Decision is "DO NOT SHORT airline" right now.
if you want to BUY, buy quick, sell earlier. since it already start to jump. Your price is not cheap. for short term trade, it's buy signal at all!
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AMR , CAL , DAL , LUV , UAUA , LCC
NEW YORK (TheStreet) -- Airline stocks surged Tuesday, lifted by a glowing UBS analyst's note and a second-straight day of falling oil prices.
Oil futures edged lower after the world's leading oil-producing nations opted to leave production volumes unchanged, a decision that could lead to short-term stability for energy prices after a volatile year.
Also on Tuesday, UBS analyst Kevin Crissey raised his 12-month stock-price targets on American Airlines' parent company, AMR(AMR Quote), as well as Continental Airlines(CAL Quote), Delta Air Lines,(DAL Quote),Southwest Airlines(LUV Quote), and United Airlines parent UAL(UAUA Quote).
Crissey also lifted his 2010 bottom-line expectations for US Airways Group(LCC Quote), whose shares shot higher by 11.5% Tuesday to $5.10.
Among the other names, AMR closed up 6.5% to $8.10; Continental Airlines rose by 4.9% to end at $18.60; Delta Air Lines added 3.5% to $11.80; and Southwest Airlines edged up 1.2% to $11.50.
UAL -- which got the biggest price-target boost from the UBS analyst, to $24 from $15 -- gained 12.2% to $12.90.
Crissey wrote that even if travel demand doesn't continue to strengthen, airline passenger revenue could rise 1.5% in January and 4.5% in February.
-- Reported by Andrea Tse in New York >>See our new stock quote page.
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