Alaska Air(ALK)

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Why Alaska Air Group (ALK) is a Top Value Stock for the Long-Term
Zacks Investment Research· 2024-05-14 14:46
Taking full advantage of the stock market and investing with confidence are common goals for new and old investors, and Zacks Premium offers many different ways to do both.Featuring daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, the research service can help you become a smarter, more self-assured investor.Zacks Premium also includes the Zacks Style Scores.What are the Zacks Style Scores?The Zacks Style Scor ...
Is Alaska Air Group (ALK) Stock Undervalued Right Now?
Zacks Investment Research· 2024-05-14 14:46
Here at Zacks, we focus on our proven ranking system, which places an emphasis on earnings estimates and estimate revisions, to find winning stocks. But we also understand that investors develop their own strategies, so we are constantly looking at the latest trends in value, growth, and momentum to find strong companies for our readers.Of these, perhaps no stock market trend is more popular than value investing, which is a strategy that has proven to be successful in all sorts of market environments. Value ...
Surging Earnings Estimates Signal Upside for Alaska Air (ALK) Stock
Zacks Investment Research· 2024-05-13 17:20
Alaska Air Group (ALK) appears an attractive pick given a noticeable improvement in the company's earnings outlook. The stock has been a strong performer lately, and the momentum might continue with analysts still raising their earnings estimates for the company.The upward trend in estimate revisions for this airline reflects growing optimism of analysts on its earnings prospects, which should get reflected in its stock price. After all, empirical research shows a strong correlation between trends in earnin ...
3 Transportation Stocks Worth Buying Following Guidance Raise
Zacks Investment Research· 2024-05-13 15:26
The first-quarter 2024 earnings season is in its final lap as far as transportation stocks are concerned. It is a well-documented fact that stocks belonging to the Zacks Transportation sector have been hit by multiple headwinds like high fuel and labor costs, weak freight demand and fleet-related woes (for the airline players in the sector). Due to these headwinds, the S&P 500 members from the transportation space (all of whom have reported) saw a 6.1% year-over-year decline in first-quarter 2024 earnings p ...
Are Transportation Stocks Lagging Alaska Air Group (ALK) This Year?
Zacks Investment Research· 2024-05-13 14:46
The Transportation group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Has Alaska Air Group (ALK) been one of those stocks this year? Let's take a closer look at the stock's year-to-date performance to find out.Alaska Air Group is one of 132 individual stocks in the Transportation sector. Collectively, these companies sit at #15 in the Zacks Sector Rank. The Zacks Sector Rank includes 16 different groups and is listed in order from best ...
4 Sector ETFs & Stocks Likely to Benefit Despite Soft Jobs Data
Zacks Investment Research· 2024-05-06 18:01
The U.S. economy added 175,000 jobs in April, well below Wall Street expectations of 240,000, strengthening bets that the Federal Reserve will be able to cut interest rates in the coming months. Health care and social assistance led the way with a gain of 87,000 jobs.The unemployment rate ticked higher to 3.9% against expectations it would hold steady at 3.8%. Average hourly earnings rose 0.2% sequentially and 3.9% year over year, both below consensus estimates. The jobless rate tied for the highest level s ...
Play Likely Earnings Beat With These 5 Top-Ranked Stocks
Zacks Investment Research· 2024-05-06 12:56
It is not surprising that before an earnings season, every investor looks for stocks that can beat market expectations. This is because investors always try to position themselves ahead of time and look to tap stocks that are of high quality.In this regard, we ran a screener that yielded Amazon.com (AMZN) , NVIDIA (NVDA) , Zscaler (ZS) , Alaska Air Group (ALK) and DocuSign (DOCU) as the likely winners on the earnings beat potential.Why Is a Positive Earnings Surprise So Important?Historically, stocks of com ...
Alaska Air(ALK) - 2024 Q1 - Quarterly Report
2024-05-03 00:00
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 1-8957 ALASKA AIR GROUP, INC. Delaware 91-1292054 (State of Incorporation) (I.R.S. Employer Identification No.) 19300 International Boulevard, Se ...
3 Airline Stocks to Watch From a Promising Industry
Zacks Investment Research· 2024-04-30 15:31
The Zacks Transportation - Airline industry is being driven by upbeat air travel demand. Moreover, efforts to reward shareholders by the industry players indicate financial strength.However, high labor and fuel costs represent major headwinds. Moreover, production delays at Boeing (BA) are hurting the fleet-related plans of airlines in the United States.Despite the headwinds, we believe that investors interested in the industry would do well to keep stocks like United Airlines (UAL) , Alaska Air Group (ALK) ...
Does Alaska Air (ALK) Have the Potential to Rally 26.43% as Wall Street Analysts Expect?
Zacks Investment Research· 2024-04-29 14:56
Alaska Air Group (ALK) closed the last trading session at $43.96, gaining 2.3% over the past four weeks, but there could be plenty of upside left in the stock if short-term price targets set by Wall Street analysts are any guide. The mean price target of $55.58 indicates a 26.4% upside potential.The average comprises 12 short-term price targets ranging from a low of $42 to a high of $75, with a standard deviation of $9.20. While the lowest estimate indicates a decline of 4.5% from the current price level, t ...