Futures Fall as Oil Prices Extend Surge; IEA Says ‘Largest Supply Disruption’ in History

How the Iran War Could Affect Your Summer Airfare: What You Need to Know and When to Book

FROM 14 minutes ago

Book your summer flights now. That’s the advice of travel experts watching the cascading effects on airline fares from the Iran war.

Jet fuel has climbed more than a third above its prewar price, and airlines are already repricing summer routes in real time.1 United Airlines (UAL) CEO Scott Kirby warned the hit to ticket prices would “probably start quick.”2 Airfares were already increasing before hostilities began, jumping 6.5% in January alone.3 Now carriers are layering on fuel surcharges for international routes and hiking business-class fares first, knowing those travelers won’t blink.

The summer booking window you’d normally wait for—that 15-to-45-day sweet spot before departure—is probably too late this year, travel experts warn. Waiting is a gamble not just on unpredictable events in the Middle East but that airlines will lower prices they’re likely to raise in the meantime.

Read the full article here.

–Peter Gratton

Here’s How Much Adobe Stock Is Expected to Move After Earnings

FROM 36 minutes ago

Adobe is set to report earnings after the market closes Thursday, with traders anticipating a big move from the Photoshop maker’s stock following the results.

Based on current options pricing, traders expect Adobe (ADBE) stock could move up to 7% in either direction by the end of the week. A move of that size from Wednesday’s close could lift the stock close to $293, recovering some of its recent losses. The low end of that range could drag the stock below $255.

Adobe shares have lost about a fifth of their value since the year began, amid a broader pullback in software stocks on concerns about disruption from AI. Oppenheimer analysts downgraded Adobe’s stock in January, saying it exemplifies many of the major challenges facing the application software industry.

Jefferies analysts warned ahead of the results that they don’t see many catalysts appearing in the near term, and that Adobe could continue to face pressure from growing competition.

Adobe is projected to report adjusted earnings per share of $5.87 on a 10% year-over-year jump in revenue to $6.28 billion for it fiscal first quarter, according to estimates collected by Visible Alpha.

Wall Street analysts are divided on the stock. Of the 12 analysts with current ratings tracked by Visible Alpha, just five recommend buying the shares, compared to four neutral and three “sell” ratings. Still, their average price target of $368 would suggest nearly 35% upside from Wednesday’s close.

–Aaron McDade

Stock Futures Fall as Oil Prices Extend Surge

FROM 1 hour ago

Futures contracts connected to the Dow Jones Industrial Average were down 0.5%.

S&P 500 futures were 0.4% lower.

Nasdaq 100 futures also pointed down 0.4%.