Three stocks are making significant moves today: American Airlines, UnitedHealth Group Inc., and Marathon Oil Corporation.
American Airlines revised its second-quarter adjusted earnings guidance to $1 to $1.15 per share, down from the previous range of $1.15 to $1.45 per share. The company also expects its operating margin to be approximately one percentage point lower than anticipated. This downward revision indicates challenges in revenue per available seat mile, which has impacted investor confidence in the airline’s near-term performance.
The company’s Medicaid business has been undergoing a prolonged redetermination cycle, and some disturbances are expected around this process. The acquisition includes Marathon’s assets in North Dakota’s Bakken oilfield, Oklahoma’s Scoop Stack, Texas’s Eagle Ford , and New Mexico’s Permian Basin. This deal is part of a more significant consolidation trend in the US energy sector, aiming to consolidate valuable shale resources.Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors.
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Source: CNBC - 🏆 12. / 72 Read more »