Keep an eye on price-to-earnings multiples for airline stocks, according to TheStreet's Action Alerts PLUS Portfolio Manager Jim Cramer. Cramer said Alaska Air (ALK) and Southwest Airlines (LUV) are seeing their price-to-earnings multiples increase. "They're now at 12 - that gives an umbrella to the companies that were selling at just 6 and 5 times times price-to-earnings multiples, that are now at 7, 8 and 9," Cramer said. "I'm talking about American Airlines (AAL) , Delta Air Lines (DAL) and United Continental Holdings (UAL) ." Cramer spoke earlier from the floor of the New York Stock Exchange.
More from Video
CAG has hung onto the bulk of its recent gains, and could rise to the $50 area, according to the charts and indicators.
Breaking down an approach to the long side of this biotech stock.
AMSC CEO discusses that and China challenges.
One of pharma's biggest CEO's talks M&A action on the exchange.