Today's Research Reports on Trending Tickers: American Airlines and Delta Air Lines
NEW YORK, NY / ACCESSWIRE / July 12, 2018 / U.S. equities saw losses on Wednesday, breaking a winning streak of four consecutive days, as trade tensions grew following the White House's announcement of further tariffs on Chinese goods. The Dow Jones Industrial Average declined 0.88 percent to close at 24,700.45, while the S&P 500 Index dropped 0.71 percent to close at 2,774.02. The Nasdaq Composite Index shed 0.55 percent to close at 7,716.61.
"This is different from the other trade announcements, because the size is significantly larger, and because China is unable to directly reciprocate at $200 billion because they don't import that much. It's unclear what it might do next, but it is clearly another step closer to a full-blown trade war," according to David Carter, chief investment officer at Lenox Wealth Advisors. "If the trade skirmish escalates into a full-blown trade war, that will be a bigger force in the markets than the strong fundamentals," Carter added.
RDIInitiates Coverage on:
AmericanAirlines Group Inc.
https://rdinvesting.com/news/?ticker=AAL
Delta AirLines, Inc.
https://rdinvesting.com/news/?ticker=DAL
American Airlines' stock moved 8.08% lower Wednesday, to close the day at $35.96. The stock recorded a trading volume of 24,191,838 shares, which was above its three months average volume of 6,160,542 shares. In the last year, American Airlines' shares have traded in a range of 35.90 - 59.08. The share price has gained 0.17% from its 52 week low. The company's shares are currently trading below their 200-day moving average. The stock's 50-day moving average of $41.70 is below its 200-day moving average of $48.36. Shares of the company are trading at a Price to Earnings ratio of 9.86. Shares of American Airlines have fallen roughly 18.57 percent in the past month and are down 30.89 percent year-to-date.
AccessRDI's American Airlines Group Inc. Research Report at:
https://rdinvesting.com/news/?ticker=AAL
On Wednesday, shares of Delta Air Lines recorded a trading volume of 10,426,524 shares, which was above the three months average volume of 6,780,209 shares. The stock ended the day 1.5% lower at $49.84. The share price has fallen 18.01% from its 52 week high with a 52 week trading range of 44.59 - 60.79. The company's shares are currently trading below their 200-day moving average. The stock's 50-day moving average of $52.91 is below its 200-day moving average of $54.09. Shares of the company are trading at a Price to Earnings ratio of 10.04. Shares of Delta Air Lines have fallen roughly 9.2 percent in the past month and are down 11 percent year-to-date.
AccessRDI's Delta Air Lines, Inc. Research Report at:
https://rdinvesting.com/news/?ticker=DAL
Our Actionable Research on American Airlines Group Inc. (NASDAQ: AAL) and Delta Air Lines, Inc. (NYSE: DAL) can be downloaded free of charge at Research Driven Investing.
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