Last week, Grupo Aeroportuario del Centro Norte S.A. de C.V. (OMAB) announced a decrease of 12.4% in total passenger traffic for October, compared to the year-ago period.   Domestic passenger traffic decreased 11.6%, while international passenger traffic decreased 17% compared to October 2008.   The decline in domestic passenger traffic resulted mainly from the suspension of Aviacsa (suspended since July 6, 2009), the departure from the markets of Alma and Aladia, and a reduction in traffic on Interjet and Magnicharter. The Monterrey, Acapulco, and Ciudad Juarez airports also had the largest traffic reductions.   International traffic decreased principally because of the cancellation of international routes by Continental, Grupo Aeromexico, and Alaska Airlines, in addition to the suspension of Aviacsa. The Monterrey, Mazatlan, Acapulco, and San Luis Potosi airports were the most affected.   Airlines all over the world are facing difficulties, primarily due to the collapse of the ...

JetBlue Airways Corporation (NASDAQ:JBLU) needs no introduction to Master Picks subscribers.  UBS upgraded five major airline stocks on Friday and of course left out JetBlue.  Thus the Masters are once again going to bat for JetBlue, which happens to be the only airline company that has 1.1 million followers on Twitter, more than any company except Whole Foods (...

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Monday August 3, 2009

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Raytheon Company (NYSE: RTN) received a $9.9 million contract to perform concept studies for the U.S. Navy’s Air and Missile Defense Radar (AMDR). This radar suite will consist of an S-band radar; X-band radar; and radar suite controller. The system will be scalable to meet the Navy’s current and future mission requirements across multiple ship platforms.

STMicroelectronics (NYSE: STM), a top-three player in automotive semiconductors, garnered the Automotive Supplier of the Year 2008 Award from Continental, one of the world’s leading car-equipment manufacturers. Continental chose ST for its excellent supplier performance in all key aspects, including Technology, Cost Competitiveness and

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Federal Reserve Chairman Ben Bernanke’s assessment that the economy is showing signs of stabilization and better-than-expected earnings report from companies pushed the Dow Jones industrial average to its highest level in six months even as the session remained volatile and most stocks seesawed. Reports of losses at a number of regional banks had financials stocks under pressure.  Bernanke’s prediction of rising unemployment was also a reason for the subdued tone on the Street.  In his testimony on the Hill, Bernanke warned that "even if the economy begins to turn up in terms of production, unemployment is going to say high for quite a while, so it's not going to feel like a really strong economy."

The Dow Jones industrial average ended up 68 points, or 0.8% and the broader S&P 500 index edged up 3 points, or 0.4%, its highest close in 8 months. The tech-heavy NASDAQ added 7

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