Delta Air Lines, Inc. (DAL)

Break in! Delta Air Lines gives its second half guidance - and it is a bit disappointing. I would be short DAL - which is on my Best Ideas List (short).

Perennial and popular favorite Disney is approaching the low $170s where I would cover the short.  Delta Air Lines is down hard again and I would cover $40-$42.    

Delta Air Lines (placed on my Best Ideas List (short) at $48.88 on April 13, 2021) continues to be a downside feature as airlines are now threatened by the lack of availability of fuel.  Trading -2.5% today, to $44.25, I would short this name on any...

One of my favorite investment shorts, Delta Air Lines , continues to flounder.  DAL was placed on my Best Ideas List (short) at $48.82 on April 13, 2021. The shares are currently trading at $45/share.  

I remain negative on stocks.   The "market without memory from day to day" has continued.   Market breadth was noticeably weak.   I have been of the view that banks, Twitter (-$3), Amazon (-$53), Walmart (-$1.53) and others should be reduced -- and ...

Delta's shares have steadily moved from the low $50s to $43.50.  I just covered a large DAL short.  I will be further liquidating my personal holdings in light of my May launch of Seabreeze Capital Partners LP. 

* The decline in speculative stocks has been historic and broad-based - something I have been expecting for months * I remain bearish on the overall outlook for equities   Yesterday's market was brutal and broad-based to the downside:  * The specula...

Yesterday I reiterated my Delta Air Lines short.

* The airline industry looks like a good short setup  As I have been adding to my Delta Air Lines short I wanted to reposte my short thesis: Mar 16, 2021 ' 08:10 AM EDT DOUG KASS Minding Mr. Market - A Quick (and Skeptical) Look at the Airline Indus...

My only individual short equity position is Delta Air Lines  - I am short large the Indices - and I shorted more this morning.  

Strange brew.   * Market breadth was 5-3 positive, impressive in an absolute sense, but not against a 45 handle rise in the S&P and 180 handles in the Nasdaq.   * Again, the Russell wasn't crowing.   * Bullish sentiment is way extended - more so tod...

Some observations:  * Ss over Ns. And the Russell is not crowing. (I added to my and shorts on the morning's strength). * Banks are lower in a sea of green this morning. It is my view that bank stocks are vulnerable after the runup. I will have a co...

I am (personally) shorting Delta Air Lines  - above $48 - in premarket trading following the J&J vaccine news.  DAL is on my Best Ideas List (short).  

* In a (price) momentum based investment world the winners often get overextended and the losers often get oversold  "Ilu ho-tsi, ho-tsi-a-nu, Ho-tsi-a-nu mi-Mitz-ra-yim, Ho-tsi-a-nu mi-Mitz-ra-yim, Da-ye-nu! .. CHORUS: .. Dai, da-ye-nu, .. Dai, da-...

*Last week we looked at laggards to buy, today I look at shorts  Last week I looked at laggards I would buy - some, like Amazon , Twitter  and Walmart prospered:  Apr 01, 2021 ' 08:30 AM EDT DOUG KASS Looking at Laggards * On the long side While I f...

* My revised levels I don't want there to be any ambiguity about the size of my positions, or about my buy and short levels, as I strive for as much transparency as possible. This column is a continued commitment towards that sort of disclosure. "Wh...

The speculative gewgaws have lost their bids again and are falling back to earth.  , , , ,  , , etc., getting taken to the woodshed.  Usually this portends broader market weakness - but there is nothing normal about this market.  Meanwhile, in part ...

I would continue to scale out of banks and consider shorting and in here. I would be adding to a Delta Air Lines  short in here.    

* Slowly, but very surely, prior market leaders have crashed * At times, markets can churn when leadership is unclear or non existent * But, given current high valuations, a more ominous market outcome seems more likely * Consider "Uncle" Bob Farrel...

"You keep on stompin' And my heart is on the floor..." - Lewis Gizzard, You Done Tore Out My Heart and Stomped That Sucker Flat  In yesterday's opening missive, "The Market Is a Hard Dog to Keep Under the Porch," I argued that the U.S. stock market ...

* The U.S. stock market remains materially overpriced * I would use market rallies to reduce equity exposure * Value is stretched now (financials and energy) while growth valuations are vulnerable to higher interest rates * I am looking towards some...

Today's feature was a (not surprising) mean reversion back from value to (recently depressed) growth.   Given the interest rate rise, I suspect there is a limitation or ceiling on growth stocks over the near term.   Indeed with Invesco  having peake...

A week ago I wrote an ursine summation of the airline industry and for Delta Air Lines .  Delta closed at $49/share on Friday. For these reasons and others (see above...the price of oil has climbed from $27/barrel - in early November - to over $61/b...

My Takeaways * The damage today was broad-based * I ended the day with a medium-sized net short exposure (down from very large at the beginning of the day) * Banks may have had a buying climax today * Tech (especially of a speculative-kind) remains ...

I am back shorting Delta Air at $50.55 now.  

I shorted Delta Air Lines small on the opening.