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Oil tanker charter rates skyrocketing in the U.S. with refiners scrambling for ships to store fuel that has nowhere to go.
By Joe Carroll (Bloomberg) –Gas stations along the U.S. East Coast are beginning to run out of fuel as North America’s biggest petroleum pipeline races to recover from a paralyzing cyberattack that has kept it shut for days.
From Virginia to Florida and Alabama, stations are reporting that they’ve sold out of gasoline as supplies in the region dwindle and panic buying sets in. An estimated 7% of gas stations in Virginia were out of fuel as of late Monday, according to GasBuddy analyst Patrick DeHaan.
Zacks Industry Outlook Highlights: Southwest Airlines, American Airlines, Allegiant Travel Co, Alaska Air Group and Delta Air Lines
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Fluor Corp Named Top Short Today As Energy Stocks Lead Following Colonial Pipeline Attack
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Airline traffic is one of many industries that has been hurt by the Covid-19 pandemic. TSA screenings are up and airlines that have reported earnings are pointing to strong recoveries and bookings.
TSA screened 1,703,267 people on Friday, May 7, which was the highest total since March 12, 2020. The U.S. declared COVID-19 a pandemic on March 11, 2020.
Traffic was hitting the highest figures in a year with 1.71 million passengers screened by TSA. on Sunday, May 9.
Here is a look at three discount airlines that have reported strong recoveries and could benefit from continued increasing passenger figures.
Spirit Airlines: In its first-quarter earnings report,
These 3 Airlines Look Bullish Going Into The Week: How To Play them
The S&P 500 and the Dow Jones Industrial Average both made new all-time highs last week, but as for individual stocks it’s been a “stock picker s market.”
Due to rotation within sectors, traders and investors have watched some of the biggest ETFs soar while their portfolio of stocks sits idle. Finding specific stocks to play bullish or bearish has felt similar to finding a needle in a haystack, especially with tech pulling back from all-time highs over earnings season.
The airline sector has yet to take the stage despite a ramp-up in the vaccine rollout and customers returning to the skies for business and travel. Rotation could be set to change this, however.