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Today’s Research Reports on Trending Tickers: American Airlines Group and Delta Air Lines

NEW YORK, NY / ACCESSWIRE / November 16, 2017 / U.S. markets dropped sharply Wednesday, with the Dow and S&P 500 posting its largest daily loss since September, as sliding oil prices dragged down the energy sector and concerns regarding the U.S. tax overhaul continued to grow. The Dow Jones Industrial Average fell 0.59 percent to close at 23,271.28, while the S&P 500 Index dropped 0.55 percent to close at 2,564.62. The Nasdaq Composite Index declined 0.47 percent to close at 6,706.21. On Wednesday, the U.S. Energy Information Administration reported domestic crude supplies increased by 1.9 million barrels for the week ended November 10th, compared to forecasts of a 1 million barrel decrease, according to analysts surveyed by S&P Global Platts.

"Now that the earnings season is wrapped up, markets are more beholden to macro data. Weakness in oil prices and skepticism about the passing of the tax bill are also weighing on sentiment," said Karyn Cavanaugh, senior market strategist at Voya Financial.

RDI Initiates Coverage on:

American Airlines Group, Inc.
https://rdinvesting.com/news/?ticker=AAL

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Delta Air Lines, Inc.
https://rdinvesting.com/news/?ticker=DAL

American Airlines Group, Inc.'s stock moved 3.01% higher Wednesday, to close the day at $47.19. The stock recorded a trading volume of 5,219,211 shares, which was below its three months average volume of 5,571,230 shares. In the last year, American Airlines Group, Inc.'s shares have traded in a range of 39.21 - 54.48. The share price has gained 20.35% from its 52-week low. The company's shares are currently trading below their 200-day moving average. The stock's 50-day moving average of $49.23 is greater than its 200-day moving average of $48.40. Shares of the company are trading at a Price to Earnings ratio of 11.72. Shares of American Airlines have fallen roughly 10.46 percent in the past month and are up 1.07 percent year-to-date.

Access RDI's American Airlines Group, Inc. Research Report at:
https://rdinvesting.com/news/?ticker=AAL

On Wednesday, shares in Delta Air Lines, Inc. recorded a trading volume of 6,561,260 shares, which was below the three months average volume of 7,432,510 shares. The stock ended the day 0.88% higher at 49.33. The stock is currently trading 11.52% below its 52-week high with a 52-week trading range of 43.81 - 55.75.The company's shares are currently trading below their 200-day moving average. The stock's 50-day moving average of $50.94 is greater than its 200-day moving average of $50.40. Shares of Delta Air Lines, Inc. are trading at a Price to Earnings ratio of 9.92. Shares of Delta Air Lines have fallen roughly 8.58 percent in the past month and are up 0.28 percent year-to-date.

Access RDI's Delta Air Lines, Inc. Research Report at:
https://rdinvesting.com/news/?ticker=DAL

Our Actionable Research on American Airlines Group, Inc. (NASDAQ:AAL) and Delta Air Lines, Inc. (NYSE:DAL) can be downloaded free of charge at Research Driven Investing.

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Disclaimer: This article is written by an independent contributor of RDInvesting.com and Nadia Noorani, a CFA® charter holder, has provided necessary guidance in preparing the document templates. RDInvesting.com is neither a registered broker-dealer nor a registered investment advisor. For more information please read our full disclaimer at www.rdinvesting.com/disclaimer.

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SOURCE: RDInvesting.com