Page 102 - Street Notes News Today

Like most passenger carriers, Delta isn’t close to turning a profit. The full-service network airline is expected to report sales of $3.7 billion, down 67% from a year earlier, according to consensus estimates. Wall Street expects Delta to report a $2 billion pretax loss, resulting in a loss of $2.50 per share. Yet its sequential progress is likely to move the stock. Delta’s $2 billion loss would be an improvement over its $2.5 billion loss in the third quarter—a sign that it’s on track...

A nurse prepares a dose of the Pfizer vaccine. Anthony Devlin/Getty ImagesGetty Images The U. K., hard hit by a particularly contagious form of Covid-19, stands to be a particular beneficiary as vaccines are distributed. Citigroup says the stock market there could offer better gains than investors can find elsewhere. Investors expect billions of doses to be distributed worldwide in the coming year or so. That would eliminate the need for lockdowns and get people back to work...

The downgrade comes after the company’s robust third-quarter earnings report, which Bania applauds. Her concern is how pricey the stock has gotten. While she is still upbeat about Albertsons’ execution and strategy, she says the stock’s valuation gap with Kroger (KR) has closed. That said, Bania does think that the company will get a lift from ongoing pandemic trends. Albertsons didn’t provide much in the way of specific guidance, other than indicating it expects to beat fiscal ...

Cogent Communications Holdings (CCOI) should be some of the primary Covid-recovery beneficiaries in the sector. Each of their earnings declined in 2020, and all saw some multiple contraction. The result was stocks that badly lagged the market. AT&T likely has the most cyclical profile of the telecom companies, given its large WarnerMedia entertainment subsidiary. Movie theater closures, canceled or delayed sports events, and cost-conscious advertisers hurt results there in 2020. Verizon ...

Order Reprints Text size At a virtual meeting with analysts, Zscaler gave investors reason to feel renewed enthusiasm for the stock. Dreamstime Zscaler shares traded higher Tuesday just one day after the security software company hosted an apparently well-received virtual meeting with analysts. The company did not update its financial outlook at the meeting but it gave investors reason to feel renewed enthusiasm for the stock. At least four analysts raised their ...

Order Reprints Text size Vaccine news is less likely to affect broad stock-market moves this year. Vladimir Zivojinovic/AFP via Getty Images Major macro events are a less important driver of the stock market than they were last year. That means investors should become more discerning in their stock picks. In early December, Barron’s reported that the macro contribution, or the amount of the S&P 500’s movement explained by macro forces, had declined to 60%, a...

Palantir went public in September in a direct listing. Michael Nagle/Bloomberg Palantir Technologies has had an impressive early run in the public markets, direct-listing on the New York Stock Exchange in late September at $10 a share and rallying as high as $33.50 before recently settling into the mid-to-high $20s. But at least one analyst thinks the stock is heading for a far tougher year in 2021. Citigroup’s Tyler Radke on Wednesday cut his rating on Palantir (ticker: PL...

Intel had snatched away VMware CEO Pat Gelsinger to replace Bob Swan and fix the troubled chip giant is weighing heavily on shares of both VMware and Dell Technologies, which has an 80.6% stake in the company. Last year, Dell (ticker: DELL) confirmed press reports that it was considering spinning off its VMware stake to current Dell holders. In such a transaction, VMware (VMW) would likely pay a large cash dividend back to Dell that the PC maker would then use to reduce i...

One analyst estimates that the deal could add $1.6 billion to the biotech’s revenue. The deal gives the drug an effective price of $2,100 a dose.

In the past month, at least three analysts have upgraded Exxon Mobil, and others have put it on lists of stocks that could pop in 2021.