Core Viewpoint - Southwest Airlines has been upgraded to Overweight from Neutral by JPMorgan, with a new price target set at $60, significantly higher than the previous target of $36, leading to a 4% increase in shares intraday following the rating change [1] Group 1: Earnings Guidance - There is a meaningful probability that Southwest could issue earnings guidance of $5 per share, which would exceed the current 2026 consensus estimate of $2.98 and all existing individual forecasts [2] - JPMorgan noted that the market may initially be skeptical of such guidance due to Southwest's uneven track record, which has influenced the airline's decision to adopt a more streamlined EPS-based guidance framework [2] Group 2: Stock Valuation - Acceptance of guidance below $5, along with unchanged valuation assumptions, could still push the stock above $50 in the near term, paving the way for a potential valuation of $60 [3] - JPMorgan's analysis led to a double upgrade of the stock to Overweight and the establishment of a new Street-high price target of $60 for December 2026 [3] Group 3: Positive Catalyst Watch - JPMorgan placed Southwest on Positive Catalyst Watch ahead of the upcoming earnings report and 2026 guidance update scheduled for January 29, indicating that the updated financial model supports the revised outlook [4]

Key Takeaways Steel Dynamics forecast Q4 EPS of $1.65-$1.69, above Q4 2024 but well below Q3 2025 levels.STLD cites lower realized steel prices, seasonal demand and mill outages curtailing 140k-150k tons.Steel Dynamics notes steady orders, backlog into Q2 2026, and $200M in Q4 buybacks. Steel Dynamics, Inc. (STLD) has announced earnings guidance for the fourth quarter of 2025 in the range of $1.65 to $1.69 per share. This view implies an increase from $1.36 reported in the fourth quarter of 2024. Still, it  ...

Core Insights - Alaska Air Group, Inc. (ALK) has issued disappointing fourth-quarter 2025 guidance due to various operational challenges, including outages, shutdown-related losses, and increased fuel costs [1][3][22] Financial Performance - The company anticipates fourth-quarter adjusted earnings per share (EPS) to be around 10 cents, a significant drop from the previous estimate of 40 cents [4][9] - The Zacks Consensus Estimate for fourth-quarter EPS is currently at 28 cents [4] - Unit revenues are expected to increase by 1%, down from prior expectations of low single-digit growth year-over-year [5] - Capacity is projected to rise by 2%, slightly lower than the previous guidance of 2%-3% year-over-year [5] - Consolidated operating costs per available seat mile (excluding fuel and special items) are now expected to increase by 3%, compared to earlier expectations of low single-digit growth [6] Operational Challenges - The internal IT outage and cloud service provider issues are estimated to impact earnings by 25 cents per share [3] - The government shutdown has resulted in lost revenue, contributing an estimated 15 cents per share impact, along with higher fuel costs also contributing 15 cents [3][7] - The shutdown led to nearly 600 flight cancellations, affecting around 40,000 guests [7] Market Sentiment - The negative sentiment surrounding ALK stock is reflected in downward revisions of earnings estimates for the fourth quarter of 2025 and full-year 2025 and 2026 [8] - The stock has seen a decline in earnings estimates over the past 60 days, with a notable drop of 68.89% for the current quarter [10] Valuation Perspective - ALK is currently trading at a discount compared to the industry, with a forward 12-month price-to-sales ratio of 0.38X, lower than the industry average of 0.54X [19] - The stock's valuation is considered attractive, supported by a Value Score of A [19] Conclusion - The combination of operational challenges and negative earnings revisions suggests that the negatives surrounding Alaska Air stock outweigh its modernization efforts and attractive valuation, leading to a cautious outlook for investors [22][23]

Financial Performance - Caleres, Inc. has re-initiated its earnings and adjusted earnings guidance for the full-year 2025, projecting figures well below analysts' estimates [1] - For fiscal 2025, the company expects a loss per share in the range of $0.13 to $0.18 and adjusted earnings between $0.55 to $0.60 per share, which includes a dilution of $0.60 to $0.65 from the acquisition of Stuart Weitzman [3] Analyst Expectations - Analysts had anticipated earnings of $1.73 per share for the year, with net sales growth of 0.73% to $2.74 billion [3] - For the fourth quarter, the company expects a loss per share on both reported and adjusted bases, while analysts expect earnings of $0.27 per share for the quarter [2] Market Conditions - The company indicated that it expects continued tariff pressure on gross margin and earnings dilution due to the recent acquisition [1]

Core Insights - MongoDB Inc. is a leading player in the database software industry, known for its innovative cloud-based solutions and flexible, scalable database offerings [1] - Oppenheimer maintains an "Outperform" rating for MongoDB, raising its price target from $385 to $450, indicating strong belief in the company's growth potential [2] - The recent earnings report led to an upward revision of full-year earnings guidance by over $1 per share, boosting investor confidence and prompting analysts to adjust price targets upward [3] Financial Performance - MongoDB's stock price is currently at $328.87, reflecting a slight decrease of 1.05% or $3.50 [3] - The stock has shown volatility, with a daily trading range between $321.26 and $335.92, and over the past year, it has reached a high of $385.44 and a low of $140.78 [4] - The company's market capitalization is approximately $26.76 billion, indicating its significant size and influence in the industry [4][6] Market Activity - MongoDB has a trading volume of 3,258,095 shares on the NASDAQ exchange, highlighting its status as an actively traded stock [5] - The ability to raise earnings guidance and subsequent analyst upgrades underscore MongoDB's strong market position and potential for future growth [5][6]

Analysts raised their price targets after the company raised its full-year earnings guidance by more than $1 a share. ...

Core Insights - Best Buy raised its guidance for the current fiscal year due to strong demand for the latest consumer technology, which led to revenue and profit exceeding Wall Street's estimates in the most recent period [1] Financial Performance - The company's revenue and profit surpassed Wall Street's expectations, indicating robust performance in the consumer technology sector [1]

Core Insights - Amer Sports, Inc. reported stronger-than-expected third-quarter results, driven by strong performance in outdoor brands and effective cost management [1] - The company raised its 2025 GAAP earnings guidance to a range of 88 to 92 cents per share, exceeding analyst expectations [2] - Despite positive results, there are concerns regarding brand challenges in China and a cautious outlook for future performance [1][5] Financial Performance - The third-quarter adjusted earnings per share were 33 cents, surpassing the analyst consensus estimate of 25 cents [1] - Revenue exceeded forecasts, particularly in the Outdoor Performance segment, with notable contributions from the Salomon brand [3] - Comparable sales for the Arc'teryx brand increased by approximately 27% [3] Guidance and Outlook - The company raised its full-year 2025 revenue growth and EPS guidance, with initial 2026 revenue expectations positioned at the high end of long-term growth targets [4] - Analyst Brooke Roach noted that the fourth-quarter sales and EPS guidance appears modestly below current consensus [5] - Commentary during the upcoming conference call is expected to be critical for stock direction, especially regarding trends for Arc'teryx and performance in China [6] Market Reaction - Following the announcement, Amer Sports shares increased by 7.93%, reaching $33.19 [6]

Core Insights - Monday.com Ltd. shares dropped over 15% in intra-day trading due to fourth-quarter guidance falling below expectations, despite a strong third-quarter earnings report [1][2] Group 1: Third-Quarter Performance - The company reported third-quarter earnings of $1.16 per share, exceeding forecasts of $0.88 [1] - Revenue for the third quarter reached $316.9 million, surpassing the consensus estimate of $312.3 million [1] - Non-GAAP operating income was $47.5 million, resulting in a 15% operating margin [1] Group 2: Fourth-Quarter Guidance - For the fourth quarter, Monday.com projected revenue between $328 million and $330 million, which is below Wall Street expectations of $333.8 million [2] - The company forecasted non-GAAP operating income of $36 million to $38 million, indicating an 11%–12% margin [2] Group 3: Full-Year 2025 Outlook - Management reiterated revenue guidance for the full year 2025 at $1.23 billion, aligning with analyst consensus [3] - Non-GAAP operating income is expected to be between $167 million and $169 million, with a margin near 14% [3] - Adjusted free cash flow is projected at $330 million to $334 million, representing a 27% margin [3]

Core Viewpoint - Linde plc has underperformed the broader market despite reporting better-than-expected earnings, leading to a reduction in its full-year earnings guidance, which has negatively impacted investor sentiment [2][4][5]. Company Overview - Linde plc, based in Woking, UK, operates as a specialty chemical company, offering various atmospheric gases and processing oxygen, nitrogen, argon, carbon dioxide, and acetylene, with a market cap of $196.4 billion [1]. Stock Performance - Linde's stock has seen a marginal increase of 44 basis points year-to-date but has declined by 9.7% over the past 52 weeks, contrasting with the S&P 500 Index's gains of 14.4% in 2025 and 12.7% over the past year [2]. - The stock has also underperformed the Materials Select Sector SPDR Fund's (XLB) 2% uptick in 2025, although it marginally outperformed XLB's 10% decline over the past 52 weeks [3]. Q3 Results - Following the release of Q3 results on October 31, Linde's stock dropped by 2.7%. The company's sales in the Americas grew by 6%, while EMEA sales increased by 3%, leading to a 3.1% year-over-year increase in topline revenue to $8.6 billion, surpassing expectations by 17 basis points [4]. - Adjusted EPS rose by 6.9% year-over-year to $4.21, exceeding consensus estimates by 72 basis points [4]. Earnings Guidance - Despite the positive earnings report, Linde reduced the high-end of its full-year earnings guidance, which was not well-received by investors. Analysts expect an adjusted EPS of $16.43 for the full fiscal 2025, reflecting a 5.9% year-over-year increase [5]. Analyst Ratings - Among 27 analysts covering Linde, the consensus rating is a "Strong Buy," consisting of 19 "Strong Buys," two "Moderate Buys," and six "Holds" [6]. - This rating configuration shows a slight improvement from a month ago, when only 18 analysts recommended "Strong Buy" [6]. - RBC Capital analyst Arun Viswanathan reiterated an "Outperform" rating on November 6 but lowered the price target from $576 to $540 [7].