🐤 Spirit Airlines Stock Nearly Doubled: Are Clear Skies Ahead?

Transportation stocks typically indicate the economy's current state, while airline stocks gauge the consumer cycle's direction instead. Recently, shares of Spirit Airlines Inc. (NYSE: SAVE) have nearly doubled after the company struck a new deal to help keep its debt burden flexible ahead of bond.... ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  Unsubscribe Friday, October 25th Good Morning Equity markets rebounded on Thursday, erasing some but not all of Wednesday's losses. The move in the S&P 500 was largely driven by tech, led by a 20% gain in Tesla. Tesla reported a mixed quarter with a wider-than-expected margin; the news sending shares higher was the outlook for robust production and delivery growth in 2025. CEO Elon Musk estimates the growth at something like 20% to 30%, driven by a yet-to-be-seen lower-priced model. The risk for the market next week is enormous, including earnings and economic data. The earnings deluge will continue with over 100 reports from S&P 500 Companies, including key reads from big tech names like Microsoft and Amazon. On the economic front, reports on third-quarter GDP, the PCE price index, and labor markets will drive the action. The risk is that weaker-than-expected data will raise the fear of a recession. Hot data is good news any way you look at it. The Fed may back off on the pace of interest rate cuts because of hot data, but economic and earnings growth will offset it and continue to drive stocks higher. Featured: The real story behind China's 'seizure' of US farmland (Colonial Metals) Markets Spirit Airlines Stock Nearly Doubled: Are Clear Skies Ahead? Transportation stocks typically indicate the economy's current state, while airline stocks gauge the consumer cycle's direction instead. Recently, shares of Spirit Airlines Inc. (NYSE: SAVE) have nearly doubled after the company struck a new deal to help keep its debt burden flexible ahead of bond... Read the Full Story From Our Partners Is Your Portfolio Ready for KamalaEconomics? Kamala Harris is the official Democratic nominee, and with her comes a new era of economic policy. Is your portfolio prepared for the potential market shakeup? Discover the assets you need to protect your investments in uncertain times. By following the link above or using any of the links provided below, you're choosing to opt in to receive insightful updates from Wealth Creation Investing + 2 free bonus subscriptions! Your privacy is important to us. You can unsubscribe anytime. See our privacy policy for details. Download the Free Guide Now Markets Maximize Portfolio Income with These 3 Dividend ETFs Dividend stocks offer multiple benefits for retail investors: in addition to providing a steady stream of passive income which can be reinvested to boost portfolio performance, dividends are usually a signal that a company has strong stability. Companies focused on growth—or struggling to ma... Read the Full Story Markets Why Meta's Pre-Earnings Dip Could Be A Golden Entry Opportunity Meta Platforms Inc (NASDAQ: META) has been having a good year. Its ongoing rally, which kicked off around this time in 2022, is continuing to go from strength to strength and analysts are calling for even more gains ahead in the coming weeks. With an eye-watering market cap of $1.4 trillion, th... Read the Full Story From Our Partners Watch this before it gets removed If you missed it, my emergency election broadcast is now available - but will be removed soon Click here to watch it now. Stocks World stocks are mixed as Japan's Nikkei falls ahead of weekend election European markets opened lower on Friday while Asian stocks mostly advanced. Japan's benchmark declined as investors awaited the outcome of an election on Sunday. Germany's DAX dropped 0.1% at 19,417.91. In Paris, the CAC 40 lost 0.4% to 7,473.20. Britain's FTSE 100 edged 0.1% lower to 8,258.16. The ... Read the Full Story Markets Rocket Lab Stock Soars Higher: Can It Keep Climbing? Space stocks have had plenty of reasons to soar this fall. Non-public Elon Musk venture SpaceX completed a significant flight test of its Starship in October, while NASA's Europa Clipper departed for Jupiter's moon. Meanwhile, AST SpaceMobile Inc. (NASDAQ: ASTS) has skyrocketed by nearly 800% in t... Read the Full Story From Our Partners Biden to Launch "FedNOW" [Move Your Money Now] Earlier this year President Biden signed the death warrant for America… Executive Order 14067 will essentially cancel your money. You see Biden and the Fed have teamed up to create a controllable, traceable, programmable digital currency to replace the dollar... Get your free information kit NOW, before it's too late. Markets Talen Energy: A Nuclear Power Stock That Can Keep Winning Nuclear energy companies have been big winners in the stock market thus far in 2024, and Talen Energy (NASDAQ: TLN) is no exception. The stock has provided investors with a total return of 186% this year, and some analysts on Wall Street see a big upside remaining in the mid-cap utility stock. ... Read the Full Story Markets Average rate on a 30-year mortgage in the US rises again to highest level in nearly 3 months The average rate on a 30-year mortgage in the U.S. rose again this week, reaching its highest level in nearly three months. The rate rose to 6.54% from 6.44% last week, mortgage buyer Freddie Mac said Thursday. Despite the recent uptick, the average rate is down from a year ago, when it climbed to a... Read the Full Story Markets Southwest settles proxy fight with hedge fund as Q3 profit shrinks. American loses money Southwest Airlines reached a settlement with an activist investor by agreeing to overhaul its board, ending — at least for now — a monthslong fight with Elliott Investment Management, which is pressuring the airline to boost profits and the stock price.Chairman Gary Kelly and six current board membe... Read the Full Story Markets IMF chief warns that world risks falling into slow-growth rut and urges China to enact reforms The world economy, buffeted by conflict and growing geopolitical rivalries, is in danger of getting stuck in a slow-growth, high-debt rut, the head of the International Monetary Fund warned Thursday. She also urged Chinese leaders to take more decisive action to jump-start their country's sluggish e... Read the Full Story Markets Union Pacific's profit grows 9% as the railroad delivers more but results fall short of Wall Street When labor disputes disrupted operations at Canada's two largest railroads and ports up and down the East Coast, many companies shifted more of their shipments to the West Coast forcing railroads like Union Pacific and the ports there to react quickly.Union Pacific said Thursday that the result was ... Read the Full Story Friday's Early Bird Stock Of The Day A Stock With Insider Buying:Janux Therapeutics (NASDAQ:JANX) Janux Therapeutics, Inc., a clinical stage biopharmaceutical company, develops immunotherapies based on Tumor Activated T Cell Engagers (TRACTr) and Tumor Activated Immunomodulators (TRACIr) platforms technology to treat patients suffering from cancer. The company's clinical candidates comprise JANX007, a prostate-specific membrane antigen or PSMA-TRACTr, which is in Phase 1 clinical trial in adults for the treatment of metastatic castration-resistant prostate cancer (mCRPC) and the vascula... View Today's Stock Pick The Early Bird is a daily email newsletter powered by MarketBeat that covers the top stories that will impact the stock market each day. Read your copy every morning at 7:00 AM Eastern so that you can "catch the worm" when the market opens.   MarketBeat Media, LLC 345 N Reid Place, Suite 620, Sioux Falls, SD 57103. contact@marketbeat.com   Unsubscribe   View as a Web Page   Today's Bonus Content: Election warning coming true… If you missed it, my emergency election broadcast is now available - watch it before it's too late.