Airline Stocks Rise on Goldman Upgrade, Sinking Oil
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Airline stocks are seeing upside today on the back of a Goldman Sachs sector upgrade and crude oil that is currently trading around $75, down about $3 on the day. With the Dow and Nasdaq at session lows, the airline sector remains to be one of the only groups trading in positive territory today.
Goldman lifted its rating on the sector from Cautious to Neutral. Although the majority of airline stocks gapped lower this morning, many surged at the open and are now holding onto modest gains.
- Northwest Airlines (NYSE: NWA) up 1%
- Delta Air Lines (NYSE: DAL) up 1.2% (Delta reported Q3 earnings this morning)
- AMR Corp. (NYSE: AMR) up 2.3%
- Continental Airlines (NYSE: CAL) up 0.4%
- JetBlue (Nasdaq: JBLU) up 2%
- UAL Corp. (Nasdaq: UAUA) up 2.7%
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