Morning Commentary
By Charles Payne, CEO & Principal Analyst
5/26/2020 9:37 AM
![Clearwater beach nearly at capacity during Memorial Day weekend as law enforcement limits crowds to provide for proper social distancing Saturday. [LUIS SANTANA | Times]](https://cdn003.wstreet.com/shared/images/047355/1-1.jpg)
Tampa, FL
|
Restaurant Reservations Y/Y |
May 3 |
May 24 |
|
Chicago |
-100% |
-100% |
|
New York City |
-100% |
-100% |
|
Los Angeles |
-100% |
-100% |
|
Dallas |
-94% |
-73% |
|
Phoenix |
-100% |
-74% |
|
Miami |
-91% |
-60% |
|
Open Table |
||
Friendlier Skies
Watch airline stocks today after the massive $9.8 billion German bailout of Lufthansa. There will be more pressure for greater aid to US carriers.
In addition, UBS placed a buy rating on Southwest (LUV) this morning, hiking its target to $41 from $37.
“We see a clearer path for domestic travel recovery…and have started to see enough evidence of LUV’s cash burn reduction that some of the tail risk is removed” UBS analyst Myles Walton told clients.
Portfolio Approach
We are adding to a new position in Materials in our Hotline Model Portfolio.
Today's Session
The markets are soaring on economies reopening and hopes for a vaccine, sooner rather than later.
| Tweet |
Log In To Add Your Comment
| 4/25/2024 1:16 PM | Don't' Bury me, Yet! |
| 4/25/2024 9:27 AM | THERE CAN ONLY BE ONE |
| 4/24/2024 1:30 PM | Earnings Flood In |
| 4/24/2024 9:26 AM | BUYING THE DIP |
| 4/23/2024 1:25 PM | Bloom Off Rose |
| 4/23/2024 9:32 AM | WHAT HAPPENED TO THE BRAVADO? |
| 4/22/2024 1:22 PM | Pins and Needles |
| 4/22/2024 9:30 AM | LIVE BY THE SWORD … |
| 4/19/2024 1:20 PM | Fair Chunk of Rotation |
| 4/19/2024 9:35 AM | DON’T OVERREACT |
| 4/18/2024 1:37 PM | Didn’t Break Down |
| 4/18/2024 9:40 AM | MARKET OFF SCRIPT |
| 4/17/2024 1:59 PM | Facing Pressure |
| 4/17/2024 9:37 AM | POWELL STILL WANTS TO HELP |
| 4/16/2024 1:35 PM | Muted |
| 4/16/2024 9:42 AM | FEAR ARRIVES |
| 4/15/2024 1:17 PM | Making a Statement |
| 4/15/2024 9:45 AM | Equal Opportunity Drubbing |
| 4/12/2024 1:37 PM | Pressure Overall |
| 4/12/2024 9:42 AM | WHO YA GONNA CALL? |
| 4/11/2024 1:38 PM | No Urgency |
| 4/11/2024 9:27 AM | Tough Sledding |
| 4/10/2024 1:22 PM | Hang In There |
| 4/10/2024 9:51 AM | HERE COMES THE LATEST RATIONALE FOR PERSISTENT INFLATION |
| 4/9/2024 1:56 PM | Fighting the Trend |
| More commentary archives | |
|
Home |
Products & Services |
Education |
In The Media |
Help |
About Us |
Disclaimer | Privacy Policy | Terms of Use | All Rights Reserved.
|