Whilst the broader market is holding moderate gains of 12pts at sp'2059, there is notable strength in the airlines. Delta (DAL), and United (UAL) are higher by 3.2% and 3.9% respectively. It is especially notable that Delta is close to breaking a new historic high, whilst UAL is on the edge of breaking out of a trading range.
DAL, daily
UAL, daily
Summary
*...as conditions remain choppy... I'll try to highlight a fair few individual stocks into next week.
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Whilst the actual Transportation index remains a mere 3-4% from the Aug' lows.. there is some distinct upside power in the airlines.
No doubt consistantly low oil/fuel prices are really helping improve margins... now its a case of whether those planes are filled with passengers.
*I favour DAL, it is a far more stable stock than UAL, and arguably.. a much better balance sheet.