American Airlines Shares Take Off

By Jon "DRJ" Najarian

Soars 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 (C), then got another $1.6 billion in aircraft financing commitments from GE Capital Aviation Services (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)

Comments

[Mad Hedge F...:]

pph Fear of law suits prevents most analysts from publishing lists of short selling targets. But the Audit Integrity Co., a forensic accounting firm, regularly posts lists of public companies they believe may go bankrupt (see www.auditintegrity.com). Many of their picks reflect the accelerating shift from the old economy to the new economy. With offices in New York and Los Angeles, they look at leverage, market position, debt, and their own proprietary indicators. Another red flag are the legal shenanigans that companies resort to when coming out of a recession, like writing off large amounts of good will. In the media space CBS (CBS), Sirius XM Radio (SIRI), and Hertz Global (HTZ) are at risk. In the consumer field, Rite Aid (RAD), Macy’s (M), and Las Vegas Sands (LVS) made the list. Advanced Micro Devices (AMD) is the largest tech company to warrant scrutiny. Airlines, always a favorite of bankruptcy mavens, include American Airlines (AMR), and Continental (CAL). Sprint Nextel (S) tops the list of telecom companies. Better take that portfolio out and give it a good scrubbing.

Sep 17 11:36 PM