Delta Airlines (DAL) – bought @31, it went up to $43 and $52 in 4 and 16 weeks respectively = 38.7% and 82.4% return

We recommended the stock back in October as a great long-term value and turnaround play, and also as one of our favorite picks in the Transportation-Airlines industry. We noted that the price was re-testing the strong support around the $28.50 mark and that if the price was to hold its ground around that support line it would serve as a great buying opportunity for our followers. We recommended for our clients to wait for the price to start moving up from the above-mentioned support before committing fully to the stock and opening their long positions. The anticipated price development to the upside occurred shortly thereafter and the stock moved 38.7% and 82.4% higher in 4 and 16 weeks respectively. The stock is part of the SPY, which tracks a market-cap-weighted index of US large- and midcap stocks selected by the S&P Committee. SPY is the best-recognized and oldest US listed ETF and typically tops rankings for largest AUM and greatest trading volume. The fund tracks the massively popular US index, the S&P 500. Few realize that S&P’s index committee chooses 500 securities to represent the US large-cap space – not necessarily the 500 largest by market cap, which can lead to some omissions of single names. Still, the index offers outstanding exposure to the US large-cap space. Through our correlation-confirmation approach we compared SPY’s price performance to the XLI Industrial Select Sector SPDR ETF, and used the strong and positive 10-year correlation of 93% between the two indices in order to validate our market recommendations.

Link to the article: https://www.dowexperts.com/stock-picks-for-october-3/

Sincerely,

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