Following U.S. Stocks may claim a “BIG Change” in the course of current trading session: Rock-Tenn Corporation (NYSE:RKT), Kinder Morgan, Inc. (NYSE:KMI), American Airlines Group Inc. (NASDAQ:AAL)
At 9:50AM, Rock-Tenn Corporation (NYSE:RKT), with shares declined -1.21%, is now trading at $63.72, Kinder Morgan, Inc. (NYSE:KMI), with shares gained 0.48%, is now trading at $42.26, and American Airlines Group Inc. (NASDAQ:AAL), with shares dipped -3.07%, and is now trading at $51.16.
Headlines regarding these Stocks are depicted underneath:
American Airlines Group Inc. (NASDAQ:AAL)
Deutsche Bank cut its rating on American Airlines Group Inc. (AAL)’s stock to “hold” from “buy,” based on its prediction of weaker-than-predictable international sales and other factors.
Formerly on March 24, the company declared at the Annual Medal of Honor Foundation Event Luncheon that it has expanded its fuel conservation program, Fuel Smart. The program is employee driven and contributes a portion of savings generated to Air Compassion for Veterans (ACV), totaling more than $3.5 million since the partnership began in 2010.
ACV is a non-profit program that provides free air transportation to injured veterans, active duty military and family members traveling for medical, rehabilitative care and veteran’s programs.
American Airlines Group (AAL) is the holding corporation for American Airlines and US Airways. Together with wholly owned and third-party regional carriers operating as American Eagle and US Airways Express, the airlines operate an average of nearly 6,700 flights per day to 339 destinations in 54 countries from its hubs in Charlotte, Chicago, Dallas/Fort Worth, Los Angeles, Miami, New York, Philadelphia, Phoenix and Washington, D.C.
Kinder Morgan, Inc. (NYSE:KMI)
Kinder Morgan, Inc. (KMI), declared a 50-50 joint venture with Keyera Corp. (KEY.TO) to build a new crude oil storage terminal in Edmonton, Alberta. The joint venture owners have reached long-term, firm take-or-pay contracts with strong, creditworthy customers to build 4.8 million barrels of crude oil storage at a new facility called the Base Line Terminal. KMI’s investment in the joint venture terminal is about CAD$342 million (comprises capitalized interest) for an initial 12 tank build-out, with commissioning predictable to start in the second half of 2017. Separately, KMI will invest up to an additional CAD$69 million outside the joint venture for connecting pipelines and related infrastructure for a total project investment of about CAD$411 million. The terminal is under development on land owned by Keyera and will be operated by Kinder Morgan.
The Base Line Terminal will be connected via pipeline to Kinder Morgan’s Edmonton terminals and will be capable of sourcing all crude streams handled by Kinder Morgan for delivery to multiple destinations, counting, but not limited to, Kinder Morgan’s Trans Mountain Pipeline and two Edmonton rail terminals, and other major export pipelines.
Kinder Morgan, Inc. (KMI) is the largest energy infrastructure corporation in North America. It owns an interest in or operates about 84,000 miles of pipelines and 180 terminals. The corporation’s pipelines transport natural gas, gasoline, crude oil, CO2 and other products, and its terminals store petroleum products and chemicals, and handle bulk materials like coal and petroleum coke.
Rock-Tenn Corporation (NYSE:RKT)
Rock-Tenn Corporation (RKT), lowered its guidance for the just-ended fiscal second quarter, with the paperboard manufacturer citing poor winter weather and lower promotional activity, among other factors.
The company, declared that it anticipates to report adjusted earnings per share for its fiscal second quarter ending March 31, 2015, in the range of $0.70 to $0.75 per share, contrast to the previous guidance of $0.80 to $0.90 per share.
The corporation’s corrugated packaging business continues to perform well. Corrugated container shipments have grown during the quarter as contrast to the preceding year periods. Container shipments for the combined January and February 2015 period raised by 7.2% on an average week basis and 2.1% on an actual shipment basis. These volume raises exceeded comparable industry stated statistics by more than 200 basis points. Our container shipments for the March interim period reflecting shipments through March 27, 2015, were about 2.5% higher than average per day container shipments in March 2014.
RockTenn will host its second quarter earnings conference call on Thursday, April 30 at 9:00 a.m. EDT. RockTenn will release its second quarter fiscal 2015 results after the market close on Wednesday, April 29, 2015.
RockTenn (RKT) is one of North America’s leading providers of packaging solutions and manufacturers of containerboard and paperboard. RockTenn’s 27,000 employees are committed to surpassing their customers’ expectations — every time. The corporation operates locations in the United States, Canada, Mexico, Chile and Argentina.
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