American Airlines Shares Take Off

Includes: AAL, DDMX, IVAN
by: optionMONSTER

By Jon "DRJ" Najarian

AMR ChartSoars on Cash, Financing

The world's second-largest carrier said it raised at least $2.6 billion in cash and aircraft financing. AMR took in a cool $1 billion from the advance sale of frequent-flier miles to credit-card partner Citigroup (NYSE:C), then got another $1.6 billion in aircraft financing commitments from GE Capital Aviation Services (NYSE:GE). American will also increase flying at four U.S. hubs--Chicago, New York, Dallas-Fort Worth, and Miami--to focus on the most profitable parts of its network, and some regional jets will get first-class cabins. Shares closed at $7.35 Wednesday, but I see AMR crossing my tradeMONSTER screens up some 20 percent this morning to $8.82.

Dynamex Rises on Outlook

The provider of same-day delivery and logistics services reported earnings that beat Wall Street's forecast by $0.05 per share and guided higher for fiscal 2010, above consensus estimates as well. DDMX closed at $17.26 yesterday but is trading at $18.26 in the pre-market on our Heat Seeker real-time tracking system.

Ivanhoe Energy Pumps Up

The energy giant said improvement in proprietary technology that upgrades heavy crude oil will make it more cost-efficient and scalable. IVAN was up $0.22 Wednesday to $2.17 and is trading higher again Thursday morning at $2.75 in the pre-market.

(Chart courtesy of tradeMONSTER)