Alaska Air Group Inc
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Industrials : Airlines | Mid Cap Value
Company profile

Alaska Air Group, Inc. is the holding company of Alaska Airlines (Alaska), Virgin America Inc., Horizon Air (Horizon) and other business units. The Company operates through three segments: Mainline, Regional and Horizon. Its Mainline segment includes Alaska's and Virgin America's scheduled air transportation for passengers and cargo throughout the United States, and in parts of Canada, Mexico, Costa Rica and Cuba. Its Regional segment includes Horizon's and other third-party carriers' scheduled air transportation for passengers across a shorter distance network within the United States under capacity purchased arrangements (CPAs). Its Horizon segment includes the capacity sold to Alaska under CPA. Alaska and Virgin America operate fleets of narrowbody passenger jets. As of December 31, 2016, it maintained two frequent flyer plans: the Alaska Airlines Mileage Plan and the Virgin America Elevate.

Closing Price
$40.59
Day's Change
0.90 (2.27%)
Bid
--
Ask
--
B/A Size
--
Day's High
41.32
Day's Low
38.90
Volume
(Above Average)
Volume:
2,675,840

10-day average volume:
2,278,915
2,675,840

UPDATE: Warren Buffett said this metric signaled the 2001 crash -- now it's sounding the alarm on global markets

10:30 am ET August 15, 2020 (MarketWatch)
Print

By Shawn Langlois, MarketWatch

A sell signal is flashing on Buffett's favorite indicator

Warren Buffett once wrote that investors would have seen the dot-com crash coming from a mile away had they paid attention to what he described in a Fortune article in 2001 as "probably the best single measure of where valuations stand at any given moment."

Known in investing circles as the "Buffett Indicator," the measure is simply the total market cap of all U.S. stocks relative to the country's GDP. When it's in the 70% to 80% range, it's time to throw cash at the market. When it moves above 100%, it's time to lean toward risk-off.

Apply that yardstick worldwide, and, as you can see by this chart from Die Welt market analyst Holger Zschaepitz, a sell signal is flashing. In fact, the indicator just broke through a 30-month high:

(https://twitter.com/Schuldensuehner/status/1292372040494833664)

Over the past two decades, global markets have taken big hits on three occasions after the ratio broke into triple digits -- In 2000, 2008 and again in 2018.

Meanwhile, drilling down into the market in the U.S., where stocks are holding up strong in the face of the coronavirus pandemic, shows the indicator is up in all-time record territory.

Yet, for now, the U.S. stock market keeps churning out gains. At last check, the Dow Jones Industrial Average was up more than 200 points, while both the S&P 500 and Nasdaq Composite were also firmly in the green in Wednesday's session.

As for Buffett, he's been much more active of late, having faced criticism for his lack of maneuvering during the coronavirus meltdown. Still, Berkshire (BRKA) , despite ramping up buybacks and building its position in Bank of America (BAC) , sits on $146.6 billion in cash.

-Shawn Langlois; 415-439-6400; AskNewswires@dowjones.com

(END) Dow Jones Newswires

August 15, 2020 10:30 ET (14:30 GMT)

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