Market review: Delta's upbeat outlook sends stock rising

December 14, 2019 at 5:10AM
FIE - In this Feb. 5, 2019, file photo a ramp worker guides a Delta Air Lines plane at Seattle-Tacoma International Airport in Seattle. Delta says earnings and revenue will rise in 2020 because of continuing solid demand for air travel and no increase in spending on jet fuel. CEO Ed Bastian says Delta is getting a boost from strong spending by consumers, which he expects to spill into 2020. (AP Photo/Ted S. Warren, File)
Delta Air Lines said it expects sustained demand for air travel and stable prices for jet fuel. (The Minnesota Star Tribune)

Takeoff: Delta Air Lines rose 3.3% to $56.87 Thursday after the most profitable U.S. carrier gave investors a surprisingly good profit and revenue forecast for 2020. The company said it expects sustained demand for air travel and stable prices for jet fuel. Shares closed Friday at $56.73.

Falling short: American Eagle Outfitters shares dropped 6.7% to $14.11 Wednesday after it forecast holiday-quarter profit and comparable sales below market expectations, as the apparel retailer ramps up promotions to counter sluggish demand for its flagship AE brand. Shares closed the week at $14.46.

Nice run: Vail Resorts rose 2.1% to $235.54 Tuesday after the company's fiscal first-quarter results beat forecasts, as its resorts in Australia and North America buoyed results. Shares closed Friday at $242.89.

Low gas: Chevron fell 1.1% to $116.62 Wednesday after the energy company warned investors about a potential charge of up to $11 billion because of lower long-term prices for oil and natural gas. Shares closed the week at $117.96.

Not stylish: Tailored Brands slumped 11.1% to $ 4.31 Thursday after the owner of Men's Wearhouse issued quarterly guidance that was below what analysts were expecting. Shares closed Friday at $4.13.

Dressed to the nines: Online clothing styling service Stitch Fix surged 7.2% to $26.83 Tuesday after topping earnings estimates and giving a bullish outlook. The performance of the company's direct buy program was a standout. Shares closed the week at $25.87.

News Services

about the writer

about the writer

More from Business

card image

Uber and Lyft drivers pushed nearly two years for better wages. An Uber spokeswoman said riders may see a price increase as high as 25%.