It’s A Bird, It’s A Plane, No, It’s Earnings: Strong Company Reports Keep Comeback Rolling

SourceForbes
SectorEconomy
CountryMiddle east

For the third straight morning, it’s earnings to the rescue. After Monday’s nosedive, stocks seem poised to rise again this morning based on pre-market gains as investors watch major companies exceed Wall Street’s expectations. AT&T (T) became the latest to impress, helped by HBO Max and a guidance lift.

CSX (CSX) shares are also climbing on an earnings beat for the railroad company. American (AAL) and Southwest CSWC (LUV) had pretty nice results, too, though their shares aren’t showing it at the moment. Leisure fares continue to pick up at a good pace, and business travel is doing better than expected but not back where people would like to see it. Also on the transport side, Union Pacific UNP shares rose in pre-market trading, helped by firm earnings. It’s often a good sign for the economy when the railroads do well. The news wasn’t so good over at Texas Instruments (TXN), where shares fell 4% in after-hours trading after the...read more...