Airline executive Scott Kirby's move to United Continental (UAL) from American Air (AAL) means that United has a 'stronger bench,' according to TheStreet's Jim Cramer. But Cramer cautions the airline industry has been under pressure due to weaker international travel, and he says be careful buying United's stock ahead of its report on passenger revenue, which is released next week.
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How quickly do we find support, is what we'll want to know now, as the correction is occurring while economic optimism builds.
Despite the president's promise of no stimulus until after Nov. 3, there are no signs yet that this is the sort of correlated selling that leads to a deep correction.
Salesforce, Amgen and Honeywell will give a lift to the DJIA going forward.
CAG has hung onto the bulk of its recent gains, and could rise to the $50 area, according to the charts and indicators.