Diamonds and Dogs
Delta (DAL) jumps 2% on strong demand. A day after rival, UAL said they saw softening demand, Delta raised guidance thanks to strong demand in the fourth quarter and expects earnings to double in 2023. Citi analysts, Stephen Trent reiterates its Buy rating with a $55 price target or 65% upside to Tuesday's closing price.
Charter Comm (CHTR) taking a hit on expansion plans. The cable company is down 16% as the new CEO has a new spending strategy, to spend about $10.65 billion on total capital expenditures in 2023, far higher than some investors expected. I guess shareholders would prefer cash flow to be spent on share buybacks.
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