Brad Smith, joined by Yahoo Finance Anchor Julie Hyman, takes a closer look at some of today's trending tickers.

Frontier (ULCC) pulled its full-year outlook due to the "uncertain environment."

UBS raises Newmont Corporation (NEM) to Buy, citing strong cash returns and a supportive macro landscape.

To watch more expert insights and analysis on the latest market action, check out more Wealth here.

Video Transcript

00:00 Speaker A

Now time for some of today's trending tickers. We're watching Frontier Group holdings and Newman Corporation. Joining me now, we've got Yahoo Finance market domination co-host, Julie Heman. First up, Frontier Group holdings, the parent company of Frontier Airlines is joining Delta Airlines by pulling its full-year outlook due to quote uncertain environment. The airline will also cut flights amid weakening demand here. This is something that we could hear from several of the airline players this end of this season.

00:41 Julie Heman

Yes. Yes. So this is the second one after Delta. But let's be clear here. Frontier is a very different story that is Delta. Delta obviously full cost airline. Frontiers a budget airline and one that has really been struggling. So this is not a new issue for the company. Let's go through the quickly what they're saying here. Indeed, they pulled their outlook. They said the revenue in the first quarter was likely up by 5%, but the company is also saying its first quarter loss could be as much as 24 cents. The prior forecast had been for profit of as much as 7 cents. Um, and the company talked about fair discounting promotions across the industry. Um, and the company said it's also made worse because of these so-called close in nature of frontier bookings. In other words, people don't book way out in advance as much for the frontier flights. They're booking closer to the time of travel. And so if they are making a more spur of the moment decision based on current conditions, well, maybe they're less likely to buy that ticket. Now, Brad, as you know, there's been some interesting stuff going on in the low cost and of the airline industry. Frontier had been trying for years to buy Spirit. Spirit most recently said no to Frontier. When it was in bankruptcy, which was as recently as February, the stock frontier that is peaked in February. Since then it's down by nearly 70%. Um, so it's really seen a big drop here. Um, and it coincided around that time that that it was making that last ditch effort to buy Spirit. Remember Spirit went into bankruptcy then came out of bankruptcy. So Frontier is definitely not the only airline that's having trouble. It's definitely not the only low cost airline that has seen some difficulties in this environment.

03:43 Speaker A

Yeah, from what we've been hearing, at least early innings of the earning season, especially from the airlines players, it's going to be a capacity hit potentially too as they're looking across the number of routes that they're flying and needing to kind of scale down just a little bit in this near-term uncertain period of time.

04:08 Julie Heman

Right, exactly. I mean something that when we've talked to airline analysts, they talk about something that could potentially help the airlines in some ways is that close in versus further out thing I was talking about. Like if you're flying on Delta for example, or another of the full cost airlines, when you make plans for a trip, I mean at least many people you're planning out six months, at least three months in advance, right? And so you've already made your trip plans before this latest bout of uncertainty and volatility. Right. But if you're doing a more spur of the moment trip on a lower cost airline, Right.

05:08 Speaker A

Booking three days to three or six days. Exactly.

05:14 Julie Heman

Three weeks, whatever it is. Yeah, exactly. Uh, let's also talk about this next one here. Gold producer Newman Corporation getting an upgrade to buy from neutral at UBS. The firm citing the company's strong cash returns and supportive macro environment for gold here that the basis for their upgrade to buy.

05:47 Julie Heman

Yeah, and they're going to a price target here of $60. Um, you know, you would think that the gold miners really track closely to gold, but that's not always the case. And with Newmont in particular, the shares have lagged the price of gold. Now, the analysts over at Newmont are also getting more bullish on gold prices. They're targeting $3,500 an ounce in 2026. But Newmont hasn't really kept pace with what we've seen from gold. The analyst there say this could potentially change. One of the things they're looking at is that the company's in their words has a poor operational track record. It has missed production and cost guidance for the last five years. That's been one of the reasons it's lagged gold prices. However, they say that the company is now building their operational skills back up, building back up their credibility in terms of meeting their targets here, and that they are making progress in that direction in part by giving more conservative guidance that is achievable in the view of these analysts. So something to keep an eye on here. Um, you know, obviously gold has been very popular recently, Brad, because people are looking for what they perceive as safety. And there's also been some discussion about whether the miners will catch that updraft too.

07:41 Speaker A

Yeah. All right, we're going to hear more from Newmont on Wednesday, April 23rd. That's when they report earnings. Julie, thanks for helping me break these down. You can scan the QR code below to track the best and worst performing stocks of the session with Yahoo Finance's trending ticker page.  Related Videos

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