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Keeta is a high-performance layer-1 blockchain designed to unify transactions across different blockchains and fiat payment systems, eliminating the need for costly intermediaries, reducing fees, and enabling near-instant settlements. With 400-millisecond transaction finality and the ability to process 10 million transactions per second, Keeta sets a new industry benchmark for speed and scalability.  Founded in 2022 and backed by Eric Schmidt, the former CEO of Google, Keeta has been engineered to meet the stringent regulatory and operational requirements of financial institutions. Its advanced on-chain compliance protocols, including KYC and AML, ensure security and regulatory adherence. Keeta’s architecture natively supports asset tokenization and digital identity, making it an ideal platform for stablecoins and real-world asset transfers.  By facilitating cross-chain transactions and interoperability with existing payment systems, Keeta bridges the gap between cryptocurrencies and fiat, enabling a secure, efficient, and compliant global financial ecosystem.

Keeta

Keeta is rapidly gaining attention as its integration with Bridge, a Stripe company, now enables seamless fiat-to-crypto transactions via traditional banking rails like ACH and SEPA. The community is buzzing about Keeta's compliance-first architecture, designed for institutional flows, and its validated ability to handle over 11 million transactions per second. This positions Keeta as a critical, yet currently undervalued, Layer 1 infrastructure poised to reshape global financial plumbing by bridging traditional finance with the digital asset world.

NIO, Inc. is a holding company which engages in the design, manufacture, and sale of electric vehicles. Its products include the EP9 supercar and ES8 7-seater SUV. It provides users with home charging, power express valet services, and other power solutions including access to public charging, access to power mobile charging trucks, and battery swapping. It also offers other value-added services such as service package, battery payment arrangement, and vehicle financing and license plate registration. The company was founded by Bin Li and Li Hong Qin on November 28, 2014 and is headquartered in Jiading, China.

NIO Inc - ADR

NIO Inc

NIO is trending after reporting record-high monthly and quarterly vehicle deliveries and nearing its one-millionth cumulative vehicle milestone, demonstrating robust growth in the competitive EV sector. The community is actively discussing perceived market manipulation preventing the stock from reflecting these strong fundamentals, while eagerly anticipating future profitability and expansion of its unique battery swap network.

Palantir Technologies, Inc. engages in the business of building and deploying software platforms that serve as the central operating systems for its customers. It operates through the Commercial and Government segments. The Commercial segment focuses on customers working in non-government industries. The Government segment is involved in providing services to customers that are the United States government and non-United States government agencies. Its platforms are widely used in areas such as defense, intelligence, healthcare, energy, and financial services, supporting data integration, large-scale analytics, and operational decision-making. The company was founded by Alexander Ceadmon Karp, Peter Andreas Thiel, Stephen Cohen, Joseph Lonsdale, and Nathan Dale Gettings in 2003 and is headquartered in Denver, CO.

Palantir Technologies Inc - Ordinary Shares - Class A

Palantir Technologies Inc

Palantir (PLTR) is trending amid widespread speculation of its critical involvement in a recent, successful US military operation in Venezuela. The community is buzzing with discussions that Palantir's AI and data analytics platforms were instrumental in the "seamless" mission, fueling bullish sentiment around its defense and national security applications. While many anticipate significant gains based on this perceived strategic importance in geopolitics, others express caution about market volatility.

Bitcoin is the world's first decentralized cryptocurrency, created in 2009 by the pseudonymous Satoshi Nakamoto. It enables peer-to-peer electronic cash transactions without intermediaries like banks or governments, operating on a blockchain secured by Proof of Work mining and the SHA-256 cryptographic algorithm.   With a fixed supply cap of 21 million coins and programmatic halvings every four years that reduce miner rewards, Bitcoin is designed as a deflationary digital asset often called "digital gold." Its value stems from solving the double-spending problem without trusted intermediaries, creating the first truly scarce digital asset with censorship resistance and permissionless access that no government, corporation, or individual can control.  Bitcoin operates as a decentralized peer-to-peer network where transactions are recorded on a public ledger called the blockchain, distributed across thousands of computers globally. Transactions are grouped into blocks added approximately every 10 minutes through mining, where specialized computers compete to solve complex mathematical puzzles.   Bitcoin has achieved mainstream adoption through multiple vectors. The January 2024 SEC approval of 11 spot Bitcoin ETFs opened Bitcoin investment to traditional finance participants, and corporations like Strategy (formerly MicroStrategy) are using Bitcoin as a treasury reserve asset to protect against currency debasement, offering MSTR holders amplified exposure to Bitcoin.   The Bitcoin ecosystem continues to evolve with innovations like Ordinals, which emerged in January 2023 to enable NFT-like functionality directly on Bitcoin, and BRC-20 tokens, an experimental standard for creating fungible tokens using Ordinal inscriptions. BTCFi (Bitcoin Finance) represents emerging financial applications extending beyond Bitcoin's traditional role, with protocols like Babylon allowing Bitcoin holders to stake BTC to secure Proof of Stake chains.

Bitcoin

Bitcoin is experiencing strong upward momentum, driven by significant short liquidations and heightened speculation around geopolitical events potentially impacting its supply. The community remains sharply divided, with many anticipating new all-time highs while others caution against a 'bull trap' after the rapid ascent. This dynamic underscores Bitcoin's role as digital gold within a complex and evolving financial landscape.

Micron Technology, Inc. engages in the provision of innovative memory and storage solutions. It operates through the following segments: Compute and Networking Business Unit (CNBU), Mobile Business Unit (MBU), Embedded Business Unit (EBU), and Storage Business Unit (SBU). The CNBU segment includes memory products and solutions sold into client, cloud server, enterprise, graphics, and networking markets. The MBU segment is involved in memory and storage products sold into smartphone and other mobile-device markets. The EBU segment focuses on memory and storage products sold into automotive, industrial, and consumer Markets. The SBU segment consists of SSDs and component-level solutions sold into enterprise and cloud, client, and consumer storage markets. The company was founded by Ward D. Parkinson, Joseph Leon Parkinson, Dennis Wilson, and Doug Pitman on October 5, 1978 and is headquartered in Boise, ID.

Micron Technology Inc.

Micron Technology Inc

Micron Technology is trending strongly amid broad analyst optimism and its critical position in the burgeoning high-bandwidth memory (HBM) market for AI. The investment community is actively discussing its compelling valuation, highlighted by a relatively low forward P/E ratio, suggesting a significant re-rating from a cyclical memory supplier to an indispensable AI infrastructure component.

Navitas Semiconductor Corp. engages in the development of ultra-efficient gallium nitride (GaN) semiconductors. Its GaN power ICs integrate GaN power with drive, control and protection to enable charging, power density, and energy savings for mobile, consumer, enterprise, eMobility and new energy markets. The company was founded by Daniel Kinzer, Nick Fichtenbaum, Gene Sheridan, and Jason Zhang on August 12, 2020 and is headquartered in Torrance, CA.

Navitas Semiconductor Corp

Navitas Semiconductor is trending as its high-efficiency GaN and SiC power solutions are seen as critical for next-generation AI data centers, particularly aligning with industry leaders like NVIDIA's 800VDC architecture. The community is intensely debating the stock's substantial short interest, fueling anticipation of a significant short squeeze and potential breakthrough announcements.

StarkNet is a permissionless decentralized Layer 2 (L2) validity rollup, built to allow Ethereum to scale via cryptographic protocols called STARKs, without compromising Ethereum’s core principles of decentralization, transparency, inclusivity and security. The StarkNet Token is needed to operate the ecosystem, maintain and secure it, decide on its values and strategic goals, and direct its evolution. This token will be required for (i) governance, (ii) payment of transaction fees on StarkNet, and (iii) participation in StarkNet’s consensus mechanism.

Starknet

Starknet is trending due to a surge in Bitcoin staking, positioning it as a leading platform for BTCFi, alongside its core advancements as a quantum-resistant ZK-Rollup. The community is actively discussing its undervalued status compared to other Layer 2 solutions, highlighting its superior technology and native Account Abstraction as key drivers for future growth and a strong accumulation sentiment.

Critical Metals Corp. engages in the mining, exploration, and development of lithium metals. It owns Wolfsberg Project and Tanbreez Project. The company was founded on October 24, 2022 and is headquartered in British Virgin Islands.

Critical Metals Corp.

Critical Metals Corp. is a major talking point as geopolitical focus intensifies on Greenland's strategic rare earth deposits, highlighted by U.S. administration comments and the appointment of a special envoy. The community widely discusses the potential for government investment or partnership, viewing CRML's Tanbreez project and its promising drilling results as vital for Western supply chain independence from key mineral producing nations.

Hedera is a decentralized public network where developers can build secure, fair applications with near real-time consensus. The platform is owned and governed by a council of global innovators including Avery Dennison, Boeing, Deutsche Telekom, DLA Piper, FIS (WorldPay), Google, IBM, LG Electronics, Magalu, Nomura, Swirlds, Tata Communications, University College London (UCL), Wipro, and Zain Group.   The Hedera Consensus Service (HCS) acts as a trust layer for any application or permissioned network and allows for the creation of an immutable and verifiable log of messages. Application messages are submitted to the Hedera network for consensus, given a trusted timestamp, and fairly ordered. Use HCS to track assets across a supply chain, create auditable logs of events in an advertising platform, or even use it as a decentralized ordering service.

Hedera Hashgraph

Hedera Hashgraph is a key talking point as the community weighs its established enterprise focus against the emerging Keeta ($KTA), which boasts validated, exceptionally high throughput and compliance-first infrastructure for global financial plumbing. Discussions are centered on how Keeta's new integrations with regulated banking rails via Stripe could complement or challenge HBAR's position in the evolving digital asset landscape.

Chevron Corp. engages in the provision of oil and gas energy solutions. It provides crude oil and natural gas, manufactures transportation fuels, lubricants, petrochemicals, and additives, and develops technologies that enhance business and the industry. It operates through the Upstream and Downstream segments. The Upstream segment consists of the exploration, development, and production of crude oil and natural gas, the liquefaction, transportation, and regasification associated with liquefied natural gas, the transporting of crude oil by major international oil export pipelines, the processing, transporting, storage, and marketing of natural gas, and a gas-to-liquids plant. The Downstream segment consists of the refining of crude oil into petroleum products, the marketing of crude oil and refined products, the transporting of crude oil and refined products by pipeline, marine vessel, motor equipment, and rail car, and the manufacturing and marketing of commodity petrochemicals and plastics for industrial uses and fuel & lubricant additives. The company was founded on September 10, 1879 and is headquartered in Houston, TX.

Chevron Corp.

Chevron (CVX) is trending due to the U.S. government's recent actions in Venezuela, including the capture of President Maduro and statements about U.S. involvement in the nation's vast oil reserves. As the sole major U.S. oil company with existing operations and a special license in Venezuela, the community is buzzing with speculation about significant upside potential, while some express caution regarding possible oversupply impacting crude prices.

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Transportation ETF (FTXR) Touches New 52-Week High 

FTXR hits a new 52-week high, up 54.6% from its low, as transport-sector optimism and a sharply higher dividend drive momentum.

ETFs That Stand to Benefit From the Historic UNP-NSC Merger

UNP's $85B buyout of NSC could lift ETFs like IYT, SUPL, HWAY and FTXR - each with notable stakes in the merging rail giants.

FedEx Shares Slip After Fiscal Q4 Earnings: ETFs in Focus

FDX tops Q4 estimates but falls over 5% on weak guidance, shaking ETFs with high FedEx exposure like SUPL and IYT.


Ford Motor Stock: Is Wall Street Bullish or Bearish?

Ford Motor has trailed the broader market over the past year, and analysts are skeptical about the stock’s future prospects.

Ford Motor Stock: Analyst Estimates & Ratings

Ford Motor has underperformed the broader market over the past year, and analysts are cautious about the stock’s prospects.

General Motors (GM) is recalling certain 2023-2024 Cadillac LYRIQ all-wheel drive vehicles, according to the National Highway Traffic Safety Administration (NHTSA). The agency said the anti-lock brake system (ABS) of the vehicles may activate unexpectedly and release brake pressure in the vehicle's service brake system.A release of brake pressure can cause a loss of braking ability, increasing the risk of a crash, it explained.The NHTSA further notified that the electronic brake control module software will be updated through an over-the-air update or by a dealer, free of charge. According to the agency, owner notification letters are expected to be mailed September 23. The potential number of units affected amounts to 21,469. Reuters had earlier <a href="https://www.reuters.com/business/autos-transportation/gm-recall-over-21000-us-electric-suvs-over-braking-concerns-2024-08-13/">reported</a> the story.Following the development, retail sentiment on Stocktwits continued to trend in the ‘neutral’ territory (45/100) but inched-down from yesterday’s score of (53/100).<figure class="image"><a href="https://stocktwits.com/symbol/GM"><img style="aspect-ratio:960/267;" src="https://st-everywhere-cms-prod.s3.us-east-1.amazonaws.com/Screenshot_2024_08_13_at_1_08_32_PM_0e79aa72ca.png" alt="GM sentiment meter as of 12:36 p.m. EST on August 13, 2024" width="960" height="267"></a><figcaption>GM sentiment meter as of 12:36 p.m. EST on August 13, 2024</figcaption></figure>The negative news appeared to have been offset by reports that the firm is busy conducting an overhaul in China.On Monday, Bloomberg <a href="https://www.bloomberg.com/news/articles/2024-08-13/gm-cuts-china-jobs-as-it-resets-in-world-s-biggest-car-market">reported</a> that the auto-major has been cutting jobs in China and is set to meet its local partner SAIC to work out a larger restructuring of its operations. The report further stated that the lay-offs are happening in market-related departments that include research and development.The company is now reportedly focussing on producing electric vehicles and upscale models while trimming factory capacity.Recently, CFO Paul Jacobson reportedly said at an auto conference that he doesn’t necessarily accept the notion that the firm is struggling to make money there. However, second-quarter earnings tell a different story. GM reported China equity loss of $104 million during the quarter-ended June 30, 2024, compared to a profit of $78 million in the same quarter a year ago.Retail investors remain undecided on the fate of the stock as they digest both the reports. However, a much-awaited restructuring of the firm’s Chinese operations appears to have provided some optimism to investors regarding the company’s long-term prospects.

General Motors is recalling certain 2023-2024 Cadillac LYRIQ all-wheel drive vehicles

GM Retail Investors Caught Between Recall Woes And China Restructuring Buzz

While a recall of over 21,000 vehicles left a bad taste, an earlier report indicating restructuring of China operations appears to have offset much of the negative sentiment

Equity

Retail sentiment soured for Southwest Airlines and American Airlines after the firms reported their quarterly earnings. Let’s take a look at what did not work for the airlines this time.1. Southwest Airlines: The firm reported a 46.3% decline in its second quarter net income at $367 million while stating that it is taking urgent and deliberate steps to mitigate near-term revenue challenges and implement longer-term transformational initiatives. Operating revenue came in at a record $7.35 billion, in line with the Street estimate while earnings per share (EPS) came in at $0.58, higher than an estimate of $0.52.Meanwhile, the revenue per available seat mile (RASM) decreased 3.8% year-over-year (YoY). Following the results announcement, shares of the firm fell over 6% in Thursday’s pre-market session but stabilized during market open. Retail sentiment soured following the significant decline in profits with the sentiment meter trending in the bearish territory (38/100) supported by high message volume. What is noteworthy is the fact that the firm’s third quarter forecast has not done anything to alleviate the negative sentiment. Southwest Airlines said it expects third quarter unit revenue to be in the range of flat to down 2% on a year-over-year (YoY) basis with capacity up roughly 2% YoY.<figure class="image"><img style="aspect-ratio:1564/464;" src="https://st-everywhere-cms-prod.s3.us-east-1.amazonaws.com/Screenshot_2024_07_25_at_9_28_29_AM_243f946dbb.png" alt="Retail sentiment in bearish territory for Southwest Airlines" width="1564" height="464"><figcaption>Retail sentiment trends in bearish territory for Southwest Airlines</figcaption></figure>2. American Airlines: Shares of the airline fell over 3% in Thursday’s pre-market trading after the firm said it expects full-year adjusted earnings per share to come in between $0.70 and $1.30, which is lower than the forecast of $2.25 to $3.25 a share made in April. The latest guidance stands below a Street estimate of $1.10 to $2.60.“American has taken aggressive action to improve its revenue performance, however, the company’s previous sales and distribution strategy will continue to impact its revenue performance and earnings through the remainder of the year,” the firm said. Following the announcement, retail sentiment was trending in the bearish territory for the stock (29/100) supported by extremely high message volumes.Meanwhile, the airline reported an adjusted earnings per share of $1.09 compared to a Street estimate of $1.06. The firm reported a record quarterly revenue of $14.33 billion as compared to a Street estimate of $14.4 billion.American Airlines clarified that the firm has taken swift and aggressive action to reorient its sales and distribution strategy in ways that continue to be customer-centric, while addressing feedback from corporate and agency partners. Earlier, the airline’s plan to push for more direct sales instead of third-party bookings had reportedly angered many travel agencies.<figure class="image"><img style="aspect-ratio:1602/468;" src="https://st-everywhere-cms-prod.s3.us-east-1.amazonaws.com/Screenshot_2024_07_25_at_9_29_57_AM_93b5e9a1d9.png" alt="Retail sentiment trends in bearish territory for American Airlines" width="1602" height="468"><figcaption>Retail sentiment trends in bearish territory for American Airlines</figcaption></figure>Photo Courtesy: Forsaken Films on Unsplash

Wall Street Is Unhappy With Southwest Airlines, American Airlines After Q2 Earnings: But What’s Retail Thinking?

Retail sentiment soured for Southwest Airlines and American Airlines after the firms reported their quarterly earnings. Let’s take a look at what did not work for the airlines this time.

Southwest Airlines, American Airlines Disappoint Wall Street After Q2 Earnings

Retail sentiment was trending in the bearish territory for both companies after they reported second-quarter earnings. While Southwest reported a significant decline in net income, American Airlines came out with a disappointing forecast.

Shares of Ford Motor Co fell over 13% during Thursday’s pre-market session after the company’s second quarter earnings came in lower than Street expectations. Earnings per share came in at $0.47 compared to a Street expectation of $0.68. Net income dropped nearly 5% year-over-year (YoY) to $1.83 billion.However, revenue came in at $47.81 billion, higher than a Street estimate of $44.88 billion.&nbsp; Despite the disappointing earnings, retail sentiment trended in the extremely bullish territory (81/100), possibly based on expectations of a comeback.<figure class="image"><img style="aspect-ratio:1568/436;" src="https://st-everywhere-cms-prod.s3.us-east-1.amazonaws.com/Screenshot_2024_07_25_at_8_43_56_AM_f93076aa61.png" alt="Retail sentiment trends in extremely bullish zone for Ford Motor Co" width="1568" height="436"><figcaption>Retail sentiment trends in extremely bullish zone for Ford Motor Co</figcaption></figure>Ford pointed out that profitability was affected by an increase in warranty reserves but efforts to lift the quality of new products are starting to pay off.The auto-maker said expectations for the full-year 2024 adjusted earnings before interest and tax (EBIT) remained unchanged at $10 billion to $12 billion. Investors, however, were expecting the company to raise its guidance.Ford President and CEO Jim Farley said that the company’s restructuring plan Ford+ is on track. The company, meanwhile, declared a third-quarter regular dividend of $0.15 per share, payable September 3 to shareholders of record at the close of business on August 7.From a segmental basis, the company’s traditional business Ford Blue reported an EBIT of $1.17 billion while its commercial business Ford Pro reported an EBIT of $2.56 billion. The firm stated that demand by commercial customers for Super Duty trucks and Transit commercial vans is outstripping production capacity.The Ford Model e reported an EBIT loss of $1.14 billion amid ongoing industry-wide pricing pressure on first-generation electric vehicles and lower wholesales. These factors more than offset about $400 million in year-over-year cost reductions in the segment, the company said. An anticipated full-year loss of $5 billion to $5.50 billion for Ford Model e is unchanged, with continued pricing pressure and investments in next-generation electric vehicles, it added.The stock is currently trading at a price-to-earnings of 14.09. Stocktwits users, meanwhile, are talking about the cheap valuation of the stock. One user named “JDR1983” believes the stock deserves a much higher multiple than its current valuation.<figure class="image"><a href="https://stocktwits.com/JDR1983/message/580634528"><img style="aspect-ratio:1546/454;" src="https://st-everywhere-cms-prod.s3.us-east-1.amazonaws.com/Screenshot_2024_07_25_at_8_45_03_AM_d79594ae9f.png" alt="Stocktwits user JDR1983's post on Ford" width="1546" height="454"></a><figcaption>Stocktwits user JDR1983's post on Ford</figcaption></figure> Photo Courtesy: Nadine Shabana from Unsplash

Retail Shrugs-Off Ford’s Huge Earnings Miss: But Wall Street Hammers The Stock

Earnings per share came in at $0.47 compared to a Street expectation of $0.68. Net income dropped nearly 5% year-over-year (YoY) to $1.83 billion. 

Earnings per share came in at $0.47 compared to a Street expectation of $0.68. Net income dropped nearly 5% year-over-year (YoY) to $1.83 billion. However, revenue came in at $47.81 billion, higher than a Street estimate of $44.88 billion.


GM’s second quarter earnings saw two things happen simultaneously that drew retail interest toward the stock and pushed Stocktwits sentiment toward an extreme. The firm topped Wall Street expectations on multiple metrics and also raised its forecast for the year.The automaker reported a revenue of $47.97 billion during the quarter, higher than a Street estimate of $45.46 billion. Adjusted earnings per share (EPS) came in at $3.06, beating an estimate of $2.75. GM’s revenue was 7.20% higher on a year-over-year (YoY) basis while its EPS was up over 60%.Following the announcement, shares of the company were trading over 4% higher on Tuesday morning in the pre-market session. Retail sentiment entered extremely bullish territory (79/100) from a previously neutral zone, supported by high message volume.<figure class="image"><img style="aspect-ratio:790/231;" src="https://st-everywhere-cms-prod.s3.us-east-1.amazonaws.com/Screenshot_2024_07_23_at_9_21_48_AM_26e9fe7e16.png" alt="Retail sentiment trends in extremely bullish territory for GM" width="790" height="231"><figcaption>Retail sentiment trends in extremely bullish territory for GM</figcaption></figure>As far its 2024 guidance is concerned, the firm now expects to post an adjusted diluted EPS of $9.50-$10.50 as compared to an earlier guidance of $9-$10. GM said it expects adjusted earnings before interest and tax to come in at $13 billion-$15 billion compared to an earlier guidance of $12.50 billion-$14.50 billion. Adjusted automotive free cash flow is expected at $9.5 billion-$11.50 billion as compared to previous guidance of $8.50 billion-$10.50 billion.Only the net income guidance figure saw a minor downward correction with the firm estimating the metric between $10 billion-$11.40 billion as compared to an earlier guidance of $10.10 billion-$11.50 billion. Notably, the firm’s China operations recorded an equity loss of $104 million.Meanwhile, the automaker has decided to indefinitely delay the production of its Cruise Origin autonomous vehicle. GM CEO Mary Barra said in a letter to shareholders that the Cruise team will simplify their path to scale by focusing their next autonomous vehicle on the next-generation Chevrolet Bolt, instead of the Origin. “This addresses the regulatory uncertainty we faced with the Origin because of its unique design. In addition, per-unit costs will be much lower, which will help Cruise optimize its resources,” she said.Bank of America analyst John Murphy has raised the price target on the stock to $85 from $75 while maintaining a ‘Buy’ rating. Given that the stock is currently trading below the $50 mark, the price target leaves an upside potential of over 71% for the stock.

Retail Investors Go Crazy Over GM Stock After Solid Q2 Earnings, Guidance: But That’s Not All

Automaker GM reported a revenue of $47.97 billion during the quarter, higher than a Street estimate of $45.46 billion.

GM Stock Drew Retail Interest after Q2 earnings

The automaker has decided to indefinitely delay the production of its Cruise Origin autonomous vehicle. The Cruise team will simplify their path to scale by focusing their next autonomous vehicle on the next-generation Chevrolet Bolt, instead of the Origin.

Shares of United Airlines were trading over 1% higher on Thursday after the firm reported an upbeat set of earnings for the second quarter. The firm announced earnings per share of $4.14 compared to a Street estimate of $3.93. Revenue came in at $14.99 billion, slightly lower than an estimate of $15.06 billion. Retail sentiment brightened for the stock with the sentiment meter traveling deep into extremely bullish territory (84/100) supported by a one-year high in message volumes.<figure class="image"><img style="aspect-ratio:778/230;" src="https://st-everywhere-cms-prod.s3.us-east-1.amazonaws.com/Screenshot_2024_07_18_at_2_09_57_PM_6684c62f70.png" alt="Retail sentiment trends in extremely bullish territory for United Airlines" width="778" height="230"><figcaption>Retail sentiment trends in extremely bullish territory for United Airlines</figcaption></figure>United said its premium revenue grew 8.50% in the second quarter versus the same quarter last year, while the Basic Economy revenue grew 38% year-over-year (YoY).The airline witnessed a 27.20% YoY rise in its operating income during the quarter to $1.93 billion. Meanwhile, net income rose 23.10% YoY to $1.32 billion. The company reiterated expectations of full-year 2024 adjusted diluted earnings per share of $9-$11.United Airlines CEO Scott Kirby said multiple airlines have begun to cancel loss-making capacity, and the firm expects leading unit revenue performance among our largest peers in the second half of the third quarter. “United has long been preparing for the moment when industry-wide domestic capacity would adjust - it's now clear that the inflection point is just 30 days away,” he said.The airline has reduced its debt by voluntarily prepaying the remaining $1.80 billion outstanding balance of the MileagePlus term loan with a nearly 11% interest rate during July.Meanwhile, TD Cowen has increased the price target on the airline stock to $80 from $65. The firm has a ‘Buy’ rating on the stock. Given that United Airlines is currently trading near the $47 mark, the new price target leaves a potential upside of 41%.A Stocktwits user named ‘Thelonetrader’ expressed optimism about the stock, saying it could reach $60 per share.<figure class="image"><a href="https://stocktwits.com/Thelonetrader/message/579867971"><img style="aspect-ratio:788/210;" src="https://st-everywhere-cms-prod.s3.us-east-1.amazonaws.com/Screenshot_2024_07_18_at_2_11_22_PM_e64870909a.png" alt="Stocktwits user Thelonetrader's post on United Airlines" width="788" height="210"></a><figcaption>Stocktwits user Thelonetrader's post on United Airlines</figcaption></figure>

United Airlines Topped Analyst Estimates On Earnings, Pushes Retail Sentiment Deeper Into Extremely Bullish Territory

United Airlines announced earnings per share of $4.14 compared to a Street estimate of $3.93. Retail sentiment brightened for the stock with the sentiment meter traveling deep into the extremely bullish territory.

United Airlines announced earnings per share of $4.14 compared to a Street estimate of $3.93. Retail sentiment brightened for the stock with the sentiment meter traveling deep into extremely bullish territory (84/100), supported by a one-year high in message volumes.

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