Alaska Air(ALK)
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Here's Why Alaska Air Group (ALK) is a Strong Momentum Stock
ZACKS· 2024-09-23 14:51
Core Insights - Zacks Premium offers various tools to help investors make informed decisions and enhance their confidence in the stock market [1] Zacks Style Scores - Zacks Style Scores are indicators designed to assist investors in selecting stocks likely to outperform the market within 30 days, rated from A to F based on value, growth, and momentum characteristics [2] - The Value Score identifies attractive and discounted stocks using ratios like P/E, PEG, and Price/Sales [2] - The Growth Score focuses on a company's financial strength and future outlook, analyzing projected and historical earnings, sales, and cash flow [3] - The Momentum Score helps investors capitalize on price trends by evaluating one-week price changes and monthly earnings estimate changes [3] - The VGM Score combines the three Style Scores to identify stocks with the best value, growth potential, and momentum [4] Zacks Rank and Style Scores Interaction - The Zacks Rank is a proprietary model that leverages earnings estimate revisions to guide investors in building successful portfolios, with 1 (Strong Buy) stocks achieving an average annual return of +25.41% since 1988, significantly outperforming the S&P 500 [5] - Investors are encouraged to select stocks with a Zacks Rank of 1 or 2 and Style Scores of A or B for optimal success [6] - Stocks with lower ranks but high Style Scores may still face downward earnings forecasts, increasing the risk of price declines [6] Company Spotlight: Alaska Air Group - Alaska Air Group operates two airlines, Alaska and Horizon, serving over 120 cities across North America [7] - Currently rated 3 (Hold) by Zacks, Alaska Air Group has a VGM Score of A and a Momentum Style Score of B, with shares increasing by 12% over the past four weeks [7] - The Zacks Consensus Estimate for fiscal 2024 has risen by $0.44 to $4.62 per share, supported by five analysts revising their earnings estimates upwards in the last 60 days, and the company has an average earnings surprise of 21.9% [7]
Alaska Airlines grounds flights at Seattle briefly due to tech outage
TechXplore· 2024-09-23 08:31
This article has been reviewed according to Science X's editorial process and policies . Editors have highlighted the following attributes while ensuring the content's credibility: Credit: Unsplash/CC0 Public Domain Alaska Airlines said it grounded its flights in Seattle briefly on Sunday night due to "significant disruptions" from an unspecified technology problem that was resolved by about 10 p.m. local time. In comments from its account on X to customers complaining of delays and problems with the air ...
Alaska Air Group announces Investor Day in December
Prnewswire· 2024-09-20 15:13
Following the acquisition of Hawaiian Airlines, the combined organization will shed light on future plansSEATTLE, Sept. 20, 2024 /PRNewswire/ -- Alaska Air Group, Inc. will hold an Investor Day presentation in New York City on Tuesday, Dec. 10, 2024. The event will feature presentations and a question-and-answer session with members of the Alaska Airlines executive leadership team. The company looks forward to sharing more information about its business plan and shared future with Hawaiian Airlines – includ ...
The World Opens To Alaska Airlines With Its Merger Approval
Seeking Alpha· 2024-09-19 16:01
Alaska Airlines, a subsidiary of Alaska Air Group, Inc. (NYSE: ALK ), completed its purchase of Hawaiian Airlines (delisted) on July 18, 2024. While the U.S. Dept. of Justice recently objected to two previous airline transactions, both involving JetBlue Airways Corporation (Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own ...
Alaska Air Gains 18.2% in a Month: What Should Investors Do Now?
ZACKS· 2024-09-17 17:50
Shares of Seattle, WA-based airline heavyweight Alaska Air Group (ALK) have had a good time on the bourses of late, improving in double-digits over the past 30 days. The encouraging price performance resulted in ALK outperforming its industry in the said time frame. Moreover, ALK’s price performance compares favorably with that of fellow U.S. airline operators Southwest Airlines Co. (LUV) ) and Delta Air Lines (DAL) in the same time frame.One-Month Price Comparison Image Source: Zacks Investment ResearchCur ...
Is the Options Market Predicting a Spike in Alaska Air (ALK) Stock?
ZACKS· 2024-09-17 13:31
Investors in Alaska Air Group, Inc. (ALK) need to pay close attention to the stock based on moves in the options market lately. That is because the Jan 17, 2025 $20 Call had some of the highest implied volatility of all equity options today.What is Implied Volatility?Implied volatility shows how much movement the market is expecting in the future. Options with high levels of implied volatility suggest that investors in the underlying stocks are expecting a big move in one direction or the other. It could al ...
Will Alaska Air Stock Rebound To $70?
Forbes· 2024-09-13 09:00
LOS ANGELES, CALIFORNIA - SEPTEMBER 1: An Alaska Airlines Boeing 737 MAX 9 taxis at Los Angeles ... [+] International Airport after arriving from Seattle with a JetBlue Airways Airbus in the background on September 1, 2024 in Los Angeles, California. (Photo by Kevin Carter/Getty Images)Getty ImagesAlaska Air stock (NYSE: ALK) currently trades around $40 per share, roughly 45% below its pre-inflation shock highs of around $74 seen in April 2021. ALK has fared slightly better than its peer – Southwest Airline ...
Alaska Air Shares Gain on Bullish Third-Quarter EPS View
ZACKS· 2024-09-12 18:06
Shares of Alaska Air Group, Inc. (ALK) have improved in pre-market trading on Sept. 12, 2024. The upside was owing to the improved third-quarter 2024 guidance revealed by the company.ALK raises its third-quarter 2024 adjusted earnings per share guidance to the range of $2.15-$2.25 from the previously guided range of $1.40 to $1.60. Improved revenue and fuel cost outlook have led to the encouraging earnings per share (EPS) forecast.Alaska Air has witnessed upbeat air travel demand during the summer season, ...
Alaska Air Group (ALK) Flat As Market Gains: What You Should Know
ZACKS· 2024-09-10 23:00
Alaska Air Group (ALK) closed the latest trading day at $39.80, indicating no change from the previous session's end. This change lagged the S&P 500's 0.45% gain on the day. Meanwhile, the Dow lost 0.23%, and the Nasdaq, a tech-heavy index, added 0.84%.The airline's stock has climbed by 15.06% in the past month, exceeding the Transportation sector's gain of 2.83% and the S&P 500's gain of 2.54%.Investors will be eagerly watching for the performance of Alaska Air Group in its upcoming earnings disclosure. Th ...
Alaska Air Stock Plunges 12% in 3 Months: Should You Buy the Dip?
ZACKS· 2024-08-28 17:01
Shares of Seattle, WA-based airline heavyweight Alaska Air Group, Inc. (ALK) have not had a good time on the bourses of late, declining in double-digits over the past 90 days. The disappointing price performance resulted in ALK underperforming its industry in the said time frame as well as the S&P 500, of which the airline is a key member. However, ALK’s price performance compares favorably with that of fellow U.S. airline operators United Airlines (UAL) and Delta Air Lines (DAL) in the same time frame.Thre ...