...And the stock tip? Buy some airlines for a one week trade. The strongest stocks seem to be NWA and DAL, although LCC and CAL might give you a bigger pop.
Remember though it's a trade. There's a real risk they could go out of business.
NORTHWEST AIRLINE
(NYSE: NWA)
After Hours: 6.89 0.31 (4.36%)5:12PM ET
Last Trade: | 7.20 |
Trade Time: | 4:09PM ET |
Change: | 1.81 (33.58%) |
DELTA AIR LINES NEW
(NYSE: DAL)
After Hours: 5.7362 0.1738 (2.94%)5:12PM ET
Last Trade: | 5.91 |
Trade Time: | 4:06PM ET |
Change: | 1.24 (26.55%) |
US AIRWAYS GROUP INC
(NYSE: LCC)
After Hours: 2.24 0.00 (0.00%)5:19PM ET
Last Trade: | 2.24 |
Trade Time: | 4:08PM ET |
Change: | 0.48 (27.27%) |
CONTL AIRLINES CL B
(NYSE: CAL)
After Hours: 9.18 0.01 (0.11%)5:21PM ET
Last Trade: | 9.19 |
Trade Time: | 4:00PM ET |
Change: | 2.54 (38.20%) |
UAL CORP NEW
(NasdaqGS: UAUA)
After Hours: 4.4600 0.0300 (0.68%)5:21PM ET
Last Trade: | 4.43 |
Trade Time: | 4:00PM ET |
Change: | 1.30 (41.53%) |
All quotes via Yahoo Finance.
So what's next? Who knows. The magic number on oil is $132.00, declines stopped there five times in the last month-and-a-half. I'll update the airline's results after the close on Friday.
Sorry about the "Who knows?", I'm all decisioned out.
UPDATE 6:05 EST- oil was up fiddy cent in after hours trade at $135.10 after settling at $134.60. See ya'll tomorrow.