They're all descending.

Northwest Cargo To Lower Fuel Surcharges Oct. 20

Visit StreetInsider.com at http://www.streetinsider.com/news.php?st=p&id=4055524 for the full story.

Northwest Airlines (NYSE: NWA) opened at $7.12. So far today, the stock has hit a low of $7.03 and a high of $7.70. NWA is now trading at $7.20, up $0.60 (9.09%). Over the last 52 weeks the stock has ranged from a low of $4.68 to a high of $21.00. NWA shares are rising with other airlines today, helped by lower oil futures. Te...(Click the story link or go to http://www.marketintelligencecenter.com for the full story)

Airlines Bounce Back Along With Broader Market

1. Southwest now stealing vital high-margin route--> Minneapolis to Chicago. More of that is possible now that slots are opening up at major airports (such as Minneapolis). 2. Airlines not a great business to be in the next 2 years due to commodity price risk and weakening consumer. 3. Mergers: Tough to execute in ANY economy, but even tougher when jobs are a premium asset to families. 4. The US needs low-cost airlines, not high-ticket ones. What's Northwest's demise, is the US consumer's gain.

American Aviation industry, which had been earlier hit hard by a sharp hike in fuel prices, is now facing a drop in passenger traffic and travel demand as credit crisis deepens and recession fears mount. Americans are travelling lesser by air as employers[More...]

Filed under: After the bell, General Electric (GE), Market matters, Boston Scientific (BSX), Amer Intl Group (AIG), Economic data, Delta Air Lines (DAL), Financial Crisis

Today was another relief trading day on word that Congress has reached a tentative approval of a bipartisan $700 billion financial bailout package. It definitely wasn't from the slew of bad economic data this morning. That was just ugly. Despite poor economic data, bond yields rose as the bailout package will end the flight to quality we witnessed lately.

Below are today's unofficial closing bell levels:
DJIA 11,022.06 +196.89 +1.82%
NASDAQ 2,186.57 +30.89 +1.43%
S&P500 1,209.18 +23.31 +1.97%
10YR T-Note 3.862% +0.091%
52-week lows
Top Analyst Calls

American International Group (NYSE: AIG) was up most of the day, but ex-Chairman Hank Greenberg filed to sell shares in the open market because of personal liquidity issues. Shares were up 19% but had fallen all the way down to almost 10% at $2.97 on this news. So much for him putting together a hostile rescue package of his own.

Boston Scientific (NYSE: BSX) was up almost 3% at $12.96 right before the close after it received marketing approval from the FDA for its TAXUS Express2 Atom Paclitaxel-Eluting Coronary Stent System this morning. This stock is so far down from prior highs that any good news is welcome.

General Electric Co. (NYSE: GE) managed to gain 4% to $25.60 right before the close despite its earnings warning hitting the stock early today. This was already factored in and should have been anticipated. It is keeping its AAA debt rating, keeping its dividend, and suspending buybacks to preserve liquidity.

Northwest Airlines Corporation (NYSE: NWA) and soon to be parent Delta Air Lines (NYSE: DAL) approved their merger today with something around 98% to 99% of the votes combined in favor of the deal. Unfortunately it had no bearing on the stocks, as Northwest shares were actually down 1% at the close.

 

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Filed under: After the bell, General Electric (GE), Market matters, Boston Scientific (BSX), Amer Intl Group (AIG), Economic data, Delta Air Lines (DAL), Financial Crisis

Today was another relief trading day on word that Congress has reached a tentative approval of a bipartisan $700 billion financial bailout package. It definitely wasn't from the slew of bad economic data this morning. That was just ugly. Despite poor economic data, bond yields rose as the bailout package will end the flight to quality we witnessed lately.

Below are today's unofficial closing bell levels:
DJIA 11,022.06 +196.89 +1.82%
NASDAQ 2,186.57 +30.89 +1.43%
S&P500 1,209.18 +23.31 +1.97%
10YR T-Note 3.862% +0.091%
52-week lows
Top Analyst Calls

American International Group (NYSE: AIG) was up most of the day, but ex-Chairman Hank Greenberg filed to sell shares in the open market because of personal liquidity issues. Shares were up 19% but had fallen all the way down to almost 10% at $2.97 on this news. So much for him putting together a hostile rescue package of his own.

Boston Scientific (NYSE: BSX) was up almost 3% at $12.96 right before the close after it received marketing approval from the FDA for its TAXUS Express2 Atom Paclitaxel-Eluting Coronary Stent System this morning. This stock is so far down from prior highs that any good news is welcome.

General Electric Co. (NYSE: GE) managed to gain 4% to $25.60 right before the close despite its earnings warning hitting the stock early today. This was already factored in and should have been anticipated. It is keeping its AAA debt rating, keeping its dividend, and suspending buybacks to preserve liquidity.

Northwest Airlines Corporation (NYSE: NWA) and soon to be parent Delta Air Lines (NYSE: DAL) approved their merger today with something around 98% to 99% of the votes combined in favor of the deal. Unfortunately it had no bearing on the stocks, as Northwest shares were actually down 1% at the close.

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Jack Warkenthien runs through the stocks for the day to watch. They include: Anadarko Petroleum Corp (NYSE:APC), Coach Inc. (NYSE:COH), Northwest Airlines (NYSE:NWA), and Delta (NYSE:DAL). He also runs through how high fuel prices are keeping us safer and how the current election relates to the 1960 presidential election.

Schaeffer's Carly Schaeffer takes a look at today's options activity

Schaeffer's Carly Schaeffer takes a look at activity on the Street ahead of the market open

Schaeffer's Laura Houser takes a look at today's options activity

Schaeffer's Andrea Kramer takes a look at today's options activity