Delta Air Lines Inc (DAL-N)

Passenger counts are through the roof. Estimates for airline stocks keep rising, but they've gotten no love. He's bullish airlines.

Most airline stocks are trading near their 2020 levels despite the major increase in business. Delta is thought to be the best managed airline in North America and this is backed up by a number of surveys. It is a favourite of Wall Street analysts. It is trading at 6X this year's expected earnings as compared to a historical level of 9X so it is well priced. It does not pay a dividend.    Buy 21  Hold 0  Sell 0

Does not like airline industry.
Very hard industry to make money in.
Would not recommend buying.
Very fickle and high volatility.

Not worried about tomorrow's report, because he strongly believes in the CEO. As for AA's guidance today, AA actually increased their estimates last month. The problem is that street's estimates got ahead of itself. Wants to know how international travel is doing this year, after domestic travel did gangbusters last year.

Earnings season kicks off Thursday with Delta. The airlines aren't capturing all the profits they should, but if anyone can it is Delta.