Here's Why Investors May Bet on Alaska Air (ALK) Stock Now

Zacks05-04

Alaska Air Group ALK is gaining from an uptick in air-travel demand (particularly on the leisure front). The upsurge in passenger volumes makes the ALK stock an interesting investment opportunity. Let...

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The upsurge in passenger volumes makes the ALK stock an interesting investment opportunity.\nLet...</p>\n\n<a href=\"https://finance.yahoo.com/news/heres-why-investors-may-bet-174900585.html\">Source Link</a>\n\n</div>\n","source":"yahoofinance","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Here's Why Investors May Bet on Alaska Air (ALK) Stock Now</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nHere's Why Investors May Bet on Alaska Air (ALK) Stock Now\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-05-04 01:49 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/heres-why-investors-may-bet-174900585.html><strong>Zacks</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Alaska Air Group ALK is gaining from an uptick in air-travel demand (particularly on the leisure front). The upsurge in passenger volumes makes the ALK stock an interesting investment opportunity.\nLet...</p>\n\n<a href=\"https://finance.yahoo.com/news/heres-why-investors-may-bet-174900585.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4211","symbol_name":"区域性银行","start_time":0,"source_url":"https://finance.yahoo.com/news/heres-why-investors-may-bet-174900585.html","article_id":"2432613893","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/oiYF3bnCg2GIqNfWSLSaBA--~B/aD00MDA7dz02MzU7YXBwaWQ9eXRhY2h5b24-/https://media.zenfs.com/en/zacks.com/f649e2d32d9da440da8469f35663cbbf"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2432613893","pubTimestamp":1714758540,"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"Alaska Air Group ALK is gaining from an uptick in air-travel demand . The upsurge in passenger volumes makes the ALK stock an interesting investment opportunity.Let’s delve into the factors working in favor of the Zacks Rank #2  stock.Northward Earnings Estimates: The Zacks Consensus Estimate for current-quarter and current-year earnings has been revised 8.3% and 13.1% upward, over the past 60 days, respectively. Such favorable estimate revisions reflect brokers’ confidence in the stock.Given the wealth of information at the brokers’ disposal, it is in the best interest of investors to be guided by their expert advice and the direction of their estimate revisions. This is because it serves as a key indicator in determining the price of a stock.Upbeat Air-Travel Demand:Alaska Air is seeing steady recovery in air-travel demand. On the back of upbeat air-travel demand and favorable pricing, Alaska Air's top line increased 8% year over year in 2023. Passenger revenues too increased 8% in 2","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4211":"区域性银行","BK4149":"建筑机械与重型卡车","LU1267930813.SGD":"FRANKLIN TEMPLETON SHARIAH GLOBAL EQUITY \"AS\" (SGD) ACC","BK4588":"碎股","BK4500":"航空公司","BK4572":"航空租赁","AL":"航空租赁公司","IE00B19Z6F94.USD":"Legg Mason Royce - US Smaller Companies A Acc USD","LU2491049909.HKD":"WELLINGTON SUSTAINABLE OUTCOMES \"A\" (HKD) ACC","LU0889566641.SGD":"FTSF - Templeton Shariah Global Equity A Acc SGD","BK4104":"贸易公司与经销商","LU2491050071.SGD":"WELLINGTON SUSTAINABLE OUTCOMES \"A\" (SGDHDG) ACC","LU0792757196.USD":"TEMPLETON SHARIAH GLOBAL EQUITY FUND \"A\" (USD) ACC","WAB":"美国西屋制动","LU2491050154.USD":"WELLINGTON SUSTAINABLE OUTCOMES \"A\" (USD) ACC","LU1983260115.SGD":"Janus Henderson Horizon Global Sustainable Equity A2 SGD-H","LU2125909759.SGD":"Natixis Thematics Safety H-R/A SGD","BK4008":"航空公司","ALK":"阿拉斯加航空集团有限公司","LU2125909916.SGD":"Natixis Thematics Safety R/A SGD","BK4585":"ETF&股票定投概念","LU1923622291.USD":"Natixis Thematics Safety R/A USD","ISBC":"投资者银行"},"translate_title":"以下是投资者现在可能押注阿拉斯加航空公司（Alaska Air）股票的原因","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"ISBC":1,"WAB":1,"AL":1,"ALK":1},"content_text":"Alaska Air Group ALK is gaining from an uptick in air-travel demand (particularly on the leisure front). The upsurge in passenger volumes makes the ALK stock an interesting investment opportunity.\nLet’s delve into the factors working in favor of the Zacks Rank #2 (Buy) stock.\nNorthward Earnings Estimates: The Zacks Consensus Estimate for current-quarter and current-year earnings has been revised 8.3% and 13.1% upward, over the past 60 days, respectively. Such favorable estimate revisions reflect brokers’ confidence in the stock.\nGiven the wealth of information at the brokers’ disposal, it is in the best interest of investors to be guided by their expert advice and the direction of their estimate revisions. This is because it serves as a key indicator in determining the price of a stock.\nUpbeat Air-Travel Demand: Alaska Air is seeing steady recovery in air-travel demand. On the back of upbeat air-travel demand and favorable pricing, Alaska Air's top line increased 8% year over year in 2023. Passenger revenues too increased 8% in 2023 on a year-over-year basis.\nDriven by upbeat air-travel demand, ALK anticipates second-quarter 2024 earnings per share to be between $2.20 and $2.40. To meet the upbeat demand, ALK is boosting capacity. The company expects available seat miles (a measure of capacity) to increase in the range of 5-7% in the second quarter of 2024 from second-quarter 2023 actuals. ALK anticipates 2024 EPS to be between $3.25 and $5.25.\nImpressive Price Performance: Driven by the rosy air-travel demand scenario, shares of ALK  have gained 21.8% over the past three months compared with its industry’s growth of 13.5% in the same timeframe.\nImage Source: Zacks Investment Research\nBullish Industry Rank: The industry, to which ALK belongs, currently has a Zacks Industry Rank of 95 (of 250 plus groups). Such a solid rank places the company at the top 38% of the Zacks industries. Studies show that 50% of a stock price movement is directly tied to the performance of the industry group that it hails from.\nAn ordinary stock in a strong group is likely to outperform a robust stock in a weak industry. Therefore, taking the industry’s performance into consideration becomes imperative.\nOther Stocks to Consider\nSome other top-ranked stocks for investors’ consideration in the Zacks Transportation sector are Air Lease AL and Wabtec Corporation WAB. Each stock currently sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.\nAir Lease has an encouraging track record with respect to earnings surprise, having surpassed the Zacks Consensus Estimate in each of the last four quarters, the average beat being 20.15%.\nThe Zacks Consensus Estimate for 2024 earnings has been revised 39.62% upward over the past 90 days. AL has an expected earnings growth rate of 29.96% for 2024.\nWabtec Corporation’s solid performance in the Freight and Transit segments is boosting its top line. The Zacks Consensus Estimate for WAB’s 2024 earnings has improved 28.37% over the past 90 days. Shares of WAB have surged 64.3% in the past year.\nWAB’s earnings outpaced the Zacks Consensus Estimate in three of the trailing four quarters (missing the consensus mark in the other quarter), delivering an average surprise of 11.46%.\nWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report\nAir Lease Corporation (AL) : Free Stock Analysis Report\nAlaska Air Group, Inc. (ALK) : Free Stock Analysis Report\nWestinghouse Air Brake Technologies Corporation (WAB) : Free Stock Analysis Report\nTo read this article on Zacks.com click here.\nZacks Investment Research","kind":null,"is_publish_news":null,"is_publish_highlight":null,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.22.4","shortVersion":"4.22.4","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2432613893"}