Prev Close | 37.22 |
Open | 37.08 |
Day Low/High | 37.03 / 38.69 |
52 Wk Low/High | 29.75 / 48.54 |
Volume | 10.42M |
Prev Close | 37.22 |
Open | 37.08 |
Day Low/High | 37.03 / 38.69 |
52 Wk Low/High | 29.75 / 48.54 |
Volume | 10.42M |
Exchange | NYSE |
Shares Outstanding | 641.08B |
Market Cap | 25.34B |
P/E Ratio | N/A |
Div & Yield | N.A. (N.A) |
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).
Let's look at the many positive story lines out there -- which having nothing to do with the Fed -- and what they mean for investors.
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.
Investors are underestimating the potentially significant secular increase in defense spending. Here are several opportunities among prime defense contractors.
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...
I'm seeing some attractive plays among the airlines.
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...
How Interesting. On Wednesday, market participants rotated out of the un-rotation that had been in vogue for most of April.
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.