DAL trade ideas
Delta flight, Boeing planeRecalled back to LAX after leaving for China. Dumped fuel on a playground effecting kids and teachers. Other schools also supposedly hit but nobody effected at those locations. Reports are it smells like jet fuel around the playground and there's vid of a plane dumping fuel nearby.
One of the flight stats sites is how I found it's a Boeing 777 based on the flight number (89).
Watch these tmrw. Possible big shorts. You know at least Delta will probably have to settle, and if ANOTHER Boeing flight was having issues.... They could be paying up too on any law suits that may come about if any do.
Delta Airlines +12% - 90 Day StrategyBetween November 2012 and May 2014 Delta Airlines had a colossal run that took it from $9 to a staggering $42 dollars in a little bit under a 2-year period. Ever since, $Delta has continued to perform positively; well within the confines of a new channel that feels a lot like an extended ascending triangle maturing into its upcoming apex. This channel can be identified by the dotted lines in the chart. For 6 years now, $Delta’s behavior has been highly predictable much in thanks to market capitulation, quarterly earnings and a booming economy.
At this moment, I can identify a few factors that are making me confident to enter $Delta at its current price level with an initial target of $65.49 (or +11.17% of where it is now). Based on my trend analysis, I believe this price will be reached between the end of March and mid-April 2020.
Besides the trend analysis and tracing I’ve included in the chart, I’ve also corroborated my findings or projection with a confirmation breakout in the MACD on the weekly chart, as can be seen below as well as room for growth in the RSI before it reaches overbought territories.
Once my initial target has been met, a retracement to either the mid-channel support (yellow-dotted line) or the bottom of triangle can be expected. Re-entering at both of these levels is a good, smart way of averaging out your purchase costs before the next impulse begins.
Target: $65.49
DAL - DAILY CHARTHi, today we are going to talk about the Target Corp and its current landscape.
With more than 400 planes grounded, 737 Max crisis is still backlashing Boeing Co., and now the Boeing problem could become the industry "problem" as the Federal Aviation Administration (FAA), may fundamentally change the certification process of aircraft, by prioritizing the human factor in the proceeding. The FAA wants to appraise how quickly airline pilots can react to emergency situations and possibly evaluating how the design o planes make it easier or harder for the pilot's reaction. The proposals need to be the debated of Congress, that has been criticizing the FAA administrator Stephen Dickson over its close relationship with the industry, Dickson it's a former employee of Delta Air Lines.
The effects of the 737 problems, combined with the slowing down economy entails strong headwinds for the whole industry, plus this new regulatory change, companies could see a shrinking of its orders, and more costs to have products in-line with the new possible FAA framework. The positive highlight of the day for the sector goes to the orders coming from several airlines, like Emirates that ordered 50 Airbus A350 jets in a deal worthing $16 billion; Air Arabia ordered 120 Airbus A320s in a $14 billion deal, and Etihad will take 20 Boeing Co. 787 Dreamliners.
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DAL LongDAL Long - Daily Chart
I'm long 1600 shares of DAL at $58 average. Delta is my favorite stock to own long-term as of now. I do plan to trade around price action but this a stock that is in my Dividend Compounding Portfolio.6
Some reasons I'm bullish:
Delta's brand is one of, if not the best, in the airline industry.
Industrial's as a sector has lagged the S&P for many years now and is due for a cyclical turn around.
Technical's:
Developing an inverse head and shoulders pattern (this pattern is not validated until complete)
Developing bull flag - which has just broken top trend line - measured move target: $64.20 (new all-time-high)
November 1st gap-up has been closed as of November 14th
20 SMA bullishly crossing 200 SMA
20 SMA about to bullishly cross 50 SMA
Fundamentals:
EPS Growth (TTM vs. Prior TTM) +53.68%
Revenue % Change (TTM) +5.43%
Profit Margin (Most Recent Quarter) +11.91%
P/E (Trailing Twelve Months) 7.96
PEG Ratio (5-Year Projected) 0.70
Dividend Yield 2.85%
1-Year Dividend Growth Rate 15%
5-Year Dividend Growth Rate 34.93%
Payout Ratio (TTM) 22.74%
#DAL Yesterday I was preparing this chart for u and today, bang!Sorry my fellows 'cause yesterday I was preparing this chart for you, but as you know the market is faster than my schedule, so it banged my chart before the chance of posting it. So, I'm posting it exactly how yesterday was. This stock isn't a big deal for me, but it looks nice for day trading. $48.99 is a nice target but an important level to support the price. Stay tuned!
Cream Live Trading, Good Luck!
Airlines price targets - non-MAX operators BULL** Credit Suisse says non-MAX operators such as Delta Air Lines, Spirit Airlines, JetBlue Airways and Alaska Air Group to benefit most from reduced supply levels in the form of higher load factors and fares
** LUV and AAL combined have the highest exposure to MAX fleet in U.S.
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Price targets / analysts:
CS downgrades American Airlines Group Inc to "underperform" form "neutral", cuts PT to $30 from $32, citing extended grounding's of MAX jets and ongoing mechanics labor dispute
Cuts PT for Southwest Airlines Co to $51 from $53, while also lowering 2019 EPS estimate to $4.07 from $4.45 due to the airline's inability to capitalize on market demand
Upgrades JBLU to "neutral" from "underperform", raises PT to $19 from $16 due to strong seasonal leisure demand and continued execution of cost and revenue initiatives
Raises PT for United Airlines Holdings Inc to $113 from $111 despite its smaller MAX exposure compared to LUV and AAL