Wall Street Breakfast Airlines climb on upbeat travel trends
Dec 5, 2024
Airline stocks are soaring as American and Southwest forecast strong holiday demand. Disney makes headlines by raising its dividend, signaling confidence in recovery. New leadership at Intel stirs interest in tech stocks. The discussion also highlights potential increases in jobless claims and their impact on the economy. Lastly, there's a buzz around Bitcoin trading above $100K, alongside insights into retail investor behaviors as the year wraps up.
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Airline Stock Surge
- Airline stocks rose due to Southwest's bullish travel trend comments and American Airlines' increased guidance.
- Southwest raised its unit revenue per available seat mile projections, citing strong holiday travel bookings.
Disney Dividend Boost
- Disney increased its dividend to $1 per share, up from $0.75 in 2024.
- The dividend will be paid semi-annually in two 50-cent installments.
Bitcoin and Government
- Bitcoin's price surge is linked to anticipation of a crypto-friendly US government.
- One analyst believes a strategic Bitcoin reserve by the US could push prices to $400,000.