I recommend investors avoid Delta Airlines (DAL). I think the stock could see significant downward pressure as more investors realize how the company is propping up its earnings with relatively aggressive accounting for its pension and postretirement plan (“pensions”), which are already seriously underfunded.
Stock Pick of the Week
Sell Citigroup (C)Citigroup (C) is in the Danger Zone this week. Market bulls are pointing to rising interest rates as a source of major growth for Citi, but they're ignoring the fundamentals of the market and Citi's weak profit history.
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