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DAL - The Airlines Are Not Looking to HotChecking Back in with Delta Airlines. Check out our previous analysis on these as you can see how we've been playing them and get an overall feel of the direction we're going. Our previous posts provide some detail towards our positions. Short and Sweet Fundamentals: 1. Delta just suspended flights to 10 major airports through at least September: Chicago Midway, Oakland International Airport, Hollywood Burbank, Long Beach, T. F. Green International Airport, Westchester County Airport, Stewart International, Akron-Canton, Manchester-Boston Regional Airport and Newport News/Williamsburg International Airport. 2. DAL is trying to cut losses anywhere possible as they're burning through $50-$60 million per day. 3. At current pace, they're scheduled to run out of the Stimulus $ by the end of June. Technical: 1. We have a bearish pennant. There was a clear break and a retest. 2. If you entered the short position on the break where we have the purple circle on the chart, we're looking to play this down to the following targets: Target 1: $17.09 Target 2: $12.67 Target 3: $6.41 I would keep a trailing 4-5% stop loss on this one as we feel price could get volatile. The trailing stop will keep you position going if DAL tanks. Not to leave the bulls hanging out to dry, they would like to see a Double Bottom at $19.00 area and a reversal (unlikely, but anything is possible when the FED is printing). As we've mentioned before, we're personally not long on airlines until we start seeing people fly again. Hit us with a like and a follow for more updates. Cheers! Disclaimer: I do not provide personal investment advice and I am not a qualified licensed investment advisor. I am an amateur investor. All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, or stock picks, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies. I will not and cannot be held liable for any actions you take as a result of anything you read here. Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on here, expressed or implied herein, are committed at your own risk, financial or otherwise.
NYSE:DALShort
by MannyLo
DOLLAR INDEX| FLAG, STRUCTURE AND LEVEL 100|FUNDAMENTALSDollar Index is trading inside a flag formation, while also being within a horizontal structure and a massive level 100. Level 100 is important, for the index was always pushed below it every time the index got above the level, for the last 5 years. Let's see, who is stronger, the fed, the virus or the debtors, who desperately need dollars. One who judges the dollar simply by looking at the fed's balance sheet is not getting the full picture. The key idea about the currencies is that the exchange rate represents relative value, not the absolute one. Dollar does not have to be good to get more expensive. It just has to be better than others, or, rather have more demand. My understanding is that the corona-shock is deflationary for it removed a massive part of dollar denominated demand from the worlds biggest market. Thus limiting the supply of dollars for the outsiders. So other countries can't earn dollars while having to pay back dollar denominated debts. Just look at the commodity prices outside of precious metals.Plus, the big companies are repatriating cash to patch the holes in their balance sheets. Remember Delta's recent 11% bond offering? That is a short to mid term outlook though. The fed and the government are trying to fix the imbalance of supply and demand and one can imagine they might as well overdo themselves. Please, tell me what is your opinion on the issue! Also, If you like my work, then like and subscribe. You really help me doing so!! I wish you all luck in your trading!
TVC:DXY
by ProSignalsFx
1
Do Planes Fly? (DAL)Symbol: DAL Sector: Airlines Delta airlines is currently testing rock bottom. Horizontal support at low of 21.26 needs to hold or we could see sell off. Adding to this position at current price I like. We are closing with lower highs down over 190% We have so far attacked support area 4 times almost directly and held. What we would like to see next is price to hold support and start to curve into the gray triangle as our pennant compresses. Then look for breakout above the black dashed line. First target 24% Second target 56% Third target full recovery 190% Great opportunity, this is the patterns we want to focus on. It is ideal to wait for the Crossover and than the breakout for a strong confirmation. Limit at 21.26 see if we can get filled and set a tight stoploss and play that level closely in case of break down. I will stay updated on Delta Air Lines on this post below.
NYSE:DAL
by UnknownUnicorn2319099
11
Delta Ready for Takeoff (if earnings says so)All, I think if you look at the All Time chart and work backwards in time you will see Delta is at a great take off spot. IF tomorrow goes bad + bad earnings you could see a huge sell off downwards. Either way I think a big change in Delta upwards or downwards is about to happen. Just a matter of how you play it. #1 make sure pending tomorrow breaks this trend line and opens up positive say 3 hours I would maybe get in and set your trailing stop loss etc
NYSE:DAL
by DigitalData
Apple Support - lower than you thinkHi, thanks for viewing. I think there is less demand for over-priced (subjective call) personal electronics at the moment. People are rightly thinking about more essential items, paying down debt, and increasing savings. Probably worth pointing out how strong the 200 week moving average is as support - somewhere around 185, which is lower than people think. Anyone out there thinking that they are safe because "Warren Buffett bough Apple" need to look into the recent cut-losses by Berkshire Hathaway. Warren said many many times in the past things along the lines of "I don't understand electronics firms, so I don't invest in them," "I don't understand Apple so I don't invest," "if I ever invest in airlines - then call the Psychologist because I have lost my mind." Not direct quotes, but anyone who has followed Warren Buffett for a long time will know what I am talking about. So, what happened recently? Berkshire cut losses on Delta Airlines - shares bough expecting the bail-out would somehow replace lost customer demand and bleak fundamentals. To hear that Warren even bought Airline shares just doesn't sound right to me. The same here, they invested in Stocks they didn't understand as well as their traditional 'bread and butter', departed dramatically from a value investing philosophy, and they will have to take their losses - just like everyone else. Apple is over-valued. Anything that is 'consumer discretionary' that may be affected by the steep drop-off in consumer demand will be sold - at least until the future comes into sharper focus. I bought a cheaper smartphone recently after getting annoyed at having to charge my iPhone before the day was over. My new phone has an 11,000Mah battery and I don't even need to charge it every day - every second day is more than enough. I don't need to pay crazy prices for cordless earphones, or $1000 for a computer stand etc etc. Apples has a good product, not necessarily the best in class, but they are compensating for lower sales by raising their prices - that makes them more vulnerable to lower consumer discretionary spending in the event of an economic downturn. I am not sure if I will be a buyer at $185, because we are in the biggest economic shock of a lifetime. But there will likely be a bounce at that level. Now we can watch how this market unfolds. The forces at play are massive US, ECB, BOJ stimulus versus a massive supply chain, and demand shock. Unfortunately, the Fed cannot make people able to afford their credit card bills, their rent, medical costs, cannot re-create a supply chain, or convince anyone that savings aren't essential right now. Long-term, they will have to convince the public that massive and un-serviceable Fed and Public debt isn't something to worry about. That owning public debt that yields below inflation and cannot be paid from income is a good idea. I am very concerned that all the monetised debt this year and next will be met with lower and lower demand as people realise they are not being adequately compensated to hold it, and that at maturity it will be paid in newly printed devalued USD. US Treasuries are a promise to deliver USD in the future, that promise to pay is very unlikely to be funded by additional income, so T-bonds are effectively a promise to print money. Anyone who knows about gold, knows that all the brakes have been taken off the gold price recently. ZIRP (that can never be raised), global uncertainty, negative real yields of 10 year T-bonds, and a struggling equity market, all lend strength (and reduce the opportunity cost to hold it) of gold. Ok, I ended up going a little off-road there. But we are over-all in a "risk off" environment. Safe havens will out-perform vs equities or treasuries (treasuries have stopped being a safe haven). Corporate debt is definitely not a safe haven.
NASDAQ:AAPLShort
by flyinkiwi10
5
DAL - Delta Airlines - Who Will Own The SkiesA lot of Buzz around the airline industry since the bailout this week, so we're taking a look at Delta ($DAL), along with every other person who just downloaded their Robin Hood account this month. Hearing a lot of the "airlines are so cheap, airlines can't fail, people aren't going to stop flying" comments. Correct, people will not stop flying, just depends on who owns the plane. Airlines can most definitely fail. American Airlines is still fresh off Bankruptcy that occurred in this decade!! Airline operating costs and gas do not come cheap. Why do you think you're paying $4 for a bag of potato chips. Fundamentals: 1. Buffet just dumped $314 million worth of Delta shares alone this month 2. Delta just accepted the Stimulus $ in which they can use to stop the bleeding, but they can't lay off any employees (around 90,000 of them) at least until September. They're burning around $60 million per day, so they expect that money to be gone by around June unless they get more $ or people start flying 3. DAL had around 600,000 passengers on a given day in March, they're now around 38,000. Technical: We see price consolidation and price seems to have found support around $20-$22 range. Usually this is a continuation pattern forming, which leads to more downside. If you're going to play this, this is a complete gamble at the moment. Would only buy to go in and out quikc trades. We're not long on airlines until we start seeing people book vacations and businesses stop using Zoom instead of traveling for work. Go tight with the stop loss, as any breaking news can push the stock either way. If we play it, target buy at $21.50-$22.00 with a stop loss at $20.00. Target #1 at $28.78, Target #2 at $34.82. Hit us with a like and a follow for more updates. Cheers! Disclaimer: I do not provide personal investment advice and I am not a qualified licensed investment advisor. I am an amateur investor. All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, or stock picks, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies. I will not and cannot be held liable for any actions you take as a result of anything you read here. Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on here, expressed or implied herein, are committed at your own risk, financial or otherwise.
NYSE:DAL
by MannyLo
United Airlines Zones Colors Red = Sell Green = Buy Gray = Do nothing Orange = Small short till blue Blue Institutional buying = already happened at least once Pink = Probably Bankruptcy or something at least in 2020 prices that low I would be worried lol IF the earnings report gets crushed it will go back down probably to the blue zone so keep an eye out big time. These gray area lines are extremely powerful if you look back. One interesting thing is I am finding cash flow of Quarterly Operating Expenses of drastic change immediately the next month or two lead to downtrends/or reversals of a decent amount. Need to do some algorithms in Tableau to test out my theory. It makes sense, if the company has less operating cash flow how can they run a profitable business for the next earnings report?
NASDAQ:UAL
by DigitalData
7
Delta in a Bearish Pennant? Thoughts?However, I am overall bullish on Delta. I actually think this stock may drop even further especially looking back to 2012. Let me know your thoughts. It looks bullish on lower time frames.Untested levels from 2012 remain and it appears to be making a bearish pennant on 2D-Weekly. Let me know why you think this is bullish, because apparently everyone does. Don't let the drastic price drop make you think we have hit a bottom. We would need a massive bull candle and if you see the higher levels that hasn't happened or any signal of a reversal.
NYSE:DALShort
by DigitalData
1
$AAL EPS Projection = -$2.47 / Falling WedgeI will be looking for $AAL to follow this falling wedge downwards and likely lag till earnings. Earnings may cause more downside. Wall Street Journal EPS Projection: -$1.83 More realistic EPS: -$2.47 I believe revenue projections are heavily understated as shown by Ford. $UAL has quarterly revenues under 10 billion and predicted a revenue loss in march alone at 1.5 billion . $AAL I am betting will have lost more revenue than 1.5 billion in March. If we take into account $UAL projecting losses of 1.5billion in March when their revenue is under 10 billion a quarter it is safe to say that $AAL would lose 1.5 billion in revenue as well, which is generous because they could have lost more. Projected Revenues/Expenses/Net Income/EPS Operating Expense for Q1: 10.157 billion Operating Expenses for January: 3.386 billion Operating Expenses for February: 3.386 billion Operating Expenses for March: 3.386 billion Operating Revenue for Q1: 10.757 billion Operating Revenue for January: 3.585 billion Operating Revenue for February: 3.585 billion Operating Revenue for March if it were a normal month, based on trends: 3.585 billion Non operating expenses: 158 million Net income in January: 200 million Net income in February: 200 million (generous) Expected losses in revenue for March: 1.5 billion Expected Operating revenue for March: 2.085 billion. Net income in March: -1.3billion 200 mill + 200 mill -1.3billion - 158 million = -1.058 billion before taxes No clue how this loss would be taxed, so let's just leave that alone, but this means their real net income after tax will be worse than -1.058 billion -1.058 billion / 428.2million weighted outstanding shares = -$2.47 EPS or worse. This is important because a normal falling wedge like this would break towards the upside, however if earnings are truly this bad I believe there may be more downside.
NASDAQ:AALShort
by bishopknight
Smarter than Buffett?"Delta plunges after Warren Buffett's Berkshire Hathaway slashes its stake" is the morning's headline following the announcement. As investments I don't know why anyone would want to own airlines. They are too exposed to all kinds of risk... world economic factors, energy, terrorism, and now plagues. But to trade airlines... the contrarian in me combined with a price action alert makes me want to test for an opportunity. Earnings are this week and I do not expect anything they say to help or harm what is already known; that Delta is burning through a whopping $60 million per DAY! So while there is some earnings gap risk I'm going to keep my position small and exploratory. Let's see if this is the double bottom of the Daily.
NYSE:DALLong
by norok
3
Airlines Investment PlanAirlines are currently taking a beating and Throughput is decreasing drastically each day. At the beginning of March throughput via TSA was recorded at 2,280,522. On March 31st, throughput was recorded at 146,348. 68 TSA screening agents have tested positive for COVID-19 and Airlines will continue to suffer while throughput is low. This makes for a great time to buy discounted shares in $UAL and $DEL Plan: Accumulate shares in Delta Airlines as well as United Airlines once a week or every $2 down for the time period that United Airlines and Delta are in their respective buy areas. United Airlines and Delta will recover! The government will also likely bail them out! Ask yourself this. 2 years from now what do you see the Airline Industry looking like? Are you willing to let your investment sit for 2 years? If the bottom ends up being $5, great you likely were able to accumulate at $22.50, $20, $18, $16, $14, $12, $10, $8, $6 and more. If the bottom ends up being $15, great you likely were able to accumulate at $22.50, $20, $18, $16 and more. If the bottom is $23 you don't get a single buy-in, great you risked nothing. Do not purchase shares because you feel that you missed out on your target prices. Stick with your targets. My goal is to get 5-20 buys of Delta/United in the buy area. If your unit size is $1000 each that is $5000-$20000 invested. The goal is to hold these shares to a minimum of $45 each before I start exiting. I do not plan on exiting all at once.
NASDAQ:UALLong
by bishopknight
8
Delta Air line long set upon pullback BUY DAL OPTION Price target $54 Price target 2 57.68 Warren Buffett famously advises investors to "be fearful when others are greedy, and be greedy when others are fearful." The billionaire investor's Berkshire Hathaway conglomerate showcased that approach last week: It boosted its stake in Delta Air Lines during the massive market selloff fueled by coronavirus fears. Berkshire deployed about $45 million to buy nearly 980,000 shares in the airline last Thursday, according to a Securities and Exchange Commission filing. The purchases raised its total holding to about 71.9 million shares, giving it an 11.2% stake in the company.
NYSE:DALLong
by MavRich_Trading