Sector Scan: Airlines
There's no ticket to paradise for airline stocks, despite the holidays on the horizon
With the U.S. Thanksgiving holiday approaching, airline traffic will get a huge boost but, according to my proprietary system, airline and related stocks likely won’t see much of an advance. Let’s see how some of the big names stack up in my scan.
Delta Airlines (NYSE:DAL), JetBlue (NASDAQ:JBLU) and Southwest Airlines (NYSE:LUV) are all on sell watch, while American Airlines (AAMRQ) is a problem stock.
Even ahead of the hectic holiday shipping season, Federal Express (NYSE:FDX) is on sell watch and United Parcel Service (NYSE:UPS) is a reconfirmed sell.
Manufacturer Boeing (NYSE:BA) is backing and filling, and gets a C rating across the board for relative strength in the short, intermediate and long term. It’s not a strong candidate for the long or the short side.
Verdict: The airlines and related stocks aren’t yielding any high fliers currently.
Article printed from InvestorPlace Media, https://investorplace.com/247trader/sector-scan-airlines/.
©2017 InvestorPlace Media, LLC