Today’s Research Reports on Stocks to Watch: American Airlines and TripAdvisor
American Airline’s CEO Doug Parker was filled with optimism on Thursday and made a declaration at a conference with reporters and analysts that the airline would never lose money again. The company also announced yesterday that it has partnered up with Casper to create sleep products. Shares of TripAdvisor closed down despite any big news from the company. Earlier in the week the company’s CEO defended criticism from analysts at the Forum.
RDI Initiates Coverage on:
American Airlines Group Inc.
American Airlines Group Inc. shares closed up 1.37% on a little over 8.3 million shares traded. The company’s CEO Doug Parker made a bold statement yesterday and said, "I don’t think we’re ever going to lose money again. We have an industry that’s going to be profitable in good and bad times." He made the statement at a meeting with analysts and reporters and at the conference, also detailed a plan that will help the airline increase revenue by $3.9 billion over the course of four years. The plan includes more seats on planes and more deals with credit companies. In other news the company announced a new partnership with Casper to create eight new sleep products designed to improve in-flight slumber including a mattress pad that goes over your seat, a lumbar pillow as well as a regular pillow, and a blanket.
Access RDI’s American Airlines Group Inc. Research Report at:
TripAdvisor, Inc. shares closed down 3.53% on a little over 2.5 million shares traded yesterday. The world’s largest travel site, which has 400 million monthly visits as of this year, has been criticized by analysts. The company’s margins have been falling every year since 2009. On Wednesday, CEO Steve Aufer spoke at the Forum and responded to the criticism in the company’s defense and said, "Travelers are happy with what we’re doing. They’re not asking for whiz-bang feature, something here, something there. They’re looking for help planning the trip. And to that, we’ve done a great job helping to build those trip memories.”
Access RDI’s TripAdvisor, Inc. Research Report at:
Our Actionable Research on American Airlines Group Inc. (NASDAQ: AAL) and TripAdvisor, Inc. (NASDAQ: TRIP) can be downloaded free of charge at Research Driven Investing.
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