Large Cap Airlines Today's Big Winners Thanks To Oil Weakness

No one likes cheaper oil more than the airline stocks.  I hate these names, never invest in them and I don't even trade 'em.  That said, they were the biggest winners on the day thanks to the weakness in crude oil.

Check it on the 5 day chart:

The airline industry group (in blue) versus Crude Oil (in red) as represented by USO

The Airline Industry Group (in blue) versus Crude Oil (in red) as represented by USO

Congrats to those who played them.  The biggest gainers today seemed to have been the big boys of the sector...

Leaders in Price Performance (Intraday)
DELTA AIR LINES NEW [dal] +13.87%
US AIRWAYS GROUP INC [lcc] +10.53%
CONTL AIRLINES CL B [cal] +9.54%
A M R CP [amr] +9.23%
UAL Corporation [uaua] +8.06%

Full Disclosure: Nothing on this site should ever be considered to be advice, research or an invitation to buy or sell any securities, please see my Terms & Conditions page for a full disclaimer.

You might be interested in:
blog comments powered by Disqus

In partnership with CNN Money Part of the CNN Network