North American rail traffic rose 25.8% in week ended May 1, AAR says » 13:3005/0505/05/21
CNI, CP, CSX, KSU, NSC, UNP, GWR
The Association of…
The Association of American Railroads or AAR, reported U.S. rail traffic for the week ending May 1, as well as volumes for April. "A number of U.S. rail traffic categories have completely recovered ground lost during the pandemic or are very close to doing so," said AAR Senior Vice President John T. Gray. "For example, April set a new all-time record for intermodal, driven by surging international trade and strong consumer spending. Meanwhile, carloads of grain, food, lumber, paper, scrap metal and several other categories were higher in April 2021 than they were in both April 2020 and in April 2019. Carloads of chemicals and steel in April were much higher than last year and just shy of April 2019 levels."Total U.S. weekly rail traffic was 540,667 carloads and intermodal units, up 29.6% compared with the same week last year.Total carloads for the week ending May 1 were 240,858 carloads, up 27.2 percent compared with the same week in 2020, while U.S. weekly intermodal volume was 299,809 containers and trailers, up 31.6% compared to 2020. North American rail volume for the week ending May 1, on 12 reporting U.S., Canadian and Mexican railroads totaled 341,400 carloads, up 26.4% compared with the same week last year, and 385,743 intermodal units, up 25.2% compared with last year. Total combined weekly rail traffic in North America was 727,143 carloads and intermodal units, up 25.8%. North American rail volume for the first 17 weeks of 2021 was 11,842,622 carloads and intermodal units, up 9.3% compared with 2020. Publicly traded companies in the space include CSX (CSX), Canadian National (CNI), Canadian Pacific (CP), Genesee & Wyoming (GWR), Kansas City Southern (KSU), Norfolk Southern (NSC) and Union Pacific (UNP). Reference Link
Trivago price target raised to $4 from $2 at Deutsche Bank » 07:0905/0505/05/21
Deutsche Bank analyst…
Deutsche Bank analyst Lloyd Walmsley raised the firm's price target on Trivago to $4 from $2 and keeps a Hold rating on the shares following the company's results. April trends, with a sharp acceleration in U.S. and Europe qualified referral growth, bode well for the leisure travel outlook for this summer, Walmsley tells investors in a research note. The analyst says that while he feels better about the overall travel environment, his larger concerns around metasearch "continue to linger."
Tenet Healthcare price target raised to $70 from $55 at Mizuho » 06:5505/0505/05/21
Mizuho analyst Ann Hynes…
Mizuho analyst Ann Hynes raised the firm's price target on Tenet Healthcare to $70 from $55 and keeps a Buy rating on the shares following the "good" Q1 results.
Trivago price target raised to $4 from $2.70 at Mizuho » 06:5305/0505/05/21
Mizuho analyst James Lee…
Mizuho analyst James Lee raised the firm's price target on Trivago to $4 from $2.70 and keeps a Buy rating on the shares following the company's Q1 results. Management continues to expect travel activity to normalize in the second half of 2021 due to pent-up demand in the summer season, Lee tells investors in a research note. The analyst sees an improved outlook for Trivago.
Interactive Brokers reports April DARTs up 27% y/y » 12:4205/0305/03/21
Interactive Brokers Group…
Interactive Brokers Group reported its Electronic Brokerage monthly performance metrics for April. Brokerage highlights for the month included: 2.181 million Daily Average Revenue Trades, 27% higher than prior year and 27% lower than prior month. Ending client equity of $344.4B, 92% higher than prior year and 4% higher than prior month. Ending client margin loan balances of $45.0B, 118% higher than prior year and 7% higher than prior month. Ending client credit balances of $82.4B, including $2.8B in insured bank deposit sweeps, 19% higher than prior year and 2% lower than prior month. 1.36B client accounts, 69% higher than prior year and 3% higher than prior month. 370 annualized average cleared DARTs per client account. Average commission per cleared Commissionable Order of $2.39 including exchange, clearing and regulatory fees.
Fly Intel: Top five analyst initiations » 09:5405/0305/03/21
THC, CHWY, DMTK, NJR, PHX
Catch up on today's…
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Tenet Healthcare (THC) reinstated with a Buy at Goldman Sachs. 2. Chewy (CHWY) initiated with a Buy at Guggenheim. 3. DermTech (DMTK) initiated with a Buy at BTIG. 4. New Jersey Resources (NJR) initiated with a Neutral at JPMorgan. 5. PHX Minerals (PHX) initiated with an Outperform at Northland. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
BofA adds Disney and Avalara, removes Comcast and Netflix from U.S. 1 List » 06:1505/0305/03/21
DIS, SPOT, AVLR, CMCSA, NFLX, CRM
BofA analysts added…
BofA analysts added Disney (DIS), Avalara (AVLR) and Spotify (SPOT) while removing Comcast (CMCSA) and Netflix (NFLX) from U.S. 1 List to reflect the calculation methodology of the stocks' performance. BofA is also renewing Salesforce (CRM) on the list.
Tenet Healthcare reinstated with a Buy at Goldman Sachs » 04:4505/0305/03/21
Goldman Sachs analyst…
Goldman Sachs analyst Jamie Perse reinstated coverage of Tenet Healthcare with a Buy rating and $89 price target. The analyst sees upside to 2021 estimates. After a $100M EBITDA beat in Q1, guidance was lifted by $100M despite sequestration delay tailwinds, Perse tells investors in a research note. The analyst believes Tenet's momentum in the recovery and "strong" expense control should continue.
|Over a week ago|
Tenet completes sale of urgent care platform to FastMed for $80M » 11:0204/3004/30/21
Tenet Healthcare Corporation announced that it has completed the sale of its urgent care platform to FastMed for $80M. The transaction includes the sale of 87 CareSpot and MedPost centers, which were previously managed by Tenet's United Surgical Partners International subsidiary.
Trivago launches Weekend product in the UK, U.S. » 09:0404/2904/29/21
trivago announced the US…
trivago announced the US and UK launch of trivago Weekend, a brand-new way for users to discover weekend getaways close to home. Weekend, which provides curated content to help travellers find great deals on accommodation and experiences on and near their doorstep, is now available to travellers in the UK and UK. Weekend highlights close-to-home adventures and experiences in direct response to the travel restrictions caused by the pandemic. The product taps into the need for experiential, memory-making trips coveted by modern travellers. The launch in the US and UK has been timed to make the most of lockdown restrictions easing across the country and the reported uptake in domestic breaks this summer.