Delta Air Lines (DAL)
from Smart Investing in Turbulent Times
Delta Air Lines (DAL) reported a stronger-than-expected third quarter last week. Key positives include robust free cash flow (enabling share repurchases and ongoing debt reduction), and low stock valuation vs. peers. The stock is up about 11% so far. DAL broke past 48 last week, heading toward January’s all-time high around 51. Expect the stock to rest in the 48-51 range before making its next move. Rating: Strong Buy.
Crista Huff, Smart Investing in Turbulent Times, cabotwealth.com, 800-642-0619, October 20, 2015