United Airlines Holdings Stock (NASDAQ: UAL)

United Airlines Holdings Stock (NASDAQ:UAL), Trade Ideas

United Airlines Holdings

United Continental Holdings, Inc.

United Airlines is a major us network carrier with hubs in San Francisco, Chicago, Houston, Denver, Los Angeles, New York/Newark, and Washington, D.C. United operates a hub-and-spoke system that is more focused on international and long-haul travel than its large U.S. peers.

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Biden-Harris Administration Introduces Rule for Swift Airline Refunds: DOT mandates automatic cash refunds for flight cancellations, delays, and schedule changes, streamlining passenger compensation process.

Airline Passenger Rights Elevated: Biden Administration Enforces Refund Rule

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Amazon.com, United Airlines And 2 Other Stocks Insiders Are Selling

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Last week&#39;s top performers included United Airlines, Bentley Systems, Progressive Corp and Morgan Stanley.

Tracking Last Week&#39;s Top Performers: Are These 7 Large-Cap Stocks In Your Portfolio?

United Airlines Holdings, Inc. - Common Stock

United Airlines Holdings Inc

The Biden-Harris Administration has announced a new rule requiring airlines&nbsp;to&nbsp;<a target="_blank" href="https://www.transportation.gov/briefing-room/biden-harris-administration-announces-final-rule-requiring-automatic-refunds-airline" rel="noreferrer noopener">swiftly issue automatic cash refunds to passengers.&nbsp;</a>
The U.S. Department of Transportation (DOT) finalized a rule mandating airlines to provide refunds under specific circumstances, aiming&nbsp;to eliminate disparities in refund policies across carriers.
Previously, airlines set varying standards, complicating refund requests for passengers.
Refunds&nbsp;will now be guaranteed&nbsp;for flight cancellations, significant schedule alterations, and delayed baggage return.
Under the new rule, refunds will be automatic, issued promptly within defined timeframes, and provided in cash or original payment method.
Some of the conditions that entitle passengers with a refund include the following:
Departure or arrival time difference of more than three hours for domestic flights and more than six hours for international flights.
If the passenger&nbsp;is scheduled&nbsp;to depart from a different origination airport or arrive at a different destination airport.
Itinerary with more connection points than&nbsp;that of&nbsp;the original itinerary, downgrading a passenger to a lower class of service.
If a passenger with a disability&nbsp;is scheduled&nbsp;to travel on a substitute&nbsp;aircraft&nbsp;that results in one or more accessibility features needed by the passenger being unavailable.
The above rules aim to simplify the refund process, eliminating cumbersome procedures and default issuance of travel credits.
DOT intends to propose further regulations, including bans on family seating fees and mandates for passenger compensation during flight disruptions.
Additionally, initiatives to enhance wheelchair users&#8217; travel rights are underway.
Some of the&nbsp;major&nbsp;air carriers in the U.S. include&nbsp;American Airlines Group Inc&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAL#NASDAQ">AAL</a>),&nbsp;United Airlines Holdings Inc&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UAL#NASDAQ">UAL</a>),&nbsp;Delta Air Lines Inc&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DAL#NYSE">DAL</a>), and&nbsp;Southwest Airlines Co&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LUV#NYSE">LUV</a>).
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo via Wikimedia Commons

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'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&#8217;s insider transactions</a> platform.
<h3 class="wp-block-heading">Accenture</h3>
<ul>
<li>The Trade: Accenture plc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ACN#NYSE">ACN</a>) General Counsel/Corp Secretary Joel Unruch <a href="https://www.benzinga.com/sec/insider-trades/">sold a total of 4,333 </a>shares at an average price of $316.12. The insider received around $1.37 million from selling those shares.</li>
<li>What's Happening: On April 10, Accenture acquired the integrated customer engagement agency Unlimited for an unknown sum.</li>
<li>What Accenture Does: Accenture is a leading global IT-services firm that provides consulting, strategy, and technology and operational services.</li>
</ul>
Have a look at our <a href="https://www.benzinga.com/premarket/">premarket coverage here</a>
<h3 class="wp-block-heading">Amazon.com</h3>
<ul>
<li>The Trade: Amazon.com, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) CEO Amazon Web Services Adam Selipsky <a href="https://www.benzinga.com/sec/insider-trades/">sold a total of 1,000 shares</a> at an average price of $180.19. The insider received around $180,190 from selling those shares.</li>
<li>What's Happening: BofA Securities analyst Justin Post reiterated a Buy rating on Amazon.Com with a price target of $204.</li>
<li>What Amazon.com Does: Amazon is a leading online retailer and one of the highest-grossing e-commerce aggregators, with $386 billion in net sales and approximately $578 billion in estimated physical/digital online gross merchandise volume in 2021.</li>
</ul>
<h3 class="wp-block-heading">United Airlines</h3>
<ul>
<li>The Trade: United Airlines Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UAL#NASDAQ">UAL</a>) EVP HR and Labor Relations Kate Gebo <a href="https://www.benzinga.com/sec/insider-trades/">sold a total of 30,000 shares</a> at an average price of $50.84. The insider received around $1.53 million from selling those shares.</li>
<li>What's Happening: United Airlines last week reported better-than-expected first-quarter financial results.</li>
<li>What United Airlines Does: United Airlines is a major us network carrier with hubs in San Francisco, Chicago, Houston, Denver, Los Angeles, New York/Newark, and Washington, D.C.</li>
</ul>
<h3 class="wp-block-heading">Marvell Technology</h3>
<ul>
<li>The Trade: Marvell Technology, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MRVL#NASDAQ">MRVL</a>) EVP &amp; Chief Legal Officer Mark Casper <a href="https://www.benzinga.com/sec/insider-trades/">sold a total of 2,500 shares</a> at an average price of $64.75. The insider received around $161,875 from selling those shares.</li>
<li>What's Happening: On April 16, Evercore ISI Group analyst Mark Lipacis initiated coverage on Marvell Tech with an Outperform rating and announced a price target of $88.</li>
<li>What Marvell Technology Does: Marvell Technology is a fabless chip designer focused on wired networking, where it has the second-highest market share.</li>
</ul>
Check This Out: <a href="https://www.benzinga.com/news/earnings/24/04/38370420/general-motors-tesla-and-3-stocks-to-watch-heading-into-tuesday">General Motors, Tesla And 3 Stocks To Watch Heading Into Tuesday</a>

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United Airlines shares are trading higher on continued strength after the company last week reported better-than-expected Q1 financial results.

These seven large-cap stocks were the best performers in the last week. Are they in your portfolio?
<ol>
<li>United Airlines Holdings, Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UAL#NASDAQ">UAL</a>) surged 21.79% last week after reporting first-quarter earnings. Revenue of $12.539 billion beat the consensus estimate of $12.4 billion, and adjusted EPS loss of $(0.15)<a target="_blank" href="https://www.benzinga.com/news/earnings/24/04/38291030/why-united-airlines-stock-is-rising-wednesday" rel="noreferrer noopener">&nbsp;beat the estimate of $(0.57)</a>. Several analysts&nbsp;<a target="_blank" href="https://www.benzinga.com/quote/UAL/analyst-ratings" rel="noreferrer noopener">raised their forecasts</a>&nbsp;for the stock.</li>
<li>UnitedHealth Group Incorporated (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UNH#NYSE">UNH</a>) increased 12.43% during the week thanks to better-than-expected revenue in the first quarter. The company is still dealing with the cyberattack on its subsidiary, Change <a href="https://www.benzinga.com/news/earnings/24/04/38267213/investors-cheer-unitedhealths-q1-earnings-despite-cyberattack-fallout-taking-872m-hit-from-hack" target="_blank" rel="noreferrer noopener">Healthcare, in February</a>.</li>
<li>Genuine Parts Company&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GPC#NYSE">GPC</a>) stock gained 10.07% after it reported better-than-expected first-quarter earnings&nbsp;<a target="_blank" href="https://www.benzinga.com/news/earnings/24/04/38316106/why-genuine-parts-shares-are-rising-today-after-q1-earnings" rel="noreferrer noopener">and boosted its annual profit outlook</a>.&nbsp;</li>
<li>Bentley Systems, Incorporated (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BSY#NASDAQ">BSY</a>) stock rose 7.94% last week. The French industrial giant Schneider Electric SE (OTC:<a class="ticker" href="https://www.benzinga.com/stock/SBGSY#OTC">SBGSY</a>) (OTC:<a class="ticker" href="https://www.benzinga.com/stock/SBGSF#OTC">SBGSF</a>) reportedly confirmed discussions of a potential <a href="https://www.benzinga.com/markets/equities/24/04/38333524/whats-going-on-with-bentley-systems-stock-amid-multibillion-dollar-merger-talks" target="_blank" rel="noreferrer noopener">acquisition of the company</a>.</li>
<li>Elevance Health, Inc.&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ELV#NYSE">ELV</a>) stock gained 5.15% last week after the company reported $2.2B in first-quarter net profit despite a 21% drop in Medicaid enrollment and raised its annual guidance. Several analysts&nbsp;<a target="_blank" href="https://www.benzinga.com/quote/ELV/analyst-ratings" rel="noreferrer noopener">raised their forecasts</a>&nbsp;on the stock.</li>
<li>Progressive Corp&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PGR#NYSE">PGR</a>) stock rose 3.34% in the last week after the company clocked 19% year-over-year growth in first-quarter Net Premiums. Several analysts&nbsp;<a target="_blank" href="https://www.benzinga.com/quote/PGR/analyst-ratings" rel="noreferrer noopener">raised their forecasts</a>&nbsp;on the stock.</li>
<li>Morgan Stanley&#8217;s&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MS#NYSE">MS</a>) stock gained 3.3% last week after it reported better-than-expected first-quarter results. Its investment banking&nbsp;<a href="https://www.benzinga.com//node/38272690" target="_blank" rel="noreferrer noopener">revenue grew 16% year over year</a>. The banking giant also&nbsp;<a href="https://www.benzinga.com//node/38287804" target="_blank" rel="noreferrer noopener">decided to slash jobs</a>&nbsp;in the APC region.</li>
</ol>
See Also: <a href="https://www.benzinga.com/news/large-cap/24/04/38348564/lets-spill-the-tea-top-consumer-tech-news-you-should-know-from-last-week">Let&#8217;s Spill The Tea: Top Consumer Tech News From Last Week That You Should Know</a>
Photo: Shutterstock

Tracking Last Week's Top Performers: Are These 7 Large-Cap Stocks In Your Portfolio?

<h3>An Almost Perfectly-Timed Post&nbsp;</h3>
On Wednesday, we wrote about&nbsp;<a href="https://www.zerohedge.com/news/2024-04-17/israel-bombs-iran-trade">the Israel-Bombs-Iran Trade</a>, and the next day Israel bombed Iran.&nbsp;
<blockquote>The Israel-Bombs-Iran Trade This one worked after October 7th. It could work again. <a href="https://twitter.com/search?q=%24UAL&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$UAL</a><a href="https://t.co/3HKAIksaff">https://t.co/3HKAIksaff</a>
&mdash; Portfolio Armor (@PortfolioArmor) <a href="https://twitter.com/PortfolioArmor/status/1780674338905014640?ref_src=twsrc%5Etfw">April 17, 2024</a></blockquote>
&nbsp;
The only problem is the Israeli strike we anticipated was one that would further escalate tensions between the two countries, but this one&nbsp;<a href="https://www.zerohedge.com/markets/futures-tumble-oil-and-gold-soar-reports-huge-explosions-central-iran-israeli-airstrikes">seems to have been calibrated</a>&nbsp;to not do that. Rather than immediately responding with its own missile attack, Iran responded with memes downplaying the effects of Israel&#39;s strikes.&nbsp;
&nbsp;
<blockquote>�� Iran quickly responds with a meme retaliation! <a href="https://t.co/NkT83YThiA">pic.twitter.com/NkT83YThiA</a>
&mdash; Lord Bebo (@MyLordBebo) <a href="https://twitter.com/MyLordBebo/status/1781211260547125497?ref_src=twsrc%5Etfw">April 19, 2024</a></blockquote>
&nbsp;
As a consequence, it doesn&#39;t look like we&#39;re going to get a big market move down in response this time. However...
<h3>Iran And Israel Are Launching Missiles At Each Other</h3>
Read that aga. Iran and Israel are launching missiles at each other. We&#39;re so quick to downplay events today, we forget out extraordinary this is, and how extraordinarily risky it is. So far, it hasn&#39;t set off an escalatory spiral, but it&#39;s easy to see how it could. Maybe anti-aircraft fire disables a missile or a drone headed for empty desert and it hits an apartment building instead. Footage of hundreds of dead civilians forces Israel or Iran&#39;s government to&nbsp;<a href="https://en.wikipedia.org/wiki/Fire_for_effect">fire for effect</a>&nbsp;next time, and we&#39;re off to the races. So let&#39;s game plan now what to do if that happens.&nbsp;
<h3>Have A Shopping List Ready&nbsp;</h3>
<div>There are two ways to approach this: you can have specific investments in mind that you plan to buy in the event of a war-related market crash, or you can have a ready-made screen or other source of ideas to identify them. If recent events are any guide, crypto will likely fall in the event of a real Israel-Iran war, so that&#39;s one possibility. Airlines are another, as in the case of United Airlines Holdings, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ual#NASDAQ">UAL</a>) we mentioned in your previous post. You want an airline with strong fundamentals--ideally one that just beat on earnings--so you can take advantage of a temporary war headwind knocking its share price down. In our case, we will have two sources of ideas to draw on if Israel-Iran turns into a real war:&nbsp;</div>
<h4>Our Weekly Top Names</h4>
Each week, we post the top ten names generated by&nbsp;<a href="https://portfolioarmor.com/">the Portfolio Armor web app</a>&nbsp;on our trading Substack. Those are the names our system estimates will have the highest potential returns over the next six months.&nbsp;
<a href="https://portfolioarmor.substack.com/p/top-names-4182024"><img alt="" src="https://www.benzinga.com/files/u69610/top_names_4.18.jpg" style="height:639px; width:624px" /></a>
Click on the image above to view that post.
Our core strategy is to buy equal dollar amounts of the&nbsp;Portfolio Armor web app&rsquo;s top ten names, put trailing stops of 10%-20% on them, and replace them with names from the current week&rsquo;s top ten when we get stopped out of a position. We got stopped out of two positions this week:
<ul>
<li>CleanSpark, Inc.&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/clsk#NASDAQ">CLSK</a>). Bought at $15.14 on&nbsp;<a href="https://portfolioarmor.substack.com/p/top-names-3142024/comment/52005861" rel="noopener noreferrer nofollow" target="_blank">3/19/2024</a>; stopped out at $13.75 on<a href="https://portfolioarmor.substack.com/p/top-names-2292024/comment/51666596" rel="" target="_blank">&nbsp;</a><a href="https://portfolioarmor.substack.com/p/top-names-3142024/comment/54125180" rel="noopener noreferrer nofollow" target="_blank">4/16/2024</a>.&nbsp;Loss: 9.2%.</li>
<li>Netflix, Inc.&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/nflx#NASDAQ">NFLX</a>). Bought at $230 on&nbsp;<a href="https://portfolioarmor.substack.com/p/top-names-2232023/comment/54278184" rel="noopener noreferrer nofollow" target="_blank">2/24/2023</a>; stopped out at $825.06 on&nbsp;<a href="https://portfolioarmor.substack.com/p/top-names-2232023/comment/54278290" rel="noopener noreferrer nofollow" target="_blank">4/18/2024</a>.&nbsp;Profit: 259%.</li>
</ul>
And we&#39;ve got a list of ten we can pick from to replace them. If Mideast war fears make those ten names cheaper when we&#39;re ready to buy, all the better.&nbsp;
<h3>Our Bargain Screen</h3>
The specifics of this screen are probably less important than its strictness--you want this screen to pick up solid long-term holds and rare prices. Our&nbsp;<a href="https://www.chartmill.com/stock/stock-screener?f=mc_snan,p_pg2,rsi14_b_30,sl_he_8_X,sl_pio_8_X,sl_dvd_8_X,sl_dy_4_X,exch_us&amp;a=221937">Chartmill&nbsp;</a>bargain screen is so strict that currently no stocks show up on it.&nbsp;
<img alt="" src="https://www.benzinga.com/files/u69610/bargain_screen.jpg" style="height:200px; width:624px" />
But if Israel or Iran strike each other for real next time, there will likely be some bargains popping up on this screen for us to buy.&nbsp;
If you want to stay in touch.
You can scan for optimal hedges for individual securities, find our current top ten names, and create hedged portfolios on&nbsp;<a href="https://portfolioarmor.com/">our website</a>.&nbsp;You can also follow Portfolio Armor on X&nbsp;<a href="https://twitter.com/portfolioarmor">here</a>, or become a free subscriber to our trading Substack using the link below (we&#39;re using that for our occasional emails now).
<iframe frameborder="0" height="320" src="https://portfolioarmor.substack.com/embed" width="480"></iframe>
This article is from an unpaid external contributor. It does not represent Benzinga&#39;s reporting and has not been edited for content or accuracy.

CLSK

NFLX

Israel Strikes Back (Kind Of)--Time To Revisit Our Israel-Bombs-Iran Trade After Israel's Performative Air Strikes On Iran

United Airlines Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UAL#NASDAQ">UAL</a>) has outperformed the market over the past 15 years by 3.62% on an annualized basis producing an average annual return of 16.07%. Currently, United Airlines Holdings has a market capitalization of $16.90 billion. 
Buying $1000 In UAL: If an investor had bought $1000 of UAL stock 15 years ago, it would be worth $8,007.01 today based on a price of $51.41 for UAL at the time of writing.
<h3>United Airlines Holdings's Performance Over Last 15 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1713540723_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

If You Invested $1000 In This Stock 15 Years Ago, You Would Have $8,000 Today

Macro Economic Events

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iShares MSCI Israel Capped Investable Market Index Fund

ISRA

United Airlines Says Canceling Daily Flight From Newark To Tel Aviv Through May 2; Says Continue To Closely Monitor The Situation

U.S. stocks were lower, with the Nasdaq Composite falling over 50 points on Thursday.
Shares of Ally Financial Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ALLY#NYSE">ALLY</a>) rose sharply during Thursday's session after the company reported better-than-expected quarterly financial results.
Ally Financial posted adjusted earnings of 45 cents per share, beating market estimates of 33 cents per share. The company's adjusted sales came in at $1.99 billion versus expectations of $1.96 billion.
Ally Financial shares jumped 7.7% to $39.06 on Thursday.
Here are some other big stocks recording losses in today's session.
<ul>
<li>Critical Metals Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRML#NASDAQ">CRML</a>) rose 24% to $9.30.</li>
<li>Canopy Growth Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CGC#NASDAQ">CGC</a>) shares gained 21.2% to $7.86.</li>
<li>Humacyte, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HUMA#NASDAQ">HUMA</a>) shares rose 13.9% to $3.5550.</li>
<li>Trump Media &amp; Technology Group Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DJT#NASDAQ">DJT</a>) jumped 13.4% to $29.92. The company in a filing explained to shareholders how to prevent shares from being loaned for a short interest position.</li>
<li>Aquestive Therapeutics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AQST#NASDAQ">AQST</a>) jumped 12.4% to $4.4050.</li>
<li>Badger Meter, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BMI#NYSE">BMI</a>) shares jumped 11.8% to $171.06 after the company reported better-than-expected first-quarter results.</li>
<li>FibroBiologics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FBLG#NASDAQ">FBLG</a>) rose 11.8% to $10.61.</li>
<li>CleanSpark, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CLSK#NASDAQ">CLSK</a>) climbed 11.7% to $16.66 as Bitcoin has gained over the past 24 hours.</li>
<li>Genuine Parts Company (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GPC#NASDAQ">GPC</a>) gained 11.1% to $160.05 after the company reported a first-quarter EPS beat and raised its FY24 guidance.</li>
<li>Barnes Group Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/B#NYSE">B</a>) rose 8.8% to $36.31. DA Davidson analyst Matt Summerville upgraded Barnes from Neutral to Buy and raised the price target from $35 to $45.</li>
<li>Iridium Communications Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IRDM#NASDAQ">IRDM</a>) climbed 8.5% to $26.81 after the company reported better-than-expected first-quarter financial results.</li>
<li>Apogee Enterprises, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/APOG#NASDAQ">APOG</a>) surged 8.1% to $60.42 following upbeat quarterly earnings.</li>
<li>ManpowerGroup Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MAN#NYSE">MAN</a>) gained 7.1% to $75.03 following strong second-quarter guidance.</li>
<li>Snap Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SNAP#NYSE">SNAP</a>) rose 6.2% to $11.58 following recent reports of the TikTok divest-or-ban bill moving on a fast track through Congress.</li>
<li>United Airlines Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UAL#NASDAQ">UAL</a>) jumped 4.6% to $50.99 after multiple analysts raised their price targets on the stock.</li>
<li>Now Read This: <a href="https://www.benzinga.com/news/24/04/38316287/netflix-earnings-are-imminent-these-most-accurate-analysts-revise-forecasts-ahead-of-earnings-call">Netflix Earnings Are Imminent; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call</a></li>
</ul>
<figure class="wp-block-gallery has-nested-images columns-default is-cropped wp-block-gallery-1 is-layout-flex wp-block-gallery-is-layout-flex"> 
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="612" height="418" data-id="298553" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/18140050/Image26-1.jpeg" alt="" class="wp-image-298553" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/18140050/Image26-1.jpeg 612w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/18140050/Image26-1-300x205.jpeg 300w" sizes="(max-width: 612px) 100vw, 612px" /><figcaption class="wp-element-caption">Double exposure of business woman are trading USA stock market by using digital tablet</figcaption></figure> 
</figure>

Intraday Update

ALLY

APOG

AQST

CRML

FBLG

HUMA

IRDM

SNAP

Ally Financial Reports Upbeat Earnings, Joins Badger Meter, Genuine Parts And Other Big Stocks Moving Higher On Thursday

Raymond James analyst Savanthi Syth maintains United Airlines Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UAL#NASDAQ">UAL</a>) with a Outperform and raises the price target from $66 to $70.

Price Target

Analyst Ratings

Raymond James Maintains Outperform on United Airlines Holdings, Raises Price Target to $70

United Airlines shares are trading higher after multiple analysts raised their price targets on the stock.

<h3>Waiting For The Boom</h3>
Israeli government and military officials&nbsp;<a href="https://www.zerohedge.com/geopolitical/uk-france-germany-join-bidens-call-israels-restraint-while-russia-defends-irans-strike">said this week</a>&nbsp;that Israel is going to attack Iran imminently, in response to Iran&#39;s missile strikes on Israel last weekend, but so far, market participants don&#39;t seem to believe it. As of this writing on Wednesday afternoon, the CBOE VIX Volatility Index (Index:VIX)&nbsp;was trading at an 18-handle and crude oil was down about 3% intraday. Presumably, if Israel does strike Iran, we are going to see a spike in volatility and well as oil prices, and see share prices in a lot of affected stocks come tumbling down. This is a good time to think ahead about what trades you will want to make when that happens. A trade we exited today may be instructive here.&nbsp;
<h3>The War Last Fall&nbsp;</h3>
It&#39;s worth remembering that after Hamas&#39;s attack on Israel on October 7th, and Israel&#39;s subsequent strikes on Gaza, many observers worried about the conflict spiraling into a wider Mideast War. One of the stocks impacted by that was&nbsp;United Airlines Holdings, Inc.&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ual#NASDAQ">UAL</a>), which ran a lot of flights into Israel. Despite beating Wall Street&#39;s consensus estimates on top and bottom lines when it reported earnings in mid-October, UAL shares tanked down into the mid-30s that week, on concerns the Mideast war would cut into its revenues. The big red candle on the left side of the chart below is when that happened.&nbsp;
<img alt="" src="https://www.benzinga.com/files/u69610/ual_chart.png" style="height:368px; width:900px" />That&#39;s when we posted a bullish trade on UAL in our trading Substack, which was to buy the $40 strike calls expiring on June 21st of this year, for $3.50.&nbsp;
<a href="https://portfolioarmor.substack.com/p/earnings-10192023" target="_blank"><img alt="" src="https://www.benzinga.com/files/u69610/trade_alert_10.19.png" style="height:862px; width:850px" /></a>
You can click on the image above to go to that post.&nbsp;
That trade filled the next day, on October 20th, when UAL was trading at $36 and change.&nbsp;
Flash forward to today. Yesterday, UAL reported earnings and beat on top and bottom lines again, and today it&#39;s up about 16% in response--that&#39;s the big green candle on the right side of the chart below.&nbsp;
<img alt="" src="https://www.benzinga.com/files/u69610/ual_chart.png" style="height:368px; width:900px" />
And we exited our $40 strike UAL calls at $8.40 today, for a 140% gain on the trade.&nbsp;
<h3>A Similar Trade Could Work Again</h3>
If Israel attacks Iran, it&#39;s likely we&#39;ll see another crash in UAL, at which time a similar bullish trade can work again. In the meantime, we&#39;re researching other potential buying opportunities that could open up following an Israeli attack on Iran. If you&#39;d like a heads up when we place those trades, feel free to subscribe to our trading Substack/occasional email list below.&nbsp;
If you want to stay in touch.
You can scan for optimal hedges for individual securities, find our current top ten names, and create hedged portfolios on&nbsp;<a href="https://portfolioarmor.com/">our website</a>.&nbsp;You can also follow Portfolio Armor on X&nbsp;<a href="https://twitter.com/portfolioarmor">here</a>, or become a free subscriber to our trading Substack using the link below (we&#39;re using that for our occasional emails now).
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This article is from an unpaid external contributor. It does not represent Benzinga's reporting and has not been edited for content or accuracy.

The Israel-Bombs-Iran Trade: This Trade That Worked After The Israel-Hamas War Started Could Work Again

United Airlines Holdings Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UAL#NASDAQ">UAL</a>) will be compensated by Boeing Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BA#NYSE">BA</a>) for financial losses incurred in the first quarter due to the grounding of 737 MAX 9 aircraft, the carrier <a href="https://www.sec.gov/ix?doc=/Archives/edgar/data/100517/000010051724000079/ual-20240331.htm" target="_blank" rel="noreferrer noopener">said </a>in a recent filing.
United Airlines revealed in a filing that a confidential deal with Boeing will involve &#8220;credit memos&#8221; for future purchases to offset the financial impact of the grounding and delivery rescheduling. A credit memo is an official acknowledgment of owed money to a customer.
United plans to account for these arrangements as a reduction to the cost basis of the previously-delivered Boeing 737 MAX 9 aircraft and future deliveries of the MAX 9 and MAX 10 aircraft.
United Airlines&#8217;s first quarter earnings reflected the approximately $200 million impact from the Boeing 737 MAX 9 grounding, without which the company&nbsp;<a target="_blank" href="https://www.benzinga.com//node/38279693" rel="noreferrer noopener">would have reported a quarterly profit.</a>
By February 5, 78 of United Airlines&#8217; 79 737 MAX 9 aircraft had returned to service after receiving final approval from the Federal Aviation Administration, reported Reuters.
The mid-air panel blowout has significantly damaged Boeing&#8217;s reputation,&nbsp;<a target="_blank" href="https://www.benzinga.com/markets/equities/24/03/37921734/outgoing-boeing-ceo-vows-persistence-in-crisis-aftermath-we-have-another-mountain-to-climb" rel="noreferrer noopener">leading to management changes</a>&nbsp;and regulatory restrictions on production, with deliveries halving in March.
Also Read:&nbsp;<a target="_blank" href="https://www.benzinga.com/news/earnings/24/04/38313046/alaska-air-gets-162m-in-initial-compensation-from-boeing-for-january-incident-issues-robust-q2-outl" rel="noreferrer noopener">Alaska Air Gets $162M In Initial Compensation From Boeing For January Incident, Issues Robust Q2 Outlook</a>
Price Action: UAL shares are trading higher by 5.21% at $51.20 on the last check Thursday.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo via Shutterstock

Media

What's Going On With United Airlines Stock Today?

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>Morgan Stanley raised the price target for United Airlines Holdings, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ual#NASDAQ">UAL</a>) from $75 to $80. Morgan Stanley analyst Ravi Shanker maintained an Overweight rating. United Airlines shares gained 17.5% to close at $48.74 on Wednesday. <a href="https://www.benzinga.com/quote/UAL/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Loop Capital slashed the price target for BJ&#39;s Wholesale Club Holdings, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/bj#NYSE">BJ</a>) from $85 to $80. Loop Capital analyst Laura Champine downgraded the stock from Buy to Hold. BJ&#39;s Wholesale Club shares fell 1.3% to close at $75.28 on Wednesday. <a href="https://www.benzinga.com/quote/BJ/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Wedbush increased Cinemark Holdings, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/cnk#NYSE">CNK</a>) price target from $20 to $23. Wedbush analyst Michael Pachter maintained an Outperform rating. Cinemark shares closed at $18.13 on Wednesday. <a href="https://www.benzinga.com/quote/CNK/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Keefe, Bruyette &amp; Woods cut the price target for U.S. Bancorp (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/usb#NYSE">USB</a>) from $52 to $45. Keefe, Bruyette &amp; Woods analyst David Konrad downgraded the stock from Outperform to Market Perform. U.S. Bancorp shares fell 3.6% to close at $39.52 on Wednesday. <a href="https://www.benzinga.com/quote/USB/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Deutsche Bank slashed Tesla, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/tsla#NASDAQ">TSLA</a>) price target from $189 to $123. Deutsche Bank analyst Emmanuel Rosner downgraded the stock from Buy to Hold. Tesla shares fell 1.1% to close at $155.45 on Wednesday. <a href="https://www.benzinga.com/quote/TSLA/analyst-ratings">See how other analysts view this stock.</a></li>
<li>B of A Securities cut Knight-Swift Transportation Holdings Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/knx#NYSE">KNX</a>) price target from $58 to $54. B of A Securities analyst Ken Hoexter maintained a Buy rating. Knight-Swift Transportation shares fell 4.4% to close at $48.53 on Wednesday. <a href="https://www.benzinga.com/quote/KNX/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>BMO Capital lowered the price target for Crown Castle Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/cci#NYSE">CCI</a>) from $110 to $105. BMO Capital analyst Ari Klein maintained a Market Perform rating. Crown Castle shares fell 1% to close at $93.05 on Wednesday. <a href="https://www.benzinga.com/quote/CCI/analyst-ratings">See how other analysts view this stock.</a></li>
<li>DA Davidson raised Barnes Group Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/b#NYSE">B</a>) price target from $35 to $45. DA Davidson analyst Matt Summerville upgraded the stock from Neutral to Buy. Barnes shares fell 1.6% to close at $33.39 on Wednesday. <a href="https://www.benzinga.com/quote/B/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Baird boosted Cadence Design Systems, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/cdns#NASDAQ">CDNS</a>) price target from $302 to $322. Baird analyst Joe Vruwink maintained an Outperform rating. Cadence Design shares fell 2.4% to close at $293.71 on Wednesday. <a href="https://www.benzinga.com/quote/CDNS/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Guggenheim raised Vertex Pharmaceuticals Incorporated (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/vrtx#NASDAQ">VRTX</a>) price target from $445 to $450. Guggenheim analyst Debjit Chattopadhyay maintained a Buy rating. Vertex Pharmaceuticals shares fell 0.3% to close at $393.10 on Wednesday. <a href="https://www.benzinga.com/quote/VRTX/analyst-ratings">See how other analysts view this stock</a>.</li>
</ul>
&nbsp;
Check This Out: <a href="https://www.benzinga.com/news/earnings/24/04/38307310/d-r-horton-netflix-and-3-stocks-to-watch-heading-into-thursday"> D.R. Horton, Netflix And 3 Stocks To Watch Heading Into Thursday </a>

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TSLA

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Tesla To $123? Here Are 10 Top Analyst Forecasts For Thursday

Susquehanna analyst Christopher Stathoulopoulos maintains United Airlines Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UAL#NASDAQ">UAL</a>) with a Positive and raises the price target from $55 to $60.

Susquehanna Maintains Positive on United Airlines Holdings, Raises Price Target to $60

Morgan Stanley analyst Ravi Shanker maintains United Airlines Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UAL#NASDAQ">UAL</a>) with a Overweight and raises the price target from $75 to $80.

Morgan Stanley Maintains Overweight on United Airlines Holdings, Raises Price Target to $80

B of A Securities analyst Andrew Didora maintains United Airlines Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UAL#NASDAQ">UAL</a>) with a Buy and raises the price target from $60 to $70.

B of A Securities Maintains Buy on United Airlines Holdings, Raises Price Target to $70

The CNN Money Fear and Greed index showed further decline in the overall market sentiment, while the index remained in the &quot;Fear&quot; zone on Wednesday.
U.S. stocks closed lower on Wednesday, with the S&amp;P 500 falling for a fourth straight session.
On the economic data front, crude oil inventories in the U.S. climbed by 2.735 million barrels in the week ended April 12, compared to a 5.841 million gain in previous prior week.
U.S. Bancorp (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/usb#NYSE">USB</a>) reported upbeat first-quarter FY24 earnings on Wednesday. United Airlines Holdings Inc (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ual#NASDAQ">UAL</a>) shares jumped over 17% on Wednesday after the company reported better-than-expected quarterly results.
Most sectors on the S&amp;P 500 closed on a negative note, with information technology, real estate and consumer discretionary stocks recording the biggest losses on Wednesday. However, utilities and consumer staples stocks bucked the overall market trend, closing the session higher.
The Dow Jones closed lower by around 45 points to 37,753.31 on Wednesday. The S&amp;P 500 fell 0.58% at 5,022.21, while the Nasdaq Composite dipped 1.15% at 15,683.37 during Wednesday&rsquo;s session.
Investors are awaiting earnings results from Marsh &amp; McLennan Companies, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/mmc#NYSE">MMC</a>), D.R. Horton, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/dhi#NYSE">DHI</a>) and Netflix, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/nflx#NASDAQ">NFLX</a>) today.
At a current reading of 34.4, the index remained in the &quot;Fear&quot; zone on Wednesday, versus a prior reading of 37.6.
What is CNN Business Fear &amp; Greed Index?
The Fear &amp; Greed Index is a measure of the current market sentiment. It is based on the premise that higher fear exerts pressure on stock prices, while higher greed has the opposite effect. The index is calculated based on seven equal-weighted indicators. The index ranges from 0 to 100, where 0 represents maximum fear and 100 signals maximum greediness.
&nbsp;
Read Next: <a href="https://www.benzinga.com/news/earnings/24/04/38285336/how-to-earn-500-a-month-from-intel-stock-ahead-of-q1-earnings"> How To Earn $500 A Month From Intel Stock Ahead Of Q1 Earnings</a>

Pre-Market Outlook

Investor Sentiment Decreases Further, S&P 500 Falls For Fourth Straight Session

JBHT

Benzinga Closing Bell Update: Semis And Freight Stocks Fall, Oil Drops On Inventory Build, Airlines Gain Following Strong Earnings From United

A sentiment of risk aversion looms over the markets during Wednesday&#8217;s trading session, triggering midday losses across the board in stocks and cryptocurrencies and prompting a flight towards bonds, as investor confidence remains dampened by<a href="https://www.benzinga.com/topic/macro-economic-events"> geopolitical and economic risks.</a>
The situation in the Middle East remains highly uncertain, with Israeli Prime Minister Benjamin Netanyahu stating that despite advice from allies to avoid a retaliation against Iran, Israel will make its own decisions on security.
Investors also parsed through the latest remarks from Fed Chair Jerome Powell, which officially dashed hopes for imminent rate cuts amid a lack of confidence about disinflation.
The S&amp;P 500 declined by 0.5% by 1.15 p.m. EDT, while the tech-heavy Nasdaq 100 underperforming, down by 1.2%. Semiconductors were among the weakest-performing industries, with the VanEck Semiconductors ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SMH#NYSE">SMH</a>) falling by 2.5%, on track to close at its lowest level in nearly two months.
Investors sought refuge in Treasuries for liquidity, causing yields to drop by 8 basis points in the 10-year tenor, while the iShares 20+ Year Treasury Bond ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TLT#NASDAQ">TLT</a>) rallied by 1%. Gold softened by 0.5%, while silver managed to inch up by 0.8%.
Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) faced significant downward pressure, with the largest cryptocurrency plummeting by 5.2% and hitting an intraday low of $59,650, now down 18% since its peak in March.
<h3 class="wp-block-heading">Wednesday&#8217;s Performance In Major US Indices, ETFs</h3>
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Major Indices</td>
<td>Price</td>
<td>1-day Chg %</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>37,743.82</td>
<td>-0.1%</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>1,963.08</td>
<td>-0.5%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>5,025.59</td>
<td>-0.5%</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>17,524.58</td>
<td>-1.1%</td>
</tr>
</tbody>
</table>
<figcaption class="wp-element-caption">Updated at 1:15 p.m. EDT</figcaption></figure>
The&nbsp;SPDR S&amp;P 500 ETF Trust&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) fell 0.5% to $501.05, the&nbsp;SPDR Dow Jones Industrial Average (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIA#NYSE">DIA</a>) inched 0.1% lower to $377.69 and the tech-heavy&nbsp;Invesco QQQ Trust&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>) fell 1.1% to $426.78, according to&nbsp;<a href="https://pro.benzinga.com/dashboard">Benzinga Pro data</a>.&nbsp;
Sector-wise, the Utilities Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLU#NYSE">XLU</a>) outperformed, up 1.4%. The Technology Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLK#NYSE">XLK</a>) was the major laggard, down 1%. 
<h3 class="wp-block-heading">Wednesday&#8217;s Stock Movers</h3>
<ul>
<li>United Airlines Holdings, Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UAL#NASDAQ">UAL</a>) rose over 14%, amid stronger-than-expected financial results last quarter. Peers such as American Airlines Group Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAL#NASDAQ">AAL</a>), Delta Airlines Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DAL#NYSE">DAL</a>) rose 4.5% and 2.5%, respectively. </li>
<li>Other companies reacting to earnings reports were J.B. Hunt Transport Services, Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JBHT#NASDAQ">JBHT</a>), down 8%, Abbott Laboratories&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ABT#NYSE">ABT</a>), down 2.5%, ASML Holding N.V. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ASML#NASDAQ">ASML</a>), down 7.5%, First Horizon Corporation&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FHN#NYSE">FHN</a>), up 2.2%, Travelers Companies, Inc.&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TRV#NYSE">TRV</a>), down nearly 8%, Prologis Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PLD#NYSE">PLD</a>), down 6.5%, and U.S. Bancorp&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/USB#NYSE">USB</a>), down 4%. </li>
<li>GE Vernova Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GEV#NYSE">GEV</a>) rallied 6% after BNP Paribas initiated coverage with an Outperform rating and $177 price target. </li>
<li>Notable names reporting after the close are CSX Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CSX#NASDAQ">CSX</a>), Alcoa Corporation&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AA#NYSE">AA</a>), Discover Financial Services&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DFS#NYSE">DFS</a>) and Las Vegas Sands Corp.&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LVS#NYSE">LVS</a>).</li>
</ul>
Read now: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/04/38297897/fund-managers-are-the-most-optimistic-since-2022-bull-sentiment-not-quite-at-close-">Fund Managers Are The Most Optimistic Since 2022: &#8216;Bull Sentiment Not Quite At Close-Your-Eyes-And-Sell Levels&#8217;</a>
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Stocks Fall As Geopolitics, Economic Worries Spook Investors, Chipmakers Sell Off, Bitcoin Tumbles To $60,000: What's Driving Markets Wednesday?

Shares of The Travelers Companies, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/trv#NYSE">TRV</a>) fell sharply during Wednesday&rsquo;s session following first-quarter earnings.
Travelers reported a mixed first quarter, with earnings lagging analyst&#39; expectations. Core income per share reached $4.69 from $4.11 a year ago, missing the $4.90 consensus forecast. Net income per share rose to $4.80 from $4.13 a year earlier.
Travelers shares dipped 8.1% to $205.03 on Wednesday.
Here are some other stocks moving in today&#39;s mid-day session.
<h3>Gainers</h3>
<ul>
<li>INVO Bioscience, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/invo#NASDAQ">INVO</a>) shares shot up 256% to $2.78 after the company reported a year-over-year increase in fourth-quarter revenue results and said it remains on track to reach its goal of reaching break-even or profitability within its current operations in 2024.</li>
<li>Edible Garden AG Incorporated (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/edbl#NASDAQ">EDBL</a>) gained 112% to $9.73 after the company reported preliminary first quarter FY24 results.</li>
<li>Sintx Technologies, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/sint#NASDAQ">SINT</a>) jumped 53% to $0.0350.</li>
<li>VIA optronics AG (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/viao#NYSE">VIAO</a>) shares gained 50.4% to $0.3924 after dipping over 15% on Tuesday.</li>
<li>AERWINS Technologies Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/awin#NASDAQ">AWIN</a>) jumped 42.2% to $4.70.</li>
<li>The Children&#39;s Place, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/plce#NASDAQ">PLCE</a>) climbed 35.5% to $9.64 after the company announced it entered into a new financing agreement with Mithaq Capital.</li>
<li>Vanda Pharmaceuticals Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/vnda#NASDAQ">VNDA</a>) gained 32% to $5.38 after the company announced that it submitted three proposals since February to acquire all of the outstanding shares of common stock of Vanda Pharmaceuticals and confirmed that its most recent proposal to acquire Vanda remains open for Vanda and its Board of Directors to consider.</li>
<li>EZGO Technologies Ltd. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ezgo#NASDAQ">EZGO</a>) gained 28% to $2.20. EZGO entered into a strategic cooperation framework agreement with Woteam to jointly explore the Southeast Asian Market.</li>
<li>CXApp Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/cxai#NASDAQ">CXAI</a>) shares rose 25% to $4.89 after the company announced 24% ARR growth in 2023.</li>
<li>TRACON Pharmaceuticals, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/tcon#NASDAQ">TCON</a>) rose 19.6% to $2.0461.</li>
<li>WiSA Technologies, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/wisa#NASDAQ">WISA</a>) gained 19% to $7.32 on continued upward momentum after the company announced a 5-year WiSA E licensing agreement with an HDTV/PTV brand.</li>
<li>Viracta Therapeutics, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/virx#NASDAQ">VIRX</a>) climbed 19% to $0.8501. Oppenheimer analyst Hartaj Singh maintained Viracta Therapeutics with an Outperform and maintained a $13 price target.</li>
<li>Spectaire Holdings Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/spec#NASDAQ">SPEC</a>) rose 17.5% to $0.94 after the company announced that it signed a distribution partnership agreement with a Fortune 1000 Energy Company.</li>
<li>Rani Therapeutics Holdings, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/rani#NASDAQ">RANI</a>) jumped 14.4% to $7.86.</li>
<li>Cullinan Therapeutics, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/cgem#NASDAQ">CGEM</a>) gained 14% to $19.75. HC Wainwright &amp; Co. analyst Edward White maintained Cullinan Oncology with a Buy and lowered the price target from $34 to $29.</li>
<li>United Airlines Holdings, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ual#NASDAQ">UAL</a>) rose 11.2% to $46.12 after the company reported better-than-expected first-quarter financial results.</li>
<li>Chromocell Therapeutics Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/chro#NYSE">CHRO</a>) gained 11.8% to $2.0356 after falling around 7% on Tuesday.</li>
<li>ALX Oncology Holdings Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/alxo#NASDAQ">ALXO</a>) rose 10.4% to $16.01.</li>
<li>AMC Entertainment Holdings, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/amc#NYSE">AMC</a>) gained 7.5% to $2.9250, bouncing back from the selling pressure the stock has faced in recent week.</li>
<li>Interactive Brokers Group, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ibkr#NASDAQ">IBKR</a>) rose 5.2% to $112.93 following upbeat quarterly earnings.</li>
</ul>
<h3>Losers</h3>
<ul>
<li>ICZOOM Group Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/izm#NASDAQ">IZM</a>) shares dipped 87.8% to $6.19.</li>
<li>Sunshine Biopharma, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/sbfm#NASDAQ">SBFM</a>) fell 47% to $3.5879.</li>
<li>Trio Petroleum Corp. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/tpet#NYSE">TPET</a>) fell 35.8% to $0.3144 after dipping over 22% on Tuesday.</li>
<li>Longeveron Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/lgvn#NASDAQ">LGVN</a>) dipped 31% to $2.43 after the company announced the exercise of warrants for $6.2 million in gross proceeds.</li>
<li>iSun, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/isun#NASDAQ">ISUN</a>) declined 27% to $0.1556.</li>
<li>China SXT Pharmaceuticals, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/sxtc#NASDAQ">SXTC</a>) fell 25.7% to $1.2001. China SXT Pharmaceuticals shares jumped 38% on Tuesday following a post on X from trader Zack Morris mentioning the stock.</li>
<li>Portage Biotech Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/prtg#NASDAQ">PRTG</a>) fell 25.3% to $0.21. The company recently announced that it is expanding its evaluation of strategic alternatives and implementing additional measures to extend its available cash runway.</li>
<li>Trilogy Metals Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/tmq#NYSE">TMQ</a>) shares fell 23.2% to $0.3865.</li>
<li>HUB Cyber Security Ltd. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/hubc#NASDAQ">HUBC</a>) dipped 22.6% to $1.44.</li>
<li>Destiny Tech100 Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/dxyz#NASDAQ">DXYZ</a>) fell 22% to $33.83 after gaining around 18% on Tuesday.</li>
<li>Finch Therapeutics Group, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/fnch#NASDAQ">FNCH</a>) dipped 21.9% to $2.42.</li>
<li>Sage Therapeutics, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/sage#NASDAQ">SAGE</a>) shares fell 20.8% to $12.37. The company announced topline results from Phase 2 PRECEDENT study of dalzanemdor for the treatment of people with mild cognitive impairment in Parkinson&#39;s Disease.</li>
<li>Ontrak, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/otrk#NASDAQ">OTRK</a>) fell 20.3% to $0.3666 after the company reported worse-than-expected quarterly financial results.</li>
<li>SolarMax Technology, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/smxt#NASDAQ">SMXT</a>) dipped 20% to $9.72 following fiscal year 2023 results.</li>
<li>Dragonfly Energy Holdings Corp. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/dfli#NASDAQ">DFLI</a>) declined 15.8% to $0.5199. Dragonfly Energy shares jumped over 36% on Tuesday after the company reported better-than-expected fourth-quarter EPS results.</li>
<li>Montrose Environmental Group, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/meg#NYSE">MEG</a>) fell 13.3% to $36.37 after announcing a public offering of 3 million shares.</li>
<li>Dynatronics Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/dynt#NASDAQ">DYNT</a>) fell 12.2% to $0.50 after gaining around 48% on Tuesday.</li>
<li>VinFast Auto Ltd. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/vfs#NASDAQ">VFS</a>) fell 12% to $2.70 following first-quarter earnings.</li>
<li>Adaptive Biotechnologies Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/adpt#NASDAQ">ADPT</a>) declined 9.3% to $2.4950.</li>
<li>SNDL Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/sndl#NASDAQ">SNDL</a>) fell 9.3% to $1.7950.</li>
<li>Arm Holdings plc (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/arm#NASDAQ">ARM</a>) fell 9.3% to $110.65.</li>
<li>J B Hunt Transport Services Inc (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/jbht#NASDAQ">JBHT</a>) shares fell 9.2% to $166.25 after the company missed first-quarter revenue and EPS estimates.</li>
<li>MicroStrategy Incorporated (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/mstr#NASDAQ">MSTR</a>) dipped 8.8% to $1,143.81. MicroStrategy is expected to report its financial results for the first quarter of 2024 after the closing bell on April 29, 2024.</li>
<li>Forward Air Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/fwrd#NASDAQ">FWRD</a>) fell 8.3% to $23.13.</li>
<li>Autodesk, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/adsk#NASDAQ">ADSK</a>) fell 7.1% to $211.97 after the company announced that it will not file its Annual Report on Form 10-K for the year ended Jan. 31, 2024 within the 15-day extension period. The company provided an update on the previously reported internal investigation that is currently being conducted by the Audit Committee.</li>
<li>ASML Holding N.V. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/asml#NASDAQ">ASML</a>) shares declined 7.2% to $907.11 after the company reported worse-than-expected first-quarter results and issued second-quarter guidance.</li>
</ul>
&nbsp;
Now Read This: <a href="https://www.benzinga.com/news/earnings/24/04/38293462/discover-financial-gears-up-for-q1-print-these-most-accurate-analysts-revise-forecasts-ahead-of-ear"> Discover Financial Gears Up For Q1 Print; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call</a>

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Why Travelers Shares Are Trading Lower By Around 8%? Here Are Other Stocks Moving In Wednesday's Mid-Day Session

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<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
While revenge travel may be a fading concept, consumers still value accruing their vacation hours, potentially boding well for certain <a href="https://investorplace.com/industries/consumer-discretionary/travel/">travel stocks</a> to buy now.



According to a Deloitte report, we may be moving into a <a href="https://www.hoteldive.com/news/travelers-prioritize-experiences-over-hotel-class-deloitte/705719/#:~:text=from%20your%20inbox.-,Travelers%20to%20prioritize%20experiences%20over%20hotel%20class%20in%202024%3A%20Deloitte,according%20to%20a%20new%20study.">new era of travel prioritization</a>. Per Hotel Dive&rsquo;s summary of the analysis, &ldquo;The report found that&nbsp;<a href="https://www.hoteldive.com/news/2024-hospitality-industry-trends/704159/?preview_gate=1">travelers are most likely to splurge on in-destination experiences</a>, lodging location and destination distance.&rdquo; So, the desire to explore hasn&rsquo;t diminished. Rather, certain preferences may have shifted.



Plus, expenditure data shows that people are still opening their wallets. That being the case, it&rsquo;s a great time to consider travel stocks to buy now.



<h2>Hilton (HLT)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2020/04/hlt1600-300x169.jpg" alt="the sign in front of a Hilton (HLT) hotel"><div>Source: josefkubes / Shutterstock.com</div></div>One of the biggest brands in the lodging industry, Hilton (NYSE:<a href="https://investorplace.com/stock-quotes/hlt-stock-quote/">HLT</a>) engages in managing, franchising, owning and leasing hotels and resorts. It operates through two segments: Management and Franchise, along with Ownership. Fundamentally, HLT stock faces stiff competition from the sharing economy, namely Airbnb (NASDAQ:<a href="https://investorplace.com/stock-quotes/abnb-stock-quote/">ABNB</a>). Nevertheless, Airbnb may be losing its luster.



Increasingly, I&rsquo;ve been reading up on some <a href="https://www.theinvisibletourist.com/why-you-shouldnt-use-airbnb-issues-you-didnt-know/">horror stories</a> about the company and its users&rsquo; experiences. Granted, this is not the majority experience. However, it&rsquo;s worth noting that the company has a <a href="https://www.tipranks.com/stocks/abnb/forecast">hold consensus</a> among analysts. Also, its average price target of $147.07 implies an 8% downside risk.



On the other hand, experts rate HLT stock a <a href="https://www.tipranks.com/stocks/hlt/forecast">consensus moderate buy</a> with a $213.91 price target. That implies about 8% upside potential. However, the high-side estimate calls for a price per share of $254.



Analysts are also looking at revenue to reach $11.24 billion, up 9.8% from last year&rsquo;s haul of $10.23 billion. Overall, it could be an intriguing idea for travel stocks to buy now.



<h2>United Airlines (UAL)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2020/12/jets-airlines-airport-1600-300x169.jpg" alt="a close-up shot of an airplane engine"><div>Source: frank_peters / Shutterstock.com</div></div>As one of the top-tier names in the airline industry, United Airlines (NASDAQ:<a href="https://investorplace.com/stock-quotes/ual-stock-quote/">UAL</a>) could be a huge beneficiary if travel sentiment truly picks up. What&rsquo;s intriguing about UAL stock is that the share price is heavily discounted relative to its pre-pandemic levels. Therefore, if the aforementioned prioritization occurs, United could enjoy a significant upside pathway.



One aspect to consider is the company&rsquo;s strong financial performance. In the trailing four quarters, the average surprise came out to 31.45%. Further, UAL recently popped higher on the underlying company&rsquo;s <a href="https://www.cnbc.com/2024/04/16/united-airlines-ual-1q-2024-earnings.html">strong earnings forecast</a>. Even with the boost, analysts&rsquo; average price target of $58.27 implies upside potential of over 13%. Further, the high-side target reaches an ambitious $75.



For fiscal 2024, experts anticipate revenue of $57.39 billion. That&rsquo;s up 6.8% from last year&rsquo;s print of $53.72 billion. Also, the most optimistic target calls for sales of $58.33 billion. In the following year, the top line could rise to $60.27 billion. Thus, it makes a reasonable case for travel stocks to buy now.



<h2>Uber (UBER)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2024/01/uber1600-300x169.png" alt="Uber sign on its headquarters building in San Francisco, California, USA - June 6, 2023. Uber Technologies is a transportation conglomerate."><div>Source: JHVEPhoto / Shutterstock.com</div></div>As the company that launched the ride-sharing concept (and the concept of the sharing economy), Uber (NYSE:<a href="https://investorplace.com/stock-quotes/uber-stock-quote/">UBER</a>) is a powerhouse among travel stocks to buy now. What makes it compelling is that it&rsquo;s attacking the broader value chain. Yes, the core business will center on ride sharing. However, it&rsquo;s making big inroads into food deliveries and even shipping.



Regarding the ride-sharing unit, Uber presents two main avenues for growth. First, the service caters to everyday mobility needs. Second, when going abroad to places where English isn&rsquo;t the main language, the underlying app is a lifesaver. Basically, the traveler and the driver conduct business via the app, not with each other. So, there are less likely to be problems (i.e. scams).



Notably, <a href="https://www.tipranks.com/stocks/uber/forecast">analysts are quite bullish</a> on UBER stock, forecasting EPS of $1.28 for the current fiscal year. That&rsquo;s up from last year&rsquo;s result of 82 cents. On the top line, they&rsquo;re projecting sales of $40.79 billion or a growth rate of 16.2%. The next year, revenue could fly to $47.47 billion. For speculators, UBER is one of the travel stocks to buy now.



On the date of publication, Josh Enomoto 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>A former senior business analyst for Sony Electronics, Josh Enomoto has helped broker major contracts with Fortune Global 500 companies. Over the past several years, he has delivered unique, critical insights for the investment markets, as well as various other industries including legal, construction management, and healthcare. Tweet him at @EnomotoMedia.</div><h3>More From InvestorPlace</h3>
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The post <a href="https://investorplace.com/2024/04/3-travel-stocks-to-buy-now-q2-edition/">3 Travel Stocks to Buy Now: Q2 Edition</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

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This week, we'll hear from American Airlines and Southwest Airlines. What can investors expect? We can use results from a peer, United Airlines, as a small read-through.

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<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>.

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