Airlines stocks beat market by most in a decade as travel booms

December 27, 2024

Image source: Photo by yousef alfuhigi on Unsplash

Breaking News

Image source: Photo by yousef alfuhigi on Unsplash

Airlines stocks beat market by most in a decade as travel booms. 🛫 A record year for travel in the US is pushing airline stocks to a soaring annual outperformance, and the prospect of sustained earnings power points to a bullish outlook for 2025. Yahoo Finance reports.

EdgeUp

✅ HighCore: Apple stock hit an all-time intraday high Thursday after a nod of confidence in its continued upswing from Wall Street. Yahoo Finance reports.

🤝 AIAllies:
Contractors working to improve Google's Gemini AI are comparing its answers against outputs produced by Anthropic's competitor model Claude. Yahoo Finance reports.

⚡ NvidiaGold:
Retail traders have injected nearly $30 billion into Nvidia this year, as of December 17. This amount is almost twice the net inflows compared to the SPDR S&P 500 ETF Trust. Benzinga reports.

🎮 KittyRally: GameStop shares surge on Roaring Kitty's X post. Investing.com reports.

📊 HolidayWrap: The S&P 500 slid less than 0.1% on Thursday, as the market rally heading into Christmas lost steam on the first trading day after the holiday. Yahoo Finance reports.

🌐 TradeFusion: Alibaba Group Holding is reportedly close to merging its South Korean operations with E-Mart in a deal valued at approximately $4 billion. Benzinga reports.

Top 5 Movers in Early Pre-Market

(All pricing and percent gains are based on Early Pre-Market from 4:00 AM to 7:00 AM Eastern Time)
Benzinga reports.

1. $INTZ: Intrusion
Total gain: +433.33%

2. $RVSN: Rail Vision
Total gain: +82.26%

3. $IDAI: T Stamp
Total gain: +69.35%

4. $SES: SES AI
Total gain: +61.97%

5. $EVAX: Evaxion Biotech
Total gain: +59.57%

Friday Fact

The History of NYSE

The New York Stock Exchange traces its origins to the Buttonwood Agreement signed by 24 stockbrokers on May 17, 1792, as a response to the first financial panic in the young nation. It set rules for how stocks could be traded and established set commissions. The Agreement aimed to promote public confidence in the markets and to ensure that deals were conducted between trusted parties.

📰 Read more

Yesterday’s Biggest Movers

The closing price of the top three market percent gainers trading near or above $3 on December 26.

*All pricing and percent gains are based on regular market trading hours from 9:30am to 4:00pm Eastern Time

1. $AIRE: reAlpha Tech Corp.

Total gain: +157.74%
The stock appeared to be moving on no notable news.

2. $ZSPC: zSpace
Total gain: +71.60%
The stock appeared to be moving on no notable news.

3. $LAES: SEALSQ
Total gain: +59.78%
The company announced that it has received formal written confirmation from The Nasdaq Stock Market, LLC, stating that it has regained compliance with Nasdaq's minimum bid price requirement. Benzinga reports.

Today’s Notable Earnings

*Estimate and Actual numbers represent Earnings Per Share in US Dollars

IMKTA: Ingles Markets
Before Market Open
Q4 2024
Estimate: N/A
Actual: -0.080

Today’s Key Economic Dates

Time (ET) / Report / Period

8:30 am - Advanced U.S. trade balance in goods - November
8:30 am - Advanced retail inventories - November
8:30 am - Advanced wholesale inventories - November

Parting Thoughts

"A stock operator has to fight a lot of expensive enemies within himself."

― Edwin Lefèvre.

Sourced in:
”Reminiscences of a Stock Operator”, by Edwin Lefèvre, published in 1923.