DAL Jul 2024 45.000 call
| Previous close | 5.7000 |
| Open | 5.1500 |
| Bid | 4.6500 |
| Ask | 5.0500 |
| Strike | 45.00 |
| Expiry date | 2024-07-19 |
| Day's range | 4.1000 - 5.1500 |
| Contract range | N/A |
| Volume | |
| Open interest | 271 |
- Yahoo Finance Video
Musk pay package, cruise line pressures: Market Domination
On today's episode of Market Domination, Yahoo Finance's Julie Hyman and Josh Lipton break down the trading week's biggest stories from Tesla (TSLA) CEO Elon Musk's pay package to tumbling cruise line stocks. The major indexes (^DJI, ^IXIC, ^GSPC) are mixed after June's consumer sentiment data hit its lowest level since November. CFRA Research chief investment strategist Sam Stovall is concerned that markets may have "to endure another decline" before the following year sees substantial market gains. Tesla shareholders approved CEO Elon Musk's controversial $56 billion compensation package at Thursday's shareholder meeting. Financial analyst and YouTuber "Meet Kevin" Kevin Paffrath was in favor of Musk's pay package, explaining, "the deal was made in 2018 and it was very public... Frankly, if that same deal was made today at those prices then, everybody would look at that as a shareholder and go — well, at least 70% like we had then — 'Of course, we're going to support if you can move the market capitalization of this stock essentially exponentially. Of course, we're going to support paying for you.' So receiving that and then being frustrated about Elon in the short term, I don't think is fair. I think it hits on an element of justice." As the summer travel season heats up, top cruise line stocks (CCL, RCL, NCLH, VIK) dipped in Friday's session after Bank of America analysts found cruise prices to be "modestly softer" in June. On the airline side, issues with Boeing (BA) are preventing companies from accessing new planes, stunting growth amid high demand. Peter McNally, Third Bridge Global's Head of Industrials, Materials, and Energy Sector, explains, "companies like United (UAL) who've got very ambitious targets out to 2026 that they've had to temper that a bit... It doesn't seem like Boeing's problems are going to be sorted anytime soon, and it's not like Airbus (AIR.PA) can go any faster than they already are." Shares of Shopify (SHOP) rose after Evercore ISI's Mark Mahaney upgraded the e-commerce company to Outperform from In Line, citing an attractive entry point for investors following a slight decline in the share price. Tempus AI (TEM) shares also popped after making its trading debut on the Nasdaq via an IPO. This post was written by Melanie Riehl
- Yahoo Finance Video
This ‘unappreciated asset’ is positioning Delta for success
Travel demand is projected to hit a record high this summer based on earnings forecasts. However, the ongoing issues facing Boeing (BA) are preventing airlines from accessing new planes, stunting growth amid high demand. Peter McNally, Third Bridge Global's head of industrials, materials, and energy sector, and George Ferguson, Bloomberg Intelligence senior aerospace defense and airlines industry analyst, join Market Domination to discuss the state of the airline industry as the summer travel season heats up. "Capacity is growing; it's just not growing as fast as the airlines hope. And you've got companies like United (UAL) who've got very ambitious targets out to 2026 that they've had to temper that a bit... It doesn't seem like Boeing's problems are going to be sorted anytime soon, and it's not like Airbus (AIR.PA) can go any faster than they already are," McNally explains. Ferguson states that the record travel is due to airlines putting up record schedules, adding, "Thank God they can't get all those airplanes because they crushed margins even more." McNally points to labor costs making airlines less profitable than they were pre-pandemic and believes that Delta Air Lines (DAL) is among those handling the issue best: "The unappreciated asset that Delta has is their tech ops business that allows them to do their own maintenance, repair, and overhaul." Ferguson adds that retirements in the industry will peak in 2026 and 2027, which could cause a pilot shortage. For more expert insight and the latest market action, click here to watch this full episode of Market Domination. This post was written and updated by Melanie Riehl
Insider MonkeyHere’s Why Hedge Funds Love Delta Air Lines Inc. (NYSE:DAL)
We recently published a list of the 10 Best Airline Stocks to Buy For 2024. Since Delta Air Lines Inc. (NYSE:DAL) ranks 1st on the list, it deserves a deeper look. Despite rising inflation, consumers worldwide continue to spend on travel and experiences, defying all expectations and forecasts. Latest data from the International Air Transport Association (IATA) […]
