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: The pilot has turned on the fasten seatbelts sign. AMR
So what: The catalyst for this latest bump, I suspect, is word that Wall Street is now on board as well. Yesterday, investment banker Rodman & Renshaw upgraded AMR shares to "outperform," and slapped a $5 price target on the stock. Today, Dahlman "Rose" to the occasion and endorsed rivals Delta
Now what: Is Dahlman right? Is Rodman? Perhaps -- but I wouldn't bet on it. On CAPS, we have both of these analysts ranked among the worst investors on Wall Street, and historically twice as likely to be wrong on their stock picks as right. I suppose it's commendable, how they're showing solidarity with unprofitable, debt-laden AMR, arguably one of the worst airlines. But do I think you should actually follow their advice.
Disagree? Think AMR will straighten up and fly right? Add it to your Fool Watchlist and see if you're right.
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