Fast Money Traders Share Their Views On Delta Air Lines

CNBC Fast Money's Brian Kelly said on the show that the viewers should stay away from Delta Air Lines DAL after it dropped 5.16 percent on Wednesday. He explained that higher fuel costs and lower margins are the reasons behind his decision. The stock had a tremendous run and traders who were lucky enough to participate should take profits, thinks Kelly. Pete Najarian is bullish because Delta has pricing power and its valuation is still reasonable. Guy Adami agrees with Najarian and he thinks that the airlines stocks should be bought on pull back. He likes JetBlue Airways Corporation JBLU but he thinks that the whole space is going higher.
Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Posted In: CNBCMediaBrian KellyGuy AdamiPete Najarian
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!