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Airlines get a boost as David Tepper (earlier) argues "the equity is cheap to everything," and...
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Tuesday, January 22, 11:54 AM ETAirlines get a boost as David Tepper (earlier) argues "the equity is cheap to everything," and the industry has the tailwinds of a strong dollar and "flat" oil prices. DAL +3.5%, UAL +1.2%, LCC +2.8%, LUV +2.2%, SAVE +3%.
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(by the way, he also has 13,603,495 shares of LCC. Two of his top ten holdings are airlines. It's not suprising that if Bloomberg is willing to point a T.V camera at him, that he's going to talk sunshine and rainbows about airline stocks.)