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The Panic-Proof Portfolio (Stockchase Research) United Airlines Holdings UAL-Q PAST TOP PICK Aug 06, 2024

(A Top Pick May 28/24, Down 19.8%)Stockchase Research Editor: Michael O'Reilly

Our PAST TOP PICK with UAL has triggered its stop at $41. To remain disciplined, we recommend covering the position at this time.

The Panic-Proof Portfolio (Stockchase Research)

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$39.470

Stock price when the opinion was issued

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PARTIAL SELL

Shares have rallied since last fall, so take profits. But remember that all airlines are trades.

DON'T BUY

They report tomorrow and probably will report a loss. Delta which he also owns looks a lot better technically. It comes down to Boeing's delays in delivering 737 Max's.

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This is a Panic-proof Portfolio opinion which is available only for Premium members

Curated by Michael O'Reilly since 2020.
1550+ opinions with 4.81 rating (one of the best performing expert).

TOP PICK

Stockchase Research Editor: Michael O'Reilly

As US air travel breaks all time records, we select UAL as a TOP PICK. The FAA just cleared them to continue expansion plans following the recent spat of flight mishaps. It trades at 6x earnings, under 2x book and supports a 33% ROE. Cash reserves are growing, while debt is aggressively retired. We recommend setting a stop-loss at $41, looking to achieve $68 -- upside potential of 30%. Yield 0%

(Analysts’ price target is $68.67)

premium

This is a Panic-proof Portfolio opinion which is available only for Premium members

Curated by Michael O'Reilly since 2020.
1550+ opinions with 4.81 rating (one of the best performing expert).

PAST TOP PICK

(A Top Pick Oct 08/24, Up 64.3%)Stockchase Research Editor: Michael O'Reilly

Our PAST TOP PICK with UAL is progressing well. To remain disciplined, we recommend trailing up the stop (from $47) to $71 at this time.

premium

This is a Panic-proof Portfolio opinion which is available only for Premium members

Curated by Michael O'Reilly since 2020.
1550+ opinions with 4.81 rating (one of the best performing expert).

PAST TOP PICK

(A Top Pick Oct 08/24, Up 56.2%)Stockchase Research Editor: Michael O'Reilly

Our PAST TOP PICK with UAL is progressing well. To remain disciplined, we recommend trailing up the stop (from $71) to $87 at this time.

premium

This is a Panic-proof Portfolio opinion which is available only for Premium members

Curated by Michael O'Reilly since 2020.
1550+ opinions with 4.81 rating (one of the best performing expert).

PAST TOP PICK

(A Top Pick Oct 08/24, Up 83.1%)Stockchase Research Editor: Michael O'Reilly

Our PAST TOP PICK with UAL is progressing well. To remain disciplined, we recommend trailing up the stop (from $87) to $96 at this time.

premium

This is a Panic-proof Portfolio opinion which is available only for Premium members

Curated by Michael O'Reilly since 2020.
1550+ opinions with 4.81 rating (one of the best performing expert).

PAST TOP PICK

(A Top Pick Oct 08/24, Up 59%)Stockchase Research Editor: Michael O’Reilly

Our PAST TOP PICK with UAL has triggered its stop at $96. To remain disciplined, we recommend covering the position at this time.

BUY

It's replaced Delta as the best US airline. Their outlook is positive. Is -38% from January highs and trading under 6x PE.

COMMENT

Yesterday, they reported a surprisingly strong quarter with in-line sales, an earnings beat, but share flatlined today. Why? UAL offered 2 sets of guidance--one for a stable economy and the other for a recession. That's a brilliant idea. Bookings could be stable or weaken. Both forecasts are certainly possible.

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