Dow Jones Today: Stock Futures Inch Higher as Trump Extends Deadline on Tariffs
What Analysts are Saying About Airlines Ahead of Earnings
49 minutes ago
Delta Air Lines (DAL) is scheduled to release its second-quarter results Thursday, setting the tone for other carriers like United Airlines (UAL), Southwest Airlines (LUV), and American Airlines (AAL), each set to report later this month.
Analysts from Bank of America, UBS and Morgan Stanley said in recent notes that they expect Q2 results will be unsurprising after a difficult first half of the year for airline stocks, with third-quarter outlooks more likely to move shares.
“The message from airlines in 2Q25 has been one of stability, a theme we see in many of the demand indicators we follow,” Bank of America analysts wrote. “As such, we expect 2Q25 results to be largely in line with outlooks.”
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Morgan Stanley analysts wrote Monday that the second quarter “arguably shaped up better than feared” following warnings from several airlines about declining demand. However, they added that “there is no question that cracks remain in the macro even if the industry is not falling apart” and “below the relatively calm surface, danger may lurk.”
UBS analysts said they “we see potential for sluggish updates from airlines from their 2Q prints and forward outlooks,” and cut their full-year profit estimates for Delta and United to “reflect a more cautious view on the pace of improvement in demand and RASM performance.”
Delta is expected to report adjusted earnings per share of $2.05 on revenue of $16.38 billion, each lower than a year ago, according to estimates compiled by Visible Alpha. Analysts tracked by the investment research firm are bullish on Delta’s stock, with 10 “buy” ratings and just one “hold,” and an average price target of $58.18, 16% higher than Monday’s closing price.
Tesla Levels to Watch After Monday’s Sell-Off
1 hr 42 min ago
Tesla shares were higher in premarket trading after tumbling Monday following news CEO Elon Musk plans to start a new political party, reigniting concerns that his attention will turn away from running the EV maker and that a public feud with President Trump will escalate.
Tesla shares gained 23% in the second quarter, but are 18% below last month’s high amid escalating tensions between Musk and Trump over the president’s mega tax and spending bill. After Musk announced the formation of the “America Party” on Saturday, Trump posted on his Truth Social platform that Musk had gone “off the rails.”
Tesla shares broke down from a flag earlier this month before shifting gear to retest the pattern’s lower trendline late last week. However, selling accelerated in Monday’s trading session, with the stock falling to its lowest level since early June.
Moreover, the relative strength index registered its lowest reading since early June, confirming weakening price momentum in the EV maker’s stock.
Investors should watch key support levels on Tesla’s chart around $285, $265 and $225, while also monitoring vital overhead areas near $318 and $365.
Tesla shares were up about 1% at around $297 in recent premarket trading, after falling nearly 7% yesterday to lead S&P 500 decliners.
Read the full technical analysis piece here.
S&P 500, Nasdaq Futures Point Higher
2 hr 21 min ago
Futures tied to the Dow Jones Industrial Average were down less than 0.1%.
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S&P 500 futures were up 0.1%.
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Nasdaq 100 futures added 0.3%.
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