Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  Nasdaq  >  American Airlines Group Inc.    AAL

AMERICAN AIRLINES GROUP INC.

(AAL)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

S&P 500 slides from five-week high on fears over rising COVID-19 cases

share with twitter share with LinkedIn share with facebook
07/16/2020 | 11:15am EDT
The spread of the coronavirus disease (COVID-19) in New York

The S&P 500 slipped from a five-week high on Thursday as concerns about the economic toll from rising coronavirus cases nationwide were heightened by data showing elevated levels of unemployment claims.

The S&P 500 slipped from a five-week high on Thursday as concerns about the economic toll from rising coronavirus cases nationwide were heightened by data showing elevated levels of unemployment claims.

U.S. retail sales increased more than expected in June, but a resurgence in new COVID-19 cases is chipping at the budding recovery, keeping 32 million Americans on unemployment benefits.

The jump in domestic case loads has forced states such as California to shut down again, sparking fears of more business damage and slowing the pace of a Wall Street rally. The S&P 500 is about 5.8% away from its record high hit in February.

"The spike in COVID-19 cases across the country is raising a concern that if they continue to rise, what would it mean for the economy and potential shutdowns," said Stan Gregor, chief executive officer of Summit Financial LLC in Parsippany, New Jersey.

The S&P 500 has exceeded the Nasdaq by about 3 percentage points over the past week, its greatest five-day outperformance over the Nasdaq since late March, reflecting a shift away from Amazon.com, Microsoft Inc and other major technology companies that have led Wall Street's gains in recent months.

Utilities, industrials and materials were in favor among the major S&P sectors on Thursday.

"This is an early indication of good signs that money is now flowing away from completely overbought Nasdaq into those names that will bode well when the economy starts finding more of a solid footing," said Andrew Smith, chief investment strategist at Dallas, Texas-based Delos Capital Advisors.

Twitter Inc fell 1.1% as hackers accessed its internal systems to hijack some of the platform's top voices including U.S. presidential candidate Joe Biden, reality TV star Kim Kardashian West, former U.S. President Barack Obama and billionaire Elon Musk and used them to solicit digital currency.

At 12:47 p.m. ET, the Dow Jones Industrial Average was down 147.48 points, or 0.55%, at 26,722.62, the S&P 500 was down 18.90 points, or 0.59%, at 3,207.66. The Nasdaq Composite was down 117.90 points, or 1.12%, at 10,432.59.

Rounding up earnings reports of big banks, Bank of America Corp fell 2.4% after its second-quarter profit more than halved, while Morgan Stanley rose 2.2% after posting a record quarterly profit.

American Airlines dropped 6.7% as it sent 25,000 notices of potential furloughs to frontline workers and warned that demand for air travel is slowing again.

Tesla Inc slipped 2.4% as its vehicle registrations nearly halved in the U.S. state of California during the second quarter, according to data from a marketing research firm.

Declining issues outnumbered advancers for a 1.31-to-1 ratio on the NYSE and for a 1.82-to-1 ratio on the Nasdaq.

The S&P index recorded 29 new 52-week highs and no new low, while the Nasdaq recorded 68 new highs and 10 new lows.

(Reporting by Medha Singh and Devik Jain in Bengaluru; Editing by Maju Samuel)

By Medha Singh and Devik Jain
Stocks mentioned in the article
ChangeLast1st jan.
AMAZON.COM, INC. 0.87% 3138.83 Delayed Quote.69.86%
AMERICAN AIRLINES GROUP INC. 3.52% 11.47 Delayed Quote.-60.01%
BANK OF AMERICA CORPORATION 0.08% 25.01 Delayed Quote.-28.99%
DJ INDUSTRIAL 0.62% 26828.47 Delayed Quote.-6.57%
MICROSOFT CORPORATION -1.50% 213.29 Delayed Quote.35.25%
MORGAN STANLEY -0.40% 49.26 Delayed Quote.-3.64%
NASDAQ 100 0.38% 11096.539063 Delayed Quote.26.59%
NASDAQ COMP. 0.35% 10941.165728 Delayed Quote.21.51%
S&P 500 0.36% 3306.51 Delayed Quote.2.34%
SUMMIT FINANCIAL GROUP, INC. -1.21% 14.66 Delayed Quote.-45.22%
TESLA, INC. 0.13% 1487 Delayed Quote.255.46%
share with twitter share with LinkedIn share with facebook
Latest news on AMERICAN AIRLINES GROUP IN
03:14pAmerican airlines says it has reached an agreement with union on voluntary op..
RE
01:41pAMERICAN AIRLINES : union reach deal to limit involuntary furloughs
RE
07/31U.S. airlines making push for new round of payroll assistance
RE
07/31U.S. airlines making push for new round of payroll assistance
RE
07/31AMERICAN AIRLINES : Subsidiary PSA Warns Of More Pilot, Flight Attendant Furloug..
RE
07/31American airlines subsidiary psa warns of more pilot, flight attendant furlou..
RE
07/30United warns of more pilot furloughs as U.S. airlines eye second bailout
RE
07/30United warns of more pilot furloughs as U.S. airlines eye 2nd bailout
RE
07/30Red Ink Flows From GE's Jet-Engine Unit -- WSJ
DJ
07/29UNITED CONTINENTAL : gives employees longer to decide on voluntary furloughs
RE
More news
Financials (USD)
Sales 2020 17 390 M - -
Net income 2020 -8 182 M - -
Net Debt 2020 30 137 M - -
P/E ratio 2020 -0,63x
Yield 2020 1,05%
Capitalization 5 833 M 5 833 M -
EV / Sales 2020 2,07x
EV / Sales 2021 1,20x
Nbr of Employees 107 400
Free-Float 98,7%
Chart AMERICAN AIRLINES GROUP INC.
Duration : Period :
American Airlines Group Inc. Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends AMERICAN AIRLINES GROUP IN
Short TermMid-TermLong Term
TrendsBearishNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 20
Average target price 11,97 $
Last Close Price 11,47 $
Spread / Highest target 135%
Spread / Average Target 4,36%
Spread / Lowest Target -91,3%
EPS Revisions
Managers
NameTitle
William Douglas Parker Chairman & Chief Executive Officer
Robert D. Isom President
David G. Seymour Senior Vice President-Operations
Derek J. Kerr Chief Financial & Accounting Officer, Executive VP
Maya Leibman Chief Information Officer & Executive VP
Sector and Competitors
1st jan.Capitalization (M$)
AMERICAN AIRLINES GROUP INC.-60.01%5 655
SOUTHWEST AIRLINES-41.50%18 628
JUNEYAO AIRLINES CO., LTD-36.20%2 667
ALLEGIANT TRAVEL COMPANY-36.01%1 786
CHINA EXPRESS AIRLINES CO.,LTD36.70%1 614
PEGASUS HAVA TASIMACILIGI AS--.--%701