Últimas noticias sobre Ryanair Hldgs (NASDAQ:RYAAY) Bolsa

Ryanair Holdings

Ryanair is Europe's largest low-cost airline, known for its extensive network and highly efficient business model. Operating over 3,000 flights daily across 200-plus destinations in 40-plus countries, Ryanair has built its success on offering affordable air travel while maintaining tight control over costs. The airline primarily uses Boeing 737 aircraft, which simplifies operations and reduces expenses. Ryanair focuses on high passenger volumes, ancillary revenue, and operational efficiency, ensuring its position as a leading airline in Europe.

Ryanair Holdings plc - American Depositary Shares, each representing five Ordinary Shares

Ryanair Holdings PLC

RYANAIR HOLDINGS ORD

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RYAAY

Shares of airline companies are trading higher following a report suggesting that Spirit Airlines is considering bankruptcy.

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Shares of travel and hotel-related stocks are trading lower amid heightening geopolitical tensions after Iran launched a missile attack on Israel, which could impact global travel demand.

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Shares of travel and hotel-related stocks are trading lower amid heightening geopolitical tensions after a report suggesting Iran could be preparing to attack Israel. This could negatively impact travel demand.

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Shares of companies in the broader industrial space are trading higher following the Fed's announcement to cut rates by 50 basis points yesterday, which could support investment and economic growth.

Shares of travel and hotel-related stocks are trading higher following Wednesday's Fed rate cut. Lower rates could stimulate growth and boost consumer spending.

These ten large-cap stocks were the worst performers in the last week. Are they in your portfolio?
<ol>
<li>Rentokil Initial plc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RTO#NYSE">RTO</a>) shares plummeted 19.65% after the company revised the guidance <a href="https://www.benzinga.com//node/40814655" target="_blank" rel="noreferrer noopener">for the second half of FY24</a>.</li>
<li>Ally Financial Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ALLY#NYSE">ALLY</a>) stock dived 17.31% after the company&#8217;s CFO noted intensifying credit challenges among <a href="https://www.benzinga.com//node/40800069" target="_blank" rel="noreferrer noopener">borrowers at a conference</a>. Several analysts cut the <a href="https://www.benzinga.com//node/40811970" target="_blank" rel="noreferrer noopener">price target on the stock</a>.</li>
<li>Moderna, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MRNA#NASDAQ">MRNA</a>) shares dropped 11.26% after the company cut its R&amp;D expenses by $1.1 billion by 2027 and projected <a href="https://www.benzinga.com//node/40834547" target="_blank" rel="noreferrer noopener">2025 sales below expectations</a>. Many analysts <a href="https://www.benzinga.com/quote/mrna/analyst-ratings" target="_blank" rel="noreferrer noopener">lowered the price target</a>.</li>
<li>Humana Inc.&#8217;s (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HUM#NYSE">HUM</a>) stock decreased 9.93%, probably after this week&#8217;s <a href="https://www.benzinga.com/general/entertainment/24/09/40840076/trump-vs-harris-presidential-debate-viewership-tops-trump-biden-total-but-falls-short-of-re" target="_blank" rel="noreferrer noopener">Trump-Harris debate</a>.</li>
<li>Tyson Foods, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSN#NYSE">TSN</a>) stock was down 7.57%.</li>
<li>KE Holdings Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BEKE#NYSE">BEKE</a>) shares decreased 7.14%.</li>
<li>Adobe (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADBE#NASDAQ">ADBE</a>) shares lost 5.69% last week following Q3 earnings. Several analysts cut their price forecasts for<a href="https://www.benzinga.com/quote/ADBE/analyst-ratings" target="_blank" rel="noreferrer noopener"> the stock</a>.</li>
<li>Ryanair Holdings plc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RYAAY#NASDAQ">RYAAY</a>) shares fell 5.38%.</li>
<li>JPMorgan Chase &amp; Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JPM#NYSE">JPM</a>) stock lost 5.05% last week after COO tempered analyst outlook.</li>
<li>Devon Energy Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DVN#NYSE">DVN</a>) fell 4.87% last week. A JP Morgan analyst maintained Devon Energy with an Overweight rating and lowered the <a href="https://www.benzinga.com/quote/ADBE/analyst-ratings" target="_blank" rel="noreferrer noopener">price forecast from $64 to $51</a>.</li>
</ol>
Also Read:
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<li><a href="https://www.benzinga.com/news/24/09/40869287/chewy-broadcom-and-microstrategy-are-among-top-10-large-cap-stock-gainers-last-week-sep-8-sep-14-are" target="_blank" rel="noreferrer noopener">Chewy, Broadcom And MicroStrategy Are Among Top 10 Large Cap Stock Gainers Last Week (Sep 8-Sep 14): Are The Others In Your Portfolio?</a></li>
</ul>
Photo by Lutsenko_Oleksandr on Shutterstock

Large Cap

News

Movers

ADBE

ALLY

BEKE

MRNA

Moderna, Tyson Foods And Adobe Are Among Top 10 Large Cap Stock Losers Last Week (Sep 8-Sep 14): Are The Others In Your Portfolio?

Legal

Global

EU Commission Orders Germany To Recover Between €13 Million And €14 Million + Interest From Ryanair; Orders Germany To Recover €1.25 Million + Interest From Hahn Airport; Rules German Measures In Favor Of Ryanair, Hahn Airport Are Incompatible With State Aid Rules

Bernstein analyst Alex Irving maintains Ryanair Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RYAAY#NASDAQ">RYAAY</a>) with a Outperform and lowers the price target from $149 to $147.

Price Target

Analyst Ratings

Bernstein Maintains Outperform on Ryanair Hldgs, Lowers Price Target to $147

U.S. stocks were mixed, with the Dow Jones index falling around 0.1% on Tuesday.
Shares of The Hain Celestial Group, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HAIN#NASDAQ">HAIN</a>) shares gained 34.2% to $9.16 after the company reported better-than-expected fourth-quarter adjusted EPS results.
The company reported fourth quarter adjusted earnings per share of 13 cents, beating the analyst consensus estimate of 8 cents. Quarterly revenues of $418.80 million missed the street view of $421.2 million.
Hain Celestial shares jumped 34.2% to $9.16 on Tuesday.
Here are some other big stocks recording gains in today's session.
<ul>
<li>ClearPoint Neuro, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CLPT#NASDAQ">CLPT</a>) jumped 12.1% to $13.11. ClearPoint Neuro announced early repayment of $10 million note.</li>
<li>Trip.com Group Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TCOM#NASDAQ">TCOM</a>) gained 8.6% to $45.98 following second-quarter financial results.</li>
<li>Evotec SE (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EVO#NASDAQ">EVO</a>) gained 7.1% to $3.77.</li>
<li>Stardust Power Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SDST#NASDAQ">SDST</a>) climbed 6.7% to $8.55.</li>
<li>Ryanair Holdings plc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RYAAY#NASDAQ">RYAAY</a>) rose 5.5% to $110.01.</li>
<li>Soleno Therapeutics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SLNO#NASDAQ">SLNO</a>) surged 5.5% to $48.65. Soleno Therapeutics announced FDA acceptance for filing and priority review of its NDA for DCCR extended-release tablets for Prader-Willi Syndrome.</li>
<li>Energizer Holdings, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ENR#NYSE">ENR</a>) gained 5.3% to $31.94 after Truist Securities upgraded the stock from Hold to Buy and raised its price target form $30 to $40.</li>
</ul>
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<li> <a href="https://www.benzinga.com/trading-ideas/long-ideas/24/08/40575289/jim-cramer-believes-in-dell-ceo-doesnt-like-b-g-foods">Jim Cramer Believes In Dell CEO, Doesn&#8217;t Like B&amp;G Foods</a></li>
</ul>

Intraday Update

Markets

Trading Ideas

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Hain Celestial Posts Upbeat Q4 Earnings, Joins Soleno Therapeutics, Energizer Holdings And Other Big Stocks Moving Higher On Tuesday

Allegiant Travel Company (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/algt#NASDAQ">ALGT</a>) recently reported disappointing traffic numbers for July 2024.&nbsp;
Scheduled traffic (measured in revenue passenger miles) fell 1.7% from the July 2023 levels. Capacity (measured in available seat miles) for scheduled service grew 2.4% year over year. As traffic failed to outpace capacity expansion, the load factor (percentage of seats filled by passengers) in July 2024 declined to 87.5% from 91.2% a year ago.
Total departures (scheduled services) improved 2.7% in July 2024 from a year ago. Moreover, its average stage length (miles) grew 0.3% year over year.
For the total system (including scheduled service and fixed fee contract), Allegiant carried 1.8% less passengers in July 2024 from the year-ago period. System-wide capacity expanded 3.2% in July 2024 on a year-over-year basis.
The fuel price per gallon in July 2024 is estimated to have been $2.84.
ALGT currently carries a Zacks Rank #3 (Hold).
Apart from ALGT, other airline companies who have reported traffic numbers for July 2024 are as follows.
Copa Holdings, S.A. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/cpa#NYSE">CPA</a>) reported solid traffic numbers for July 2024 on the back of upbeat air-travel demand. Driven by high passenger volumes, revenue passenger miles (a measure of traffic) rose in double digits in July on a year-over-year basis. To match the demand swell, CPA is increasing its capacity. In July, available seat miles (a measure of capacity) increased 11.3% year over year. Revenue passenger miles increased 9.5% year over year. Although traffic improved on a year-over-year basis, it failed to outpace capacity expansion. As a result, the load factor (percentage of seats filled by passengers) fell to 87.6% from 89% in July 2023.
Ryanair Holdings (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ryaay#NASDAQ">RYAAY</a>), a European carrier, also reported solid traffic numbers for July 2024, driven by upbeat air-travel demand.
The number of passengers transported on Ryanair flights was 20.2 million in July 2024, reflecting an 8% year-over-year increase. RYAAY&#39;s traffic in July was much more than the June reading of 19.3 million, the May reading of 18.9 million, the April reading of 17.3 million and the March reading of 13.6 million.
The July load factor (percentage of seats filled by passengers) of 96% remained flat on a year-over-year basis. The figure was higher than the load factor of 95% reported in June as well as May, 92% reported in April 2024 and 93% reported in March 2024.
Notably, RYAAY operated more than 110,500 flights in July 2024. This marks an improvement from 106,000 flights operated in June 2024, 105,000 flights in May 2024, 98,400 flights in April 2024 and 77,000 flights in March 2024. However, almost 651 flights got canceled due to the ATC (air traffic control) delays.
<a href="https://www.zacks.com/stock/news/2325255/allegiant-algt-posts-unimpressive-july-traffic-numbers?cid=CS-BENZ-FT-analyst_blog|company_news_corporate_actions-2325255">To read this article on Zacks.com click here.</a>

Mid Cap

Small Cap

ALGT

Allegiant Posts Unimpressive July Traffic Numbers

Buybacks

Ryanair Announces Follow-On Buyback Of Up To €800M; Expects To Complete Current €700M Share Buyback By End Of August; Will Request Shareholder Approval To Increase Annual Buyback Authority To 15% Of Issued Share Capital; Cashflows Improved Due To Strong Traffic Growth And Boeing Delivery Delays; Faces No New Aircraft Deliveries From Mid-2025 To Mid-2027; Expects Short-Term Cashflow Boost From Temporary Cut In Aircraft Capex

General

Ryanair's Fleet Of Primarily 737s Adds Boeing's Jeppesen FliteDeck Pro 5.0

U.S. stocks traded higher toward the end of trading, with the NASDAQ Composite gaining around 300 points on Monday.
The Dow traded up 0.19% to 40,362.58 while the NASDAQ rose 1.70% to 18,027.77. The S&amp;P 500 also rose, gaining, 1.09% to 5,564.74.
Check This Out: <a href="https://www.benzinga.com/news/24/07/39880699/top-4-real-estate-stocks-that-may-fall-off-a-cliff-this-quarter">Top 4 Real Estate Stocks That May Fall Off A Cliff This Quarter</a>
Leading and Lagging Sectors Information technology shares jumped by 1.7% on Monday.
In trading on Monday, energy shares fell by 0.2%.
Top Headline
Verizon Communications Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VZ#NYSE">VZ</a>) shares fell around 6% on Monday after it reported fiscal second-quarter results.
Its sales increased 0.6% year over year to $32.8 billion, marginally missing the analyst consensus estimate of $33.1 billion. Adjusted EPS of $1.15 was in line with the analyst consensus estimate.
Equities Trading UP &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<ul>
<li>MIRA Pharmaceuticals, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MIRA#NASDAQ">MIRA</a>) shares shot up 368% to $3.2201 after the company announced new preclinical study results for its novel oral ketamine analog, Ketamir-2.</li>
<li>Shares of Tellurian Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TELL#NASDAQ">TELL</a>) got a boost, surging 66% to $0.95 after the company announced it will be acquired by Woodside Energy for approximately $900 million.</li>
<li>Serve Robotics Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SERV#NASDAQ">SERV</a>) shares were also up, gaining 33% to $10.03 after Nvidia last week disclosed a stake in the company.</li>
</ul>
Equities Trading DOWN
<ul>
<li>CrowdStrike Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRWD#NASDAQ">CRWD</a>) shares dropped 14% to $263.38. Guggenheim analyst John Difucci downgraded the stock from Buy to Neutral, while BTIG analyst Gray Powell downgraded the stock from Buy to Neutral. CrowdStrike shares fell sharply on Friday after the company suffered a major outage impacting businesses around the world.</li>
<li>Shares of Ryanair Holdings plc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RYAAY#NASDAQ">RYAAY</a>) were down 16% to $95.68 after the company said profits dipped 46% to 360 million euros (£303 million) for the three months to June 30.</li>
<li>Savers Value Village, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SVV#NYSE">SVV</a>) was down, falling 15% to $9.86 after JP Morgan downgraded the stock from Overweight to Neutral and lowered its price target from $21 to $12.</li>
</ul>
Also Check This Out: <a href="https://www.benzinga.com/news/24/07/39881526/wall-streets-most-accurate-analysts-say-hold-these-3-utilities-stocks-with-over-5-dividend-yields">Wall Street&#8217;s Most Accurate Analysts Say Hold These 3 Utilities Stocks With Over 5% Dividend Yields</a>
Commodities In commodity news, oil traded down 0.1% to $80.03 while gold traded down 0.1% at $2,396.00.
Silver traded up 0.1% to $29.325 on Monday, while copper fell 0.8% to $4.2025.
Euro zone
European shares closed higher today. The eurozone's STOXX 600 climbed 0.93%, Germany's DAX gained 1.29% and France's CAC 40 climbed 1.16%. Spain's IBEX 35 Index rose 0.51%, while London's FTSE 100 rose 0.53%.
Asia Pacific Markets
Asian markets closed mostly lower on Monday, with Japan's Nikkei 225 falling 1.16%, Hong Kong's Hang Seng Index gaining 1.25%, China's Shanghai Composite Index declining 0.61% and India's S&amp;P BSE Sensex declining 0.13%.
The annual inflation rate in Hong Kong rose to 1.5% in June from 1.2% in the prior month. The People&#8217;s Bank of China slashed one-year loan prime rate by 10bps to 3.35%.
Economics
The Chicago Fed National Activity index fell to 0.05 for June, versus previous reading of 0.23. However, analysts were expecting a reading of -0.09.
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</ul>

Eurozone

Commodities

CRWD

MIRA

SERV

TELL

S&P 500 Gains 1%; MIRA Pharmaceuticals Shares Spike Higher

Shares of CrowdStrike Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRWD#NASDAQ">CRWD</a>) fell sharply during Monday&#8217;s session. Guggenheim analyst John Difucci downgraded the stock from Buy to Neutral, while BTIG analyst Gray Powell downgraded the stock from <a href="https://www.benzinga.com/news/24/07/39886199/crowdstrike-faces-downgrades-amid-concerns-over-pricing-and-renewals-following-disruption">Buy to Neutral</a>.
CrowdStrike shares dipped over 11% on Friday after the company suffered a major outage impacting businesses around the world.
Selective Insurance Group shares dipped 13.2% to $264.65 on Friday.
Here are some other stocks moving in today&#8217;s mid-day session.
<h3 class="wp-block-heading">Gainers</h3>
<ul>
<li>MIRA Pharmaceuticals, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MIRA#NASDAQ">MIRA</a>) shares climbed 148% to $1.98 after the company announced new preclinical study results for its novel oral ketamine analog, Ketamir-2.</li>
<li>CareMax, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CMAX#NASDAQ">CMAX</a>) gained 135% to $3.72.</li>
<li>Tellurian Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TELL#NASDAQ">TELL</a>) jumped 64.5% to $0.9401 after the company announced it will be acquired by Woodside Energy for approximately $900 million.</li>
<li>Serve Robotics Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SERV#NASDAQ">SERV</a>) shares climbed 46.6% to $11.08 after Nvidia last week disclosed a stake in the company.</li>
<li>Cassava Sciences, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SAVA#NASDAQ">SAVA</a>) rose 27.2% to $12.82 after the company announced its first Phase 3 trial is expected to conclude by December and its second Phase 3 trial is expected to conclude by June 2025.</li>
<li>MEI Pharma, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MEIP#NASDAQ">MEIP</a>) surged 24% to $3.55 after the company announced it is considering strategic alternatives.</li>
<li>Society Pass Incorporated (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SOPA#NASDAQ">SOPA</a>) rose 22.8% to $1.56.</li>
<li>LivePerson, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LPSN#NASDAQ">LPSN</a>) gained 18.8% to $1.17.</li>
<li>Super League Enterprise, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SLE#NASDAQ">SLE</a>) jumped 18.8% to $1.33. Super League Enterprise Director Jeff Patrick Gehl bought a total of 50,000 shares at an average price of $1.11.</li>
<li>Richtech Robotics Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RR#NASDAQ">RR</a>) shares gained 18.2% to $1.74 after gaining around 228% on Friday.</li>
<li>Sonoma Pharmaceuticals, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SNOA#NASDAQ">SNOA</a>) gained 17% to $0.3602.</li>
<li>Alpha Teknova, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TKNO#NASDAQ">TKNO</a>) climbed 16.5% to $2.53.</li>
<li>Embecta Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EMBC#NASDAQ">EMBC</a>) gained 16.4% to $15.34. Embecta is scheduled to host a conference call to discuss its fiscal third quarter 2024 financial results on Friday, Aug. 9.</li>
<li>Netcapital Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NCPL#NASDAQ">NCPL</a>) rose 16.2% to $0.1208 after jumping more than 12% on Friday. Netcapital, last week, announced the launch of the beta version of its secondary trading platform.</li>
<li>Nukkleus Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NUKK#NASDAQ">NUKK</a>) gained 14.7% to $0.3670.</li>
<li>Terex Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TEX#NYSE">TEX</a>) climbed 11.2% to $62.76 after the company inked a deal to acquire Environmental Solutions Group (ESG) from Dover Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DOV#NYSE">DOV</a>) in a $2.0 billion all-cash transaction.</li>
<li>Canopy Growth Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CGC#NASDAQ">CGC</a>) gained 10.5% to $7.88.</li>
<li>Aveanna Healthcare Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVAH#NASDAQ">AVAH</a>) rose 10.5% to $3.80. Aveanna Healthcare will release its second quarter results before the market open on Thursday, Aug. 8.</li>
<li>Karooooo Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KARO#NASDAQ">KARO</a>) gained 10.4% to $37.78</li>
<li>Richtech Robotics Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RR#NASDAQ">RR</a>) rose 10% to $1.6050 after the company installed its advanced robotic beverage system, ADAM, at Ghost Kitchens International Inc. in Dawsonville, Georgia.</li>
<li>Clearwater Paper Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CLW#NYSE">CLW</a>) gained 9.6% to $53.65 after the company announced a deal to sell its tissue business for $1.06 billion.</li>
<li>SentinelOne, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/S#NYSE">S</a>) gained 9.5% to $23.80 after a failed software update from CrowdStrike Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRWD#NASDAQ">CRWD</a>) caused global outages.</li>
<li>TuanChe Ltd (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TC#NASDAQ">TC</a>) shares gained 8.5% to $1.6599 after falling 6% on Friday.</li>
<li>TAL Education Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TAL#NYSE">TAL</a>) rose 7.4% to $10.84. TAL Education will release its unaudited financial results for the first quarter, before the opening bell on Thursday, Aug. 1.</li>
<li>MINISO Group Holding Limited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MNSO#NYSE">MNSO</a>) rose 5.6% to $18.10.</li>
</ul>
<h3 class="wp-block-heading">Losers</h3>
<ul>
<li>Linkage Global Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LGCB#NASDAQ">LGCB</a>) shares dipped 29.1% to $3.6303.</li>
<li>Selina Hospitality PLC (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SLNA#NASDAQ">SLNA</a>) fell 20.7% to $0.0375.</li>
<li>TRxADE HEALTH, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MEDS#NASDAQ">MEDS</a>) declined 20.3% to $11.75.</li>
<li>Hawaiian Electric Industries, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HE#NYSE">HE</a>) shares fell 20.2% to $13.97. Hawaiian Electric Industries shares traded higher on Friday following a report suggesting the company reached a settlement plan over the Maui wildfires.</li>
<li>Nature Wood Group Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NWGL#NASDAQ">NWGL</a>) dipped 20.2% to $1.98.</li>
<li>Dogness (International) Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DOGZ#NASDAQ">DOGZ</a>) declined 18.3% to $12.17.</li>
<li>Agape ATP Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ATPC#NASDAQ">ATPC</a>) declined 16.8% to $0.1330.</li>
<li>Ryanair Holdings plc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RYAAY#NASDAQ">RYAAY</a>) shares fell 16.6% to $95.25 after the company said profits dipped 46% to 360 million euros (£303 million) for the three months to June 30.</li>
<li>PS International Group Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PSIG#NASDAQ">PSIG</a>) fell 16.4% to $2.85.</li>
<li>Portage Biotech Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PRTG#NASDAQ">PRTG</a>) shares fell 16.2% to $0.1912 after gaining around 25% on Friday.</li>
<li>Salarius Pharmaceuticals, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SLRX#NASDAQ">SLRX</a>) shares dipped 16.1% to $1.53 after falling around 25% on Friday. Salarius Pharmaceuticals was recently notified by MD Anderson Cancer Center of a Grade 4 adverse event in the Seclidemstat clinical trial.</li>
<li>Exicure, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/XCUR#NASDAQ">XCUR</a>) shares fell 16.1% to $0.4490 after surging 76% on Friday.</li>
<li>Savers Value Village, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SVV#NYSE">SVV</a>) declined 12.6% to $10.19 after JP Morgan downgraded the stock from Overweight to Neutral and lowered its price target from $21 to $12.</li>
<li>Fitell Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FTEL#NASDAQ">FTEL</a>) fell 11.1% to $19.68.</li>
<li>Applied Digital Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/APLD#NASDAQ">APLD</a>) dipped 9.1% to $5.20.</li>
<li>Valens Semiconductor Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VLN#NYSE">VLN</a>) fell 8.6% to $2.64. Valens Semiconductor will release its second quarter 2024 financial results before the opening bell on Wednesday, Aug. 7.</li>
<li>Virios Therapeutics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VIRI#NASDAQ">VIRI</a>) fell 8.2% to $0.2311 after declining over 4% on Friday.</li>
<li>NuScale Power Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SMR#NYSE">SMR</a>) declined 6.7% to $10.54.</li>
<li>Verizon Communications Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VZ#NYSE">VZ</a>) declined 6.4% to $38.94 following a second-quarter revenue miss.</li>
<li>e.l.f. Beauty, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ELF#NYSE">ELF</a>) fell 5.3% to $168.18.</li>
</ul>
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</ul>

APLD

ATPC

AVAH

CMAX

DOGZ

EMBC

FTEL

KARO

LGCB

LPSN

MEDS

MEIP

MNSO

NCPL

NUKK

NWGL

PRTG

PSIG

SAVA

SLNA

SLRX

SNOA

SOPA

TKNO

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XCUR

Why CrowdStrike Shares Are Trading Lower By Around 13%? Here Are Other Stocks Moving In Monday's Mid-Day Session

U.S. stocks traded mostly higher midway through trading, with the Nasdaq Composite gaining more than 100 points on Monday.
The Dow traded down 0.03% to 40,276.45 while the NASDAQ rose 0.81% to 17,870.43. The S&amp;P 500 also rose, gaining, 0.51% to 5,533.14.
Check This Out: <a href="https://www.benzinga.com/news/24/07/39880699/top-4-real-estate-stocks-that-may-fall-off-a-cliff-this-quarter">Top 4 Real Estate Stocks That May Fall Off A Cliff This Quarter</a>
Leading and Lagging Sectors Information technology shares jumped by 0.9% on Monday.
In trading on Monday, energy shares fell by 0.5%.
Top Headline
Verizon Communications Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VZ#NYSE">VZ</a>) shares fell around 6% on Monday after it reported fiscal second-quarter results.
Its sales increased 0.6% year over year to $32.8 billion, marginally missing the analyst consensus estimate of $33.1 billion. Adjusted EPS of $1.15 was in line with the analyst consensus estimate.
Equities Trading UP &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<ul>
<li>MIRA Pharmaceuticals, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MIRA#NASDAQ">MIRA</a>) shares shot up 391% to $3.38 after the company announced new preclinical study results for its novel oral ketamine analog, Ketamir-2.</li>
<li>Shares of Tellurian Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TELL#NASDAQ">TELL</a>) got a boost, surging 66% to $0.95 after the company announced it will be acquired by Woodside Energy for approximately $900 million.</li>
<li>Serve Robotics Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SERV#NASDAQ">SERV</a>) shares were also up, gaining 55% to $11.73 after Nvidia last week disclosed a stake in the company.</li>
</ul>
Equities Trading DOWN
<ul>
<li>CrowdStrike Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRWD#NASDAQ">CRWD</a>) shares dropped 13% to $265.61. Guggenheim analyst John Difucci downgraded the stock from Buy to Neutral, while BTIG analyst Gray Powell downgraded the stock from Buy to Neutral. CrowdStrike shares fell sharply on Friday after the company suffered a major outage impacting businesses around the world.</li>
<li>Shares of Ryanair Holdings plc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RYAAY#NASDAQ">RYAAY</a>) were down 17% to $95.05 after the company said profits dipped 46% to 360 million euros (£303 million) for the three months to June 30.</li>
<li>Savers Value Village, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SVV#NYSE">SVV</a>) was down, falling 12% to $10.23 after JP Morgan downgraded the stock from Overweight to Neutral and lowered its price target from $21 to $12.</li>
</ul>
Also Check This Out: <a href="https://www.benzinga.com/news/24/07/39881526/wall-streets-most-accurate-analysts-say-hold-these-3-utilities-stocks-with-over-5-dividend-yields">Wall Street&#8217;s Most Accurate Analysts Say Hold These 3 Utilities Stocks With Over 5% Dividend Yields</a>
Commodities In commodity news, oil traded down 0.4% to $79.80 while gold traded down 0.5% at $2,387.30.
Silver traded down 0.6% to $29.125 on Monday, while copper fell 1.3% to $4.1805.
Euro zone
European shares were higher today. The eurozone's STOXX 600 climbed 0.98%, Germany's DAX gained 1.35% and France's CAC 40 climbed 1.18%. Spain's IBEX 35 Index rose 0.59%, while London's FTSE 100 rose 0.62%.
Asia Pacific Markets
Asian markets closed mostly lower on Monday, with Japan's Nikkei 225 falling 1.16%, Hong Kong's Hang Seng Index gaining 1.25%, China's Shanghai Composite Index declining 0.61% and India's S&amp;P BSE Sensex declining 0.13%.
The annual inflation rate in Hong Kong rose to 1.5% in June from 1.2% in the prior month. The People&#8217;s Bank of China slashed one-year loan prime rate by 10bps to 3.35%.
Economics
The Chicago Fed National Activity index fell to 0.05 for June, versus previous reading of 0.23. However, analysts were expecting a reading of -0.09.
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Earnings

Dow Edges Lower; Verizon Shares Fall After Q2 Results

U.S. stock futures were higher this morning, with the Dow futures gaining around 50 points on Monday.
Shares of Ryanair Holdings plc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RYAAY#NASDAQ">RYAAY</a>) shares fell sharply in today's pre-market trading after the company reported <a href="https://www.benzinga.com/quote/RYAAY/earnings">first-quarter results</a>.
Ryanair said profits dipped 46% to 360 million euros (£303 million) for the first quarter, while the average fare declined 15% to 42 euros (£35) year-over-year.
Ryanair shares dipped 11.6% to $101.10 in the pre-market trading session.
Here are some big stocks recording losses in today's pre-market trading session.
<ul>
<li>Redwire Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RDW#NYSE">RDW</a>) shares fell 6.2% to $6.55 in pre-market trading. B. Riley Securities analyst Mike Crawford downgraded Redwire from Buy to Neutral, but raised the price target from $6 to $8.</li>
<li>Clear Channel Outdoor Holdings, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CCO#NYSE">CCO</a>) shares fell 6% to $1.58 in pre-market trading. Clear Channel Outdoor will release second quarter results before the opening bell on Wednesday, Aug. 7.</li>
<li>Honest Company Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HNST#NASDAQ">HNST</a>) shares tumbled 3.6% to $3.50 in pre-market trading.</li>
<li>iQIYI, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IQ#NASDAQ">IQ</a>) shares dipped 3.4% to $3.38 in pre-market trading. iQIYI will report its financial results for the second quarter before the opening bell on Aug. 22.</li>
<li>CrowdStrike Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRWD#NASDAQ">CRWD</a>) shares declined 3.4% to $294.60 in pre-market trading. Guggenheim analyst John Difucci downgraded the stock from Buy to Neutral. CrowdStrike shares dipped over 11% on Friday after the company suffered a major outage impacting businesses around the world.</li>
<li>Verizon Communications Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VZ#NYSE">VZ</a>) shares fell 3.3% to $40.25 in pre-market trading following weak quarterly sales.</li>
<li>NANO Nuclear Energy Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NNE#NASDAQ">NNE</a>) declined 3% to $18.72 in pre-market trading.</li>
</ul>
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</ul>

Pre-Market Outlook

HNST

Ryanair Posts Q1 Results, Joins CrowdStrike And Other Big Stocks Moving Lower In Monday's Pre-Market Session

Ryanair Holdings shares are trading lower after the company reported worse-than-expected Q1 financial results.

Ryanair Holdings plc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RYAAY#NASDAQ">RYAAY</a>) shares are trading lower after the company reported first-quarter FY25&nbsp;<a target="_blank" href="https://otp.tools.investis.com/clients/uk/ryanair/rns/regulatory-story.aspx?cid=901&amp;newsid=1844708&amp;culture=en-GB" rel="noreferrer noopener">results</a>.
Revenue&nbsp;fell 1%&nbsp;Y/Y&nbsp;to €3.63 billion. Scheduled&nbsp;revenues declined 6% Y/Y to&nbsp;€2.33 billion, with a 15%&nbsp;Y/Y&nbsp;decrease in average fares to €41.93.&nbsp;
Meanwhile, traffic grew 10%&nbsp;Y/Y&nbsp;to 55.5 million customers in the quarter, with a record 19.3 million passengers <a target="_blank" href="https://www.benzinga.com/markets/equities/24/07/39595403/ryanair-records-solid-traffic-numbers-in-june-details" rel="noreferrer noopener">reported for June earlier this month</a>.
Also, Ancillary revenue rose 10% to&nbsp;€1.30 billion in the quarter. Net profit dipped 46%&nbsp;Y/Y&nbsp;to €360 million.
In USD terms, Ryanair&#8217;s&nbsp;first-quarter EPS&nbsp;stood at $1.69, missing the consensus of&nbsp;$2.86, and sales of&nbsp;$3.904 billion came <a target="_blank" href="https://www.benzinga.com/earnings" rel="noreferrer noopener">below the consensus of&nbsp;$4.260 billion</a>.
Operating costs increased 11%&nbsp;Y/Y&nbsp;to €3.26 billion&nbsp;as fuel hedge savings offset higher staff and other costs, which was in part due to The Boeing Company&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BA#NYSE">BA</a>) delivery delays.
As of June 30, net cash stood at €1.74 billion,&nbsp;and&nbsp;it&nbsp;had&nbsp;a total fleet of 567 aircraft.&nbsp;
The company&#8217;s fuel needs are around 75% hedged at&nbsp;under $80bbl for FY25 and expects to deliver savings of about €450 million&nbsp;on fuel.
Dividend: Ryanair board of directors proposed a final dividend of&nbsp;€0.178&nbsp;per share, payable after the company&#8217;s AGM in September 2024.
In the quarter, the company repurchased and canceled about 12 million shares for €249 million as part of a €700 million buyback program launched in May 2024.
FY25 Outlook:&nbsp;Ryanair continues to expect traffic to grow by 8% (198 million to 200 million passengers), subject to no worsening Boeing delivery delays.
Ryanair says second-quarter demand is strong, but pricing is weaker than expected. The company now anticipates second-quarter fares to be notably lower than last summer, contrary to the previous expectation of stability or modest increases.
Ryanair states that they have little visibility for the third and fourth quarters and that the fourth quarter will miss the boost from last year&#8217;s early Easter.
Investors can gain exposure to the stock via&nbsp;IShares Trust IShares MSCI Ireland ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EIRL#NYSE">EIRL</a>) and&nbsp;Defiance Hotel, Airline, And Cruise ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRUZ#NYSE">CRUZ</a>).
Price Action: RYAAY shares are down 12.8% at $99.70 premarket at the last check Monday.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo via Wikimedia Commons

Equities

Guidance

Dividends

CRUZ

iShares MSCI Ireland Capped Investable Market Index Fund

EIRL

Ryanair Shares Plummet on Q1 Miss: Traffic Up, Fares Down & More

OUTLOOK:
FY25 traffic is expected to grow 8% (198m to 200m passengers), subject to no worsening Boeing delivery delays.&nbsp; As previously guided, we expect unit costs to rise modestly this year as ex-fuel costs (incl. pay &amp; productivity increases, higher handling &amp; ATC fees and the impact of multiple B737 delivery delays) are substantially offset by our fuel hedge savings, and rising net interest income, which widen Ryanair&#39;s cost advantage over its competitors.&nbsp; While Q2 demand is strong, pricing remains softer than we expected, and we now expect Q2 fares to be materially lower than last summer (previously expected to be flat to modestly up).&nbsp; The final H1 outcome is, however, totally dependent on close-in bookings and yields in Aug. and Sept.&nbsp; As is normal at this time of year, we have almost zero Q3 and Q4 visibility, although Q4 will not benefit from last year&#39;s early Easter.&nbsp; It is too early to provide meaningful FY25 PAT guidance, although we hope to be able to do so at our H1 results in Nov.&nbsp; The final FY25 outcome remains subject to avoiding adverse developments during FY25 (especially given continuing conflicts in&nbsp;Ukraine&nbsp;and the&nbsp;Middle East, repeated ATC short-staffing and capacity restrictions, or further Boeing delivery delays).&quot;

Ryanair Expects 8% Traffic Growth In 2025, Pending Boeing Deliveries; Unit Costs To Increase Modestly; Q2 Fares To Drop Significantly Compared To Last Summer

Shares of Tellurian Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TELL#NASDAQ">TELL</a>) rose sharply in today's pre-market trading after Woodside Energy announced plans to acquire the company for $900 million <a href="https://www.benzinga.com/quote/TELL/news">in all-cash deal</a>.
The implied enterprise value is around $1,200 million.
Tellurian shares jumped 65% to $0.9422 in pre-market trading.
Here are some other stocks moving in pre-market trading.
<h3 class="wp-block-heading">Gainers</h3>
<ul>
<li>Netcapital Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NCPL#NASDAQ">NCPL</a>) rose 43.8% to $0.1495 in pre-market trading after jumping more than 12% on Friday. Netcapital, last week, announced the launch of the beta version of its secondary trading platform.</li>
<li>Serve Robotics Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SERV#NASDAQ">SERV</a>) gained 36.8% to $10.33 in pre-market trading. Serve Robotics shares jumped 187% on Friday after Nvidia in a Form4 filing disclosed a stake in the company.</li>
<li>Richtech Robotics Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RR#NASDAQ">RR</a>) shares climbed 29.2% to $1.90 in pre-market trading after gaining around 228% on Friday.</li>
<li>CISO Global Inc.  (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CISO#NASDAQ">CISO</a>) gained 28.6% to $0.7653 in pre-market trading. CISO Global announced a comprehensive solution to mitigate impact of recent security incident involving CrowdStrike and Microsoft.</li>
<li>NuZee, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NUZE#NASDAQ">NUZE</a>) shares gained 21.8% to $1.34 in pre-market trading.</li>
<li>Nukkleus Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NUKK#NASDAQ">NUKK</a>) gained 18.7% to $0.3798 in pre-market trading.</li>
<li>TuanChe Ltd (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TC#NASDAQ">TC</a>) shares gained 16.8% to $1.80 in pre-market trading after falling 6% on Friday.</li>
<li>Twin Vee Powercats Co. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VEEE#NASDAQ">VEEE</a>) rose 15.3% to $0.5590 in pre-market trading. Twin Vee PowerCats, last week, named Karl Zimmer as President.</li>
<li>OFG Bancorp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OFG#NYSE">OFG</a>) shares surged 14.5% to $49.99 in pre-market trading. The company, last week, posted downbeat quarterly sales.</li>
</ul>
<h3 class="wp-block-heading">Losers</h3>
<ul>
<li>Exicure, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/XCUR#NASDAQ">XCUR</a>) shares fell 23.4% to $0.41 in pre-market trading after surging 76% on Friday.</li>
<li>Portage Biotech Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PRTG#NASDAQ">PRTG</a>) shares fell 12.2% to $0.2010 in pre-market trading after gaining around 25% on Friday.</li>
<li>Ryanair Holdings plc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RYAAY#NASDAQ">RYAAY</a>) shares fell 11.6% to $101.10 in pre-market trading after the company said profits dipped 46% to 360 million euros (£303 million) for the three months to June 30.</li>
<li>Stronghold Digital Mining Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SDIG#NASDAQ">SDIG</a>) shares declined 11.3% to $3.61 in pre-market trading after gaining over 9% on Friday.</li>
<li>Onconetix, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ONCO#NASDAQ">ONCO</a>) shares fell 9.8% to $0.1531 in pre-market trading after dipping around 22% on Friday.</li>
<li>Novo Integrated Sciences, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVOS#NASDAQ">NVOS</a>) fell 9.8% to $0.60 in pre-market trading. Novo Integrated Sciences shares gained 10% on Friday after the company announced that it received notice of the commencement of disbursement for the complete monetization of a Standby Letter of Credit and monetization program.</li>
<li>Safe and Green Development Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SGD#NASDAQ">SGD</a>) shares declined 8.6% to $0.33 in pre-market trading after falling 8% on Friday.</li>
<li>Virios Therapeutics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VIRI#NASDAQ">VIRI</a>) fell 8.4% to $0.2306 in pre-market trading after declining over 4% on Friday.</li>
<li>Salarius Pharmaceuticals, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SLRX#NASDAQ">SLRX</a>) shares dipped 7.1% to $1.70 in pre-market trading after falling around 25% on Friday. Salarius Pharmaceuticals was recently notified by MD Anderson Cancer Center of a Grade 4 adverse event in the Seclidemstat clinical trial.</li>
<li>NKGen Biotech, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NKGN#NASDAQ">NKGN</a>) shares fell 7% to $1.11 in pre-market trading after gaining 7% on Friday. NKGen Biotech, last week, announced it will present new SNK01 biomarker data at the Alzheimer&#8217;s Association International Conference.</li>
</ul>
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Why Tellurian Shares Are Trading Higher By Around 65%; Here Are 20 Stocks Moving Premarket

Ryanair Holdings (RYAAY) has released an update. Ryanair Holdings PLC has reported a major holding notification, with HSBC Holdings plc crossing th...

HSBC Holdings Increases Stake in Ryanair

The travel industry is showing robust growth prospects owing to a rise in tourism expenditure, among other conducive factors. Amid this surge, investing in fundamentally sound travel stocks such as Expedia Group. (EXPE), Travel + Leisure (TNL) and Tripadvisor (TRIP) could be beneficial. Keep on reading… The travel industry is set for significant growth, driven by rising demand for air travel, hospitality services, and travel products, as well as the increasing need for online travel platforms. With another surge in travel expected during the holiday season, particularly around Thanksgiving, Christmas, and New Year's, the industry is back in full swing.
As vacation plans remain strong, investors could consider investing in these three fundamentally strong travel stocks: Expedia Group, Inc. (<a href="https://stocknews.com/stock/EXPE/">EXPE</a>), Travel + Leisure Co. (<a href="https://stocknews.com/stock/TNL/">TNL</a>), and Tripadvisor, Inc. (<a href="https://stocknews.com/stock/TRIP/">TRIP</a>).
The <a href="https://www.reuters.com/world/us/us-travelers-set-end-summer-high-note-with-record-labor-day-air-travel-2024-08-28/">summer travel season</a> saw strong passenger volumes, with the TSA screening an average of 2.70 million travelers daily since Memorial Day. The next opportunity for lower travel prices arrives in <a href="https://www.cnbc.com/2024/09/14/when-to-book-your-holiday-travel-and-flights-in-2024.html">early October</a>, just before holiday flights peak. Global travel spending is projected to surpass <a href="https://www.forrester.com/blogs/travel-spending-on-track-to-return-to-pre-pandemic-levels-by-end-of-2024/">$2 trillion</a> by the end of 2024, fueled by robust leisure travel in North America and Europe and rising demand in Asia-Pacific.
Moreover, those planning getaways later this year will likely benefit from lower gasoline and airfare prices caused by a historic Fed rate cut this month, which offers some relief from inflation and makes spontaneous trips more affordable. The global travel and tourism market is on track for substantial growth, with revenue expected to hit $916 billion by 2024 and reach <a href="https://www.statista.com/outlook/mmo/travel-tourism/worldwide">$1.11 trillion by 2029</a>.
A stable global economy and growing travel demand have also reassured business leaders to resume corporate travel. The GBTA Business Travel Index Report projects global business travel spending to <a href="https://www.gbta.org/global-business-travel-industry-spending-expected-to-hit-record-1-48-trillion-in-2024/">surpass $2 trillion by 2028</a>.
Considering these positive trends, let's analyze the fundamental aspects of the three travel picks.
Expedia Group, Inc. (<a href="https://stocknews.com/stock/EXPE/">EXPE</a>)
EXPE is a global online company operating through three segments: B2B; B2C; and Trivago. Its extensive portfolio of brands includes Expedia, Hotels.com, Vrbo, Orbitz, CheapTickets, ebookers, Hotwire, and CarRentals.com.
On July 18, EXPE announced a partnership with Ryanair Holdings plc (<a href="https://stocknews.com/stock/RYAAY/">RYAAY</a>), Europe's leading airline, to offer low-fare flights to its travelers. This collaboration enhances travel options and experiences by integrating Ryanair's budget-friendly flights into EXPE's marketplace. Earlier this year, the companies collaborated on ‘Ryanair Rooms,' allowing seamless hotel bookings with flights.
EXPE's revenue for the fiscal second quarter that ended June 30, 2024, increased 6% year-over-year to $3.56 billion, while its operating income came in at $451 million, increasing 1.8% year-over-year.
Moreover, the company's adjusted attributable net income and EPS amounted to $469 million and $3.51, rising by 9.6% and 21.5% year-over-year, respectively. Also, its <a href="https://www.investopedia.com/terms/a/adjusted-ebitda.asp">adjusted EBITDA</a> stood at $786 million, up 5.2% year-over-year.
Street expects EXPE's revenue for the fiscal third quarter (ending September 2024) to increase 4.5% year-over-year to $4.11 billion, while its EPS for the same period is expected to grow 13.2% from the prior year to $6.12. Moreover, the company topped the EPS estimates in all of the trailing four quarters, which is impressive.
The stock has gained 47.7% over the past year to close the last trading session at $148.02.
EXPE's strong fundamentals are reflected in its <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a>. The stock has an overall rating of A, which equates to a Strong Buy in our proprietary rating system. The POWR Ratings are calculated by considering 118 different factors, with each factor weighted to an optimal degree.
It has an A grade for Quality and a B grade for Growth and Value. Out of 52 stocks in the A-rated <a href="https://stocknews.com/category/internet/">Internet</a> industry, it is ranked #2.
Beyond what is stated above, we have also rated EXPE for Momentum, Stability, and Sentiment. Get all the EXPE ratings <a href="https://stocknews.com/stock/EXPE/">here</a>.
Travel + Leisure Co. (<a href="https://stocknews.com/stock/TNL/">TNL</a>)
TNL and its subsidiaries provide hospitality services and travel products in the United States and internationally. The company operates through two segments: Vacation Ownership and Travel and Membership.
In terms of the trailing-12-month net income margin, TNL's 11.36% is 155.3% higher than the 4.45% industry average. Likewise, its 19.71% trailing-12-month EBIT margin is 151.2% higher than the 7.85% industry average. Moreover, its trailing-12-month Return on Total Assets of 6.48% is 61.6% higher than the industry average of 4.01%.
TNL's net revenues for the fiscal second quarter that ended June 30, 2024, increased 3.8% year-over-year to $985 million. Similarly, its adjusted EBITDA grew 3.4% from the year-ago value to $244 million. The company's adjusted net income and adjusted EPS came in at $108 million and $1.52, respectively, up 8% and 14.3% over the prior-year quarter.
Analysts expect TNL's revenue for the fiscal year ending December 2025 to increase 4.6% year-over-year to $4.05 billion. Its EPS for the same period is expected to rise 12.1% year-over-year to $6.29. It surpassed the Street EPS estimates in each of the trailing four quarters.
Over the past year, the stock has gained 29%, closing the last trading session at $46.08.
It's no surprise that TNL has an overall rating of B, which translates to a Buy in our proprietary POWR Ratings system.
TNL has a B grade for Value and Quality. Within the <a href="https://stocknews.com/category/travel-hotels-resorts/">Travel - Hotels/Resorts</a> industry, it is ranked #4 out of 20 stocks.
To access the other ratings of TNL for Growth, Momentum, Stability, and Sentiment, <a href="https://stocknews.com/stock/TNL/">click here</a>.
Tripadvisor, Inc. (<a href="https://stocknews.com/stock/TRIP/">TRIP</a>)
TRIP operates as an online travel company and primarily engages in providing travel guidance products and services worldwide. The company operates through three segments: Brand Tripadvisor; Viator; and TheFork.
In terms of the trailing-12-month gross profit margin, TRIP's 91.18% is 76.9% higher than the 51.56% industry average. Its asset turnover ratio of 0.66x is 32.9% higher than the 0.50x industry average. Also, its 12.95% trailing-12-month levered FCF margin is 63.1% higher than the industry average of 7.94%.
For the fiscal second quarter that ended June 30, 2024, TRIP's revenue rose marginally year-over-year to $497 million. Its adjusted EBITDA stood at $97 million, up 7.8% year-over-year. For the same quarter, its non-GAAP net income and non-GAAP earnings per share, as adjusted, increased 16.3% and 14.7% over the prior-year quarter to $57 million and $0.39, respectively.
Street expects TRIP's revenue for the fiscal year ending December 2025, to increase 6.5% year-over-year to $1.82 billion. Its EPS for the same period is expected to grow 16.9% year-over-year to $1.41. It surpassed the Street EPS estimates in each of the trailing four quarters.
TRIP's stock closed the last trading session at $14.49.
TRIP's POWR Ratings reflect a bright outlook. It has an overall rating of B, translating to a Buy in our proprietary rating system.
It has an A grade for Quality and a B for Value. It is ranked #11 out of 52 stocks in the Internet industry.
To see TRIP's Growth, Momentum, Stability, and Sentiment ratings, <a href="https://stocknews.com/stock/TRIP/">click here</a>.
What To Do Next?
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<hr />
EXPE shares were trading at $146.54 per share on Tuesday afternoon, down $1.48 (-1.00%). Year-to-date, EXPE has declined -3.46%, versus a 21.06% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Anushka Dutta</h2> <img src='https:/wp-content/uploads/2021/08/Anushka-Dutta_Headshot_3.jpg' style="float:left; padding:5px;width:125px;">Anushka is an analyst whose interest in understanding the impact of broader economic changes on financial markets motivated her to pursue a career in investment research.<a href="https://stocknews.com/authors/?author=anushka-dutta">More...</a>The post <a href=https://stocknews.com/news/expe-tnl-trip-ryaay-3-travel-stocks-to-buy-as-global-tourism-recovers/>3 Travel Stocks to Buy as Global Tourism Recovers</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

3 Travel Stocks to Buy as Global Tourism Recovers

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