NYSE:DAL DELTA AIR LINES INC DEL
DAL is hands down my favorite airline . I can't justify executing a long position here as the risk is to great for me right here. I'm a buyer at 42, I'm a thief at 38. But with oil plummeting, it wouldn't surprise me to see DAL hit 55 before pulling back any significant amount. DAL sits atop of my watchlist
I believe crude is going lower, no signs of it stopping, thats great for the airlines. The only concern is with oil going down, and the sp500 being 15-20% oil and gas companies, I feel DAL might be a victim of a market pullback. If I was long DAL, I would hold, but initiating a buy here is a tough trade. I personally think a short of S&P is the higher percentage play here.