Think Globally, Buy Locally


Jim Cramer

 | Sep 03, 2014 | 11:33 AM EDT
  • Comment
  • Print Print
  • Print

Delta Air Lines (DAL) demonstrates what I most fear about this market. This morning, the terrifically run airline announced very strong domestic numbers. But in the same breath, the company shaded down its passenger revenue per average seat mile, the key metric, because of the, and I quote, "impact of events in Russia, the Middle East and Africa."

There it is. You've got Ukraine, including the downing of MH-17, and you've got Africa with Ebola and you have wars all over the place in the Middle East. Now, the whole decline only knocked off a percent off of what we expected in revenue growth, but when a 3% figure estimate goes down to 2% in a situation where everyone expected perfection, you are going to have a hammered stock. And that's just what we are getting with Delta, which is down almost 5% today....436 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

Read the full story and get access to the Real Money trading floor.
There’s no substitute for a trading floor to get great ideas, so Jim Cramer created a better one at Real Money and blogs there exclusively. Staffed with nearly 3 dozen investing pros, money managers, journalists and analysts, Real Money gives you a flood of opinions, analysis and trading advice found nowhere else, and allows you to interact directly with each expert.

Already a Subscriber? Please Login
Except as otherwise indicated, quotes are delayed. Quotes delayed at least 20 minutes for all exchanges. Market Data provided by Interactive Data. Company fundamental data provided by Morningstar. Earnings and ratings provided by Zacks. Mutual fund data provided by Valueline. ETF data provided by Lipper. Powered and implemented by Interactive Data Managed Solutions.

TheStreet Ratings updates stock ratings daily. However, if no rating change occurs, the data on this page does not update. The data does update after 90 days if no rating change occurs within that time period.

IDC calculates the Market Cap for the basic symbol to include common shares only. Year-to-date mutual fund returns are calculated on a monthly basis by Value Line and posted mid-month.