Luv stock price is holding around $31

LUV stock price is holding around $31.85 as investor focus turns to Southwest’s digital ticketing upgrades. Improved customer experience metrics may support revenue-per-seat-mile growth. Rising corporate earnings expectations are a bullish backdrop for stocks.  According to Bloomberg Intelligence, more than 22% of companies in the S&P 500 provided guidance for their Q3 earnings results that are expected to beat analysts’ expectations, the highest in a year.  Also, S&P companies are expected to post +6.9% earnings growth in Q3, up from +6.7% as of the end of May. Granted, median performance also means that LUV stock can perform better than expected or worse. The risk here is multi-dimensional. While the chance of upside is higher, the magnitude of upside represents more of a guessing game. Monitoring LUV stock price at $31.95 shows investor activity tied to macroeconomic consumer spending data. Strong GDP growth correlations historically benefit Southwest’s top-line performance.