Here is the article.
Here are highlights:
- Last 5 trading days - -10.6% drop
- It is an attractive entry point for a long-term investment
- Prediction: Next 21 days, 10% up - probability 30% - AI algorithm
With the resurgence of Covid-19 infections in Europe and the U.S. government’s aid to Airlines about to expire, investors are pessimistic about Airlines stocks. This is why American Airlines’ stock (NYSE:AAL) has dropped nearly -10.6% in the last 5 trading days. So what does it mean for investors? We believe that the near term downside risk to the stock remains meaningful, but the current prices also mean an attractive entry point for a long-term investment. We arrive at our conclusion by assessing American Airlines’ recent market movement from three perspectives:
- Relative positioning in the market
- Underlying financial trends, and
- The output of the Trefis machine learning engine which looks at past patterns to predict near term behavior.
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