No one likes cheaper oil more than the airline stocks. I hate these names, never invest in them and I don’t even trade ’em. That said, they were the biggest winners on the day thanks to the weakness in crude oil. Check it on the 5 day chart: Congrats to those who played them. The…
Airlines
Market Recap: Paper Planes
[youtube=http://www.youtube.com/watch?v=asNbeOBZaTs] The Reformed Broker, AKA Ted Stryker, here with today’s Market Recap… You know it was a snoozer of a day when the most interesting thing can point out was the beating the airline sector took. The latest data on air traffic showed a decline of 3.1 % in April, after an 11.1% decline in…
Market Recap: The Battle
[youtube=http://www.youtube.com/watch?v=AMahxoftUFc] The Reformed Broker, AKA Buddy Lembeck, here with today’s Market Recap… Much like Rhymefest* gives up the battle to Big Daddy Kane in the above video (my favorite of ’09 so far), the bears had to give it up to the bulls today as banks and techs stole the show. The airlines went berzerk…
