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9 Best Stocks To Buy In Q2? AMD, Lululemon And More
Friday, April 8, 2022 - 3:05pm | 1113The year got off to a bumpy start for investors, and the S&P 500 is now down 5.6% year-to-date in 2022. But while investors are growing increasingly concerned about inflation, rising interest rates and supply chain disruptions and geopolitical tension stemming from the war in Ukraine, Bank of...
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Analyst 'Struggles to Find The Benefits' From JetBlue's Takeover Bid For Spirit
Wednesday, April 6, 2022 - 10:19am | 286JetBlue Airways Corporation (NASDAQ: JBLU) has made a $33 per share offer for Spirit Airlines Incorporated (NYSE: SAVE), which equates to $3.7 billion in market capitalization, $7.4 billion in enterprise value and “a 7.3x EV/EBITDAR multiple on our 2023 estimates,” according to BofA...
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6 Best Transportation Stocks To Buy Right Now: FedEx, UPS And More
Wednesday, March 30, 2022 - 7:50am | 904Airlines and cruise line stocks have had an extremely volatile couple of years since the pandemic completely shut down global travel back in 2020. Travel industries still haven't recovered to their pre-pandemic levels. In addition, ongoing supply chain issues have created extreme volatility in...
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Why The Airline Stock Rebound Could Continue
Friday, March 18, 2022 - 2:23pm | 518Airline stocks have been on a wild ride in the past month as the Russian invasion of Ukraine has pushed crude oil prices to their highest level in 13 years. Top airline stocks plummeted in the opening days of March as investors feared the negative impact of surging fuel prices could have on...
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How This BofA Analyst Rates Frontier And Spirit Airlines Stocks After Merger Announcement
Tuesday, February 8, 2022 - 1:39pm | 298The merger deal between Spirit Airlines Incorporated (NYSE: SAVE) and Frontier Group Holdings Inc (NASDAQ: ULCC) represents an enterprise value of $6.6 billion and is in line with the long-term historical multiple of Spirit Airlines, according to BofA Securities. The Spirit-Frontier Analyst: Andrew...
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Why This BofA Securities Analyst Is Cutting Airline Price Targets
Monday, January 24, 2022 - 1:23pm | 339The underlying fundamentals in the airline sector remain challenging. Against this backdrop, investors should focus on quality names such as Delta Air Lines, Inc. (NYSE: DAL), rather than those with higher operating and financial leverage like United Airlines Holdings Inc (NASDAQ: UAL)...
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Cruise Spending Takes A Big Hit From Omicron, Analyst Says January Numbers Will Be Key For Industry
Wednesday, January 12, 2022 - 7:45pm | 450Cruise stocks Carnival Corp (NYSE: CCL), Royal Caribbean Cruises Ltd (NYSE: RCL) and Norwegian Cruise Line Holdings Ltd (NYSE: NCLH) are off to a hot start in 2022, but the latest data from Bank of America highlights just how much the omicron variant of COVID-19 has derailed the cruise industry...
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Analyst Upgrades Delta, Names Alaska Air Top Airline Pick For 2022
Friday, January 7, 2022 - 2:12pm | 439Airline stocks lagged the broad market recovery in 2021, and the COVID-19 omicron variant outbreak in the fourth quarter negatively impacted the global travel industry for the holiday season. One analyst said Friday that some airline stocks may finally be cleared for takeoff in 2022. The Analyst:...
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Airline Stock Short Interest Up 30% Since Omicron Variant Discovered
Tuesday, January 4, 2022 - 11:47am | 462Airline stock investors hoping for a return to normalcy in 2022 got some very bad news in late November when scientists discovered the omicron variant of COVID-19. The omicron news was a devastating blow for airline stock investors, but Bank of America analyst Andrew Didora said Tuesday that...
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Carnival Cruise Pricing Weakness Extends To The Second Half Of 2022
Tuesday, December 7, 2021 - 2:55pm | 475After a horrendous year in 2020, cruise stock investors haven’t gotten the rebound they were hoping for in 2021. Unfortunately, Bank of America analyst Andrew Didora said 2022 is now looking like an increasingly difficult environment for Carnival Corp (NYSE: CCL), Royal Caribbean Cruises Ltd...
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Royal Caribbean Analyst Says Business Will Be Back To Normal By Mid-2022
Monday, November 1, 2021 - 2:50pm | 256Although Royal Caribbean Cruises Ltd (NYSE: RCL) third-quarter results missed the consensus-estimated, the early phase of the cruise recovery has been as expected, according to BofA Securities. The Royal Caribbean Analyst: Andrew Didora maintained an Underperform rating for Royal Caribbean...
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BofA Believes United Airlines Holdings Has A Key Differentiator
Wednesday, October 20, 2021 - 4:13pm | 268While United Airlines Holdings Inc.’s (NASDAQ: UAL) guidance came in line with expectations, its cost commentary for 2022 is a key differentiator, according to BofA Securities. The United Airlines Holdings Analyst: Andrew Didora maintained an Underperform rating for United Airlines Holdings...
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Is It Time To Buy Cruise Stocks? Analyst Weighs In
Tuesday, October 5, 2021 - 11:25am | 491Cruise stocks Carnival Corp (NYSE: CCL), Royal Caribbean Cruises Ltd (NYSE: RCL) and Norwegian Cruise Line Holdings Ltd (NYSE: NCLH) have been top market performers in the past month as cruise ships have finally begun sailing once again following a prolonged pandemic shutdown. Unfortunately, Bank...
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Cruise Stocks In Limbo As Delta Variant Cancellations Derail Sales Recovery
Tuesday, September 14, 2021 - 5:37pm | 396Cruise stocks Carnival Corp (NYSE: CCL), Royal Caribbean Cruises Ltd (NYSE: RCL) and Norwegian Cruise Line Holdings Ltd (NYSE: NCLH) have finally resumed operations, but the latest numbers from Bank of America suggest the companies still have a long way to go to right the ship. The Numbers: On...
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Airline Stocks Up Following Strong Memorial Day Weekend Bookings
Tuesday, June 1, 2021 - 11:00am | 495Investors got their first litmus test for summer travel over the Memorial Day weekend, and the travel numbers are very encouraging for airline stock investors. What Happened? Bank of America analyst Andrew Didora said pent-up demand for leisure airline travel continued to ramp up heading into...