Delta Air Lines, Inc. (DAL)

46.15
0.49 1.05
NYSE
Prev Close 46.64
Open 46.43
Day Low/High 45.63 / 46.47
52 Wk Low/High 17.51 / 60.21
Volume 9.55M
Exchange NYSE
Shares Outstanding 638.15B
Market Cap 29.88B
P/E Ratio N/A
Div & Yield N.A. (N.A)

Latest News

Minding Mr. Market

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...

The Reflex Game, Re-Rotation, Big Bank Bonanza, Oil Demand, Johnson & Johnson

The Reflex Game, Re-Rotation, Big Bank Bonanza, Oil Demand, Johnson & Johnson

How Interesting. On Wednesday, market participants rotated out of the un-rotation that had been in vogue for most of April.

Minding Mr. Market

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...

Shorting DAL

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).  

Sell The Winners Buy The Losers, Dayenu?

* 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-...

Looking at Shorts

*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...

New Buy (and Short) Levels

* 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...

Nothing Normal About This Market

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 ...

Three Short Moves

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.    

There Is No Market Leadership

* 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 Done Tore Out My Heart and Stomped That Sucker Flat

"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 Market Is a Hard Dog to Keep Under the Porch

* 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...

I Remain Negative on the Markets

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...

Trade of the Week (Short Delta Air Lines)

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...

Assessing the Damage

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 ...

Shorting DAL

I am back shorting Delta Air at $50.55 now.  

Shorting Delta Air

I shorted Delta Air Lines small on the opening.

Minding Mr. Market - A Quick (and Skeptical) Look at the Airline Industry

* The charts are moving from the lower left to the upper right * As balance sheets grow more levered, energy prices rise and "earnings power" is reduced  We are at the stage of the markets that skepticism and doubt have left the building.  In simple...

Delta -- We Love to Trade, and It Shows

Delta -- We Love to Trade, and It Shows

As more people get vaccinated, I like this airline's options. Here's how I'd play it into the week.

Southwest Airlines Posts a Rare Loss, Here's How to Trade It

Southwest Airlines Posts a Rare Loss, Here's How to Trade It

The problems faced by not just Southwest, but by the entire airline and more broadly the travel industries in 2020, is no secret.

GameStop's Charts Show Us More Risk Than Reward

GameStop's Charts Show Us More Risk Than Reward

Let's check and see what clues we can glean from the charts and indicators.

Invest in Delta Air? Nah, I'm Sticking With Just One Airline and It's Not Them

Invest in Delta Air? Nah, I'm Sticking With Just One Airline and It's Not Them

I need to see more upside momentum for DAL to provoke my inner bull.

Wednesday's Woe, Biden's Plan, U.S. Dollar, J&J Vaccine, Trading Intel

Wednesday's Woe, Biden's Plan, U.S. Dollar, J&J Vaccine, Trading Intel

We are going to live again. You will dance in the aisle at some concert whose performer I have never heard of, and you will cheer for your favorite team in person again.

Buy Your Delta Ticket for a 'Long' Trip

Buy Your Delta Ticket for a 'Long' Trip

I see so much upside in airline and cruise ship stocks over the next 3-6 months.

Come a Second Lockdown, Consider Shorting These 3 Sectors

Come a Second Lockdown, Consider Shorting These 3 Sectors

Look at companies that were decimated by lockdowns in the spring and figure that history is about to repeat itself.

Get Alpha With Delta

Get Alpha With Delta

These Delta Air Lines calls should be worth more than double by January.

The Fortunes of These 2 Sectors Should Improve Considerably in 2021

The Fortunes of These 2 Sectors Should Improve Considerably in 2021

Few parts of the economy suffered worse from reduced global economic activity than energy.

J&J's Pause, Nasdaq Thumbs Up, Amazon Prime Day, Apple Hi, Speed, Veeva Breakout

J&J's Pause, Nasdaq Thumbs Up, Amazon Prime Day, Apple Hi, Speed, Veeva Breakout

Now, that we have confirmation from the Nasdaq Composite, I think we can say equity markets are indeed back in what I would consider an uptrend.