Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.
What: Shares of US Airways Group (NYSE: LCC ) jumped 10% in early trading after being upgraded by an analyst.
So what: Barclays analyst Gary Chase upgraded the stock this morning, saying the company's stock has underperformed competitors this year. There have also been rumors that US Airways would be a good suitor for the recently bankrupt American Airlines parent AMR (NYSE: AMR ) .
Now what: United Continental (NYSE: UAL ) and Delta (NYSE: DAL ) are also trading higher today, partly because JPMorgan (NYSE: JPM ) raised its outlook for airlines. I guess analysts have to update their models after AMR's bankruptcy, but the airline business still makes me queasy. I wouldn't touch any of these stocks -- no matter what analysts say -- because long-term airlines still make a very bad investment.
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