Delta DAL Stock Will Be Flying High

- **Rating**: Buy - **Price Target**: $50.63 - **Upside**: 10.0% - **Cruise Stock Success**: Carnival Cruise Line reported record revenues and raised full-year guidance, leading to a surge in stock price. - **Delta Airlines Q1 2024**: - **Positive News**: Strong operational performance, financial metrics, revenue diversification, and positive outlook for 2024. - **Negative News**: Cost performance, debt levels, mixed revenue environment, and non-fuel cost increases. - **Free Cash Flow Importance**: Delta's FCF growth potential and market cap comparison suggest a potential stock price of $50.63 with a 10% upside. - **Potential Risks**: - Inappropriate comparison of market conditions between 2019 and 2024. - Need for upgraded guidance and potential travel trends impact. - Disclaimer: Not financial advice. - Carnival stock (CCL) broke out after beating earnings forecasts and posting record sales for the second quarter - Carnival reported a record advanced booking position for 2025, surpassing 2024 in both price and occupancy - Carnival raised its 2024 adjusted net income guidance, now expecting $1.55 billion - The company also guided Q3 adjusted net income to increase by 35% to $1.58 billion - CCL stock jumped 8.9% with the news, erasing much of its decline for the year - Rival cruise stocks like Royal Caribbean (RCL) and Norwegian Cruise Line (NCLH) also surged following the report, with RCL already on an upward trend for the year

🚨 Reddit sentiment: mixed/positive - While there are some negative comments concerning Delta's service and potential strikes, many users are still showing bullish behavior by investing in calls and expressing overall positive sentiment towards DAL stock. Summarized comments: • Lot of users discussing Delta DAL stock on the sub today and expressing interest in calls and scalping pre earnings • One user questioning the certainty of investment • Extensive criticism of Delta's service quality, inconvenience of flight connections, high prices, monotonous lounge menu, and decreased service levels although user holds 200 shares and is planning to buy puts for earnings • Some users bullish due to analysts' general positive sentiment towards DAL • AI bot acknowledges intelligent track record of certain users • Discussion of potential flight attendant strike, though one user dismisses the likelihood • Mention of pilots voting overwhelmingly in favor of a strike • Calls seen as cheap, leading one user to buy despite potential regrets Stock tickers discussed: $DAL