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13/01/2022 American Airlines has a rocking takeoff to 2022

Authored by ZanderVanDerMerwe
13.01.2022
Technical Analysis
0
2 min

CPI came out higher than expected yesterday as the 0.4% forecast was missed by 0.1% pushing the year on year inflation to 7% considerably higher than the Fed’s expectation. Investors are seemingly cautious with the Fed’s monetary policy statements are due to the latter part of the month if the rising inflation would force their hands to increase rates sooner than expected.

Delta Air Lines have their earnings due today, as it shapes up for a possible drop lower given a miss and its EPS estimates. 

Yesterday’s Movers

  • Biogen Inc (BIIB) was down 6.70% as limited access was granted to Biogen’s Alzheimer’s drug.
  • XPeng Inc (XPEV) was up 5.73% prior to January EV deliveries
  • Peloton Interactive Inc (PTON) was down 5.66%
  • Guardian Health Inc (GH)  was down 5.60% 

Earnings Due:

StockSymbolAnnouncement dateRelease TimeEPS Estimate
Delta Air Lines IncDAL13/1/2022Estimated$0.15
JPMorgan Chase & CoJPM14/1/2022Pre-Market$3.00
Citigroup Inc.C14/1/2022Pre-Market$1.76
Goldman Sachs GroupGS18/1/2022Pre-Market$10.01

Stocks to watch:

American Airlines Group Inc. (AAL)

The Airline is due to have its earnings released next week with a negative EPS to be expected. A general overview of the Q4 report was released as capacity was down by 13% in comparison to 2019 which was the previous low that it experienced.

Technically the chart is still holding strong below the 200-day moving average as it ranged without considerably breaking the 50 or 200-day moving average. A break of the range and close below the 20-day moving average should give us the momentum shift to the downside to consider the short.

American Airlines are at the time of writing up 0.05% in the Pre-Market.

Authored by ZanderVanDerMerwe
13.01.2022
Technical Analysis
0
2 min
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