President Donald Trump's administration bailed out American Airlines (NASDAQ:AAL), but it can't make people fly. It also can't single-handedly save AAL stock.Source: GagliardiPhotography / Shutterstock.com A $5.8 billion check from the government keeps the company out of bankruptcy. Another $4.8 billion loan may come soon.This gets American Airlines through the worst of the novel coronavirus pandemic. It means the company is back to flying.InvestorPlace - Stock Market News, Stock Advice & Trading TipsBut that doesn't make AAL stock worth buying. The New Normal for AAL StockIn its earnings report for the March quarter, American reported a loss of $2.2 billion. This was cut in half through non-cash write-downs of aircraft which were taken out of service, and special deals with its unions. The airline said it ended the quarter with $6.8 billion of liquidity and that government aid means it will end June with $11 billion. * 9 Healthcare Stocks to...
In 2020, investing in the travel sector in general and cruise companies in particular has produced losses for shareholders. Today I'm evaluating Carnival (NYSE:CCL) stock. Year-to-date, CCL stock is down an eye-popping 73%.Source: Ruth Peterkin / Shutterstock.com InvestorPlace - Stock Market News, Stock Advice & Trading TipsCarnival's shares are dual-listed both in the U.S. and the U.K. In fact, it is the only company in the world to be included in both the S&P 500 index in the US and the FTSE 100 index in the UK. As we start a new month when several U.S. states and countries around the world are discussing how to get back to business without compromising the health of the public, some investors are wondering what may be next for CCL stock price. At this point, I do not believe that the valuation of cruise operators like Carnival is attractive yet. As a result, it...
Mattel announced the launch of #ThankYouHeroes, a special edition line of collectible action figures and Little People Community Champions that honors the individuals leading the fight against COVID-19, including delivery truck drivers. ...
As some U.S. airlines play politics, telling investors and travelers they have no plans to furlough employees, or close hubs, United Airlines executives are telling the unvarnished truth, saying they're prepared to do whatever it takes to keep the company operating amid near zero demand for air travel. "While we don't have any plans to […]...
For many investors' this week, it's is all about the earnings reports from a pair of technology heavyweights. But at the outset of a new trading month, May's best tech stocks to buy and short have little to do with the headlines and a lot to do with durable big picture opportunities, both off and on the price charts.Depending on where one's attention is during this first trading session of May, the broader markets are sending up a mayday signal (pun intended). Trade tensions between the US and China tied to novel coronavirus squabbling certainly haven't helped investors. But much of the blame lands squarely on the shoulders of Apple (NASDAQ:AAPL) and Amazon (NASDAQ:AMZN) following "mixed" and "disappointing" quarterly results.Apple is off 0.5% as investors focus on slower revenue growth and the company's decision to suspend guidance for the June quarter due to Covid-19 related uncertainty. That said, overnight losses have...
