DAL
August 10, 2022 | AMD, Daily JAM, DAL, Jubak Picks, MLM |
Despite today’s CPI inflation bounce and the continuation (flagging but still in business) of July’s Bear Market rally, my goal is still to sell into rallies. I don’t think this Bear Market is over and done with. I see another down leg when investors and traders admit that the Federal Reserve isn’t going to be able to get inflation under control with just another 100 basis points of interest rate increases (and, the other part of this hopeful scenario, to begin cutting interest rates by the middle of 2023.) So I’ll be making three sells today out of my Jubak Picks Portfolio to take advantage of the CPI bounce.
July 12, 2022 | Daily JAM, DAL |
Today, July 12, shares of American Airlines (AAL) closed up 9.98%. The company announced that it expects to post a pretax profit of $585 million in the second quarter as vacationers pack planes during the summer peak season. The company expects revenue to be about 12% higher than in the same quarter in the pre-Pandemic year of 2019.
May 17, 2022 | ALB, Daily JAM, DAL, DE, DIS, FQVLF, Long Term, MRVL, NVDA, PFE, SCCO, USB, Volatility |
In my weekend Saturday Night Quarterback I said that this week would, probably, answer the question of whether Friday’s big bounce was just a bounce, the start of a buy on the dip rally, or even a bear market rally with a bit of staying power. Two days into the week I think the market action is moving in favor of a bear market rally, one of those often quite powerful upside moves that punctuate extended bear markets.
April 19, 2022 | Daily JAM, DAL |
You don’t need to look in obscure, dark corners of the financial market for the reason for today’s big drop in oil prices. The IMF sharply cut its forecast for global growth today and China announced that it would keep its Zero Cover lockdowns in effect. A slower global and Chinese economies will lower global demand for oil. But… After pulling back to establish new positions, Russia has launched an intense bombardment all across Ukraine to soften up the country as Russia troops roll into Ukraine’s eastern region, the home of pro-Russian separatist governments. The new fighting promises to be even more vicious than the old fighting and already Ukraine’s Western supporters are looking for new sanctions to impose on Russia
April 13, 2022 | Daily JAM, DAL, Jubak Picks |
Delta Air Lines (DAL) reported a smaller than expected first quarter loss today and shares rose strongly after the company said a strong rebound in summer traffic would turn results positive in the second quarter. As of noon New York time Delta shares were up 4.51%. The airline lost $1.23 a share, slightly less than the Wall Street consensus of a $1.27 a share loss
April 11, 2022 | Daily JAM, DAL, Jubak Picks |
As of 3 p.m. New York time Monday, April 11, airline stocks were rallying strongly ahead of Delta Air Lines (DAL) earnings report Wednesday morning. Delta shares were up 4.68%. Shares of American Airlines (AAL) had gained 3.04%. And United Airlines Holdings (UAL) was ahead 1.72%.
March 4, 2022 | Daily JAM, DAL, Jubak Picks |
As far as I’ve been able to discover, it was a research note from Wolfe Research that began the negative “rethink.” Wolfe forecast that the airlines including United Airlines (UAL) and American Airlines (AAL) were burning cash so fast because of the jump in the cost of jet fuel that they might need to sell stock to secure more liquidity.. The worry isn’t outlandish. Oil broke above $115 a barrel (for U.S. West Texas Intermediate) today and JPMorgan Chase and Goldman Sachs have both recently projected that crude could rise to $185 a barrel by the end of 2022. Today shares of American Airlines (AA) were off 7.13%. United Airlines (UAL) dropped 9.07%. And Delta Air Lines (DAL) was down 5.63%.
February 27, 2022 | COP, Daily JAM, DAL, EQNR, Jubak Picks, LNG, PXD, Volatility |
On Saturday the European Union nations that control SWIFT, the dominant global network connecting banks, announced that they would expel some specific Russian banks from the network. The U.S., Canada, and the United Kingdom agreed with the move. The U.S. and its European allies left open the question of sanctions directly on Russia’s central bank.
The move to deny access to SWIFT means that the named Russian banks, and I’m not naming them because I haven’t been able to find a list, won’t be able to pay other banks or receive funds from other banks. They will not be able to transact business with international banks over the SWIFT network for their client businesses. I’d expect that out of an abundance of understandable caution, many Western banks will refuse to do business with Russian banks at all.
February 24, 2022 | CRWD, Daily JAM, DAL, EQNR, Jubak Picks, LNG, Millennial, Morning Briefing, PXD, Top 50 Stocks |
With the Russian invasion of Ukraine about to trigger another package of tougher U.S. and European sanctions, I think we can expect Russia to delver on Vladimir Putin’s promise of retaliation. The most obvious form of that will be cyberattacks on U.S. infrastructure, like the Colonial Pipeline attack, on U.S. financial systems through hacking to steal customer information and denial of service attacks, and on attacks to break into U.S. corporate networks to either paralyze those networks or to effectively put them off line. I wouldn’t rule out attacks on government infrastructure either at local, state, and national levels.
January 31, 2022 | Daily JAM, DAL, Jubak Picks |
When airline stocks come off a bottom, they come off fast and big. And I think that’s what we’re going to see over the next few quarters of 2022. Which means it’s time to buy. I could be early but the extreme volatility of stocks in the sector means that if you wait too long, you’ll miss the juiciest gains. Tomorrow, February 1, I’ll be adding shares of Delta Air Lines (DAL) to my JubakPicks Portfolio with a target price of $46. That’s just below the 200-day moving average and slightly further below the March 7, 2021 high of $49.83 highlighted in my last revision of the Dip-O-Meter this morning, January, 31.
