3.77k followers • 19 symbols Watchlist by Motif Investing
Companies returning cash to shareholders can win the favor of current and potential investors.
Texas Instruments Incorporated
General Mills, Inc.
Eaton Corporation plc
Delta Air Lines, Inc.
The Hartford Financial Services Group, Inc.
Brown & Brown, Inc.
C.H. Robinson Worldwide, Inc.
Franklin Resources, Inc.
Huntington Ingalls Industries, Inc.
The New York Times Company
Reliance Steel & Aluminum Co.
Spirit AeroSystems Holdings, Inc.
ABM Industries Incorporated
Cathay General Bancorp
Barnes Group Inc.
The S&P; 500 has a valuation above 22 times earnings and yields just 1.9%. These 3 stocks can top the index in both valuation and income Continue reading...
Over the short term, markets are likely to bounce in a range, but as long as new cases don’t significantly strain the health care system, and Americans don’t lose their nerve and return to hunkering down at home, Evercore ISI’s Dennis DeBusschere thinks markets could be in for a “sharp rebound.”
We know that hedge funds generate strong, risk-adjusted returns over the long run, which is why imitating the picks that they are collectively bullish on can be a profitable strategy for retail investors. With billions of dollars in assets, professional investors have to conduct complex analyses, spend many resources and use tools that are not […]
Boeing Co and suppliers set the final number of parts it would need for the 747 jumbo jet program at least a year ago, signaling the end for a plane that democratized global air travel in the 1970s but fell behind modern twin-engine aircraft, industry sources said on Friday. Boeing's "Queen of the Skies", the world's most easily recognized jetliner with its humped fuselage and four engines, marked its 50-year flying anniversary in February 2019, clinging to life thanks to a cargo market boom fueled by online shopping. The last order for a passenger version came in 2017, when the U.S. government asked Boeing to repurpose two 747-8 jetliners for use as Air Force One by the U.S. president.
Today we'll do a simple run through of a valuation method used to estimate the attractiveness of Barnes Group Inc...
American Airlines (AAL) has come under scrutiny for its decision not to block the middle seats on flights in the name of preventing coronavirus transmission — but many other airlines have taken this same stance. The carrier announced last week that starting Wed., July 1, it would resume booking flights to full capacity. Previously, the airline had said it would limit its flights to 85% capacity and block certain seats to ensure social distancing onboard its aircraft.
During a media roundtable Senate Committee hearing this week, the TSA laid out new policies and procedures to reduce the potential of infectious transmission.
Low air travel demand due to the COVID-19 pandemic dents Ryanair's (RYAAY) June Traffic. However, its July projection to carry more than 4.5 million passengers is a tailwind.
Delta Air Lines Inc said on Thursday it has amended its $2.65 billion credit facility agreement with covenants, which include restricting the U.S. airline's ability to pay dividends or repurchase stock before Sept. 30, 2021. The amended facility includes a $1.33 billion three-year facility, $1.25 billion of which has been extended for an additional year to April 2022, and a new $216 million standby letter of credit facility, which matures in April 2022. Last month, Delta Air Lines forecast a 90% plunge in second-quarter revenue and warned it would need to renegotiate its debt agreements to avoid a default next year.
Delta Air Lines (NYSE: DAL) has issued notices to 2,558 pilots warning of potential layoffs, Bloomberg reported on Thursday, a worrisome sign of what to expect from airlines this fall if passenger traffic does not return and the industry is forced to dramatically shrink its operations. Delta had hinted that it would soon send out furlough notices to pilots last week after it reached an agreement with its pilots' union on an early-retirement package. Airlines have been hit particularly hard by the COVID-19 pandemic; Delta has already warned that its second-quarter revenue will be down by as much as 90% year over year.
Delta Air Lines Inc. has amended its $2.65 billion revolving-credit line to extend it and turn into secured debt, it said in a filing Thursday. The newly amended instrument includes a $1.325 billion three-year facility, $1.25 billion of which Delta extended for one additional year to April 2022, a $1.325 billion five-year facility, which matures in April 2023, and a new $216 million standby letter of credit, which matures in April 2022. The amended revolving-credit facility, previously unsecured, is now secured by liens on certain routes and other related assets, with the option of pledging aircraft, among other assets, as additional collateral, the company said. Delta also amended an one-year term loan, and both the revolving-credit line and the term loan require Delta to have a minimum of $2 billion liquidity. Shares of Delta rose 0.6% in the extended session Thursday after ending the regular trading day up less than 0.1%.
We at Insider Monkey have gone over 821 13F filings that hedge funds and prominent investors are required to file by the SEC The 13F filings show the funds' and investors' portfolio positions as of March 31st, near the height of the coronavirus market crash. We are almost done with the second quarter. Investors decided […]
Delta (DAL) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Food maker General Mills, Inc. (NYSE: GIS) CEO Jeff Harmening was on the receiving end of praise from CNBC's Jim Cramer after the company's earnings report showed it held or gained market share across key categories in the U.S. and accelerated organic sales -- all without experiencing any supply chain disruptions.Continuation Of Momentum: General Mills reported fiscal fourth quarter and full-year results Wednesday, and the company's momentum can be traced back prior to the start of the COVID-19 pandemic, Harmening told Cramer Wednesday evening on "Mad Money.In the fourth quarter, General Mills' business accelerated globally, the CEO said. In Europe, it held or gained ground in market share in every category, he said. "It was a really good quarter built on the back of three good quarters before that."Underappreciated Balance Sheet: General Mills set out a target of achieving a net debt to EBITDA ratio of 3.5 times by the end 2020, and the company outperformed by lowering net debt to EBITDA to 3.2 times, Harmening said.This brings the company much closer to returning to normalizing capital allocation and when the ratio drops to three times, the company will prioritize a dividend increase, he said. "Yes, our earnings were good but our cash flow was even better than our earnings and we are really proud of that."View more earnings on GISBlue Buffalo Update: General Mills' 2018 acquisition of pet food company Blue Buffalo is "everything we thought it to be," Harmening said.The division has now shown double-digit growth two straight years, highlighted by 18% organic sales growth in the most recent year.The momentum can be attributed to "people treating their pets like family," and General Mills has expertise in providing food to families for 150 years, Harmening said.GIS Price Action: General Mills shares were up 1.97% at $61.61 at the time of publication. Related Links:Consumers Demand More Savings As Food Prices SkyrocketJim Cramer Recommends Buying Albertsons IPO Below See more from Benzinga * BofA Cuts Macau Estimates After 97% Year-Over-Year Drop In Gross Gaming Revenue * Uber's Ex-Chief Business Officer Isn't A Fan Of Reported Postmates Deal * Papa John's Deserves An Expanding Multiple, Wedbush Says In Bullish Initiation(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
The company had outsized expectations for the fourth quarter due to the Covid-19 pandemic and largely topped all of them Continue reading...
The Zacks Analyst Blog Highlights: Delta Air Lines, American Airlines, United Airlines, Azul and Hawaiian Holdings
The U.S. Treasury said Thursday it has finalized loan terms with five airlines, part of the nearly $50 billion in assistance offered to the industry as part of the CARES Act stimulus plan. Treasury has reached deals with American Airlines Group (NASDAQ: AAL), Spirit Airlines (NYSE: SAVE), Hawaiian Holdings (NASDAQ: HA), SkyWest (NASDAQ: SKYW), and Frontier Airlines. Other carriers including Delta Air Lines have said they could eventually participate in the program, but American in particular has been vocal for months, saying it intends to tap the government for funding.
In the current session, General Mills Inc. (NYSE: GIS) is trading at $61.67, after a 2.04% spike. Over the past month, the stock increased by 1.50%, and in the past year, by 13.82%. With performance like this, long-term shareholders optimistic but others are more likely to look into the price-to-earnings ratio to see if the stock might be overvalued.Assuming that all other factors are held constant, this could present itself as an opportunity for shareholders trying to capitalize on the higher share price. The stock is currently below from its 52 week high by 4.11%.The P/E ratio is used by long-term shareholders to assess the company's market performance against aggregate market data, historical earnings, and the industry at large. A lower P/E indicates that shareholders do not expect the stock to perform better in the future, and that the company is probably undervalued. It shows that shareholders are less than willing to pay a high share price, because they do not expect the company to exhibit growth, in terms of future earnings.Depending on the particular phase of a business cycle, some industries will perform better than others.General Mills Inc. has a lower P/E than the aggregate P/E of 25.23 of the Packaged Foods industry. Ideally, one might believe that they might perform worse than its peers, but it's also probable that the stock is undervalued.P/E ratio is not always a great indicator of the company's performance. Depending on the earnings makeup of a company, investors may not be able to attain key insights from trailing earnings.See more from Benzinga * Afternoon Market Stats in 5 Minutes * Morning Market Stats in 5 Minutes * Recap: General Mills Q4 Earnings(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Top Ranked Value Stocks to Buy for July 2nd
Over the past five trading sessions, the defense biggies put up a mixed show with Boeing and Lockheed Martin losing but Northrop and Textron recording gains.
Wall Street was set to open higher on Thursday as data showed the U.S. economy added jobs at a record pace in June, the latest signal of a rebound in business activity following the easing of coronavirus-led lockdowns. Nonfarm payrolls rose by 4.8 million jobs in June, the Labor Department's closely watched monthly employment data showed, the most since the government began keeping records in 1939, although a recent surge in COVID-19 cases has threatened the fledgling recovery. Optimism about a post-pandemic rebound in business activity, aggressive U.S. stimulus and hopes of a COVID-19 vaccine have fueled a Wall Street rally since April, with the Nasdaq notching up its sixth record closing high since early June on Wednesday.
Earlier this year, the CARES Act helped avert a tidal wave of layoffs and furloughs in the U.S. airline industry. In return for a total of $25 billion in grants to major passenger airlines (roughly 30% of which must be paid back), airlines had to agree not to implement any involuntary layoffs or furloughs before Oct. 1. For Delta Air Lines (NYSE: DAL), that could entail furloughing more than 2,500 pilots.