Stock Pick

  • Southwest Pops Almost 6% As May Passenger Bookings Outpace Cancellations

    Southwest Pops Almost 6% As May Passenger Bookings Outpace CancellationsShares in Southwest Airlines Co. (LUV) rose 5.7% after the U.S. carrier said that it has seen a “modest improvement” in May demand as new passenger bookings outpaced trip cancellations.In the month through May 18, the U.S. airline recorded net positive bookings reversing net negative booking trends prevalent during most of March and April, where trip cancellations outpaced new passenger bookings, it said in a SEC filing disclosing preliminary figures. The reversal drove shares up 5.7% to $28.58 in early afternoon U.S. trading.The value of Southwest's shares has almost halved this year as stringent travel restrictions tied to the coronavirus pandemic have brought travel demand to an almost halt. U.S. airlines have been burning through billions of dollars in the first quarter incurring huge losses and implementing broad cost-cutting plans, as well as taking steps to shore up its cash buffers.Southwest said it expects average daily cash burn in June to be in the low-$20 million compared with average daily core cash spending of $30 million to $35 million in the second quarter.In May, capacity is set to decrease 60% to 70%, compared with an estimated decline of 45% to 55% in June, according to the preliminary figures. This month, the load factor is expected to be in the range of 25% to 30%, compared with a range of 35% to 45% expected in June.Bernstein analyst David Vernon last week maintained his Hold rating on the stock with a $29 price target, saying that although Southwest has some of the highest industry margins, it will have steeper capital spending as it upgrades its fleet with Boeing (BA) 737 MAX planes on order.“The company has the healthiest balance sheet among the four [U.S. airlines] and the equity dilution risk is already baked in,” Vernon wrote in a note to investors.Southwest said it currently has $13 billion in cash and short-term investments. Since the beginning of the year, it raised about $13.9 billion, including $10 billion in financings and sale-leaseback transactions and $2.2 billion through a common stock offering. Based on the preliminary figures, it currently estimates to have about 20 months of liquidity, it said.Overall, Wall Street analysts are cautiously optimistic on the stock. The 15 analyst ratings are divided between 9 Buys and 6 Holds adding up to a Moderate Buy consensus. The $42.50 average price target indicates 49% upside potential in the shares in the coming 12 months. (See Southwest Airlines stock analysis on TipRanks).Related News: Ryanair Cuts Traffic Target By Almost 50% For Coming Year, Seeks To Reduce Boeing Plane Deliveries Boeing Gets No Orders in April, Customers Cancel 737 MAX Jets Colombian Carrier Avianca Files for Bankruptcy Protection Due to Coronavirus Woes More recent articles from Smarter Analyst: * Walmart’s Quarterly Sales Surprise As Virus Lockdown Drives Online, Store Delivery Traffic * Kohl’s Posts Quarterly Loss, Sees April Online Sales Jumping 60%  * GM Director Displays Confidence in Company Despite Recent Troubles * iQIYI Sinks 4% As Online Ad-Revenue Falls Sharply

    from Yahoo Finance https://ift.tt/3bMPipi

  • Four essential things you need to consider while selling crypto

    People are taking advantage of the volatility present in the crypto industry. Retail traders are buying crypto at a lower price and selling them when the price reaches a new high. Due to the high volatility, they manage to make a decent amount of money within a very short period of time. Things might seem very easy at the initial stage but if you take a look at the professional trader approach, you will never see that they are buying crypto without analyzing the technical factors. In order to sell crypto at the right price and ensure safe transactions, you need to follow some basic parameters. Let’s explore 4 essential elements that you need to consider while selling crypto.

    Market sentiment

    Assessing the market sentiment is critical to your success. You need to sell crypto when the sentiment is bearish. Selling popular currencies like Bitcoin, Litecoin, Ripple, etc. when the market momentum and sentiment is extremely bullish is an amateur mistake. You are missing out on a decent profit as you will be selling the digital asset at a much lower price. Learning about the market sentiment is not that tough.

    Those who have strong knowledge of the technical and fundamental aspects of the market can easily determine the course of the trend. If necessary, you can read the analysis of the professional traders at bigX. By using their free resources, you will get a decent idea about buying selling Bitcoin.

    Use an authorized broker

    Some cryptocurrency users don’t care too much about the market price. Basically, they earn crypto by using their mining rig. But still, they need to be very careful. As a miner, you need to sell BTC to a reputed broker like bigX so that you know you will never get scammed. On the other hand, if you chose a scam broker or sell it the third party who doesn’t have the relevant paperwork and authorization to conduct such transactions, you might lose a big sum of money. The worst thing is, you can’t complain to anyone about the scam.

    Finding a great broker is not too complex. First of all, check the customer service, website reputations, and online reputations. If things seem standard, you need to check the regulations and licensing documents. If the paperwork of the broker is transparent like at bigX, you are dealing with a safe broker.

    Sell at the resistance

    As a cryptocurrency user, you must have strong technical knowledge. Without having the ability to analyze the technical details, it is nearly impossible to make some serious profit from this market. The majority of the retail traders and investors fail to make a profit using the resistance and support. Professional traders never miss a slight opportunity to increase the profit potential. They are very good at analyzing the critical support and resistance level. They always sell at the resistance and buy the asset at the support. By doing so, they utilize the investment market in the best possible way.

    Be careful with the news

    Being a cryptocurrency user, you must be careful about the major news. Let’s say that you are selling a big amount of Bitcoin at the current market price. Right before you hit the sell button, the price of Bitcoin drops by 500 pips in the global market. So, for one Bitcoin, you are basically losing $500. It might go in your favor and you might earn $500 per Bitcoin if the price shoots up right before you hit the sell button. But still, this is mostly luck.

    It is important that you sell the Bitcoin when the market is relatively stable and no major economic announcements are scheduled. By developing such a habit, you can easily save a decent amount of money in the long run. Most importantly, you won’t have to deal with heavy slippage.

    The post Four essential things you need to consider while selling crypto appeared first on Wall Street Survivor.

    source https://blog.wallstreetsurvivor.com/2020/05/19/four-essential-things-you-need-to-consider-while-selling-crypto/

  • Joe Rogan Will Bring His Podcast Exclusively to Spotify

    Joe Rogan Will Bring His Podcast Exclusively to SpotifyClick here to read the full article. "The Joe Rogan Experience," one of podcasting's longest-running and most popular shows, will be launching on Spotify exclusively this year.The Rogan-hosted comedy talk-show series will debut on Spotify on Sept. 1, 2020, on a nonexclusive basis — before becoming exclusive to the platform later later in 2020 under the multiyear licensing deal.With Rogan, Spotify has landed one of the podcasting biz's whales. It currently ranks as the No. 2 most popular show on Apple Podcasts (after Barstool Sports' "Call Her Daddy"), per Podcast Insights. A source familiar with the deal said Rogan became sold on Spotify's ability to build his audience worldwide, after initially resisting distributing the podcast on the platform because he saw it as primarily a music service.In addition to the podcast, JRE also produces corresponding video episodes, which will also be available on Spotify as in-app "vodcasts."Rogan announced the deal on social media Tuesday."The podcast is moving to @spotify!" he wrote on Instagram. "It will remain FREE, and it will be the exact same show. It’s just a licensing deal, so Spotify won’t have any creative control over the show. They want me to just continue doing it the way I’m doing it right now."Rogan said there will still be clips from the show on YouTube "but full versions of the show will only be on Spotify after the end of the year. I’m excited to have the support of the largest audio platform in the world and I hope you folks are there when we make the switch!"Since its launch in 2009, "The Joe Rogan Experience" has built a large, loyal and engaged fanbase tuning in to hear his discussions with a range of guests, including comedians, actors, musicians, MMA fighters, authors, artists and more.Under the distribution deal with Spotify, "The Joe Rogan Experience" will be available to Spotify's 286 million active monthly users free with ads (and without ads for premium subscribers). According to Spotify, "The Joe Rogan Experience" has long been the most-searched-for podcast on its service.Rogan, a stand-up comedian and actor, was previously best known for hosting NBC reality competition show “Fear Factor” in the early 2000s (which he reprised in 2011-12). The Boston native previously appeared in NBC sitcom "NewsRadio." He also has two stand-up specials on Netflix, 2018's "Strange Times" and 2016's "Triggered."Rogan is repped by Chandra Keyes and Jeff Sussman at Jeff Sussman Management, Matt Lichtenberg at Level Four Business Management, and attorney Seth Horwitz at Schreck Rose Dapello Adams Berlin & Dunham.

    from Yahoo Finance https://ift.tt/3e4Pylp

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