October 18 Earnings: United Airlines-Hurricanes, Expenses & FuelUnited Airlines has its second largest hub in Houston, Texas where 7,400 flights were canceled over the course of the Hurricane.
The company expects PRASM to decrease 3.5% to 4% due to impact from the Hurricane.
Slightly higher fuel prices should impact YoY comparisons even if an overall edge is still present.
I believe the company's higher expenses, catastrophe PRASM loss and high YoY comparison will hurt the quarter.
I'm starting United Airlines with a $58 PT for the post earnings move.
United
UAL: Long term long entryWe have shared this entry in the KHL chatroom. You can still enter at market, or buy dips to the key level at 45.
With oil possibly topping for the year, this can be an excellent trade.
Props to Tim West and his Key Hidden Levels. I've come a long way thanks to his mentoring.
Leave comments if you take the trade with me here (or if you've taken any of the ones I posted before). It's a great encouragement, and can sometimes have a bigger impact than just material gratification from succesful trades, or from my customer base.
Have a nice weekend!
Ivan Labrie.
DOW JONES OVERVIEW: UTX IN MACRO UNCERTAINTY, ON SHORT TERM RISKUnited Technologies in a very risky situation...
On long term basis price is trading between 10-year and 5-year means. Price close to macro means is actually an outlier, an indication of uncertainty of major market participants and investors regarding the stock.
On short term basis price is currently on downward risk, as it trades below the 1st standard deviation form both 1-year mean and quarterly means - at 98 and 89 respectively - indicating downtrends on yearly and quarterly basis basis.
