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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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MMP

Magellan Midstream

$62.21

0.09 (0.14%)

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BB

BlackBerry

$8.32

-0.15 (-1.77%)

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BlackBerry call volume above normal and directionally bullish »

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GIS

General Mills

$53.74

0.08 (0.15%)

, PAYX

Paychex

$85.15

-1.02 (-1.18%)

13:38
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Earnings
Notable companies reporting before tomorrow's open »

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General Mills

$53.74

0.08 (0.15%)

PAYX

Paychex

$85.15

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FDX

FedEx

$156.37

-4.51 (-2.80%)

, MU

Micron

$33.30

0.12 (0.36%)

13:38
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Earnings
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FDX

FedEx

$156.37

-4.51 (-2.80%)

MU

Micron

$33.30

0.12 (0.36%)

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SPX

S&P 500

$0.00

(0.00%)

, SPY

SPDR S&P 500 ETF Trust

$291.98

-1.66 (-0.57%)

13:37
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Periodicals
Presidents Trump, Xi to meet Saturday in Japan, Reuters says »

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SPX

S&P 500

$0.00

(0.00%)

SPY

SPDR S&P 500 ETF Trust

$291.98

-1.66 (-0.57%)

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TSM

TSMC

$39.05

-0.93 (-2.33%)

13:35
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13:35
Options
Taiwan Semi put volume heavy and directionally bearish »

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UPS

UPS

$97.22

-2.47 (-2.48%)

, FDX

FedEx

$156.36

-4.52 (-2.81%)

13:28
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Periodicals
UPS says won't join FedEx's suit against U.S., Reuters says »

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UPS

UPS

$97.22

-2.47 (-2.48%)

FDX

FedEx

$156.36

-4.52 (-2.81%)

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EOLS

Evolus

$14.26

0.57 (4.16%)

, AGN

Allergan

$164.07

34.42 (26.55%)

13:26
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Recommendations
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EOLS

Evolus

$14.26

0.57 (4.16%)

AGN

Allergan

$164.07

34.42 (26.55%)

ABBV

AbbVie

$66.52

-11.89 (-15.16%)

RVNC

Revance

$12.15

0.59 (5.10%)

AERI

Aerie Pharmaceuticals

$30.34

0.13 (0.43%)

TXMD

TherapeuticsMD

$2.58

0.06 (2.38%)

KALA

Kala Pharmaceuticals

$5.78

0.2 (3.58%)

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TDG

TransDigm

$490.64

-0.47 (-0.10%)

13:25
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06/25
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13:25
Hot Stocks
DoD: TransDigm 'negotiating excessive profits' on contracts for spare parts »

The Department of Defense…

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TSN

Tyson Foods

$82.69

1.85 (2.29%)

13:25
06/25/19
06/25
13:25
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13:25
Options
Tyson Foods call volume above normal and directionally bullish »

Bullish option flow…

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13:25
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General news
Fed Chair Powell repeated the phrase from the FOMC that the Fed is "closely monitoring »

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IBKR

Interactive Brokers

$52.66

0.21 (0.40%)

, ETFC

E-Trade

$44.43

-0.14 (-0.31%)

13:25
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Conference/Events
Sandler O'Neill financial analyst to hold an analyst/industry conference call »

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IBKR

Interactive Brokers

$52.66

0.21 (0.40%)

ETFC

E-Trade

$44.43

-0.14 (-0.31%)

SCHW

Charles Schwab

$39.22

0.07 (0.18%)

AMTD

TD Ameritrade

$48.32

0.23 (0.48%)

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13:20
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General news
FX Action: The DXY rallied »

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$NSD

NASDAQ Market Internals

$0.00

(0.00%)

13:17
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13:17
Technical Analysis
NASDAQ market internals summary »

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$NYE

NYSE Market Internals

$0.00

(0.00%)

13:16
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13:16
Technical Analysis
NYSE market internals summary »

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HUYA

Huya

$23.90

-1.52 (-5.98%)

13:15
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06/25
13:15
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13:15
Options
HUYA put volume heavy and directionally bearish »

Bearish flow noted in…

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13:15
06/25/19
06/25
13:15
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13:15
General news
Treasury's $40 B 2-year auction was mixed as a confluence of factors impacted »

Treasury's $40 B…

ASOMY

Asos

$0.00

(0.00%)

13:11
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06/25
13:11
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13:11
Downgrade
Asos rating change  »

Asos downgraded to…

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MU

Micron

$33.46

0.28 (0.84%)

13:08
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On The Fly
Fly Intel: What to watch in Micron's earnings report »

Micron (MU) is scheduled…

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General news
2-Yr Note Auction Coupon Rate data reported »

2-Yr Note Auction Coupon…

13:07
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13:07
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General news
2-Yr Note Auction Total Amount data reported »

2-Yr Note Auction Total…

MDR

McDermott

$8.82

0.6 (7.30%)

13:05
06/25/19
06/25
13:05
06/25/19
13:05
Options
McDermott call volume above normal and directionally bullish »

Bullish option flow…

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ORCL

Oracle

$56.48

-0.24 (-0.42%)

13:03
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Hot Stocks
Oracle announces 'simplified' analytics product offering »

Oracle said in a press…

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