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DAL

Delta Air Lines

$52.73

-0.08 (-0.15%)

10:40
07/19/18
07/19
10:40
07/19/18
10:40

Delta Airlines attracts call buyers after a big rally in shares

Delta Airlines attracts call buyers after a big rally in shares. The stock flat at $52.80 Thursday, but up 4.2% on the week thanks to solid gains Tuesday and Wednesday. In option action today, 10K Aug 52.5 calls trade across the exchanges for $1.30 followed minutes later by a series of small lots from $1.35 to 1.46. 14.8K changed hands against 3.6K open interest and some of the bullish flow in Aug 52.5 calls is likely rolling out of expiring-tomorrow Jul 49 calls, which have traded 4.8K. As a result, total volume lopsided 17:1 at 23K calls and 1.3K puts. Delta last reported earnings on 7/12.

DAL Delta Air Lines
$52.73

-0.08 (-0.15%)

07/02/18
DBAB
07/02/18
DOWNGRADE
Target $53
DBAB
Hold
Delta Air Lines downgraded to Hold from Buy at Deutsche Bank
Deutsche Bank analyst Michael Linenberg downgraded Delta Air Lines to Hold and lowered his price target for the shares to $53 from $64.
07/03/18
DBAB
07/03/18
NO CHANGE
DBAB
Deutsche downgrades three airlines on 'headline risk' from trade dispute
Deutsche Bank analyst Michael Linenberg downgraded his ratings on American Airlines Group (AAL), Delta Air Lines (DAL) and United Continental (UAL) to Hold from Buy. The analyst cut his price target for American to $43 from $60, for Delta to $53 from $64 and for United to $74 from $81. In a world of "heightened" macroeconomic and geopolitical risks, economically-sensitive, high beta stocks such as airlines typically underperform the broader market, Linenberg tells investors in a research note. The possibility that the current trade dispute between the U.S. and its global partners could become something bigger is problematic for the airline industry's sales growth, the analyst adds. Further, Linenberg argues, the growing trade dispute may cause U.S. companies to reconsider their spending and employment plans, which would adversely impact corporate travel. As a result, the analyst sees "headline risk" and a lack of near-term catalysts for the airline stocks. He keeps Buy ratings on Alaska Air (ALK), Allegiant Travel (ALGT), JetBlue Airways (JBLU), Southwest Airlines (LUV), Spirit Airlines (SAVE) and SkyWest (SKYW).
07/03/18
07/03/18
DOWNGRADE

On The Fly: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. United Continental (UAL), American Airlines (AAL), and Delta Airlines (DAL) downgraded to Hold from Buy at Deutsche Bank with analyst Michael Linenberg saying in a world of "heightened" macroeconomic and geopolitical risks, economically-sensitive, high beta stocks such as airlines typically underperform the broader market. 2. Belmond (BEL) downgraded to Underweight from Overweight at Barclays with analyst Felicia Hendrix citing an analysis of the company's progress on its growth targets announced back in June 2016. 3. PSEG (PEG) downgraded to Hold from Buy at Deutsche Bank with analyst Jonathan Arnold saying The Federal Energy Regulatory Commission order raised new questions over New Jersey zero-emission credits. 4. PepsiCo (PEP) downgraded to Hold from Buy at Deutsche Bank with analyst Stephen Powers viewing the current valuation as a "bit bubbly." 5. Watsco (WSO), Fastenal (FAST), and Grainger (GWW) downgraded to Neutral from Outperform at Baird with analyst David Manthey saying he thinks the cycle and individual company results could remain solid for quarters or years to come, but he believes the cycle is in its later stages, thereby elevating risks to gross margins, rising labor costs, and earnings deceleration in 2019. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
07/16/18
LEHM
07/16/18
NO CHANGE
Target $68
LEHM
Equal Weight
Barclays lowers Airlines targets to reflect 'more realistic' valuations
Barclays analyst Brandon Oglenski reduced his price targets across the North America Airlines group to reflect near-term earnings headwinds from higher fuel prices as well as a "more realistic valuation outlook." Nonetheless, domestic U.S. demand "appears quite strong," with 2018 industry revenue expected to expand high single digits, Oglenski tells investors in a research note. He believes discussion of incremental capacity reductions through earrings season could help put a floor in stock prices. The analyst lowered his price target for Underweight-rated Allegiant Travel Company (ALGT) to $117 from $135, for Equal Weight-rated Alaska Air Group (ALK) to $68 from $80, for Overweight-rated American Airlines Group (AAL) to $60 from $68, for Overweight-rated Delta Air Lines (DAL) to $62 from $73, for Overweight-rated JetBlue Airways (JBLU) to $27 from $29, for Equal Weight-rated Southwest Airlines (LUV) to $65 from $74, for Equal Weight-rated Spirit Airlines (SAVE) to $42 from $49 and for Overweight-rated United Continental Holdings (UAL) to $78 from $80.

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VNO

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DY

Dycom

$57.05

11.38 (24.92%)

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AAPL

Apple

$186.58

3.52 (1.92%)

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GDOT

Green Dot

$47.96

0.02 (0.04%)

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QCOM

Qualcomm

$77.78

1.17 (1.53%)

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  • 31

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KDP

Keurig Dr Pepper

$29.08

-0.075 (-0.26%)

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  • 07

    Jun

TGT

Target

$72.05

-0.05 (-0.07%)

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AVP

Avon Products

$3.20

0.06 (1.91%)

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AMC

AMC Entertainment

$13.20

0.18 (1.38%)

, CUBI

Customers Bancorp

$21.04

0.25 (1.20%)

08:29
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AMC

AMC Entertainment

$13.20

0.18 (1.38%)

CUBI

Customers Bancorp

$21.04

0.25 (1.20%)

ACST

Acasti Pharma

$0.90

0.02 (2.27%)

MAMS

MAM Software

$8.90

0.07 (0.79%)

BW

Babcock & Wilcox

$0.43

-0.003 (-0.69%)

HL

Hecla Mining

$1.46

0.05 (3.56%)

FBIO

Fortress Biotech

$1.93

0.02 (1.05%)

HIIQ

Health Insurance Innovations

$26.31

1.4 (5.62%)

NG

NovaGold

$3.84

0.02 (0.52%)

MNOV

MediciNova

$10.98

0.37 (3.49%)

IMI

Intermolecular

$1.18

0.005 (0.43%)

CHMI

Cherry Hill Mortgage

$17.30

0.18 (1.05%)

ARC

ARC Document

$2.14

0.06 (2.88%)

CARB

Carbonite

$25.75

0.28 (1.10%)

BHR

Braemar Hotels & Resorts

$12.31

(0.00%)

CTG

Computer Task Group

$4.44

-0.06 (-1.33%)

CSWC

Capital Southwest

$22.31

-0.02 (-0.09%)

NLS

Nautilus

$3.18

-0.06 (-1.85%)

INSW

International Seaways

$19.69

-0.09 (-0.46%)

FNV

Franco-Nevada

$75.94

0.02 (0.03%)

DLA

Delta Apparel

$21.53

-0.03 (-0.14%)

LOV

Spark Networks

$13.20

-0.1 (-0.75%)

MOTS

Motus GI Holdings

$3.73

-0.15 (-3.87%)

PDFS

PDF Solutions

$12.40

0.17 (1.39%)

ELY

Callaway Golf

$14.85

-0.17 (-1.13%)

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  • 10

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  • 01

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  • 24

    Oct

SNE

Sony

$51.01

-1.195 (-2.29%)

08:27
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  • 10

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TGT

Target

$72.05

-0.05 (-0.07%)

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  • 22

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LPLA

LPL Financial

$83.85

2.06 (2.52%)

08:25
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  • 22

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    Jun

TMO

Thermo Fisher

$265.44

2.31 (0.88%)

08:25
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Conference/Events
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  • 22

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BTAI

BioXcel Therapeutics

$11.00

-0.03 (-0.27%)

08:25
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Conference/Events
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  • 22

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VFC

VF Corp.

$92.13

1.43 (1.58%)

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  • 22

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08:22
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LTHM

Livent

$7.25

0.06 (0.83%)

08:22
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HSBC

HSBC

$41.70

0.26 (0.63%)

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  • 03

    Jun

$DJT

DJ Transportation Average

$0.00

(0.00%)

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DJ Transportation Average: Pivot points »

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VSAT

ViaSat

$88.70

0.23 (0.26%)

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  • 23

    May

RIG

Transocean

$7.63

0.24 (3.25%)

, FTI

TechnipFMC

$23.54

0.58 (2.53%)

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$7.63

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FTI

TechnipFMC

$23.54

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OXY

Occidental Petroleum

$53.53

0.04 (0.07%)

HES

Hess Corp.

$66.45

1.16 (1.78%)

DO

Diamond Offshore

$9.64

0.085 (0.89%)

EOG

EOG Resources

$95.69

2.01 (2.15%)

NBR

Nabors Industries

$3.28

0.07 (2.18%)

MUR

Murphy Oil

$27.49

0.55 (2.04%)

PDS

Precision Drilling

$2.15

0.02 (0.94%)

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$DJU

DJ Utility Average

$0.00

(0.00%)

08:20
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DJ Utility Average: Pivot points »

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DJX

Dow Jones Industrial Average

$0.00

(0.00%)

08:20
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05/22/19
08:20
Technical Analysis
Dow Jones Industrial Average: Pivot points »

The following are the…

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IYT

iShares Transportation Average

$189.41

0.79 (0.42%)

08:20
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Technical Analysis
iShares Transportation Average: Pivot points »

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