On CNBC's "Halftime Report Final Trades," Jim Lebenthal of Cerity Partners said Delta Air Lines, Inc. (NYSE:DAL) just hit a post-pandemic high.
On April 10, Delta Air Lines reported better-than-expected first-quarter earnings. The company reported a first-quarter 2024 operating revenue growth of 8% year-over-year to $13.748 billion and adjusted operating revenue of $12.563 billion (+6% YoY), beating the consensus of $12.57 billion. Adjusted EPS was 45 cents, above the consensus of 36 cents, according to data from Benzinga Pro.
Liz Young of SoFi named Invesco S&P 500 Low Volatility ETF (NYSE:SPLV) as her final trade.
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Joshua Brown of Ritholtz Wealth Management picked Live Nation Entertainment, Inc. (NYSE:LYV).
On May 2, Live Nation Entertainment posted first-quarter GAAP loss of 53 cents per share, compared to market estimates for a loss of 18 cents per share. The company's quarterly sales came in at $3.8 billion versus expectations of $3.259 billion.
Redburn Atlantic analyst Ed Vyvyan upgraded Live Nation Entertainment from Neutral to Buy and raised the price target from $114 to $115 on May 9.
Price Action:
- Delta Air Lines shares rose 0.9% to close at $52.75 on Thursday.
- Invesco S&P 500 Low Volatility ETF gained 0.6% during Thursday's session.
- Live Nation Entertainment shares rose 1.3% to settle at $97.03 on Thursday.