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Rob Isbitts

Delta Pops, Oil Drops, Will It Stop? How to Trade Airline Stocks and ETFs Now.

Delta DAL Oil ETF Rob Isbitts United States the Strait of Hormuz

We knew this could happen, and that it probably would happen. A sharp reversal in oil (CLK26) prices, due to something short of the destruction of a civilization. And then, corporate earnings continued on Wednesday morning, just hours after a two-week ceasefire between the U.S. and Iran was reached. 

Delta Airlines (DAL) reported its results. And the travel sector finally found its tailwind. DAL popped by more than 10% Wednesday morning, following a triple-threat of positive catalysts: a dominant first-quarter earnings beat, robust forward guidance, and a timely cooling of tensions in the Strait of Hormuz.

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