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United and Delta Air Lines: Safe Havens Amid Uncertain Consumer Trends, Says Morgan Stanley Analyst

– United and Delta Air Lines look like safe havens in a world of uncertain consumer trends, a Morgan Stanley analyst told MarketWatch.

Numbers released after closing time

The power giant Netflix presents figures for the first quarter after the close of the New York Stock Exchange. On Wall Street, Netflix closed down 0.41 percent at $611.15.

The company estimates revenue of $9.24 billion, an increase of 13.2 percent from the previous year, with a profit of $4.49 per share. stock. Wall Street is expecting revenue of $9.27 billion, earnings of $4.51 per share. category, and a net increase of 5.1 million subscribers in the period, reports MarketWatch.

The result was an income of 9.4 billion dollars, and earnings per purchase for 5.28 US dollars.

In the after-sale at 22.40 Norwegian time, the share is down 3.41 percent.

US macro figures

US labor market data show that first-time applicants for unemployment benefits were 212,000 last week, below the 215,000 expected.

The Philly Fed index, which measures business activity in Philadelphia, rose to 15.5 points in April, well above expectations of 1.5 points.

The Fed’s “Beige Book” also reported an increase in economic activity since February, with ten out of twelve regions reporting weak to moderate growth.

Oil, Iran and crypto

WTI oil ended up 0.06 percent at $82.74 a barrel. North Sea Brent oil is also ending, 0.03 percent to 86.97 dollars per barrel. barrel

Iran is exporting more oil than at any time in the past six years, giving the Iranian economy an annual boost of $35 billion. This is while Western countries are debating various sanctions against the country, after the attack they made on Israel, writes the Financial Times.

Iran sold an average of 1.56 million barrels per day in the first three months of the year, almost all to China, the highest level since the third quarter of 2018, according to data firm Vortexa.

Bitcoin ended down 0.19 percent at $63,426 per coin. Ethereum rose by 3.14 percent to $3,066.22 per Ethereum.

2024-04-18 20:04:59
#Mixed #Wall #Street #Takeoff #airline #stocks

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