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After reviewing the 79 different stocks in the Financial Select SPDR ETF, trading specialist Mike Turner says, "My top pick is Bank of America (BAC).

The editor of Double Digit Trading explains, "During the 2008-2009 financial crisis, BAC was one of the hardest hit banks. As customers fell behind on their loans and investments soured, BAC almost sank. But thanks to $45 billion in government bailout funds, this banking giant was able to stay afloat. Now, the tide seems to be turning for the better."

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Technical Trader Targets Bank of America (BAC) originally appeared on BloggingStocks on Fri, 30 Apr 2010 15:00:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>bacbanking stocksdouble digit tradingfinancial stocksmike turnersteven halperntechnical stocksthestockadvisors.comtrading stocksFri, 30 Apr 2010 15:00:00 EST<![CDATA[Speculative flyers: Delta (DAL) and US Airways (LCC)]]>http://www.bloggingstocks.com/2008/08/05/speculative-flyers-delta-dal-and-us-airways-lcc/http://www.bloggingstocks.com/2008/08/05/speculative-flyers-delta-dal-and-us-airways-lcc/http://www.bloggingstocks.com/2008/08/05/speculative-flyers-delta-dal-and-us-airways-lcc/#commentsFiled under: , , , ,

"If there's one sector that stands to benefit handsomely from a further slide in oil or, at least, a moderation in crude's rally: the airlines," explains energy sector expert Elliott Gue.

In The Energy Strategist, he says, "Airlines may make a terrible long-term investment but can be an outstanding short-term trade." Here he looks at Delta Air Lines (NYSE: DAL) and, for the even more speculatively-inclined, US Airways (NYSE: LCC).

"Some investors will rightfully cringe from any mention of this sector; after all, the airlines have consistently lost money throughout their post-deregulation history.

"Most of the majors have declared bankruptcy on multiple occasions since that time. However, we've traded the airlines on a few occasions; we took some triple-digit percentage gains in the airlines back in 2005.

"The airlines' leverage to oil prices is well known. Expectations are so low, in fact, that several major air carriers actually managed to beat consensus expectations in the second quarter.

"And although sentiment is already at rock-bottom, there's a real basis for cautious optimism. First, if I'm right about oil, fuel costs won't rise appreciably in the third quarter. This huge headwind is dissipating.

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Speculative flyers: Delta (DAL) and US Airways (LCC) originally appeared on BloggingStocks on Tue, 05 Aug 2008 11:30:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>air stocksairline stocksAirlineStocksdaldelta air linesDeltaAirLineselliott gueElliottGueenergy stocksenergy strategistEnergyStocksEnergyStrategistlccoil stocksspeculative stocksSpeculativeStockssteve halpernSteveHalpernthestockadvisors.comtrading stockstransportation stockstravel stocksTravelStocksus airwaysTue, 05 Aug 2008 11:30:00 EST