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The Latest Breaking News from ASTR

The airline industry is crippled with a lack of human resources and macroeconomic headwinds. Therefore, Virgin Galactic (SPCE) and Astra Space (ASTR) might be best avoided now, considering their weak fundamentals. Keep reading.

StockNews.com

3 Airline/Space Stocks Still Experiencing Turbulance in 2023

The airline industry has been struggling with macroeconomic issues, which is expected to keep fundamentally weak stock Spirit Airlines (SAVE) under pressure in the near term. In addition, while the space economy may command a significantly high valuation in the long run, the near-term prospects look beak on Virgin Galactic…

StockNews.com

1 Airline Stock to Buy Right Now and 2 to Sell

The airline industry witnessed a significant recovery last year thanks to robust demand, which is expected to continue in 2023. Given the sound prospects of the airline sector, investors should consider buying quality airline stock, Copa Holdings (CPA). However, Virgin Galactic (SPCE) and Astra Space (ASTR) might be best avoided…

StockNews.com

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1 Airline Stock to Buy in 2023 and 2 to Sell Short

The airline industry seems well-positioned to grow significantly in the foreseeable future, thanks to pent-up travel demand. Hence, fundamentally strong airlines stock Southwest Airlines (LUV) could be a wise addition to one’s portfolio. However, amid macroeconomic headwinds and the industry’s post-pandemic challenges, fundamentally weak stocks Spirit Airlines (SAVE) and Astra…

StockNews.com

5 Stocks You'll Be Happy You Didn't Buy in 2022

The Fed is expected to keep hiking rates as inflation is yet to be brought under control. Amid rising recession odds, it could be best to avoid fundamentally weak stocks Roblox (RBLX), Palantir Technologies (PLTR), Snap (SNAP), Blink Charging (BLNK), and Astra Space (ASTR) in 2022. Read on….

StockNews.com

5 Penny Stocks to Sell Before They Hit Zero

With the Fed’s meeting hot on the heels of an estimate-beating inflation figure, the market has braced itself for an aggressive interest rate hike. This spells trouble for beaten-down penny stocks whose underlying businesses look set to remain starved of funds required to keep them going. Thus, given their bleak…

StockNews.com

Prepare for Hard Landings if You Own These 2 Stocks

The Fed’s aggressive interest rate hikes and the increasing odds of a recession have kept the stock market under pressure. Although the space sector’s long-term prospects look bright, looming supply chain disruptions and inflation could dampen its performance in the near term. Thus, we think it could be wise to…

StockNews.com

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3 Space Stocks That Aren't Ready for Takeoff Right Now

Although the space industry holds long-term promise as a domain with infinite possibilities, the progress of businesses in this sector has been hampered by short-term macro issues. Hence, it could be best to avoid beaten-down space stocks Maxar Technologies (MAXR), Virgin Galactic (SPCE), and Astra Space (ASTR) until they return…

StockNews.com

2 Beaten-Down Space Stocks To Avoid Now

Although the space industry is evolving rapidly, broader macroeconomic issues like supply chain disruptions and inflation could dampen industry growth. So, it could be best to avoid beaten-down space stocks Astra Space (ASTR) and Virgin Galactic (SPCE) now, given their bleak fundamentals. Read on….

StockNews.com

3 Airline Stocks Still Losing Altitude in 2022

Airline stocks move with economic cycles, and the recent sluggishness in the economy has caused many of them to decline. Higher fuel costs and cooling consumer demand have also affected the industry. Given the industry’s current downtrend and poor growth prospects, we think it could be wise to avoid losing…

StockNews.com

Astra Space Trading Near All-Time Lows – Bargain or Bust?

Shares of aerospace company Astra Space (ASTR) witnessed a sell-off after reports of a failed mission earlier this month. The stock is now trading near its 52-week low. Would it be wise to invest in it now? Read on to find out.

StockNews.com

3 Satellite Stocks Wall Street Predicts Will Have Meteoric Rallies

Analysts expect the Space industry to foster a $1 trillion market by 2040. Moreover, the ongoing war in Ukraine is expected to create opportunities for the United States in the commercial space market. Given this scenario, Wall Street analysts see satellite stocks BlackSky Technologies (BKSY), Astra Space (ASTR), and Planet…

StockNews.com

4 Space Stocks to Avoid Like the Plague: Virgin Galactic, Astra, Redwire, and AST SpaceMobile

Space stocks continue to underperform the broader market, given the industry’s bleak near-term prospects. Therefore, amid the current, highly volatile market conditions, we think it could be wise to avoid fundamentally weak space stocks Virgin Galactic (SPCE), AST SpaceMobile (ASTS), Astra Space (ASTR), and Redwire (RDW). Read on to learn…

StockNews.com

BofA Securities Analyst Downgrades Astra, Citing Botched Rocket Launch And Probe Of Leadership

Bank of America Securities downgraded Astra Space Inc (NASDAQ: ASTR) to Underperform and lowered its price target from $7 to $4 based on the company’s repeated problems with rocket launches and an ongoing criminal investigation of two executives.

Benzinga

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news in one place.

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StockNews.com

3 Space Stocks with More Than 40% Upside Potential, According to Wall Street

After a landmark 2021, the global space industry is projected to grow significantly in 2022 owing to advances in technology, a decline in launch costs, and increased private- and public-sector investments. Wall Street analysts are currently betting on the shares of Kratos Defense & Security (KTOS), Maxar Technologies (MAXR), and…

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