Airlines: Seasonal Patterns Say Buy
August 19, 2014 at 11:59 AM EDT
Morgan Stanley’s John Godyn and team think carriers like American Airlines (AAL), Delta Air Lines (DAL) and United Continental (UAL) will repeat their seasonal pattern of “bottoming in the late-summer and rallying though the end of the year.” He explains why: AP Much like the drivers of fall rallies, the sources of summer volatility are very [...]
