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SKYW News
SKYW Events
SkyWest Appoints Wade Steel as President and COO
SkyWest "announced that Wade Steel has been named president and chief operating officer of SkyWest Airlines, Inc., a wholly-owned subsidiary of SkyWest, Inc. Steel joined SkyWest leadership in 2007 and served as Vice President - Controller of SkyWest Airlines from 2011-2014. He was named Executive Vice President of SkyWest, Inc. in 2014 before becoming the Chief Commercial Officer in 2015."
Dow Hits Record High While Nasdaq Declines
The major averages had a mixed day before the long holiday weekend, with the Dow rising to a record high as traders considered the weaker-than-expected U.S. nonfarm payrolls for June and what it might mean for the path of rates. Meanwhile, the Nasdaq fell amid continued pressure on technology and semiconductor names. Chip stocks have experienced a notable pullback to begin the second half of the year, suggesting traders are taking profits after a strong run.Looking to the jobs report, the U.S. economy added 57,000 jobs in June, well below forecasts of 110,000 and a downwardly revised 129,000 in May. The unemployment rate dropped to 4.2% in June, down from 4.3% in May, as many people left the workforce.Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.1. STOCK NEWS:OpenAI has discussed giving the U.S. government a 5% stake in the company,Alphabethasof a EUR4.1B Android fine in EuropeTeslareported, beating expectationsRivianand raised its FY26 vehicle delivery forecastAppleis preparing a new iPad Pro and redesigned entry-level MacBook Pro for 2027,2. WALL STREET CALLS:DAPalantirto Buy, sees "gift" at current levelsAdobeto Buy at HSBCWolfeChevronto Outperform, sees "opportunistic" entry pointSkyWestto Neutral at Goldman SachsCanaccordInfleqtionat Buy, sees 70% upside3. AROUND THE WEB:Microsoftis merging its consumer and enterprise versions of its Copilot AI chatbot, The Information reportsAmazonwill begin internet services this year after its latest satellite launch, Bloomberg reportsSoftBankhas resumed discussions with lenders for a $10B loan backed by its stake in OpenAI, offering a repayment guarantee to address concerns over valuing private-company shares and reduce lenders' collateral risk, Reuters saysThe U.S. National Highway Traffic Safety Administration, NHTSA, closed a 2022 preliminary evaluation of 695,000 Teslavehicles over unexpected deceleration, citing less incidents and low hazard to drivers, Reuters saysAnthropic has started early-stage work on its own AI chip and has held talks with Samsungas a potential manufacturing partner, The Information says4. MOVERS:SurgePayssoared afterwith one of its wholesale wireless network providersAeroVironmentgained afterKratos Defensewas higher after beingfor a new air defense missile systemOusterwas lower after filing anArbor Realtyfell after Piper Sandlerits price target on the stock5. EARNINGS/GUIDANCE:APi Groupraised itsLindsay, with EPS and revenue beating consensusNational Beveragereported, with EPS and revenue lower year-over-yearGreenbrierand narrowed its guidance for FY26American Eaglebacked itsand FY26INDEXES:The Dow rose 594.83, or 1.14%, to 52,900.07, the Nasdaq lost 207.36, or 0.80%, to 25,832.67, and the S&P 500 advanced 0.010, or 0.00013%, to 7,483.24.
Dow Hits Record High as Nasdaq Slips
The major averages were mixed near noon, with the Dow rising to a record high as traders weigh weaker-than-expected U.S. nonfarm payrolls for June. Meanwhile, the Nasdaq was slipping amid continued pressure on technology and semiconductor names. Chip shares have experienced a notable pullback to begin the second half of the year, suggesting traders are taking profits after a strong run.Looking to the jobs report, the U.S. economy added 57,000 jobs in June, well below forecasts of 110,000 and a downwardly revised 129,000 in May. It is the lowest job gain in four months, but was roughly in line with the average monthly change over the prior 12 months. The unemployment rate dropped to 4.2% in June, down from 4.3% in May, as many people left the workforce.Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.1. STOCK NEWS:OpenAI has discussed giving the U.S. government a 5% stake in the company,Alphabethasof a EUR4.1B Android fine in EuropeTeslaof 480,126, beating expectationsRiviandelivered 12,194 vehicles in Q2 andAppleis preparing a new iPad Pro and redesigned entry-level MacBook Pro for 2027,2. WALL STREET CALLS:DAPalantirto Buy, sees "gift" at current levelsAdobeto Buy at HSBCWolfeChevronto Outperform, sees "opportunistic" entry pointSkyWestto Neutral at Goldman SachsCanaccordInfleqtionat Buy, sees 70% upside3. AROUND THE WEB:SoftBankhas resumed discussions with lenders for a $10B loan backed by its stake in OpenAI, offering a repayment guarantee to address concerns over valuing private-company shares and reduce lenders' collateral risk, Reuters saysUberhas dismissed two senior leaders at its AI data labeling business as part of a broader leadership transition, while maintaining that the division, which uses gig workers to prepare data for AI model training, continues to show strong momentum and remains an important growth initiative, Bloomberg reportsThe U.S. National Highway Traffic Safety Administration, NHTSA, closed a 2022 preliminary evaluation of 695,000 Teslavehicles over unexpected deceleration, citing less incidents and low hazard to drivers, Reuters saysProsecutors in Taiwan have detained two Super Microemployees following a raid of the company's offices over alleged shipments of Nvidiachips to China, Bloomberg reportsAnthropic has started early-stage work on its own AI chip and has held talks with Samsungas a potential manufacturing partner, The Information says4. MOVERS:SurgePayssoars after announcing anwith one of its wholesale wireless network providersAeroVironmentgains after being awarded aKratos Defensehigher after beingfor a new air defense missile systemOusterlower after filing anArbor Realtyfalls after Piper Sandleron the stock5. EARNINGS/GUIDANCE:APi Groupfor FY26Lindsay, with EPS and revenue beating consensusNational Beverage, with EPS and revenue lower year-over-yearGreenbrierand narrowed its guidance for FY26American Eaglefor Q3 and FY26INDEXES:Near midday, the Dow was up 0.65%, or 339.56, to 52,644.80, the Nasdaq was down 0.78%, or 204.12, to 25,835.91, and the S&P 500 was down 0.17%, or 13.05, to 7,470.18.
SkyWest Reports Q1 Revenue of $1.01B
Reports Q1 revenue $1.01B, consensus $992.1M. Commenting on the results, Chip Childs, President and Chief Executive Officer of SkyWest, said, "Demand for our product remains solid, and we continue to re-invest in our fleet, creating long-term value for our customers, our people, and our shareholders. We look forward to operating the CRJ450 aircraft later this year, with a redesigned cabin that includes Wi-Fi service. The new CRJ450 aircraft further demonstrates the value our fleet flexibility provides to our customers. I want to thank our people for their good work through the challenging winter conditions of the first quarter."
U.S. Equity Futures Slip, Apple Gains Narrow to 0.7%
In the opening hours of the evening session, U.S. equity futures are slipping, with S&P e-minis down 0.2% and Nasdaq 100 contract down 0.3%. In commodities, precious metals are off Thursday's lows, with Gold above $5,460 and Silver above $118 per ounce. Crude Oil is off the highs but still above $65 per barrel after a robust three-day rally.After-hours earnings season remains dominated by tech heavyweights, with more mixed news once again. Apple initially jumped 3% but those gains were pared to less than 1% following the company's earnings call. Sandisk was firmer, but KLA Corp was down sharply, reversing the recent broader strength in semiconductor equipment space.Check out this evening's top movers from around Wall Street, compiled by The Fly.HIGHER AFTER EARNINGS -Deckers Outdoorup 14.5%SanDiskup 13.9%Robert Halfup 9.3%Strykerup 2.4%Appleup 0.7%Western Digitalup 0.7%DOWN AFTER EARNINGS -KLA Corpdown 8.5%Eastman Chemicaldown 6.1%SkyWestdown 3.4%Visadown 1.4%
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