southwest airlines stock price drops after good news

JULIE HYMAN: Makeup, in general, has held up really well. By the way, though, even with today's drop, this has been a huge move in this name. I know the street was looking for Q2 adjusted EPS of $0.53 on net sales of $197. And in today's trade, it does look like it's on this Nielsen data here, showing moderating sales growth for the cosmetics company, broader category.Į.l.f., by the way, reporting post-market today. Beauty is sliding, as recent Nielsen data showing moderating sales growth for not only the cosmetics company, but also for the mass beauty category. JOSH LIPTON: And finally, let's check out shares of e.l.f.

It was the best performer in the S&P 500. JULIE HYMAN: Yeah, and up another 14% today. But on the sidelines, because of valuation, they say, you know, listen, that stock has surged this year. I will say Oppenheimer, though, less excited. It took their price target to $220.īy the way, I mean, 63% of analysts have a buy rating. And they say the results indicate continued strength in cloud. So the big one here is Morgan Stanley like what they heard. And basically, cloud demand means networking demand. We had Juniper Networks recently as well. Networking, overall, has been coming in pretty decent. The firm saying that the company is the best way to play an AI build-out with the networking. And the stock also got an upgrade from Morgan Stanley to overweight from equal weight. The Arista Networks shares jumping after third quarter results beat estimates. Spirit's off by 12% in today's session.Īnother stock that we're watching today on the other end is Arista. And so, that too seems to be weighing on not just JetBlue, but on Spirit shares as well. Basically, there has been a trial going on and legal actions going on, as regulators have still been examining that deal. That's something we've heard from the likes of Southwest and its computer system, right, consistently.Īnd then, in the background is Jetblue's quest to buy Spirit Airlines, which is under legal scrutiny, right? And there's some developments regarding that. And JetBlue is one of those that has sort of struggled with these dimensions, right? The company talking about continued issues with air traffic control causing some problems for it. And then, of course, worker shortages.īut some airlines, according to analysts, have just handled this situation better than others. Fuel prices that have been a headwind fairly consistently, right? Capacity, issues trying to get that balance right. Strong demand, by most accounts, although waning a little bit on the lower end. JULIE HYMAN: You know, it's really interesting here because we have some of the same fundamentals affecting the whole airline industry. Bottom line, it was- it's hard to find a lot of good news in this print. So that obviously could mean fares coming under pressure. Weather-related delays.Īnalysts saying domestic market capacity has outpaced demand. That was worse than expected by the street.Īlso talked about this shortage of air traffic personnel. I mean, the stock is down more than 40% now. The airline saying the sheer magnitude of air traffic control and weather-related delays has been staggering. JOSH LIPTON: Let's start with JetBlue, facing turbulence as it slashes its full-year guidance. Beauty ( ELF) drops on slowdowns occurring in the beauty industry.įor more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. The airline operator juggles many of the headwinds afflicting the industry and its workforce while defending its acquisition of Spirit Airlines ( SAVE) in court.Ĭloud company Arista Networks ( ANET) stock surges after topping third-quarter earnings estimates and being upgraded to 'Overweight by Morgan Stanley analysts. JetBlue Airways ( JBLU) shares have a bumpy landing, closing 10% lower on Tuesday after slashing its full-year outlook.

Southwest airlines stock price drops after good news