Send me real-time posts from this site at my email

Air Lease (AL) Makes Aircraft Investments Worth $800 M in Q3

While announcing the update on aircraft investments, sales and new significant financing made by the company during the third quarter of 2021, Air Lease AL management stated that it spent

roughly $800 million during the period. Most investments were made during the second half of the quarter. However, no sale of aircraft was made by the currently Zacks Rank #3 (Hold) company, in the July-Sep period.

You can see the complete list of today’s Zacks # 1Rank (Strong Buy) stocks here.

While elaborating on aircraft investments during the three-month period, Air Lease stated that it delivered 16 new jets from its order book. The deliveries included one Airbus A320neo, six Airbus A321neos, seven Boeing 737-8s and two Boeing 737-9s. As of Sep 30, 2021, the company’s fleet included 370 owned aircraft and 89 managed aircraft with 320 new aircraft on order from Boeing and Airbus set to deliver through 2027.

On the finance front, Air Lease issued $1.1 billion of senior unsecured medium-term notes, which included $600 million of 0.8% senior unsecured medium-term notes due 2024 and $500 million of 2.10% senior unsecured medium-term notes due 2028.

Stocks to Consider

Investors interested in the Zacks Transportation sector may consider Schneider National SNDR, Landstar System LSTR and TFI International TFII, all stocks currently carrying a Zacks Rank #2 (Buy).

Long-term expected earnings per share (three to five years) growth rate for Schneider National, Landstar System and TFI International is pegged at 17.9%, 12% and 31.6%, respectively.

Tech IPOs With Massive Profit Potential

In the past few years, many popular platforms and like Uber and Airbnb finally made their way to the public markets. But the biggest paydays came from lesser-known names.

For example, electric carmaker X Peng shot up +299.4% in just 2 months. Think of it this way…

If you had put $5,000 into XPEV at its IPO in September 2020, you could have cashed out with $19,970 in November.

With record amounts of cash flooding into IPOs and a record-setting stock market, this year’s lineup could be even more lucrative.

See Zacks Hottest Tech IPOs Now >>

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Air Lease Corporation (AL): Free Stock Analysis Report
Landstar System, Inc. (LSTR): Free Stock Analysis Report
Schneider National, Inc. (SNDR): Free Stock Analysis Report
TFI International Inc. (TFII): Free Stock Analysis Report
To read this article on click here.
Zacks Investment Research

Welcome! Is it your First time here?

What are you looking for? Select your points of interest to improve your first-time experience:

Apply & Continue