Here's Why Delta Air Lines (DAL) is a Strong Momentum Stock

Stock to Watch: Delta Air Lines DAL

Delta Air Lines is one of the four carriers that controls majority of the US aviation market (the carriers account for more than 60% of the domestic market share). This development followed a spate of mergers in the industry during the early part of this century.

DAL is a #3 (Hold) on the Zacks Rank, with a VGM Score of A.

Momentum investors should take note of this Transportation stock. DAL has a Momentum Style Score of A, and shares are up 14.4% over the past four weeks.

Three analysts revised their earnings estimate higher in the last 60 days for fiscal 2023, while the Zacks Consensus Estimate has increased $0.03 to $6.11 per share. DAL also boasts an average earnings surprise of 4.4%.

With a solid Zacks Rank and top-tier Momentum and VGM Style Scores, DAL should be on investors' short list.