Price Change %</td>
<td>11.62%</td>
<td>12.33%</td>
<td>17.57%</td>
<td>-15.35%</td>
</tr>
</tbody>
</table>

<img src="https://www.benzinga.com/files/images/story/2024/1706724098_0.png" alt="eps graph" />
<h3>Stock Performance</h3>
Shares of SkyWest were trading at $54.75 as of January 30. Over the last 52-week period, shares are up 150.39%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release. 
<a href="https://www.benzinga.com/quote/SKYW/earnings">To track all earnings releases for SkyWest visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Earnings Preview: SkyWest

American Airlines Group Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAL#NASDAQ">AAL</a>) and Alaska Air Group Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ALK#NYSE">ALK</a>) are among the popular <a href="https://www.benzinga.com/topic/airlines" target="_blank" rel="noreferrer noopener">airlines in the U.S.</a>
Both airline companies are reporting their fourth-quarter (Q4) earnings on Jan. 25 <a href="https://www.benzinga.com/calendars/earnings">before market hours</a>. 
<figure class="wp-block-image size-full"><img loading="lazy" decoding="async" width="750" height="650" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/01/24110046/AAL-vs-ALK-1000-Jan-24.png" alt="" class="wp-image-192729" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/01/24110046/AAL-vs-ALK-1000-Jan-24.png 750w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/01/24110046/AAL-vs-ALK-1000-Jan-24-300x260.png 300w" sizes="(max-width: 750px) 100vw, 750px" /></figure>
American Airlines shares are down about 12% over the past year. Wall Street expects the company to report 10 cent in EPS and $13.02 billion in revenues. The stock commands a $9.19 billion in market cap on the U.S. stock market.
Commanding market cap of $4.64 billion currently, Alaska Air stock is down about 28% over the past year. The stock is down over 8.5% YTD, post the incident on Jan. 5, where a panel on the aircraft&nbsp;<a href="https://www.benzinga.com/markets/equities/24/01/36538915/boeing-737-max-9-groundings-trigger-stock-turbulence-for-carriers-as-regulators-order-safety-che" target="_blank" rel="noreferrer noopener">blew out in mid-air</a>, led to the grounding of over 170 Boeing 737 Max 9s. The passengers were on board an Alaska Airlines flight, causing reputational damage to both Alaska Air and Boeing Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BA#NYSE">BA</a>).
Related: <a href="https://www.benzinga.com/24/01/36750759/i-am-angry-says-alaska-airlines-ceo-on-boeing-737-max-9-mid-air-blowout-reveals-many-loose-bolts-fou" target="_blank" rel="noreferrer noopener">&#8216;I am Angry,&#8217; Says Alaska Airlines CEO On Boeing 737 Max 9 Mid-Air Blowout, Reveals Many Loose Bolts Found On Inspections</a>
<a href="https://www.benzinga.com/quote/ALK/earnings">Consensus estimates </a>for Alaska Air&#8217;s Q4 financial results stand at an $18 cents in EPS and $2.55 billion in revenues.
In terms of stock performance, Alaska Air has largely lagged American Airlines stock over the past year. While, the former is down 28%, the latter is down 12%.
Investors would be keen to know which is the better buy? Let&#8217;s take a quick look at how these companies compare. While both being airline operators, they have distinct strategies and strengths.
<h2 class="wp-block-heading">Market Presence and Network</h2>
American Airlines is a global aviation giant, renowned for its extensive route network connecting passengers to international destinations. American Airlines&nbsp;flies to more than 350 destinations in more than 60 countries. 
In contrast, Alaska Airlines, together with its regional partners Horizon Air and SkyWest&nbsp;Airlines (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SKYW#NASDAQ">SKYW</a>), strategically dominates the West Coast market, excelling in regional connectivity.
<h2 class="wp-block-heading">Financial Resilience and Debt Levels</h2>
American Airlines grapples with a substantial debt load, impacting its financial flexibility. For the past four years, the company&#8217;s total debt has been reported at over $40 billion and net debt over $30 billion, both highest among peers. It&#8217;s long-term debt/total capital ratio stands at a whopping <a href="https://seekingalpha.com/symbol/AAL/peers/comparison">99.95</a>%.
Conversely, Alaska Air maintains a healthier balance sheet, positioning it as a more stable player in the airline industry. The company has a long-term debt/total capital ratio of <a href="https://seekingalpha.com/symbol/ALK/peers/comparison?compare=ALK,ACDVF,JOBY,CPA,AFLYY,QABSY">39.43</a>%.
<h2 class="wp-block-heading">Operational Focus and Efficiency</h2>
American Airlines has a broad operational focus and invests in fleet modernization for improved efficiency. Its robust loyalty program, AAdvantage, adds a competitive edge. However, frequent labor disputes pose a challenge.
In contrast, Alaska Air stands out for its historical commitment to operational excellence. Alaska Air sports a healthier balance sheet compared to many competitors. Nevertheless, the airline faces limitations in terms of international exposure, relying heavily on its domestic operations. Alaska Air maintains a young operational&nbsp;fleet&nbsp;of Boeing 737&nbsp;aircrafts and Embraer 175&nbsp;aircrafts.
<h2 class="wp-block-heading">Valuation Differences</h2>
<figure class="wp-block-image size-full"><img loading="lazy" decoding="async" width="650" height="450" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/01/24110456/AAL-vs-ALK-pe-chart-Jan-24.png" alt="" class="wp-image-192734" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/01/24110456/AAL-vs-ALK-pe-chart-Jan-24.png 650w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/01/24110456/AAL-vs-ALK-pe-chart-Jan-24-300x208.png 300w" sizes="(max-width: 650px) 100vw, 650px" /></figure>
Chart compiled using Yahoo Finance data.
Looking at stock valuations, American Airlines stock comes with a more favorable trailing earnings multiple, as well as forward earnings multiple. Valuations clearly appear to side with American. While the difference is wide enough to aid decision-making, let's just look further on at analyst consensus ratings for validation.
<figure class="wp-block-image size-full"><img loading="lazy" decoding="async" width="650" height="850" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/01/24110717/AAL-vs-ALK-consensus-chart-Jan-24.png" alt="" class="wp-image-192736" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/01/24110717/AAL-vs-ALK-consensus-chart-Jan-24.png 650w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/01/24110717/AAL-vs-ALK-consensus-chart-Jan-24-229x300.png 229w" sizes="(max-width: 650px) 100vw, 650px" /></figure>
Chart compiled using Yahoo Finance data.
And the tables have turned! Per consensus analyst estimates, Alaska Air stock appears to offer more upside potential than American Airlines stock. Analysts see a good 43.21% upside associated with Alaska Air stock. American Airlines stock, on the other hand, comes with a 9.72% upside per analysts.
Investors need to consider their risk tolerance, market preferences, and the specific strengths and challenges presented by each airline when evaluating these investment opportunities in the dynamic airline sector.
Read Next: <a href="https://www.benzinga.com/markets/equities/24/01/36722670/united-airlines-vs-southwest-airlines-which-stock-offers-more-upside" target="_blank" rel="noreferrer noopener">United Airlines Vs. Southwest Airlines: Which Stock Offers More Upside?</a>

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American Airlines Vs. Alaska Air: Which Is The Better Buy Heading Into Q4 Earnings?

Airlines in the U.S. have been reportedly forced to cancel more than 1,600 flights on Friday due to a severe winter storm that brought power outages and business disruptions across 12 states.
The storm&#8217;s forecast indicates a harsh freeze over the coming weekend, exacerbating travel disruptions.
A total of 1,643 flights were canceled, and 1,238 flights were delayed as of 9.12 a.m. ET, reported Reuters, citing flight-tracking website FlightAware.
Delta Air Lines&nbsp;Inc&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DAL#NYSE">DAL</a>) acknowledged the expected operational difficulties due to the weather conditions in the Midwest, as per the report.
On Thursday, the Federal Aviation Administration (FAA) reportedly alerted about potential delays at certain airports due to adverse weather conditions.
According to the report,&nbsp;Southwest Airlines Company&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LUV#NYSE">LUV</a>) led the list of cancellations with 355 flights followed by&nbsp;SkyWest, Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SKYW#NASDAQ">SKYW</a>) at 275.
United has scrapped 258 flights so far, with some cancellations extending to Saturday, the report added.
United has also preemptively canceled some flights scheduled for Saturday as it awaits regulatory clearances to recommence operations of&nbsp;Boeing&nbsp;Co&#8217;s&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BA#NYSE">BA</a>) 737 MAX 9 jets in the country.
The FAA&#8217;s ongoing&nbsp;<a target="_blank" href="https://www.benzinga.com/markets/equities/24/01/36600968/boeing-shares-drop-further-after-us-aviation-regulator-opens-investigation" rel="noreferrer noopener">formal investigation into the Boeing 737 MAX 9</a>&nbsp;stems from an incident involving an&nbsp;Alaska Air Group Inc&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ALK#NYSE">ALK</a>) flight. Last week, a cabin panel on one of these aircraft dislodged mid-air,&nbsp;<a target="_blank" href="https://www.benzinga.com/markets/equities/24/01/36526743/over-170-boeing-737-max-9s-grounded-as-alaska-air-passengers-recall-terrifying-incident" rel="noreferrer noopener">resulting in an emergency landing</a>.
Also See:&nbsp;<a target="_blank" href="https://www.benzinga.com/markets/equities/24/01/36581407/does-boeing-stocks-recent-nosedive-present-a-good-entry-point-for-investors" rel="noreferrer noopener">Does Boeing Stock&#8217;s Recent Nosedive Present A Good Entry Point For Investors?</a>
Price Action: DAL shares are trading lower by 8.2% at $38.76 on the last check Friday.
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo via Wikimedia Commons

Media

Winter Storm Adds Fuel To US Airlines' Troubles: Over 1600 Flights Reportedly Axed Amid Power Outages and Disruptions

The third-quarter <a href="https://www.benzinga.com/analyst-ratings/analyst-color/23/10/35434337/meta-stock-gets-unfriended-premarket-after-q3-print-whats-going-on">earnings season has largely been mixed so far, </a>reflecting the impact of the economic uncertainties on profit growth. That said, data suggests S&amp;P 500 companies may be on track to break a fourth-quarter earnings-declining streak. 
A Mixed Bag Laced With Caution: Last week, Investors reacted to disappointing earnings reports from some high-profile companies such as Meta Platforms, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) and Alphabet, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>). The former spooked investors with softer-than-expected cloud revenue and the latter with its cautious guidance. 
Two of the fellow &#8220;Magnificent Seven,&#8221; namely Microsoft Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) and Amazon, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) calmed investors&#8217; nerves, either with stellar results or positive commentary regarding the near term. Chip earnings were also a mixed bag, with Texas Instruments, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TXN#NASDAQ">TXN</a>) reporting a third-quarter miss, while Intel Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTC#NASDAQ">INTC</a>) cheered investors with a solid beat and positive outlook.
Energy giants Exxon Mobil Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XOM#NYSE">XOM</a>) and Chevron Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVX#NYSE">CVX</a>) reported below-consensus earnings for the quarter, and this served as a drag on the profit growth of S&amp;P 500 companies.
Midway into the season, about 49% of the S&amp;P 500 companies have released their earnings so far, with 78% of the companies reporting earnings beats and 62% ringing in revenue upside, <a href="https://advantage.factset.com/hubfs/Website/Resources%20Section/Research%20Desk/Earnings%20Insight/EarningsInsight_102723A.pdf">data</a> from FactSet shows.
The year-over-year blended earnings growth rate of S&amp;P 500 companies is expected at 2.7%, potentially marking the first growth since the third quarter of 2022.
Earnings Deluge Awaits: The tech earnings news flow continues in the unfolding week, with the likes of Apple, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>), Advanced Micro Devices, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>) and Qualcomm, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QCOM#NASDAQ">QCOM</a>) on tap. A slew of SMID-cap companies are also scheduled to disclose their quarterly earnings scorecard.
The earnings assume importance this week as they can influence the near-term trajectory of the equity market, which has been going through a lean patch since the end of July. Traders may also have to contend with the Fed decision, which is due Wednesday. Odds are in favor of a pause, although the rate outlook presented by Fed staffers could primarily move the market.
Apple&#8217;s report is the most-watched, given that the tech giant&#8217;s performance is seen as a barometer of the health of the global economy and consumer spending in particular. Due to the heavy weighting the stock has in the Nasdaq and S&amp;P 500 indices, it has the potential to take the market in one particular direction.
KeyBanc Capital Market&#8217;s Brandon Nispel has muted expectations, as he expects an in-line fourth-quarter performance and the softness to linger in the first quarter, which encompasses the key holiday selling season.
 John Vinh from KeyBanc calls for AMD to post in-line to slightly higher results and issue an in-line to slightly lower guidance. He expects the chipmaker to benefit from improving PC and server demand but sees a slight delay in the ramp of the MI300A at El Capitan posing a risk to the guidance. 
For Qualcomm, Vinh expects a beat-and-raise quarter, consistent with strong earnings results from Taiwanese fabless semiconductor company Mediatek last week, driven by Android restocking rush orders. 
See Also: The VC firm that backed Apple before its IPO in 1980 is focusing on AI — <a href="https://www.benzinga.com/money/kliken-jurny" target="_blank" rel="noreferrer noopener">Here's how you can do the same with $1,000</a>.
Key earnings to watch for during the week are:
Monday (before the market opens)
<ul>
<li>Check Point Software Technologies Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CHKP#NASDAQ">CHKP</a>)</li>
<li>JinkoSolar Holding Co., Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JKS#NYSE">JKS</a>)</li>
<li>McDonald&#8217;s Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MCD#NYSE">MCD</a>)</li>
<li>ON Semiconductor Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ON#NASDAQ">ON</a>)</li>
<li>SoFi Technologies, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SOFI#NASDAQ">SOFI</a>)</li>
<li>Western Digital Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WDC#NASDAQ">WDC</a>)</li>
</ul>
Monday (after the market close)
<ul>
<li>Vornado Realty Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VNO#NYSE">VNO</a>)</li>
<li>Rambus Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RMBS#NASDAQ">RMBS</a>)</li>
<li>Wolfspeed, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WOLF#NYSE">WOLF</a>)</li>
<li>Tenet Healthcare Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/THC#NYSE">THC</a>)</li>
<li>Transocean Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RIG#NYSE">RIG</a>)</li>
<li>Pinterest, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PINS#NYSE">PINS</a>)</li>
<li>Lattice Semiconductor Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LSCC#NASDAQ">LSCC</a>)</li>
</ul>
Tuesday (before the market opens)
<ul>
<li>Amgen Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMGN#NASDAQ">AMGN</a>)</li>
<li>Anheuser-Busch InBev NV (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BUD#NYSE">BUD</a>)</li>
<li>BP Plc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BP#NYSE">BP</a>)</li>
<li>Caterpillar, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CAT#NYSE">CAT</a>)</li>
<li>JetBlue Airways Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JBLU#NASDAQ">JBLU</a>)</li>
<li>Pfizer Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PFE#NYSE">PFE</a>)</li>
<li>Sirius XM Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SIRI#NASDAQ">SIRI</a>)</li>
</ul>
Tuesday (after the market close)
<ul>
<li>AMD</li>
<li>First Solar, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FSLR#NASDAQ">FSLR</a>)</li>
<li>Chesapeake Energy Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CHK#NASDAQ">CHK</a>)</li>
<li>Meritage Homes Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MTH#NYSE">MTH</a>)</li>
<li>Unum Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UNM#NYSE">UNM</a>)</li>
<li>Yum China Holdings, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/YUMC#NYSE">YUMC</a>)</li>
</ul>
Wednesday (before the market opens)
<ul>
<li>Bausch + Lomb Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BLCO#NYSE">BLCO</a>)</li>
<li>Brinker International, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EAT#NYSE">EAT</a>)</li>
<li>CVS Health Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVS#NYSE">CVS</a>)</li>
<li>DuPont de Nemours, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DD#NYSE">DD</a>)</li>
<li>GlaxoSmithKline plc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GSK#NYSE">GSK</a>)</li>
<li>Humana, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HUM#NYSE">HUM</a>)</li>
<li>The Kraft Heinz Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KHC#NYSE">KHC</a>)</li>
<li>Norwegian Cruise Line Holdings Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NCLH#NYSE">NCLH</a>)</li>
<li>SunPower Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SPWR#NASDAQ">SPWR</a>)</li>
<li>Yum! Brands, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/YUM#NYSE">YUM</a>)</li>
</ul>
Wednesday (after the market close)
<ul>
<li>Avis Budget Group, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CAR#NASDAQ">CAR</a>)</li>
<li>Exact Sciences Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EXAS#NASDAQ">EXAS</a>)</li>
<li>Electronic Arts Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EA#NASDAQ">EA</a>)</li>
<li>The Clorox Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CLX#NYSE">CLX</a>)</li>
<li>Etsy, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ETSY#NASDAQ">ETSY</a>)</li>
<li>Marathon Oil Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MRO#NYSE">MRO</a>)</li>
<li>MicroStrategy Incorporated (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>)</li>
<li>PayPal Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PYPL#NASDAQ">PYPL</a>)</li>
<li>Qualcomm</li>
<li>Qorvo, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QRVO#NASDAQ">QRVO</a>)</li>
<li>Roku, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ROKU#NASDAQ">ROKU</a>)</li>
</ul>
Thursday (before the market opens)
<ul>
<li>Bausch Health Companies Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BHC#NYSE">BHC</a>)</li>
<li>ConocoPhillips (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/COP#NYSE">COP</a>)</li>
<li>Crocs, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CROX#NASDAQ">CROX</a>)</li>
<li>Eli Lilly and Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LLY#NYSE">LLY</a>)</li>
<li>Ferrari N.V. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RACE#NYSE">RACE</a>)</li>
<li>Fox Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FOXA#NASDAQ">FOXA</a>)</li>
<li>Hyatt Hotels Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/H#NYSE">H</a>)</li>
<li>Marriott International, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MAR#NASDAQ">MAR</a>)</li>
<li>Moderna, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MRNA#NASDAQ">MRNA</a>)</li>
<li>The Wendy&#8217;s Company (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WEN#NASDAQ">WEN</a>)</li>
<li>Paramount Global (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PARA#NASDAQ">PARA</a>)</li>
<li>Regeneron Pharmaceuticals, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/REGN#NASDAQ">REGN</a>)</li>
<li>The Cigna Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CI#NYSE">CI</a>)</li>
<li>Starbucks Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SBUX#NASDAQ">SBUX</a>)</li>
<li>Peloton Interactive, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PTON#NASDAQ">PTON</a>)</li>
</ul>
Thursday (after the market close)
<ul>
<li>Apple</li>
<li>Block, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SQ#NYSE">SQ</a>)</li>
<li>DraftKings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DKNG#NASDAQ">DKNG</a>)</li>
<li>Dropbox, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DBX#NASDAQ">DBX</a>)</li>
<li>Expedia Group, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EXPE#NASDAQ">EXPE</a>)</li>
<li>Fortinet, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FTNT#NASDAQ">FTNT</a>)</li>
<li>Live Nation Entertainment, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LYV#NYSE">LYV</a>)</li>
<li>Palantir Technologies Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NYSE">PLTR</a>)</li>
<li>Skyworks Solutions, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SWKS#NASDAQ">SWKS</a>)</li>
</ul>
Friday (before the market opens)
<ul>
<li>Cardinal Health, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CAH#NYSE">CAH</a>)</li>
<li>Dominion Energy, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/D#NYSE">D</a>)</li>
</ul>
The SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>), an exchange-traded fund that tracks the performance of the S&amp;P 500 Index, ended Friday&#8217;s session down 0.45% at $410.68, according to <a href="https://benzinga.grsm.io/lxquj26b2sag">Benzinga Pro data.</a>
Photo by Phongphan on Shutterstock
Read Next: <a href="https://www.benzinga.com/news/earnings/23/10/35470981/amazon-q3-earnings-showcase-resilience-3-key-catalysts-strengthen-fundamental-value">Amazon Q3 Earnings Showcase Resilience: 3 Key Catalysts Strengthen Fundamental Value</a>

Analyst Color

AGYS

AMGN

BJRI

BLCO

CHKP

CHTR

CMCSA

CROX

DKNG

ETSY

EXAS

EXPE

FOXA

FSLR

FTNT

GOOG

GOOGL

INTC

KLAC

LOGI

LSCC

MRNA

MSFT

MSTR

NCLH

ODFL

ORLY

PARA

PLTR

PYPL

QCOM

QRVO

Apple, AMD, Palantir Earnings On Deck This Week As Market Seeks Positive Catalysts In Fed Decision Week

<h3>Gainers</h3>
<ul>
<li>SkyWest (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SKYW#NASDAQ">SKYW</a>) stock moved upwards by 11.7% to $42.31 during Friday's regular session. As of 13:30 EST, this security is trading at a volume of 412.6K shares, making up 101.8% of its average full-day volume over the last 100 days. The company's market cap stands at $1.7 billion. The company's, Q3 earnings came out yesterday. </li>
<li>Comfort Systems USA (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FIX#NYSE">FIX</a>) stock moved upwards by 10.7% to $170.03. As of 13:30 EST, Comfort Systems USA's stock is trading at a volume of 314.4K, which is 118.9% of its average full-day volume over the last 100 days. The company's market cap stands at $6.0 billion. As per the news, the Q3 earnings report came out yesterday. </li>
<li>Wheels Up Experience (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UP#NYSE">UP</a>) shares rose 9.16% to $1.43. Wheels Up Experience's stock is trading at a volume of 220.6K shares as of 13:30 EST. This is 18.0% of its average full-day volume over the last 100 days. The company's market cap stands at $238.5 million. </li>
<li>Stanley Black &amp; Decker (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SWK#NYSE">SWK</a>) shares increased by 8.59% to $83.87. As of 13:30 EST, this security is trading at a volume of 2.2 million shares, making up 153.5% of its average full-day volume over the last 100 days. The company's market cap stands at $12.8 billion. The company's, Q3 earnings came out today. </li>
<li>TOMI Environmental Solns (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TOMZ#NASDAQ">TOMZ</a>) shares moved upwards by 8.49% to $0.99. The company's market cap stands at $19.6 million. </li>
<li>Rentokil Initial (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RTO#NYSE">RTO</a>) stock rose 7.59% to $25.49. As of 13:30 EST, Rentokil Initial's stock is trading at a volume of 649.9K, which is 245.9% of its average full-day volume over the last 100 days. The company's market cap stands at $12.8 billion. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>Barnes Gr (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/B#NYSE">B</a>) shares decreased by 31.7% to $20.48 during Friday's regular session. The current volume of 1.3 million shares is 577.1% of Barnes Gr's average full-day volume over the last 100 days (last updated at 13:30 EST). The company's market cap stands at $1.0 billion. As per the news, the Q3 earnings report came out today. </li>
<li>Chart Industries (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GTLS#NYSE">GTLS</a>) shares decreased by 23.34% to $112.38. Chart Industries's stock is trading at a volume of 2.5 million shares as of 13:30 EST. This is 602.6% of its average full-day volume over the last 100 days. The market value of their outstanding shares is at $4.8 billion. As per the press release, Q3 earnings came out today. </li>
<li>ShiftPixy (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PIXY#NASDAQ">PIXY</a>) shares declined by 20.43% to $5.3. As of 13:30 EST, this security is trading at a volume of 137.4K shares, making up 170.6% of its average full-day volume over the last 100 days. The company's market cap stands at $2.9 million. </li>
<li>Aenza (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AENZ#NYSE">AENZ</a>) shares fell 16.32% to $2.0. The company's market cap stands at $159.5 million. </li>
<li>Nuvve Holding (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVVE#NASDAQ">NVVE</a>) shares declined by 13.94% to $0.2. As of 13:30 EST, this security is trading at a volume of 1.7 million shares, making up 54.0% of its average full-day volume over the last 100 days. The market value of their outstanding shares is at $8.1 million. </li>
<li>ATIF Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ATIF#NASDAQ">ATIF</a>) stock decreased by 13.62% to $1.11. The market value of their outstanding shares is at $10.6 million. 
See Also: <a href="http://www.benzinga.com/money/best-industrials-stocks/" title="www.benzinga.com/money/best-industrials-stocks/">www.benzinga.com/money/best-industrials-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

AENZ

ATIF

GTLS

NVVE

PIXY

TOMZ

12 Industrials Stocks Moving In Friday's Intraday Session

Air fares fall during March in the U.S. as the normalization trend continues

Airfares fall during March in the U.S. as the normalization trend continues

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
Companies focused on rapidly growing their business model can be a solid addition to any investor&rsquo;s portfolio. <a href="https://investorplace.com/stock-types/growth-stocks/">Growth stocks</a> typically offer strong earnings potential and impressive share price appreciation.



Purchasing shares in a company that has garnered a strong buy rating is also a great option when discovering which company will work best as an investment.



When these two significant drivers of investment potential are combined, being stocks with solid growth potential, especially in the near term, and strong buy ratings, it&rsquo;s a no-brainer for investors seeking a solid rate of return.



Here are a few options for growth stocks that meet the above mentioned criteria and offer the potential for share price appreciation and also have a strong buy rating.



<h2>SkyWest (SKYW)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2023/10/skyw1600-300x169.jpg" alt="A close-up shot of a SkyWest (SKYW) plane."><div>Source: Heather Dunbar / Shutterstock.com</div></div>SkyWest&nbsp;(NASDAQ:<a target="_blank" href="https://investorplace.com/stock-quotes/skyw-stock-quote/">SKYW</a>) is a regional airline with a fleet of around 500 aircraft. It offers passenger and cargo services, leases aircraft, and offers charter flights.



On Feb. 1, SkyWest announced its earnings for the&nbsp;<a target="_blank" href="https://inc.skywest.com/assets/Uploads/PressReleases/SKYW-Q4-2023-Earnings-Release-FINAL.pdf">fourth quarter full year 2023</a>, and it stated that total revenue increased by 10% year-over-year. It reported a net loss for Q4 2022 of $47 million, and for Q4 2023, it became a net income of $18 million.



SkyWest repurchased 1 million shares for approximately $45 million in the fourth quarter. The total share buyback program approved by its board of directors in May 2023 allows for another $91 million in repurchases.



It has a deal with multiple major airlines, including Alaska Air Group (NYSE:<a target="_blank" href="https://investorplace.com/stock-quotes/alk-stock-quote/">ALK</a>), United Airlines (NASDAQ:<a target="_blank" href="https://investorplace.com/stock-quotes/ual-stock-quote/">UAL</a>), and Delta Air Lines (NYSE:<a target="_blank" href="https://investorplace.com/stock-quotes/dal-stock-quote/">DAL</a>), to deliver<a target="_blank" href="https://inc.skywest.com/assets/Uploads/PressReleases/SKYW-Q4-2023-Earnings-Release-FINAL.pdf">&nbsp;its E175 aircraft</a>&nbsp;by the end of 2026.



SkyWest has performed remarkably well compared to its peers, such as Jet Blue Airways (NASDAQ:<a target="_blank" href="https://investorplace.com/stock-quotes/jblu-stock-quote/">JBLU</a>) and Frontier Group (NASDAQ:<a target="_blank" href="https://investorplace.com/stock-quotes/ulcc-stock-quote/">ULCC</a>). Its share price has more than tripled within the last year and still offers investors a decent value buy opportunity.



SKYW is an airline company that has been rewarding its investors. With strong earnings potential and the growing demand for travel, this may just be the start for SkyWest, which is the reason it has a strong buy rating.



<h2>Vital Farms (VITL)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/05/eggs-1600-300x169.png" alt="A carton of eggs is placed on top a burlap bag. One egg is cracked open. Why is the cost of eggs rising?"><div>Source: Poravute Siriphiroon / Shutterstock.com</div></div>Vital Farms&nbsp;(NASDAQ:<a target="_blank" href="https://investorplace.com/stock-quotes/vitl-stock-quote/">VITL</a>) is a company that produces pastured-raised eggs and other related products.



On Mar. 7, Vital Farms reported earnings for the&nbsp;<a target="_blank" href="https://investors.vitalfarms.com/news-releases/news-release-details/vital-farms-reports-fourth-quarter-and-fiscal-year-2023">fourth quarter full year 2023</a>, stating that total revenue increased by approximately 23% when compared to the previous year. Earnings per share for Q4 2022 were four cents, and in Q4 2023, it increased by over fourfold to seventeen cents. Cash and cash equivalents for Vital Farms were $116 million at the end of 2023, and it also mentioned that it had no outstanding debt.



The fiscal year 2024 Vital Farms outlook reports that total revenue is anticipated to increase by at least 17% over the full year 2023 results.



Its share price has risen by 68% within the last year, most notably due to increased revenue and growth in its customer base.



Vital Farms is definitely a strong buy stock due to its recent earnings growth. With its latest earnings report exceeding analyst expectations and a renewed view on the outlook of 2024, VITL could be a great pick-up for any investor.



<h2>Modine Manufacturing (MOD)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2024/04/mod1600-300x169.jpg" alt="The front of a Modine Manufacturing (MOD) facility with the company name and logo present."><div>Source: Tony Savino / Shutterstock.com</div></div>Modine Manufacturing&nbsp;(NYSE:<a target="_blank" href="https://investorplace.com/stock-quotes/mod-stock-quote/">MOD</a>) is a company that primarily produces heat transfer systems for a wide range of vehicles. It also supplies various HVAC and refrigeration products for industrial applications.



Over this past year, its share price has more than quadrupled due to increased earnings growth and the rollout of a new product.



On Jan. 30, Modine reported earnings for the&nbsp;<a target="_blank" href="https://investors.modine.com/press-releases/press-release-details/2024/Modine-Reports-Third-Quarter-Fiscal-2024-Results-Raises-Full-Year-Earnings-Guidance/default.aspx">third quarter of fiscal year 2023</a>, in which it stated that total sales remained practically unchanged and net income rose by 83%. Modine also revised its sales guidance for fiscal year 2024, which set the expected range for total sales to increase by 4-7%.



On Feb. 26, Modine announced that it&nbsp;had acquired <a href="https://investors.modine.com/press-releases/press-release-details/2024/Modine-Acquires-Scott-Springfield-Manufacturing-Gaining-Air-Handling-Unit-Offering-for-Strategic-Data-Center-and-Indoor-Air-Quality-Markets/default.aspx" target="_blank">Scott Springfield Manufacturing</a>, a Canadian manufacturer of air handling units. With this acquisition, Modine seeks to improve its indoor air quality product line.



Oppenheimer&rsquo;s recent increase in its price target to $105 shows that Modine still may see an overall increase in its share price, which may offer investors potential upside to a company that has had an incredible year.



As of this writing, Noah Bolton held a LONG position&nbsp;in MOD.&nbsp;The opinions expressed in this article are those of the writer, subject to the&nbsp;InvestorPlace.com&nbsp;<a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/" target="_blank">Publishing Guidelines.</a>
<div>Noah has about a year of freelance writing experience. He&rsquo;s worked with Investopedia dealing with
topics such as the stock market and financial news.</div><h3>More From InvestorPlace</h3>
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The post <a href="https://investorplace.com/2024/04/wall-street-favorites-3-growth-stocks-with-strong-buy-ratings-for-april-2024/">Wall Street Favorites: 3 Growth Stocks With Strong Buy Ratings for April 2024</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

Wall Street Favorites: 3 Growth Stocks With Strong Buy Ratings for April 2024

The airline industry is well-poised for continued growth thanks to surging passenger and air cargo demand amid rapid urbanization, globalization, and economic expansion. So, should you buy or watch airline stocks SkyWest (SKYW), International Consolidated Airlines (ICAGY), Controladora Vuela (VLRS), and Air Canada (ACDVF)? Read on… With the growing demand across passenger and air cargo segments due to rising international trade, increasing urbanization, and economic growth, the airline industry is experiencing substantial expansion. Further, with government initiatives toward upgrading airline infrastructures, the market will grow significantly.
Given the industry tailwinds, fundamentally sound Airline stocks SkyWest, Inc. (<a href="https://stocknews.com/stock/SKYW/">SKYW</a>), International Consolidated Airlines Group S.A. (<a href="https://stocknews.com/stock/ICAGY/">ICAGY</a>), Controladora Vuela Compañía de Aviación, S.A.B. de C.V. (<a href="https://stocknews.com/stock/VLRS/">VLRS</a>), and Air Canada (<a href="https://stocknews.com/stock/ACDVF/">ACDVF</a>) could be ideal buys for potential gains.
According to the data released by the International Air Transport Association (IATA), total passenger demand, calculated in revenue passenger kilometers (RPKs), <a href="https://www.iata.org/en/pressroom/2024-releases/2024-04-04-01/">grew by 21.5% in February 2024</a> compared to the previous year. Total capacity in available seat kilometers (ASK) increased 18.7% year-on-year, and the February load factor was 80.6%.
Also, the <a href="https://www.iata.org/en/pressroom/2024-releases/2024-04-03-01/">air cargo total demand</a>, measured in cargo tonne-kilometers (CTKs), witnessed a double-digit growth of 11.9% compared to February 2023 levels, marking the third consecutive month of double-digit year-on-year demand growth.
The airline market size stood at $523.04 billion in 2023 and is expected to reach $566.06 billion in 2024, <a href="https://blog.tbrc.info/2024/03/airlines-market-overview/">expanding at a CAGR of 8.2%</a>. Factors boosting market growth include deregulation of the airline industry, globalization and open skies agreements, and strategic alliances and mergers.
Furthermore, the <a href="https://www.faa.gov/newsroom/biden-harris-administration-announces-20-million-bipartisan-infrastructure-law-modernize">Federal Aviation Administration (FAA)</a> allocation of $20 million to 20 airport-owned airport traffic control towers across the country, spanning 17 states, will enhance the airline infrastructure. The stated funds will be applied to upgrade existing or build new control towers fostering the segment's growth widely.
Besides, the Flights market is expected to witness a significant surge in revenue, exhibiting a <a href="https://www.statista.com/outlook/mmo/shared-mobility/flights/worldwide">CAGR of 3.8%</a> during the forecast period (2024-2028), resulting in a projected market volume of $0.73tn by 2028. Also, online sales will contribute 89% of the total revenue by 2028.
In light of these encouraging trends, let's look at the fundamentals of the four best <a href="https://stocknews.com/category/airlines/">Airlines</a>, beginning with number 4.
Stock #4: SkyWest, Inc. (<a href="https://stocknews.com/stock/SKYW/">SKYW</a>)
SKYW engages in the operation of a regional airline. It operates in SkyWest Airlines and SWC; and SkyWest Leasing segments. Also, it is involved in leasing regional jet aircraft and spare engines to third parties, alongside the provision of on-demand charter, airport customer, and ground handling services.
On March 3, 2024, SKYW entered into a new flying agreement with United Airlines Holdings, Inc. (<a href="https://stocknews.com/stock/UAL/">UAL</a>) to place 20 partner-financed E175s under a four-year contract. The 20 E175s joined the SKYW's fleet throughout 2024. By the end of 2026, SKYW is set to operate a total of 278 E175 aircraft, which will expand and strengthen its strong position in the market.
SKYW's forward non-GAAP P/E of 10.32x is 44.5% lower than the industry average of 18.61x. Further, the stock's forward <a href="https://www.investopedia.com/terms/e/ev-ebitda.asp">EV/EBITDA</a> multiple of 5.88 is 48.5% lower than the industry average of 11.42. Likewise, its forward Price/Book of 1.31x is 50.5% lower than the industry average of 2.65x.
SKYW's trailing-12-month EBITDA margin of 16.68% is 21.8% higher than the industry average of 13.69%. Similarly, the stock's trailing-12-month levered FCF margin of 7.66% is higher than the industry average of 6.61%.
For the fourth quarter that ended on December 31, 2023, SKYW's total operating revenues increased 10.4% year-over-year to $751.79 million. Its operating income came in at $27.62 million, against an operating loss of $35.06 million in the prior year's quarter.
In addition, the company's net income and EPS were $17.52 million and $0.42 for the quarter, respectively.
Street expects SKYW's revenue and EPS for the second quarter (ending June 2024) to increase 15.2% and 389.5% year-over-year to $836.19 million and $1.71, respectively. Furthermore, the company surpassed the consensus EPS estimates in each of the trailing four quarters.
SKYW's stock has gained 65% over the past six months and 190.5% over the past year to close the last trading session at $67.72.
SKYW's solid outlook is reflected in its <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a>. The stock has an overall rating of B, which translates to a Buy in our proprietary rating system. The POWR Ratings are calculated by considering 118 different factors, each weighted to an optimal degree.
The stock has an A grade for Growth. It also has a B grade for Sentiment and Quality. Within the <a href="https://stocknews.com/category/airlines/">Airlines</a> industry, SKYW is ranked #8 out of 26 stocks.
<a href="https://stocknews.com/stock/SKYW/">Click here</a> to access additional ratings of SKYW (Momentum, Value, and Stability).
Stock #3: International Consolidated Airlines Group S.A. (<a href="https://stocknews.com/stock/ICAGY/">ICAGY</a>)
Headquartered in Harmondsworth, United Kingdom, ICAGY engages as a passenger and cargo transportation services provider in the United Kingdom, Spain, the U.S., and worldwide. It operates under British Airways, Iberia, Vueling, Aer Lingus, and LEVEL brands and functions through a diverse fleet of 582 aircraft.
In terms of forward EV/Sales, ICAGY is trading at 0.61x, 65.2% lower than the industry average of 1.74x. Likewise, the stock's forward Price/Sales multiple of 0.30 is 79.2% lower than the industry average of 1.45. Further, its forward non-GAAP P/E of 4.16x is 77.6% lower than the industry average of 18.58x.
ICAGY's trailing-12-month EBIT margin of 12.34% is 22.1% higher than the respective industry average of 10.11%. Also, the stock's trailing-12-month ROCE of 100.4% is 730.6% higher than the industry average of 12.09%.
For the fourth quarter that ended December 31, 2023, ICAGY's total revenue grew 13.1% year-over-year to €7.22 billion ($7.69 billion), of which its Passenger revenue increased 15.7% from the year-ago value to €6.29 billion ($6.70 billion). The company's operating profit came in at €502 million ($534.17 million), an increase of 5.2% from the prior year's quarter.
In addition, the company's profit after tax of €504 million ($536.30 million) indicates a growth of 117.2% year-over-year. Its free cash flow increased 34.8% from the prior year's quarter to €1.32 billion ($1.40 billion).
Analysts expect ICAGY's revenue for the fiscal year (ending December 2025) to increase 4% year-over-year to $34.27 billion, and its EPS is expected to grow 15.9% year-over-year to $1.06. Moreover, the company has topped the consensus EPS estimates in each of the trailing four quarters, which is impressive.
Shares of ICAGY have surged 12.4% over the past six months and 11.8% over the past year to close the last trading session at $3.98.
ICAGY's POWR Ratings reflect its bright prospects. The stock has an overall rating of B, which equates to a Buy in our proprietary rating system.
ICAGY has an A grade for Value and a B grade for Stability. The stock is ranked #5 among 26 stocks in the same industry.
In addition to the POWR Ratings I've just highlighted, you can see ICAGY's ratings for Growth, Sentiment, Quality, and Momentum <a href="https://stocknews.com/stock/ICAGY/">here</a>.
Stock #2: Controladora Vuela Compañía de Aviación, S.A.B. de C.V. (<a href="https://stocknews.com/stock/VLRS/">VLRS</a>)
Based in Mexico City, Mexico, VLRA provides air transportation services for passengers, cargo, and mail internationally. It operates 590 daily flights and, as of December 31, 2022, had leased 116 aircraft and 23 spare engines. The company also provides merchandising, travel agency, loyalty programs, and specialized and aeronautical technical services.
During March 2024, VLRS reported that its load factor increased by 1.3 pp year-over-year to 86.8%, as RPMs decreased by less than capacity. Also, its Mexican domestic RPMs decreased by 24.2%, while the international RPMs grew by 7.1%. During the month, VLRS transported 2.3 million passengers.
In terms of forward EV/EBITDA, VLRS is trading at 4x, 65% lower than the industry average of 11.42x. Further, the stock's forward Price/Sales multiple of 0.27 is 81.7% lower than the industry average of 1.46. Likewise, its forward Price/Cash Flow of 1.53x is 89% lower than the industry average of 13.90x.
VLRS' trailing-12-month levered FCF margin of 13.80% is 108.8% higher than the industry average of 6.61%. In addition, the stock's trailing-12-month CAPEX/Sales of 14.52% is 389.2% higher than the 2.97% industry average.
During the fourth quarter that ended December 31, 2023, VLRS' total operating revenue increased 9.6% year-over-year to $899 million. Its operating income grew 173.3% from the year-ago value to $164 million. Its net income and EPS came in at $112 million and $0.10, against a net loss of $22 million and $0.02 per share from the prior year's quarter, respectively.
In addition, the company's adjusted EBITDAR of $281 million indicates growth of 35.1% year-over-year. Its total assets stood at $5.16 billion as of December 31, 2023, compared to $4.47 billion as of December 31, 2022.
As per the company's guidance, VLRS expects CAPEX of $300 million for the fiscal year 2024.
Street expects VLRS' revenue for the fiscal year (ending December 2025) to increase 8% year-over-year to $3.29 billion. Its EPS for the same year is expected to grow 83.7% year-over-year to $0.60.
VLRS' shares have gained 4.4% over the past six months to close the last trading session at $7.05.
VLRS' sound fundamentals are reflected in its POWR Ratings. The stock has an overall rating of B, which translates to a Buy in our proprietary rating system.
The stock has a B grade for Growth, Value, Sentiment, and Quality. Within the Airlines industry, VLRS is ranked #4 out of 26 stocks.
In addition to the POWR Ratings highlighted above, you can check VLRS' ratings for Stability and Momentum <a href="https://stocknews.com/stock/VLRS/">here</a>.
Stock #1: Air Canada (<a href="https://stocknews.com/stock/ACDVF/">ACDVF</a>)
Headquartered in Saint-Laurent, Canada, ACDVF provides domestic, U.S. transborder, and international airline services. It offers scheduled passenger services under the Air Canada Vacations and Air Canada Rouge brand names. The company operates a fleet of 203 aircraft under the Air Canada brand name and provides air cargo services in more than 50 countries.
In terms of forward non-GAAP P/E, ACDVF is trading at 4.95x, 73.4% lower than the industry average of 18.58x. Further, the stock's forward EV/Sales multiple of 0.51 is 70.6% lower than the industry average of 1.74. Also, its forward Price/Sales of 0.28x is 80.4% lower than the industry average of 1.45x.
ACDVF's trailing-12-month gross profit margin and EBIT margin of 33.54% and 10.55% are favorably compared to the respective industry averages of 30.78% and 10.11%. Likewise, the stock's trailing-12-month net income margin of 10.42% is considerably higher than the industry average of 5.86%.
For the fourth quarter that ended December 31, 2023, ACDVF's operating revenues increased 10.6% year-over-year to C$5.18 billion ($3.76 billion). Its net income grew 9.5% from the year-ago value to C$184 million ($133.58 million), and its EPS stood at C$0.41.
Furthermore, the company's adjusted EBITDA was C$521 million ($378.24 million), up 33.9% from the prior year's quarter. And its free cash flow of C$669 million ($485.68 million) indicates growth of 109.1% year-over-year.
Analysts expect ACDVF's revenue for the fiscal year (ending December 2025) to increase 5.4% year-over-year to $17.82 billion, while its EPS is expected to grow 11.2% year-over-year to $3.01, respectively. Further, the company surpassed the consensus revenue and EPS estimates in all of the trailing four quarters.
Over the past month, the stock has soared 3.5% and marginally over the past six months to close the last trading session at $13.40.
ACDVF's strong prospects are reflected in its POWR Ratings. The stock has an overall grade of B, translating to a Buy in our proprietary rating system.
ACDVF has an A grade for Value and a B for Quality. It has ranked #3 among the 26 stocks within the Airlines industry.
To see the other ratings of ACDVF for Stability, Growth, Sentiment, and Momentum, <a href="https://stocknews.com/stock/ACDVF/">click here</a>.
What To Do Next?
Discover 10 widely held stocks that our proprietary model shows have tremendous downside potential. Please make sure none of these "death trap" stocks are lurking in your portfolio:
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<hr />
ICAGY shares were unchanged in premarket trading Monday. Year-to-date, ICAGY has gained 2.58%, versus a 7.81% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Mangeet Kaur Bouns</h2> <img src='https:/wp-content/uploads/2022/01/Mangeet-Kaur-Bouns_Image-4.jpg' style="float:left; padding:5px;width:125px;">Mangeet's keen interest in the stock market led her to become an investment researcher and financial journalist. Using her fundamental approach to analyzing stocks, Mangeet's looks to help retail investors understand the underlying factors before making investment decisions.<a href="https://stocknews.com/authors/?author=mangeet-kaurbouns">More...</a>The post <a href=https://stocknews.com/news/icagy-acdvf-skyw-vlrs-ual-4-bullish-airliner-stocks-to-consider-buy-or-watch/>4 Bullish Airliner Stocks to Consider - Buy or Watch?</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

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<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
The Russell 2000 is a stock market index that holds approximately 2000 stocks that trade mostly within the small-cap range. The&nbsp;<a href="https://www.ishares.com/us/products/239710/ishares-russell-2000-etf" target="_blank">iShares Russell 2000 ETF</a>&nbsp;(NYSEARCA:<a href="https://investorplace.com/stock-quotes/iwm-stock-quote/">IWM</a>) is a benchmark to represent the Russell 2000 index. The Russell 2000 index is diverse, with many different industries in its holdings. Not one of its holdings comprises more than 1% of its portfolio, except for Super Micro Computer (NASDAQ:<a href="https://investorplace.com/stock-quotes/smci-stock-quote/">SMCI</a>), which comprises 2% of the fund.



Here are a few stocks within the Russell 2000 index that have performed well recently and offer investors solid returns regarding share price appreciation and income generation.



<h2>Fluor (FLR)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2020/04/stockstobuy1600_11-300x169.jpg" alt='a green button on a keyboard has an arrow pointing upward with the word "Buy". bill ackman stocks. stocks to buy. most undervalued stocks with strong fundamentals to buy in April'><div>Source: AdityaB. Photography/ShutterStock.com</div></div>Fluor&nbsp;(NYSE:<a href="https://investorplace.com/stock-quotes/flr-stock-quote/">FLR</a>) is a construction and engineering company that provides fabrication and similar project management services globally. It serves the nuclear industry, engages in decarbonization efforts, and is involved in the energy and petrochemical markets.



Within the past year, its share price has risen by 29%, primarily due to a robust business model, improved revenue, and impressive contract acquisition.



On February 20, FLR reported earnings for the&nbsp;<a href="https://investor.fluor.com/news/news-details/2024/Fluor-Reports-Fourth-Quarter-and-Full-Year-2023-Results/default.aspx" target="_blank">fourth quarter full year 2023</a>, in which it stated that total revenue increased by 3% year-over-year and reported a net loss of $21 million. Its urban solutions business segment saw the largest jump in total profit of 10%. Also, its total backlog increased by 13%.



Fluor is a strong industrial company that provides investors with consistent returns. Even after a somewhat disappointing outlook forecast for the company that fell below analyst expectations, FLR has continued to see its share price rise. It&rsquo;s still a solid pick for investors.



<h2>Kite Realty Group (KRG)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/03/reit-1600-300x169.png" alt="REITs to buy Real estate investment trust REIT on an office desk."><div>Source: Vitalii Vodolazskyi / Shutterstock</div></div>Kite Realty Group&nbsp;(NYSE:<a href="https://investorplace.com/stock-quotes/krg-stock-quote/">KRG</a>) is a real estate investment trust (<a href="https://investorplace.com/stock-quotes/reit-stock-quote/" target="_blank">REIT</a>) that owns and operates large properties, particularly open-air shopping malls and similar assets. KRG owns interests in approximately 180 open-air shopping centers and has over 28 million square feet of leasable space within its owned locations.



On February 13, KRG released its earnings report for the&nbsp;<a href="https://ir.kiterealty.com/news-market-data/press-releases/news-details/2024/Kite-Realty-Group-Trust-Reports-Fourth-Quarter-and-Full-Year-2023-Operating-Results-and-Provides-2024-Guidance/default.aspx" target="_blank">fourth quarter full year 2023</a>, in which it stated that total revenue slightly decreased by 2% year-over-year. It reported a net loss of $1 million in Q4 2022; in Q4 2023, it improved to a net income of approximately $8 million.



KRG also reported a first-quarter dividend of twenty-five cents per share, which was paid to investors on April 12. This represents a 4% increase in its dividend payout year-over-year. On an annual basis, Kite Realty Group has a dividend yield of 4.98%.



Over the past year, the stock price has fallen by 3%. KRG is more of an income generation opportunity with its very solid dividend yield, increasing over the last few years. KRG is not a very volatile stock that would swing wildly in either direction. It&rsquo;s a solid buy for investors seeking income generation.



<h2>SkyWest (SKYW)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2021/08/shutterstock_403443151-300x169.jpg" alt="two women carrying luggage in an airport"><div>Source: Shine Nucha / Shutterstock</div></div>SkyWest&nbsp;(NASDAQ:<a href="https://investorplace.com/stock-quotes/skyw-stock-quote/">SKYW</a>) is a regional airline that transports passengers and cargo. It also offers aircraft leasing services and has a fleet of over 500 aircraft.



SkyWest has been one of the best-performing airline companies on the stock market over the last year; its share price has risen by 180% within that time period. Its peers, such as Frontier Group (NASDAQ:<a href="https://investorplace.com/stock-quotes/ulcc-stock-quote/">ULCC</a>) and JetBlue Airways (NASDAQ:<a href="https://investorplace.com/stock-quotes/jblu-stock-quote/">JBLU</a>), have experienced stagnant or negative share price growth over this past year.



On February 1, SkyWest reported earnings for the&nbsp;<a href="https://inc.skywest.com/assets/Uploads/PressReleases/SKYW-Q4-2023-Earnings-Release-FINAL.pdf" target="_blank">fourth quarter of 2023</a>, stating that total revenue increased by 10% year-over-year. A net loss of $47 million was reported for Q4 2022, and in Q4 2023, it shifted to a net income of $18 million.



SkyWest has seen impressive earnings growth that has propelled its share price to near all-time highs, among other events such as an E175 aircraft leasing agreement with multiple leading airline companies, most notably United Airlines (NASDAQ:<a href="https://investorplace.com/stock-quotes/ual-stock-quote/">UAL</a>). With&nbsp;<a href="https://seekingalpha.com/article/4668949-skywest-stock-outperform-travel-exceed-pre-pandemic-levels" target="_blank">travel demand</a>&nbsp;expected to continue rising, SkyWest is one of the best investment options for an airline company.



As of this writing, Noah Bolton&nbsp;did not hold (either directly or indirectly) any positions in the securities mentioned in this article.&nbsp;The opinions expressed in this article are those of the writer, subject to the&nbsp;InvestorPlace.com&nbsp;<a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/" target="_blank">Publishing Guidelines.</a>
<div>Noah has about a year of freelance writing experience. He&rsquo;s worked with Investopedia dealing with
topics such as the stock market and financial news.</div><h3>More From InvestorPlace</h3>
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The post <a href="https://investorplace.com/2024/04/3-russell-2000-stocks-to-buy-now-q2-edition/">3 Russell 2000 Stocks to Buy Now: Q2 Edition</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

3 Russell 2000 Stocks to Buy Now: Q2 Edition

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
When travelers and investors think about the airline industry, their attention remains captivated by big names like United Airlines (NASDAQ:<a href="https://investorplace.com/stock-quotes/ual-stock-quote/">UAL</a>) or Delta (NYSE:<a href="https://investorplace.com/stock-quotes/dal-stock-quote/">DAL</a>). After all, these airlines operate the most exciting routes and aircraft, with flashy first-class amenities and branded credit cards. 



Moreover, these major airline companies provide some of the highest profile and potentially profitable investment opportunities on the stock market. However, there&rsquo;s a subdivision of the industry that savvy aviation investors should consider &mdash; regional <a href="https://investorplace.com/industries/consumer-discretionary/travel/airline/">airline stocks</a>.



Regional airlines often fly under the radar. In fact, in most cases, consumers can&rsquo;t even buy tickets for a regional airline. Rather, these airlines allow major airlines to slap their name on their routes, or in some cases, use their pilots. 



This means the more remote routes travelers take <a href="https://www.flyaeroguard.com/learn/how-to-become-a-pilot/what-are-regional-airlines/">might carry the United Airlines name</a>, but are operated by an independent company.



<h2>Skywest Airlines (SKYW)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2023/10/skyw1600-300x169.jpg" alt="A close-up shot of a SkyWest (SKYW) plane."><div>Source: Heather Dunbar / Shutterstock.com</div></div>A genuine success story in the world of regional airline stocks, Skywest Airlines (NASDAQ:<a href="https://investorplace.com/stock-quotes/skyw-stock-quote/">SKYW</a>) has consistently outperformed the market. Despite the general malaise of the stock market since the start of April, SKYW has <a href="https://finance.yahoo.com/quote/SKYW/?guccounter=1&amp;guce_referrer=aHR0cHM6Ly93d3cuZ29vZ2xlLmNvbS8&amp;guce_referrer_sig=AQAAAG-ne8k3TPzW0v6WPXyOrcSp2Ivu44537M8AoVHGewkr2g9TJwpPPuOKSZOaRktR925Qq_ipmFsRVyNCG3LFXNDzMBLuq0WwbGhjZiCu8X5GJ2aOuNCzHIQ7HyHA0MM1G6XBFTnL0Mr_ECY5oLgvFlJ5_iRgufYtOOG497sKPhSB">grown by 8.6%</a> in the last month. 



What is it that has kept this airline&rsquo;s performance strong, despite the tumultuous recent years of the air travel industry?



The company operates mainly two aircraft models: the Bombardier/Canadair Regional Jet and the Embraer Regional Jet. Both aircraft are exceptionally fuel efficient for their routes, and the <a href="https://www.embraercommercialaviation.com/commercial-jets/e175/">ERJ&rsquo;s Brazilian heritage</a> keeps its maintenance expenses lower. Though these aircraft are hardly head-turners on the runway, they allow Skywest to operate shorter-haul and low-capacity flights effectively.



This positions Skywest as a critical support to major airlines that use their brand name to sell less common routes. Those airlines can then route passengers at regional airports via connecting flights to their larger hubs.



<h2>Frontier Group Holdings (ULCC)</h2>



<div><img width="300" height="165" src="https://investorplace.com/wp-content/uploads/2018/01/planemsn-300x165.jpg" alt="2 Stocks to Consider Buying Instead of Ryanair Stock"><div>Source: Shutterstock</div></div>As the parent company of a low-cost domestic airline, Frontier Group Holdings (NASDAQ:<a href="https://investorplace.com/stock-quotes/ulcc-stock-quote/">ULCC</a>) remains a stable member of the industry. Though not a regional airline by the industry definition, Frontier maintains routes specifically for providing low-cost service to Denver, Colorado. Thus, Frontier competes directly with Spirit Airlines (NYSE:<a href="https://investorplace.com/stock-quotes/save-stock-quote/">SAVE</a>), and it&rsquo;s for this reason it deserves a closer look from investors.



With its major competitor, Spirit, currently <a href="https://www.cnn.com/2024/04/08/business/spirit-airlines-furloughs/index.html">furloughing pilots</a> and closing routes, Frontier&rsquo;s potential grows by the day. The company also exclusively operates the Airbus (OTCMKTS:<a href="https://investorplace.com/stock-quotes/eadsy-stock-quote/">EADSY</a>) A319, A321 and A320 families of aircraft. This insulates it from the current maintenance issues that other airlines that rely on the Boeing (NYSE:<a href="https://investorplace.com/stock-quotes/ba-stock-quote/">BA</a>) 737 platform are experiencing.



In turn, Frontier exhibits less risk for groundings due to aircraft manufacturing errors and will likely gain a reputation boost. Though the company is undergoing some profitability issues and revenue cost increases, it has the potential to <a href="https://news.flyfrontier.com/frontier-airlines-announces-new-routes-expanding-operations-across-12-airports/#:~:text=Frontier%20Airlines%20Announces%20New%20Routes%2C%20Expanding%20Operations%20Across%2012%20Airports">corner the domestic market</a> over time.



<h2>Mesa Air Group (MESA)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2020/03/mesa-stock-1-300x169.jpg" alt="mesa airlines (MESA) logo on a mobile phone with clear sky in the background"><div>Source: IgorGolovniov / Shutterstock.com</div></div>Currently trading under a dollar, with a market capitalization below $50 million, Mesa Air Group (NASDAQ:<a href="https://investorplace.com/stock-quotes/mesa-stock-quote/">MESA</a>) could become lucrative. Essentially a penny stock within the regional airline stocks category, MESA operates on a smaller scale than its regional competitors. By focusing on the <a href="https://mhirj.com/themes/bca/pdf/Bombardier_CRJ_Series_Brochure.pdf">CRJ aircraft platform</a>, MESA has formed a close relationship with United Airlines as a regional operator.



Furthermore, the company has extensively restructured its financial operations over the past year. Two examples are its agreement with United to improve its operating rates and an asset sale program for debt reduction. With a higher payment from United, MESA will generate an <a href="https://investor.mesa-air.com/news-releases/news-release-details/mesa-air-group-enters-new-agreements-united-airlines-improved">additional $63.5 million in incremental revenue</a> over the next 12 months. Then, with the sale of its excess CRJs, the airline will generate $198 million in proceeds to pay $174.3 million in debt.



Though currently a small regional airline, MESA could potentially soar in profitability and value once unburdened by debt.



On the date of publication, Viktor Zarev&nbsp;did not have (either directly or indirectly) any positions in the securities mentioned in this article.&nbsp;The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com&nbsp;<a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/" target="_blank">Publishing Guidelines</a>.
<div>Viktor Zarev is a scientist, researcher, and writer specializing in explaining the complex world of technology stocks through dedication to accuracy and understanding.</div><h3>More From InvestorPlace</h3>
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The post <a href="https://investorplace.com/2024/04/grounded-no-more-3-regional-airline-stocks-to-lift-your-portfolio/">Grounded No More: 3 Regional Airline Stocks to Lift Your Portfolio</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

Grounded No More: 3 Regional Airline Stocks to Lift Your Portfolio

SkyWest, Inc., through its subsidiaries, engages in the operation of a regional airline in the United States. It operates through two segments, SkyWest Airlines and SWC; and SkyWest Leasing.

Chart Of The Day: SkyWest - Flying High To An All Time High

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