United Survives Boeing Crisis

Plus, J.B. Hunt’s weaker demand.

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Today is Wednesday, April 17, 2024.

The Early Bird Index today is 68.80.

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United Survives Boeing Crisis

Airplane puns aside, United Airlines (Nasdaq: UAL) soared 5.18% in after-hours trading on Tuesday after reporting better-than-expected financial results.

Financials: United Airlines reported a loss of 15 cents per share in the past quarter and revenue of $12.5 billion; both were better than expected.

Details: Total revenue per available seat mile grew in the past quarter, with the company saying that the “demand environment remained strong.”

Powering the Story: A $200 million loss from the Boeing (NYSE: BA) 737 MAX 9 grounding prevented United Airlines from being profitable, but the company did well. It also made several changes to its aircraft delivery plan so that the recent Boeing crisis remains less challenging.

Final Thoughts: United Airlines is up 1.92% in 2024. It’s a good sign that the company overcame Boeing’s safety and delivery mishaps.

Missed out on Ring and Nest? Don’t let RYSE slip away!

Ring 一 Acquired by Amazon for $1.2B

Nest 一 Acquired by Google for $3.2B

If you missed out on these spectacular early investments in the Smart Home space, here’s your chance to grab hold of the next one.

RYSE is a tech firm poised to dominate the Smart Shades market (growing at an astonishing 55% annually), and their public offering of shares priced at just $1.50 has opened. 

They have generated over 20X growth in share price for early shareholders, with significant upside remaining as they just launched in over 100 Best Buy stores.

Retail distribution was the main driver behind the acquisitions of both Ring and Nest, and their exclusive deal with Best Buy puts them in pole position to dominate this burgeoning industry.


Notable Earnings Today: ASML (Nasdaq: ASML), Alcoa (NYSE: AA), Abbott Laboratories (NYSE: ABT), Las Vegas Sands (NYSE: LVS), Discover Financial Services (NYSE: DFS), Equifax (NYSE: EFX), Prologis (NYSE: PLD), Kinder Morgan (NYSE: KMI), F.N.B. Corp (NYSE: FNB), Brandywine Realty (NYSE: BDN), First Industrial Realty (NYSE: FR), Wintrust Financial (Nasdaq: WTFC), Travelers Companies (NYSE: TRV), U.S. Bancorp (NYSE: USB), CSX (Nasdaq: CSX), SL Green Realty (NYSE: SLG), First Horizon (NYSE: FHN), Synovus (NYSE: SNV), Bank OZK (Nasdaq: OZK), Citizens Financial Group (NYSE: CFG), Crown Castle (NYSE: CCI), BankUnited (NYSE: BKU), Liberty Energy (NYSE: LBRT), SHL Telemedicine (Nasdaq: SHLT).

Notable IPOs Today: Junee Limited Ordinary Shares (Nasdaq: JUNE).

Notable Equity Crowdfunding Campaigns Ending Today: Bar Palmina (Honeycomb), Canyon Club Brewery (Mainvest), L5 Automation (Wefunder), Mystic Farm and Distillery (StartEngine).

Notable Economic Events Today: Crude Oil Inventories (10:30 a.m. ET), Beige Book (2:00 p.m. ET), TIC Net Long-Term Transactions (4:00 p.m. ET).

J.B. Hunt’s Weaker Demand

J.B. Hunt Transport Services (Nasdaq: JBHT) posted weaker financial results on Tuesday, causing the stock to drop by 6.00% in after-hours trading.

Financials: J.B. Hunt reported earnings of $1.22 per share in the past quarter and revenue of $2.94 billion; both were lower than expected.

Details: Operating income for the company’s intermodal transportation business decreased by 40% year-over-year. Operating income for the truckload business plummeted by 75%.

Powering the Story: The company experienced weaker demand in the quarter due to competition from over-the-road truck options.

Background: This is the second quarter in a row with lower-than-expected earnings. The company also recently had a leadership change.

Final Thoughts: J.B. Hunt was down 6% before these results. It hasn’t been kind to investors so far this year.

Autodesk’s Delayed Annual Report

3D design software Autodesk (Nasdaq: ADSK) fell by 2.60% in after-hours trading on Tuesday after disclosing that it will delay filing its annual report.

Details: The company said it is going through an ongoing internal investigation, which caused the delay.

Final Thoughts: Autodesk is down 2.51% this year. Can it turn things around?

A Penny Better Than Expected: Bullish Investor Sentiment Lifts Interactive Brokers Earnings (Barron’s)

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The contents of Early Bird are intended for informational and entertainment purposes only. They do not constitute trade or investment recommendations and they are not financial or legal advice. Readers are encouraged to consult licensed professionals for personalized guidance regarding their financial or legal situations.