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Airline Stocks Are Flying High

Today we take a look at American Airlines (AAL) and Delta Air Lines (DAL)

Airline stocks are extending their recent gains after the removal of mask mandates on air travel and public transportation, following ruling from federal judge in Florida.

The ruling came as a positive news to the industry, along with falling gas prices, at least today, and positive traveling forecast for the upcoming summer season.

Watch this video to get the technicals and what to expect moving forward.

Good trading!


Delta Air Lines (DAL) reported earnings last week

The earning call was met with enthusiasm following CEO positive comments and a strong Q2 guidance, indicative of a rapid recovery in U.S. travel demand.

Delta Air Lines received multiple upgrades including:

  • Barclays upgraded to Overweight from Equal Weight and raised price target to $60 from $42
  • Morgan Stanley raised price target to $65 from $60
  • JPMorgan raised price target to $69 from $57

The JPMorgan analyst, Jamie Baker, also keeps an Overweight rating, telling investors "that must be a misprint" in reference to the surprising Delta's Q2 guidance, "...it far exceeds even our most optimistic top line forecast, and bodes exceptionally well for the sector this earnings season."


Trading Risk Disclaimer

All the information shared is provided for educational purposes only. Any trades placed upon reliance of SharperTrades, LLC are taken at your own risk for your own account. Past performance is no guarantee. While there is great potential for reward trading stocks, cryptos, commodities, options, forex and other trading securities, there is also substantial risk of loss. All trading operations involve high risks of losing your entire investment. You must therefore decide your own suitability to trade. Trading results can never be guaranteed. SharperTrades, LLC is not registered as an investment adviser with any federal or state regulatory agency. This is not an offer to buy or sell stocks, cryptos, forex, futures, options, commodity interests or any other trading securities.

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