DaveAlan Alaska Air Group ( ALK ) Chief Financial Officer Shane Tackett indicated over the weekend that the carrier is hopeful it can reinstate its financial guidance on its Q2 earnings conference call if fuel prices show more stability. Following the Iran-Iraq hostilities and spike in oil prices, the volatility in jet fuel costs forced Alaska Air ( ALK ) to pull its full-year outlook. Tackett not...
DaveAlan Alaska Air Group ( ALK ) Chief Financial Officer Shane Tackett indicated over the weekend that the carrier is hopeful it can reinstate its financial guidance on its Q2 earnings conference call if fuel prices show more stability. Following the Iran-Iraq hostilities and spike in oil prices, the volatility in jet fuel costs forced Alaska Air ( ALK ) to pull its full-year outlook. Tackett noted that the fuel markets had become less volatile over the last few weeks, although prices were still swinging enough every few days that the airline company does not yet have the confidence to formalize its outlook. "We want to see a little bit more stability in the backdrop," stated Tackett to Reuters on the sidelines of the International Air Transport Association's annual meeting in Rio de Janeiro. Alaska Air Group ( ALK ) stopped buying new crude oil call options in Q4 of 2024, marking the suspension of its oil hedging program. Shares of Alaska Air ( ALK ) are down more than 14% on a year-to-date basis. More on Alaska Air Alaska Air Group, Inc. (ALK) Presents at TD Cowen 10th Annual Future of the Consumer Conference Transcript Challenges Surge For Alaska Airlines Alaska Air Group, Inc. (ALK) Q1 2026 Earnings Call Transcript These 10 mid-cap U.S. stocks carry the market's most attractive valuations These 10 mid-cap U.S. Industrial stocks trading at attractive valuations
Israel’s shekel has swung from the world’s best performer to the worst in a matter of days, easing pressure on the central bank to stem a 14-month rally that’s hurting the country’s exporters. The shekel has slumped 4% against the dollar this month, the worst performance out of more than 140 global currencies monitored by Bloomberg. In the preceding two months, it had led global gains, appreciatin...
Israel’s shekel has swung from the world’s best performer to the worst in a matter of days, easing pressure on the central bank to stem a 14-month rally that’s hurting the country’s exporters. The shekel has slumped 4% against the dollar this month, the worst performance out of more than 140 global currencies monitored by Bloomberg. In the preceding two months, it had led global gains, appreciating almost 12% to a three-decade high. That prompted the Bank of Israel to buy dollars in foreign-exchange markets for the first time in five years while signaling that more monetary easing may be in store. Finance Minister Bezalel Smotrich and Israel’s technology companies, which have mostly dollar revenues but pay costs in the local currency, have been calling on the central bank to take measures to weaken the shekel. Pressure on the Bank of Israel increased after a quarter-point interest-rate cut on May 25 failed to dent the rally. “An ongoing depreciation of the shekel may reduce the pressure for a further interest rate cut, or for additional foreign currency purchases by the Bank of Israel,” said Ronen Menachem, the chief markets economist at Mizrahi Tefahot Bank. The shekel’s recent decline came after the central bank hinted at more monetary easing, while also noting that it purchased $810 million in May to maintain the “orderly functioning of the markets.” The central bank had not purchased US dollars in the market since 2021, when it bought an unprecedented $35 billion as the shekel strengthened rapidly during the Covid pandemic. Despite the purchases last month, the shekel continued to strengthen, hitting a high of 2.80 per dollar on May 29 before retreating in June. “Based on the accelerated depreciation of the shekel in early June, the Bank of Israel might have continued its foreign exchange purchases this month,” said Leader Capital Markets’ chief economist Jonathan Katz. The shekel extended declines in early trading Monday after Israel and Iran exchanged fire for...
Government urged to help speed up vital industrial project amid growing alarm over National Grid delays Trade unions have called for the government to intervene to speed up Tata Steel’s connection to the electricity grid in south Wales, after the company said its new furnace would be delayed by up to a year. Tata Steel last month told investors that National Grid had said it would face a six- to e...
Government urged to help speed up vital industrial project amid growing alarm over National Grid delays Trade unions have called for the government to intervene to speed up Tata Steel’s connection to the electricity grid in south Wales, after the company said its new furnace would be delayed by up to a year. Tata Steel last month told investors that National Grid had said it would face a six- to eight-month delay. That could stretch to 12 months amid unexpected engineering difficulties. Continue reading...
Investing.com -- Shares of Cerebras Systems (NASDAQ: CBRS) jumped 4% on Monday, driven by a massive wave of bullish sentiment from Wall Street. As the company’s post-IPO quiet period officially expired, nine major brokerages initiated coverage on the AI chipmaker—all issuing the equivalent of a "Buy" rating. Analysts across the board are hailing Cerebras as the most formidable and uniquely positio...
Investing.com -- Shares of Cerebras Systems (NASDAQ: CBRS) jumped 4% on Monday, driven by a massive wave of bullish sentiment from Wall Street. As the company’s post-IPO quiet period officially expired, nine major brokerages initiated coverage on the AI chipmaker—all issuing the equivalent of a "Buy" rating. Analysts across the board are hailing Cerebras as the most formidable and uniquely positioned challenger to NVIDIA’s market dominance, pointing to its radical "wafer-scale" architecture and
Nenov/iStock via Getty Images By Mike Larson Sometimes the markets are complicated. Other times, they’re simple. Today, I’m going to share the one chart that explains why “everything” tanked on Friday. Here’s my MoneyShow Chart of the Day. It shows what interest rate futures markets have been pricing in for the likely level of the federal funds rate as of the Federal Reserve’s September meeting. M...
Nenov/iStock via Getty Images By Mike Larson Sometimes the markets are complicated. Other times, they’re simple. Today, I’m going to share the one chart that explains why “everything” tanked on Friday. Here’s my MoneyShow Chart of the Day. It shows what interest rate futures markets have been pricing in for the likely level of the federal funds rate as of the Federal Reserve’s September meeting. Markets Aren’t Sure the Fed Will Stand Pat in September Any More! (Source: CME FedWatch) The lightest blue bar in the middle? It shows the probability - as of a month ago - that rates would stay at the current 3.5-3.75% range when the Fed wraps its meeting up on September 16. You can see markets assigned that outcome an 86.6% chance in early May. The darkest blue bar to its left? That shows the probability as of Friday. It was down to 58.9%. In other words, the much stronger-than-expected May jobs data shook things up big-time. After creeping up for several days, the chance of an actual Fed hike spiked at the end of last week. If there’s one thing Wall Street hates, it’s when money gets more expensive! Growth stocks typically get hit particularly hard in a rising-rate scenario. So, it’s no surprise the nascent rotation out of growth and tech stocks really accelerated to close out last week. In other markets, the Treasury yield curve flattened notably, the US dollar ripped higher, and gold and silver plunged. That’s a textbook reaction to expectations of tighter Fed policy. Don’t ignore it. Adapt. If you’re radically overweight tech, now is the time to get more exposure to other sectors. It’s what I’ve been preaching at recent MoneyShow events, and I still think it’s a good plan today! Editor's Note: The summary bullets for this article were chosen by Seeking Alpha editors. Originally published on MoneyShow.com
Poll Finds Strong Support For Larger Families Despite Falling US Birth Rates Authored by Savannah Hulsey Pointer via The Epoch Times , Most respondents said having children is important to a fulfilling life, while citing faith, family values, and economic stability as key factors. The question of the declining birth rate in the United States has been weighing on many, including economists and thos...
Poll Finds Strong Support For Larger Families Despite Falling US Birth Rates Authored by Savannah Hulsey Pointer via The Epoch Times , Most respondents said having children is important to a fulfilling life, while citing faith, family values, and economic stability as key factors. The question of the declining birth rate in the United States has been weighing on many, including economists and those in the religious sector. As more Americans reach the age of qualification for Social Security, the question of how to meet that demand alone has caused some to question what the future holds if American birthrates continue their current downward trajectory. The current American fertility rate is roughly 1.6 children per woman. A poll of Epoch Times readers found most believe that children are important, and also that the nation should look for ways to support family growth. Importance Of Family With a national average of less than two children per woman, readers were asked how they feel about family size. A large majority of those polled, 87 percent, believe that having children is important to having a fulfilling life. To add to that, 71 percent are concerned about the declining birth rates in developed countries across the world, but 63 percent agree that the belief that future generations will be worse off discourages people from having children. When asked about the ideal number of children for a family, 35 percent of respondents said three children, 33 percent said four or more children, and 31 percent said two children. When readers were asked how many children they either have, or ideally would like to have, 35 percent of respondents said four or more children. Another 29 percent selected two children, and 27 percent selected three. Five percent said they would ideally have no children, while 3 percent preferred one child. Religion And Values According to Epoch Times readers, religion and values play a huge role in the decision to grow a family. A whopping 83 perce...
iQoncept/iStock via Getty Images Consumer discretionary stocks have continued to demonstrate strong quantitative momentum, with several companies maintaining Seeking Alpha Strong Buy Quant Ratings for extended periods. A list of consumer discretionary names highlights companies that have held Strong Buy ratings for at least 60 consecutive days, reflecting sustained strength across valuation, growt...
iQoncept/iStock via Getty Images Consumer discretionary stocks have continued to demonstrate strong quantitative momentum, with several companies maintaining Seeking Alpha Strong Buy Quant Ratings for extended periods. A list of consumer discretionary names highlights companies that have held Strong Buy ratings for at least 60 consecutive days, reflecting sustained strength across valuation, growth, profitability, earnings revisions, and momentum metrics. Leading the list is General Motors Company ( GM ), which has maintained a Strong Buy Quant Rating for 229 consecutive days. Flexsteel Industries, Inc. ( FLXS ) follows with 119 consecutive days, while Arko Corp. ( ARKO ), Escalade, Incorporated ( ESCA ), and American Public Education, Inc. ( APEI ) have also maintained extended Strong Buy streaks. The rankings highlight the diversity within the consumer discretionary sector, spanning automobile manufacturing, home furnishings, automotive retail, leisure products, education services, and apparel retail. Alongside General Motors, companies such as Flexsteel, Escalade, and Tilly’s, Inc. ( TLYS ) reflect continued momentum across a wide range of consumer-focused industries. Seeking Alpha’s Quant Ratings system evaluates stocks on a scale of 1 to 5 using a range of quantitative factors, including valuation, growth, profitability, EPS revisions, and price momentum. Stocks with ratings above 4.5 are classified as Strong Buy. Below is the full list of consumer discretionary stocks that have maintained a Strong Buy Quant Rating for at least 60 consecutive days: General Motors Company ( GM ) - 229 consecutive days Flexsteel Industries, Inc. ( FLXS ) - 119 consecutive days Arko Corp. ( ARKO ) - 99 consecutive days Escalade, Incorporated ( ESCA ) - 97 consecutive days American Public Education, Inc. ( APEI ) - 85 consecutive days Tilly’s, Inc. ( TLYS ) - 85 consecutive days Consumer Discretionary ETFs: ( XLY ), ( VCR ), ( FXD ), ( FDIS ), ( RSPD ), and ( RXI ) More on Consumer...