10 Best Stocks to Buy Now for Good Returns

7. Delta Air Lines, Inc. (NYSE:DAL)

Number of Hedge Fund Holders: 68

Berkshire Hathaway Stakes: $2.65 Billion

Delta Air Lines, Inc. (NYSE:DAL) is one of the best stocks to buy now for good returns. On June 23, UBS reiterated a Buy rating on Delta Air Lines, Inc. (NYSE:DAL) and increased the price target to $107 from $98. The new price target represents significant upside as the stock is trading at $90 a share.

The price target hike also comes amid expectations that the second-quarter earnings report will be a positive catalyst for the broader airline sector. UBS expects Delta Air Lines to deliver earnings per share of $1.38. While the company experienced cost pressures in the second quarter owing to higher energy costs, UBS projects 7% cost per available seat mile as the airline raised pay to address crew scheduling issues.

For the third quarter, UBS expects Delta Airlines to achieve earnings per share of $2.51, above the consensus estimate of $1.68 a share. The earnings would incorporate 13.7% revenue per available seat mile on 0.5% available seat mile. The research firm has also raised full-year earnings estimates to $6.70 per share from the consensus of $5.52.

Delta Air Lines, Inc. (NYSE:DAL) is a major global airline that transports passengers and cargo to hundreds of destinations worldwide. It operates a vast network, utilizing various aircraft, and offers premium travel services, including vacation packages and alliances with other international carriers.