11-Sep-2009 4:30 PM
United US Airways, American Airlines boosted on optimism and positive JP Morgan forecast
Analysis
All US carriers stocks surged on Thursday (10-Sep-09), following optimistic advice from analysts at JP Morgan stating now is the time to buy airline stocks. As a result, the AMEX Airlines Index (6.7%) rallied, its highest gain since Jan-2009, despite an increase in oil prices (0.9%), to USD71.94. The Dow (+0.8%) rose, although not as substantially. Meanwhile, only three carriers, WestJet, TAM and GOL PERCENTAGES? ended trading down.
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