On this episode of Stock Movers:
- Delta (DAL) reinstated a profit outlook for the year and said travelers are coming back, prompting its stock to surge amid a fresh sense of confidence in the beaten-down US consumer. The carrier expects an adjusted profit of $5.25 to $6.25 a share this year, according to a statement on Thursday as Delta reported better-than-expected second-quarter results. Delta’s projections sent its shares up about 12%, their highest level in more than three months, and pulled up rival airlines.Travel in the US is recovering after approval of US President Donald Trump’s tax-cut and spending package and progress in tariff discussions, Chief Executive Officer Ed Bastian said in an interview. Corporate travel is strengthening, and consumers have become “a little numb” to the ongoing trade disputes, choosing to book travel again in the latter part of the year.
- Crowdstrike (CRWD) shares slide after CFRA downgraded the security-software company to hold from buy.
- McDonald's (MCD) shares ticked higher in trading today after Goldman analyst Christine Cho upgraded the fast food chain to buy from neutral.
See omnystudio.com/listener for privacy information.
