Latest news with #TomDoxey
Yahoo
28-05-2025
- Business
- Yahoo
Southwest Airlines to Present at the TD Cowen Future of the Consumer Conference
DALLAS, May 28, 2025 /PRNewswire/ -- Southwest Airlines Co. (NYSE: LUV) has been invited to speak at the TD Cowen Future of the Consumer Conference. TD Cowen will be webcasting the audio presentation live, and a link to the webcast will be made available via the Investor Relations homepage on the Southwest Airlines website. Details of the audio webcast are as follows: Date: June 4, 2025 Time: 11:45am ET Speaker: Tom Doxey, Executive Vice President and Chief Financial Officer Web Address: To access the live audio webcast and subsequent replay, click on the link above, or go to and click on "Investor Relations" under the "About Southwest" menu at the bottom of the page. The audio webcast can be found under "News & Events" in the drop down menu. View original content: SOURCE Southwest Airlines Co. Sign in to access your portfolio
Yahoo
27-05-2025
- Business
- Yahoo
AMD, Block upgraded: Wall Street's top analyst calls
The most talked about and market moving research calls around Wall Street are now in one place. Here are today's research calls that investors need to know, as compiled by The 5 Upgrades: HSBC upgraded AMD (AMD) to Hold from Reduce with a price target of $100, up from $75. The firm cites the recent re-rating of the shares on the back of the Saudi artificial intelligence deal and tariff de-escalation for the upgrade. BNP Paribas Exane upgraded Block (XYZ) to Outperform from Neutral with a $72 price target. The company's guidance for mid-teens gross profit growth acceleration in Q4 looks attainable as headwinds fade, such as high comps in bitcoin and continued pressure in the cash business, the firm tells investors in a research note. Jefferies upgraded Southwest (LUV) to Hold from Underperform with a price target of $33, up from $24, after having met with CEO and Vice Chair Bob Jordan and CFO Tom Doxey. Southwest laid out $1.8B of initiatives to hit EBIT in FY25, including $1B from tactical changes of yield/inventory management, new distribution channels, cuts to underperforming cities, and new intentional connections, notes the firm, which cites growing confidence in realizable initiatives for the upgrade. Truist upgraded Wingstop (WING) to Buy from Hold with a price target of $400, up from $274. The firm has increased confidence that Wingstop's same-store-sales will trough in Q1 and accelerate in 2026, with Truist card data pointing to improved trends in May. JPMorgan upgraded MSC Industrial (MSM) to Overweight from Neutral with a price target of $89, up from $73. MSC Industrial is a "turnaround story where growth has been a challenge," the firm says, adding that it sees potential support coming from tariff-driven price along with short cycle industrial end markets "that have appeared to remain stable on net. Top 5 Downgrades: Barclays downgraded CoreWeave (CRWV) to Equal Weight from Overweight with a price target of $100, up from $70. The firm continues to like the role Coreweave is playing in the new generative artificial intelligence world, but after a 157% rally since the initial public offering, Barclays says the stock's valuation "could be stretched to move higher off fundamentals in the near term." BTIG downgraded Globus Medical (GMED) to Neutral from Buy without a price target. On the Q1 earnings call, Globus provided a number of reasons why it missed estimates, but there were "nagging fears that there could be foundational cracks" in the base Spine business a year past the NuVasive integration, the firm tells investors in a research note. Baird downgraded Leidos (LDOS) to Neutral from Outperform with a price target of $163, down from $176. The firm believes headline risk across government services names is set to continue in the coming months, coupled with a weaker bookings' environment that started to emerge since Q1. Truist downgraded Jack in the Box (JACK) to Hold from Buy with a price target of $22, down from $51. The firm says that following another quarter of same-store-sales underperformance and upcoming promotions at competitors, it does not see near-term same-store sales catalysts driving the stock higher, despite Jack in the Box's "historically low valuation. " Oppenheimer downgraded Prothena (PRTA) to Perform from Outperform without a price target based on the Phase 3 AFFIRM-AL trial for birtamimab in amyloid light chain amyloidosis that failed to meet the primary endpoint of all-cause mortality. Jefferies and Cantor Fitzgerald also downgraded Prothena to Neutral-equivalent ratings. Top 5 Initiations: Benchmark initiated coverage of SanDisk (SNDK), which was spun out of Western Digital (WDC) in February, with a Buy rating and $58 price target. SanDisk is a leading manufacturer of flash memory, which is "a highly cyclical business," and the firm believes a cyclical upturn has begun that it thinks will extend into 2026. Piper Sandler initiated coverage of SoundHound (SOUN) with an Overweight rating and $12 price target. With its voice artificial intelligence platform, SoundHound is a direct play on the AI revolution, the firm tells investors in a research note. Deutsche Bank initiated coverage of Immunocore (IMCR) with a Buy rating and $65 price target. The firm says Immunocore's current valuation offers a favorable risk/reward where Kimmtrak's "niche" in metastatic uveal melanoma provides a "floor valuation" with expansion into second-line cutaneous melanoma providing upside. Wells Fargo initiated coverage of Expro (XPRO) with an Overweight rating and $12 price target. The firm says that compared to many small-cap capital oilfield service companies, Expro possesses very modest U.S. onshore exposure. Northland initiated coverage of Fold Holdings (FLD) with an Outperform rating and $10 price target. With over 600,000 active and 76,000 verified accounts, Fold serves as a key point of entry for consumers to engage with and integrate Bitcoin into their everyday lives, argues the firm, which views the company as "well-positioned" to take advantage of growing bitcoin adoption.
Yahoo
24-05-2025
- Business
- Yahoo
Why Southwest Airlines Lost Altitude Today
Southwest shares fell after the company said it is yet to see a rebound in demand. The company's comments appear to be at odds with statements from rivals, raising questions about whether this is in part a Southwest-specific issue. 10 stocks we like better than Southwest Airlines › Southwest Airlines (NYSE: LUV) has not yet seen a rebound in demand for travel, disappointing investors who had been hoping for a quick turnaround. Southwest shares fell as much as 4.5% when comments were made by the company's CFO before rebounding somewhat and trading down 1% as of 2:30 p.m. ET. Airline stocks are highly cyclical in nature. When budgets get tight, it is easier to skimp on travel than the grocery bill, meaning airlines tend to see demand fall when the broader economy is under pressure. Several airlines withdrew or scaled back full-year guidance during earnings season, complaining of a surprise collapse in demand late in the first quarter. There was some hope the collapse would be short-lived. Southwest CFO Tom Doxey, speaking Thursday at a Wall Street conference, said, "We have not seen in the industry an inflection back" toward more robust demand. Doxey said unit revenue in the first quarter was about three points worse than what they had expected heading into 2025, and second-quarter unit revenue is trending toward about six points worse than what was expected. That's not good news, and there is some reason for investors to worry it is a Southwest-specific issue. A day earlier, United Airlines Holdings said it was seeing a "stable" revenue and booking environment heading into the busy summer travel season. Investors shouldn't make too much of the Southwest/United comparison, as they were slightly different questions, but Southwest could indeed be a standout to the downside. The company is early in the process of revamping its business model, including getting rid of popular features, including free checked bags. Although Southwest said it has not seen a consumer backlash so far, it is possible consumers are booking elsewhere. Even in the best-case scenario, Southwest is a company in transition during a dangerous period for the industry. Investors have every reason to be cautious as the summer travel season plays out. Before you buy stock in Southwest Airlines, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Southwest Airlines wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $644,254!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $807,814!* Now, it's worth noting Stock Advisor's total average return is 962% — a market-crushing outperformance compared to 169% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of May 19, 2025 Lou Whiteman has no position in any of the stocks mentioned. The Motley Fool recommends Southwest Airlines. The Motley Fool has a disclosure policy. Why Southwest Airlines Lost Altitude Today was originally published by The Motley Fool
Yahoo
15-05-2025
- Business
- Yahoo
Southwest Airlines to present at the Wolfe Research Global Transportation & Industrials Conference
DALLAS, May 15, 2025 /PRNewswire/ -- Southwest Airlines Co. (NYSE: LUV) has been invited to speak at the Wolfe Research Global Transportation & Industrials Conference. Wolfe Research will be webcasting the audio presentation live, and a link to the webcast will be made available via the Investor Relations homepage on the Southwest Airlines website. Details of the audio webcast are as follows: Date: May 22, 2025 Time: 10:35am ET Speaker: Tom Doxey, Executive Vice President and Chief Financial Officer Web Address: To access the live audio webcast and subsequent replay, click on the link above, or go to and click on "Investor Relations" under the "About Southwest" menu at the bottom of the page. The audio webcast can be found under "News & Events" in the drop down menu. View original content: SOURCE Southwest Airlines Co.
Yahoo
31-03-2025
- Business
- Yahoo
Southwest Makes Another Big Change After Free Bags Dustup
Southwest Airlines, already under fire for getting rid of its free checked bags perk for most customers, is quietly making another change. According to Inc., it involves a process known as "fuel hedging," which is the idea of having a financial team that figures out when to buy future jet fuel at predetermined prices, ensuring against the risk that prices will later rise." Inc. reported that Southwest is now moving away from the practice, which gave passengers an advantage over the years. In fact, on its website, Southwest posted a lengthy article that extols the smartness and benefits of fuel hedging and expressly tying the practice to its previous ability to offer free checked bags. "From 1998 to the summer of 2008, Southwest saved an estimated $3.5 billion over what it would have spent if it had paid the industry average for jet fuel," the website says. Over the years, the practice has allowed the airline to offer "low-cost air travel." But now executives are talking a different tune. 'With the exception of a couple of positive years, it's not been beneficial to the company' for years, CEO Bob Jordan told The Wall Street Journal. 'The discontinuation of our fuel hedging program is another step along our path to transforming our business. This change will result in significant savings in hedge premiums as we move forward,' Tom Doxey, Southwest's CFO, said to WSJ. This comes on the heels of the airline's free checked bag change. "For reservations booked and ticketed or changed on or after May 28, 2025, checked baggage fees will apply. We will offer two free checked bags to our Rapid Rewards A-List Preferred Members and Business Select® Customers, and one free checked bag to A-List Members and other select Customers. Southwest® will credit the first checked bag for Rapid Rewards Credit Cardmembers. Weight and size limits apply," Southwest says on its website. Sign in to access your portfolio
