27-May-2009 1:35 PM
Air Canada, GOL, FedEx stand out as market rises. But American Airlines, Continental out of favour
Analysis
Air Canada (+7.7%), GOL (+6.2%) and FedEx (+4.8%) stocks were the day's best movers on Tuesday, while the Dow Jones index moved up a healthy 2.4% on stronger consumer sentiment news. This did nothing for Continental (-1.8%) or American Airlines (-1.1%) though. If in fact consumer sentiment surveys genuinely reflect spending intentions, it should be the airline sector which is an early beneficiary.
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