Delta Air Lines shares are trading higher by 2.1% during Wednesday's session. The stock is potentially moving higher in sympathy with peer United Airlines after the company reported Q1 results.
As the US market prepares to open on Wednesday, let's get an early glimpse into the pre-market session and identify the S&P500 stocks leading the pack in terms of gains and losses.
The number of Canadian tourists visiting the U.S. has taken a significant hit, potentially resulting in a $6 billion economic loss for the year as per reports.
Delta Air Lines' stock price crash is a chance to buy into this quality dividend payer at an ultra-low price; analysts see it advancing at least 15% this year.
B Of A analyst revised estimates for Delta Air Lines, Inc. following its Q1 results, with operating revenue growth of 2% and adjusted EPS of $0.46. Delta is not reaffirming its FY25 guidance and plans to provide an update later in the year. Analyst predicts flat capacity in H2 and lowers revenue growth forecast. EPS estimate for 2025 reduced to $5.20. Buy rating with price forecast of $56.
According to an ongoing poll, 41% of respondents among the 2,600 participants so far believe in shorting the stocks as the economy is headed for a recession.
The S&P 500 will remain under selling pressure until tariff cloudiness is replaced with certainties; the risk for the market is a cycle of guidance reduction.
