Alaska
Should You Buy The Dip In Alaska Air Stock?
The shares of Alaska Air Group (NYSE: ALK) have misplaced 20% in worth since mid-April largely on account of skyrocketing inflation and the Fed’s counter measure of 50bps hike in funds price – triggering considerations of a slowdown in discretionary spending. As highlighted in our earlier article, Gasoline Hedges To Help Alaska Air Group’s Earnings In 2022, the corporate’s hedge place on 50% of the anticipated gas requirement for H1 2022 is prone to help the underside line. In Q1, hedges lowered the corporate’s gas value from $2.91/gallon to $2/gallon. Furthermore, robust passenger numbers at TSA checkpoints are a optimistic indicator for the highest line. Per the Trefis machine studying engine which analyzes historic inventory value actions, ALK inventory has a 51% probability of an increase over the subsequent month (21 buying and selling days). See our evaluation Alaska Air Inventory Probability of Rise for extra particulars.
5 Days: ALK -2.2%, vs. S&P 500 0.4%; Underperformed market (27% occasion likelihood)
- ALK inventory declined 2.2% over a five-day buying and selling interval ending 5/16/2022, in comparison with the broader market (S&P500) which remained pretty steady.
- Returns of -2.2% or decrease over a 5-day interval on 690 events out of 2516 (27%); Inventory rose within the subsequent 5 days in 345 of those 690 cases (50%).
Ten Days: ALK -13%, vs. S&P 500 -3.5%; Underperformed market (3% occasion likelihood)
- ALK inventory misplaced 13% during the last ten buying and selling days (two weeks), in comparison with the broader market (S&P500) which declined 3.5%.
- Returns of -13% or decrease over a 10-day interval on 80 events out of 2516 (3%); Inventory rose within the subsequent 10 days in 39 of those 80 cases (49%).
Twenty-One Days: ALK -19%, vs. S&P 500 -8.6%; Underperformed market (2% occasion likelihood)
- ALK inventory misplaced 19% during the last twenty-one buying and selling days (about one month), in comparison with the broader market (S&P500) which declined 8.6%.
- Returns of -19% or decrease over a 21-day interval on 49 events out of 2516 (2%); Inventory rose within the subsequent 21 days in 25 of those 49 cases (51%).
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Alaska
Alaska Jewish community prepares to celebrate start of Hanukkah
ANCHORAGE, Alaska (KTUU) – Rabbi Josef Greenberg and Esty Greenberg of Alaska Jewish Campus, joined Alaska’s News Source to explain more about Hanukkah and how Anchorage can celebrate.
They will be hosting Chanukah, The Festival of Lights for “Cirque De Hanukkah,” on Sunday, Dec. 29, at 5 p.m., at the Egan Center.
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Copyright 2024 KTUU. All rights reserved.
Alaska
A Christmas & Hannukah mix of winter weather
ANCHORAGE, Alaska (KTUU) – A variety of winter weather will move through Alaska as we go through Christmas Day and the first night of Hannukah.
A high wind warning started Christmas Eve for Ketchikan, Sitka, and surrounding locations for southeast winds 30-40, gusting to 60 miles per hour. Warnings for the combination of strong winds and snow go to the west coast, western Brooks Range, and Bering Strait.
Anchorage is seeing a low-snow Christmas. December usually sees 18 inches of snow throughout the month. December 2024 has only garnered a paltry 1.5 inches. Snow depth in the city is 7 inches, even though we have seen over 28 inches for the season. A rain-snow mix is likely to hit Prince William Sound, mostly in the form of rain.
A cool-down will start in the interior tomorrow, and that colder air will slip southward. By Friday, the southcentral region will see the chances of snow increase as the temperatures decrease.
The hot spot for Alaska on Christmas Eve was Sitka with 48 degrees. The coldest spot was Atqasuk with 23 degrees below zero.
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Copyright 2024 KTUU. All rights reserved.
Alaska
Santa catches a ride with troops to bring Christmas to Alaska village
YAKUTAT, Alaska — Forget the open-air sleigh overloaded with gifts and powered by flying reindeer.
Santa and Mrs. Claus this week took supersized rides to southeast Alaska in a C-17 military cargo plane and a camouflaged Humvee, as they delivered toys to the Tlingit village of Yakutat, northwest of Juneau.
The visit was part of this year’s Operation Santa Claus, an outreach program of the Alaska National Guard to largely Indigenous communities in the nation’s largest state. Each year, the Guard picks a village that has suffered recent hardship — in Yakutat’s case, a massive snowfall that threatened to buckle buildings in 2022.
“This is one of the funnest things we get to do, and this is a proud moment for the National Guard,” Maj. Gen. Torrence Saxe, adjutant general of the Alaska National Guard, said Wednesday.
Saxe wore a Guard uniform and a Santa hat that stretched his unit’s dress regulations.
The Humvee caused a stir when it entered the school parking lot, and a buzz of “It’s Santa! It’s Santa!” pierced the cold air as dozens of elementary school children gathered outside.
In the school, Mrs. Claus read a Christmas story about the reindeer Dasher. The couple in red then sat for photos with nearly all of the 75 or so students and handed out new backpacks filled with gifts, books, snacks and school supplies donated by the Salvation Army. The school provided lunch, and a local restaurant provided the ice cream and toppings for a sundae bar.
Student Thomas Henry, 10, said while the contents of the backpack were “pretty good,” his favorite item was a plastic dinosaur.
Another, 9-year-old Mackenzie Ross, held her new plush seal toy as she walked around the school gym.
“I think it’s special that I have this opportunity to be here today because I’ve never experienced this before,” she said.
Yakutat, a Tlingit village of about 600 residents, is in the lowlands of the Gulf of Alaska, at the top of Alaska’s panhandle. Nearby is the Hubbard Glacier, a frequent stop for cruise ships.
Some of the National Guard members who visited Yakutat on Wednesday were also there in January 2022, when storms dumped about 6 feet of snow in a matter of days, damaging buildings.
Operation Santa started in 1956 when flooding severely curtailed subsistence hunting for residents of St. Mary’s, in western Alaska. Having to spend their money on food, they had little left for Christmas presents, so the military stepped in.
This year, visits were planned to two other communities hit by flooding. Santa’s visit to Circle, in northeastern Alaska, went off without a hitch. Severe weather prevented a visit to Crooked Creek, in the southwestern part of the state, but Christmas was saved when the gifts were delivered there Nov. 16.
“We tend to visit rural communities where it is very isolated,” said Jenni Ragland, service extension director with the Salvation Army Alaska Division. “A lot of kids haven’t traveled to big cities where we typically have Santa and big stores with Christmas gifts and Christmas trees, so we kind of bring the Christmas program on the road.”
After the C-17 Globemaster III landed in Yakutat, it quickly returned to Joint Base Elmendorf-Richardson in Anchorage, an hour away, because there was nowhere to park it at the village’s tiny airport. Later, it returned to pick up the Christmas crew.
Santa and Mrs. Claus, along with their tuckered elves, were seen nodding off on the flight back.
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