Filed under: AMR Corp (AMR), Stocks to Buy
As the price of oil goes, so goes the U.S. airline sector. Moreover, the prospect of moderating oil prices in 2010 and the fact that the worst travel sector conditions have already been priced into the stock are big reasons why I'm reiterating my buy rating for AMR Corp. (AMR), parent of American Airlines, and first recommended on June 22, 2009, at a price of $4.28.
And so far, the AMR call is paying off: If you bought AMR in June, you're up an impressive 90%. If not, don't fret: there's more upside ahead.
Continue reading American Airlines Will Be Among the U.S. Airline Sector's Survivors
American Airlines Will Be Among the U.S. Airline Sector's Survivors originally appeared on BloggingStocks on Sat, 26 Dec 2009 17:10:00 EST. Please see our terms for use of feeds.
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