LUV News & Events

Notable gainers among liquid option names this morning include United Airlines (UAL) $104.15 +9.12, Royal Caribbean (RCL) $290.08 +24.13, Norwegian Cruise Lines (NCLH) $21.73 +1.70, Southwest (LUV) $44.03 +3.40, and Carnival (CCL) $29.48 +2.17.

Southwest Airlines announced that Sabrina Callahan recently joined the airline as its first Chief Digital and Marketing Officer. Additionally, Nandika Suri joins as Vice President of Rapid Rewards to lead the Company's loyalty program. In her role, Sabrina will help shape the strategic path for the Company's marketing and digital strategy, enhancing the relationship between Southwest's Customers and its brand in an authentic, distinctly Southwest way. She will focus on growing the airline's Customer base and shaping how the brand shows up as the Company expands into new markets and offers Customers more options. By unifying the marketing funnel with digital platforms under one Leader, Southwest will bring reliability and ease to each interaction with the brand whether booking a flight, checking in, or on the journey itself. Sabrina brings experience driving growth and transformation across eCommerce, brand, and marketing for some of the world's most recognized companies, including Hilton, Walmart, and AT&T. Nandika will focus on strengthening the connection between Southwest and its Customers through the Company's loyalty program, Rapid Rewards, and delivering long-term value through new and evolving options. Nandika will lead the Rapid Rewards organization and work with partners across the Company to grow loyalty, increase program membership, and drive engagement, while advancing key partner relationships, including the co-brand portfolio. Nandika brings deep expertise in building and scaling world-class loyalty and rewards programs for leading travel and consumer brands, including Choice Hotels International, Under Armour, and United Airlines.

Stock futures are sharply higher with global markets posting their strongest gains in months. Markets are ripping higher in a relief rally as a geopolitical pivot has flipped sentiment. The announcement of a two-week ceasefire between the U.S., Iran and Israel before a key escalation deadline has triggered a broad risk-on move across global assets.Crude is down roughly 13%-17%, dropping back below $95 per barrel after briefly threatening much higher levels earlier this week. This is effectively reversing the inflation shock that had been tightening financial conditions throughout March and early April. Lower energy prices are easing pressure on consumers, corporates and central banks.Airlines, travel, and cyclicals are surging as fuel cost expectations collapse, while financials and tech are benefiting from falling yields and a weaker dollar. At the same time, energy stocks are under pressure, reflecting the unwind of the war premium that had built into crude. Now the pendulum has swung back toward disinflation and a more accommodative Fed path with rate-cut expectations creeping higher again into year-end.Notably, this rally is built on a temporary ceasefire and not a permanent resolution. The Strait of Hormuz is only partially reopening, and structural supply disruptions haven't fully cleared. Markets seem to be pricing in a best-case scenario again and any breakdown in talks could quickly reintroduce volatility.In pre-market trading, S&P 500 futures rose 2.68%, Nasdaq futures rose 3.52% and Dow futures rose 2.7%.Check out this morning's top movers from around Wall Street, compiled by The Fly.HIGHER -Bed Bath & Beyondup 9% after signing a letter of intent to acquire the equity interests and substantially all assets of F9 Brands,UP AFTER EARNINGS -Delta Air Linesup 12%RPMup 10%Aehr Test Sytemsup 6%UP AFTER U.S.-IRAN CEASEFIRE -United Airlinesup 13%Southwestup 11%Carnivalup 10%Royal Caribbeanup 9%Norwegian Cruise Lineup 8%Expediaup 5%DOWN AFTER U.S.-IRAN CEASEFIRE -Occidentaldown 8%Diamondback Energydown 8%Exxon Mobildown 5%Chevrondown 5%LOWER -Shelldown 4% after posting lower-than-expected Q1 guidance citing increased uncertainty due to the conflict in the Middle East

An 11th hour ceasefire just before President Trump's 8:00pmET deadline for Iran to reopen the Strait of Hormuz has served up an offramp to Middle East tension that roiled the markets for over a month and upon which investors had been counting on over several recent winning sessions.  Following Trump's announcement of the deal on Truth Social that the bombing of Iranian infrastructure would be suspended pending the "complete, immediate, and safe" opening of Strait of Hormuz, along with separate reports that Iranian officials have agreed to the ceasefire proposal brokered by Pakistan negotiators, S&P e-mini futures are up over 2% above 6,800, Nasdaq 100 futures are up 2.4% above 25,000, while WTI Crude Oil is down by nearly $20 below $92 per barrel.  The sharp rise in risk-appetite has also dented the U.S. Dollar and sent precious metals firmer, with Gold futures above 4,845 and Silver above $77 per ounce.Check out this evening's top movers from around Wall Street, compiled by The Fly.HIGHER AFTER EARNINGS -Skillsoft Corp.up 23.4%Phoenix Education Partnersup 9.2%Levi Straussup 7.3%ALSO HIGHER -Airlines / Cruise Lines higher on Iran ceasefire news: Delta Airlinesup 4.9%, United Airlinesup 6.5%, American Airlinesup 5.6%, Southwest Airlinesup 5.1%, Royal Caribbeanup 4.2%, Carnivalup 6.5%, Viking Holdingsup 4.6%.Nutanixup 2.2% after announcing increase to buybackDOWN AFTER EARNINGS -Kura Sushi USAdown 5.5%