Alaska Airlines looks ready to pop this week
Alaska is rated the second-best Airline, according to the Wall Street Journal. It is extremely undervalued, with a PEG ratio of about 0.5. News has been extremely positive for Alaska lately. In terms of technicals, Alaska looks to be right above a volume support and ready to bounce. Another way to play Alaska earnings is to diversify risk by buying the JETS ETF.
Even if it misses its earnings target this week-- and it has a history of beating rather than missing estimates-- it might get a bump from raising its dividend. Alaska was one of five companies named in a Barrons article today titled "Comcast, Valero, and 3 Other Companies Expected to Increase Their Dividends Next Week."
Options buyers have neglected Alaska, with most of the open options being puts, but that just means that the bullish fundamentals aren't priced in yet. I will go long on Alaska Monday morning.
Even if it misses its earnings target this week-- and it has a history of beating rather than missing estimates-- it might get a bump from raising its dividend. Alaska was one of five companies named in a Barrons article today titled "Comcast, Valero, and 3 Other Companies Expected to Increase Their Dividends Next Week."
Options buyers have neglected Alaska, with most of the open options being puts, but that just means that the bullish fundamentals aren't priced in yet. I will go long on Alaska Monday morning.
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