Diamonds and Dogs
Airlines look good ahead of Easter break. All the major airlines are up over one percent with American Airlines (AAL) up over 2%. One of the biggest users of the Boeing 737 MAX, American has had to cancel hundreds of flights in the last month, but the stock is starting to act better as the industry heads into their seasonally strong months. A drop of 1% in the price of oil is also lending support to the sector.
Weight Watchers (WTW) stock getting thinner. Weight Watchers is down 10% today and down 80% since June as they keep losing subscribers. JPMorgan cut her target price on the company's stock to $12 a share citing a 40% decline in year-over-year average daily subscribers. The analyst also mentioned the company may be forced to make a prepayment on a portion of its $1.5 billion term loan due to it exceeding its convent leverage target.