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Bank of America Securities (BofA) analyst Andrew G. Didora has adopted a more positive outlook on U.S. airlines ahead of second-quarter earnings, citing strong demand, stable fares, and lower fuel prices as key sector supports. BofA noted that spring fare increases have mostly persisted, and stable summer capacity is e
The Department of Transportation said on Tuesday that U.S. regulators are moving to allow civilian supersonic flights over the continental United States for the first time in decades, advancing a plan to lift limits imposed because of sonic booms. FAA Sets Path For Supersonic Flights The Federal Aviation Administration
Boeing Co.’s (NYSE: BA ) commercial and military aircraft production was significantly disrupted coast-to-coast by an unplanned IT outage on Monday, the crucial final day of the financial quarter for the aerospace giant. Outage Hits Factories Across Boeing Network According to a report by The Air Current, widespread co
Bank of America (BofA) Securities on Monday downgraded Doximity Inc. (NYSE: DOCS ), citing limited clarity on the trajectory of revenue/margins. During its latest fiscal year, Doximity reported mixed results for the fourth quarter and issued soft annual guidance. The company in an investor call said, “With short-term d
Warby Parker Inc. (NYSE: WRBY ) stock rose Monday as investors rotated into growth stocks and the Consumer Discretionary sector led the broader market. The Nasdaq gained 1.34%, while the S&P 500 advanced 1.12%. Adding to Monday’s positive sentiment, Bank of America (BofA) initiated coverage of Warby Parker on Monday wi
Axon Enterprise Inc. (NASDAQ: AXON ) stock traded higher on Monday morning, following a report stating that President Donald Trump purchased up to $5 million worth of company shares. The acquisition occurred two weeks before U.S. Immigration and Customs Enforcement (ICE) introduced a $220 million procurement plan that
ServiceNow (NYSE: NOW ) stock is in focus Monday morning after the company, in collaboration with Accenture (NYSE: ACN ), launched new AI-powered services designed to accelerate migration from legacy risk platforms to agentic AI. Joint Cybersecurity Expansion The joint offering consists of two primary components: manag
The U.S. Global Jets ETF (NYSE: JETS ), the most widely watched gauge of global aviation, climbed 13.5% in June. That’s the best performance of any U.S. industry ETF over the last month. The move carried the fund above its pre-Covid highs for the first time, closing at $33.28 last Friday — territory it last held in Dec